Common use of General eligibility conditions for actual costs Clause in Contracts

General eligibility conditions for actual costs. In order to be eligible, actual costs must be: • actually incurred by the beneficiary (i.e.: o real and not estimated, budgeted or imputed and o definitively and genuinely borne by the beneficiary (not by any other entity)). • incurred during the action duration (i.e. the generating event that triggers the costs must take place during the action duration)

General eligibility conditions for actual costs. In order to be eligible, actual costs must be: • actually incurred by the beneficiary (i.e.: o real and not estimated, budgeted or imputed and o definitively and genuinely borne by the beneficiary (not by any other entity)). • incurred during ) The beneficiary must have an obligation to pay the action duration amount of the cost (i.e. for depreciation costs, the generating event that triggers amount of the costs must take place during be recorded in the action durationbeneficiary’s profit and loss accounts).