Common use of GRANT UTILIZATION Clause in Contracts

GRANT UTILIZATION. 5.1 The Grant shall be used by the Grantee only to cover the direct expenses of the Project during the Implementation Period of the Project according to the budget plan which forms Attachment No. 1 hereof (the "Budget"). Up to 15% of the Grant may be used to cover Project overhead costs (operating costs directly linked to the Project). 5.2 The expenses required for the Project from the Grant cannot exceed the approved amount. 5.3 The Grant may be used only during the contracted Implementation Period. The part of the Grant not used during the Implementation Period shall be returned by the Grantee to the Fund upon request within 15 working days. 5.4 The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. 5.5 Any change in the qualified expenses as stated in the Budget exceeding the amount of €1,000.00 in individual budget category requires the prior approval of the statutory representative of the Fund. For such approval to be granted a written request of the Grantee is required in which the need of such change shall be justified. Without the approval of the Fund the Grant may not be used to cover such changed expenses exceeding the amount qualified in the Budget. 5.6 The financial resources of the Grant other than overhead costs cannot be used for: a) capital investments (tangible/intangible assets);

GRANT UTILIZATION. 5.1 The Grant shall be used by the Grantee only to cover the direct expenses of the Project during the Implementation Period of the Project according to the budget plan which forms Attachment No. 1 hereof (the "Budget"). Up to 15% of the Grant may be used to cover Project overhead costs (operating costs directly linked to the Project). 5.2 The expenses required for the Project from the Grant cannot exceed the approved amount. 5.3 The Grant may be used only during the contracted Implementation Period. The part of the Grant not used during the Implementation Period shall be returned by the Grantee to the Fund upon request within 15 working days. 5.4 The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. 5.5 Any change in the qualified expenses as stated in the Budget exceeding the amount of €1,000.00 in individual budget category requires the prior approval of the statutory representative of the Fund. For such approval to be granted a written request of must be submitted in the Grantee is required in which the need of such change shall be justifiedOn-line System with proper justification. Without the approval of the Fund the Grant may not be used to cover such changed expenses exceeding the amount qualified in the Budget. 5.6 The financial resources of the Grant other than overhead costs cannot be used for: a) capital investments (tangible/intangible assets);

GRANT UTILIZATION. 5.1 The Grant shall be used by the Grantee only to cover the direct expenses of the Project during the Implementation Period of the ofthe Project according to the budget plan pian which forms Attachment No. 1 hereof (the "Budget"). Up to 15% of the ofthe Grant may be used to cover Project overhead costs (operating costs directly linked Iinked to the Project). 5.2 The expenses required for the Project from the Grant cannot exceed the approved amount. 5.3 The Grant may be used only during the contracted Implementation lmplementation Period. The part of the ofthe Grant not used during the Implementation Period shall be returned retumed by the Grantee to the Fund upon request within 15 working days. 5.4 The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. 5.5 Any change in the qualified expenses as stated in the Budget exceeding the amount of €1,000.00 of€1,000.00 in individual individua! budget category requires the prior approval of the ofthe statutory representative of the ofth� Fund. For such approval to be granted a written request of the ofthe Grantee is required in which the need of such ofsuch change shall be justified. Without the approval of the ofthe Fund the Grant may not be used to cover such changed expenses exceeding the amount qualified in the Budget. 5.6 The financial resources of the ofthe Grant other than overhead costs cannot be used for: a) capital investments (tangible/intangible assets);

GRANT UTILIZATION. 5.1 The Grant shall be used by the Grantee only to cover the direct expenses of the ofthe Project during the Implementation Period of the ofthe Project according to the budget plan pian which forms Attachment No. 1 hereof (the hereof(tqe "Budget"). Up to 15% of the ofthe Grant may be used to cover Project overhead costs (operating costs directly linked to the Project). 5.2 The expenses required for the Project from the Grant cannot exceed the approved amount. 5.3 The Grant may be used only during the contracted Implementation Period. The part of the ofthe Grant not used during the Implementation Period shall be returned retumed by the Grantee to the Fund upon request within 15 working days. 5.4 The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. 5.5 Any change in the qualified expenses as stated in the Budget exceeding the amount of €1,000.00 of€1,000.00 in individual individua! budget category requires the prior approval of the ofthe statutory representative of the ofthe Fund. For such approval to be granted a written request of the ofthe Grantee is required in which 'Yhich the need of such ofsuch change shall be justified. Without the approval of the ofthe Fund the Grant may not be used to cover such changed expenses exceeding the amount qualified in the Budget. . 5.6 The financial resources of the ofthe Grant other than overhead costs cannot be used for: a) capital investments (tangible/intangible assets);