Examples of Grant decision in a sentence
In the event that the (voluntary) termination of the participation of one or more Participants to the Consortium Agreement results in the Project no longer satisfying the conditions set in the Grant Decision or the applicable law (including the PPP Subsidy Regulation) and KWF requires a repayment of all or part of the PPP Subsidy, the Participant(s) who’s termination has resulted herein, shall repay the PPP Subsidy required by KWF under the Grant Decision.
This Consortium Agreement shall enter into force on the Effective Date and shall continue in full force and effect until all obligations undertaken by the Participants under the Grant Decision and under this Consortium Agreement are completed, unless this Consortium Agreement or the participation of one or more Participants is terminated in accordance with the terms of this Consortium Agreement.
Each Participant agrees to take part in the efficient implementation of the Project, in accordance with the Project Application, and to cooperate, perform and fulfil, promptly and on time, all of its obligations under this Consortium Agreement and the Grant Decision as may be reasonably required from it.
In the event that the Project Committee terminates the Participant’s participation to the Consortium Agreement in accordance with Section 3.4.2. or a Participant voluntary terminates its participation pursuant to Section 3.6, the Project Committee may require that Participant repays all payments it has received, except the amount of PPP Subsidy accepted by KWF which shall be repaid by the Participant or the Project Coordinator to KWF in accordance with the Grant Decision.
The Project Coordinator (or the Project Committee in the event that no Project Coordinator is appointed or if the Project Coordinator is subject to a decision of the Project Committee to replace the Project Coordinator, or to declare the Project Coordinator a Defaulting Participant ) is entitled to withhold any payments due to a Participant to be in substantial breach of its obligations under this Consortium Agreement or the Grant Decision.
The consent of KWF to the accession of the [new Participant] becoming a Participant to the Consortium Agreement and the Grant Decision [date] shall be subject to the prior written approval of KWF included in an amended Grant Decision, including a modified Budget.
Subject to such other undertakings as are provided for in this Consortium Agreement, each Participant shall be solely liable for any loss, damage or injury to third parties resulting from the performance (or non-performance) of the said Participant’s obligations by it or on its behalf under this Consortium Agreement, the Grant Decision or from its use of the Background and Foreground.
In the event that the Grant Decision is terminated, the Consortium Agreement may be terminated by the Participants upon mutual written agreement and the prior written approval of KWF.
Name: Position On behalf of Place Date Name Position Annex 1 – Background Annex 2 – Grant Decision Annex 3 – Accession document ACCESSION of a new Participant to [name of the Project] Consortium Agreement [and the Grant Decision], as signed on [date].
In connection with the conditions and reporting requirements as set out in the Grant Decision and with regard to the Foreground as referred to in Section 8.3 below, Participants shall provide the Project Coordinator with financial, scientific and progress reports with regard to the Project.