Further pre-financing payments. Pre-financing may be paid in several instalments. In that case, payment of each further instalment may not be made until at least 70% of the previous pre-financing payments have been used up. Every request for payment of a further pre-financing instalment must be accompanied by a progress report on the action's implementation as indicated in Article I.5.
Appears in 3 contracts
Samples: Grant Agreement, Grant Agreement, Grant Agreement
Further pre-financing payments. Pre-financing may be paid in several instalments. In that case, payment of each further instalment may not be made until at least 70[…]% of the previous pre-financing payments have payment has been used upup [and shall be conditional on the beneficiary producing a financial guarantee [of […] EUR] [or equivalent to the aggregate amount of pre-financing]]17. Every request for payment [Where the consumption of a further the previous pre-financing instalment must is less than 70%, the amount of the new pre-financing payment shall be accompanied reduced by a progress report on the action's implementation as indicated in Article I.5.unused amounts of the previous pre-financing.]18
Appears in 2 contracts
Samples: Directorate Unit, Grant Agreement
Further pre-financing payments. Pre-financing may be paid in several instalments. In that case, payment of each further instalment may not be made until at least 70% of the previous pre-financing payments have payment has been used up. Every The request for payment of a further pre-financing instalment must be accompanied by a progress report on the action's implementation as indicated in Article I.5.
Appears in 1 contract
Samples: Grant Agreement
Further pre-financing payments. Pre-financing may be paid in several instalments. In that case, payment of each further instalment may not be made until at least 70[…]% of the previous pre-financing payments have payment has been used upup [and shall be conditional on the beneficiary producing a financial guarantee [of […] EUR] [or equivalent to the aggregate amount of pre-financing]]15. Every request for payment [Where the consumption of a further the previous pre-financing instalment must is less than 70%, the amount of the new pre-financing payment shall be accompanied reduced by a progress report on the action's implementation as indicated in Article I.5.unused amounts16 of the previous pre-financing.]17
Appears in 1 contract
Samples: Grant Agreement
