Double funding definition

Double funding means funding provided in violation of Article 9 of the RRF Regulation.
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Double funding means the situation where the same costs for the same activity are funded twice through the use of public funds. It is a fundamental principle underpinning the rules for public expenditure in the EU that no costs for the same activity can be funded twice from the EU budget. It is not allowed in any circumstances. The Beneficiary undertakes to follow this rule. The Beneficiary may not use the grant awarded by the Contractor to cover activities other than those related to the Project.
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Double funding means the situation where the same costs for the same activity are funded twice through the use of public funds. It is a fundamental principle underpinning the rules for public expenditure in the EU that no costs for the same activity can be funded twice from the EU budget. It is not allowed in any circumstances. The Third Party undertakes to follow this rule. The Third Party cannot use funds received under this Agreement to cover activities other than the ones related to the Third Party Project. All payment requests under this Agreement must be submitted to CISPA together with the agreed deliverable and any required cost claim documents. Upon approval of the deliverable and reports and documents by CISPA, funding will be transferred to the Third Party. CISPA is entitled to reduce the amount payable in case of improper implementation of the Third Party Project or insufficient reports and documentation. The Third Party shall be responsible for its costs and for the costs’ eligibility for funding, and for keeping all required records and accounts for its costs. CISPA will claim back any amount that was unduly paid. The Third Party must also keep any information and supporting documentation regarding the verification of proper implementation of the Third Party Project (including achievement of the agreed Results and deliverables, evaluation of impact) and the verification of compliance with obligations under this Agreement, and make such information and supporting documentation available to CISPA or the Funding Authority upon request. The Third Party must keep the original documents for at least 6 years after the Third Party Project ends. Digital and digitised documents can be considered originals if authorised by the applicable national law. If there are on-going checks, reviews, audits, investigations, litigation or other pursuits of claims under the Agreement, the Third Party must keep the records and other supporting documentation until such checks, reviews, audits, investigations, litigation or other pursuits of claims under the Agreement are resolved.
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Examples of Double funding in a sentence

  • Double funding is not allowed.Proposals not meeting the formal criteria described above will be rejected at this stage.

  • Double funding A project cannot receive funding for activities or works that are already being funded by another Government scheme or programme as this would be double funding.

  • Double funding is not allowed.Proposals not meeting the formal criteria will be rejected at this stage.

  • Double funding or failure to report available financial support provided by other funding agencies may require, as determined at the sole discretion of SAO-FRA, the return of all funds awarded by SAO-FRA.

  • Double funding of activities already have contributions is not acceptable.

  • Double funding is not allowed.• Each partner can participate in more than 1 partnership proposal per cutoff date.

  • Overhead costs are eligible for SMEs only.4) Each partner of the consortium must clearly present the targeted goals and tasks within the project, including a timetable, a financial overview, and a description of the collaboration with the international project partners.5) Double funding is not possible.6) The German project partners of positively evaluated full proposals will, at a later stage, be invited to submit national application forms (AZA or AZK) using the electronic proposal assistant “easy”.

  • Double funding occurs where the same costs for the same activity are funded twice through the use of public funds.

  • Double funding should be avoided and clarity is required.” If the WG does not address this issue, this creates difficulties in classifying the support under the appropriate AoA box.

  • Costs for equipment and services intended for public use (copying machine or printer publicly used, phone bills, copying service, etc.) should be covered from the overhead.2.5 Double funding of activities is not acceptable.


More Definitions of Double funding

Double funding means the situation wheíe the same costs foí the same activity aíe funded twice thíough the use of public r"⭲ds. It is a r"⭲damc⭲tal píi⭲ciplc "⭲dcípi⭲⭲i⭲g tkc í"lcs roí p"blic cxpc⭲dit"íc i⭲ tkc EU tkat ⭲o costs roí tkc samc acti:itQ ca⭲ bc r"⭲dcd twicc ríom tkc EU b"dgct. Moíc o⭲ tkis Qo" ca⭲ ri⭲d "⭲dcí “Financial guidelines foí applicants”.
Sample 1
Double funding means the situation where the same costs for the same activity are funded twice through the use of public funds. It is a fundamental principle underpinning the rules for public expenditure in the EU that no costs for the same activity can be funded twice from the EU budget. More on this you can find under “Financial guidelines for applicants”.
Sample 1

Related to Double funding

  • Table funding means a settlement at which a mortgage loan is funded by a contemporaneous advance of loan funds and an assignment of the loan to the person advancing the funds.

  • Loan Group II The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group II.

  • Loan Group I The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group I.

  • Reportable Fund means any 1940-Act registered open end investment company for which an Adviser serves as investment adviser as defined in Section 2(a)(2) of the 1940 Act, or any 1940-Act registered investment company whose investment adviser or principal underwriter Controls an Adviser, is Controlled by an Adviser or is under common Control with an Adviser.

  • Group I The pool of Mortgage Loans identified in the related Schedules of Mortgage Loans as having been assigned to Group I, including any Qualified Replacement Mortgages delivered in replacement thereof and each Subsequent Mortgage Loan delivered to the Trust for inclusion therein.

  • Loan Group 4 The Group 4 Mortgage Loans.

  • Loan Group III The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group III.

  • Loan Group IV The group of Mortgage Loans comprised of the Group IV Loans.

  • Loan Group 2 The Group 2 Mortgage Loans.

  • Loan Group 5 The Group 5 Mortgage Loans.

  • Note Interest Shortfall means, for a Class and a Payment Date, an amount equal to the excess, if any, of the Accrued Note Interest for the prior Payment Date for the Class over the amount of interest that was paid to the Noteholders of that Class on the prior Payment Date, together with interest on the excess amount, to the extent lawful, at the Note Interest Rate for the Class for that Interest Period.

  • Eligible Fund means an open-end fund managed by Xxxxxx and designated by the Boards as a fund that may be chosen by a Participant as a fund in which the Participant’s Account may be deemed to be invested.

  • Overcollateralization Deficiency For any Distribution Date will be equal to the amount, if any, by which (x) the Targeted Overcollateralization Amount for such Distribution Date exceeds (y) the Overcollateralization Amount for such Distribution Date, calculated for this purpose after giving effect to the reduction on such Distribution Date of the aggregate Class Principal Balance of the Certificates resulting from the payment of the Principal Payment Amount on such Distribution Date, but prior to allocation of any Applied Loss Amount on such Distribution Date.

  • Loan Group II Cap With respect to the Group II Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group II Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Loan Group 1 All Mortgage Loans identified as Loan Group 1 Mortgage Loans on the Mortgage Loan Schedule.

  • Group II The pool of Mortgage Loans identified in the related Schedules of Mortgage Loans as having been assigned to Group II, including any Qualified Replacement Mortgages delivered in replacement thereof and each Subsequent Mortgage Loan delivered to the Trust for inclusion therein.

  • Loan Group I Cap With respect to the Group I Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group I Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Class A Note Interest Shortfall means, for any distribution date, the excess of: • the Class A Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class A noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the interest rate applicable for each related class of notes from that preceding distribution date to the current distribution date.

  • Group 1 Available Funds As to any Distribution Date, the sum of (a) the aggregate amount held in the Collection Account at the close of business on the related Servicer Remittance Date and, without duplication, on deposit in the Distribution Account at the close of business of the related Distribution Account Deposit Date, attributable to the Group 1 Mortgage Loans net of (i) the Amount Held for Future Distribution related to the Group 1 Mortgage Loans, (ii) amounts related to the Group 1 Mortgage Loans permitted to be withdrawn from the Collection Account pursuant to clauses (i)-(viii) inclusive and clauses (ix)(a)(ii) and (iii), (ix)(b), (x) and (xi) of Section 3.10(a), (iii) after giving effect to all amounts deposited to the Distribution Account from the Collection Account, amounts related to the Group 1 Mortgage Loans permitted to be withdrawn from the Distribution Account pursuant to clauses (i)-(iv) inclusive of Section 3.10(b), and (iv) any Fair Market Value Excess, (b) the amount of the related Advances related to the Group 1 Mortgage Loans and (c) in connection with Defective Mortgage Loans in Loan Group 1, as applicable, the aggregate of the Purchase Prices and Substitution Adjustment Amounts deposited on the related Distribution Account Deposit Date.

  • Overcollateralization Deficiency Amount With respect to any Distribution Date, the amount, if any, by which the Overcollateralization Target Amount exceeds the Overcollateralized Amount on such Distribution Date (assuming that 100% of the Principal Remittance Amount is applied as a principal distribution on such Distribution Date).

  • Loan Group 3 The Group 3 Mortgage Loans.

  • Class B Note Interest Shortfall means, for any distribution date, the excess of: • the Class B Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class B noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the class B note interest rate from that preceding distribution date to the current distribution date.

  • Available Funds means, with respect to any Payment Date, (1) the sum of the following amounts, without duplication, with respect to the Receivables in respect of the Collection Period preceding such Payment Date: (a) all collections on Receivables, (b) Advances, (c) all Liquidation Proceeds attributable to the Receivables that became Liquidated Receivables during such Collection Period in accordance with the Servicer’s customary servicing procedures and all Recoveries, (d) the Purchase Amount of each Receivable that became a Purchased Receivable as of the last day of the related Collection Period, (e) partial prepayments relating to refunds of warranty or insurance financed by the respective Obligor thereon as part of the original contract and only to the extent not included under clause (a) above, (f) amounts on deposit in the Reserve Account after giving effect to all other deposits and withdrawals thereto or therefrom on the Payment Date relating to such Collection Period in excess of the Required Reserve Amount, (g) amounts on deposit in the Negative Carry Account, if any, after giving effect to all other deposits and withdrawals thereto and therefrom on the Payment Date relating to such Collection Period in excess of the Required Negative Carry Account Balance, (h) Investment Earnings for the related Payment Date, (i) any Collection Account Redeposits for the related Payment Date, (j) all amounts received from the Indenture Trustee pursuant to Section 5.04 of the Indenture and (k) the net amount paid to the Trust under the Interest Rate Swaps since the preceding Payment Date, if any, minus (2) the Servicing Fee, reimbursements for Advances and other amounts payable to the Servicer pursuant to Section 4.08 of the Sale and Servicing Agreement for the related Payment Date (unless the Servicer elects to defer part or all of such fee); provided, however, that in calculating Available Funds all payments and proceeds (including Liquidation Proceeds) of any Purchased Receivables the Purchased Amount of which has been included in Available Funds in a prior Collection Period shall be excluded. Available Funds for each Payment Date will not include, and the amount of Available Funds will not be reduced by, the amount of any Supplemental Servicing Fees.

  • Loan Group 1 Principal Distribution Amount With respect to any Distribution Date, that portion, if any, of the Principal Distribution Amount attributable to Loan Group 1.

  • Senior Certificate Group As specified in the Preliminary Statement.

  • Loan Group Any of Loan Group 1 or Loan Group 2, as applicable.