Common use of Eligibility of expenditure Clause in Contracts

Eligibility of expenditure. Article 5.1. The period of eligibility of expenditure shall start on the date of signature of this contract and end on the final date of implementation set out in Article 2 of this contract. Article 5.2. The eligible expenditure shall be that incurred by the Project Promoter and/or Project Partners, which meet the criteria laid down in Article 8.2 of the Regulation and fall within the categories and conditions for direct eligible expenditure referred to in Article 8.3 of the Regulation, as well as in the categories of indirect costs, in accordance with Article 8.5 of the Regulation. Article 5.3. Expenditure shall be considered eligible if it falls within the categories of eligible expenditure referred to in Article 8 of the Regulation, complies with the provisions of Article 8.12 of the Regulation as to the justification for the expenditure incurred and meets the criteria laid down in Article 8.2 of the Regulation, namely: they have been made (invoiced and paid) between the starting date and the final date of eligibility of expenditure, as provided for in the contract; exceptionally, expenditure invoiced in the last month of eligibility and paid within 30 days of the final date of eligibility of expenditure will be considered eligible; are related to the subject-matter of the contract and are mentioned in the detailed budget of the project application; are proportionate and necessary for the implementation of the initiative; they are used solely for the purpose of achieving the objective(s) of the initiative and the achievement of the expected results, in accordance with the principles of economy, efficiency and effectiveness; they are identifiable and verifiable, in particular by being included in the accounting records of the Promoter or Project Partner and determined in accordance with the accounting standards applicable in the country where the Promoter or Project Partner is established according to generally accepted accounting principles; comply with the requirements of applicable tax and social legislation in force. Ineligible expenditure and expenditure related to activities carried out after the expiry of the eligibility period will be borne by the Project Promoter's own budgets or by the partner, under the conditions set out in the Partnership Agreement. Article 5.4. Expenditure shall be deemed to have been incurred where the cost has been invoiced, paid, the object of the expenditure has been delivered (in the case of supplies) or executed (in the case of services and works) and recorded in the accounts of the Project Promoter or Project Partner; Exceptionally, costs for which an invoice has been issued in the last month of eligibility are also considered to have been incurred within the eligibility period if the costs are paid within 30 days of the final date of eligibility; Overheads and depreciation of equipment are considered to be incurred at the time they are recorded in the accounts of the Project Promoter and/or project partner. Article 5.5. If new or second hand equipment is purchased, only the part of the depreciation corresponding to the duration of the project and the actual rate of use for the purposes of the project can be considered as eligible expenditure. The internal accounting procedures of the Project Promoter shall allow for direct reconciliation of the expenditure and declared revenue of the project, with the corresponding accounting statements and supporting documents. Exceptionally, costs relating to invoices issued during the last month of eligibility may also be considered as having been incurred during the eligibility period if the costs are paid within 30 days of the final date of eligibility of expenditure under Article 2.2 of this Contract. Article 5.6. Indirect costs are all eligible expenditure which cannot be identified by the Project Promoter and/or the Project Partner as being directly attributed to the project, but which can be identified and justified on the basis of its accounting system as being carried out in direct connection with the eligible costs attributed to the project. They may not include direct eligible costs. The indirect costs of the project will represent a fair share of the overall overheads of the Project Promoter or Project Partners, but not more than .........

Eligibility of expenditure. Article 5.1. The period of eligibility of expenditure shall start on the date of signature of this contract and end on the final date of implementation set out in Article 2 of this contract. Article 5.2. The eligible expenditure shall be that incurred by the Project Promoter and/or Project Partners, which meet the criteria laid down in Article 8.2 of the Regulation and fall within the categories and conditions for direct eligible expenditure referred to in Article 8.3 of the Regulation, as well as in the categories of indirect costs, in accordance with Article 8.5 of the Regulation. Article 5.3. (1) Expenditure shall be considered eligible if it falls within the categories of eligible expenditure referred to in Article 8 of the Regulation, complies with the provisions of Article 8.12 of the Regulation as to the justification for the expenditure incurred and meets the criteria laid down in Article 8.2 of the Regulation, namely: : (a) they have been made (invoiced and paid) between the starting date and the final date of eligibility of expenditure, as provided for in the contract; exceptionally, expenditure invoiced in the last month of eligibility and paid within 30 days of the final date of eligibility of expenditure will be considered eligible; ; (b) are related to the subject-matter of the contract and are mentioned in the detailed budget of the project application; ; (c) are proportionate and necessary for the implementation of the initiative; ; (d) they are used solely for the purpose of achieving the objective(s) of the initiative and the achievement of the expected results, in accordance with the principles of economy, efficiency and effectiveness; ; (e) they are identifiable and verifiable, in particular by being included in the accounting records of the Promoter or Project Partner and determined in accordance with the accounting standards applicable in the country where the Promoter or Project Partner is established according to generally accepted accounting principles; ; (f) comply with the requirements of applicable tax and social legislation in force. . (2) Ineligible expenditure and expenditure related to activities carried out after the expiry of the eligibility period will be borne by the Project Promoter's own budgets or by the partner, under the conditions set out in the Partnership Agreement. Article 5.4. a) Expenditure shall be deemed to have been incurred where the cost has been invoiced, paid, the object of the expenditure has been delivered (in the case of supplies) or executed (in the case of services and works) and recorded in the accounts of the Project Promoter or Project Partner; ; b) Exceptionally, costs for which an invoice has been issued in the last month of eligibility are also considered to have been incurred within the eligibility period if the costs are paid within 30 days of the final date of eligibility; ; c) Overheads and depreciation of equipment are considered to be incurred at the time they are recorded in the accounts of the Project Promoter and/or project partner. Article 5.5. (1) If new or second hand equipment is purchased, only the part of the depreciation corresponding to the duration of the project and the actual rate of use for the purposes of the project can be considered as eligible expenditure. . (2) The internal accounting procedures of the Project Promoter shall allow for direct reconciliation of the expenditure and declared revenue of the project, with the corresponding accounting statements and supporting documents. . (3) Exceptionally, costs relating to invoices issued during the last month of eligibility may also be considered as having been incurred during the eligibility period if the costs are paid within 30 days of the final date of eligibility of expenditure under Article 2.2 of this Contract. Article 5.6. Indirect costs are all eligible expenditure which cannot be identified by the Project Promoter and/or the Project Partner as being directly attributed to the project, but which can be identified and justified on the basis of its accounting system as being carried out in direct connection with the eligible costs attributed to the project. They may not include direct eligible costs. The indirect costs of the project will represent a fair share of the overall overheads of the Project Promoter or Project Partners, but not more than .........

Eligibility of expenditure. Article 5.1. The period of eligibility of expenditure shall start on the date of signature of this contract and end on the final date of implementation set out in Article 2 of this contract. Article 5.2. The eligible expenditure shall be that incurred by the Project Promoter and/or Project Partners, which meet the criteria laid down in Article 8.2 of the Regulation and fall within the categories and conditions for direct eligible expenditure referred to in Article 8.3 of the Regulation, as well as in the categories of indirect costs, in accordance with Article 8.5 of the Regulation. . Art. 5.3. Article 5.3. Expenditure shall be considered eligible if it falls within the categories of eligible expenditure referred to in Article 8 of the Regulation, complies with the provisions of Article 8.12 of the Regulation as to the justification for the expenditure incurred and meets the criteria laid down in Article 8.2 of the Regulation, namely: : (a) they have been made (invoiced and paid) between the starting date and the final date of eligibility of expenditure, as provided for in the contract; exceptionally, expenditure invoiced in the last month of eligibility and paid within 30 days of the final date of eligibility of expenditure will be considered eligible; ; (b) are related to the subject-matter of the contract and are mentioned in the detailed budget of the project application; ; (c) are proportionate and necessary for the implementation of the initiative; ; (d) they are used solely for the purpose of achieving the objective(s) of the initiative and the achievement of the expected results, in accordance with the principles of economy, efficiency and effectiveness; ; (e) they are identifiable and verifiable, in particular by being included in the accounting records of the Promoter or Project Partner and determined in accordance with the accounting standards applicable in the country where the Promoter or Project Partner is established according to generally accepted accounting principles; ; (f) comply with the requirements of applicable tax and social legislation in force. Ineligible expenditure and expenditure related to activities carried out after the expiry of the eligibility period will be borne by the Project Promoter's own budgets or by the partner, under the conditions set out in the Partnership Agreement. Article 5.4. a) Expenditure shall be deemed to have been incurred where the cost has been invoiced, paid, the object of the expenditure has been delivered (in the case of supplies) or executed (in the case of services and works) and recorded in the accounts of the Project Promoter or Project Partner; ; b) Exceptionally, costs for which an invoice has been issued in the last month of eligibility are also considered to have been incurred within the eligibility period if the costs are paid within 30 days of the final date of eligibility; ; c) Overheads and depreciation of equipment are considered to be incurred at the time they are recorded in the accounts of the Project Promoter and/or project partner. Article 5.5. (1) If new or second hand equipment is purchased, only the part of the depreciation corresponding to the duration of the project and the actual rate of use for the purposes of the project can be considered as eligible expenditure. . (2) The internal accounting procedures of the Project Promoter shall allow for direct reconciliation of the expenditure and declared revenue of the project, with the corresponding accounting statements and supporting documents. . (3) Exceptionally, costs relating to invoices issued during the last month of eligibility may also be considered as having been incurred during the eligibility period if the costs are paid within 30 days of the final date of eligibility of expenditure under Article 2.2 of this Contract. Article 5.6. Indirect costs are all eligible expenditure which cannot be identified by the Project Promoter and/or the Project Partner as being directly attributed to the project, but which can be identified and justified on the basis of its accounting system as being carried out in direct connection with the eligible costs attributed to the project. They may not include direct eligible costs. The indirect costs of the project will represent a fair share of the overall overheads of the Project Promoter or Project Partners, but not more than .........

Eligibility of expenditure. Article 5.1. The period of eligibility of expenditure shall start on the date of signature of this contract and end on the final date of implementation set out in Article 2 of this contract. Article 5.2. The eligible expenditure shall be that incurred by the Project Promoter and/or Project Partners, which meet the criteria laid down in Article 8.2 of the Regulation and fall within the categories and conditions for direct eligible expenditure referred to in Article 8.3 of the Regulation, as well as in the categories of indirect costs, in accordance with Article 8.5 of the Regulation. Article 5.3. Expenditure shall be considered eligible if it falls within the categories of eligible expenditure referred to in Article 8 of the Regulation, complies with the provisions of Article 8.12 of the Regulation as to the justification for the expenditure incurred and meets the criteria laid down in Article 8.2 of the Regulation, namely: : (a) they have been made (invoiced and paid) between the starting date and the final date of eligibility of expenditure, as provided for in the contract; exceptionally, expenditure invoiced in the last month of eligibility and paid within 30 days of the final date of eligibility of expenditure will be considered eligible; ; (b) are related to the subject-matter of the contract and are mentioned in the detailed budget of the project application; ; (c) are proportionate and necessary for the implementation of the initiative; ; (d) they are used solely for the purpose of achieving the objective(s) of the initiative and the achievement of the expected results, in accordance with the principles of economy, efficiency and effectiveness; ; (e) they are identifiable and verifiable, in particular by being included in the accounting records of the Promoter or Project Partner and determined in accordance with the accounting standards applicable in the country where the Promoter or Project Partner is established according to generally accepted accounting principles; ; (f) comply with the requirements of applicable tax and social legislation in force. Ineligible expenditure and expenditure related to activities carried out after the expiry of the eligibility period will be borne by the Project Promoter's own budgets or by the partner, under the conditions set out in the Partnership Agreement. Article 5.4. Expenditure shall be deemed to have been incurred where the cost has been invoiced, paid, the object of the expenditure has been delivered (in the case of supplies) or executed (in the case of services and works) and recorded in the accounts of the Project Promoter or Project Partner; Exceptionally, costs for which an invoice has been issued in the last month of eligibility are also considered to have been incurred within the eligibility period if the costs are paid within 30 days of the final date of eligibility; Overheads and depreciation of equipment are considered to be incurred at the time they are recorded in the accounts of the Project Promoter and/or project partner. Article 5.5. If new or second hand equipment is purchased, only the part of the depreciation corresponding to the duration of the project and the actual rate of use for the purposes of the project can be considered as eligible expenditure. The internal accounting procedures of the Project Promoter shall allow for direct reconciliation of the expenditure and declared revenue of the project, with the corresponding accounting statements and supporting documents. Exceptionally, costs relating to invoices issued during the last month of eligibility may also be considered as having been incurred during the eligibility period if the costs are paid within 30 days of the final date of eligibility of expenditure under Article 2.2 of this Contract. Article 5.6. Indirect costs are all eligible expenditure which cannot be identified by the Project Promoter and/or the Project Partner as being directly attributed to the project, but which can be identified and justified on the basis of its accounting system as being carried out in direct connection with the eligible costs attributed to the project. They may not include direct eligible costs. The indirect costs of the project will represent a fair share of the overall overheads of the Project Promoter or Project Partners, but not more than .........