Common use of - FINANCIAL PENALTIES Clause in Contracts

- FINANCIAL PENALTIES. 1. A beneficiary that has been guilty of making false declarations or has been found to have seriously failed to meet its obligations under this grant agreement shall be liable to financial penalties of between 2% and 10% of the value of the financial contribution of the Union received by that beneficiary. The rate may be increased to between 4% and 20% in the event of a repeated offence within five years following the first infringement.

- FINANCIAL PENALTIES. 1. A beneficiary that has been guilty of making false declarations or has been found to have seriously failed to meet its obligations under this grant agreement shall be liable to financial penalties of between 2% and 10% of the value of the JU financial contribution of the Union received by that beneficiary. The rate may be increased to between 4% and 20% in the event of a repeated offence within five years following the first infringement.

- FINANCIAL PENALTIES. 1. A beneficiary Beneficiary that has been guilty of making false declarations or has been found to have seriously failed to meet its obligations under this grant agreement Grant Agreement shall be liable to financial penalties of between 2% and 10% of the value of the financial contribution of the Union BONUS EEIG received by that beneficiaryBeneficiary. The rate may be increased to between 4% and 20% in the event of a repeated offence within five years following the first infringement.

- FINANCIAL PENALTIES. 1. A beneficiary that has been guilty of making false declarations or has been found to have seriously failed to meet its obligations under this grant agreement shall be liable to financial penalties of between 2% and 10% of the value of the Community financial contribution of the Union received by that beneficiary. The rate may be increased to between 4% and 20% in the event of a repeated offence within five years following the first infringement.

- FINANCIAL PENALTIES. 1. A beneficiary that has been guilty of making made false declarations or has been found to have seriously failed to meet its obligations under this grant agreement shall be liable to financial penalties of between 2% and 10% of the value of the Joint Undertaking's financial contribution of the Union received by that beneficiary. The rate may be increased to between 4% and 20% in the event of a repeated offence within five years following the first infringement.

- FINANCIAL PENALTIES. 1. A beneficiary that has been guilty of making false declarations or has been found to have seriously failed to meet its obligations under this grant agreement shall be liable to financial penalties of between 2% and 10% of the value of the financial contribution of [the Union Union] [Euratom] received by that beneficiary. The rate may be increased to between 4% and 20% in the event of a repeated offence within five years following the first infringement.

- FINANCIAL PENALTIES. 1. A beneficiary that has been guilty of making false declarations or has been found to have seriously failed to meet its obligations under this grant agreement shall be liable to financial penalties of between 2% and 10% of the value of the FCH JU financial contribution of the Union received by that beneficiary. The rate may be increased to between 4% and 20% in the event of a repeated offence within five years following the first infringement.