Common use of Interim reports and further pre-financing Clause in Contracts

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 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 /(or earlier if required by the rules applicable to the NA: NA within) […]] calendar days on receipt of the interim report.