REQUESTS FOR PAYMENTS AND PAYMENT ARRANGEMENTS Sample Clauses

REQUESTS FOR PAYMENTS AND PAYMENT ARRANGEMENTS. 5.1 Pre-financing payments — Requests for further pre-financing payments The pre-financing is intended to provide the PRIMA Foundation with a float. It remains the property of the EU until the payment of the balance. Pre-financing split in several instalments: A first pre-financing payment of EUR [insert amount] shall be paid to the PRIMA Foundation within 30 days [[of the entry into force of this Transfer of Funds Agreement] [of [insert a date later than the entry into force of the Transfer of Funds Agreement]], unless payments are suspended (see Article 30 of the Delegation Agreement). Option [A second pre-financing payment of EUR [insert amount] shall be paid to the PRIMA Foundation within 30 days of [insert date], unless payments are suspended (see Article 30 of the Delegation Agreement).] Further pre-financing payments triggered by the end of an implementation period The PRIMA Foundation shall submit a request for a further pre-financing payment within 45 days of the end of each period of implementation of: - EUR [insert amount] as of 31 December [insert year]. - [same for further periods of implementation]. The request for a further pre-financing payment shall be accompanied by the reports referred to in Article 19.1.1 of the Delegation Agreement. If the expenditure incurred for the entrusted tasks in the implementation period is less than the pre-financing already paid to the PRIMA Foundation, the Commission will deduct the difference from the next instalment. If the expenditure incurred for the entrusted tasks in the implementation period is more than the pre-financing already paid to the consortium, the Commission will add the difference to the next instalment. Each pre-financing instalment shall be paid to the PRIMA Foundation within 90 days of receipt of the request for payment and of all the accompanying documents referred to in Article 19.1 of the Delegation Agreement, unless the payment deadline or payments are suspended (see Articles 29 and 30 of the Delegation Agreement).
Sample 1
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REQUESTS FOR PAYMENTS AND PAYMENT ARRANGEMENTS. 5.1 Pre-financing payments — Requests for further pre-financing payments The pre-financing is intended to provide the PRIMA Foundation with a float. It remains the property of the EU until the payment of the balance. Pre-financing split in several instalments For the year 2021 and subject to the approval by the Commission of the 2021 annual work plan, a first pre - financing payment of EUR [insert amount] shall be paid to the PRIMA Foundation according to the following schedule, unless payments are suspended (see Article 30 of the Delegation Agreement): - EUR [insert amount] shall be paid within 30 days of the approval by the Commission of the 2021 annual work plan; - EUR [insert amount] shall be paid within 30 days of reception of the payment request to be sent by the PRIMA Foundation by 1 November 2021.
Sample 1

Related to REQUESTS FOR PAYMENTS AND PAYMENT ARRANGEMENTS

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