Common use of Consequence of non-compliance Clause in Contracts

Consequence of non-compliance. If a Consortium beneficiary or a Third Party Beneficiary breaches any of its obligations under the Call, the grant may be reduced and the Agreement or participation may be terminated. Such breaches may also lead to any of the other measures such as rejection of ineligible costs, reduction of the grant, recovery of undue amounts and potential administrative and financial penalties, opening of an infringement (legal) procedure.

Appears in 1 contract

Sources: Financial Agreement

Consequence of non-compliance. If a Consortium beneficiary beneficiary or a Third Party Beneficiary Beneficiary breaches any of its obligations under the Call, the grant may be reduced and the Agreement or participation may be terminated. Such breaches may also lead to any of the other measures such as rejection of ineligible costs, reduction of the grant, recovery of undue amounts and potential administrative and financial financial penalties, opening of an infringement (legal) procedure.

Appears in 1 contract

Sources: Financial Agreement