Industry Contribution definition
Examples of Industry Contribution in a sentence
Industry Contribution The total contribution of the Industry Party to the Project, including the Fees plus the monetary equivalent of any in-kind contributions as set out in Schedule 2.
The Industry Party hereby consents to information relating to the Project being reported to Government-related Bodies providing that any such information shall be kept to the minimum required and shall, except for the name of the Industry Party, the amount of the Industry Contribution, and a non-confidential project title, be marked “confidential” to the extent it comprises Confidential Information.
The Industry Contribution is exclusive of value added tax (if applicable) which, subject to the provision of a valid value added tax invoice, shall be paid by the Industry Party in addition.
The Industry Contribution Fund and the Commuting (Travel) Contribution Fund shall be administered exclusively by the Association Trustees.
The Industry Party wishes to collaborate with the RUN-EU RPO’s (Lead and Partner(s)) in respect of the Project and has agreed to provide the Industry Contribution in respect of the Project in each case upon the terms and subject to the conditions of this Agreement.
It is agreed that the fair market rate shall not exceed the value of the Industry Contribution made by the Industry Party at the date of the assignment to the extent that the Industry Party has not previously received a credit to the full value of that contribution and provided that this does not give rise to an unlawful state aid (within the meaning of Articles 107 to 109 of the Treaty on the Functioning of the European Union).
Any such licence shall be in consideration of the performance by the Industry Party of its obligations under this Agreement and subject to the Industry Contribution made by the Industry Party being in excess of the relevant minimum contribution level as set by the State Research Funding Organisation and being made in full.
The Industry Contribution shall be administered exclusively by the Association.
The Industry Party wishes to collaborate with the RPO in respect of the Project and has agreed to provide the Industry Contribution in respect of the Project in each case upon the terms and subject to the conditions of this Agreement.
VAT will be chargeable on the total Industry Contribution at the relevant prevailing rate.