- 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.
Appears in 5 contracts
Samples: Framework Partnership Agreement, Framework Partnership Agreement, data.consilium.europa.eu
- FINANCIAL PENALTIES. II.13.1 By virtue of the Financial Regulation applicable to the General Budget 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. 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 partner shall be notified in writing of any decision by ECDC to apply such financial penalties.
Appears in 1 contract
Samples: Framework Partnership Agreement
- FINANCIAL PENALTIES. II.13.1 By virtue of the Financial Regulation applicable to the General Budget of the European CommunitiesUnion, 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.
Appears in 1 contract
Samples: Framework Agreement
- 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.
Appears in 1 contract
Samples: Framework Agreement
