Common use of TREATMENT OF RECEIPTS Clause in Contracts

TREATMENT OF RECEIPTS. (1) Receipts for the purposes of IPA include revenue earned by an operation, during the period of its co-financing, from sales, rentals, service enrolment/fees or other equivalent receipts with the exception of: (a) receipts generated through the economic lifetime of the co-financed investments in the case of investments in firms; (b) receipts generated within the framework of a financial engineering measure, including venture capital and loan funds, guarantee funds, leasing; (c) where applicable, contributions from the private sector to the co-financing of operations, which shall be shown alongside public contribution in the financing tables of the programme. (2) Receipts as defined in paragraph 1 above represent income which shall be deducted from the amount of eligible expenditure for the operation concerned. No later than the closure of the programme, such receipts shall be deducted from the relevant operation's eligibility expenditure in their entirety or pro-rata, depending on whether they were generated entirely or only in part by the co-financed operation.

TREATMENT OF RECEIPTS. (1) Receipts for the purposes of IPA include revenue earned by an operation, during the period of its co-financing, from salessa- les, rentals, service enrolment/fees or other equivalent receipts with the exception of: (a) receipts generated through the economic lifetime of the co-co- financed investments in the case of investments in firms; (b) receipts generated within the framework of a financial engineering engi- neering measure, including venture capital and loan funds, guarantee funds, leasing; (c) where applicable, contributions from the private sector to the co-financing of operations, which shall be shown alongside public contribution in the financing tables of the programme. (2) Receipts as defined in paragraph 1 above represent income which shall be deducted from the amount of eligible expenditure expen- diture for the operation concerned. No later than the closure of the programme, such receipts shall be deducted from the relevant operation's ’s eligibility expenditure in their entirety or pro-rata, depending on whether they were generated entirely or only in part by the co-financed operation.

TREATMENT OF RECEIPTS. (1) Receipts for the purposes of IPA include revenue earned by an operation, during the period of its co-financing, from salessa- les, rentals, service enrolment/fees or other equivalent receipts with the exception of: (a) receipts generated through the economic lifetime of the co-co- financed investments in the case of investments in firms; (b) receipts generated within the framework of a financial engineering engi- neering measure, including venture capital and loan funds, guarantee funds, leasing; (c) where applicable, contributions from the private sector to the co-financing of operations, which shall be shown alongside public contribution in the financing tables of the programme. (2) Receipts as defined in paragraph 1 above represent income which shall be deducted from the amount of eligible expenditure expen- diture for the operation concerned. No later than the closure of the programme, such receipts shall be deducted from the relevant operation's ’s eligibility expenditure in their entirety or pro-rata, depending on whether they were generated entirely or only in part by the co-financed operation.entirely

TREATMENT OF RECEIPTS. (1) Receipts for the purposes of IPA include revenue earned by an operation, during the period of its co-financing, from sales, rentals, service enrolment/fees or other equivalent receipts with the exception of: (a) receipts generated through the economic lifetime of the co-financed investments in the case of investments in firms; (b) receipts generated within the framework of a financial engineering measure, including venture capital and loan funds, guarantee funds, leasing; (c) where applicable, contributions from the private sector to the co-co- financing of operations, which shall be shown alongside public contribution in the financing tables of the programme. (2) Receipts as defined in paragraph 1 above represent income which shall be deducted from the amount of eligible expenditure for the operation concerned. No later than the closure of the programme, such receipts shall be deducted from the relevant operation's eligibility expenditure in their entirety or pro-pro- rata, depending on whether they were generated entirely or only in part by the co-financed operation.

TREATMENT OF RECEIPTS. (1) Receipts for the purposes of IPA include revenue earned by an operation, during the period of its co-financing, from salessa- les, rentals, service enrolment/fees or other equivalent receipts with the exception of: (a) receipts generated through the economic lifetime of the co-co- financed investments in the case of investments in firms; (b) receipts generated within the framework of a financial engineering engi- neering measure, including venture capital and loan funds, guarantee funds, leasing; (c) where applicable, contributions from the private sector to the co-financing of operations, which shall be shown alongside public contribution in the financing tables of the programme. (2) Receipts as defined in paragraph 1 above represent income which shall be deducted from the amount of eligible expenditure expen- diture for the operation concerned. No later than the closure of the programme, such receipts shall be deducted from the relevant operation's eligibility expenditure in their entirety or pro-rata, depending on whether they were generated entirely or only in part by the co-financed operation.