Common use of The financial contribution of the Union Clause in Contracts

The financial contribution of the Union. 1. The financial contribution of the Union to the project shall be determined per activity and per beneficiary on the basis of the actual eligible costs and/or to the flat rates and/or lump sums accepted by the REA. 2. The conditions for the application of the flat-rates and/or lump sums are indicated in Annex III. The maximum amount of the flat-rates and/or lump sums is determined according to the reference rates established in the Work Programme and the total estimated amount of the financial contribution of the Union is indicated in Annex I. 3. The financial contribution of the Union shall be calculated by reference to the cost of the project as a whole and its reimbursement shall be based on the accepted costs of each beneficiary. 4. The financial contribution of the Union cannot give rise to any profit for any beneficiary. For this purpose, at the time of the submission of the last financial statement, the final amount of the financial contribution of the Union will take into account any receipts of the project received by each beneficiary. For each beneficiary, the financial contribution of the Union cannot exceed the eligible costs minus the receipts for the project. 5. The total amount of payments by the Union shall not exceed in any circumstances the maximum amount of the financial contribution of the Union referred to in Article 5. 6. Without prejudice to the right to terminate the grant agreement under Article II.37, and without prejudice to the right of the REA and of the Commission to apply the penalties referred to in Articles II.23 and II.24, if the project is not implemented or is implemented poorly, partially or late, the REA may reduce the grant initially provided for in line with the actual implementation of the project on the terms laid down in this grant agreement. 7. Financing in the form of flat rates and/or lump sums is limited to the amounts established in Annex I. If the conditions or grounds for granting these contributions are not fulfilled or are only partially fulfilled on completion of the project, the REA shall withdraw or reduce the contribution in line with the actual extent of fulfilment of the conditions or requirements.

The financial contribution of the Union. 1. The financial contribution of the Union to the project shall be determined per activity and per beneficiary on the basis of the actual eligible costs and/or to the flat rates and/or lump sums accepted by the REA. 2. The conditions for the application of the flat-rates and/or lump sums are indicated in Annex III. The maximum amount of the flat-rates and/or lump sums is determined according to the reference rates established in the Work Programme and the total estimated amount of the financial contribution of the Union is indicated in Annex I. 3. The financial contribution of the Union shall be calculated by reference to the cost of the project as a whole and its reimbursement shall be based on the accepted costs of each the beneficiary. 4. The financial contribution of the Union cannot give rise to any profit for any the beneficiary. For this purpose, at the time of the submission of the last financial statement, the final amount of the financial contribution of the Union will take into account any receipts of the project received by each the beneficiary. For each beneficiary, the The financial contribution of the Union cannot exceed the eligible costs minus the receipts for the project. 5. The total amount of payments by the Union shall not exceed in any circumstances the maximum amount of the financial contribution of the Union referred to in Article 54. 6. Without prejudice to the right to terminate the grant agreement under Article II.37II.33, and without prejudice to the right of the REA and of the Commission to apply the penalties referred to in Articles II.23 II.22 and II.24II.23, if the project is not implemented or is implemented poorly, partially or late, the REA may reduce the grant initially provided for in line with the actual implementation of the project on the terms laid down in this grant agreement. 7. Financing in the form of flat rates and/or lump sums is limited to the amounts established in Annex I. If the conditions or grounds for granting these contributions are not fulfilled or are only partially fulfilled on completion of the project, the REA shall withdraw or reduce the contribution in line with the actual extent of fulfilment of the conditions or requirements.

The financial contribution of the Union. 1. The financial contribution of the Union to the project shall be determined per activity and per beneficiary on the basis of the actual eligible costs and/or to the flat rates and/or lump sums accepted by the REA. 2. The conditions for the application of the flat-rates and/or lump sums are indicated in Annex III. The maximum amount of the flat-rates and/or lump sums is determined according to the reference rates established in the Work Programme and the total estimated amount of the financial contribution of the Union is indicated in Annex I. 3. The financial contribution of the Union shall be calculated by reference to the cost of the project as a whole and its reimbursement shall be based on the accepted costs of each beneficiary. 4. The financial contribution of the Union cannot give rise to any profit for any beneficiary. For this purpose, at the time of the submission of the last financial statement, the final amount of the financial contribution of the Union will take into account any receipts of the project received by each beneficiary. For each beneficiary, the financial contribution of the Union cannot exceed the eligible costs minus the receipts for the project. 5. The total amount of payments by the Union shall not exceed in any circumstances the maximum amount of the financial contribution of the Union referred to in Article 5. 6. Without prejudice to the right to terminate the grant agreement under Article II.37, and without prejudice to the right of the REA and of the Commission to apply the penalties referred to in Articles II.23 and II.24, if the project is not implemented or is implemented poorly, partially or late, the REA may reduce the grant initially provided for in line with the actual implementation of the project on the terms laid down in this grant agreement. 7. Financing in the form of flat rates and/or lump sums is limited to the amounts established in Annex I. If the conditions or grounds for granting these contributions are not fulfilled or are only partially fulfilled on completion of the project, the REA shall withdraw or reduce the contribution in line with the actual extent of fulfilment fulfillment of the conditions or requirements.