Payment modalities. 1. The Council of Europe shall pay the amount mentioned in Article 1
(1) in two instalments, as follows: <percentage> % within 30 days of receipt of this Agreement duly signed; the balance within 30 days of receipt and approval of the documents specified in Article 2.2 d) and e). Payment of the balance will be based on actual expenditure (as indicated in the statement of expenditure incurred), up to the amount provided for in the estimated budget, subject to the provisions of Article 14 of this Agreement.
2. Payments will be made in the currency in which the Agreement was concluded (See Article
3. The above-mentioned amounts will be paid only by bank transfer to the following account opened in the name of the Grantee:
Payment modalities. 1. The Council of Europe shall pay the amount mentioned in Article 1
(1) in two instalments, as follows: • <percentage> % within 30 days of receipt of this Agreement duly signed; • the balance within 30 days of receipt and approval of the documents specified in Article 2.2 d) and e). 1 All reports should, unless otherwise agreed between the parties, be submitted in one of the official languages of the Council of Europe (English or French).
Payment modalities. 1. Fusion for Energy shall make the following payments:
(a) a pre-financing in accordance with Article I.5;
(b) for actions with more than one reporting period, Fusion for Energy shall make interim payments of Fusion for Energy’s financial contribution corresponding to the amount accepted for each reporting period;
(c) a final payment of Fusion for Energy’s financial contribution corresponding to the amount accepted for the last reporting period plus any adjustment needed. Where the amount of the corresponding Fusion for Energy’s financial contribution is less than any amount already paid to the beneficiary, Fusion for Energy shall recover the difference. Where the amount of the corresponding Fusion for Energy’s financial contribution is more than any amount already paid to the beneficiary, Fusion for Energy shall pay the difference as the final payment within the limit of Articles I.4.1 and II.15.
2. The total amount of the pre-financing and interim payments shall not exceed 90% of the maximum Fusion for Energy’s financial contribution defined in Article I.4.1.
3. Payments by Fusion for Energy shall be made in Euro.
4. Costs shall be reported in Euro. In case the beneficiary keeps accounts in currencies other than the Euro it shall report costs by using, either the conversion rate published by the European Central Bank that would have applied on the date that the actual costs were incurred, or its rate applicable on the first day of the month following the end of the reporting period. In case the beneficiary has an account in Euro it shall convert costs incurred in other currencies according to their usual accounting practices.
5. The bank account mentioned in Article I.4.3 shall allow Fusion for Energy’s financial contribution to be identified. Otherwise, the accounting methods of the beneficiary or intermediaries shall make it possible to identify Fusion for Energy’s financial contribution.
6. Any payment may be subject to an audit or review and may be adjusted or recovered based on the results of such audit or review.
7. Payments by Fusion for Energy shall be deemed to be effected on the date when they are debited from Fusion for Energy's account.
Payment modalities. 1. The REA shall make the following payments:
a) a pre-financing in accordance with Article 6, b) for projects with more than one reporting period, the REA shall make interim payments of the financial contribution of the Union corresponding to the amount accepted for each reporting period.
Payment modalities. 1. The Council of Europe shall pay the amount mentioned in Article 1
(1) in two instalments, as follows: • <percentage> % within 30 days of receipt of this Agreement duly signed;
1 All reports should, unless otherwise agreed between the parties, be submitted in one of the official languages of the Council of Europe (English or French).
2 “Appropriate original supporting documents” refer to signed contracts, invoices and acceptances of work (for all transactions), payment authorisation for all transactions should also be provided in case the Grantee uses such practice, and reliable evidence of payment (authorized payment order and bank statement). As regards round tables / conferences, it implies a programme mentioning among others the title, the dates, the venue, the agenda of the event, the names of experts facilitating the event, a signed list of participants, contracts with the venue of the event (e.g. hotel) for the rent of hall, food and beverages of participants, invoices of the venue of the event for the above services, and a report on the results of the event. As regards consultancy services, it implies evidence of the outputs produced, contracts with experts and consultants containing a specific description of services to be carried out, invoices produced after the works have been performed and delivered (the specialities of the consultants shall correspond to the nature of activities for which they are contracted). As regards travel fees / lodging of experts and participants, it implies, where relevant, contracts with a travel agency for travel fees and lodging, invoices of the travel agency mentioning destinations, dates, ticket costs, and names of the travelling persons, a programme of the event mentioning the names of the experts and signed lists of participants. This list is not comprehensive. Any doubt regarding the interpretation of the notion of “appropriate original supporting documents” should lead the Grantee to consult the Council of Europe. • the balance within 30 days of receipt and approval of the documents specified in Article 2.2 d) and e). Payment of the balance will be based on actual expenditure (as indicated in the statement of expenditure incurred), up to the amount provided for in the estimated budget, subject to the provisions of Article 14 of this Agreement.
2. Payments will be made in the currency in which the Agreement was concluded (See Article
3. The above-mentioned amounts will be paid only by bank transfer to the fol...
Payment modalities. 11.1. The bank account of the Xxxxx Xxxxxx to which all payments will be made shall be recorded and kept up to date in e-COST. The Xxxxx Xxxxxx shall also register in e-COST without delay any changes to this information.
11.2. Payments will be made in Euro (EUR).
11.3. After signature of this Agreement a notification of payment will be sent to the Xxxxx Xxxxxx. The COST Association will pay a first instalment of up to 50% of the amount stated in Article 4.1 (subject to the deduction of any unspent funds under a previous Grant Period), within thirty (30) calendar days of the above-mentioned notification under the terms and conditions set out in this Agreement.
11.4. The Xxxxx Xxxxxx is entitled to request a second instalment of up to 35% of the amount stated in Article
4.1 if the conditions set out in Article 9.1 are fulfilled. A notification of payment will be sent to the Xxxxx Xxxxxx and the COST Association will pay the second instalment within thirty (30) calendar days of the notification.
11.5. The Xxxxx Xxxxxx is entitled to request a third and last instalment of up to 15% of the amount stated in Article 4.1 if the conditions set out in article 9.1 are fulfilled. A notification of payment will be sent to the Xxxxx Xxxxxx and the COST Association will pay the third and last instalment within thirty (30) calendar days of the notification.
11.6. In exceptional and well justified cases, the COST Administration may on request of the Xxxxx Xxxxxx proceed to an additional instalment, within the limit of the Grant amount specified in Article 4.1, and if the conditions set out in Article 9.1 are fulfilled.
11.7. The payment of the instalments is subject to the availability of funds under the applicable SGA.
Payment modalities. 1. The Commission shall make the following payments: – pre-financing in accordance with Article 6; – interim payments of the financial contribution of the Union corresponding to the amount accepted for a reporting period in accordance with Article 6; – a final payment corresponding to the amount accepted for the last reporting period, or, if the consortium has received only pre-financing, to the amount accepted for the project, plus any adjustment needed. Where the amount of the financial contribution of the Union is less than the amount already paid to the consortium, the Commission shall recover the difference. Where the amount of the financial contribution of the Union is more than the amount already paid to the consortium, the Commission shall pay the difference as the final payment up to the limits defined in Article 5(1).
2. The total amount of the pre-financing and interim payments shall not exceed 90% of the maximum financial contribution of the Union defined in Article 5(1).
3. Payments by the Commission shall be made in euros.
4. Costs incurred shall be reported in euros. Beneficiaries with accounts in a currency other than the euro shall report costs by using the conversion rate published by the European Central Bank and applicable on the first day following the end of the reporting period. Beneficiaries with accounts in euros shall convert costs incurred in other currencies according to their normal accounting practice.
5. The payments by the Commission shall be regarded as having been effected on the date on which the Commission’s account is debited.
6. Any payment may be subject to an audit or review and may be adjusted or recovered based on the results of the audit or review.
Payment modalities. 1. The Council of Europe shall pay the Grantee of the Lead Grantee in the case of a consortium the amount mentioned in Article 1
(1) in two instalments, as follows: <percentage> % within 30 days of receipt of this Agreement duly signed; the balance within 30 days of receipt and approval of the documents specified in Article 2.3.3 f) and g). Payment of the balance will be based on actual expenditure (as indicated in the statement of expenditure incurred), up to the amount provided for in the estimated budget, subject to the provisions of Article 14 of this Agreement.
2. Payments will be made to the Grantee or to the Lead Grantee in the case of a consortium in the currency in which the Agreement was concluded (See Article 1.1)
3. The above-mentioned amounts will be paid only by bank transfer to the following account opened in the name of the Grantee or the Lead Grantee in the case of a consortium:
Payment modalities. 1. The JU shall make the following payments:
a) a pre-financing in accordance with Article 6, b) for projects with more than one reporting period, the JU shall make interim payments of the JU financial contribution corresponding to the amount accepted for each reporting period.
Payment modalities. Either Insert indicative planning of instalments Or Insert indicative planning of reimbursements
