Intermediate Body Clause Samples

The 'Intermediate Body' clause defines the role and responsibilities of an entity or individual that acts as a mediator or conduit between two or more parties in a contractual arrangement. Typically, this clause outlines the scope of authority, duties, and limitations of the intermediate body, such as facilitating communication, transferring documents, or managing certain aspects of the transaction without being a principal party. By clearly delineating the functions and boundaries of the intermediate body, the clause helps prevent misunderstandings and ensures that all parties are aware of the intermediary's role, thereby promoting transparency and efficient coordination.
Intermediate Body. No Intermediate Body for the Swiss-Bulgarian Cooperation Programme is envisaged.
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Intermediate Body. Intermediate Body means any legal public or private entity which acts under the responsibility of the NCU or which carries out duties on behalf of the NCU with regard to Executing Agencies implementing Projects. The main tasks of the Intermediate Bodies are to: - Call for and collect Project proposals, review compliance with the requirements for Project proposals (Chapter 2) and assess the quality of applications submitted; - Submit Project proposals with appraisal reports to the NCU; - Implement tender processes or delegate this task to an Executing Agency; - Supervise and steer the implementation of Projects in accordance with the Project Agreements and the Implementation Agreements, and carry out the necessary controls; - Check the invoices received from the Executing Agencies, verify the authenticity and correctness of submitted documents as well as the eligibility of costs on payment claims; - Certify invoices and submit certified invoices to the NCU; - Report to the NCU on the progress of Project implementation; - Check for irregularities and report them to the NCU; - Ensure storing of all relevant documents related to Projects implemented within the Lithuanian-Swiss Cooperation Programme for 10 years after the completion of Projects.
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Intermediate Body. Intermediate Body means any legal public or private entity which acts under the responsibility of the NCU or which carries out duties on behalf of the NCU with regard to Executing Agencies implementing Projects. The main tasks of the Intermediate Bodies are to: - Call for and collect Project proposals, review compliance with the requirements for Project proposals (Chapter 2) and assess the quality of applications submitted; - Submit Project proposals with appraisal reports to the NCU; - Supervise and steer the implementation of Projects in accordance with the Project Agreements and Implementation Agreements, and carry out the necessary controls; - Check and verify the eligibility of expenses incurred in the Projects in line with the Project Agreements and Implementation Agreements and verify the sufficiency of documentation; - Report to the NCU on the progress of Project implementation; - Identify irregularities and report them to the NCU immediately; - Ensure storing of all relevant documents related to Projects implemented within the Swiss-Slovak Cooperation Programme for 10 years after the completion of Projects.
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Intermediate Body. Intermediate Body means any legal public or private entity appointed by the NCU which acts under the responsibility of the NCU or which carries out duties on behalf of the NCU with regard to Executing Agencies implementing Projects. The main tasks of the Intermediate Bodies are to: - Call for and collect Project proposals, review compliance with the requirements for Project proposals (cf. 1) and assess the quality of applications submitted in consultations with line ministries; - Submit Project proposals with appraisal reports to the NCU; - Supervise and steer the implementation of Projects in accordance with the Project Agreements and the Implementation Agreements, and carry out the necessary controls; - Ensure that there is no double-financing of any part of the Project by any other source of funds and report to the NCU; - Verify in each Project if the value added tax (VAT) can be recovered by the Executing Agency and to inform the NCU accordingly in the form of a declaration by the applicant as part of the Project documentation; - Confirm compliance with state aid rules and report to the NCU; - Check the invoices or the documents of equivalent value received from the Executing Agencies, verify the authenticity and correctness of submitted documents as well as the eligibility of costs on payment claims and report to the NCU; - Certify invoices or the documents of equivalent value and submit certified invoices or documents of equivalent value to the NCU or to the Paying Authority; - Submit payment claims to the Paying Authority and certify their conformity and legality; - Report to the NCU on the progress of Project implementation; - Submit all audit reports of the financed Projects to the NCU; - Check for irregularities and report them to the NCU; - Ensure storage of all relevant documents related to Projects implemented within the Swiss-Bulgarian Cooperation Programme for 10 years after the completion of Projects; - Agree to write with the Executing Agencies justified amendments to the implementation of agreed Projects within the limits defined in the respective Project Agreements; - Monitor the achievement of objectives and results; - Ensure the promotion of and information about the Swiss-Bulgarian Cooperation Programme and the Projects.
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Related to Intermediate Body

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