Common use of Financial charges Clause in Contracts

Financial charges. Any type of financial charge linked to the realisation of a project is not eligible; this concerns in particular interest on interim financing, bank fees, provision fees, etc. Bank guarantees related to bank loans used for the financing of project can be eligible with the agreement of the Commission.

Financial charges. Any type of financial charge linked to the realisation realization of a project is not eligible; this concerns in particular interest on interim financing, bank fees, provision fees, etc. Bank guarantees related to bank loans used for the financing of project can be eligible with the agreement of the Commission.