Common use of of the Grant Offer Clause in Contracts

of the Grant Offer. Beneficiary’s account (s) may be interest bearing. 7.3. The final amount of the Grant provided for the implementation of the Initiative will be determined on the basis of the Actually Incurred Eligible Expenditures; however, the maximum amount of the Grant specified in Article 2.1.1 of the Grant Offer must under no circumstances be exceeded. 7.4. The Beneficiary takes note of the fact and agrees that the provisions of this article are without prejudice to the right of the Programme Operator or other Authorised Entity to determine a Financial Correction pursuant to the Implementation Rules, by which the maximum amount of the Grant will be reduced. 7.5. Not applicable. 7.6. If Declared Expenditure exceeds the Grant amount, the Beneficiary shall pay the difference from its own additional resources. Article 8.

of the Grant Offer. Beneficiary’s account (s) may be interest bearing. 7.3. 7.3 The final amount of the Grant provided for the implementation of the Initiative will be determined on the basis of the Actually Incurred Eligible Expenditures; however, the maximum amount of the Grant specified in Article 2.1.1 of the Grant Offer must under no circumstances be exceeded. 7.4. 7.4 The Beneficiary takes note of the fact and agrees that the provisions of this article are without prejudice to the right of the Programme Operator or other Authorised Entity to determine a Financial Correction pursuant to the Implementation Rules, by which the maximum amount of the Grant will be reduced. 7.5. Not applicable. 7.6. If Declared Expenditure exceeds the Grant amount, the Beneficiary shall pay the difference from its own additional resources. Article 8.

of the Grant Offer. Beneficiary’s account (s) may be interest bearing. 7.3. 7.3 The final amount of the Grant provided for the implementation of the Initiative will be determined on the basis of the Actually Incurred Eligible Expenditures; however, the maximum amount of the Grant specified in Article 2.1.1 of the Grant Offer must under no circumstances be exceeded. 7.4. 7.4 The Beneficiary takes note of the fact and agrees that the provisions of this article are without prejudice to the right of the Programme Operator or other Authorised Entity to determine a Financial Correction pursuant to the Implementation Rules, by which the maximum amount of the Grant will wi ll be reduced. 7.5. 7.5 Not applicable. 7.6. 7.6 If Declared Expenditure exceeds the Grant amount, the Beneficiary shall pay the difference from its own additional resources. Article 8.8 INITIATIVE IMPLEMENTATION