Common use of Payment modalities Clause in Contracts

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. 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 beneficiaryconsortium, 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 beneficiaryconsortium, Fusion for Energy shall pay the difference as the final payment within the limit of Articles I.4.1 and II.15II.16. 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 Beneficiaries with 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 Beneficiaries with accounts 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 beneficiaries 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. Fusion for Energy shall make the following payments: (a) a. a pre-financing in accordance with Article I.5; (b) 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) 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. 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 beneficiaryconsortium, 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 beneficiaryconsortium, Fusion for Energy shall pay the difference as the final payment within the limit of Articles I.4.1 and II.15II.16. 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 Beneficiaries with 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 Beneficiaries with accounts 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 beneficiaries 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. IDM Ref.: FPA-[XXX] SECTION 3 IMPLEMENTATION