Common use of Modification of projects Clause in Contracts

Modification of projects. (a) Any modification of an approved project, which equals or is above EUR 5 million or 20% of its total cost whatever is the lowest, is deemed to be a “substantial” modification of the project. Major modifications to the physical objects of a project that are such that the nature of this project is changed are also treated as “ substantial”. The rules set up under paragraph 1 apply for the eligibility of expenditure related to those modifications as defined above. (b) For any other modification of a project, expenditure related to the new additional or extended physical elements are eligible from the time at which the request for modification reaches the Commission ( ISPA service). (c) Request for modifications and the relevant information attached to it can be presented at a Monitoring Committee. A record of the request and of the deposition of material must be made in the minutes of the meeting.

Appears in 6 contracts

Samples: Financing Memorandum, Financing Memorandum, Financing Memorandum

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Modification of projects. (a) Any modification of an approved project, which equals or is above EUR 5 million or 20% of its total cost whatever is the lowest, is deemed to be a substantial” modification of the project. Major modifications to the physical objects of a project that are such that the nature of this project is changed are also treated as substantial”. The rules set up under paragraph 1 apply for the eligibility of expenditure related to those modifications as defined above. (b) For any other modification of a project, expenditure related to the new additional or extended physical elements are eligible from the time at which the request for modification reaches the Commission ( ISPA service). (c) Request for modifications and the relevant information attached to it can be presented at a Monitoring Committee. A record of the request and of the deposition of material must be made in the minutes of the meeting.

Appears in 2 contracts

Samples: Financing Memorandum, Financing Memorandum

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