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1.
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The
Participants agree, in order that the overall financial envelope of the
programme referred to in article 5, paragraph 3 of the present Arrangement
may be revised in the event of changes in price levels, to apply the
procedure in force in the Organisation at that time.
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2.
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If the
overall financial envelope needs to be revised for reasons other than changes
in price levels, the following provisions shall apply:
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a.
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If the
cumulative overruns of estimated costs to completion do not exceed 20% of the
amount of the overall financial envelope of the programme, no Participant
shall be entitled to withdraw from the programme and the Programme Board
shall decide on the additional expenditure by a two-thirds majority;
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b.
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If the
cumulative overruns of estimated costs to completion exceed 20% of the amount
of the overall financial envelope, the Participants who so wish may withdraw
from the programme subject to the provisions of article 17. Those
Participants that wish to continue the programme shall consult among themselves
and determine the arrangements for such continuation. They shall report
accordingly to the Council of the Organisation which will take any necessary
decision.
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