Common use of – GENERAL PROVISIONS CONCERNING PAYMENTS Clause in Contracts

– GENERAL PROVISIONS CONCERNING PAYMENTS. II.3.1. Payments shall be deemed to have been made on the date on which Fusion for Energy’s account is debited. II.3.2. The payment periods referred to in Article I.6 (Payment periods and formalities) may be suspended by Fusion for Energy at any time if it informs the Contractor that its payment request is not admissible, either because the amount is not due or because the necessary supporting documents have not been properly produced. II.3.3. In case of doubt on the admissibility of the payment request, Fusion for Energy 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 request is admissible. II.3.4. Fusion for Energy shall notify the Contractor accordingly in writing and set out the reasons for the suspension. Suspension shall take effect from the date of receipt of the notification. The remainder of the period referred to in Article I.6 (Payment periods and formalities) shall begin to run again once the suspension has been lifted. II.3.5. In the event of late payment the Contractor shall be entitled to interest. The Contractor may claim interest within two (2) 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 (7) percentage points (the "Margin"). The Reference Rate in force on the first Day of the month in which the payment is due shall apply. Interest shall be payable for the period elapsing from the Day following expiry of the time limit for payment up to the Day of payment. Suspension of payment by Fusion for Energy does not constitute late payment

– GENERAL PROVISIONS CONCERNING PAYMENTS. II.3.1. Payments shall be made only if the Contractor has fulfilled all its contractual obligations related to the relevant payment by the date on which the invoice is submitted. Should the Contractor fail to perform his obligations under the Contract, Fusion for Energy may – without prejudice to its right to terminate the Contract and any other remedies it may have at law – reduce or recover payments in proportion to the scale of the non-performance. II.3.2. Payments shall be deemed to have been made on the date on which Fusion for Energy’s account is debited. II.3.2II.3.3. The payment periods referred to in Article I.6 (Payment periods and formalities) Payments may be suspended by Fusion for Energy at any time if it informs the Contractor that its payment request is not admissible, either because the amount is not due or because the necessary supporting documents have not been properly produced. II.3.3II.3.4. In case the event of doubt on the admissibility of the payment request, Fusion for Energy 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 request is admissible. II.3.4II.3.5. Fusion for Energy shall notify the Contractor accordingly in writing and set out the reasons for the suspension. Suspension shall take effect from the date of receipt dispatch of the notificationletter. The remainder of the period referred to in Article I.6 article I.7 (Payment periods and formalitiesPayments) shall begin to run again once the suspension has been lifted. II.3.5II.3.6. In the event of late payment the payment, Contractor shall be entitled to interest. The Contractor may claim interest within two (2) 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 (7) percentage points (the "Margin")points. The Reference Rate in force on the first Day of the month in which the payment is due shall apply. Interest shall be payable for the period elapsing from the Day following expiry of the time limit for payment up to the Day of payment. Suspension of payment by Fusion for Energy does not constitute late payment.

– GENERAL PROVISIONS CONCERNING PAYMENTS. II.3.1. Payments shall be deemed to have been made on the date on which Fusion for Energy’s account is debited. II.3.2. The payment periods referred to in Article I.6 I.7 (Payment periods Payments period and formalities) may be suspended by Fusion for Energy at any time if it informs the Contractor that its payment request is not admissible, either because the amount is not due or because the necessary supporting documents have not been properly produced. II.3.3. In case the event of doubt on the admissibility of the payment request, Fusion for Energy 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 request is admissible. II.3.4. Fusion for Energy shall notify the Contractor accordingly in writing and set out the reasons for the suspension. Suspension shall take effect from the date of receipt of the notification. The remainder of the period referred to in Article I.6 I.7 (Payment periods Payments period and formalities) shall begin to run again once the suspension has been lifted. II.3.5. In the event of late payment the payment, Contractor shall be entitled to interest. The Contractor may claim interest within two (2) 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 (7) percentage points (the "Margin"). The Reference Rate in force on the first Day of the month in which the payment is due shall apply. Interest shall be payable for the period elapsing from the Day following expiry of the time limit for payment up to the Day of payment. Suspension of payment by Fusion for Energy does not constitute late payment.

– GENERAL PROVISIONS CONCERNING PAYMENTS. II.3.1II.5.1. Payments shall be deemed to have been made on the date on which Fusion for Energy’s the Institute's account is debited. II.3.2II.5.2. The payment periods referred to in Article I.6 (Payment periods and formalities) I.4 may be suspended by Fusion for Energy the Institute at any time if it informs the Contractor that its his payment request is not admissible, either because the amount is not due or because the necessary supporting documents have not been properly produced. II.3.3. In case of doubt on the admissibility eligibility of the expenditure indicated in the payment request, Fusion for Energy the Institute 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 request expenditure is admissible. II.3.4eligible. Fusion for Energy The Institute shall notify the Contractor accordingly in writing and set out the reasons for the suspensionsuspension by registered letter with acknowledgment of receipt or equivalent. Suspension shall take effect from the date of receipt dispatch of the notificationletter. The remainder of the period referred to in Article I.6 (Payment periods and formalities) I.4 shall begin to run again once the suspension has been lifted. II.3.5II.5.3. In the event of late payment the Contractor shall be entitled to interest, provided the calculated interest exceeds EUR 200. The In case interest does not exceed EUR 200, the Contractor may claim interest within two (2) 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"reference rate”) plus seven (7) percentage points (“the "Margin"margin”). The Reference Rate reference rate in force on the first Day 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 Day calendar day following expiry of the time limit for payment up to the Day day of payment. Suspension of payment by Fusion for Energy does the Institute may not be deemed to constitute late payment.

– GENERAL PROVISIONS CONCERNING PAYMENTS. II.3.1. II.6.1 Payments shall be deemed to have been made on the date on which Fusion for Energy’s account is debited. II.3.2. II.6.2 The payment periods referred to in Article I.6 (Payment periods and formalities) I.4 may be suspended by Fusion for Energy at any time if it informs the Contractor that its his payment request is not admissible, either because the amount is not due or because the necessary supporting documents have not been properly produced. II.3.3. In case of doubt on the admissibility eligibility of the expenditure indicated in the payment request, Fusion for Energy 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 request expenditure is admissible. II.3.4eligible. Fusion for Energy shall notify the Contractor accordingly in writing and set out the reasons for the suspensionsuspension by registered letter with acknowledgment of receipt or equivalent. Suspension shall take effect from the date of receipt dispatch of the notificationletter. The remainder of the period referred to in Article I.6 (Payment periods and formalities) I.4 shall begin to run again once the suspension has been lifted. II.3.5. II.6.3 In the event of late payment the Contractor shall be he entitled to interest, provided the calculated interest exceeds EUR 200. The In case interest does not exceed EUR 200, the Contractor may claim interest within two (2) 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"reference rate”) plus seven (7) percentage points (“the "Margin"margin”). The Reference Rate reference rate in force on the first Day 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 Day calendar day following expiry of the time limit for payment up to the Day day of payment. Suspension of payment by Fusion for Energy does may not be deemed to constitute late payment.