Responsibilities of the Parties to the Engagement Sample Clauses

Responsibilities of the Parties to the Engagement. ‘The Beneficiary’ refers to the legal entity that is receiving the grant and that has signed the Grant Agreement with the European Commission2. • The Beneficiary is responsible for preparing a Financial Statement for the Action financed by the Grant Agreement in compliance with such agreements and providing it to the Auditor, and for ensuring that this Financial Statement can be properly reconciled to the Beneficiary’s accounting and bookkeeping system and to the underlying accounts and records. Notwithstanding the procedures to be carried out, the Beneficiary remains at all times responsible and reliable for the accuracy of the Financial Statement. • The Beneficiary is responsible for the factual statements which will enable the Auditor to carry out the procedures specified, and will provide the Auditor with a written representation letter supporting these statements, clearly dated and stating the period covered by the statements. • The Beneficiary accepts that the ability of the Auditor to perform the procedures required by this engagement effectively depends upon the Beneficiary providing full and free access to the Beneficiary’s staff and its accounting and other relevant records. ‘The Auditor’ refers to the Auditor who is responsible for performing the agreed-upon procedures as specified in these ToR, and for submitting an independent report of factual findings to the Beneficiary. The Auditor must be independent from the Beneficiary. • [Option 1: delete if not applicable] The Auditor is qualified to carry out statutory audits of accounting documents in accordance with the Directive 2006/43/EC of the European Parliament and of the Council of 17 May 2006 on statutory audits of annual accounts and consolidated accounts, amending Council Directives 78/660/EEC and 83/349/EEC and repealing Council Directive 84/253/EEC or similar national regulations. • [Option 2: delete if not applicable] The Auditor is a Competent Public Officer for which the relevant national authorities have established the legal capacity to audit the Beneficiary and has not been involved in the preparation of the financial statements. 1 Financial Statement in this context refers solely to Form C - Annex VI by which the Beneficiary claims costs under the Grant Agreement.
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Responsibilities of the Parties to the Engagement. The term «Beneficiary(ies)» refers collectively to all Beneficiaries, in- cluding the PIU, the Lead Institution, the municipalities and NGOs, to the extent the municipalities and NGOs are implementing the Sub-Project. When there is only one Beneficiary of the Sub-Project, the terms Beneficiary(ies), the PIU and the Lead Institution should be understood as referring to the only Beneficiary of the Sub-Pro- ject. Where applicable the term Beneficiary(ies) includes its affiliated entity(ies). • The PIU/Lead Institution is responsible for providing Pro- xxxxx Report (including narrative and financial part) on the progress in implementing the Sub-Project financed by the Grant as specified in the Grant Agreement. The Grant Agree- ment sets out the minimum information required by the CEB with respect to the Progress Reports (as further described under Appendix D of the Grant Agreement). These Progress Reports reconcile to the Beneficiary(ies)’s accounting and bo-
Sample 1

Related to Responsibilities of the Parties to the Engagement

  • Responsibilities of the Parties 1.5.1 The Parties shall perform all obligations of this Agreement in accordance with all Applicable Laws and Regulations, Operating Requirements, and

  • RESPONSIBILITIES OF PARTIES A. BellSouth will include billing number information associated with resold exchange lines or SPNP arrangements in its LIDB. The MPOWER will request any toll billing exceptions via the Local Service Request (LSR) form used to order resold exchange lines, or the SPNP service request form used to order SPNP arrangements. B. Under normal operating conditions, BellSouth shall include the billing number information in its LIDB upon completion of the service order establishing either the resold local exchange service or the SPNP arrangement, provided that BellSouth shall not be held responsible for any delay or failure in performance to the extent such delay or failure is caused by circumstances or conditions beyond BellSouth’s reasonable control. BellSouth will store in its LIDB an unlimited volume of the working telephone numbers associated with either the resold local exchange lines or the SPNP arrangements. For resold local exchange lines or for SPNP arrangements, BellSouth will issue line-based calling cards only in the name of MPOWER. BellSouth will not issue line-based calling cards in the name of MPOWER’s individual end users. In the event that MPOWER wants to include calling card numbers assigned by the MPOWER in the BellSouth LIDB, a separate agreement is required. C. BellSouth will provide responses to on-line, call-by-call queries to the stored information for the specific purposes listed in the next paragraph. D. BellSouth is authorized to use the billing number information to perform the following functions for authorized users on an on-line basis: 1. Validate a 14 digit Calling Card number where the first 10 digits are a line number or special billing number assigned by BellSouth, and where the last four digits (PIN) are a security code assigned by BellSouth. 2. Determine whether the MPOWER has identified the billing number as one which should not be billed for collect or third number calls, or both. Version1Q00:3/6/00 1. XXX Hosting, Calling Card and Third Number Settlement System (CATS) and Non- Intercompany Settlement System (NICS) services provided to MPOWER by BellSouth will be in accordance with the methods and practices regularly adopted and applied by BellSouth to its own operations during the term of this Agreement, including such revisions as may be made from time to time by BellSouth. 2. MPOWER shall furnish all relevant information required by BellSouth for the provision of XXX Hosting, CATS and NICS. 3. Applicable compensation amounts will be billed by BellSouth to MPOWER on a monthly basis in arrears. Amounts due from one Party to the other (excluding adjustments) are payable within thirty (30) days of receipt of the billing statement. 4. MPOWER must have its own unique XXX code. Requests for establishment of XXX status where BellSouth is the selected Centralized Message Distribution System (CMDS) interfacing host, require written notification from MPOWER to the BellSouth XXX Hosting coordinator at least eight (8) weeks prior to the proposed effective date. The proposed effective date will be mutually agreed upon between the Parties with consideration given to time necessary for the completion of required Telcordia (formerly BellCore) functions. BellSouth will request the assignment of an XXX code from its connecting contractor, currently Telcordia (formerly BellCore), on behalf of MPOWER and will coordinate all associated conversion activities. 5. BellSouth will receive messages from MPOWER that are to be processed by BellSouth, another LEC or CLEC in the BellSouth region or a LEC outside the BellSouth region. 6. BellSouth will perform invoice sequence checking, standard EMI format editing, and balancing of message data with the EMI trailer record counts on all data received from MPOWER.

  • Responsibilities of the Contractor The Contractor shall provide all technical and professional expertise, knowledge, management, and other resources required for accomplishing all aspects of the tasks and associated activities identified in the Scope of Work. In the event that the need arises for the Contractor to perform services beyond those stated in the Scope of Work, the Contractor and the City shall negotiate mutually agreeable terms and compensation for completing the additional services.

  • RESPONSIBILITIES OF CITY City or its representative shall issue all communications to Contractor. City has the authority to request changes in the work in accordance with the terms of this Agreement and with the terms in Exhibit A – Scope of Work. City has the authority to stop work or to suspend any work.

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