Common use of Down Payment Clause in Contracts

Down Payment. 15.1.1 Every Selected Third Party involved in the Experiment will receive a down payment. 15.1.2 The down payment: a. Is to provide the Selected Third Parties with a float; b. Remains the property of the European Union until the final payment of the balance; c. Must not exceed 50% of the Financial Support defined in Annex 2; 15.1.3 The down payment will be made at the start of the Experiment and after receipt of the originally-signed request for down payment.

Down Payment. 15.1.1 Every The Selected Third Party involved in the Experiment will receive a the down paymentpayment at the start of the Experiment. 15.1.2 The down payment will be made after conclusion of the Experiment funding agreement and receipt of the payment request. 15.1.3 The down payment: a. Is to provide the Selected Third Parties Party with a float; b. Remains float and remains the property of the European Union EU until the final payment of the balance;; and c. b. Must not exceed 50% of the Financial Support defined in Annex 2; 15.1.3 The down payment will be made at the start of the Experiment and after receipt of the originally-signed request for down payment.