Common use of Payment of Contributions by Donors Clause in Contracts

Payment of Contributions by Donors. The donors shall pay their contribution(s) in euro or in any other currency in accordance with Article 3.2.2(a) to the Trust Fund Account referred to in Article 8.2.1 within four months of the date of signature of the Contribution Certificate. However, contributions of EUR 5 million or more can be paid in a maximum of three annual instalments, the first being within four months of the date of signature of the Contribution Certificate and the remaining instalments in accordance with the payment schedule specified in the Contribution Certificate.

Payment of Contributions by Donors. The donors shall pay their contribution(s) in euro or in any other currency in accordance with Article 3.2.2(a) to the Trust Fund Account referred to in Article 8.2.1 within four months of the date of signature of the Contribution Certificate. However, contributions of more than EUR 5 million or more can be paid in a maximum of three annual instalments, the first being within four months of the date of signature of the Contribution Certificate and the remaining instalments in accordance with the payment schedule specified in the Contribution Certificate.