Common use of Payment of Funding Clause in Contracts

Payment of Funding. 5.1 Payments will be made after written request to FFG in accordance with the following payment plan: 1st instalment after conclusion of the Funding Agreement EUR xx 2nd instalment after the end of the reporting period xx.xx.20xx EUR xx 3rd instalment after the end of the reporting period xx.xx.20xx EUR xx 4th instalment after the end of the reporting period xx.xx.20xx EUR xx Final instalment after final approval by FFG EUR xx 5.2 Payments are made to the following account of the Funding Recipient: Account holder: XXX Bank: XXX IBAN: XX BIC/SWIFT: XXX 5.3 The 1st instalment of € xxx shall be paid after conclusion of the Funding Agreement and fulfilment of the conditions and requirements agreed in § 6. 5.4 The remaining instalments shall be paid subject to fulfilment of all conditions (interim accounts, interim reports etc.) (see § 6, 7 and 11). 5.5 The final instalment of at least 10% of the total funding amount approved will only be paid once all conditions (final accounts, final reports etc.) have been fulfilled and FFG has audited and approved the documents evidencing the proper use of the funding (final approval). 5.6 The Funding Provider reserves the right to postpone, reduce or suspend the payment of funding if and as long as the proper performance of the funded project cannot be guaranteed (e.g. if the costs are not evidenced as agreed). 5.7 If a funding has not been paid in full or in part at the end of the financial year for which the funding has been granted as a result of the Funding Recipient’s failure to meet the requirements specified for payment, FFG may extend the funding approval to the end of the subsequent financial year provided that the Funding Recipient is not responsible for the project’s delay and that the project is still eligible for funding.

Payment of Funding. 5.1 Payments will be made after written request to FFG in accordance with the following payment plan: 1st instalment after conclusion of the Funding Agreement EUR xx 2nd instalment after the end of the reporting period xx.xx.20xx xx.xx.200x EUR xx 3rd instalment after the end of the reporting period xx.xx.20xx xx.xx.200x EUR xx 4th Xth instalment after the end of the reporting period xx.xx.20xx xx.xx.200x EUR xx Final instalment after final approval by FFG EUR xx xx 5.2 Payments are made to the following account of the Funding Recipient: Account holder: XXX Bank: XXX IBAN: XX BIC/SWIFT: XXX 5.3 The 1st instalment of € xxx shall be paid after conclusion of the Funding Agreement and fulfilment of the conditions and requirements agreed in § 6. 5.4 The remaining instalments shall be paid subject to fulfilment of all conditions (interim accounts, interim reports etc.) (see § 6, 7 and 11). 5.5 The final instalment of at least 10% of the total funding amount approved will only be paid once all conditions (final accounts, final reports etc.) have been fulfilled and FFG has audited and approved the documents evidencing the proper use of the funding (final approval). 5.6 The Funding Provider reserves the right to postpone, reduce or suspend the payment of funding if and as long as the proper performance of the funded project cannot be guaranteed (e.g. if the costs are not evidenced as agreed). 5.7 If a funding has not been paid in full or in part at the end of the financial year for which the funding has been granted as a result of the Funding Recipient’s failure to meet the requirements specified for payment, FFG may extend the funding approval to the end of the subsequent financial year provided that the Funding Recipient is not responsible for the project’s delay and that the project is still eligible for funding.

Payment of Funding. 5.1 Payments will be made after written request to FFG in accordance with the following payment plan: 1st instalment after conclusion of the Funding Agreement EUR xx 2nd instalment after the end of the reporting period xx.xx.20xx xx.xx.200x EUR xx 3rd instalment after the end of the reporting period xx.xx.20xx xx.xx.200x EUR xx 4th xth instalment after the end of the reporting period xx.xx.20xx xx.xx.200x EUR xx Final instalment after final approval by FFG EUR xx 5.2 Payments are made to the following account of the Funding Recipientfunding recipient: Account holder: XXX Bank: XXX IBAN: XX BIC/SWIFT: XXX 5.3 The 1st instalment of € € xxx shall be paid after conclusion of the Funding Agreement and fulfilment of the conditions and requirements agreed in § 6. 5.4 The remaining instalments shall be paid subject to fulfilment of all conditions (interim accounts, interim reports etc.) (see § 6, 7 and 11). 5.5 The final instalment of at least 10% of the total funding amount approved will only be paid once all conditions (final accounts, final reports etc.) have been fulfilled and FFG has audited and approved the documents evidencing the proper use of the funding (final approval). 5.6 The Funding Provider funding provider reserves the right to postpone, reduce or suspend the payment of funding if and as long as the proper performance of the funded project cannot be guaranteed (e.g. if the costs are not evidenced as agreed). 5.7 If a funding has not been paid in full or in part at the end of the financial year for which the funding has been granted as a result of the Funding Recipientfunding recipient’s failure to meet the requirements specified for payment, FFG may extend the funding approval to the end of the subsequent financial year provided that the Funding Recipient funding recipient is not responsible for the project’s delay and that the project is still eligible for funding.