- FINANCIAL PENALTIES. By virtue of the Financial Regulation applicable to the general budget of the European Communities, any beneficiary declared to be in grave breach of his obligations shall be liable to financial penalties of between 2% and 10% of the value of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The beneficiary shall be notified in writing of any decision by the Commission to apply such financial penalties.
- FINANCIAL PENALTIES. 1. A beneficiary that has been guilty of making false declarations or has been found to have seriously failed to meet its obligations under this grant agreement shall be liable to financial penalties of between 2% and 10% of the value of the financial contribution of the Union received by that beneficiary. The rate may be increased to between 4% and 20% in the event of a repeated offence within five years following the first infringement.
- FINANCIAL PENALTIES. Errors committed by the Contractor that result in the inappropriate disbursement of HAP/UAP monies cannot be collected through the Authority’s standard accounting practices to recapture inappropriately disbursed monies directly from the participant and/or landlord of record. Therefore, if the Authority determines that a file is out of compliance with the requirements for the administration of the Program and the result is the inappropriate disbursement of HAP/UAP monies due to errors committed by the Contractor, financial penalties may be assigned to the Contractor by the Authority. If the Contractor was not assigned to the voucher file for the duration of the period of non- compliance, financial penalties will only be charged for the time period when the Contractor was responsible for the voucher file after any applicable grace period provided by the Authority due to the transfer of the voucher file. The Contractor will be given proper notice of the error including the amount of the financial penalty to be assessed.
- FINANCIAL PENALTIES. The Owner acknowledges that financial penalties apply for breaches of the MTOFSA.
- FINANCIAL PENALTIES. II.13.1 By virtue of the Financial Regulation applicable to the General Budget of the European Communities, any partner declared to be in grave breach of his contractual obligations shall be liable to financial penalties of between 2% and 10% of the value of the grant in question.
- FINANCIAL PENALTIES. By virtue of the Financial Regulation applicable to the Agency, any partner declared to be in grave breach of his obligations shall be liable to financial penalties of between 2% and 10% of the value of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The consortium shall be notified in writing of any decision by the Agency to apply such financial penalties.
- FINANCIAL PENALTIES. Any beneficiary declared to be in grave breach of his obligations shall be liable to financial penalties of between 2% and 10% of the value of the grant in question, with due regard for the principle of proportionality.
- FINANCIAL PENALTIES. Financial penalties imposed upon ChildNet by the Department due to Network Provider’s noncompliance, nonperformance or unacceptable performance shall be transferred to the Network Provider. Additionally, ChildNet shall require its Network Providers to submit Corrective Action Plans for noncompliance, nonperformance or unacceptable performance of services. Failure to implement or to make acceptable progress on such corrective action plans may result in additional penalties.
- FINANCIAL PENALTIES. II.12.1 By virtue of the Financial Regulation applicable to the General Budget of the European Union, any one or several beneficiaries declared to be in grave breach of their obligations under the agreement shall be liable to financial penalties of between 2% and 10% of the value of their share of the grant in question, with due regard for the principle of proportionality.
- FINANCIAL PENALTIES. 21.1 The Council reserves the right to introduce a financial penalties system to supplement the existing penalty points system at some point during the period of the DPS. If introduced, the financial penalties system will be appended to Schedule 2B.
