Common use of Action starting date Clause in Contracts

Action starting date. The action starting date is fixed in the Data Sheet of the Grant Agreement. It is usually the first day of the month following the GA signature. But the parties can also agree to a fixed starting date (if justified during grant preparation, e.g. conference that must take place on a specific date). The fixed starting date should normally be in the future (after GA signature), but you can also choose an earlier date (retroactive) if agreed with the granting authority. Be however aware that starting dates far in the future (e.g. 2-3 months after the GA signature) will have an impact on the timing of your prefinancing payment and will delay it. Conversely, retroactive starting dates bear the risk that the grant might in the end not be signed. The action starting date can normally NOT be before the submission of the proposal, unless the Programme Regulation allows this or in cases of emergency, e.g. for humanitarian aid and civil protection.

Action starting date. The action starting date is fixed in the Data Sheet of the Grant Agreement. It is usually the first day of the month following the GA signature. But the parties can also agree to a fixed starting date (if justified during grant preparation, e.g. conference that must take place on a specific date). The fixed starting date should normally be in the future (after GA signature), but you can also choose an earlier date (retroactive) if agreed with the granting authority. Be however aware that starting dates far in the future (e.g. 2-3 months after the GA signature) will have an impact on the timing of your prefinancing payment and will might delay it. Conversely, retroactive by starting dates bear the action before signing the GA without prior consultation with the grant authority, you risk that the grant might in the end agreement will not be signed, and no costs will be eligible. The action starting date can normally NOT be before the submission of the proposal, unless the Programme Regulation allows this or in cases of emergency, e.g. for humanitarian aid and civil protection.