Common use of FUNDING AND PAYMENTS Clause in Contracts

FUNDING AND PAYMENTS. 4.1 The budget and funding shares of the Parties are described in detail in the Action Plan. The budget may be changed by mutual written consent of the Parties. At the moment of signing this Agreement the total budget is set at 688 188 €, from which Helsinki’s funding share is 50 % equaling to 344 094 €. Xxxxxx’x funding share is 50 %. 4.2 Hanken bills Helsinki biannually based on the agreed project budget, and the project reports accepted by the steering group. 4.3 The billing is done in five parts. Each part covers the project budget of the upcoming reporting period. The first invoice will be sent after the signing of the Agreement. The following invoices are sent after the steering group has accepted the reporting content of the previous reporting period.

FUNDING AND PAYMENTS. 4.1 The budget and funding shares of the Parties are described in detail in the Action Plan. The budget may be changed by mutual written consent of the Parties. At the moment of signing this Agreement the total budget is set at 688 188 1 824 000 €, from which Helsinki’s funding share is 50 % equaling to 344 094 912 000 €. Xxxxxx’x Aalto’s funding share is 50 %. 4.2 Hanken . Aalto bills Helsinki biannually based on the agreed project budget, and the project reports accepted by the steering group. 4.3 . The billing is done in five parts. Each part covers the project budget of the upcoming reporting period. The first invoice will be sent after the signing of the Agreement. The following invoices are sent after the steering group has accepted the reporting content of the previous reporting period.

FUNDING AND PAYMENTS. 4.1 The budget and funding shares of the Parties are described in detail in the Action Plan. The budget may be changed by mutual written consent of the Parties. At the moment of signing this Agreement the total budget is set at 688 188 318 696 €, from which Helsinki’s funding share is 50 50,4 % equaling to 344 094 160 723 €. Xxxxxx’x Arcada’s funding share is 50 49,6 %. 4.2 Hanken Arcada bills Helsinki biannually based on the agreed project budget, and the project reports accepted by the steering group. 4.3 The billing is done in five four parts. Each part covers the project budget of the upcoming reporting period. The first invoice will be sent after the signing of the Agreement. The following invoices are sent after the steering group has accepted the reporting content of the previous reporting period.

FUNDING AND PAYMENTS. 4.1 The budget and funding shares of the Parties are described in detail in the Action Plan. The budget may be changed by mutual written consent of the Parties. At the moment of signing this Agreement the total budget is set at 688 188 406858,27 €, from which Helsinki’s funding share is 50 % equaling to 344 094 203429,14 €. Xxxxxx’x Uniarts Helsinki’s funding share is 50 %. 4.2 Hanken Uniarts Helsinki bills Helsinki biannually based on the agreed project budget, and the project reports accepted by the steering group. 4.3 The billing is done in five parts. Each part covers the project budget of the upcoming reporting period. The first invoice will be sent after the signing of the Agreement. The following invoices are sent after the steering group has accepted the reporting content of the previous reporting period.

FUNDING AND PAYMENTS. 4.1 The budget and funding shares of the Parties are described in detail in the Action Plan. The budget may be changed by mutual written consent of the Parties. At the moment of signing this Agreement the total budget is set at 688 188 4 615 243 €, from which Helsinki’s funding share is 50 50,2 % equaling to 344 094 2 319 067 €. Xxxxxx’x HY’s funding share is 50 49,8 %. 4.2 Hanken HY bills Helsinki biannually based on the agreed project budget, and the project reports accepted by the steering group. 4.3 The billing is done in five parts. Each part covers the project budget of the upcoming reporting period. The first invoice will be sent after the signing of the Agreement. The following invoices are sent after the steering group has accepted the reporting content of the previous reporting period.