Common use of Fund payment Clause in Contracts

Fund payment. 7.1 The 1st instalment in the amount of 50% of the pledged funds will be paid after the Funding Contract has been concluded and the conditions and requirements agreed in Sec. 6 have been fulfilled. The second instalment in the amount of 30% is paid after approval of an interim report and an interim statement, in which 50% of the approved total costs must be proved, and after the conditions and requirements under Sec. 6 have been fulfilled. The final instalment in the amount of 20% of the total pledged funds will only be paid after all conditions and requirements (final accounting, final reports, etc.) have been fulfilled and after the FFG has verified and approved the where-used list. 7.2 The money will be transferred to the Funding Recipient’s account: Account holder: HOOKIPA Biotech AG Bank name: RAIFFEISENLANDESBANK NIEDERÖSTERREICH-WIEN AG IBAN: XX00 0000 0000 0000 0000 BIC/SWIFT: XXXXXXXX

Appears in 2 contracts

Samples: Funding Contract (HOOKIPA Pharma Inc.), Funding Contract (HOOKIPA Pharma Inc.)

AutoNDA by SimpleDocs

Fund payment. 7.1 The 1st instalment in the amount of 50% of the pledged funds will be paid after the Funding Contract has been concluded and the conditions and requirements agreed in Sec. 6 have been fulfilled. The second instalment in the amount of 30% is paid after approval of an interim report and an interim statementreport, in which 50% of the approved total costs must be proved, and after the conditions and requirements under Sec. 6 have been fulfilled. The final instalment in the amount of 20% of the total pledged funds will only be paid after all conditions and requirements (final accounting, final reports, etc.) have been fulfilled and after the FFG has verified and approved the where-used list. 7.2 The money funds will be transferred to the Funding Recipient’s account: Account holder: HOOKIPA Biotech AG Bank name: RAIFFEISENLANDESBANK NIEDERÖSTERREICH-WIEN AG IBAN: XX00 0000 0000 0000 0000 BIC/SWIFT: XXXXXXXX

Appears in 2 contracts

Samples: Funding Contract (HOOKIPA Pharma Inc.), Funding Contract (HOOKIPA Pharma Inc.)

Fund payment. 7.1 The 1st instalment in the amount of 50% of the pledged funds will be paid after the Funding Contract has been concluded and the conditions and requirements agreed in Sec. 6 have been fulfilled. The second instalment in the amount of 30% is paid after approval of an interim report and an interim statement, in which 50% of the approved total costs must be proved, and after the conditions and requirements under Sec. 6 have been fulfilled. The final instalment in the amount of 20% of the total pledged funds will only be paid after all conditions and requirements (final accounting, final reports, etc.) have been fulfilled and after the FFG has verified and approved the where-used list. 7.2 The money funds will be transferred to the Funding Recipient’s account: Account holder: HOOKIPA Biotech AG Bank name: RAIFFEISENLANDESBANK NIEDERÖSTERREICH-WIEN AG IBAN: XX00 0000 0000 0000 0000 BIC/SWIFT: XXXXXXXX

Appears in 1 contract

Samples: Funding Contract (HOOKIPA Pharma Inc.)

Fund payment. 7.1 The 1st instalment in the amount of 50% of the pledged funds will be paid after the Funding Contract has been concluded and the conditions and requirements agreed in Sec. 6 have been fulfilled. The second instalment in the amount of 30% is paid after approval of an interim report and an interim statementreport, in which 50% of the approved total costs must be proved, and after the conditions and requirements under Sec. 6 have been fulfilled. The final instalment in the amount of 20% of the total pledged funds will only be paid after all conditions and requirements (final accounting, final reports, etc.) have been fulfilled and after the FFG has verified and approved the where-used list. 7.2 The money will be transferred to the Funding Recipient’s account: Account holder: HOOKIPA Biotech AG Bank name: RAIFFEISENLANDESBANK NIEDERÖSTERREICH-WIEN AG IBAN: XX00 0000 0000 0000 0000 BIC/SWIFT: XXXXXXXX

Appears in 1 contract

Samples: Funding Contract (HOOKIPA Pharma Inc.)

AutoNDA by SimpleDocs

Fund payment. 7.1 The 1st instalment in the amount of 50% of the pledged funds will be paid after the Funding Contract has been concluded and the conditions and requirements agreed in Sec. 6 have been fulfilled. The second instalment in the amount of 30% is paid after approval of an interim report and an interim statement, in which 50% of the approved total costs must be proved, and after the conditions and requirements under Sec. 6 have been fulfilled. The final instalment in the amount of 20% of the total pledged funds will only be paid after all conditions and requirements (final accounting, final reports, etc.) have been fulfilled and after the FFG has verified and approved the where-used list.. ​ 7.2 The money will be transferred to the Funding Recipient’s account: ​ ​ Account holder: HOOKIPA Biotech AG Bank name: RAIFFEISENLANDESBANK NIEDERÖSTERREICH-WIEN AG IBAN: XX00 0000 0000 0000 0000 BIC/SWIFT: XXXXXXXX​ XXXXXXXX ​

Appears in 1 contract

Samples: Funding Contract (HOOKIPA Pharma Inc.)

Fund payment. 7.1 The 1st instalment in the amount of 50% of the pledged funds will be paid after the Funding Contract has been concluded and the conditions and requirements agreed in Sec. 6 have been fulfilled. The second instalment in the amount of 30% is paid after approval of an interim report and an interim statement, in which 50% of the approved total costs must be proved, and after the conditions and requirements under Sec. 6 have been fulfilled. The final instalment in the amount of 20% of the total pledged funds will only be paid after all conditions and requirements (final accounting, final reports, etc.) have been fulfilled and after the FFG has verified and approved the where-used list. 7.2 The money will be transferred to the Funding Recipient’s account: Account holder: HOOKIPA Biotech AG Bank name: RAIFFEISENLANDESBANK NIEDERÖSTERREICHNIEDEROESTERREICH-WIEN AG IBAN: XX00 0000 0000 0000 0000 BIC/SWIFT: XXXXXXXXXXXXXXXX000

Appears in 1 contract

Samples: Funding Contract (HOOKIPA Pharma Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!