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 duration Advance payment Interim payments Final payment Less than 12 Months Up to 35% (up to 15%*) Total interim payments up to 60%. A single interim payment up to 30% depending on the project length. Up to 5% (up to 25%*) Remaining amount More Months than 12 Up to 45% (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. 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 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. 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 shall be linked to the project budget and implementation duration as follows: Project implementation duration Implementation Duration First Advance payment Interim payments payments* Final payment Less than Payment (reimbursement) <12 Months Up to 3520% (up to 70% 10% ≥12-Months 15%*) Total % 75% 10% * The project promoters will receive next interim payments up to 60%. A single interim only when 50% of the previously provided payment up to 30% depending on has been reported as incurred in the project length. Up to 5% (up to 25%*) Remaining amount More Months than 12 Up to 45% (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. interim reports The first advance instalment 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 payment, if applicable, 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. 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 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 duration duration1 Advance payment 1st Interim payments payment 2nd Interim payment 3rd Interim payment 4th Interim payment Final payment payment2 Less than 12 Months Up to 3524 months 20% (up to 15%*) Total interim payments up to 60%. A single interim payment up to 40% 30% depending on the project length. Up to 5- - 10% (up to 24-36 months 15% 30% 25%*) Remaining amount % 20% - 10% More Months than 12 Up to 4536 months 10% (up to 20% 20% 25% 15%*) Up to 5% (up to 25%*) Up to 50 10% (up to 60%*) Remaining amount *Where the project promoter is a private entity or NGO. DocuSign Envelope ID: 4CFF4CE7-0C42-45B4-BD51-4F094135CB18 The first advance instalment 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 payment, if any, of a percentage of the total grant amount shall be paid within 1 month 15 working days from the submission of a request after signature of 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. 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 three 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. 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 shall be linked to the project budget and duration as follows: Project implementation duration Advance payment Interim payments First interim payment Second interim payment Final payment Less than <12 Months Up to 35% (up to 15%*) Total interim payments up to 60%. A single interim payment up to 30% depending on the project length. Up to 5% (up to 25%*) Remaining amount More Months than 12 Up to 45% (up to15%*) Up to 1525% (up to30%*) Up to 25% (up to30%*) Up to 5% (up to25%*) >12 Months Up to 2535% (up to15%*) Up to 50 30% Up to 30% Up to 5% (up to 60to25%*) Remaining amount *Where the project promoter is a private entity or NGOentity. The first advance instalment 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 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. 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 shall be linked to the project budget and duration as follows: Project implementation duration Advance payment Interim payments Final payment Less than 12 Months Up to 35% (up to 15%*) Total interim payments up to 60%. A single interim payment up to 30% depending on the project length. Up to 5% (up to 25%*) Remaining amount More Months than 12 Up to 45% (up to 15%*) Up to 50 % (up to 60%*) 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. 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 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. 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.