Purpose of the audit Sample Clauses

Purpose of the audit. The IMI JU may, at any time during the implementation of the project, and up to five years after the end of the project, arrange for financial audits to be carried out. FOR BENEFICIARIES ONLY, audit may be also carried out by: • The European Commission, its own departments – including OLAF – or by any of its duly authorised representatives; • The European Court of Auditors, by its own departments or by any of its duly authorised representatives. The audits may cover:  financial aspects  systemic aspects  other aspects such as accounting and management principles.
Sample 1
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Purpose of the audit. The IMI JU may, at any time during the implementation of the project, and up to five years after the end of the project, arrange for technical and ethical audits to be carried out. • The technical audit may cover: o Scientific aspects; o Technological aspects; o Other aspects relating to the proper execution of the project and the grant agreement. • The technical audit or review shall assess all the issues stipulated in Article II.22.2. • The ethics audit shall assess if the project has been carried out in accordance with fundamental ethical principles.
Sample 1
Purpose of the audit. The Joint Undertaking may, at any time during the implementation of the project, and up to five years after the end of the project, arrange for financial audits to be carried out. The audits may cover: − financial aspects − systemic aspects − other aspects such as accounting and management principles.
Sample 1
Purpose of the audit. The Joint Undertaking may, at any time during the implementation of the project, and up to five years after the end of the project, arrange for technical audits or reviews to be carried out. The technical audit may cover: - Scientific aspects; - Technological aspects; - Other aspects relating to the proper execution of the project and the grant agreement, including compliance with fundamental ethical principles The technical audit or review shall assess: - the degree of fulfilment of the project work plan for the relevant period and of the related deliverables, - the continued relevance of the objectives and breakthrough potential with respect to the scientific and industrial state of the art, - the resources planned and utilised in relation to the achieved progress, in a manner consistent with the principles of economy, efficiency and effectiveness, - the management procedures and methods of the project, - the beneficiary’s contributions and integration within the project, - the expected potential impact in economic, competition and social terms, and the beneficiaries' plan for the use and dissemination of Foreground.
Sample 1

Related to Purpose of the audit

  • PURPOSE OF THE AGREEMENT ‌ The purpose of this Agreement is to authorize PDL NPDL to charter space to PFLG in the Trade (as hereinafter defined).

  • Purpose of the Plan The Plan is intended to advance the best interests of the Company, its Affiliates and its stockholders by providing those persons who have substantial responsibility for the management and growth of the Company and its Affiliates with additional performance incentives and an opportunity to obtain or increase their proprietary interest in the Company, thereby encouraging them to continue in their employment or affiliation with the Company or its Affiliates.

  • Purpose of the Loan The purpose of the Loan is to provide financing for the Borrower’s activities and investments.

  • Purpose of Company The purpose of the Company is to engage in any lawful act or activity for which limited liability companies may be formed under the Act and to engage in any and all activities necessary or incidental thereto.

  • Purpose of Consultation Procedure The purpose of the consultation procedure is to endeavor to resolve any failure to meet the provisions of the Service Level Agreement. If a consultation occurs under this Section V, all parties must negotiate in good faith to endeavor to: 1. implement changes which will enable the Service Level Agreement provisions to be met – such changes may include, but are not limited to, modification of either or both parties’ respective operational resources; 2. agree to alternative Service Level Agreement provisions which meet the parties’ respective business requirements; or 3. otherwise find a solution such that within a reasonable time after the consultation, the inability to meet the Service Level Agreement provision(s) is reasonably expected to be less likely to occur in the future.

  • PURPOSE OF THE TRUST The purpose of the Trust shall be to (a) manage, conduct, operate and carry on the business of an investment company; (b) subscribe for, invest in, reinvest in, purchase or otherwise acquire, hold, pledge, sell, assign, transfer, exchange, distribute or otherwise deal in or dispose of any and all sorts of property, tangible or intangible, including but not limited to Securities of any type whatsoever, whether equity or nonequity, of any issuer, evidences of indebtedness of any person and any other rights, interest, instruments or property of any sort to exercise any and all rights, powers and privileges of ownership or interest in respect of any and all such investment of every kind and description, including without limitation, the right to consent and otherwise act with respect thereto, with power to designate one or more Persons to exercise any of said rights, powers and privileges in respect of any of said investments. The Trustees shall not be limited by any law limiting the investments which may be made by fiduciaries.

  • Purpose of Evaluation 10.1.1 It is recognized that a system of evaluation is essential to assist Unit Members in developing competency and realizing their potential. It is further recognized that information gathered through such a system will enable decisions that measure a Unit Member’s performance in a just and equitable manner. 10.1.2 The evaluation procedure is a cooperative process designed to: a. Promote the achievement of goals and objectives of the County Office and its programs through the assessment and evaluation of the staff that perform within that program; b. Provide a formal method of recognizing staff achievement and growth; c. Identify abilities and specific indicators most critical to support job performance; d. Develop suggestions and direction regarding desired performance and improvement based on standards for like positions; e. Increase the employee’s understanding of performance from the supervisor’s viewpoint; and f. Provide a process of two-way communication to evaluate job performance.

  • Purpose of DPA The purpose of this DPA is to describe the duties and responsibilities to protect Student Data including compliance with all applicable federal, state, and local privacy laws, rules, and regulations, all as may be amended from time to time. In performing these services, the Provider shall be considered a School Official with a legitimate educational interest, and performing services otherwise provided by the LEA. Provider shall be under the direct control and supervision of the LEA, with respect to its use of Student Data

  • Purpose of the Grant I.1.1 The Commission has decided to award a grant, under the terms and conditions set out in the Special Conditions, the General Conditions and the Annexes to the agreement, which the beneficiary hereby declares that he has taken note of and accepts, for the action entitled […] ("the action"). I.1.2 The beneficiary accepts the grant and undertakes to do everything in his power to carry out the action as described in Xxxxx X, acting on his own responsibility.

  • Purpose of Contract The purpose of this contract is to provide services in accordance with the terms and conditions specified in this contract including all attachments, forms, and exhibits which constitute the contract document.

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