Lead Beneficiary definition

Lead Beneficiary means the beneficiary designated by all beneficiaries participating in a given operation and representing the partnership towards the Managing Authority;
Lead Beneficiary refers to organisation responsible for implementation of project and, which is a signatory to this Contract. The term “beneficiaries” refers collectively to all the beneficiaries of the Project, including the Lead Beneficiary.
Lead Beneficiary the project partner who takes the overall responsibility for the submission and the implementation of the entire Operation, as well as the responsibility for the financial management (hereinafter referred to as LB);

Examples of Lead Beneficiary in a sentence

  • The activities of the Project partners as well as the role of the Lead Beneficiary and of each Beneficiary in the Project are described in the Application form and in the Subsidy contract.

  • The Partnership agreement is valid from the date of signature by all Parties and enters into force from the day the Subsidy contract between the Managing Authority and the Lead Beneficiary enters into force.

  • Therefore, in order to provide adequate information on the progress of the Project, each Beneficiary has to submit a Beneficiary report to the Lead Beneficiary consisting of an activity report describing the activities carried out with their outputs and results during the reporting period and a financial report presenting the financial progress of the Project part compared to the Application form/Subsidy contract.

  • The Lead Beneficiary submits to the JTS the signed Partnership Agreement with its beneficiaries.

  • The Lead Beneficiary is also responsible for the proper reporting of progress during project implementation to the Joint Secretariat as stipulated in the Subsidy contract.

  • The Lead Beneficiary is responsible for the overall co-ordination and effective implementation of the Project and shall take all the steps needed to correctly manage the Project in accordance with the Application form and the Subsidy contract and in line with the Subsidy contract and the Partnership agreement.

  • The Lead Beneficiary can only submit an Application for Reimbursement to the Joint Secretariat by providing proof of progress of the Project.

  • If the Managing Authority should – based on the provisions of the Subsidy contract – request the repayment of EU contribution from the Lead Beneficiary, the latter shall call upon the Beneficiary that had caused the irregularity resulting in the repayment of the EU contribution unduly paid according to the request of the Managing Authority.

  • It shall remain in force until the Lead Beneficiary has discharged in full its obligations arising from the Subsidy contract towards the Managing Authority, including the period of availability of documents for financial controls.

  • The Lead Beneficiary solely assumes responsibility for the entire Project towards the Managing Authority as defined in the Subsidy contract.


More Definitions of Lead Beneficiary

Lead Beneficiary means: lead beneficiary as referred to in Article 13 of Regulation (EU) No 1299/2013 Programme means the Interreg North Sea Region Programme Programme Authorities means the Managing Authority, Joint Secretariat, Certifying Authority and/or Audit Authority Programme Manual means the latest published version of the programme manual
Lead Beneficiary means the main beneficiary and participant in the project;
Lead Beneficiary means: lead beneficiary as referred to in Article 13 of Regulation (EU) No 1299/2013 Programme means the Interreg North Sea Region Programme Programme Authorities means the Managing Authority, Joint Secretariat, Certifying Authority and/or Audit Authority Programme Manual means the latest published version of the programme manual Project Beneficiaries means the project beneficiaries named in the approved application, including the Lead Beneficiary Project Management Group means the group composed by the Work Package leaders responsible for the follow up and regular reviews of the project on work package level Project Steering Group means the group composed by all Beneficiaries responsible for the monitoring and ensuring compliance of the project against the subsidy contract, and cross-cutting issues of strategy, coordination and administration Project means: J-No: 38-2-20-17, CATCH: water sensitive Cities: the Answer To CHallenges of extreme weather events, as described in the approved application Co-beneficiary Subsidy is the maximum ERDF/ERDF equivalent co-financing allocated to the project in accordance with the approved application J-No: 38-2-20-17, CATCH: water sensitive Cities: the Answer To CHallenges of extreme weather events Having regard to: Article 13(2) of Regulation (EU) no 1299/2013 of the European Parliament and of the Council of 17 December 2013, on the European Territorial Cooperation goal, The programme manual section “project partnership agreement”, whereupon beneficiaries in a project funded under the Interreg North Sea Region Programme have to conclude an agreement concerning their mutual financial and legal responsibilities, including the functions and responsibilities of the lead beneficiary, The subsidy contract signed between the managing authority and the lead beneficiary, section F5. For the implementation of the Interreg North Sea Region project J-No: 38-2-20-17, CATCH: water sensitive Cities: the Answer To CHallenges of extreme weather events, approved by the Steering Committee – on 8 June 2017, the following agreement shall be made between the beneficiaries in the project.
Lead Beneficiary the Lead Beneficiary is designated by the Project Participants and assumes full legal and financial responsibility for ensuring implementation of the entire project. . The Lead Beneficiary is also responsible for the proper reporting of progress during project implementation to the Joint Technical Secretariat as stipulated in the Grant Contract. Beneficiary: an actor that commits itself to functionally and financially implement a project part of the Project according to the Grant Application Form as approved by the Joint Monitoring Committee.
Lead Beneficiary means Neath Port Talbot County Borough Council.

Related to Lead Beneficiary

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • Refund beneficiary means an individual nominated by a qualified participant or a former qualified participant under section 66 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 67.

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • primary beneficiary means the individual for whose primary benefit the trust is then held. For purposes of Section 8.3, a Qualified Entity is a member of each Family Group to which such one or more Qualified Trusts that are its equity holders belong.

  • Beneficiary means each designated person, or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive, determined according to Article 4.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Former Spouse means the individual who is considered by Applicable Laws to be the Annuitant’s former spouse or common-law partner;

  • Qualified Beneficiaries has the meaning set forth in Section 4.12.

  • Beneficiary(ies means the beneficiary(ies) designated by the Participant who are entitled to receive any distributions from the Plan payable upon the death of the Participant.

  • Contingent Beneficiary is the person that becomes the Beneficiary if the named Beneficiary dies prior to the Income Date.

  • Successor of a beneficiary means a person who succeeds to substantially all of the rights of a beneficiary by operation of law, including a corporation with or into which the beneficiary has been merged or consolidated, an administrator, executor, personal representative, trustee in bankruptcy, debtor in possession, liquidator, and receiver.

  • Surviving beneficiary or "surviving descendant" means a beneficiary or a descendant who did not predecease the decedent and is not considered to have predeceased the decedent under section 2702.

  • land reform beneficiary , in relation to a property, means a person who -

  • Spouse means, an individual who,

  • Vested Benefits means amounts that are vested or that Executive is otherwise entitled to receive, without the performance by Executive of further services or the resolution of a contingency, under the terms of or in accordance with any investment and savings plan or retirement plan (including any plan providing retiree medical benefits) of the Company or its affiliates, and any ERPs or ESPs related thereto, and any deferred compensation or employee stock purchase plan or similar plan or program of the Company or its affiliates.

  • Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development, except as further described in Rule 67-21.0025, F.A.C.

  • Beneficiary form means a registration of a security which indicates the present owner of the security and the intention of the owner regarding the person who will become the owner of the security upon the death of the owner.

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.

  • Initial Beneficiary means ALF LLC, as initial beneficiary under the Titling Trust Agreement and its permitted successors and assigns.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Remainder beneficiary means a person entitled to receive principal when an income interest ends.

  • Beneficiary Designation Form means the form established from time to time by the Plan Administrator that the Executive completes, signs, and returns to the Plan Administrator to designate one or more Beneficiaries.

  • Representative payee means an individual, agency, or institution selected by a court or the Social Security Administration to receive and manage benefits on behalf of another person.

  • Beneficiary designation means the naming in a governing instrument of a beneficiary of an insurance or annuity policy, of an account with POD designation, of a security registered in beneficiary form (TOD), of a pension, profit-sharing, retirement, or similar benefit plan, or of another nonprobate transfer at death.