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 is up to 90% for private entities and public entities not associated with the state budget. There is no advance payment for public entities associated with the state budget. Private entity, NGOs, public entities not associated with the state budget Up to 90% 0%-90% 10% Public entity associated with the state budget No advance payment Up to 90% Reimbursement of expenditure based on interim reports 10% The first advance 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 after signature of the project contract. For the SGS projects, subsequent payments shall be paid within 1 month after the approval of project interim reports. The final payment will be paid after approval of the final 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 2 months from the submission of the required information. For the PDPs, interim and final payments shall be based on the principles set out in the Methodology of financial flows, control and certification of programmes financed from the EEA and Norwegian Financial Mechanisms 2014-2021.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 up to 9050% for of the project grant in the case of private entities and public entities not associated with the state budgetentities. There is no advance payment for public entities associated with entities. The maximum level of advance payment shall be linked to the state budgettype of project promoter and duration as follows: Project Promoter Project implementation duration Maximum Advance payment Interim payments Final payment Public entity No advance payment. 90% - Based on reimbursement of expenditure 10% Private entity, NGOs, public entities not associated with the state budget entity ≤ 12 Months Up to 9050% 0%-9040% 10% Public entity associated with the state budget No advance payment 12-18 months Up to 9030% Reimbursement of expenditure based on interim reports 60% 10% >18 Months Up to 20% 70% 10% The first advance 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. For Subsequent payments shall be paid after the SGS projects, subsequent approval of project interim reports. The interim payments shall be paid within 1 month after the approval of project interim reports. The final payment will be paid after approval of the final 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 2 months from the submission of the required information. For the PDPs, interim and final payments shall be based on the principles set out in the Methodology of financial flows, control and certification of programmes financed from the EEA and Norwegian Financial Mechanisms 2014-2021.The 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 shall be linked to the project budget and duration as follows: Less than 12 Months Up to 35% (up to 9015%*) Total interim payments up to 60%. A single interim payment up to 30% for private entities and public entities not associated with depending on the state budgetproject length. There is no advance payment for public entities associated with the state budget. Private entity, NGOs, public entities not associated with the state budget Up to 905% 0%-90% 10% Public entity associated with the state budget No advance payment (up to 25%*) Remaining amount More Months than 12 Up to 9045% Reimbursement of expenditure based on interim reports 10(up to 15%*) Up to 50 % (up to 60%*) Up to 5% (up to 25%*) Remaining amount *Where the project promoter is a private entity or NGO. The first advance 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 after signature of the project contract. For the SGS projects, subsequent Subsequent payments shall be paid within 1 month after the approval of project interim reports. The final payment will be paid after approval of the final report. 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. The interim payments shall be paid within 1 month after the approval of project interim reports. 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 2 months from the submission of the required information. For the PDPs, interim and final payments shall be based on the principles set out in the Methodology of financial flows, control and certification of programmes financed from the EEA and Norwegian Financial Mechanisms 2014-2021.The 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. In case of euro-denominated contracts with entities from Donor States or with intergovernmental organizations, the Programme Operator shall transfer the amounts in euro.

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 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 up shall be linked to 90% for private entities and public entities not associated with the state budget. There is no project implementation duration as follows: Project Implementation Duration First advance payment for public entities associated with the state budget. Private entity, NGOs, public entities not associated with the state budget Up to 90Interim payments Final payment <12 months 20% 0%-9070% 10% Public entity associated with the state budget No advance payment Up to 9012 months or more 15% Reimbursement of expenditure based on interim reports 75% 10% The first advance 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. For Subsequent payments shall be paid after the SGS projects, subsequent approval of project interim reports. The interim payments shall be paid within 1 I month after the approval of project interim reports. The final payment will be paid after approval of the final 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 2 months from the submission of the required information. For the PDPs, interim and final payments shall be based on the principles set out in the Methodology of financial flows, control and certification of programmes financed from the EEA and Norwegian Financial Mechanisms 2014-2021.The The periodicity of reporting periods, and deadlines for reporting repotting will be further detailed in the description of the Programme Operator’s ' 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 shall be linked to the project budget and duration as follows: Less than 12 Months Up to 35% (up to 9015%*) Total interim payments up to 60%. A single interim payment up to 30% for private entities and public entities not associated with depending on the state budgetproject length. There is no advance payment for public entities associated with the state budget. Private entity, NGOs, public entities not associated with the state budget Up to 905% 0%-90% 10% Public entity associated with the state budget No advance payment (up to 25%*) Remaining amount More Months than 12 Up to 9045% Reimbursement of expenditure based on interim reports 10(up to 15%*) Up to 5% (up to 25%*) Up to 50 % (up to 60%*) Remaining amount *Where the project promoter is a private entity or NGO. The first advance 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 after signature of the project contract. For the SGS projects, subsequent Subsequent payments shall be paid within 1 month after the approval of project interim reports. The final payment will be paid after approval of the final report. 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. The interim payments shall be paid within 1 month after the approval of project interim reports. 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 2 months from the submission of the required information. For the PDPs, interim and final payments shall be based on the principles set out in the Methodology of financial flows, control and certification of programmes financed from the EEA and Norwegian Financial Mechanisms 2014-2021.The 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. In case of euro-denominated contracts with entities from Donor States or with intergovernmental organizations, the Programme Operator shall transfer the amounts in euro.

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 up to 9050% for of the project grant in the case of private entities and public entities not associated with the state budgetentities. There is no advance payment for public entities associated with entities. The maximum level of advance payment shall be linked to the state budgettype of project promoter and duration as follows: Project Promoter Project implementation duration Maximum Advance payment Interim payments Final payment Public entity No advance payment. 90% - Based on reimbursement of expenditure 10% Private entity, NGOs, public entities not associated with the state budget entity ≤ 12 Months Up to 9050% 0%-9040% 10% Public entity associated with the state budget No advance payment Up to 90% Reimbursement of expenditure based on interim reports 10% The first advance 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. For Subsequent payments shall be paid after the SGS projects, subsequent approval of project interim reports. The interim payments shall be paid within 1 month after the approval of project interim reports. The final payment will be paid after approval of the final 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 2 months from the submission of the required information. For the PDPs, interim and final payments shall be based on the principles set out in the Methodology of financial flows, control and certification of programmes financed from the EEA and Norwegian Financial Mechanisms 2014-2021.The 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 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 is up shall be linked to 90% for private entities and public entities not the type of project promoter as follows: Project Promoter Advance payment Interim payments Final payment (reimbursement) Public entity associated with the state budget. There is no budget No advance payment for public entities associated with the state budget. Private entity, NGOs, public entities not associated with the state budget Up to 90% 0%-90% 10% Public entity not associated with the state budget No advance payment Up to 60% 30% - 90% Reimbursement of expenditure based on interim reports 10% The first advance 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. For Subsequent payments shall be paid after the SGS projects, subsequent approval of project interim reports. The interim payments shall be paid within 1 month after the approval of project interim reports. The final payment will be paid after approval of the final 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 2 months from the submission of the required information. For the PDPs, interim and final payments shall be based on the principles set out in the Methodology of financial flows, control and certification of programmes financed from the EEA and Norwegian Financial Mechanisms 2014-2021.The 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 shall be linked to the type of project promoter. The maximum level of advance payment is up to 90% for private entities of the project grant in the case of NGOs supported within the Small Grant Scheme and 60% in the case of public entities not associated with the state budget. There is no advance payment for private entities and public entities associated with the state State budget. Private entity, NGOs, public entities Project Promoter Advance payment Interim payments Final payment Public entity associatedwith the state budget2 No advance payment 90% based on reimbursement of incurred eligible expenditures 10% Public entity not associated with the state budget Up to 60 % 0% - 90% 0%-9010 % Private entity No advance payment 90% 10% Public entity associated with the state budget No advance payment NGO Up to 90% Reimbursement of expenditure based on interim reports 0% - 90% 10% The first advance 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 one month from the submission of a request after signature of the project contract. For Subsequent payments shall be paid after the SGS projects, subsequent approval of project interim reports. The interim payments shall be paid within 1 one month after the approval of project interim reports. The final payment will be paid after approval of the final report. Upon approval of the final project report a final balance payment, if applicable, shall be made within 1 one month. The approval of project interim and final reports shall take place within 2 two months from the submission of the required information. For the PDPs, interim and final payments shall be based on the principles set out in the Methodology of financial flows, control and certification of programmes financed from the EEA and Norwegian Financial Mechanisms 2014-2021.The The periodicity of reporting periods, and deadlines for reporting will be further detailed detailecl in the description of the Programme Operator’s 's management and control systems.