Examples of PPP Allowance Agreement in a sentence
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 Allowance accepted by Longfonds which shall be repaid by the Participant or the Project Coordinator to Longfonds in accordance with the PPP Allowance Agreement.
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 PPP Allowance Agreement 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.
Longfonds hereby consents to [new Participant] becoming a Participant to the Consortium Agreement and the PPP Allowance Agreement starting [date].
In connection with the conditions and reporting requirements as set out in the PPP Allowance Agreement 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.
Furthermore, in the event that the PPP Allowance Agreement is terminated, the Consortium Agreement may be terminated by the Participants upon mutual written agreement and the prior written approval of Longfonds.
On behalf of On behalf of Place Place Date Date Name Name Position Position On behalf of company On behalf of company Place Place Date Date Name Name Position Position Annex 1 – Background Annex 2 – Accession document ACCESSION of a new Participant to [name of the Project] Consortium Agreement [and the PPP Allowance Agreement], as signed on [date].
Pursuant to the publication obligations set out in Section 5.11 of the PPP Allowance Agreement, the Participants must ensure open access (free of charge, online access for any user) to all scientific publications relating to its Foreground under the Project subject to the conditions hereunder.
The Project Committee is further entitled to declare a Participant a Defaulting Party in the event that Xxxxxxxxx has terminated that Participant’s participation in accordance with Section 9.2 of the PPP Allowance Agreement.
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 PPP Allowance Agreement or the applicable law (including the PPP Allowance Regulation) and Longfonds requires a repayment of all or part of the PPP Allowance, the Participant(s) who’s termination has resulted herein, shall repay the PPP Allowance required by Longfonds under the PPP Allowance Agreement.
The Participants acknowledge and agree that if there is any conflict between the terms of this Consortium Agreement and the PPP Allowance Agreement, the terms of the PPP Allowance Agreement will prevail with regard to the PPP Allowance and the obligations of the Participants towards Longfonds.