Budget and Timetable Clause Samples

Budget and Timetable. The total EU contribution to this programme is EUR 21 000 000. EU contribution (in EUR) Budget Support 20 000 000 Complementary support (procurement of services) 1 000 000 The indicative operational implementation period of this programme is as specified in Article 5 of the Special Conditions. The maximum of EUR 20 000 000 will be disbursed in three instalments, subject to compliance with the General Conditions defined in Section 3 of Appendix 2 and the relevant Specific Conditions defined in Section 4 of Appendix 2. Instalments will comprise only variable components. The amounts of each variable component as well as the weight of the conditions linked with the payment of the variable components are further detailed in Appendix 2. Disbursements will be paid into the Treasury Account, indicatively in the second quarter of 2015, 2016 and 2017 (subsequent to an independent review of compliance). Indicative Assessment 1st quarter 2015 1st quarter 2016 1st quarter 2017 Indicative Disbursement 2nd quarter 2015 2nd quarter 2016 2nd quarter 2017 Variable Component (max) EUR 6 000 000 EUR 7 000 000 EUR 7 000 000 Amounts under the variable component may be less than those shown where Government fails to fully comply with the Specific Conditions for disbursement. Amounts withheld will continue to be eligible for release at the time of subsequent instalments where Government fulfils the disbursement requirements but will be lost irrevocably if conditions are not fulfilled by the time of assessment of the final third instalment.