Common use of Cost Statements Clause in Contracts

Cost Statements. II.19.1. The partners shall submit cost statements expressed in national currency and in Euro in the format specified in Annex III. Any conversion of actual costs into Euros shall be made at the daily rate published in the Official Journal of the European Union or, failing that, at the monthly accounting rate established by the Commission and published on its website: xxxx://xx.xxxxxx.xx/budget/inforeuro/index.cfm?fuseaction=home&SearchField=&Period= 2006-5&Delim=,&Language=en applicable on the day when the payment order is issued by the Agency, unless specific provisions are laid down for the purpose in the Special Conditions in a specific agreement. Payments by the Agency shall be deemed to be effected on the date when they are debited to the Agency’s account. No account shall be taken of exchange gains or losses between the issue of the cost statement and the receipt of any payment. Partners shall submit their cost statements to the Agency through the coordinator. In addition, the coordinator shall submit the corresponding integrated cost statements in Euros in the format specified in Annex III. Cost statements, including the integrated cost statement, shall be submitted to the Agency within two months of the end of the period covered by the cost statement. The final cost statement, including the integrated cost statement, shall be submitted to the Agency within two months of the end of the duration of the work programme. The Agency reserves the right to withhold part or, exceptionally, all of the payment of the Agency financial contribution in case of failure to submit a cost statement or other work programme deliverable.

Cost Statements. II.19.1. II.19.1 The partners shall submit cost statements expressed in national currency and in Euro in the format specified in Annex III. Any conversion of actual costs into Euros euros shall be made at the daily rate published in the Official Journal of the European Union or, failing that, at the monthly accounting rate established by the Commission and published on its website: xxxx://xx.xxxxxx.xx/budget/inforeuro/index.cfm?fuseaction=home&SearchField=&Period= 2006-xxxx://xx.xxxxxx.xx/budget/inforeuro/index.cfm?fuseaction=home&SearchField=&Period=2006- 5&Delim=,&Language=en applicable on the day when the payment order is issued by the Agency, unless specific provisions are laid down for the purpose in the Special Conditions in a specific agreement. Payments by the Agency shall be deemed to be effected on the date when they are debited to the Agency’s account. No account shall be taken of exchange gains or losses between the issue of the cost statement and the receipt of any payment. Partners shall submit their cost statements to the Agency through the coordinator. In addition, the coordinator shall submit the corresponding integrated cost statements in Euros in the format specified in Annex III. Cost statements, including the integrated cost statement, shall be submitted to the Agency within two months of the end of the period covered by the cost statement. The final cost statement, including the integrated cost statement, shall be submitted to the Agency within two months of the end of the duration of the work programme. The Agency reserves the right to withhold part or, exceptionally, all of the payment of the Agency financial contribution in case of failure to submit a cost statement or other work programme deliverable.