FPA Sample Clauses
The FPA (Fixed Price Agreement) clause establishes that the price for goods or services under the contract is set and will not change regardless of actual costs incurred. In practice, this means the seller or contractor assumes the risk of cost overruns, while the buyer benefits from price certainty and budget predictability. This clause is commonly used in construction or procurement contracts to prevent disputes over fluctuating costs and to ensure both parties have a clear understanding of the financial terms from the outset.
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FPA. If the partner breaches any of its obligations under Articles 14.1.2, the specific grant may be reduced (see Article 49 FPA). Such breaches may also lead to any of the other measures described in Section 5 of the Framework Partnership Agreement.]
FPA. Such breaches may also lead to any of the other measures described in Section 5 of Chapter 3 of the Framework Partnership Agreement that are applicable to it.]
FPA. If any obligation under Article 9.
FPA i Please declare all eligible costs, even if they exceed the amounts indicated in the estimated budget (see Annex 2). Only amounts that were declared in your individual financial statements can be taken into account lateron, in order to replace other costs that are found to be ineligible. See Article 5 SGA for the eligibility conditions
FPA. The partners must share the technical reports (see Article 16). The confidentiality obligations in Article 42 FPA apply.]
FPA. The partners must ensure that [the Agency,] the Commission, the European Court of Auditors (ECA) and the European Anti-Fraud Office (OLAF) can exercise their rights under Articles 28 and 29 FPA also towards their subcontractors.
FPA. {final grant amount (see Article 10 of the Framework Partnership Agreement) minus {pre-financing payment (if any) made}}. At the payment of the balance, the amount retained for the Guarantee Fund (see above) will be released and: - if the balance is positive: the amount released will be paid in full to the KIC LE together with the amount due as the balance; - if the balance is negative (payment of the balance taking the form of recovery): it will be deducted from the amount released (see Article 50 FPA). If the resulting amount: - is positive, it will be paid to the KIC LE - is negative, it will be recovered. The amount to be paid may however be offset — without the KIC Partner's consent — against any other amount owed by a KIC Partner to the EIT, up to the maximum EIT contribution indicated, for that KIC Partner, in the estimated budget (see Annex 2).
FPA an explanation of the use of resources and the information on subcontracting (see Article 8) from each partner [and from each affiliated entity], for the reporting period concerned;
FPA. If the request for amendment is accepted by the Agency, the Specific Agreement is amended to introduce the necessary changes (see Article 53 FPA). After termination, the concerned partner’s obligations (in particular Articles 25, 27, 28, 34, 35, 36, 38 FPA and Article 18 SGA) continue to apply
FPA. It is not a “public utility” under the FPA, and does not have any non- passive ownership interests in any entity that owns or controls electricity generation or transmission facilities in the U.S.