Budget and Payments Sample Clauses

Budget and Payments. 1. The budget of the Project shall be specified in its Annex 2 which forms an integral part of the Agreement. The Implementing Partner shall assume financial responsibility for the execution of this budget. 2. The OSCE shall finance the Project for an amount not exceeding EURO [amount], which shall be paid in three (3) instalments: (a) A first instalment of EURO [amount], equivalent to 40% (forty percent) of the budget of the Project, shall be paid within [e.g. seven (7)] calendar days upon signature of the Agreement; (b) A second instalment not exceeding EURO [amount], equivalent to 40% (forty percent) of the budget of the Project, shall be paid within [e.g. thirty (30)] calendar days upon approval by the OSCE Programme Manager of the Interim Financial Report submitted by the Implementing Partner; and (c) A final instalment not exceeding EURO [amount], representing the balance of the budget of the Project, shall be paid within [e.g. thirty (30) calendar days] of approval by the OSCE Programme Manager of the Final Narrative Report and Final Financial Report submitted by the Implementing Partner, in accordance with Article 7.1. 3. Notwithstanding the foregoing, the Agreement does not create any obligation whatsoever for the OSCE to pay the second or subsequent instalments in the event that the OSCE budget has not been approved or has not been approved in good time to ensure the uninterrupted implementation of the Project. It also does not oblige the OSCE to sign any further agreements or make any further contributions or commitments. 4. The payments shall be transferred to the following bank account: Account holder: Bank name: Bank identification number/SWIFT: Account number: The Implementing Partner shall acknowledge receipt of each payment within seven (7) calendar days of receipt. 5. In the Agreement, all amounts are based on the OSCE’s official exchange rate of [local currency in which payments will be made (symbol)] to the euro (€) as at [applicable date]. All decreases in the value of the euro as measured by this exchange rate [optional, which are more than [threshold expressed as a percentage and/or euro threshold] in value] will result in an automatic and proportional decrease in the amounts and any related payments in [local currency (symbol)].

Budget and Payments. 8.1. The Budget shows the Total Cost of the Project (“TCP”). The TCP shall not be adjusted without the prior Approval of the Center. 8.2. The Center shall reimburse the Grant Recipient the sum shown in Schedule Three, which represents a maximum of fifty percent of the TCP. The Parties agree that the Grant Recipient‘s contribution shall be the remaining percentage of the TCP. The Center shall not be liable to the Grant Recipient for any additional sums in respect of the Project. The Grant Recipient shall provide the financial contribution together with the in-kind contribution shown in Schedule Three. The Grant Recipient agrees and certifies that the in-kind contribution has been valued at a realistic and fair market value. 8.3. The Grant Recipient shall apply the Center’s contribution to the TCP solely to the Project in accordance with the Grant. 8.4. For the purposes of the Grant, the risk or benefit of any fluctuation in the exchange rate of the USD$ with any other currency shall rest with the Grant Recipient. Provided that, in the event of any extreme fluctuation between the USD$ and any other currency by reference to the exchange rate pertaining at the Effective Date which has or is likely to have a significant effect on the Project funding, then if the Center requires it the Parties shall endeavor to negotiate in good faith an adjustment to the Budget. 8.5. All changes in Budget line items greater than the financial limits shown in Schedule Three shall require the prior Approval of the Center. 8.6. If Schedule Three refers to an advance payment by the Center to the Grant Recipient that advance payment shall be paid to the Grant Recipient upon the fulfillment of the pre- conditions listed in Clause 25. The Center does not expect to authorize any advanced payments. 8.7. Thereafter periodic payments shall be made to the Grant Recipient in accordance with the payment schedule set out in Schedule Three. Where such payments are conditional on the successful accomplishment of milestones, then no payment will be made until that milestone has been achieved to the satisfaction of the Center. 8.8. The final payment of the Center contribution is detailed in Schedule Three. It shall be paid to the Grant Recipient within 30 days of the issue by the Center of a Completion Certificate in accordance with Clause 9. 8.9. If Schedule Three provides for air travel in connection with the Project, the Center will reimburse the Grant Recipient for economy class air travel on...

Budget and Payments. BASIS FOR REIMBURSEMENT: COUNTY shall pay CLINIC at the following rates for 34 tobacco cessation services and medications provided to Tobacco Cessation Patients; provided, however, 35 that the total of all payments to all Tobacco Cessation Clinics does not exceed the Aggregate Tobacco 36 Cessation Services Maximum Obligation as specified on Page 3 of this Agreement. 37 //

Budget and Payments. 1. Depending on the agreement made with the employer, each user is offered a PME and a personal budget for purchasing services from the vitality programme. The user's personal balance consists of the budget made available by their employer, accrued savings and amounts deposited by the user directly into the account of SmartVitaal. 2. On the SmartVitaal platform, prices (including VAT) are listed in the personalised vitality programme, with the exception of insured care. If the user decides to purchase a product or service through the platform, the respective amount will be deducted from the user's personal balance. 3. If the user's personal balance is insufficient to purchase the product or service, the user will be given the opportunity to increase their personal balance via a bank transfer before the actual conclusion of the Vitaal Agreement. 4. The prices are determined by the Vitalents. SmartVitaal cannot guarantee the stability of these prices. Vitalents are allowed to offer short-lasting promotions on the platform, with the exception of insured care. From time to time, SmartVitaal will perform price comparisons between the various Vitalents and market prices to determine whether the offer is in line with the market.

Budget and Payments. Financial implementation of the project shall be done solely by the Lead partner as per the project budget annexed to grant contract.

Budget and Payments. 5 A. BASIS FOR REIMBURSEMENT: COUNTY shall pay Contracting Clinics at the following 6 rates per visit; provided, however, that the total of all payments to all Contracting Clinics does not

Budget and Payments. 6.1 ECMLCo shall use reasonable endeavours to operate the Services during the Services Period in accordance with the Budget. 6.2 Schedule 2 shall have effect for the purpose of determining the Fixed Service Payments to be made by ECMLCo to the Secretary of State during the Service Period.

Budget and Payments. The Contractor will be paid according to the payment schedule set out in the agreed Call Down Contracts and in accordance with the provisions of the Agreement. The Contractor’s fees shall be inclusive of VAT and any other applicable taxes that may be levied. Payment shall be made in accordance with Clauses C and D of Attachment A: Terms and Conditions. The Contractor must provide supporting documents for all costs and expenses being claimed, which must be reasonably incurred and eligible to be recovered from Pegasys. If in doubt as to whether an expense is recoverable, the Contractor should consult with Pegasys in advance of incurring the expense.

Budget and Payments. 1. The maximum Erasmus+ grant contribution towards expenditure incurred by the Parties participating in the programme shall be € 370.733,00. 2. Full details of the estimated budget breakdown per Party and budget category, are given in Annex 3 of this Partnership Agreement (hereinafter “the Budget”). 3. Halfway through the Project period the Coordinator shall be entitled to reconsider the Budget and furthermore to suggest to the Partnership a reallocation of the financial contribution , in case of unused funds which could be of use elsewhere in the Project. 4. The final financial contribution shall depend on the evaluation of the quality of the results of the Project pursuant to the rules laid down at Community level, particularly in Annex 4_III – Financial and Contractual Rules, but shall, under no circumstances, give rise to a profit. 5. The grant paid to the Partner by the Coordinator may in no circumstances exceed the maximum amount of the Partner’s Budget. 6. Payment to the Partners by the Coordinator for work completed shall be made according to the following schedule: a. a pre-financing of 40% of the grant within 60 days after the signing of this Contract; b. another 40% of the grant within 60 days after the Coordinator has received the second instalment from the Agency and provided that the Partner produces eligible and full supporting documentation of project expenditures of at least 70% of the first installment received. In case of missing or incomplete documentation, the Coordinator reserves the right not to distribute the funds; c. the balance of funding which amounts to a maximum of 20% of the grant within 60 days after the final report has been approved and the total project grant has been paid by the Agency. The first two instalments shall be regarded as advances pending explicit approval by the Agency of the final report, the corresponding cost statement and the quality of the results of the Project. 7. The Coordinator shall authorize a payment to the Partner on the following conditions: − payments shall only be made if the Coordinator has received the Agency’s instalments; − cost specifications are provided to the Coordinator following the eligibility criteria and reporting format in the Grant Agreement and its Annexes and according to the specific templates provided by the Coordinator; − an invoice, if needed by the Partner, or a formal request for payment has been sent to the Coordinator, duly signed by the Partner. 8. All payments shall ...

Budget and Payments. The amount(s) for this contract will be paid on satisfactory receipt of the deliverables as per a payment schedule to be agreed upon between WHO and the Supplier.