THE RIGHTS OF THE PARTIES. Article 9.1 The Programme Operator reserves the right to suspend the contract immediately (by notification to the Project Promoter): a) in the case of suspected breach of the contract by the promoter, until the suspicion is invalidated; b) if the decision to suspend payments and request reimbursement from the Project Promoter is taken by the Financial Mechanism Committee/Norwegian Financial Mechanism (Financial Mechanism Office- FMO) or by the National Focal Point (NFC). Article 9.2 The Programme Operator reserves the right to terminate the contract if it is found that the project objectives and indicators as declared by the promoter in the approved financing application have not been met. In this case, the Promoter shall be obliged to reimburse the advance granted or any other amounts received and unjustified; Article 9.3 The Programme Operator may carry out at Promoter level all activities related to verification of the implementation of the funded initiative in accordance with this contract; Article
Appears in 6 contracts
Samples: Financing Contract, Financing Contract, Financing Contract
THE RIGHTS OF THE PARTIES. Article 9.1 The Programme Operator reserves the right to suspend the contract immediately (by notification to the Project Promoter):
a) in the case of suspected breach of the contract by the promoter, until the suspicion is invalidated;
b) if the decision to suspend payments and request reimbursement from the Project Promoter is taken by the Financial Mechanism Committee/Norwegian Financial Mechanism (Financial Mechanism Office- FMO) or by the National Focal Point (NFC).
Article 9.2 The Programme Operator reserves the right to terminate the contract if it is found that the project objectives and indicators as declared by the promoter in the approved financing application have not been met. In this case, the Promoter shall be obliged to reimburse the advance granted or any other amounts received and unjustified;
Article 9.3 The Programme Operator may carry out at Promoter level all activities related to verification of the implementation of the funded initiative in accordance with this contract; Article;
Appears in 2 contracts
Samples: Financing Contract, Financing Contract