FINANCIAL SUPPORT TO THIRD PARTIES. II.12.1 If, while implementing the action, the beneficiary has to give financial support to third parties, the beneficiary must give such financial support in accordance with the conditions specified in Annex I. Under those conditions, the following information must be stated at least: (a) the maximum amount of financial support. This amount may not exceed EUR 60 000 for each third party except if achieving the objective of the action as specified in Annex I would otherwise be impossible or overly difficult ; (b) the criteria for determining the exact amount of the financial support; (c) the different types of activity that may receive financial support, on the basis of a fixed list; (d) the persons or categories of persons which may receive financial support; (e) the criteria for giving the financial support. II.12.2 As an exception to Article II.12.1, if the financial support takes the form of a prize, the beneficiary must give such financial support in accordance with the conditions specified in Annex I. Under those conditions, the following information must at least be stated: (a) the eligibility and award criteria; (b) the amount of the prize; (c) the payment arrangements. II.12.3 The beneficiary must ensure that the conditions applicable to it under Articles II.4, II.5, II.6, II.8, II.9 and II.27 are also applicable to the third parties receiving financial support.
Appears in 4 contracts
Samples: Grant Agreement, Grant Agreement, Grant Agreement
