Common use of Share Budget Clause in Contracts

Share Budget. A Participant that spends less than its allocated share of the Budget will receive any payment only in accordance with its actual duly justified eligible costs only. In any case of a Participant having received excess payments, the Participant has to return the relevant amount to the Project Coordinator without undue delay. A Participant that spends more than its allocated share of the Budget shall be responsible for the additional cost and will not receive an additional payments, unless expressly agreed otherwise between the Participants.

Share Budget. A Participant that spends less than its allocated share of the Budget will receive any payment only in accordance with its actual duly justified eligible costs only. In any case of a Participant having received excess payments, the Participant has to return the relevant amount to the Project Coordinator without undue delay. A Participant that spends more than its allocated share of the Budget shall be responsible for the additional cost and will not receive an additional payments, unless expressly agreed otherwise between the Participants.

Share Budget. A Participant that spends less than its allocated share of the Budget will receive any payment only in accordance with its actual duly justified eligible costs only. In any case of a Participant having received excess payments, the Participant has to return the relevant amount to the Project Program Coordinator without undue delay. A Participant that spends more than its allocated share of the Budget shall be responsible for the additional cost and will not receive an additional payments, unless expressly agreed otherwise between the Participants.