Examples of Funding Authority in a sentence
The Parties have submitted a proposal for the Action to the KDT Joint Undertaking as the Funding Authority underHorizon Europe.
In the event that any of the Parties requests to withdraw its participation in the Action, the General Assembly shall decide the appropriate course of action, which may include without limitation: reallocation of the requesting Party's work and contribution in order that the aims and objectives of the Action can still be met after the proposed withdrawal, and submitting details of it to the Funding Authority; or the drafting of a restructured Action Plan and submitting it to the Funding Authority.
Consequently, this Project Consortium Agreement (“PCA”) is based upon the COUNCIL REGULATION (EU) No 2021/695, and the Grant Agreement (“GA”) and its Annexes entered into between the Funding Authority on the one hand and the Parties hereto on the other hand, and is made on [Action start date / other agreed date], (hereinafter referred to as the “Effective Date”).
The Parties wish to specify or supplement binding commitments among themselves in addition to the provisions of the Rules and of the specific Grant Agreement to be signed by the Parties and the Funding Authority.