Common use of Payment flows Clause in Contracts

Payment flows. The Programme Operator shall ensure that payments to projects are made in a timely manner. Interim and final payments to the projects shall be based on approved project reports. Payments of the project grant shall take the form of advance payments, interim payments and a final payment. The level of advance payment to projects shall be set out in the project contract. The maximum level of advance payment shall be linked to the project budget and duration as follows: Project implementation duration3 Advance payment 1st Interim payment 2nd Interim payment 3rd Interim payment 4th Interim payment Final payment4 Less than 24 months 20% 40% 35% - - 5% 24-36 months 15% 30% 25% 25% - 5% More than 36 months 10% 20% 20% 25% 20% 5% The advance payment shall be paid following the signature of the project contract. Subsequent payments shall be paid after the approval of project interim reports. The final payment will be paid after approval of the final report. An advance payment, if any, of a percentage of the total grant amount shall be paid within 15 working days from the submission of a request or within the period set in the project contract. The interim payments shall be paid within 1 month after the approval of project interim reports. 3 The project contract may set suspensive conditions related to advance, interim and/or final payments. In justified cases, at the Programme Operator´s discretion, a project promoter may receive extraordinary payments to ensure sufficient funds for the projects during the implementation so as to avoid any liquidity problems, provided that the Programme Operator has sufficient capacity to proceed with these payments. 4 Retention may be applied at the end of the implementation or pro rata from each advance payment and interim payments. Upon approval of the final project report a final balance payment, if applicable, shall be made within 1 month. The approval of project interim and final reports shall take place within 3 months from the submission of the required information. The periodicity of reporting periods and deadlines for reporting will be further detailed in the description of the Programme Operator’s management and control systems.

Payment flows. The Programme Operator shall ensure that payments to projects are made in a timely manner. Interim and final payments to the projects shall be based on approved project reports. Payments of the project grant shall take the form of advance payments, interim payments and a final payment. The level of advance payment to projects shall be set out in the project contract. The maximum level of advance payment is 50% of the project grant in the case of private entities. There is no advance for public entities. The maximum level of advance payment shall be linked to the type of project budget promoter and duration as follows: Project Promoter Project implementation duration3 duration Maximum Advance payment 1st Interim payments Final payment 2nd Interim payment 3rd Interim payment 4th Interim payment Final payment4 Less than 24 months 20Public entity No advance payment. 90% - Based on reimbursement of expenditure 10% Private entity ≤ 12 Months Up to 50% 40% 3510% - - 5% 2412-36 18 months 15% Up to 30% 2560% 25% - 5% More than 36 months 10% >18 Months Up to 20% 2070% 25% 20% 510% The first advance payment instalment shall be paid following the signature of the project contract. An advance payment of a percentage of the total grant amount shall be paid within 1 month from the submission of a request after signature of the project contract. Subsequent payments shall be paid after the approval of project interim reports. The final payment will be paid after approval of the final report. An advance payment, if any, of a percentage of the total grant amount shall be paid within 15 working days from the submission of a request or within the period set in the project contract. The interim payments shall be paid within 1 month after the approval of project interim reports. 3 The project contract may set suspensive conditions related to advance, interim and/or final payments. In justified cases, at the Programme Operator´s discretion, a project promoter may receive extraordinary payments to ensure sufficient funds for the projects during the implementation so as to avoid any liquidity problems, provided that the Programme Operator has sufficient capacity to proceed with these payments. 4 Retention may payment will be applied at the end paid after approval of the implementation or pro rata from each advance payment and interim paymentsfinal report. Upon approval of the final project report a final balance payment, if applicable, shall be made within 1 month. The approval of project interim and final reports shall take place within 3 2 months from the submission of the required information. The periodicity of reporting periods periods, and deadlines for reporting will be further detailed in the description of the Programme Operator’s management and control systems.

Payment flows. The Programme Operator shall ensure that payments to projects are made in a timely manner. Interim and final payments to the projects shall be based on approved project reports. Payments of the project grant shall take the form of advance paymentspayment, interim payments and a final payment. The level of advance payment to projects shall be set out in the project contract. The maximum level of advance payment shall be linked to the project budget and duration as follows: Project implementation duration3 duration[1] Advance payment 1st 2nd 3rd 4th Final payment[2] Interim payment 2nd Interim payment 3rd Interim payment 4th Interim payment Final payment4 Less than 24 months 20% 40% 35% - - 5% 24-36 months 15% 30% 25% 25% - 5% More than 36 months 10% 20% 20% 25% 20% 5% The advance payment shall be paid following the signature of the project contract. Subsequent payments shall be paid after the approval of project interim reports. The final payment will be paid after approval of the final report. An advance payment, if any, of a percentage of the total grant amount shall be paid within 15 working days from the submission of a request or within the period set in the project contract. The interim payments shall be paid within 1 month after the approval of project interim reports. 3 The project contract may set suspensive conditions related to advance, interim and/or final payments. In justified cases, at the Programme Operator´s discretion, a project promoter may receive extraordinary payments to ensure sufficient funds for the projects during the implementation so as to avoid any liquidity problems, provided that the Programme Operator has sufficient capacity to proceed with these payments. 4 Retention may be applied at the end of the implementation or pro rata from each advance payment and interim payments. Upon approval of the final project report a final balance payment, if applicable, shall be made within 1 month. The approval of project interim and final reports shall take place within 3 months from the submission of the required information. The periodicity of reporting periods and deadlines for reporting will be further detailed in the description of the Programme Operator’s management and control systems. [1] The project contract may set suspensive conditions related to advance, interim and/or final payments. In justified cases, at the Programme Operator´s discretion, a project promoter may receive extraordinary payments to ensure sufficient funds for the projects during the implementation so as to avoid any liquidity problems, provided that the Programme Operator has sufficient capacity to proceed with these payments. [2] Retention may be applied at the end of the implementation or pro rata from each advance payment and interim payments.

Payment flows. The Programme Operator shall ensure that payments to projects are made in a timely manner. Interim and final payments to the projects shall be based on approved project reports. Payments of the project grant shall take the form of advance payments, interim payments and a final payment. The level of advance payment to projects shall be set out in the project contract. The maximum level of advance payment is 50% of the project grant in the case of private entities. There is no advance for public entities associated with state budget. The maximum level of advance payment shall be linked to the type of project budget promoter and duration as follows: Project Promoter Project implementation duration3 duration Maximum Advance payment 1st Interim payments Final payment 2nd Interim payment 3rd Interim payment 4th Interim payment Final payment4 Less than 24 months 20Public entity No advance payment. 90% - Based on reimbursement of expenditure 10% Public entity not associated with state budget or private entity* ≤ 12 Months Up to 50% 40% 3510% - - 5% 2412-36 18 months 15% Up to 30% 2560% 25% - 5% More than 36 months 10% >18 Months Up to 20% 2070% 2510% 20% 5% * The advanced payment is not relevant for the State Organizational Units and State Contributory Organizations in accordance with Czech Act No. 218/2000 Coll., On budgetary rules. The first advance payment instalment shall be paid following the signature of the project contract. An advance payment of a percentage of the total grant amount shall be paid within 1 month from the submission of a request after signature of the project contract. Subsequent payments shall be paid after the approval of project interim reports. The final payment will be paid after approval of the final report. An advance payment, if any, of a percentage of the total grant amount shall be paid within 15 working days from the submission of a request or within the period set in the project contract. The interim payments shall be paid within 1 month after the approval of project interim reports. 3 The project contract may set suspensive conditions related to advance, interim and/or final payments. In justified cases, at the Programme Operator´s discretion, a project promoter may receive extraordinary payments to ensure sufficient funds for the projects during the implementation so as to avoid any liquidity problems, provided that the Programme Operator has sufficient capacity to proceed with these payments. 4 Retention may payment will be applied at the end paid after approval of the implementation or pro rata from each advance payment and interim paymentsfinal report. Upon approval of the final project report a final balance payment, if applicable, shall be made within 1 month. The approval of project interim and final reports shall take place within 3 2 months from the submission of the required information. The periodicity of reporting periods periods, and deadlines for reporting will be further detailed in the description of the Programme Operator’s management and control systems.

Payment flows. The Programme Operator shall ensure that the payments to projects are made in a timely manner. Interim and final payments to the projects shall be based on approved project reports. Payments of the project grant shall take the form of advance payments, interim payments and a final payment. The level of advance payment to projects shall be set out in the project contract. The maximum level of advance payment shall be linked to the type of project budget and duration promoter as follows: Project implementation duration3 Promoter Advance payment 1st Interim payments Final payment 2nd Interim (reimbursement) Public entity associated with state budget No advance payment 3rd Interim payment 4th Interim payment Final payment4 Less than 24 months 2090% 4010% 35% - - 5% 24-36 months 15Public entity not associated with state budget Up to 60% 30% 25- 90% 25% - 5% More than 36 months 10% 20% 20% 25% 20% 5% The first advance payment instalment shall be paid following the signature of the project contract. An advance payment of a percentage of the total grant amount shall be paid within 1 month from the submission of a request after signature of the project contract. Subsequent payments shall be paid after the approval of project interim reports. The final payment will be paid after approval of the final report. An advance payment, if any, of a percentage of the total grant amount shall be paid within 15 working days from the submission of a request or within the period set in the project contract. The interim payments shall be paid within 1 month after the approval of project interim reports. 3 The project contract may set suspensive conditions related to advance, interim and/or final payments. In justified cases, at the Programme Operator´s discretion, a project promoter may receive extraordinary payments to ensure sufficient funds for the projects during the implementation so as to avoid any liquidity problems, provided that the Programme Operator has sufficient capacity to proceed with these payments. 4 Retention may payment will be applied at the end paid after approval of the implementation or pro rata from each advance payment and interim paymentsfinal report. Upon approval of the final project report a final balance payment, if applicable, shall be made within 1 month. The approval of project interim and final reports shall take place within 3 2 months from the submission of the required information. The periodicity of reporting periods periods, and deadlines for reporting will be further detailed in the description of the Programme Operator’s management and control systems.

Payment flows. The Programme Operator shall ensure that payments to projects are made in a timely manner. Interim and final payments to the projects shall be based on approved project reports. Payments of the project grant shall take the form of advance paymentspayment, interim payments and a final payment. The level of advance payment to projects shall be set out in the project contract. The maximum level of advance payment shall be linked to the project budget and duration as follows: Project implementation duration3 Advance payment implementatio n duration[1] Advancepayme nt 1st Interim payment Int erimpayment 2nd Interim payment Interimp ayment 3rd Interim payment Interi mpayment 4th Interim payment Interi mpayment Final payment4 paymen t [2] Less than 24 months 20% 40% 3530% - - 510% 24-36 months 15% 30% 25% 2520% - 510% More than 36 months 10% 20% 20% 25% 2015% 510% The advance payment shall be paid following the signature of the project contract. Subsequent payments shall be paid after the approval of project interim reports. The final payment will be paid after approval of the final report. An advance payment, if any, of a percentage of the total grant amount shall be paid within 15 working days from the submission of a request or within the period set in the project contract. The interim payments shall be paid within 1 month after the approval of project interim reports. 3 Upon approval of the final project report a final balance payment, if applicable, shall be made within one month. The approval of project interim and final reports shall take place within three months from the submission of the required information. The periodicity of reporting periods and deadlines for reporting will be further detailed in the description of the Programme Operator’s management and control systems. [1] The project contract may set suspensive conditions related to advance, interim and/or final payments. In justified cases, at the Programme Operator´s discretion, a project promoter may receive extraordinary payments to ensure sufficient funds for the projects during the implementation so as to avoid any liquidity problems, provided that the Programme Operator has sufficient capacity to proceed with these payments. 4 [2] Retention may be applied at the end of the implementation or pro rata from each advance payment and interim payments. Upon approval of the final project report a final balance payment, if applicable, shall be made within 1 month. The approval of project interim and final reports shall take place within 3 months from the submission of the required information. The periodicity of reporting periods and deadlines for reporting will be further detailed in the description of the Programme Operator’s management and control systems.