Common use of Payment modalities Clause in Contracts

Payment modalities. 1. The Council of Europe shall pay the amount mentioned in Article 1(1) in two instalments, as follows: • 50 % within 30 days of receipt of this Agreement duly signed; • 35% within 30 days of receipt a mid-term narrative report for the grant implementation and its acceptance by 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 final financial report incurred), up to the amount provided for in the estimated budget, subject to the provisions of Article 14 of this Agreement.

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: • 50 <percentage> % within 30 days of receipt of this Agreement duly signed; • 35% within 30 days of receipt a mid-term narrative report for the grant implementation and its acceptance by the Council of Europe; • the balance within 30 days of receipt and approval of the documents specified in Article 2.2 d2.3.3 f) and eg). Payment of the balance will be based on actual expenditure (as indicated in the final financial report statement of expenditure incurred), up to the amount provided for in the estimated budget, subject to the provisions of Article 14 of this Agreement.

Payment modalities. 1. The Council of Europe shall pay the amount mentioned in Article 1(1) in two instalments, as follows: • - 50 % within 30 days of receipt of this Agreement duly signed; • - 35% within 30 days of receipt a mid-term narrative report for the grant implementation and its acceptance by 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 final financial report incurred), up to the amount provided for in the estimated budget, subject to the provisions of Article 14 of this Agreement.

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: • 50 ­ 80 % within 30 days of receipt of this Agreement duly signed; • 35% within 30 days of receipt a mid-term narrative report for the grant implementation and its acceptance by the Council of Europe; • ­ the balance within 30 days of receipt and approval of the documents specified in Article 2.2 d2.3.3 f) and eg). Payment of the balance will be based on actual expenditure (as indicated in the final financial report statement of expenditure incurred), up to the amount provided for in the estimated budget, subject to the provisions of Article 14 of this Agreement.

Payment modalities. 1. The Council of Europe shall pay the amount mentioned in Article 1(1) in two instalments, as follows: • 50 40 % within 30 days of receipt of this Agreement duly signed; • 3530% within 30 days of receipt a mid-term narrative report for and approval of the grant implementation first interim annual financial report; • 20% within 30 days of receipt and its acceptance by approval of the Council of Europesecond interim annual financial report; • 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 final financial report statement of expenditure incurred), up to the amount provided for in the estimated budget, subject to the provisions of Article 14 of this Agreement.