Common use of TRACEABILITY OF FINANCIAL FLOWS Clause in Contracts

TRACEABILITY OF FINANCIAL FLOWS. (a) If a public tender is awarded to one of the Parties (“aggiudicazione di procedura ad evidenza pubblica”), pursuant to Article 3 of Italian Law 136/2010 as amended from time to time, the Parties assume all the obligations of financial flows’ traceability, otherwise this agreement will be considered as null and void. (b) The Parties also undertake to notice the contracting authority and the competent “prefettura- ufficio territoriale” about any non-fulfilment of the obligations mentioned under letter (a) above. Date