Common use of - FINANCIAL PENALTIES Clause in Contracts

- FINANCIAL PENALTIES. By virtue of the Financial Regulation applicable to the general budget of the European Communities, any beneficiary declared to be in grave breach of his obligations shall be liable to financial penalties of between 2% and 10% of the value of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The beneficiary shall be notified in writing of any decision by the Commission to apply such financial penalties.

- FINANCIAL PENALTIES. By virtue of the Financial Regulation applicable to the general budget of the European Communities, any beneficiary one or several of the beneficiaries declared to be in grave breach of his their obligations under the agreement shall be liable to financial penalties of between 2% and 10% of the value of their share of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The beneficiary concerned shall be notified in writing of any decision by the Commission to apply such financial penalties.

- FINANCIAL PENALTIES. II.12.1 By virtue of the Financial Regulation applicable to the general budget General Budget of the European Communities, any beneficiary declared to be in grave breach of his obligations shall be liable to financial penalties of between 2% and 10% of the value of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The beneficiary shall be notified in writing of any decision by the Commission to apply such financial penalties.

- FINANCIAL PENALTIES. II.12.1 By virtue of the Financial Regulation applicable to the general budget General Budget of the European Communities, any beneficiary one or several of the beneficiaries declared to be in grave breach of his their obligations under the agreement shall be liable to financial penalties of between 2% and 10% of the value of their share of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The beneficiary shall be notified in writing of any decision by the Commission to apply such financial penalties.

- FINANCIAL PENALTIES. II.12.1 By virtue of the Financial Regulation applicable to the general budget General Budget of the European CommunitiesUnion, any beneficiary declared to be in grave breach of his obligations shall may be liable subject to financial penalties of between 2% and 10% of the value of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The beneficiary shall be notified in writing of any decision by the Commission to apply such financial penalties.

- FINANCIAL PENALTIES. II.12.1 By virtue of the Financial Regulation applicable to the general budget General Budget of the European CommunitiesUnion, any beneficiary one or several of the beneficiaries declared to be in grave breach of his their obligations shall under the agreement may be liable subject to financial penalties of between 2% and 10% of the value of their share of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The beneficiary shall be notified in writing of any decision by the Commission to apply such financial penalties.

- FINANCIAL PENALTIES. II.12.1 By virtue of the Financial Regulation applicable to the general budget of the European Communities, any beneficiary one or several of the beneficiaries declared to be in grave breach of his their obligations under the agreement shall be liable to financial penalties of between 2% and 10% of the value of their share of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The beneficiary shall be notified in writing of any decision by the Commission to apply such financial penalties.

- FINANCIAL PENALTIES. By virtue of the Financial Regulation applicable to the general budget of the European Communities, any beneficiary declared to be in grave breach of his obligations under the agreement shall be liable to financial penalties of between 2% and 10% of the value of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 2020 % in the event of a repeated breach in the five years following the first. The beneficiary shall be notified in writing of any decision by the Commission to apply such financial penalties.

- FINANCIAL PENALTIES. By virtue of the Financial Regulation applicable to the general budget of the European Communities, any beneficiary declared to be in grave breach of his contractual obligations shall be liable to financial penalties of between 2% and 10% of the value of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The beneficiary shall be notified in writing of any decision by the Commission to apply such financial penalties.

- FINANCIAL PENALTIES. By virtue of the Financial Regulation applicable to the general budget of the European Communities, any beneficiary declared to be in grave breach of his contractual obligations shall be liable to financial penalties of between 2% and 10% of the value of the grant in question, question with due regard for to the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The beneficiary shall be notified in writing of any decision by the Commission to apply such financial penalties.

- FINANCIAL PENALTIES. By virtue of the Financial Regulation applicable to the general budget of the European Communities, any beneficiary declared to be in grave breach of his contractual obligations shall be liable to financial penalties of between 2% and 10% of the value of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The beneficiary partner shall be notified in writing of any decision by the Commission Cedefop to apply such financial penalties.

- FINANCIAL PENALTIES. By virtue of the Financial Regulation applicable to the general budget of the European Communities, any beneficiary one or several of the beneficiaries declared to be in grave breach of his their obligations under the agreement shall be liable to financial penalties of between 2% and 10% of the value of their share of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The beneficiary concerned shall be notified in writing of any decision by the Commission Agency to apply such financial penalties.

- FINANCIAL PENALTIES. By virtue of the Financial Regulation applicable to the general budget of the European CommunitiesUnion, any beneficiary one or several of the beneficiaries declared to be in grave breach of his their obligations under the agreement shall be liable to financial penalties of between 2% and 10% of the value of their share of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five 5 (five) years following the first. The beneficiary concerned shall be notified in writing of any decision by the Commission Agency to apply such financial penalties.

- FINANCIAL PENALTIES. By virtue of the Financial Regulation applicable to the general budget of the European Communities, any beneficiary declared to be in grave breach of his obligations shall be liable to financial penalties of between 2% and 10% of the value of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The beneficiary shall be notified in writing of any decision by the Commission Parliament to apply such financial penalties.

- FINANCIAL PENALTIES. II.12.1 By virtue of the Financial Regulation applicable to the general budget General Budget of the European CommunitiesUnion, any beneficiary one or several of the beneficiaries declared to be in grave breach of his their obligations shall under the Agreement may be liable subject to financial penalties of between 2% and 10% of the value of their share of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The beneficiary shall be notified in writing of any decision by the Commission to apply such financial penalties.

- FINANCIAL PENALTIES. By virtue of the Financial Regulation applicable to the general budget of the European Communities, any beneficiary declared to be in grave breach of his obligations shall be liable to financial penalties of between 2% and 10% of the value of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The beneficiary shall be notified in writing of any decision by the Commission Agency to apply such financial penalties.

- FINANCIAL PENALTIES. By virtue of the Financial Regulation applicable to the general budget of the European CommunitiesUnion, any beneficiary declared to be in grave breach of his obligations shall be liable to financial penalties of between 2% and 10% of the value of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The beneficiary shall be notified in writing of any decision by the Commission to apply such financial penalties.

- FINANCIAL PENALTIES. By virtue of the Financial Regulation applicable to the general budget of the European Communities, any beneficiary one or several of the beneficiaries declared to be in grave breach of his their obligations under the agreement shall be liable to financial penalties of between 22 % and 1010 % of the value of their share of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 44 % and 2020 % in the event of a repeated breach in the five years following the first. The beneficiary concerned shall be notified in writing of any decision by the Commission Executive Agency to apply such financial penalties.

- FINANCIAL PENALTIES. By virtue of the Financial Regulation applicable to the general budget of the European Communities, any beneficiary grantholder declared to be in grave breach of his contractual obligations shall be liable to financial penalties of between 2% and 10% of the value of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The beneficiary shall be notified in writing of any decision by the Commission to apply such financial penalties.

- FINANCIAL PENALTIES. By virtue of the Financial Regulation applicable to the general budget of the European Communities, any beneficiary declared to be in grave breach of his contractual obligations shall be liable to financial penalties of between 2% and 10% of the value of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The beneficiary partner shall be notified in writing of any decision by the Commission ECDC to apply such financial penalties.

- FINANCIAL PENALTIES. By virtue of the Financial Regulation applicable to the general budget of the European Communities, any beneficiary declared to be in grave breach of his obligations shall be liable to financial penalties of between 2% and 10% of the value of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The beneficiary shall be notified in writing of any decision by the Commission Cedefop to apply such financial penalties.

- FINANCIAL PENALTIES. By virtue of the Financial Regulation applicable to the general budget of the European Communities, any beneficiary declared to be in grave breach of his obligations shall be liable to financial penalties of between 2% and 10% of the value of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The beneficiary shall be notified in writing of any decision by the Commission National Agency to apply such financial penalties.

- FINANCIAL PENALTIES. By virtue of the Financial Regulation applicable to the general budget of the European Communities, any beneficiary one or several of the beneficiaries declared to be in grave breach of his their obligations under the grant agreement shall be liable to financial penalties of between 2% and 10% of the value of their share of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The beneficiary concerned shall be notified in writing of any decision by the Commission to apply such financial penalties.

- FINANCIAL PENALTIES. By virtue of the Financial Regulation applicable to the general budget of the European Communities, any beneficiary declared to be in grave breach of his contractual obligations shall be liable to financial penalties of between 2% and 10% of the value of the grant in question, with due regard for the principle of proportionality. This rate may be increased to between 4% and 20% in the event of a repeated breach in the five years following the first. The beneficiary shall be notified in writing of any decision by the Commission Executive Agency to apply such financial penalties.