Common use of THE LEAD AUTHORITY Clause in Contracts

THE LEAD AUTHORITY. 5.1 The Lead Authority shall be responsible for ensuring the financial propriety of the Contract. Any dispute will be referred to Dispute Resolution under clause 18 of this Agreement. 5.2 The Lead Authority shall exercise reasonable care skill and due diligence in the performance of its obligations under this Agreement 5.3 The Lead Authority shall make and account for all payments including VAT (if applicable) made in respect of the Contract and the Parties shall pay all contributions due from them plus any VAT within 28 days of a written demand from the Lead Authority. 5.4 Should the Lead Authority terminate its participation in the Project for any reason then the Project Board shall approve the appointment of a successor Lead Authority prior to the end of the period of notice of withdrawal to be given by the Lead Authority under Clause 15 of this Agreement