Examples of Project Contribution in a sentence
Project Contribution to Articles under the Convention on Biological DiversityArticle No./TitleProject%Article Description6.
Any payment of a Project Contribution made by or on behalf of a Participant after the due date therefor shall be accompanied by interest calculated as provided in this Section 3.05, and any such payment received by IID after the due date shall, as necessary, be allocated between the Project Contribution and the intereste due thereon calculated as provided herein.
Notwithstanding any other provision of this Agreement, in no event shall any Participant be required to make any Project Contribution after the cumulative total of Project Contributions made by or on behalf of that Participant equals PS(i) TB x ----- x 1.2 100% where TB is the Total Budget as of the date of this Agreement and PS(i) is the Project Share of that Participant.
The amount of any such remittance shall not be deemed a Project Contribution.
Upon the payment of any Project Contribution by or on behalf of a Participant after the fifteen (15) day cure period with respect thereto has expired, IID shall promptly refund to every other Participant an amount equal to the total of any Project Contributions which it made as a result of the failure of such Project Contribution to be made by the end of the fifteen (15) day cure period, plus interest calculated as provided herein.