What is double ceiling rule?

Under the double-ceiling approach, the requirement that the enrichment be at the claimant's expense is directed also to a second question. It concerns not only title to sue, but also the measure of restitution available.

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Financial Support Agreement - Guaranty of Obligation

Financial Support Agreement With Eu

Category:

Guaranty - Contracts

State:

Multi-State

Control #:

US-02968BG

Format:

Instant download

Description

The Financial Support Agreement with EU is a legal document designed to outline the obligations and conditions under which a Guarantor agrees to provide financial backing to a Company. This agreement details the Guaranty Fee, which is set as a percentage of the outstanding balance and is payable semi-annually. Notably, the Guarantor has the right to adjust the Guaranty Fee based on the Company's credit rating. Key elements include specific payment instructions, conditions for late payment fees, and indemnification clauses protecting the Guarantor. Additionally, the document emphasizes the need for clear communication through written notices and includes provisions for the return of documents post-termination of obligations. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants in structuring financial agreements, ensuring compliance, and managing risk. The form allows legal professionals to establish clearly defined financial support arrangements and ensures that all parties are aware of their responsibilities, making it a vital tool for corporate finance and legal practices.

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How to fill out Financial Support Agreement - Guaranty Of Obligation?

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FAQ

How to apply?Find a suitable call.Find your partners (where applicable)Register to EU Funding and Tenders Portal.Write your application.Convince the evaluators.Where to get help?

A grant is a financial donation awarded by the contracting authority to the grant beneficiary. It is funded by the EU general budget or the European Development Fund (EDF). There are two main types of grants: An action grant funds a specific action intended to help achieve one of our policy objectives.

Under the double-ceiling approach, the requirement that the enrichment be at the claimant's expense is directed also to a second question. It concerns not only title to sue, but also the measure of restitution available.

The EU provides funding for a broad range of projects and programmes covering various areas, from education, research, employment, regional development to the environment, humanitarian aid, agriculture, and the marine, among many others.

Over 76 % of the EU budget is managed by national and regional authorities. This includes the Structural Funds and agricultural subsidies. Third countries and international organisations (e.g. the Red Cross, UN) manage 2 %. Roughly 22 % are centrally managed programmes (e.g. research, education, health, youth actions).