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Lead Beneficiary definition

Lead Beneficiary means the beneficiary designated by all beneficiaries participating in a given operation and representing the partnership towards the Managing Authority;
Lead Beneficiary refers to organisation responsible for implementation of project and, which is a signatory to this Contract. The term “beneficiaries” refers collectively to all the beneficiaries of the Project, including the Lead Beneficiary.
Lead Beneficiary means the main beneficiary and participant in the project;

Examples of Lead Beneficiary in a sentence

  • The Lead Beneficiary is also responsible for the proper reporting of progress during project implementation to the Joint Secretariat as stipulated in the Subsidy contract.

  • The exchange rate risk is borne by the Lead Beneficiary or Beneficiary concerned.

  • The Partnership agreement is valid from the date of signature by all Parties and enters into force from the day the Subsidy contract between the Managing Authority and the Lead Beneficiary enters into force.

  • The Beneficiary in question has to repay the requested EU contribution together with the interests chargeable to the Lead Beneficiary.

  • The Lead Beneficiary shall inform the Joint Secretariat and the Managing Authority as soon as changes in the Project partnership are foreseeable.

  • Therefore, in order to provide adequate information on the progress of the Project, each Beneficiary has to submit a Beneficiary report to the Lead Beneficiary consisting of an activity report describing the activities carried out with their outputs and results during the reporting period and a financial report presenting the financial progress of the Project part compared to the Application form/Subsidy contract.

  • The Lead Beneficiary can only submit an Application for Reimbursement to the Joint Secretariat by providing proof of progress of the Project.

  • The activities of the Project partners as well as the role of the Lead Beneficiary and of each Beneficiary in the Project are described in the Application form and in the Subsidy contract.

  • The Lead Beneficiary is responsible for the overall co-ordination and effective implementation of the Project and shall take all the steps needed to correctly manage the Project in accordance with the Application form and the Subsidy contract and in line with the Subsidy contract and the Partnership agreement.

  • The Beneficiary has to respect the deadline given by the Managing Authority to the Lead Beneficiary for the repayment of the EU contribution.


More Definitions of Lead Beneficiary

Lead Beneficiary the project partner who takes the overall responsibility for the submission and the implementation of the entire Operation, as well as the responsibility for the financial management (hereinafter referred to as LB);
Lead Beneficiary the Lead Beneficiary is designated by the Project Participants and assumes full legal and financial responsibility for ensuring implementation of the entire project. . The Lead Beneficiary is also responsible for the proper reporting of progress during project implementation to the Joint Technical Secretariat as stipulated in the Grant Contract. Beneficiary: an actor that commits itself to functionally and financially implement a project part of the Project according to the Grant Application Form as approved by the Joint Monitoring Committee.
Lead Beneficiary means: lead beneficiary as referred to in Article 13 of Regulation (EU) No 1299/2013 Programme means the Interreg North Sea Region Programme Programme Authorities means the Managing Authority, Joint Secretariat, Certifying Authority and/or Audit Authority Programme Manual means the latest published version of the programme manual Project Beneficiaries means the project beneficiaries named in the approved application, including the Lead Beneficiary Project Management Group means the group composed by the Work Package leaders responsible for the follow up and regular reviews of the project on work package level Project Steering Group means the group composed by all Beneficiaries responsible for the monitoring and ensuring compliance of the project against the subsidy contract, and cross-cutting issues of strategy, coordination and administration Project means: J-No: 38-2-20-17, CATCH: water sensitive Cities: the Answer To CHallenges of extreme weather events, as described in the approved application Subsidy is the maximum ERDF/ERDF equivalent co-financing allocated to the project in accordance with the approved application J-No: 38-2-20-17, CATCH: water sensitive Cities: the Answer To CHallenges of extreme weather events
Lead Beneficiary means: lead beneficiary as referred to in Article 13 of Regulation (EU) No 1299/2013 Programme means the Interreg North Sea Region Programme Programme Authorities means the Managing Authority, Joint Secretariat, Certifying Authority and/or Audit Authority Programme Manual means the latest published version of the programme manual
Lead Beneficiary means Neath Port Talbot County Borough Council.

Related to Lead Beneficiary

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • Refund beneficiary means an individual nominated by a qualified participant or a former qualified participant under section 66 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 67.

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • primary beneficiary means the individual for whose primary benefit the trust is then held.

  • Beneficiary means each designated person, or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive, determined according to Article 4.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Former Spouse means the individual who is considered by Applicable Laws to be the Annuitant’s former spouse or common-law partner;

  • Qualified Beneficiaries has the meaning set forth in Section 4.12.

  • Beneficiary(ies means the beneficiary(ies) designated by the Participant who are entitled to receive any distributions from the Plan payable upon the death of the Participant.

  • Contingent Beneficiary is the person that becomes the Beneficiary if the named Beneficiary dies prior to the Income Date.

  • Surviving beneficiary or “surviving descendant” means a beneficiary or a descendant who did not predecease the decedent and is not considered to have predeceased the decedent under section 2702.

  • land reform beneficiary , in relation to a property, means a person who -

  • Spouse means, an individual who,

  • Vested Benefits means amounts which are vested or which Executive is otherwise entitled to receive under the terms of or in accordance with any plan, policy, practice or program of, or any contract or agreement with, the Company or any of its subsidiaries, at or subsequent to the date of his termination without regard to the performance by Executive of further services or the resolution of a contingency.

  • Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development, except as further described in Rule 67-21.0025, F.A.C.

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.

  • Initial Beneficiary means ALF LLC, as initial beneficiary under the Titling Trust Agreement and its permitted successors and assigns.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Remainder beneficiary means a person entitled to receive principal when an income interest ends.

  • Beneficiary Designation Form means the form established from time to time by the Plan Administrator that the Executive completes, signs and returns to the Plan Administrator to designate one or more Beneficiaries.

  • Representative payee means an individual, agency, or institution selected by a court or the Social Security Administration to receive and manage benefits on behalf of another person.

  • Beneficiary designation means the naming in a governing instrument of a beneficiary of an insurance or annuity policy, of an account with POD designation, of a security registered in beneficiary form (TOD), of a pension, profit-sharing, retirement, or similar benefit plan, or of another nonprobate transfer at death.

  • Distributee means an Employee or former Employee. In addition, the Employee's or former Employee's surviving spouse and the Employee's spouse or former spouse who is the alternate payee under a Qualified Domestic Relations Order are considered Distributees with regard to the interest of the spouse or former spouse.

  • Disability benefit recipient means a member who is receiving a disability benefit.