PPP Allowance definition
Examples of PPP Allowance in a sentence
The Participants agree to act in accordance with the applicable laws and regulations, and in particular to adhere to the terms and conditions of the PPP Allowance Regulation as applicable.
For the avoidance of doubt, any amendment of the Agreement without the prior written consent of Stichting LSH-TKI is null and void, if and to the extent that the PPP Allowance Agreement is still in effect.
The Project Coordinator shall undertake to keep the PPP Allowance for the Project separated from its normal business accounts, its own assets and property.
Each Participant agrees to take part in the efficient implementation of the Project, in accordance with the Project Application, and to cooperate, perform and fulfil, promptly and on time, all of its obligations under this Consortium Agreement and the PPP Allowance Agreement as may be reasonably required from it.
Subject to such other undertakings as are provided for in this Consortium Agreement, each Participant shall be solely liable for any loss, damage or injury to third parties resulting from the performance (or non-performance) of the said Participant’s obligations by it or on its behalf under this Consortium Agreement, the PPP Allowance Agreement or from its use of the Background and Foreground.
Words beginning with a capital letter shall have the meaning defined either herein or in the PPP Allowance Agreement.
This Consortium Agreement shall enter into force on the Effective Date and shall continue in full force and effect until all obligations undertaken by the Participants under the PPP Allowance Agreement and under this Consortium Agreement are completed, unless this Consortium Agreement or the participation of one or more Participants is terminated in accordance with the terms of this Consortium Agreement.
In connection with the conditions and reporting requirements as set out in the PPP Allowance Agreement and with regard to the Foreground as referred to in Section 8.3 below, Participants shall provide the Project Coordinator with financial, scientific and progress reports with regard to the Project.
Pursuant to the publication obligations set out in Section 5.11 of the PPP Allowance Agreement, the Participants must ensure open access (free of charge, online access for any user) to all scientific publications relating to its Foreground under the Project subject to the conditions hereunder.
The Project Coordinator (or the Project Committee in the event that no Project Coordinator is appointed or if the Project Coordinator is subject to a decision of the Project Committee to replace the Project Coordinator, or to declare the Project Coordinator a Defaulting Participant ) is entitled to withhold any payments due to a Participant to be in substantial breach of its obligations under this Consortium Agreement or the PPP Allowance Agreement.