Common use of Contingency Margin Clause in Contracts

Contingency Margin. The mobilisation of the Contingency Margin, or part thereof, shall be proposed by the Commission after a thorough analysis of all other financial possibilities. Such a proposal may be made in relation to a draft budget or draft amending budget. The Contingency Margin may be mobilised by the European Parliament and the Council in the framework of the budgetary procedure ste out in Article 314 TFEU.

Appears in 4 contracts

Sources: Interinstitutional Agreement, Interinstitutional Agreement, Budgetary Agreement