Common use of – GENERAL PROVISIONS CONCERNING PAYMENTS Clause in Contracts

– GENERAL PROVISIONS CONCERNING PAYMENTS. 2.5.1 Payments shall be deemed to have been made on the date on which the Contracting Authority's account is debited. 2.5.2 The payment periods referred to in Article 1.5 may be suspended by the 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 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. 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 (2) months of receiving the

– GENERAL PROVISIONS CONCERNING PAYMENTS. 2.5.1 II.5.1 Payments shall be deemed to have been made on the date on which the Contracting AuthorityAgency's account is debited. 2.5.2 II.5.2 The payment periods referred to in Article 1.5 I.5 may be suspended by the Contracting Authority 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 Contracting Authority 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. 2.5.3 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 (2) months of receiving the

– GENERAL PROVISIONS CONCERNING PAYMENTS. 2.5.1 II.5.1 Payments shall be deemed to have been made on the date on which the Contracting AuthorityAgency's account is debited. 2.5.2 II.5.2 The payment periods referred to in Article 1.5 I.5 may be suspended by the Contracting Authority 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 Contracting Authority 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. 2.5.3 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 (2) months of receiving thethe payment. Interest shall be