Common use of Unspent Contributions Clause in Contracts

Unspent Contributions. In the event that project contributions are not completely spent following the closing of a project's accounts, the remaining funds can might be reimbursed to the contributing project participants proportional to their payment if the Management Board decides positively on this. FMC Agreement No. 201288-002No.201288-003 A. Admission as an Active Member or Participant 1. An application for admission as an Active Member or Participant shall be directed in writing to the Supervisory Board and be submitted together with the application fee and applicable dues. When the application is complete, the Supervisory Board shall make a recommendation regarding the application to the GA. All applications are subject to approval of the GA. The Active Members and Participants hereby agree that upon prior to approval by the GA, this Agreement shall be amended to add the applicant as an Active Member or Regulated Participant, as appropriate.

Unspent Contributions. In the event that project contributions are not completely spent following the closing of a project's accounts, the remaining funds can might be reimbursed to the contributing project participants proportional to their payment if the Management Board decides positively on this. FMC Agreement No. 201288-002No.201288-003payment. A. Admission as an Active Member or Participant 1. An application for admission as an Active Member or Participant shall be directed in writing to the Supervisory Board and be submitted together with the application fee and applicable dues. When the application is complete, the Supervisory Board shall make a recommendation regarding the application to the GA. All applications are subject to approval of the GA. The Active Members and Participants hereby agree that upon prior to approval by the GA, this Agreement shall be amended to add the applicant as an Active Member or Regulated Participant, as appropriate.