Common use of PAYMENTS AND PAYMENT ARRANGEMENTS Clause in Contracts

PAYMENTS AND PAYMENT ARRANGEMENTS. 17.1 Payments to be made The following payments will be made to the KIC LE: ‐ one pre‐financing payment; ‐ one payment of the balance, on the basis of the request for payment of the balance (see Article 16). 17.2 Pre‐financing payment — Amount — Amount retained for the Guarantee Fund The aim of the pre‐financing is to provide the KIC Partners with a float. It remains the property of the EIT until the payment of the balance. The amount of the pre‐financing payment will be EUR [amount (amount in words)]. The EIT will — except if Article 54 FPA applies — make the pre‐financing payment to the KIC LE within 30 days either from the entry into force of the Specific Agreement (see Article 21) or from 10 days before the starting date of the specific action (see Article 3), whichever is the latest. An amount of EUR [amount (amount in words)] corresponding to 5% of the maximum grant amount (see Article 4.2), is retained by the EIT from the pre‐financing payment and transferred into the 'Guarantee Fund'. 17.3 Interim payments — Amount — Calculation Not applicable 17.4 Payment of the balance — Amount — Calculation — Release of the amount retained for the Guarantee Fund The payment of the balance reimburses the remaining part of the eligible costs incurred by the KIC Partners for the implementation of the specific action. If the total amount of earlier payments is greater than the final grant amount (see Article 10 FPA), the payment of the balance takes the form of a recovery (see Article 50 FPA). If the total amount of earlier payments is lower than the final grant amount, the EIT will pay the balance within 90 days from receiving the final report (see Article 16), except if Articles 53 or 54 FPA apply. Payment is subject to the approval of the final report. Its approval does not imply recognition of the compliance, authenticity, completeness or correctness of its content.

PAYMENTS AND PAYMENT ARRANGEMENTS. 17.1 Payments to be made The following payments will be made to the KIC LE: ‐ - one pre‐financing pre-financing payment; ‐ - one payment of the balance, on the basis of the request for payment of the balance (see Article 16). 17.2 Pre‐financing Pre-financing payment — Amount — Amount retained for the Guarantee Fund The aim of the pre‐financing pre-financing is to provide the KIC Partners with a float. It remains the property of the EIT until the payment of the balance. The amount of the pre‐financing pre-financing payment will be EUR [amount (amount in words)]. The EIT will — except if Article 54 FPA applies — make the pre‐financing pre-financing payment to the KIC LE within 30 days either from the entry into force of the Specific Agreement (see Article 21) or from 10 days before the starting date of the specific action (see Article 3), whichever is the latest. An amount of EUR [amount (amount in words)] corresponding to 5% of the maximum grant amount (see Article 4.2), is retained by the EIT from the pre‐financing pre-financing payment and transferred into the 'Guarantee Fund'. 17.3 Interim payments — Amount — Calculation Not applicable 17.4 Payment of the balance — Amount — Calculation — Release of the amount retained for the Guarantee Fund The payment of the balance reimburses the remaining part of the eligible costs incurred by the KIC Partners for the implementation of the specific action. If the total amount of earlier payments is greater than the final grant amount (see Article 10 FPA), the payment of the balance takes the form of a recovery (see Article 50 FPA). If the total amount of earlier payments is lower than the final grant amount, the EIT will pay the balance within 90 days from receiving the final report (see Article 16), except if Articles 53 or 54 FPA apply. Payment is subject to the approval of the final report. Its approval does not imply recognition of the compliance, authenticity, completeness or correctness of its content.

PAYMENTS AND PAYMENT ARRANGEMENTS. ‌ 17.1 Payments to be made The following payments will be made to the KIC LE: ‐ - one pre‐financing pre-financing payment; ‐ - one payment of the balance, on the basis of the request for payment of the balance (see Article 16). 17.2 Pre‐financing Pre-financing payment — Amount — Amount retained for the Guarantee Fund The aim of the pre‐financing pre-financing is to provide the KIC Partners with a float. It remains the property of the EIT until the payment of the balance. The amount of the pre‐financing pre-financing payment will be EUR [amount 54,562,630.69 (amount in wordsfifty-four million, five hundred sixty-two thousand, six hundred thirty euro and sixty-nine eurocent)]. The EIT will — except if Article 54 FPA applies — make the pre‐financing pre-financing payment to the KIC LE within 30 days either from the entry into force of the Specific Agreement (see Article 21) or from 10 days before the starting date of the specific action (see Article 3), whichever is the latest. An amount of EUR [amount 3,953,813.82 (amount in words)] three million, nine hundred fifty-three thousand, eight hundred thirteen euro and eighty-two eurocent) corresponding to 5% of the maximum grant amount (see Article 4.2), is retained by the EIT from the pre‐financing pre-financing payment and transferred into the 'Guarantee Fund'. 17.3 Interim payments — Amount — Calculation Not applicable 17.4 Payment of the balance — Amount — Calculation — Release of the amount retained for the Guarantee Fund The payment of the balance reimburses the remaining part of the eligible costs incurred by the KIC Partners for the implementation of the specific action. If the total amount of earlier payments is greater than the final grant amount (see Article 10 FPA), the payment of the balance takes the form of a recovery (see Article 50 FPA). If the total amount of earlier payments is lower than the final grant amount, the EIT will pay the balance within 90 days from receiving the final report (see Article 16), except if Articles 53 or 54 FPA apply. Payment is subject to the approval of the final report. Its approval does not imply recognition of the compliance, authenticity, completeness or correctness of its content.

PAYMENTS AND PAYMENT ARRANGEMENTS. 17.1 Payments to be made The following payments will be made to the KIC LE: ‐ - one pre‐financing pre-financing payment; ‐ - one payment of the balance, on the basis of the request for payment of the balance (see Article 16). 17.2 Pre‐financing Pre-financing payment — Amount — Amount retained for the Guarantee Fund The aim of the pre‐financing pre-financing is to provide the KIC Partners with a float. It remains the property of the EIT until the payment of the balance. The amount of the pre‐financing pre-financing payment will be EUR [amount 38,573,178.51 (amount in wordsthirty-eight million five hundred seventy-three thousand one hundred seventy-eight euro and fifty-one cent)]. The EIT will — except if Article 54 FPA applies — make the pre‐financing pre-financing payment to the KIC LE within 30 days either from the entry into force of the Specific Agreement (see Article 21) or from 10 days before the starting date of the specific action (see Article 3), whichever is the latest. An amount of EUR [amount 2,755,227.04 (amount in words)] two million seven hundred fifty-five thousand two hundred twenty-seven euro and four cent) corresponding to 5% of the maximum grant amount (see Article 4.2), is retained by the EIT from the pre‐financing pre-financing payment and transferred into the 'Guarantee Fund'. 17.3 Interim payments — Amount — Calculation Not applicable 17.4 Payment of the balance — Amount — Calculation — Release of the amount retained for the Guarantee Fund The payment of the balance reimburses the remaining part of the eligible costs incurred by the KIC Partners for the implementation of the specific action. If the total amount of earlier payments is greater than the final grant amount (see Article 10 FPA), the payment of the balance takes the form of a recovery (see Article 50 FPA). If the total amount of earlier payments is lower than the final grant amount, the EIT will pay the balance within 90 days from receiving the final report (see Article 16), except if Articles 53 or 54 FPA apply. Payment is subject to the approval of the final report. Its approval does not imply recognition of the compliance, authenticity, completeness or correctness of its content.