Common use of Payment of the balance Clause in Contracts

Payment of the balance. The payment of the balance reimburses or covers the remaining part of the eligible costs incurred by the beneficiary for the implementation of the project. The NA determines the amount due as the balance by deducting the total amount of pre-financing already made from the final amount of the grant determined in accordance with Article II.25. If the total amount of earlier payments is greater than the final amount of the grant determined in accordance with Article II.25, the payment of the balance takes the form of a recovery as provided for by Article II.26. If the total amount of earlier payments is lower than the final amount of the grant determined in accordance with Article II.25, the NA must pay the balance within 60 calendar days from when it receives the documents referred to in Article I.4.4, except if Article II.24.1 or II.24.2 apply. Payment is subject to the approval of the request for payment of the balance and of the accompanying documents. Their approval does not imply recognition of the compliance, authenticity, completeness or correctness of their content. The amount to be paid may, however, be offset, without the beneficiary’s consent, against any other amount owed by the beneficiary to the NA, up to the maximum amount of the grant.

Payment of the balance. The payment of the balance reimburses or covers the remaining part of the eligible costs incurred by the beneficiary for the implementation of the project. The NA determines the amount due as the balance by deducting the total amount of pre-pre- financing already made from the final amount of the grant determined in accordance with Article II.25. If the total amount of earlier payments is greater than the final amount of the grant determined in accordance with Article II.25, the payment of the balance takes the form of a recovery as provided for by Article II.26. If the total amount of earlier payments is lower than the final amount of the grant determined in accordance with Article II.25, the NA must pay the balance within 60 calendar days from when it receives the documents referred to in Article I.4.4, except if Article II.24.1 or II.24.2 apply. Payment is subject to the approval of the request for payment of the balance and of the accompanying documents. Their approval does not imply recognition of the compliance, authenticity, completeness or correctness of their content. The amount to be paid may, however, be offset, without the beneficiary’s consent, against any other amount owed by the beneficiary to the NA, up to the maximum amount of the grant.

Payment of the balance. The payment of the balance reimburses or covers the remaining part of the eligible costs incurred by the beneficiary for the implementation of the project. The NA determines the amount due as the balance by deducting the total amount of pre-financing already made from the final amount of the grant determined in accordance with Article II.25. If the total amount of earlier payments is greater than the final amount of the grant determined in accordance with Article II.25, the payment of the balance takes the form of a recovery as provided for by Article II.26. If the total amount of earlier payments is lower than the final amount of the grant determined in accordance with Article II.25, the NA must pay the balance within 60 calendar days from when it receives the documents referred to in Article I.4.4, except if Article II.24.1 or II.24.2 apply. Payment is subject to the approval of the request for payment of the balance and of the accompanying documents. Their approval does not imply recognition of the compliance, authenticity, completeness or correctness of their content. The amount to be paid may, however, be offset, without the beneficiary’s consent, against any other amount owed by the beneficiary to the NA, up to the maximum amount of the grant.]

Payment of the balance. ‌ The payment of the balance reimburses or covers the remaining part of the eligible costs incurred by the beneficiary for the implementation of the project. The NA determines the amount due as the balance by deducting the total amount of pre-pre- financing already made from the final amount of the grant determined in accordance with Article II.25. If the total amount of earlier payments is greater than the final amount of the grant determined in accordance with Article II.25, the payment of the balance takes the form of a recovery as provided for by Article II.26. If the total amount of earlier payments is lower than the final amount of the grant determined in accordance with Article II.25, the NA must pay the balance within 60 calendar days from when it receives the documents referred to in Article I.4.4, except if Article II.24.1 or II.24.2 apply. Payment is subject to the approval of the request for payment of the balance and of the accompanying documents. Their approval does not imply recognition of the compliance, authenticity, completeness or correctness of their content. The amount to be paid may, however, be offset, without the beneficiary’s consent, against any other amount owed by the beneficiary to the NA, up to the maximum amount of the grant.

Payment of the balance. The payment of the balance reimburses or covers the remaining part of the eligible costs incurred by the beneficiary for the implementation of the project. The NA determines the amount due as the balance by deducting the total amount of pre-financing already made from the final amount of the grant determined in accordance with Article II.25. If the total amount of earlier payments is greater than the final amount of the grant determined in accordance with Article II.25, the payment of the balance takes the form of a recovery as provided for by Article II.26. If the total amount of earlier payments is lower than the final amount of the grant determined in accordance with Article II.25, the NA must pay the balance within 60 calendar 60calendar days from when it receives the documents referred to in Article I.4.4, except if Article II.24.1 or II.24.2 apply. Payment is subject to the approval of the request for payment of the balance and of the accompanying documents. Their approval does not imply recognition of the compliance, authenticity, completeness or correctness of their content. The amount to be paid may, however, be offset, without the beneficiary’s consent, against any other amount owed by the beneficiary to the NA, up to the maximum amount of the grant.

Payment of the balance. The payment of the balance reimburses or covers the remaining part of the eligible costs incurred by the beneficiary coordinator for the implementation of the project. The NA determines the amount due as the balance by deducting the total amount of pre-pre- financing already made from the final amount of the grant determined in accordance with Article II.25. If the total amount of earlier payments is greater than the final amount of the grant determined in accordance with Article II.25, the payment of the balance takes the form of a recovery as provided for by Article II.26. If the total amount of earlier payments is lower than the final amount of the grant determined in accordance with Article II.25, the NA must pay the balance within 60 calendar days from when it receives the documents referred to in Article I.4.4, except if Article II.24.1 or II.24.2 apply. Payment is subject to the approval of the request for payment of the balance and of the accompanying documents. Their approval does not imply recognition of the compliance, authenticity, completeness or correctness of their content. The amount to be paid may, however, be offset, without the beneficiarycoordinator’s consent, against any other amount owed by the beneficiary coordinator to the NA, up to the maximum amount of the grant.

Payment of the balance. ‌ The payment of the balance reimburses or covers the remaining part of the eligible costs incurred by the beneficiary coordinator for the implementation of the project. The NA determines the amount due as the balance by deducting the total amount of pre-pre- financing already made from the final amount of the grant determined in accordance with Article II.25. If the total amount of earlier payments is greater than the final amount of the grant determined in accordance with Article II.25, the payment of the balance takes the form of a recovery as provided for by Article II.26. If the total amount of earlier payments is lower than the final amount of the grant determined in accordance with Article II.25, the NA must pay the balance within 60 calendar days from when it receives the documents referred to in Article I.4.4, except if Article II.24.1 or II.24.2 apply. Payment is subject to the approval of the request for payment of the balance and of the accompanying documents. Their approval does not imply recognition of the compliance, authenticity, completeness or correctness of their content. The amount to be paid may, however, be offset, without the beneficiarycoordinator’s consent, against any other amount owed by the beneficiary coordinator to the NA, up to the maximum amount of the grant.

Payment of the balance. The payment of the balance reimburses or covers the remaining part of the eligible costs incurred by the beneficiary for the implementation of the project. The NA determines the amount due as the balance by deducting the total amount of pre-financing already made from the final amount of the grant determined in accordance with Article II.25. If the total amount of earlier payments is greater than the final amount of the grant determined in accordance with Article II.25, the payment of the balance takes the form of a recovery as provided for by Article II.26. If the total amount of earlier payments is lower than the final amount of the grant determined in accordance with Article II.25, the NA must pay the balance within 60 calendar days from when it receives the documents referred to in Article I.4.4, except if Article II.24.1 or II.24.2 apply. Payment is subject to the approval of the request for payment of the balance and of the accompanying documents. Their approval does not imply recognition of the compliance, authenticity, completeness or correctness of their content. The amount to be paid may, however, be offset, without the beneficiary’s consent, against any other amount owed by the beneficiary to the NA, up to the maximum amount of the grant. Notification of amounts due The NA must send a formal notification to the beneficiary: informing it of the amount due; and specifying whether the notification concerns a further pre-financing payment or the payment of the balance.

Payment of the balance. The payment of the balance reimburses or covers the remaining part of the eligible costs incurred by the beneficiary for the implementation of the project. The NA determines the amount due as the balance by deducting the total amount of pre-financing already made from the final amount of the grant determined in accordance with Article II.25. If the total amount of earlier payments is greater than the final amount of the grant determined in accordance with Article II.25, the payment of the balance takes the form of a recovery as provided for by Article II.26. If the total amount of earlier payments is lower than the final amount of the grant determined in accordance with Article II.25, the NA must pay the balance within 60 calendar days from when it receives the documents referred to in Article I.4.4, except if Article II.24.1 or II.24.2 apply. Payment is subject to the approval of the request for payment of the balance and of the accompanying documents. Their approval does not imply recognition of the compliance, authenticity, completeness or correctness of their content. The amount to be paid may, however, be offset, without the beneficiary’s consent, against any other amount owed by the beneficiary to the NA, up to the maximum amount of the grant.