Award of subsidy Sample Clauses

Award of subsidy. 1. In accordance with the decision of the Monitoring Committee, dated ………….. an earmarked subsidy is awarded to the LP from the European Regional Development Fund (hereinafter: ERDF) and from the Instrument for Pre-Accession Assistance (hereinafter: IPA) under the Danube Transnational Programme for the implementation of the project. 2. The co-financing rates for the contribution from the EU Funds (ERDF and IPA) per project partners are set in the approved Application Form. The co-financing rates for the EU Funds per partners cannot exceed 85%. 3. The maximum amount of EU Funds awarded for the project cannot be exceeded. 4. Should the total eligible costs after the completion of the project be lower than the budgeted amount, the abovementioned EU Funds awarded under the Danube Transnational Programme will be correspondingly lower. 5. Reimbursement of the EU Funds is under condition that the programme designation process as provided for in Article 123 of the Regulation EC No 1303/2013 is fulfilled. In case of observations and/or reservations during the designation audit, delays in the said procedure, the MA/JS have the right to temporarily withhold payments. 6. In addition to Article 1(5), reimbursement of the IPA contribution is under condition that the Financing Agreement is signed with the Partner State concerned. As soon as the Financing Agreement is signed the MA/JS informs the LP of the availability of the IPA contribution. 7. The MA/JS may decide to suspend the reimbursement of the contribution from the EU Funds if the compliance of the management and control system is not ensured, or system errors are detected within the audits. If the provisions of the IPA Financing Agreements are not respected by the Partner States concerned, the MA/JS may decide to suspend the IPA Contribution. The LP shall be informed on the suspension and also on the end of this suspension. 8. If the European Commission fails to make the Funds available due to reasons that are outside the sphere of influence of the programme, the MA/JS will be entitled to withdraw from this contract. In such a case, any claim by the LP or by the PPs against the MA/JS for whatever reasons is excluded.

Award of subsidy. 1. With this Contract the MA shall award subsidy to finance the project ……….. [title] selected by the Monitoring Committee on dd/mm/yyyy [with certain conditions]. The fulfilment of conditions has been subsequently checked by the MA/Monitoring Committee on [dd/mm/yyyy]. The selection of the project is based on the criteria set out in the Quality Assessment Methodology approved by the Monitoring Committee on [dd/mm/yyyy]. 2. On the basis of this Contract, an earmarked subsidy at the most [xxx] Euros of the approved total budget of [xxx] Euros is awarded by the MA to the LP organisation of the project from the ERDF Funds of the Programme. 3. The subsidy is further limited to [applicable percentage] of the total actually incurred eligible costs of the project. 4. The maximum amount of subsidy referred to in Article 2.2 of this Contract may not be increased. Approved ERDF contribution xx% (max ERDF co-financing rate) Max amount [xxx xxx xxx Euro] National Public contribution xx% [xxx xxx xxx Euro] National Private contribution xx% [xxx xxx xxx Euro] TOTAL FUNDING xx% [xxx xxx xxx Euro] NET REVENUE xx% [xxx xxx xxx Euro] TOTAL NET FUNDING xx% [xxx xxx xxx Euro] The project budget is the sum of the total amount of co-financing coming from partners in the participating Member States and the total amount awarded from the ERDF. The LP must implement the project according to the Contract and make and report on the project expenditure in the project progress reports based on the project disbursement schedule (see Annex 1). If the LP fails to make and report project expenditure according to the project disbursement schedule, which results in under-spending of the funds by 60% or more of the first year budget, the MA is entitled to reduce the budget of the project or end subsidy payments. The amount of the ERDF will be paid on the basis of the validated total eligible expenditure only. 5. On the basis of this Contract the programme grants/does not grant state aid and de minimis aid to the LP and PP(s). Name of the project partner State aid regulation and article State aid amount and ERDF co-financing rate De minimis aid regulation De minimis aid amount and ERDF co-financing rate 6. On the basis of this Contract the LP ensures that LP and PP(s) are aware that they may grant indirect de minimis aid. In this case the LP and PPs collect data from the receivers of indirect aid, who participate in the programme events, and send this information with each project report to th...

Award of subsidy. 1. In accordance with the decision of the Monitoring Committee, dated […], a subsidy is awarded to the partnership (represented by the lead partner) from the EU funding under the Interreg VI-A IPA Hungary Serbia Programme for the implementation of the project No. [project ID] with the acronym [acronym], entitled [project title] (hereinafter referred to as the Project). 2. Maximum EU contribution awarded: […] EUR say: Total project budget: (including lead partner and the other partners) […] EUR say: 3. As a general rule, the EU co-financing rate per partner (including the lead partner) cannot exceed 85 per cent of the total eligible expenditures. The EU contribution and the EU co-financing rates per partners (including the lead partner) are set in Xxxxx XX of the Contract (i.e. in the finalised Project Form). It is the responsibility of each partner2, including the lead partner, to finance the own contribution of their respective project parts. 4. The maximum amount of EU contribution awarded for the Project and contained in Article 1.1 above cannot be exceeded without a corresponding decision of the Monitoring Committee and the modification of this Subsidy Contract. 5. Should the total eligible costs after the completion of the Project be lower than the budgeted amount, the above-mentioned EU contribution awarded under the Programme will be correspondingly reduced according to the EU co-financing rates per partners as set in Annex II. 6. For receiving the payment of EU contribution from the certifying authority and for the transfers of EU contribution to the partners, the lead partner shall open a separate EUR bank account exclusively for the Project. The EU contribution will be transferred in EUR to the following separate project bank account indicated by the lead partner: SWIFT code Name of bank Address of bank 7. The lead partner has to officially notify the Joint Secretariat in written form in case of a change of the separate project bank account within 15 calendar days or with the submission of the Application for Reimbursement at the latest. With the LP’s notification the bank account will be modified and the modification of this Contract is not necessary. In case the lead partner fails to 2 In case the partner receives EU contribution. properly inform the Joint Secretariat on the details of its separate bank account, all consequences, including those of financial nature, shall be borne by the lead partner. 8. Payment of the EU contribution is under ...

Award of subsidy. The purpose of the Contract is to award a subsidy, by the MA, for the implementation of the project entitled „…………………“, hereinafter referred to as “operation”, according to the decision of the Joint Monitoring Committee (JMC) on the ...

Award of subsidy. The object of this contract is the award of ERDF financing by the MA for the implementation of the ...

Award of subsidy. 1) The purpose of the Contract is to award a subsidy, by the MA, for the implementation of the operation entitled „..

Award of subsidy. 1. Based on the application form of the LP in its latest version and the supplementing/amending documents in their latest version (altogether hereinafter referred to as “application documents”) and in accordance with the decision of the Monitoring Committee of the ADRION programme (hereinafter referred to as MC), dated 17 July 2019 and its possible amendments, an earmarked subsidy is awarded to the LP for the implementation of the Project Number – Title - Acronym from the funds of the ADRION programme. Grant rate of the EU contribution: 85% The grant rate of the funding is calculated dividing the maximum funding awarded by the total approved budget. 2. The maximum amount of ERDF/IPA II contribution as approved by the MC cannot be exceeded. 3. Should the total eligible costs after the completion of the project be lower than the budgeted amount, the abovementioned EU funding awarded by the ADRION programme shall be lowered correspondingly. 4. Disbursement of the EU funding is subject to the availability of funding from initial and annual pre- financing and interim payments in accordance with art. 132 of Regulation (EU) No 1303/2013. In case of system errors detected within audits, the MA has the right to temporarily withhold payments to the project. Payment suspension(s) shall be lifted as soon as observations and/or reservations raised by the relevant bodies have been withdrawn. 5. Reimbursement of the IPA II funding is based on the signature of the Financing Agreement between the Partner State(s) where the IPA PP(s) is located, the European Commission and the MA. 6. If the European Commission fails to make the funds available due to reasons that are outside the sphere of influence of the programme, the MA via the JS shall be entitled to withdraw from this contract and any claim by the LP or the project partners (hereinafter referred to as PPs) against the MA for whatever reason is excluded. Disbursement of the subsidy is subject to the condition that the European Commission makes the funds available to the extent described in art. 2.1 and that all applicable EU, programme and national rules are observed by the partnership. In case of non-availability of funds, the MA cannot be deemed responsible for late or missing payments. 7. Disbursement of the subsidy is subject to the condition that the present contract is signed by both parties and that the LP acknowledges the MA via the JS about the signature of the Partnership Agreement by the LP and all PPs. 8. In...

Award of subsidy. 1. In accordance with the decision of the Joint Monitoring and Steering Committee, dated 28 April 2010, an earmarked subsidy is awarded to the Lead Beneficiary from the Community funding under the Hungary-Serbia IPA Cross-border Cooperation Programme for the implementation of the project No ‘Application ID’ with the acronym ‘Acronym’, entitled ‘Project title’ (hereinafter referred to as the Project). Total project budget: 0,00 EUR say: Maximum Community contribution awarded: 0,00 EUR say: Amount of advance from the Community contribution awarded 0,00 EUR say: Only if applicable: Note, that certain amount of the subsidy to be received for the implementation of the project qualifies as ‘De minimis aid’, as detailed in Annex IV. 2. The Community co-financing rates per Project Partners are set in Annex I (Application Form, Sources of Funding) of the present Contract. As a general rule, the Community co-financing rates per Project Partners cannot exceed 85 % of the eligible expenditures. 3. The maximum amount of Community contribution awarded for the Project cannot be exceeded. 4. Should the total eligible costs after the completion of the Project be lower than the budgeted amount, the abovementioned Community contribution awarded will be correspondingly reduced according to the Community co-financing rates per Project Partners set in Annex I (Application Form, Sources of Funding). 5. Reimbursement of the Community contribution is under the condition that the European Commission makes the funds available to the above-described extent. 6. If the European Commission fails to make the funds available or if the Memorandum of Understanding signed by the Participating Countries is no longer in force, the Managing Authority will be entitled to withdraw from the present Contract.

Award of subsidy. 1. The purpose of the present Subsidy Contract for the EU Contribution (hereafter: Contract) is to award a subsidy for the implementation of the project entitled [Project Title] according to the decision of the Joint Monitoring Committee on [date]. 2. The Contract is signed between the Managing Authority of the Programme and the Lead Beneficiary of the Project. 3. The Lead Beneficiary will be awarded the funding on the basis of the provisions of the Contract and its Annexes. The Lead Beneficiary declares that it has noted and accepted the provisions of the Contract in its entirety. 4. The EU contribution is awarded solely and exclusively for the implementation of the Project as it is described in the Application Form attached to the present Contract as Annex I (hereafter Annex I). The Lead Beneficiary accepts the EU contribution and takes responsibility for implementation of the project as described in Xxxxx X.

Award of subsidy. (1) Based on the application documents (application form and partnership agreement) and in accordance with the approval decision and recommendations of the programme committee (PC) dated Click here to enter text., an earmarked subsidy is awarded to the LP and ERDF-LP from the European Regional Development Fund (ERDF) under the following conditions. The subsidy is granted in the maximum amount of (2) The subsidy is granted under the condition that the Land of Salzburg is designated as managing authority. The award of the subsidy from ERDF funds is limited to the amount mentioned in paragraph (1). Furthermore, it is limited to a maximum of 85% of the total eligible costs of the project. The ERDF co-financing amount decreases proportionally if the reported eligible costs are lower than the amount planned in the ultimate approved version of the project application form (AF). (3) Should it become evident and the ERDF-LP confirm to the MA that the project will not spend the maximum amount of ERDF co-financing awarded by the PC, the MA may decide to reduce the subsidy accordingly.