Justifying Lump Sum Contributions. Each Party contributes with complete, reliable and true information to all reporting requirements regarding the completion of work packages and proper implementation. Moreover, adequate records and supporting documents must be provided by the Parties concerned upon request of the Granting Authority in line with the Grant Agreement. Each Party is solely liable for justifying its Lump Sum Contribution or share. Considering the form of the grant, no cost reporting will be required. In progress and final reporting, it will be necessary that all Parties declare, in accordance with article 21.2 of the Grant agreement, that: - the information provided is complete, reliable and true; - the Lump Sum Shares declared are eligible (in particular, the work packages have been completed, that the work has been properly implemented and/or the results were achieved in accordance with Annex 1 of the Grant Agreement; reference Article 6 of the Grant Agreement); - the proper implementation and/or achievement can be substantiated by adequate records and supporting documents (ref. Article 20 of the Grant Agreement) that will be produced upon request (ref. Article 19 of the Grant Agreement) or in the context of checks, reviews, audits and investigations (ref. Article 25 of the Grant Agreement). in order to allow the Coordinator to sign the required declaration for the consolidated cost statement for the consortium.
Justifying Lump Sum Contributions. Each Party contributes with complete, reliable and true information to all reporting requirements regarding the completion of work packages and proper implementation. Moreover, adequate records and supporting documents must be provided by the Parties concerned upon request of the Granting Authority in line with the Grant Agreement. Each Party is solely liable for justifying its Lump Sum Contribution or share.
Justifying Lump Sum Contributions. [Actual Cost Grant] In accordance with its own usual accounting and management principles and practices, each Beneficiary shall be solely responsible for justifying its costs (and those of its Affiliated Entities, if any) with respect to the Project towards the Granting Authority. Neither the Coordinator nor any of the other Beneficiaries shall be in any way liable or responsible for such justification of costs towards the Granting Authority. [Lump Sum Grant] Each Party contributes with complete, reliable and true information to all reporting requirements regarding the completion of work packages and proper implementation. Moreover, adequate records and supporting documents must be provided by the Parties concerned upon request of the Granting Authority in line with the Grant Agreement. Each Beneficiary is solely liable for justifying its Lump Sum Contribution or share. Funding Principles [Actual Cost Grant] A Beneficiary that spends less than its allocated share of the budget as set out in the Consortium Plan or – in case of reimbursement via unit costs - implements less units than foreseen in the Consortium Plan will be funded in accordance with its units/actual duly justified eligible costs only. A Beneficiary that spends more than its allocated share of the budget as set out in the Consortium Plan will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share. [Lump Sum Grant] Each Beneficiary is entitled to its Lump Sum Contribution as approved by the Granting Authority after completion of the respective work package. For work packages not completed at the end of the Project, the Coordinator distributes to each Beneficiary only the share of Lump Sum Contribution as approved by the Granting Authority at final payment. Excess payments A Beneficiary has received excess payment if the payment received from the Coordinator exceeds the amount declared or [Actual Cost Grant] if a Beneficiary has received payments but, within the last year of the Project, its real Project costs fall significantly behind the costs it would be entitled to according to the Consortium Plan.
