Consortium Budget means the allocation of all the resources in cash or in kind for the activities as defined in Annex I of the Grant Agreement and in the Consortium Plan thereafter.
Consortium Budget means the allocation of all the EU financial contribution for the activities as defined in Annex I of the Grant Agreement and in the Consortium Plan thereafter. Defaulting Party. Defaulting Party means a Party which the Supervisory Board has identified to be in breach of this Consortium Agreement and/or the Grant Agreement as specified in Article 4.2 of this Consortium Agreement.
Consortium Budget means the allocation of all the resources in cash or in kind for the activities as defined in Annex I of the Grant Agreement and in the Consortium Plan thereafter. The Consortium Budget comprises the total resources needed to execute the Project. This is more than the eligible costs and the European Community financial contribution. Insight in the costs of the total resources of the Project helps to manage the Consortium in the most effective way. The Consortium Budget should be organised according to the tasks and deliverables as scheduled in the Consortium Plan. These tasks and deliverables normally will be reviewed at least every six months by the Executive Board; most tasks however will have a longer time span than these six months. In order to arrive at a practical organisation, it makes sense to partitionate the Consortium Budget in six months parts (making this a management cycle). An inherent part of the Consortium Budget needs to be a detailed payment scheme where, according to decisions made, the payments will be scheduled: in time, to tasks and to Parties.
Examples of Consortium Budget in a sentence
The financial contribution of the Union to the Project shall be distributed by the Coordinator according to: - the Consortium Budget as included in the Consortium Plan - the approval of reports by the European Commission, and - the provisions of payment in Article 7.3. A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan.
The Consortium Budget shall be valued in accordance with the usual accounting and management principles and practices of the respective Parties.
A Party which spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only.
A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.
More Definitions of Consortium Budget
Consortium Budget means the respective Project Shares and the distribution of the Community funding as it will be agreed by the Parties from time to time;
Consortium Budget. Consortium Budget means the allocation of all the resources in cash or in kind for the activities as defined in Annex I of the The Consortium Budget comprises the total resources needed to execute the Project. This is more than the European Community Grant Agreement and in the Consortium Plan thereafter. contribution. Insight in the total costs of the Project, helps to manage the Consortium in the most effective way. The Consortium Budget should be organised according to the tasks and deliverables as scheduled in the Consortium Plan. These tasks and deliverables normally will be reviewed at least every six months by the Executive Board; most tasks however will have a longer time span than this six months. In order to arrive at a practical organisation, it makes sense to partitionate the Consortium Budget in six months parts. An inherent part of the Consortium Budget needs to be a detailed payment scheme where ,according to decisions made, the advanced payments will be scheduled: in time, to tasks and to Parties.
Consortium Budget. Consortium Budget means the allocation of the EU financial contribu- tion for the activities as defined in Annex I of the Grant Agreement and in the Consortium Plan thereafter. Clinical Database” The Clinical Database to be delivered under the Clinical Trial shall be the property of the sponsor (the coordinator) and the development of this Clinical Database shall be the Foreground jointly owned by the Par- ties that have developed it. Clinical Trial on human beings is any investigation on human subjects intended to investigate or verify the clinical or pharmacological effects of medicinal products, or to identify side-effects or to study the absorp-tion, distribu- Consortium Agreement – CULPRIT-SHOCK Version 1.0 – 2013/06/13 tion, metabolisation or excretion, with the aim of ascertain-ing the safe- ty or efficacy of the medicinal product
Consortium Budget means the allocation of all the resources in cash or in kind for the activities as
Consortium Budget means the allocation of the EU financial contribution for the activities as defined in Annex I of the Grant Agreement and in the Consortium Plan thereafter.
Consortium Budget. Consortium Budget refers to the allocation of all the resources in cash or in kind for the activities as defined in Annex I of the Grant Agreement, including any modifications approved by the Project’s General Assembly. “Defaulting Party” Defaulting Party is a Party which the General Assembly has identified to be in breach of this Consortium Agreement and/or the Grant Agreement as specified in Article 4.2 of this Consortium Agreement. "Effective Date" Effective Date means either the date of signature of the Consortium Agreement by all the Parties or the Start date of the Grant Agreement whichever is the earliest. “Guarantee Fund” Guarantee Fund is the mechanism established in order to manage the risk associated with non recovery of sums due to the Community by beneficiaries of grant agreements under FP7, as described in Article II.20 of the Grant Agreement.
Consortium Budget means the allocation of all the Community Financial Contribution for the Project activities as defined in Annex I of the Grant Agreement.