8. Article

If the Intermediary is a private entity and the Focal Point shows that it has and is taking appropriate measures to recover the funds from the Intermediary, 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 from the Intermediary.
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GRANT AGREEMENT between The FINANCIAL MECHANISM COMMITTEE established by Iceland, Liechtenstein and Norway and The Ministry of Finance of the Republic of Latvia, hereinafter referred to as the "Focal Point", representing the Republic of Latvia, hereinafter referred to as the "Beneficiary State" together hereinafter referred to as the "Parties" for the financing of the "Seed Money Facility"" hereinafter referred to as the "Fund", 8. Article · AI Martins