Examples of Granting authority in a sentence
The Coordinator is equally entitled to withhold payments to a Party when this is suggested by or agreed with the Granting Authority.
Each Party is entitled to its Lump Sum Contribution as approved by the Granting Authority after completion of the respective work package.
For work packages not completed at the end of the Project, the Coordinator distributes to each Party only the share of Lump Sum Contribution as approved by the Granting Authority at final payment.
Considering the form of the grant awarded by the Granting Authority (lump sum), a Party declared as a Defaulting Party in accordance with the appropriate provisions of Section 4.2 and Section 4.3 of this Consortium Agreement shall be liable to any other Party involved in the affected work package(s) for the entire loss of their lump sum share in said work package(s) or for the reduction of their lump sum share in said work package(s), resulting from the Defaulting Party’s breach.
Costs accepted by the Granting Authority will be paid to the Party concerned.