UKRI HORIZON EUROPE FUNDING GUARANTEE: GRANT TERMS AND CONDITIONS

In the event that the Auditor determines that the Recipient should repay Grant to UKRI, UKRI reserves the right to recover the cost of the Auditor’s work as well as the relevant portion of the Grant. [...] 13.3 In the event that the Grant (or any part of it) is found to be a subsidy pursuant to the Subsidy Rules, UKRI may take one or more of the following actions pursuant to clause 7: (a) suspend payment of the Grant; (b) withdraw future payments of the Grant to the Recipient; (c) require the repayment of the Grant by the Recipient; and/or (d) terminate the Grant Offer Letter with immediate effect. [...] In the event that the parties are unable to resolve the matter, UKRI has the right to: (a) unilaterally terminate the Grant Offer Letter and to seek repayment of all or part of the Grant paid to the Recipient; or (b) to refer the matter to the London Court of International Arbitration (LCIA), whose decision will be binding. [...] 13.3 In the event that the Grant (or any part of it) is found to be a subsidy pursuant to the Subsidy Rules, UKRI may take one or more of the following actions pursuant to clause 7: (a) suspend payment of the Grant; (b) withdraw future payments of the Grant to the Recipient; (c) require the repayment of the Grant by the Recipient; and/or (d) terminate the Grant Offer Letter with immediate effect. [...] In the event that the parties are unable to resolve the matter, UKRI has the right to: (a) unilaterally terminate the Grant Offer Letter and to seek repayment of all or part of the Grant paid to the Recipient; or (b) to refer the matter to the London Court of International Arbitration (LCIA), whose decision will be binding.