Interim reports and further pre-financing payments
1. Where the interim report shows that less than 70% of the previous pre-financing payment(s) paid has been used to cover costs of the Project, [NA to select and complete as appropriate:
3.1 [by [date to be specified by NA]]/[once at least 70 % of the amount of first pre-financing payment has been used.] Or [the beneficiary must submit a further interim report [NA to select one of the two following options: [by [date to be specified by NA]]/[once at least 70 % of the amount of first pre-financing payment has been used], which must be considered as a request for a further pre-financing payment and must specify the amount requested up to EUR […] corresponding to [40 or 20]% [For KA1 - HE between Programme Countries: 20%] of the maximum amount specified in Article I.3.1.]. Without prejudice to Articles II.24.1 and II.24.2 and following approval of the report by the NA, the NA must pay to the beneficiary the further pre-financing payment within [[60] /[or earlier if required by the rules applicable to the NA: […]] calendar days on receipt of the interim report.
Interim reports and further pre-financing payments
3.1. Where the interim report shows that less than 70% of the previous pre-financing payment(s) paid has been used to cover costs of the Project, [NA to select and complete as appropriate: either [the amount of the new pre-financing to be paid must be reduced by the difference between the 70% threshold and the amount used. The coordinator must submit a further interim report including a request for payment for the remaining part of the pre-financing amounting to a total of maximum [80%] [For SE/VET/AE/Youth: 80 or 100%7] of the maximum grant amount specified in Article I.
3.1 [by [date to be specified by NA]]/[once at least 70 % of the amount of first pre-financing payment has been used.] Or [the coordinator must submit a further interim report [NA to select one of the two following options: [by [date to be specified by NA]]/[once at least 70 % of the amount of first pre-financing payment has been used], which must be considered as a request for a further pre-financing payment and must specify the amount requested up to EUR […] corresponding to [40-20]% [For HE: 20%] of the maximum amount specified in Article I.3.1.]. Without prejudice to Articles II.24.1 and II.24.2 and following approval of the report by the NA, the NA must pay to the coordinator the further pre-financing payment within [[60] /[or earlier if required by the rules applicable to the NA: […]] calendar days on receipt of the interim report.
Interim reports and further pre-financing payments
Interim reports and further pre-financing payments
1. Where the interim report shows that less than 70% of the previous pre-financing payment(s) paid has been used to cover costs of the Project, [NA to select and complete as appropriate: either [the amount of the new pre-financing to be paid must be reduced by the difference between the 70% threshold and the amount used. The coordinator must submit a further interim report including a request for payment for the remaining part of the pre-financing 5 [the amount equal to the pre-financing to be paid].
Interim reports and further pre-financing payments
I.3.1 [by [date to be specified by NA]]/[once at least 70 % of the amount of first pre- financing payment has been used.] Or [the coordinator must submit a further interim report [NA to select one of the two following options: [by [date to be specified by NA]]/[once at least 70 % of the amount of first pre-financing payment has been used], which must be considered as a request for a further pre-financing payment and must specify the amount requested up to EUR […] corresponding to [40-20]% of the maximum amount specified in Article I.3.1.]. Without prejudice to Articles II.24.1 and II.24.2 and following approval of the report by the NA, the NA must pay to the coordinator the further pre-financing payment within [[60] /[or earlier if required by the rules applicable to the NA: […]] calendar days on receipt of the interim report.
Interim reports and further pre-financing payments
Option 1: No further pre-financing payment, no interim and no progress report.
