Common use of Payment of the balance Clause in Contracts

Payment of the balance. Within sixty days of completion of the tasks referred to in Annex I, upon receipt of the relevant acceptance certificate, the Contractor shall submit to the Agency a formal request for payment accompanied by those of the following documents which are provided for in the Special Conditions:  a final technical report in accordance with the instructions laid down in Annex I;  the relevant invoices indicating the reference number of the Contract to which they refer;  statements of reimbursable expenses in accordance with Article II.7;  a copy of the relevant acceptance certificate. If the report is a condition for payment, on receipt the Agency shall have the period of time indicated in the Special Conditions in which:  to approve it, with or without comments or reservations, or suspend such period and request additional information; or  to reject it and request a new report. If the Agency does not react within this period, the report shall be deemed to have been approved. Approval of the report does not imply recognition either of its regularity or of the authenticity, completeness or correctness of the declarations and information enclosed. Where the Agency requests a new report because the one previously submitted has been rejected, this shall be submitted within the period of time indicated in the Special Conditions. The new report shall likewise be subject to the above provisions.

Payment of the balance. Within sixty days of completion of the tasks referred to in Annex I, upon receipt of the relevant acceptance certificate, the Contractor shall submit to the Agency a formal request for payment accompanied by those of the following documents which are provided for in the Special Conditions:  • a final technical report in accordance with the instructions laid down in Annex IXxxxx X;  • the relevant invoices indicating the reference number of the Contract to which they refer;  • statements of reimbursable expenses in accordance with Article II.7;  • a copy of the relevant acceptance certificate. If the report is a condition for payment, on receipt the Agency shall have the period of time indicated in the Special Conditions in which:  • to approve it, with or without comments or reservations, or suspend such period and request additional information; or  • to reject it and request a new report. If the Agency does not react within this period, the report shall be deemed to have been approved. Approval of the report does not imply recognition either of its regularity or of the authenticity, completeness or correctness of the declarations and information enclosed. Where the Agency requests a new report because the one previously submitted has been rejected, this shall be submitted within the period of time indicated in the Special Conditions. The new report shall likewise be subject to the above provisions.

Payment of the balance. Within sixty days of completion of the tasks referred to in Annex I, upon receipt of the relevant acceptance certificate, the Contractor shall submit to the Agency a formal request for payment accompanied by those of the following documents which are provided for in the Special Conditions:  • a final technical report in accordance with the instructions laid down in Annex I;  • the relevant invoices indicating the reference number of the Contract to which they refer;  • statements of reimbursable expenses in accordance with Article II.7;  • a copy of the relevant acceptance certificate. If the report is a condition for payment, on receipt the Agency shall have the period of time indicated in the Special Conditions in which:  • to approve it, with or without comments or reservations, or suspend such period and request additional information; or  • to reject it and request a new report. If the Agency does not react within this period, the report shall be deemed to have been approved. Approval of the report does not imply recognition either of its regularity or of the authenticity, completeness or correctness of the declarations and information enclosed. Where the Agency requests a new report because the one previously submitted has been rejected, this shall be submitted within the period of time indicated in the Special Conditions. The new report shall likewise be subject to the above provisions.