Common use of of the Rules for Participation Clause in Contracts

of the Rules for Participation. 5.3 Final grant amount — Calculation The ‘final grant amount’ depends on the actual extent to which the action is implemented in accordance with the Agreement’s terms and conditions. This amount is calculated by the [Commission][Agency] — when the payment of the balance is made (see Article 21.4) — in the following steps: Step 1 – Application of the reimbursement rates to the eligible costs Step 2 – Limit to the maximum grant amount‌ Step 3 – Reduction due to the no-profit rule Step 4 – Reduction due to improper implementation or breach of other obligations

of the Rules for Participation. 5.3 Final grant amount — Calculation The ‘final grant amount’ depends on the actual extent to which the action is implemented in accordance with the Agreement’s terms and conditions. This amount is calculated by the [Commission][Agency] — when the payment of the balance is made (see Article 21.4) — in the following steps: Step 1 – Application of the reimbursement rates to the eligible costs Step 2 – Limit to the maximum grant amount‌ Step 3 – Reduction due to the no-profit rule Step 4 – Reduction due to improper implementation or breach of other obligations: