Use of the financial contribution and recovery Sample Clauses

Use of the financial contribution and recovery. The Beneficiary commits to a proper use of the funding, for the purposes of carrying out the Project in compliance with the KPIs, in accordance with Annex 2Guidelines for Applicants. If, on the basis of an audit (under Article 11), the EC seeks to recover contributions from the Contractor, of financial contributions made to the Beneficiary under this Contract, due to a misuse of the funding received, the Beneficiary agrees to repay such amounts to the Contractor. The Beneficiary is responsible for any act or omission that causes damage to the Contractor, the Data Provider, and/or the EC in relation to this Contract. If the Beneficiary is a start-up, all its members will be jointly responsible for the damages caused. The Beneficiary shall bear sole responsibility for ensuring that their acts within the framework of this Contract do not infringe third parties rights. Neither the Contractor, the Data Provider, nor the EC can be held liable for any acts or omissions of the Beneficiary in relation to this Contract. There is no joint liability between the Contracting Parties.
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Use of the financial contribution and recovery. The Beneficiary commits to a proper use of the funding, for the purposes of carrying out the Experiment in compliance with its description and KPIs reflected in Annex 1, and in accordance with Annex 2Guidelines for Applicants. If, on the basis of an audit (under Article 11), the EC seeks to recover contributions from the Contractor, of financial contributions made to the Beneficiary under this Contract, due to a misuse of the funding received, the Beneficiary agrees to repay such amounts to the Contractor.

Related to Use of the financial contribution and recovery

  • Financial contribution Methods of payment

  • Defined Contribution Plan The Employer will establish the following Employer contribution programs in the existing salary deferral plans: » Beginning in 2006 and continuing throughout the term of the Agreement, a performance-based contribution

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