Common use of GRANT UTILIZATION Clause in Contracts

GRANT UTILIZATION. 6.1 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. 2 hereof (the “Budget”). Up to 15% of the Grant may be used to cover Project overhead costs (operating costs directly linked to the Project). 6.2 The expenses required for the Project from the Grant cannot exceed 100% of overall expenses of the Project. 6.3 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. 6.4 The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. 6.5 Any change in the qualified expenses as stated in the Budget exceeding the amount of €1,000.00 in individual budget line requires the prior approval of the Executive Director 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. 6.6 The Grantee may ask for a potential change in the utilization of the Grant in writing. The Grant may be utilized in a manner different than agreed upon in this Contract only with the written approval of the Fund. 6.7 The financial resources of the Grant other than overhead costs cannot be used for: a) capital investments (tangible/intangible assets), b) VAT refund for Grantees who request VAT compensation from local authorities, c) the Grantee’s own indirect costs (electricity/gas/water/telephone bills, etc.), d) internal costs or invoices (rent of one’s own premises, one’s own accommodation and board), e) Xxxxxxx’s own work—e.g. coordination of the Project, salaries, financial remuneration of employees, etc. (or any expenses related to employment based on the Labor Code, including daily allowances, part-time work, etc.), f) overhead costs exceeding 15% of the Grant

GRANT UTILIZATION. 6.1 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. 2 hereof (the “"Budget”"). Up to 15% of the Grant may be used to cover Project overhead costs (operating costs directly linked to the Project). 6.2 The expenses required for the Project from the Grant cannot exceed 10080% of overall expenses of the Project. 6.3 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. 6.4 The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. 6.5 Any change in the qualified expenses as stated in the Budget exceeding the amount of €1,000.00 EUR 1000 in individual budget line requires the prior approval of the Executive Director 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. 6.6 The Grantee may ask for a potential change in the utilization of the Grant in writing. The Grant may be utilized in a manner different than agreed upon in this Contract only with the written approval of the Fund. 6.7 The financial resources of the Grant other than overhead costs cannot be used for: a) capital investments (tangible/intangible assets)investments, b) VAT refund for Grantees who request VAT compensation from local authorities, c) the Grantee’s 's own indirect costs (electricity/gas/water/telephone bills, etc.), d) internal costs or invoices (rent of one’s 's own premises, one’s 's own accommodation and board), e) Xxxxxxx’s 's own work—e.g. coordination of the Project, salaries, financial remuneration of employees, etc. (or any expenses related to employment based on the Labor Code, including daily allowances, part-time work, etc.), f) overhead costs exceeding 15% of the Grant

GRANT UTILIZATION. 6.1 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. 2 hereof (the “Budget”). Up to 15% of the Grant may be used to cover Project overhead costs (operating costs directly linked to the Project). 6.2 The expenses required for the Project from the Grant cannot exceed 10080% of overall expenses of the Project. 6.3 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. 6.4 The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. 6.5 Any change in the qualified expenses as stated in the Budget exceeding the amount of €1,000.00 EUR 1,000 in individual budget line requires the prior approval of the Executive Director 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. 6.6 The Grantee may ask for a potential change in the utilization of the Grant in writing. The Grant may be utilized in a manner different than agreed upon in this Contract only with the written approval of the Fund. 6.7 The financial resources of the Grant other than overhead costs cannot be used for: a) capital investments (tangible/intangible assets)investments, b) VAT refund for Grantees who request VAT compensation from local authorities, c) the Grantee’s own indirect costs (electricity/gas/water/telephone bills, etc.), d) internal costs or invoices (rent of one’s own premises, one’s own accommodation and board), e) Xxxxxxx’s own work—e.g. coordination of the Project, salaries, financial remuneration of employees, etc. (or any expenses related to employment based on the Labor Code, including daily allowances, part-time work, etc.), f) overhead costs exceeding 15% of the Grant

GRANT UTILIZATION. 6.1 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. 2 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). 6.2 5.2 The expenses required for the Project from the Grant cannot exceed 100% of overall expenses of the Projectapproved amount. 6.3 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. 6.4 5.4 The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. 6.5 5.5 Any change in the qualified expenses as stated in the Budget exceeding the amount of €1,000.00 in individual budget line category requires the prior approval of the Executive Director 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. 6.6 The Grantee may ask for a potential change in the utilization of the Grant in writing. The Grant may be utilized in a manner different than agreed upon in this Contract only with the written approval of the Fund. 6.7 5.6 The financial resources of the Grant other than overhead costs cannot be used for: a) capital investments (tangible/intangible assets),; b) VAT refund for Grantees who request VAT compensation from local authorities,: c) the Grantee’s 's own indirect costs (electricity/gas/water/telephone bills, etc.),; d) internal costs or invoices (rent of one’s ' s own premises, one’s 's own accommodation and board),; and e) Xxxxxxx’s ' s own work—e.g. coordination of the Project, salaries, financial remuneration of employees, etc. employees (or any expenses related to employment based on the Labor Labour Code, including daily allowances, part-time work, etc.), f) overhead costs exceeding 15% of the Grant.

GRANT UTILIZATION. 6.1 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. 2 hereof (the “Budget”). Up to 15% of the Grant may be used to cover Project overhead costs (operating costs directly linked to the Project). 6.2 The expenses required for the Project from the Grant cannot exceed 10080% of overall expenses of the Project. 6.3 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. 6.4 The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. 6.5 Any change in the qualified expenses as stated in the Budget exceeding the amount of €1,000.00 EUR 1000 in individual budget line requires the prior approval of the Executive Director 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. 6.6 The Grantee may ask for a potential change in the utilization of the Grant in writing. The Grant may be utilized in a manner different than agreed upon in this Contract only with the written approval of the Fund. 6.7 The financial resources of the Grant other than overhead costs cannot be used for: a) capital investments (tangible/intangible assets)investments, b) VAT refund for Grantees who request VAT compensation from local authorities, c) the Grantee’s own indirect costs (electricity/gas/water/telephone bills, etc.), d) internal costs or invoices (rent of one’s own premises, one’s own accommodation and board), e) Xxxxxxx’s Xxxxxxx’x own work—e.g. coordination of the Project, salaries, financial remuneration of employees, etc. (or any expenses related relate to employment based on the Labor Code, including daily allowances, part-time work, etc.), f) overhead costs exceeding 15% of the Grant

GRANT UTILIZATION. 6.1 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. 2 hereof (the “Budget”). Up to 155% of the Grant may be used to cover Project overhead costs (operating costs directly linked to the Project). 6.2 The expenses required for the Project from the Grant cannot exceed 10070% of overall expenses of the Project. 6.3 The Grant may be used only during the contracted agreed upon 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 daysdays of the end of the agreed upon Implementation Period. 6.4 The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. 6.5 Any change in the qualified expenses as stated in the Budget exceeding the amount of €1,000.00 in individual budget line EUR 1,000 requires the prior approval of the Executive Director 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. 6.6 The Grantee may ask for a potential change in the utilization of the Grant in writing. The Grant may be utilized in a manner different than agreed upon in this Contract only with the written approval of the Fund. 6.7 The financial resources of the Grant other than overhead costs cannot be used for: a) capital investments (tangible/intangible assets)investments, b) VAT refund for Grantees who request VAT compensation from local authorities, c) the Grantee’s own indirect costs (electricity/gas/water/telephone bills, etc.), d) internal costs or invoices (rent of one’s own premises, one’s own accommodation and board), e) Xxxxxxx’s Xxxxxxx’x own work—e.g. coordination of the Project, salaries, financial remuneration of employees, etc. (or any expenses related to employment based on the Labor Code, including daily allowances, part-time work, etc.), f) overhead costs exceeding 15% of the Grant

GRANT UTILIZATION. 6.1 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 which forms Attachment No. 2 hereof (the “I hereof(the "Budget”"). Up to 15% of the ofthe Grant may be used to cover Project overhead costs (operating costs directly linked to the Project).. � 6.2 5.2 The expenses required for the Project from the Grant cannot exceed 100% of overall expenses of the Projectapproved amount. 6.3 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. 6.4 5.4 The Grantee shall use the Grant according to the Budget in an efficient and cost-effective way. 6.5 Any 5.5 Ariy 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 line category requires the prior approval of the Executive Director of the ofthe statutory representative ofthe 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. 6.6 The Grantee may ask for a potential change in the utilization of the Grant in writing. The Grant may be utilized in a manner different than agreed upon in this Contract only with the written approval of the Fund. 6.7 5.6 The financial resources of the ofthe Grant other than overhead costs cannot be used for: a) capital investments (tangible/intangible assets),; b) VAT refund for Grantees who request VAT compensation from local authorities,; c) the Grantee’s 's own indirect costs (electricity/gas/water/telephone bills, etc.), ; d) internal costs or invoices (rent of one’s ofone's own premises, one’s 's own accommodation and board), ; and e) Xxxxxxx’s Grantee's own work—--e.g. coordination of the ofthe Project, salaries, financial remuneration of employees, etc. ofemployees (or any expenses related to employment based on the Labor Labour Code, including daily allowances, part-time work, etc.), f) overhead costs exceeding 15% of the Grant.