Common use of – GENERAL PROVISIONS CONCERNING PAYMENTS Clause in Contracts

– GENERAL PROVISIONS CONCERNING PAYMENTS. II.5.1 Payments shall be deemed to have been made on the date on which the Commission's account is debited. II.5.2 The payment periods referred to in Article I.5 may be suspended by the Commission at any time if it informs the Contractor that his payment request is not admissible, either because the amount is not due or because the necessary supporting documents have not been properly produced. In case of doubt on the eligibility of the expenditure indicated in the payment request, the Commission may suspend the time limit for payment for the purpose of further verification, including an on-the-spot check, in order to ascertain, prior to payment, that the expenditure is eligible. II.5.3 In the event of late payment the Contractor shall be entitled to interest, provided the calculated interest exceeds EUR 200. In case interest does not exceed EUR 200, the Contractor may claim interest within two months of receiving the payment. Interest shall be calculated at the rate applied by the European Central Bank to its most recent main refinancing operations (“the reference rate”) plus seven percentage points (“the margin”). The reference rate in force on the first day of the month in which the payment is due shall apply. Such interest rate is published in the C series of the Official Journal of the European Union. Interest shall be payable for the period elapsing from the calendar day following expiry of the time limit for payment up to the day of payment. Suspension of payment by the Commission may not be deemed to constitute late payment.

– GENERAL PROVISIONS CONCERNING PAYMENTS. II.5.1 II.5.1. Payments shall be deemed to have been made on the date on which the Commission's account is debited. II.5.2 II.5.2. The payment periods referred to in Article I.5 I.4 may be suspended by the Commission at any time if it informs the Contractor that his payment request is not admissible, either because the amount is not due or because the necessary supporting documents have not been properly produced. In case of doubt on the eligibility of the expenditure indicated in the payment request, the Commission may suspend the time limit for payment for the purpose of further verification, including an on-the-spot check, in order to ascertain, prior to payment, that the expenditure is eligible. II.5.3 II.5.3. In the event of late payment the Contractor shall be entitled to interest, provided the calculated interest exceeds EUR 200. In case interest does not exceed EUR 200, the Contractor may claim interest within two months of receiving the payment. Interest shall be calculated at the rate applied by the European Central Bank to its most recent main refinancing operations (“the reference rate”) plus seven percentage points (“the margin”). The reference rate in force on the first day of the month in which the payment is due shall apply. Such interest rate is published in the C series of the Official Journal of the European Union. Interest shall be payable for the period elapsing from the calendar day following expiry of the time limit for payment up to the day of payment. Suspension of payment by the Commission may not be deemed to constitute late payment.

– GENERAL PROVISIONS CONCERNING PAYMENTS. II.5.1 2.5.1 Payments shall be deemed to have been made on the date on which the CommissionContracting Authority's account is debited. II.5.2 2.5.2 The payment periods referred to in Article I.5 1.5 may be suspended by the Commission Contracting Authority at any time if it informs the Contractor that his payment request is not admissible, either because the amount is not due or because the necessary supporting documents have not been properly produced. In case of doubt on the eligibility of the expenditure indicated in the payment request, the Commission Contracting Authority may suspend the time limit for payment for the purpose of further verification, including an on-the-spot check, in order to ascertain, prior to payment, that the expenditure is eligible. II.5.3 2.5.3 In the event of late payment the Contractor shall be entitled to interest, provided the calculated interest exceeds EUR 200. In case interest does not exceed EUR 200, the Contractor may claim interest within two months of receiving the payment. Interest shall be calculated at the rate applied by the European Central Bank to its most recent main refinancing operations (“the reference rate”) plus seven percentage points (“the margin”). The reference rate in force on the first day of the month in which the payment is due shall apply. Such interest rate is published in the C series of the Official Journal of the European Union. Interest shall be payable for the period elapsing from the calendar day following expiry of the time limit for payment up to the day of payment. Suspension of payment by the Commission Contracting Authority may not be deemed to constitute late payment.

– GENERAL PROVISIONS CONCERNING PAYMENTS. II.5.1 Payments shall be deemed to have been made on the date on which the CommissionAgency's account is debited. II.5.2 The payment periods referred to in Article I.5 may be suspended by the Commission Agency at any time if it informs the Contractor that his payment request is not admissible, either because the amount is not due or because the necessary supporting documents have not been properly produced. In case of doubt on the eligibility of the expenditure indicated in the payment request, the Commission Agency may suspend the time limit for payment for the purpose of further verification, including an on-the-the- spot check, in order to ascertain, prior to payment, that the expenditure is eligible. II.5.3 In the event of late payment the Contractor shall be entitled to interest, provided the calculated interest exceeds EUR 200. In case interest does not exceed EUR 200, the Contractor may claim interest within two months of receiving the payment. Interest shall be calculated at the rate applied by the European Central Bank to its most recent main refinancing operations (“the reference rate”) plus seven eight percentage points (“the margin”). The reference rate in force on the first day of the month in which the payment is due shall apply. Such interest rate is published in the C series of the Official Journal of the European Union. Interest shall be payable for the period elapsing from the calendar day following expiry of the time limit for payment up to the day of payment. Suspension of payment by the Commission Agency may not be deemed to constitute late payment.

– GENERAL PROVISIONS CONCERNING PAYMENTS. II.5.1 2.6.1 Payments shall be deemed to have been made on the date on which the CommissionContracting Authority's account is debited. II.5.2 2.6.2 The payment periods referred to in Article I.5 1.4 may be suspended by the Commission Contracting Authority at any time if it informs the Contractor that his payment request is not admissible, either because the amount is not due or because the necessary supporting documents have not been properly produced. In case of doubt on the eligibility of the expenditure indicated in the payment request, the Commission Contracting Authority may suspend the time limit for payment for the purpose of further verification, including an on-the-spot check, in order to ascertain, prior to payment, that the expenditure is eligible. II.5.3 2.6.3 In the event of late payment the Contractor shall be entitled to interest, provided the calculated interest exceeds EUR 200. In case interest does not exceed EUR 200, the Contractor may claim interest within two months of receiving the payment. Interest shall be calculated at the rate applied by the European Central Bank to its most recent main refinancing operations (“the reference rate”) plus seven percentage points (“the margin”). The reference rate in force on the first day of the month in which the payment is due shall apply. Such interest rate is published in the C series of the Official Journal of the European Union. Interest shall be payable for the period elapsing from the calendar day following expiry of the time limit for payment up to the day of payment. Suspension of payment by the Commission Contracting Authority may not be deemed to constitute late payment.

– GENERAL PROVISIONS CONCERNING PAYMENTS. II.5.1 2.5.1 Payments shall be deemed to have been made on the date on which the CommissionContracting Authority's account is debited. II.5.2 2.5.2 The payment periods referred to in Article I.5 1.5 may be suspended by the Commission Contracting Authority at any time if it informs the Contractor that his payment request is not admissible, either because the amount is not due or because the necessary supporting documents have not been properly produced. In case of doubt on the eligibility of the expenditure indicated in the payment request, the Commission Contracting Authority may suspend the time limit for payment for the purpose of further verification, including an on-the-spot check, in order to ascertain, prior to payment, that the expenditure is eligible. II.5.3 2.5.3 In the event of late payment the Contractor shall be entitled to interest, provided the calculated interest exceeds EUR 200. In case interest does not exceed EUR 200, the Contractor may claim interest within two months of receiving the payment. Interest shall be calculated at the rate applied by the European Central Bank to its most recent main refinancing operations (“the ―the reference rate”rate‖) plus seven percentage points (“the margin”―the margin‖). The reference rate in force on the first day of the month in which the payment is due shall apply. Such interest rate is published in the C series of the Official Journal of the European Union. Interest shall be payable for the period elapsing from the calendar day following expiry of the time limit for payment up to the day of payment. Suspension of payment by the Commission Contracting Authority may not be deemed to constitute late payment.

– GENERAL PROVISIONS CONCERNING PAYMENTS. II.5.1 II.4.1 Payments shall be deemed to have been made on the date on which the CommissionAgency's account is debited. II.5.2 II.4.2 The payment periods referred to in Article I.5 may be suspended by the Commission Agency at any time if it informs the Contractor that his payment request is not admissible, either because the amount is not due or because the necessary supporting documents have not been properly produced. In case of doubt on the eligibility of the expenditure indicated in the payment request, the Commission Agency may suspend the time limit for payment for the purpose of further verification, including an on-the-spot check, in order to ascertain, prior to payment, that the expenditure is eligible. II.5.3 In II.4.3 On expiry of the event of late payment the Contractor shall be entitled periods specified in Article I.5, and without prejudice to interest, provided the calculated interest exceeds EUR 200. In case interest does not exceed EUR 200Article II.4.2, the Contractor may claim interest within two months of receiving the on late payment. Interest shall be calculated at the rate applied by the European Central Bank to its most recent main refinancing operations (“the reference rate”) plus seven 8 (eight) percentage points (“the margin”). The reference rate shall be the rate in force on the first day of the month in which the payment is due shall apply. Such interest rate is period ends as published in the C series of the Official Journal of the European Union. Interest shall be payable for the period elapsing from the calendar day following expiry of the time limit for payment up to the day of payment. Suspension of payment by the Commission Agency may not be deemed to constitute late payment. II.4.4 Payments are executed in the currency of the Contract.

– GENERAL PROVISIONS CONCERNING PAYMENTS. II.5.1 Payments shall be deemed to have been made on the date on which the CommissionEMCDDA's account is debited. II.5.2 The payment periods referred to in Article I.5 may be suspended by the Commission EMCDDA at any time if it informs the Contractor that his his/her payment request is not admissible, either because the amount is not due or because the necessary supporting documents have not been properly produced. In case of doubt on the eligibility of the expenditure indicated in the payment request, the Commission EMCDDA may suspend the time limit for payment for the purpose of further verification, including an on-the-spot check, in order to ascertain, prior to payment, that the expenditure is eligible. II.5.3 In the event of late payment the Contractor shall be entitled to interest, interest provided the calculated interest exceeds EUR 200. In case interest does not exceed EUR 200, the Contractor may claim interest within two months of receiving the payment. Interest shall be calculated at the rate applied by the European Central Bank to its most recent main refinancing operations (“the reference rate”) plus seven eight percentage points (“the margin”). The reference rate in force on the first day of the month in which the payment is due shall apply. Such interest rate is published in the C series of the Official Journal of the European Union. Interest shall be payable for the period elapsing from the calendar day following expiry of the time limit for payment up to the day of payment. Suspension of payment by the Commission EMCDDA may not be deemed to constitute late payment.

– GENERAL PROVISIONS CONCERNING PAYMENTS. II.5.1 Payments shall be deemed to have been made on the date on which the CommissionAgency's account is debited. II.5.2 The payment periods referred to in Article I.5 I.4 may be suspended by the Commission Agency at any time if it informs the Contractor that his payment request is not admissible, either because the amount is not due or because the necessary supporting documents have not been properly produced. In case of doubt on the eligibility of the expenditure indicated in the payment request, the Commission Agency may suspend the time limit for payment for the purpose of further verification, including an on-the-spot check, in order to ascertain, prior to payment, that the expenditure is eligible. II.5.3 In the event of late payment the Contractor shall be entitled to interest, provided the calculated interest exceeds EUR 200. In case interest does not exceed EUR 200, the Contractor may claim interest within two months of receiving the payment. Interest shall be calculated at the rate applied by the European Central Bank to its most recent main refinancing operations (“the reference rate”) plus seven percentage points (“the margin”). The reference rate in force on the first day of the month in which the payment is due shall apply. Such interest rate is published in the C series of the Official Journal of the European Union. Interest shall be payable for the period elapsing from the calendar day following expiry of the time limit for payment up to the day of payment. Suspension of payment by the Commission Agency may not be deemed to constitute late payment.

– GENERAL PROVISIONS CONCERNING PAYMENTS. II.5.1 II.4.1 Payments shall be deemed to have been made on the date on which the CommissionAgency's account is debited. II.5.2 II.4.2 The payment periods referred to in Article I.5 may be suspended by the Commission Agency at any time if it informs the Contractor that his payment request is not admissible, either because the amount is not due or because the necessary supporting documents have not been properly produced. In case of doubt on the eligibility of the expenditure indicated in the payment request, the Commission Agency may suspend the time limit for payment for the purpose of further verification, including an on-the-spot check, in order to ascertain, prior to payment, that the expenditure is eligible. II.5.3 In II.4.3 On expiry of the event of late payment the Contractor shall be entitled periods specified in Article I.5, and without prejudice to interest, provided the calculated interest exceeds EUR 200. In case interest does not exceed EUR 200Article II.4.2, the Contractor may claim interest within two months of receiving the on late payment. Interest shall be calculated at the rate applied by the European Central Bank to its most recent main refinancing operations (“the reference rate”) plus seven 8 (eight) percentage points (“the margin”)points. The reference rate shall be the rate in force on the first day of the month in which the payment is due shall apply. Such interest rate is period ends as published in the C series of the Official Journal of the European Union. Interest shall be payable for the period elapsing from the calendar day following expiry of the time limit for payment up to the day of payment. Suspension of payment by the Commission Agency may not be deemed to constitute late payment II.4.4 Payments are executed in the currency of the Contract.

– GENERAL PROVISIONS CONCERNING PAYMENTS. II.5.1 Payments shall be deemed to have been made on the date on which the CommissionInstitute's account is debited. II.5.2 The payment periods referred to in Article I.5 may be suspended by the Commission Institute at any time if it informs the Contractor that his payment request is not admissible, either because the amount is not due or because the necessary supporting documents have not been properly produced. In case of doubt on the eligibility of the expenditure indicated in the payment request, the Commission Institute may suspend the time limit for payment for the purpose of further verification, including an on-the-spot check, in order to ascertain, prior to payment, that the expenditure is eligible. II.5.3 In the event of late payment the Contractor shall be entitled to interest, provided the calculated interest exceeds EUR 200. In case interest does not exceed EUR 200, the Contractor may claim interest within two months of receiving the payment. Interest shall be calculated at the rate applied by the European Central Bank to its most recent main refinancing operations (“the reference rate”) plus seven percentage points (“the margin”). The reference rate in force on the first day of the month in which the payment is due shall apply. Such interest rate is published in the C series of the Official Journal of the European Union. Interest shall be payable for the period elapsing from the calendar day following expiry of the time limit for payment up to the day of payment. Suspension of payment by the Commission Institute may not be deemed to constitute late payment.

– GENERAL PROVISIONS CONCERNING PAYMENTS. II.5.1 II.5.1. Payments shall be deemed to have been made on the date on which the CommissionAgency's account is debited. II.5.2 II.5.2. The payment periods period referred to in Article I.5 I.4 may be suspended by the Commission Agency at any time if it informs the Contractor that his payment request its invoice is not admissibleincorrect, either because the amount is not due or because the necessary supporting documents have not been properly produced. In case of doubt on the eligibility of the expenditure indicated in the payment request, the Commission Agency may suspend the time limit for payment for the purpose of further verification, including an on-on- the-spot check, in order to ascertain, prior to payment, that the expenditure is eligible. II.5.3 II.5.3. In the event of late payment the Contractor shall be entitled to interest, provided that the calculated interest exceeds EUR 200. In case interest does not exceed EUR 200, the Contractor may claim interest within two months of receiving the payment. Interest shall be calculated at the rate applied by the European Central Bank to its most recent main refinancing operations (“the reference rate”) plus seven eight percentage points (“the margin”). The reference rate in force on the first day of the month in which the payment is due shall apply. Such interest rate is published in the C series of the Official Journal of the European Union. Interest shall be payable for the period elapsing from the calendar day following expiry of the time limit for payment up to the day of payment. Suspension of payment by the Commission Agency may not be deemed to constitute late payment.

– GENERAL PROVISIONS CONCERNING PAYMENTS. II.5.1 Payments shall be deemed to have been made on the date on which the CommissionAgency's account is debited. II.5.2 The payment periods referred to in Article I.5 may be suspended by the Commission Agency at any time if it informs the Contractor that his payment request is not admissible, either because the amount is not due or because the necessary supporting documents have not been properly produced. In case of doubt on the eligibility of the expenditure indicated in the payment request, the Commission Agency may suspend the time limit for payment for the purpose of further verification, including an on-the-spot check, in order to ascertain, prior to payment, that the expenditure is eligible. II.5.3 In the event of late payment the Contractor shall be entitled to interest, provided the calculated interest exceeds EUR 200. In case interest does not exceed EUR 200, the Contractor may claim interest within two months of receiving the payment. Interest shall be calculated at the rate applied by the European Central Bank to its most recent main refinancing operations (“the reference rate”) plus seven percentage points (“the margin”). The reference rate in force on the first day of the month in which the payment is due shall apply. Such interest rate is published in the C series of the Official Journal of the European Union. Interest shall be payable for the period elapsing from the calendar day following expiry of the time limit for payment up to the day of payment. Suspension of payment by the Commission Agency may not be deemed to constitute late payment.