Distribution of Financial Contribution. The financial contribution of the Funding Authority to the Project shall be distributed by the Coordinator according to: - the Consortium Plan - the approval of reports by the Funding Authority, and - the provisions of payment in Section 7.3. A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan.
Distribution of Financial Contribution. The financial contribution of the Funding Authority to the Project shall be distributed by the Coordinator according to: - the Consortium Plan - the approval of reports by the Funding Authority, and - the provisions of payment in Section 7.3. A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan. According to Article 4.2 of the Grant Agreement, Beneficiaries are allowed to transfer budget between different activities and between themselves. Consequently, in Horizon 2020 it is in the consortium’s authority to implement the redistribution of tasks and budget according to the Consortium Plan. The updating of the Consortium Plan including the re-budgeting process characterises the following cycle: decision on the Consortium Plan (Grant Agreement Annexes 1and 2 as starting point) implementation of the Consortium Plan reporting of the implemented activities approval of reports/deliverables by the Funding Authority actualisation and re-planning for the next Consortium Plan decision on this proposed Consortium Plan by the General Assembly next management cycle of actualisation of the Consortium Plan including the re-budgeting. As a consequence the description of the action in Annex 1 and the budget in Annex 2 may have to be updated following re-planning. See also elucidation to “Consortium Plan” in the definitions section.
Distribution of Financial Contribution. The Community financial contribution to the Project shall be distributed by the Coordinator according to: - the Consortium Budget as included in the Annex I of the Grant Agreement - the approval of reports by the European Commission, and
Distribution of Financial Contribution. The financial contribution of the Programme Operator to the Project shall be distributed by the Project Promoter in line with the Project Contract and according to: - the Partnership Budget (Budget Breakdown), and - the provisions of payment in Article 7.3. A Party shall be funded only for its tasks carried out in accordance with the Project Contract.
Distribution of Financial Contribution. The European Commission financial contribution to the Project shall be distributed by the Coordinator according to: The Consortium Budget as included in the Consortium Plan The approval of reports by the European Commission, and The provisions of payment in Article 7.3. A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan.
Distribution of Financial Contribution. The financial contribution of the Granting Authority to the Project shall be distributed by the Project Director (PD) according to: − the Consortium Plan − the approval of reports by the Granting Authority, and − the provisions of payment in Section 7.2. A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan.
Distribution of Financial Contribution. The financial contribution of the Union to the Project shall be distributed by the Coordinator according to: • the Consortium Budget as included in the Consortium Plan • the approval of reports by the European Commission, and • the provisions of payment in Article 7.3. A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan.
Distribution of Financial Contribution. The financial contribution to be granted to the Subgrantee shall be distributed in accordance with the provisions of the Annex 2: PULL Open Call Applicants’ Guide. In any case, the financial grant to be paid will always be subject to: ● Reception of the relevant deliverable(s), ● A favourable resolution by the evaluators and ICAERUS partner responsible for assessing the subproject execution, namely the acceptance of deliverable(s), ● Reception of the Request for Payment and Certificate of Tax Residence (both electronically and in hard copy), ● The Subgrantee’s Bank Account (Annex 6) matches the Instructions for payment issued by the bank of the Subgrantee, ● Payments to the Subgrantee will be made by the Treasurer. In particular: - The Treasurer reserves the right to withhold the payments in case the Subgrantee does not fulfil its obligations and tasks as per Annex 2 – PULL Open Call Applicants’ Guide, - Banking and transaction costs charged by any of the banks related to the handling of any financial resources made available to the Subgrantee by the Treasurer shall be covered by the holder of the bank account which originated the cost. This means that the Treasurer bears the cost of transfers charged by their bank and the Subgrantee bears the costs of transfers charged by the bank of the Subgrantee, ● Payments will be released by the Treasurer no later than ten working days after the notification by the Project Coordinator, ● The Subgrantee is responsible for complying with any tax and legal obligations that might be attached to this financial contribution.
Distribution of Financial Contribution. The Community financial contribution to the Project shall be distributed by the Project Co-ordinator according to: the Consortium Budget as included in the Consortium Plan, the approval of reports by the European Commission, and the provisions of payment in Article 7.3. A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan.
Distribution of Financial Contribution. The financial contribution to be granted to the Subgrantee shall be distributed in accordance with the provisions of the Annex 2: Guidelines for Applicants. In any case, the financial grant to be paid will always be subject to: 1xxxxx://xx.xxxxxx.xx/info/funding-tenders/opportunities/docs/2021-2027/common/agr-contr/general- mga_horizon-euratom_en.pdf ● Reception of the relevant deliverable(s), ● A favourable resolution by the evaluators and Farmtopia partners responsible for assessing the subproject execution, ● Reception of the Request for Payment and Certificate of Tax Residence, ● The Subgrantee's Bank Account (Annex 7) matches the Instructions for payment issued by the bank of the Subgrantee, ● Payments to the Subgrantee will be made by the Treasurer. In particular: - The Treasurer reserves the right to withhold the payments in case the Subgrantee does not fulfil its obligations and tasks as per Annex 2 – Guidelines for Applicants; - Banking and transaction costs charged by any of the banks related to the handling of any financial resources made available to the Subgrantee by the Treasurer shall be covered by the holder of the bank account which originated the cost. This means that the Treasurer bears the cost of transfers charged by their bank and the Subgrantee bears the costs of transfers charged by the bank of the Subgrantee; ● Payments will be released by the Treasurer no later than ten working days after the notification of deliverable acceptance and the Request for payment, ● The Subgrantee is responsible for complying with any tax and legal obligations that might be attached to this financial contribution.
