Common use of Recovery procedure Clause in Contracts

Recovery procedure. Before recovery, the contracting authority must formally notify the contractor of its intention to recover the amount it claims, specifying the amount due and the reasons for recovery and inviting the contractor to make any observations within 30 days of receipt. If no observations have been submitted or if, despite the observations submitted, the contracting authority decides to pursue the recovery procedure, it must confirm recovery by formally notifying a debit note to the contractor, specifying the date of payment. The contractor must pay in accordance with the provisions specified in the debit note. If the contractor does not pay by the due date, the contracting authority may, after informing the contractor in writing, recover the amounts due: (a) by offsetting them against any amounts owed to the contractor by the Union or by the European Atomic Energy Community or by an executive agency when it implements the Union budget; (b) by calling in a financial guarantee if the contractor has submitted one to the contracting authority; (c) by taking legal action.

Recovery procedure. Before recovery, the contracting authority must formally notify the contractor of its intention to recover the amount it claims, specifying the amount due and the reasons for recovery and inviting the contractor to make any observations within 30 days of receipt. If no observations have been submitted or if, despite the observations submitted, the contracting authority decides to pursue the recovery procedure, it must confirm recovery by formally notifying a debit note to the contractor, specifying the date of payment. The contractor must pay in accordance with the provisions specified in the debit note. If the contractor does not pay by the due date, the contracting authority may, after informing the contractor in writing, recover the amounts due: (a) by offsetting them against any amounts owed to the contractor by the Union or by the European Atomic Energy Community or by an executive agency when it implements the Union budgetCommunity; (b) by calling in a financial guarantee if the contractor has submitted one to the contracting authority; (c) by taking legal action.

Recovery procedure. Before recovery, the contracting authority must formally notify the contractor of its intention to recover the amount it claims, specifying the amount due and the reasons for recovery and inviting the contractor to make any observations within 30 days of receipt. If no observations have been submitted or if, despite the observations submitted, the contracting authority decides to pursue the recovery procedure, it must confirm recovery by formally notifying a debit note to the contractor, specifying the date of payment. The contractor must pay in accordance with the provisions specified in the debit note. If the contractor does not pay by the due date, the contracting authority may, after informing the contractor in writing, recover the amounts due: (a) by offsetting them against any amounts owed to the contractor by the Union or by the European Atomic Energy Community or by an executive agency when it implements the Union budgetTransport Community; (b) by calling in a financial guarantee if the contractor has submitted one to the contracting authority; (c) by taking legal action.

Recovery procedure. Before recovery, the contracting authority must formally notify the contractor of its intention to recover the amount it claims, specifying the amount due and the reasons for recovery and inviting the contractor to make any observations within 30 days of receipt. If no observations have been submitted or if, despite the observations submitted, the contracting authority decides to pursue the recovery procedure, it must confirm recovery by formally notifying a debit note to the contractor, specifying the date of payment. The contractor must pay in accordance with the provisions specified in the debit note. If the contractor does not pay by the due date, the contracting authority may, after informing the contractor in writing, recover the amounts due: (a) by offsetting them against any amounts owed to the contractor by the Union or by the European Atomic Energy Community or by an executive agency when it implements the Union budgetCommunity; (b) by calling in a financial guarantee if the contractor has submitted one to the contracting authority; (c) by taking legal action.