VERIFICATION OF EXPENDITURE Sample Clauses

VERIFICATION OF EXPENDITURE. Article 6.1. In order to justify the expenditure incurred and to request interim payments, the Project Promoter shall submit to the Programme Operator intermediate reports/final report drawn up in the format communicated by the Programme Operator (according to Annex 1, 2 and 3 of this document), accompanied by the procurement files, where applicable, and the supporting documents requested relating to the expenditure declared under it.
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VERIFICATION OF EXPENDITURE. The Auditor verifies the expenditure and reports all the exceptions resulting from this verification. Verification exceptions are all verification deviations found when performing the procedures should be set out in an Annex to the Auditor's report. In all cases the Auditor assesses the (estimated) financial impact of exceptions in terms of ineligible expenditure. The Auditor reports all exceptions found including the ones of which he cannot measure the financial impact. Having selected the expenditure items the Auditor verifies them by testing for the criteria set out below.
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VERIFICATION OF EXPENDITURE. The Lead Partner shall submit to the relevant controller partial progress report for the implementation of its own part of the project with attachments within the time limits and in accordance with the rules referred to in § 22 and the Programme Manual. The Controller shall verify the partial progress report and the eligibility of the expenditure declared therein. This verification shall be carried out in accordance with the rules, guidelines or procedures established in the Member State concerned, taking into account the Programme rules. The verification of the Lead Partner's expenditure shall be carried out on the basis of the data contained in the partial progress report and the documents provided by the Lead Partner. If, during the verification of the partial progress report, the Controller finds that the national or European Union rules or project implementation rules referred to in the Programme Manual have been breached, they may consider the relevant expenditure in whole or in part as irregularly incurred and reduce the partial progress report accordingly. This shall also apply to expenditure incurred prior to signing the Grant Contract. In the case of expenditure incurred in breach of public procurement rules or without respecting the principle of competition, it shall be determined in accordance with the national rules or principles. If in a given Member State there are no rules or principles which determine the amount of expenditure incurred in violation of public procurement or principle of competition rules, the Controller shall apply the rates of financial correction specified in the Commission’s decision referred to in § 2(3)(b). The rules of procedure in the case of finding irregular expenditure are regulated by the Programme Manual or by national guidelines on the correction of expenditure and the imposition of financial corrections, if such guidelines exist in the Member State. The Controller shall communicate to the Lead Partner the result of the verification of the partial progress report in accordance with the rules that are set out in the Programme Manual.
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VERIFICATION OF EXPENDITURE. 1. Each joint PPR submitted by the LP to the MA/JS must be accompanied by control certificates confirming the eligibility of expenditure at PP level, including LP, issued by national controllers as referred to in Article 46(3) of the Interreg Regulation, according to the system set up by each Partner State and in compliance with the requirements set by the legal framework listed in Article 1 of the Subsidy Contract. The PPs shall deliver all necessary documents in order to enable the LP to fulfil its obligations. To this end, the partnership may agree on internal rules and delivery procedures.
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VERIFICATION OF EXPENDITURE. 1. Each project progress report and the final report submitted by the LP to the MA via the JS must be accompanied by certificates confirming the eligibility of expenditure, both at LP and PP level. Certificates attesting the validation of expenditure shall be issued by the national controllers as referred to art. 46 (3) of the Interreg Regulation according to the system set up by each programme participating country and in compliance with the legal framework in art. 1.
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VERIFICATION OF EXPENDITURE. 1. The Lead Partner shall submit to the relevant controller partial progress report for the implementation of its own part of the project with attachments within the time limits and in accordance with the rules referred to in § 22 and the Programme Manual.
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VERIFICATION OF EXPENDITURE. Project promoters shall submit interim and final project reports containing information on project progress and incurred expenditure. In line with point i) of Article 5.6.2 of the Regulation incurred expenditure reported shall be subject to administrative verifications before the report is approved. Verifications to be carried out shall cover administrative, financial, technical and physical aspects of projects, as appropriate and be in accordance with the principle of proportionality. Additionally, in line with point ii) of Article 5.6.2 of the Regulation on–the-spot verifications of projects, which may be carried out on a sample basis, shall be carried out. The detailed procedure for verification will be further detailed in the description of the Programme Operator’s management and control systems.
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VERIFICATION OF EXPENDITURE. The Beneficiary shall submit to the relevant controller partial progress report for the implementation of the project with attachments in accordance with the rules referred to in § 22 and the Programme Manual. The Controller shall verify the partial request for payment and the eligibility of the expenditure declared therein. This verification shall be carried out in accordance with the rules, guidelines or procedures established in the state concerned and in accordance with the Programme rules. The verification of the Beneficiary's expenditure shall be carried out on the basis of the data contained in the request for payment and the documents provided by the Beneficiary. If, during the verification of the partial request for payment, the Controller finds that the national or European Union rules or project implementation rules referred to in the Programme Manual have been breached, they may consider the relevant expenditure in whole or in part as irregularly incurred and reduce the partial request for payment accordingly. This shall also apply to expenditure incurred prior to signing the Grant Contract. If in a given state of the Beneficiary there are no rules or principles which determine the amount of expenditure incurred in violation of public procurement or principle of competition rules, the Controller shall apply the rates of financial correction specified in the Commission’s decision referred to in § 2(3)(b). The rules of procedure in the case of finding irregular expenditure are regulated by the Programme Manual, Rules and procedures on management verifications in Interreg NEXT Poland – Ukraine 2021-2027 Programme, by national guidelines on the correction of expenditure and the imposition of financial corrections, if such guidelines exist. The Controller shall communicate to the Beneficiary the result of the verification of the partial progress report in accordance with the rules that are set out in the Programme Manual.
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Related to VERIFICATION OF EXPENDITURE

  • Proof of expenditure Costs incurred by Programme Operators, Project Promoters and project partners shall be supported by documentary evidence as required in Article 8.12 of the Regulation.

  • Payment of Expenses The Company hereby agrees to pay, to the extent not paid at Closing, all Company expenses incidental to the performance of the obligations of the Company under this Agreement, including but not limited to (i) the Company’s legal and accounting fees and disbursements, (ii) the preparation, printing, filing, mailing and delivery (including the payment of postage with respect to such mailing) of the Registration Statement, the Preliminary Sale Prospectus and the Prospectus, including any pre or post effective amendments or supplements thereto, and the printing and mailing of this Agreement and related documents, including the cost of all copies thereof and any amendments thereof or supplements thereto supplied to the Underwriters in quantities as may be required by the Underwriters, (iii) fees incurred in connection with conducting background checks of the Company’s management team, up to a maximum of $2,000 per principal or $20,000 in the aggregate, (iv) the preparation, printing, engraving, issuance and delivery of the Units, the Common Stock and the Warrants included in the Units, including any transfer or other taxes payable thereon, (v) filing fees incurred in registering the Offering with FINRA and the reasonable fees of counsel to the Representative not to exceed $15,000 in connection therewith, (vi) fees, costs and expenses incurred in listing the Securities on Nasdaq or such other stock exchanges as the Company and the Representative together determine, (vii) all fees and disbursements of the transfer and warrant agent, (viii) all of the Company’s expenses associated with “due diligence” and “road show” meetings arranged by the Representative and any presentations made available by way of a netroadshow, including without limitation trips for the Company’s management to meet with prospective investors, all travel, food and lodging expenses associated with such trips incurred by the Company or such management; (ix) $100,000 to Odeon for its services and expenses as the QIU; and (x) all other costs and expenses customarily borne by an issuer incidental to the performance of its obligations hereunder which are not otherwise specifically provided for in this Section 3.10. If the Offering is consummated, the Representative may deduct from the net proceeds of the Offering payable to the Company on the Closing Date the expenses set forth above (which shall be mutually agreed upon between the Company and the Representative prior to Closing) to be paid by the Company to the Representative and others. If the Offering is not consummated for any reason (other than a breach by the Representative of any of its obligations hereunder), then the Company shall reimburse the Representative in full for its out-of-pocket accountable expenses actually incurred through such date, including, without limitation, reasonable fees and disbursements of counsel to the Representative.

  • Advancement of Expenses To the extent not prohibited by law, the Company shall advance the expenses incurred by Indemnitee in connection with any proceeding, and such advancement shall be made within twenty (20) days after the receipt by the Company of a statement or statements requesting such advances (which shall include invoices received by Indemnitee in connection with such expenses but, in the case of invoices in connection with legal services, any references to legal work performed or to expenditures made that would cause Indemnitee to waive any privilege accorded by applicable law shall not be included with the invoice) and upon request of the Company, an undertaking to repay the advancement of expenses if and to the extent that it is ultimately determined by a court of competent jurisdiction in a final judgment, not subject to appeal, that Indemnitee is not entitled to be indemnified by the Company. Advances shall be unsecured, interest free and without regard to Indemnitee’s ability to repay the expenses. Advances shall include any and all expenses actually and reasonably incurred by Indemnitee pursuing an action to enforce Indemnitee’s right to indemnification under this Agreement, or otherwise and this right of advancement, including expenses incurred preparing and forwarding statements to the Company to support the advances claimed. Indemnitee acknowledges that the execution and delivery of this Agreement shall constitute an undertaking providing that Indemnitee shall, to the fullest extent required by law, repay the advance if and to the extent that it is ultimately determined by a court of competent jurisdiction in a final judgment, not subject to appeal, that Indemnitee is not entitled to be indemnified by the Company. The right to advances under this Section shall continue until final disposition of any proceeding, including any appeal therein. This Section 6 shall not apply to any claim made by Indemnitee for which indemnity is excluded pursuant to Section 10(b).

  • Reimbursement of Expenses The Company shall reimburse Executive for any expenses reasonably and necessarily incurred by Executive during the Term in furtherance of Executive’s duties hereunder, including travel, meals and accommodations, upon submission by Executive of vouchers or receipts and in compliance with such rules and policies relating thereto as the Company may from time to time adopt.

  • Reimbursement of Expenses Associated with Security Breach In the event of a Security Breach that is attributable to the Provider, the Provider shall reimburse and indemnify the LEA for any and all costs and expenses that the LEA incurs in investigating and remediating the Security Breach, without regard to any limitation of liability provision otherwise agreed to between Provider and LEA, including but not limited to costs and expenses associated with:

  • Other Direct Costs For any justified Direct Cost incurred for Change Order work not covered by the categories of costs contained in Sections 4.5.10.1 through 4.5.10.4, DB Contractor shall accept as full payment therefor an amount equal to the actual cost to DB Contractor for such Direct Cost item without additional markup. Back-up documentation supporting each cost item for this category shall be provided by DB Contractor and approved by TxDOT in writing prior to any payment authorization being granted.

  • Independence from Material Breach Determination Except as set forth in Section X.D.1.d, these provisions for payment of Stipulated Penalties shall not affect or otherwise set a standard for OIG’s decision that GSK has materially breached this CIA, which decision shall be made at OIG’s discretion and shall be governed by the provisions in Section X.D, below.

  • Retention of Accounting Records Financial records, supporting documents, statistical records, and all other records including electronic storage media pertinent to the Project shall be retained for a period of five (5) years after the close out of the grant. If any litigation or audit is initiated, or claim made, before the expiration of the five-year period, the records shall be retained until the litigation, audit, or claim has been resolved.

  • Indemnification of TIPS XXXXXX AGREES TO INDEMNIFY, HOLD HARMLESS, AND DEFEND TIPS, TIPS MEMBERS, TIPS officers, TIPS Employees, TIPS Directors, and TIPS Trustees (the “TIPS Indemnitees”) from and against all claims and suits by third-parties for damages, injuries to persons (including death), property damages, losses, expenses, fees, including court costs, attorney’s fees, and expert fees, arising out of or relating to Vendor’s performance under this Agreement (including the performance of Vendor’s officers, employees, agents, Authorized Resellers, subcontractors, licensees, or invitees), regardless of the nature of the cause of action, including without limitation causes of action based upon common, constitutional, or statutory law or based in whole or in part upon allegations of negligent or intentional acts or omissions on the part of Vendor, its officers, employees, agents, Authorized Resellers, subcontractors, licensees, or invitees. NO LIMITATION OF LIABILITY FOR DAMAGES FOR PERSONAL INJURY OR PROPERTY DAMAGE ARE PERMITTED OR AGREED TO BY TIPS. Apart from this indemnification provision requiring indemnification of the TIPS Indemnitees’ attorney’s fees as set forth above, recovery of attorneys’ fees by the prevailing party is authorized only if authorized by Xxx. Educ. Code § 44.032(f).

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