7. Article

If the Project Promoter is a private entity and the Focal Point shows that it has and is taking appropriate measures to recover the funds from the Project Promoter, the Financial Mechanism Committee can decide to give the Focal Point up to one year to reimburse the requested funds. In such a case, the Financial Mechanism Committee can also decide to contribute up to 50% of reasonable legal fees related to the recovery of the funds.
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EEA Financial Mechanism 2004-2009 GRANT AGREEMENT between The FINANCIAL MECHANISM COMMITTEE established by Iceland, Liechtenstein and Norway and The Ministry of Finance of the Republic of Latvia for the financing of the "Technical assistance fund for 2006-2011" – Project, 7. Article · AI Martins