Common use of RECOVERY OF UNDUE AMOUNTS Clause in Contracts

RECOVERY OF UNDUE AMOUNTS. 1. The contracting party may recover any amount that was paid but was not due under the Contract. 2. The contracting party must formally notify the expert of its intention, include the reasons why and invite him/her to submit any observations within 30 days of receiving notification. If the contracting party does not accept these observations, it will confirm recovery by formally notifying a ‘debit note’ that specifies the payment terms and date. 3. The expert must repay the amount specified in the debit note to the contracting party. 4. If the expert does not repay the requested amount by the date specified in the debit note, late-payment interest will be added to the amount to be recovered. The interest rate used will be the same as the rate applied by the European Central Bank (ECB) for its main refinancing operations in euros (‘reference rate’), plus three and a half points. The reference rate is the rate in force on the first day of the month in which the payment deadline specified in the debit note expires, as published in the C series of the Official Journal of the European Union. 5. If the expert does not repay the requested amount by the date specified in the debit note, the contracting party may recover the amounts due by offsetting them against any amounts owed to the expert by the EU institutions or an executive agency (from the EU or Euratom) budget without the expert's consent.

RECOVERY OF UNDUE AMOUNTS. 1. The contracting party may recover any amount that was paid but was not due under the Contract. 2. The contracting party must formally notify the expert of its intention, include the reasons why and invite him/her to submit any observations within 30 days of receiving notification. If the contracting party does not accept these observations, it will confirm recovery by formally notifying a ‘debit note’ that specifies the payment terms and date. 3. The expert must repay the amount specified in the debit note to the contracting party. 4. If the expert does not repay the requested amount by the date specified in the debit note, late-late- payment interest will be added to the amount to be recovered. The interest rate used will be the same as the rate applied by the European Central Bank (ECB) for its main refinancing operations in euros (‘reference rate’), plus three and a half points. The reference rate is the rate in force on the first day of the month in which the payment deadline specified in the debit note expires, as published in the C series of the Official Journal of the European Union. 5. If the expert does not repay the requested amount by the date specified in the debit note, the contracting party may recover the amounts due by offsetting them against any amounts owed to the expert by the EU institutions or an executive agency (from the EU or Euratom) Contracting party budget without the expert's consent.

RECOVERY OF UNDUE AMOUNTS. 1. The Teh contracting party may recover any amount that was paid but ubt was not due under the Contract. 2. The contracting party must formally notify the notifyhet expert of its intention, include the reasons why and invite him/her to submit any observations within 30 days wit3h0indays of receiving notification. If the contracting party does not accept these observations, it will confirm recovery by formally notifying a ‘debit note’ 'debitnote' that specifies the payment terms and date. 3. The expert must repay the amount specified in the debit note to the contracting party. 4. If the expert does not repay the requested amount by the date specified in the debit note-note, late-late payment interest will be eb added to the amount to be recovered. The interest rate used will be the same as the rate applied by the European Central Bank (ECB) for its main refinancing operations in euros (‘'reference rate’'), plus three and a half points. The reference rate is the rate thaeter in force on the first day of the month in which the payment deadline specified in the debit note expires, as published in the C series Cin stheeries of the Official Journal of the European Union. 5. If the expert does not repay the requested amount by the date specified in the sdpienctifhi e debit note, the contracting party may recover the amounts due by offsetting them against any amounts owed to the expert by the EU institutions or an executive agency (from the EU or Euratom) budget without the expert's consentexpert'sconsent.

RECOVERY OF UNDUE AMOUNTS. 1. 17.1 The contracting party Agency may recover any amount that was paid but was not due under the Contract. 2. 17.2 The contracting party Agency must formally notify the expert Expert of its intention, include the reasons why and invite him/her to submit any observations within 30 (thirty) days of receiving notification. If the contracting party Agency does not accept these observations, it will confirm recovery by formally notifying a ‘debit note’ that specifies the payment terms and date. 3. 17.3 The expert Expert must repay the amount specified in the debit note to the contracting partyAgency. 4. 17.4 If the expert Expert does not repay the requested amount by the date specified in the debit note, late-payment interest will be added to the amount to be recovered. The interest rate used will be the same as the rate applied by the European Central Bank (ECB) for its main refinancing operations in euros euro (‘reference rate’), plus three and a half eight basis points. The reference rate is the rate in force on the first day of the month in which the payment deadline specified in the debit note expires, as published in the C series of the Official Journal of the European Union. 5. 17.5 If the expert Expert does not repay the requested amount by the date specified in the debit note, the contracting party Agency may recover the amounts due by offsetting them against any amounts owed to the expert Expert by the EU institutions or an executive agency (from the EU or Euratom) budget without the expert's Expert’s consent.

RECOVERY OF UNDUE AMOUNTS. ‌ 1. The contracting party may recover any amount that was paid but was not due under the Contract. 2. The contracting party must formally notify the expert of its intention, include the reasons why and invite him/her to submit any observations within 30 days of receiving notification. If the contracting party does not accept these observations, it will confirm recovery by formally notifying a ‘debit note’ that specifies the payment terms and date. 3. The expert must repay the amount specified in the debit note to the contracting party. 4. If the expert does not repay the requested amount by the date specified in the debit note, late-late- payment interest will be added to the amount to be recovered. The interest rate used will be the same as the rate applied by the European Central Bank (ECB) for its main refinancing operations in euros (‘reference rate’), plus three and a half points. The reference rate is the rate in force on the first day of the month in which the payment deadline specified in the debit note expires, as published in the C series of the Official Journal of the European Union. 5. If the expert does not repay the requested amount by the date specified in the debit note, the contracting party may recover the amounts due by offsetting them against any amounts owed to the expert by the EU institutions or an executive agency (from the EU or Euratom) budget without the expert's consent.

RECOVERY OF UNDUE AMOUNTS. 1. The contracting party authority may recover any amount that was paid but was not due under the Contract. 2. The contracting party authority must formally notify the expert of its intention, include the reasons why and invite him/her to submit any observations within 30 days of receiving notification. If the contracting party authority does not accept these observations, it will confirm recovery by formally notifying a ‘debit note’ that specifies the payment terms and date. 3. The expert must repay the amount specified in the debit note to the contracting partyauthority. 4. If the expert does not repay the requested amount by the date specified in the debit note, late-payment interest will be added to the amount to be recovered. The interest rate used will be the same as the rate applied by the European Central Bank (ECB) for its main refinancing operations in euros (‘reference rate’), plus three and a half points. The reference rate is the rate in force on the first day of the month in which the payment deadline specified in the debit note expires, as published in the C series of the Official Journal of the European Union. 5. If the expert does not repay the requested amount by the date specified in the debit note, the contracting party authority may recover the amounts due by offsetting them against any amounts owed to the expert by the EU institutions or an executive agency (from the EU or Euratom) budget without the expert's consent.

RECOVERY OF UNDUE AMOUNTS. 1. The contracting party may recover any amount that was paid but was not due under the Contract. 2. The contracting party must formally notify the expert of its intention, include the reasons why and invite him/her to submit any observations within 30 days of receiving notification. If the contracting party does not accept these observations, it will confirm recovery by formally notifying a ‘'debit note’ ' that specifies the payment terms and date. 3. The expert must repay the amount specified in the debit note to the contracting party. 4. If the expert does not repay the requested amount by the date specified in the debit note, late-payment interest will be added to the amount to be recovered. The interest rate used will be the same as the rate applied by the European Central Bank (ECB) for its main refinancing operations in euros (‘'reference rate’'), plus three and a half points. The reference rate is the rate in force on the first day of the month in which the payment deadline specified in the debit note expires, as published in the C series of the Official Journal of the European Union. 5. If the expert does not repay the requested amount by the date specified in the debit note, the contracting party may recover the amounts due by offsetting them against any amounts owed to the expert by the EU institutions or an executive agency (from the EU or Euratom) budget without the expert's consent.

RECOVERY OF UNDUE AMOUNTS. 1. The contracting party may recover any amount that was paid but was not due under the Contract. 2. The contracting party must formally notify the expert of its intention, include the reasons why and invite him/her to submit any observations within 30 days of receiving notification. If the contracting party does not accept these observations, it will confirm recovery by formally notifying a ‘'debit note’ ' that specifies the payment terms and date. 32. The expert must repay the amount specified in the debit note to the contracting party. 4. If the expert does not repay the requested amount by the date specified in the debit note, late-payment interest will be added to the amount to be recovered. The interest rate used will be the same as the rate applied by the European Central Bank (ECB) for its main refinancing operations in euros (‘'reference rate’'), plus three and a half points. The reference rate is the rate in force on the first day of the month in which the payment deadline specified in the debit note expires, as published in the C series of the Official Journal of the European Union. 53. If the expert does not repay the requested amount by the date specified in the debit note, the contracting party may recover the amounts due by offsetting them against any amounts owed it owes to the expert by the EU institutions or an executive agency (from the EU or Euratom) budget without the expert's consent.

RECOVERY OF UNDUE AMOUNTS. 1. The contracting party may recover any amount that was paid but was not due under the Contract. 2. The contracting party must formally notify the expert of its intention, include the reasons why and invite him/her to submit any observations within 30 days of receiving notification. If the contracting party does not accept these observations, it will confirm recovery by formally notifying a ‘debit note’ that specifies the payment terms and date. 3. The expert must repay the amount specified in the debit note to the contracting party. 4. If the expert does not repay the requested amount by the date specified in the debit note, late-payment interest will be added to the amount to be recovered. The interest rate used will be the same as the rate applied by the European Central Bank (ECB) for its main refinancing operations in euros (‘reference rate’), plus three and a half points. The reference rate is the rate in force on the first day of the month in which the payment deadline specified in the debit note expires, as published in the C series of the Official Journal of the European Union. 5. If the expert does not repay the requested amount by the date specified in the debit note, the contracting party may recover the amounts due by offsetting them against any amounts owed to the expert by the EU institutions or an executive agency (from the EU or Euratom) Contracting party budget without the expert's consent.

RECOVERY OF UNDUE AMOUNTS. 1. The contracting party Agency may recover any amount that was paid but was not due under the Contract. 2. The contracting party Agency must formally notify the expert Expert of its intentionintention to recover undue amounts, include including the reasons why and invite him/her to submit any observations within 30 days of receiving notificationcalendar days. If the contracting party The Agency does not accept these observationsobservations by the Expert, it will confirm the recovery by formally notifying a ‘debit note’ that specifies the amount, payment terms and date. 3. The expert Expert must repay the amount specified in the debit note to the contracting partyThe Agency. 4. If the expert Expert does not repay the requested amount by the date specified in the debit note, late-payment interest will be added to the amount to be recovered. The interest rate used will be the same as the rate applied by the European Central Bank (ECB) for its main refinancing operations in euros (‘reference rate’), plus three and a half points. The reference rate is the rate in force on the first day of the month in which the payment deadline specified in the debit note expires, as published in the C series of the Official Journal of the European Union. 5. If the expert Expert does not repay the requested amount by the date specified in the debit note, the contracting party The Agency may recover the amounts due by offsetting them against any amounts owed to the expert Expert by the EU institutions or an executive agency (from the EU or Euratom) budget without the expertExpert's consent.

RECOVERY OF UNDUE AMOUNTS. 1. The contracting party may recover any amount that was paid but was not due under the Contract. 2. The contracting party must formally notify the expert of its intention, include the reasons why and invite him/her to submit any observations within 30 days of receiving notification. If the contracting party does not accept these observations, it will confirm recovery by formally notifying a ‘debit note’ that specifies the payment terms and date. 3. The expert must repay the amount specified in the debit note to the contracting party. 4. If the expert does not repay the requested amount by the date specified in the debit note, late-payment interest will be added to the amount to be recovered. The interest rate used will be the same as the rate applied by the European Central Bank (ECB) for its main refinancing operations in euros (‘reference rate’), plus three and a half 3.5 points. The reference rate is the rate in force on the first day of the month in which the payment deadline specified in the debit note expires, as published in the C series of the Official Journal of the European Union. 5. If the expert does not repay the requested amount by the date specified in the debit note, the contracting party may recover the amounts due by offsetting them against any amounts owed to the expert by the EU institutions or an executive agency (from the EU or Euratom) budget without the expert's consent.

RECOVERY OF UNDUE AMOUNTS. 1. The contracting party may recover any amount that was paid but was not due under the Contract. 2. The contracting party must formally notify the expert of its intention, include the reasons why and invite him/her to submit any observations within 30 days of receiving notification. If the contracting party does not accept these observations, it will confirm recovery by formally notifying a ‘debit note’ that specifies the payment terms and date. 3. The expert must repay the amount specified in the debit note to the contracting party. 4. If the expert does not repay the requested amount by the date specified in the debit note, late-payment interest will be added to the amount to be recovered. The interest rate used will be the same as the rate applied by the European Central Bank (ECB) for its main refinancing operations in euros (‘reference rate’), plus three and a half points. The reference rate is the rate in force on the first day of the month in which the payment deadline specified in the debit note expires, as published in the C series of the Official Journal of the European Union. 5. If the expert does not repay the requested amount by the date specified in the debit note, the contracting party may recover the amounts due by offsetting them against any amounts owed to the expert by the EU institutions or an executive agency (from the EU or Euratom) budget without the expert's consent.

RECOVERY OF UNDUE AMOUNTS. 1. The contracting party authority may recover any amount that was paid but was not due under the Contract. 2. The contracting party authority must formally notify the expert Expert of its intention, include the reasons why and invite him/her to submit any observations within 30 (thirty) days of receiving notification. If the contracting party authority does not accept these observations, it will confirm recovery by formally notifying a ‘debit note’ that specifies the payment terms and date. 3. The expert Expert must repay the amount specified in the debit note to the contracting partyauthority. 4. If the expert Expert does not repay the requested amount by the date specified in the debit note, late-payment interest will be added to the amount to be recovered. The interest rate used will be the same as the rate applied by the European Central Bank (ECB) for its main refinancing operations in euros Euro (‘reference rate’), plus three and a half eight basis points. The reference rate is the rate in force on the first day of the month in which the payment deadline specified in the debit note expires, as published in the C series of the Official Journal of the European Union. 5. If the expert Expert does not repay the requested amount by the date specified in the debit note, the contracting party authority may recover the amounts due by offsetting them against any amounts owed to the expert Expert by the EU institutions or an executive agency (from the EU or Euratom) budget without the expert's Expert’s consent.