Subsidy contract definition

Subsidy contract means a contract by the State, approved by the issuing officers, providing a subsidy to a health facilities corporation.

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Subsidy contract means a contract concluded between the Managing Authority and the lead beneficiary for an approved project constituting the legally binding agreement between the project and the Cooperation Programme, also confirming the final commitment of the financial contribution of the ENI and of the financial contribution of the Russian Federation to a given project and setting out the obligations and rights of the contracting parties, including the specific requirements concerning the products or services to be delivered under the project, its financing plan, and the time-limit for its execution;

Subsidy contract means a written agreement to be entered into between the Borrower and a Beneficiary, setting forth the terms and conditions under which a subsidy shall be provided by the Borrower to the Beneficiary;

Examples of Subsidy contract in a sentence

• 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.

• 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.

• Being aware of the fact that all changes in the Project partnership need an approval of the Monitoring Committee and that the Managing Authority is entitled to withdraw from the Subsidy contract if the number of Beneficiaries falls below the minimum number of partners, the Project partners agree not to abandon the Project unless there are unavoidable reasons for it.

• 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 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 Project partners take into account all rules and obligations as set out in the Subsidy contract and its annexes.

• This termination has to be decided by consensus by all the other Project partners in a documented manner, provided that the eligibility rules of the Call for proposals are kept with the remaining Project partners and that the consequently initiated amendment of the Subsidy contract is successful at 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 Application form as approved by the Monitoring Committee and the Subsidy contract (with all its provisions) signed by all signatories are to be regarded as integral parts of this Agreement, therefore their content and the obligations set by the above-mentioned documents have to be fully respected by the Parties.

• The Joint Secretariat and the Managing Authority shall be promptly informed of such an intended decision by the Lead Beneficiary and the change in the partnership has to be approved according to the provisions set out in the Subsidy contract.