Examples of Funding Authority in a sentence
The financial contribution of the Funding Authority to the Project shall be distributed by the Coordinator according to: the Consortium Plan the approval of reports by the Funding Authority, and the provisions of payment in Section 7.3. A Party shall be funded only for its tasks carried out in accordance with the Grant Agreement.
Payments to the Parties from the financial contribution of the Funding Authority are the exclusive tasks of the Coordinator.
Any bank fees resulting from the transfer of funds to the Parties from the financial contribution of the Funding Authority shall be borne by the parties which receive these funds, and not by the coordinator.
In accordance with its own usual accounting and management principles and practices, each Party shall be solely responsible for justifying its costs with respect to the Project towards the Funding Authority.
Neither the Coordinator nor any of the other Parties shall be in any way liable or responsible for such justification of costs towards the Funding Authority.