Linked Third Party definition

Linked Third Party means a Spin-Off Company incorporated within the Project Term, which is allowed to declare and charge the incurred costs. The Beneficiary Institution shall not hold more than 50% of the share capital for the Spin-off Company to be considered as a Linked Third Party. For the purposes provided in these Rules of Participation, the Linked Third Party may include third parties as shareholders. For the purposes of this definition, and for the sake of clarity, a Spin-off Company shall cease to be considered as a Linked Third Party on the day of the end of the Project Term.
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Linked Third Party means an Affiliated entity or Third party with a legal link to a Beneficiary.
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Linked Third Party means a legal Entity that is listed in Attachment 3 to this Consortium Agreement, that has a legal link to a participant implying collaboration not limited to the Action. It is identified in the Grant Agreement, and it abides by the rules applicable to the participant under the Grant Agreement with regard to eligibility of costs and control of expenditure. Beneficiaries shall retain responsibility towards the Commission or the relevant funding body and towards the other beneficiaries for the work carried out by Linked Third Party, unless joint and several liability with the participant (beneficiary) for the Union contribution corresponding to the amount declared by the Linked Third Party is required by the Commission or the relevant funding body.
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Examples of Linked Third Party in a sentence

  • Apart from the exceptions listed below, the [Partner] [Linked Third Party] provided the Auditor all the documentation and accounting information needed by the Auditor to carry out the requested Procedures and evaluate the Findings.

  • The Auditor’s Report must state that there is no conflict of interests in establishing this Report between the Auditor and the Partner [and the Linked Third Party], and must specify - if the service is invoiced - the total fee paid to the Auditor for providing the Report.

  • This Report relates only to the Financial Statement(s) submitted to the [Commission] [Agency] by the [Partner] [Linked Third Party] for the Agreement.

  • The Report may not be used by the [Partner] [Linked Third Party] or by the [Commission] [Agency] for any other purpose, nor may it be distributed to any other parties.

  • If this certificate relates to a Linked Third Party, any reference here below to ‘the Partner’ is to be considered as a reference to ‘the Linked Third Party’.

  • The [Partner] [Linked Third Party]:  must draw up the Financial Statement(s) for the action financed by the Agreement in compliance with the obligations under the Agreement.

  • There was no conflict of interest4 between the Auditor and the Partner [and Linked Third Party] in establishing this Report.

  • It was prepared solely for the confidential use of the [Partner] [Linked Third Party] and the [Commission] [Agency], and only to be submitted to the [Commission] [Agency] in connection with the requirements set out in Article 16 of the Specific Agreement.

  • This Report relates only to the Financial Statement(s) submitted to the EIT by the [KIC Partner] [Linked Third Party] for the Agreement.

  • If this certificate relates to a Linked Third Party, any reference here below to ‘the KIC Partner’ is to be considered as a reference to ‘the Linked Third Party’.


More Definitions of Linked Third Party

Linked Third Party. (TP) means an entity with an administrative and/or financial legal link with a Party. TPs are entitled to directly receive EC funding.
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