REDUCTION OF THE GRANT Sample Clauses

REDUCTION OF THE GRANT. Conditions The Commiss ion may - after termination of the participation of a beneficiary, at the payment of the balance or afterwards - reduce the grant amount (see Article 5.1), if: a beneficiary (or a natural person who has the power to representor take decis ions on its behalf) has committed: substantial e rrors, irregularities or fraud or serious breach of obligatio ns under the Agreement or during the award procedure (including improper implementation ofthe action, submiss io n offalse information, failure to provide required information, breach of ethical principles) or a benefici ary (or a naturaI person who has the power to represent or take decision on its behalf) has committed - in other EU or Euratom grants awarded to it under similar conditions - systemic or recurrent errors, irreg ula ritie s, fraud or serious breach of obligations that have a material impact on this grant (extension of findings from other grants to this grant; see Artic le 2 2.5.2). Associated with document Ref Ares(2016)5773705- 05/10/2016 Amount to be reduced - Calculation - Procedure The amount of the reduction will be proportionate to the seriousness of the errors, irregularities or fraud or breach of obligations. Before reduction of the grant, the Commission will formally notify a 'pre-information letter ' to the coordinator or beneficiary concerned: informing it of its intention to reduce the grant, the amount it intends to reduce and the reasons why and inviting it to submit observations within 30 days of receiving notification
Sample 1
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Related to REDUCTION OF THE GRANT

  • Payment of the Grant 8.1 The Commonwealth agrees to pay the Grant to the Grantee in accordance with the Grant Details.

  • Timing of the Grant 5.1 Payments will be made in accordance with Schedule 2, to be paid within 21 working days.

  • Nature of the Grant In signing this Agreement, the Participant acknowledges that:

  • Purpose of the Grant I.1.1 The Commission has decided to award a grant, under the terms and conditions set out in the Special Conditions, the General Conditions and the Annexes to the agreement, which the beneficiary hereby declares that he has taken note of and accepts, for the action entitled […] ("the action").

  • REDUCTION OF STAFF Involuntary transfers to reduce staff may be made at the end of the school year based upon enrollment estimates and during the year based upon actual enrollments. The supervisor shall determine the level (TK-3, 4-6), the subject area, or program to be reduced. Elementary site administrators shall poll their staffs as to qualifications for an interest in changing levels.

  • Modification of Services Credit Union reserves the right to modify the Service from time to time without making prior notice to Member, provided, however, that Credit Union will give you at least thirty (30) days notice prior to making any modifications to the Service that would materially alter their functionality.

  • Spending the Grant 9.1 The Grantee agrees to spend the Grant for the purpose of undertaking the Activity only.

  • Discontinuance of Service 7.1 The procedures for discontinuing service to an End User are as follows:

  • Elimination of Series At any time that there are no Shares outstanding of a Series (or class), the Trustees may abolish such Series (or class).

  • Acceleration of Loan On the service of a notice under paragraph (a)(ii) of Clause 19.2, the Loan, all accrued interest and all other amounts accrued or owing from the Borrower or any Security Party under this Agreement and every other Finance Document shall become immediately due and payable or, as the case may be, payable on demand.

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