Common use of Obligations regarding information and financial and narrative reports Clause in Contracts

Obligations regarding information and financial and narrative reports. 2.1 The Humanitarian Organisation shall provide the European Commission with full information on the implementation of the Operation. It shall report on the indicators of achievement specified in the proposal. 2.2 To that end, and in accordance with article 4 of the Special Conditions of the grant agreement, the Humanitarian Organisation shall submit interim and final, narrative and financial reports. Reports shall be presented on standard forms, (Annexes I and II of the General Conditions) in the same language as the grant agreement. 2.3 Reports shall allow comparison of the objective(s), the means envisaged and/or employed (in particular all expenses actually incurred), the results expected and/or obtained. Every report shall provide a complete account of all aspects of implementation for the period covered. Reporting, narrative as well as financial, shall cover the whole of the Operation, regardless of whether the Operation is wholly financed or co-financed by the European Commission. 2.4 Reports shall be submitted in Euro. They may be drawn from financial statements denominated in other currencies as per the Humanitarian Organisation’s legislative requirements. Where necessary, actual expenditure will be converted into Euro using the rate of exchange at which the European Community’s contribution was recorded in the Humanitarian Organisation’s accounts. 2.5 The Commission may request additional information at any time. Such information shall be supplied within 30 days of the request. 2.6 If the Humanitarian Organisation fails to produce a due report, interim or final, within the set deadline and fails to furnish an acceptable written explanation of the reasons why it is unable to comply with this obligation, the Commission may, in accordance with Article 13.2, terminate the grant agreement. In this event the procedure envisaged in Article 13.7 shall apply. Notwithstanding the termination of the grant agreement, reiterative failure by the Organisation to produce reports will be considered a serious breach of the Framework Partnership Agreement and may be considered sufficient reason for its suspension and, ultimately, its termination. 2.7 In addition to the above mentioned reports, the Humanitarian Organisation shall ensure that progress and situation reports, publications, press releases and updates, relevant to the grant agreement, are communicated to the European Commission as and when they are issued. 2.8 In any event, the Humanitarian Organisation shall inform the Commission immediately of any circumstances likely to hamper or delay the implementation of the Operation.

Obligations regarding information and financial and narrative reports. 2.1 The Humanitarian Organisation shall provide the European Commission with full information on the implementation of the Operation. It shall report on the indicators of achievement specified in the proposal. 2.2 To that end, and in accordance with article 4 of the Special Conditions of the grant agreement, the Humanitarian Organisation shall submit interim and final, narrative and financial reports. Reports shall be presented on standard forms, (Annexes I and II of the General ConditionsFramework Partnership Agreement) in the same language as the grant agreement. 2.3 Reports shall allow comparison of the objective(s), the means envisaged and/or employed (in particular all expenses actually incurred), the results expected and/or obtained. Every report shall provide a complete account of all aspects of implementation for the period covered. Reporting, narrative as well as financial, shall cover the whole of the Operation, regardless of whether the Operation is wholly financed or co-financed by the European Commission. 2.4 Reports shall be submitted in Euroeuro. They may be drawn from financial statements denominated in other currencies as per the Humanitarian Organisation’s legislative requirements. Where necessary, actual Actual expenditure will be converted into Euro euro using the rate of exchange at which the European Community’s contribution was recorded in the Humanitarian Organisation’s accounts, unless otherwise specified in the Special Conditions. 2.5 The Commission may request additional information at any time. Such information shall be supplied within 30 days of the request. 2.6 If the Humanitarian Organisation fails to produce a due report, interim or final, within the set deadline and fails to furnish an acceptable written explanation of the reasons why it is unable to comply with this obligation, the Commission may, in accordance with Article 13.2, terminate the grant agreement. In this event the procedure envisaged in Article 13.7 shall apply. Notwithstanding the termination of the grant agreement, reiterative failure by the Organisation to produce reports will be considered a serious breach of the Framework Partnership Agreement and may be considered sufficient reason for its suspension and, ultimately, its termination. 2.7 In addition to the above mentioned reports, the Humanitarian Organisation shall ensure that progress and situation reports, publications, press releases and updates, relevant to the grant agreement, are communicated to the European Commission as and when they are issued. 2.8 In any event, the Humanitarian Organisation shall inform the Commission immediately of any circumstances likely to hamper or delay the implementation of the Operation.