Common use of Currency for requests for payments and conversion into euro Clause in Contracts

Currency for requests for payments and conversion into euro. Request for payment must be drafted in Euro. Beneficiaries with general accounts in a currency other than the euro must convert costs incurred in another currency into euros at the average of the daily exchange rates published in the C series of the Official Journal of the European Union, determined over the corresponding reporting period (available at xxxx://xxx.xxx.xxxxxx.xx/stats/exchange/eurofxref/html/index.en.html). If no daily euro exchange rate is published in the Official Journal of the European Union for the currency in question, conversion must be made at the average of the monthly accounting rates established by the Commission and published on its website (xxxx://xx.xxxxxx.xx/budget/contracts_grants/info_contracts/inforeuro/inforeuro_en.cfm), determined over the corresponding reporting period. Beneficiaries with general accounts in euros must convert costs incurred in another currency into euros in accordance with their usual accounting practices.

Appears in 4 contracts

Samples: www.e-code.sk, Grant Agreement, Grant Agreement

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Currency for requests for payments and conversion into euro. Request for payment must be drafted in EuroEURO. Beneficiaries The beneficiary with general accounts in a currency other than the euro must convert costs incurred in another currency into euros at the average of the daily exchange rates published in the C series of the Official Journal of the European Union, determined over the corresponding reporting period (available at xxxx://xxx.xxx.xxxxxx.xx/stats/exchange/eurofxref/html/index.en.html). If no daily euro exchange rate is published in the Official Journal of the European Union for the currency in question, conversion must be made at the average of the monthly accounting rates established by the Commission and published on its website (xxxx://xx.xxxxxx.xx/budget/contracts_grants/info_contracts/inforeuro/inforeuro_en.cfm), determined over the corresponding reporting period. Beneficiaries The beneficiary with general accounts in euros must convert costs incurred in another currency into euros in accordance with their usual accounting practices.

Appears in 1 contract

Samples: Grant Agreement

Currency for requests for payments and conversion into euro. Request for payment must be drafted in Euroeuro. Beneficiaries with general accounts in a currency other than the euro must convert costs incurred in another currency into euros at the average of the daily exchange rates published in the C series of the Official Journal of the European Union, determined over the corresponding reporting period (available at xxxx://xxx.xxx.xxxxxx.xx/stats/exchange/eurofxref/html/index.en.html). If no daily euro exchange rate is published in the Official Journal of the European Union for the currency in question, conversion must be made at the average of the monthly accounting rates established by the Commission and published on its website (xxxx://xx.xxxxxx.xx/budget/contracts_grants/info_contracts/inforeuro/inforeuro_en.cfm), determined over the corresponding reporting period. Beneficiaries with general accounts in euros must convert costs incurred in another currency into euros in accordance with their usual accounting practices.

Appears in 1 contract

Samples: Agreement

Currency for requests for payments and conversion into euro. Request for payment must be drafted in Euro. Beneficiaries with general accounts in a currency other than the euro must convert costs incurred in another currency into euros at the average of the daily exchange rates published in the C series of the Official Journal of the European Union, determined over the corresponding reporting period (available at xxxx://xxx.xxx.xxxxxx.xx/stats/exchange/eurofxref/html/index.en.html). If no daily euro exchange rate is published in the Official Journal of the European Union for the currency in question, conversion must be made at the average of the monthly accounting rates established by the Commission and published on its website (xxxx://xx.xxxxxx.xx/budget/contracts_grants/info_contracts/inforeuro/inforeuro_en.cfm), determined over the corresponding reporting period. Beneficiaries with general accounts in euros must convert costs incurred in another currency into euros in accordance with their usual accounting practices. Any conversion into euro of costs incurred in other currencies must be made by the beneficiaries at the monthly exchange rate established by the Commission and published on its website5 applicable on the day when the cost was incurred.

Appears in 1 contract

Samples: Grant Agreement

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Currency for requests for payments and conversion into euro. Request for payment must be drafted in Euroeuro. Beneficiaries with general accounts in a currency other than the euro must convert costs incurred in another currency into euros at the average of the daily exchange rates published in the C series of the Official Journal of the European Union, determined over the corresponding reporting period (available at xxxx://xxx.xxx.xxxxxx.xx/stats/exchange/eurofxref/html/index.en.html). If no daily euro exchange rate is published in the Official Journal of the European Union for the currency in question, conversion must be made at the average of the monthly accounting rates established by the Commission and published on its website (xxxx://xx.xxxxxx.xx/budget/contracts_grants/info_contracts/inforeuro/inforeuro_en.cfm), determined over the corresponding reporting period. Beneficiaries with general accounts in euros must convert costs incurred in another currency into euros in accordance with their usual accounting practices. Any conversion into euro of costs incurred in other currencies must be made by the beneficiaries at the daily exchange rates published in the C series of the Official Journal of the European Union2 applicable on the day when bank account of the coordinator is credited.

Appears in 1 contract

Samples: Grant Agreement

Currency for requests for payments and conversion into euro. Request for payment must be drafted in EuroEURO. Beneficiaries with general accounts in a currency other than the euro must convert costs incurred in another currency into euros at the average of the daily exchange rates published in the C series of the Official Journal of the European Union, determined over the corresponding reporting period (available at xxxx://xxx.xxx.xxxxxx.xx/stats/exchange/eurofxref/html/index.en.html). If no daily euro exchange rate is published in the Official Journal of the European Union for the currency in question, conversion must be made at the average of the monthly accounting rates established by the Commission and published on its website (xxxx://xx.xxxxxx.xx/budget/contracts_grants/info_contracts/inforeuro/inforeuro_en.cfm), determined over the corresponding reporting period. Beneficiaries with general accounts in euros must convert costs incurred in another currency into euros in accordance with their usual accounting practices.

Appears in 1 contract

Samples: Grant Agreement

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