Common use of Payments to projects Clause in Contracts

Payments to projects. Payments of the project grant to project promoters may take the form of advance payments, interim payments and payments of the final balance. The level of advance payments and their off-set mechanism shall be set in Annex II to this Agreement.

Payments to projects. ‌ Payments of the project grant to project promoters may take the form of advance payments, interim payments and payments of the final balance. The level of advance payments and their off-set mechanism shall be set in Annex II to this Agreement.

Payments to projects. 1. Payments of the project grant to project promoters may take the form of advance payments, interim payments and payments of the final balance. The level of advance payments and their off-set mechanism shall be set in Annex II to this Agreement. 2. The Fund Operator shall not deduct any fees or expenses of any kind from the payments to the project promoters. Transfer fees shall be paid by the Fund Operator from the management costs.

Payments to projects. ‌ 1. Payments of the project grant to project promoters may take the form of advance payments, interim payments and payments of the final balance. The level of advance payments and their off-set mechanism shall be set in Annex II to this Agreement. 2. The Fund Operator shall not deduct any fees or expenses of any kind from the payments to the project promoters. Transfer fees shall be paid by the Fund Operator from the management costs.