Sākums › Likumi › 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. pants

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. pants

Spēkā · redakcija pārbaudīta 2026-05-17

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.