Common use of Further pre-financing payments Clause in Contracts

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 payment has been used up. Every request for payment of a further pre-financing instalment must be accompanied by the documents specified in Article II.15.2 and by a progress report on the action’s implementation. Within 45 days after the Commission receives the request for payment of a further instalment, together with the documents referred to in the previous subparagraph, a pre-financing payment shall be made to the Beneficiary, equivalent to 40% of the amount specified in Article I.3.3.

Appears in 3 contracts

Samples: Grant Agreement, Grant Agreement, Grant Agreement

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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 payment has been used upup [“Financial guarantee” options: ► (without guarantee) . ► (with guarantee) and shall be conditional on the beneficiary producing a financial guarantee equivalent to the aggregate amount of pre-financing.] Every request for payment of a further pre-financing instalment must be accompanied by the documents specified in Article II.15.2 and by a progress report on the action’s implementation. Within 45 days after the Commission receives the request for payment of a further instalment, together with the documents referred to in the previous subparagraph, a pre-financing payment shall be made to the Beneficiary, equivalent to 40% of the amount specified in Article I.3.3.

Appears in 2 contracts

Samples: 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 payment has been used up. Every request for payment of a further pre-financing instalment must be accompanied by the documents specified in Article II.15.2 and by a progress report on the action’s implementation. Within 45 days after the Commission receives the request for payment of a further instalment, together with the documents referred to in the previous subparagraph, a pre-financing payment shall be made to the Beneficiary, equivalent to 40% of the amount specified in Article I.3.3.

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 payment has been used up. Every request for payment of a further pre-financing instalment must be accompanied by the documents specified in Article II.15.2 and by a progress report on the action’s implementation. Within 45 days after the Commission receives the request for payment of a further instalment, together with the documents referred to in the previous subparagraph, a pre-financing payment shall be made to the Beneficiary, equivalent to 4030% of the amount specified in Article I.3.3.

Appears in 1 contract

Samples: Grant Agreement

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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 payment has been used up. Every request for payment of a further pre-financing instalment must be accompanied by the documents specified in Article II.15.2 and by a progress report on II.14.2, using the action’s implementationfurther pre-financing request form in Annex III (d). Within 45 days after the Commission Agency receives the request for payment of a further instalment, together with the documents referred to in the previous subparagraphsubparagraphs, a second pre-financing payment shall be made to the Beneficiary, equivalent to 4030% of the amount specified in Article I.3.3I.3 and a third pre-financing payment equivalent to 20% of this same amount shall be made to the main beneficiary. The Agency may suspend the period for payment in accordance with the procedure defined in Article II.15.2.

Appears in 1 contract

Samples: Grant Agreement

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