Common use of FINAL PROVISIONS Clause in Contracts

FINAL PROVISIONS. 1. This Agreement shall enter into force on the date on which the Parties have notified each other of the completion of their internal procedures necessary for that purpose. 2. This Agreement shall apply from 1 January 2023. It shall remain in force for as long as is necessary for all the projects, actions or activities financed from the Programme, all the actions necessary to protect the financial interests of the European Union and all the financial obligations stemming from the implementation of this Agreement between the Parties to be completed. 3. The Union and Serbia may apply this Agreement provisionally in accordance with their respective internal procedures and legislation. The provisional application shall begin on the date on which the Parties have notified each other of the completion of their internal procedures necessary for that purpose. 4. Should Serbia notify the Commission acting on behalf of the Union that it will not complete its internal procedures necessary for the entry into force of this Agreement, this Agreement shall cease to apply provisionally on the date of receipt of this notification by the Commission, which shall constitute the cessation date for the purposes of this Agreement. 5. The application of this Agreement may be suspended by the European Union in case of non-payment of the financial contribution due by Serbia in accordance with point II paragraph 3 of Xxxxx X. Suspension of the application of this Agreement shall be notified by the European Union to Serbia by a formal letter of notification which shall take effect 30 days following the receipt of this notification by Serbia. In case the application of this Agreement is suspended, legal entities established in Serbia shall not be eligible to participate in award procedures not yet completed when the suspension takes effect. An award procedure shall be considered completed when legal commitments have been entered into as a result of that procedure. The suspension does not affect the legal commitments entered into with the legal entities established in Serbia before the suspension took effect. This Agreement shall continue to apply to such legal commitments. The European Union shall immediately notify Serbia once the entire amount of the financial or operational contribution due has been received by it. The suspension shall be lifted with an immediate effect upon this notification. As of the date when the suspension is lifted, legal entities of Serbia shall be again eligible in award procedures launched after this date and in award procedures launched before this date, for which the deadlines for submission of applications has not expired. 6. Either Party may terminate this Agreement at any time by a written notification informing of the intent to terminate it. The termination shall take effect three calendar months after the date on which the written notification reaches its addressee. The date on which the termination takes effect shall constitute the termination date for the purposes of this Agreement. 7. Where this Agreement ceases to apply provisionally in accordance with paragraph

FINAL PROVISIONS. 1. This Agreement shall enter into force on the date on which when the Parties have notified each other of the completion of their internal procedures necessary for that purpose. 2. This Agreement shall apply from 1 January 20232021. It shall remain in force for as long as is necessary for all the projects, actions or projects and activities financed from the Erasmus+ Programme, all the actions necessary to protect the financial interests of the European Union and all the financial obligations stemming from the implementation of this Agreement between the Parties to be completed. 3. The Serbia and the Union and Serbia may apply this Agreement provisionally in accordance with their respective internal procedures and legislation. The provisional application shall begin on the date on which the Parties have notified each other of the completion of their internal procedures necessary for that purpose. 4. Should Serbia notify the Commission acting on behalf of the Union that it will not complete its internal procedures necessary for the this entry into force of this Agreement, this Agreement shall cease to apply provisionally on the date of receipt of this notification by the Commission, Commission which shall constitute the cessation date for the purposes of this Agreement. 5. The application of this Agreement may be suspended by at the European initiative of the Union in case of non-non- payment of the financial or operational contribution due by Serbia in accordance with point as described under Point II paragraph 3 of Xxxxx X. Annex I. Suspension of the application of this Agreement shall be notified by the European Union Commission to Serbia by a formal letter of notification which shall take effect 30 days following the receipt of this notification by Serbia. In case the application of this Agreement is suspended, legal entities established in Serbia shall not be eligible to participate in award procedures not yet completed when the suspension takes effect. An award procedure shall be considered completed when legal commitments have been entered into as a result of that procedure. The suspension does not affect the legal commitments entered into with the legal entities established in Serbia before the suspension took effect. This Agreement shall continue to apply to such legal commitments. The European Union shall immediately notify Serbia once the entire amount of the financial or operational contribution due has been received by itthe Commission. The suspension shall be lifted with an immediate effect upon this notification. As of the date when the suspension is lifted, legal entities of Serbia shall be again eligible in award procedures launched after this date and in award procedures launched before this date, for which the deadlines for submission of applications has not expired. 6. Either Party may terminate this Agreement at any time by a written notification informing of the intent to terminate it. The termination shall take effect three calendar months after the date on at which the written notification reaches its addressee. The date on which the termination takes effect shall constitute the termination date for the purposes of this Agreement. 7. Where this Agreement ceases to apply provisionally in accordance with paragraphparagraph (4) or is terminated in accordance with paragraph (6), the Parties agree that: (a) projects or actions in respect of which legal commitments have been entered into during the provisional application and/or after the entry into force of this Agreement, and before this Agreement ceases to apply or is terminated, shall continue until their completions under the conditions laid down in this Agreement; (b) the annual financial contribution of the year N during which this Agreement ceases to apply provisionally or is terminated shall be paid entirely in accordance with Article 3. The Parties shall settle by common consent any other consequences of termination or cessation of provisional application of this Agreement. 8. This Agreement may only be amended in writing by common consent of the Parties. The entry into force of the amendments will follow the same procedure as that applicable for the entry into force of this Agreement. 9. The Annexes to this Agreement shall form an integral part of this Agreement. This Agreement shall be drawn up in duplicate in English. Done at Brussels, this 24th day of November Done at Belgrade, this 18th day of November in the year two thousand and twenty-one. in the year two thousand and twenty-one. For Serbia For the Commission, on behalf of the Union, I. Calculation of Serbia’s financial contribution 1. The financial contribution of Serbia to the Erasmus+ Programme shall be established on a yearly basis in proportion to, and in addition to, the amount available each year in the Union budget for commitment appropriations needed for the management, execution and operation of the Erasmus+ Programme. 2. The participation fee referred to in Article 3(7) of this Agreement shall be phased in as follows: - 2021: 0,5%; - 2022: 1%; - 2023: 1,5%; - 2024: 2%; - 2025: 2,5%; - 2026: 3%; - 2027: 4%. 3. In accordance with Article 3(5) of this Agreement, the initial operational contribution to be paid by Serbia for its participation in the Erasmus+ Programme will be calculated for the respective financial years by applying an adjustment to the contribution key. The adjustment to the contribution key shall be: Contribution Key Adjusted = Contribution Key × 𝐶𝑜𝑒𝑓𝑓𝑖𝑐𝑖𝑒𝑛𝑡 The coefficient used for the above calculation to adjust the contribution key shall be 0.7. This yearly operational contribution integrates a contribution to the external strand of the programme financed through the Neighbourhood Development and International Cooperation Instrument and the Instrument of Pre-Accession assistance III. II. Payment of Serbia’s financial contribution 1. The Commission shall communicate to Serbia, as soon as possible and at the latest when issuing the first call for funds of the financial year, the following information: a. the amounts in commitment appropriations in the Union budget definitively adopted for the year in question for the budget lines covering participation of Serbia, in the Erasmus+ Programme; b. the amount of the participation fee referred to in Article 3(7) of this Agreement. On the basis of its Draft Budget, the Commission shall provide an estimate of information for the following year under points (a) and (b) as soon as possible, and, at the latest, by 1 September of the financial year. 2. The Commission shall issue, at the latest in June of each financial year, a call for funds to Serbia corresponding to its contribution under this Agreement. Each call for funds shall provide for the payment of Serbia's contribution not later than 45 days after the call for funds is issued. For the first year of implementation of this Agreement, the Commission shall issue the call for funds, within 60 days of the signature of this Agreement. 3. Serbia shall pay its financial contribution under this Agreement in accordance with Article 3 Paragraph 3 of this Agreement. In the absence of payment by Serbia by the due date, the Commission shall send a formal letter of reminder. Any delay in the payment of the financial contribution shall give rise to the payment of default interest by Serbia on the outstanding amount from the due date. The interest rate for amounts receivable not paid on the due date shall be the rate applied by the European Central Bank to its principal refinancing operations, as published in the C series of the Official Journal of the European Union, in force on the first calendar day of the month in which the due date falls, increased by one and half percentage points. In case the delay in the payment of the contribution is such that it may significantly jeopardise the implementation and management of the Erasmus+ Programme, participation of Serbia in the Erasmus+ Programme may be suspended by the Commission following the absence of payment 20 working days after a formal letter of reminder, without prejudice to the Union's obligations according to grant agreements and/or contracts already concluded pertaining to the implementation of the indirect actions for which Serbia was selected.

FINAL PROVISIONS. 1. This Agreement shall enter into force on the date on which when the Parties have notified each other of the completion of their internal procedures necessary for that purpose. 2. This Agreement shall apply from 1 January 2023. It shall remain in force for as long as is necessary for all the projects, projects and actions or activities financed from the ProgrammeFiscalis programme, all the actions necessary to protect the financial interests of the European Union and all the financial obligations stemming from the implementation of this Agreement between the Parties to be completed. 3. The European Union and Serbia may apply this Agreement provisionally in accordance with their respective internal procedures and legislation. The provisional application shall begin on the date on which the Parties have notified each other of the completion of their internal procedures necessary for that purpose. 4. Should Serbia notify the Commission acting on behalf of the Union that it will not complete its internal procedures necessary for the entry into force of this Agreement, this Agreement shall cease to apply provisionally on the date of receipt of this notification by the Commission, which shall constitute the cessation date for the purposes of this Agreement. 5. The application of this Agreement may be suspended by the European Union in case of non-payment of the financial contribution due by Serbia as described in accordance with point II paragraph 3 of Xxxxx X. Suspension of the application of this Agreement shall be notified by the European Union Commission to Serbia by a formal letter of notification notification, which shall take effect 30 15 days following the receipt of this notification by Serbia. In case the application of this Agreement is suspended, legal entities established in Serbia shall not be eligible to participate in award procedures not yet completed when the suspension takes effect. An award procedure shall be considered completed when legal commitments have been entered into as a result of that procedure. The suspension does not affect the legal commitments entered into with the legal entities established in Serbia before the suspension took effect. This Agreement shall continue to apply to such legal commitments. The European Union shall immediately notify Serbia once the entire amount of the financial or operational contribution due has been received by itthe Commission. The suspension shall be lifted with an immediate effect upon this notification. As of the date when the suspension is lifted, legal entities of Serbia shall be again eligible in award procedures launched after this date and in award procedures launched before this date, for which the deadlines for submission of applications has not expired. 6. Either Party may terminate this the Agreement at any time by a written notification notice informing of the intent to terminate it. The termination shall take effect three calendar months after the date on at which the written notification notice reaches its addressee. The date on which the termination takes effect shall constitute the termination date for the purposes of this Agreement. 7. Where this Agreement ceases to apply provisionally in accordance with paragraphparagraph (5), or is terminated in accordance with paragraph (6), the Parties agree that: (a) projects or actions in respect of which legal commitments have been entered into during the provisional application and/or after the entry into force of this Agreement, and before this Agreement ceases to apply or is terminated shall continue until their completions under the conditions laid down in this Agreement; (b) the annual financial contribution of the year N during which this Agreement ceases to apply provisionally or is terminated shall be paid in accordance with Article (3). (c) following the year during which this Agreement ceases to apply provisionally or is terminated, Serbia, in case of accessing or operating the Common Communication Network/Common Systems Interface (CCN/CSI) and its applications, shall pay on annual basis the costs of it, as any non-associated country to the programme. The Commission shall communicate to Serbia the costs for accessing and operating CCN/CSI and its applications as soon as possible and at the latest when issuing the first call for funds of the financial year. The Parties shall settle by common consent any other consequences of termination or cessation of provisional application of this Agreement. 8. The Annexes to this Agreement form an integral part of this Agreement. 9. This Agreement may only be amended in writing by common consent of the Parties. The entry into force of the amendments will follow the same procedure as that applicable for the entry into force of this Agreement. This Agreement shall be drawn up in duplicate in English. Done at Brussels on 5/06/2023 Done at Belgrade on 5/10/2023 I. CALCULATION OF SERBIA’S FINANCIAL CONTRIBUTION (1) The financial contribution of Serbia to the Fiscalis programme shall be established on a yearly basis in proportion to, and in addition to, the amount available each year in the Union budget for commitment appropriations needed for the management, execution and operation of the Fiscalis programme. (2) The participation fee referred to in Article 3(7) of this Agreement shall be phased in as follows: 2023: 1,5%; 2024: 2%; 2025: 2,5%; 2026: 3%; 2027: 4%. (3) In accordance with Article 3(5) of this Agreement, the operational contribution to be paid by Serbia for its participation in the Fiscalis programme will be calculated for the respective financial years by applying an adjustment to the contribution key. The adjustment to the contribution key shall be: Contribution Key Adjusted = Contribution Key × Coefficient The coefficient used for the above calculation to adjust the contribution key shall be 0,65.

FINAL PROVISIONS. 1. This Agreement shall enter into force on the date on which when the Parties have notified each other of the completion of their internal procedures necessary for that purpose. 2. This Agreement shall apply from 1 January 20232021. It shall remain in force for as long as is necessary for all the projects, projects and actions or activities financed from the ProgrammeCustoms programme, all the actions necessary to protect the financial interests of the European Union and all the financial obligations stemming from the implementation of this Agreement between the Parties to be completed. 3. The European Union and Serbia may apply this Agreement provisionally in accordance with their respective internal procedures and legislation. The provisional application shall begin on the date on which the Parties have notified each other of the completion of their internal procedures necessary for that purpose. 4. Should Serbia notify the Commission acting on behalf of the Union that it will not complete its internal procedures necessary for the entry into force of this Agreement, this Agreement shall cease to apply provisionally on the date of receipt of this notification by the Commission, which shall constitute the cessation date for the purposes of this Agreement. 5. The application of this Agreement may be suspended by the European Union in case of non-payment of the financial contribution due by Serbia as described in accordance with point II paragraph 3 of Xxxxx X. Suspension of the application of this Agreement shall be notified by the European Union Commission to Serbia by a formal letter of notification notification, which shall take effect 30 15 days following the receipt of this notification by Serbia. In case the application of this Agreement is suspended, legal entities established in Serbia shall not be eligible to participate in award procedures not yet completed when the suspension takes effect. An award procedure shall be considered completed when legal commitments have been entered into as a result of that procedure. The suspension does not affect the legal commitments entered into with the legal entities established in Serbia before the suspension took effect. This Agreement shall continue to apply to such legal commitments. The European Union shall immediately notify Serbia once the entire amount of the financial or operational contribution due has been received by itthe Commission. The suspension shall be lifted with an immediate effect upon this notification. As of the date when the suspension is lifted, legal entities of Serbia shall be again eligible in award procedures launched after this date and in award procedures launched before this date, for which the deadlines for submission of applications has not expired. 6. Either Party may terminate this the Agreement at any time by a written notification notice informing of the intent to terminate it. The termination shall take effect three calendar months after the date on at which the written notification notice reaches its addressee. The date on which the termination takes effect shall constitute the termination date for the purposes of this Agreement. 7. Where this Agreement ceases to apply provisionally in accordance with paragraphparagraph (5), or is terminated in accordance with paragraph (6), the Parties agree that: (a) projects or actions in respect of which legal commitments have been entered into during the provisional application and/or after the entry into force of this Agreement, and before this Agreement ceases to apply or is terminated shall continue until their completions under the conditions laid down in this Agreement; (b) the annual financial contribution of the year N during which this Agreement ceases to apply provisionally or is terminated shall be paid in accordance with Article 3. (c) following the year during which this Agreement ceases to apply provisionally, Serbia, in case of accessing or operating the Common Communication Network/Common Systems Interface (CCN/CSI) and its applications,shall pay on annual basis the costs of it, as any non- associated country to the programme. The Commission shall communicate Serbia the costs for accessing and operating CCN/CSI and its applications as soon as possible and at the latest when issuing the first call for funds of the financial year. The Parties shall settle by common consent any other consequences of termination or cessation of provisional application of this Agreement. 8. The Annexes form an integral part of this Agreement. 9. This Agreement may only be amended in writing by common consent of the Parties. The entry into force of the amendments will follow the same procedure as that applicable for the entry into force of this Agreement. This Agreement shall be drawn up in duplicate in English. Done at Brussels on 5/06/2023 Done at Belgrade on 19. 06. 2023 programme (2021-2027) I. CALCULATION OF SERBIA’S FINANCIAL CONTRIBUTION (1) The financial contribution of Serbia to the Customs programme shall be established on a yearly basis in proportion to, and in addition to, the amount available each year in the Union budget for commitment appropriations needed for the management, execution and operation of the Customs programme. (2) The participation fee referred to in Article 3(7) of this Agreement shall be phased in as follows: 2021: 0,5%; 2022: 1%; 2023: 1,5%; 2024: 2%; 2025: 2,5%; 2026: 3%; 2027: 4%. (3) In accordance with Article 3(5) of this Agreement, the operational contribution to be paid by Serbia for its participation in the Customs programme will be calculated for the respective financial years by applying an adjustment to the contribution key. The adjustment to the contribution key shall be: The coefficient used for the above calculation to adjust the contribution key shall be 0,2.

FINAL PROVISIONS. 1. This Agreement shall enter into force on the date on which when the Parties have notified each other of the completion of their internal procedures necessary for that purpose. 2. This Agreement shall apply from 1 January 20232021. It shall remain in force for as long as is necessary for all the projects, projects and actions or activities financed from the ProgrammeCustoms programme, all the actions necessary to protect the financial interests of the European Union and all the financial obligations stemming from the implementation of this Agreement between the Parties to be completed. 3. The European Union and Serbia may apply this Agreement provisionally in accordance with their respective internal procedures and legislation. The provisional application shall begin on the date on which the Parties have notified each other of the completion of their internal procedures necessary for that purpose. 4. Should Serbia notify the Commission acting on behalf of the Union that it will not complete its internal procedures necessary for the entry into force of this Agreement, this Agreement shall cease to apply provisionally on the date of receipt of this notification by the Commission, which shall constitute the cessation date for the purposes of this Agreement. 5. The application of this Agreement may be suspended by the European Union in case of non-payment of the financial contribution due by Serbia as described in accordance with point II paragraph 3 of Xxxxx X. Suspension of the application of this Agreement shall be notified by the European Union Commission to Serbia by a formal letter of notification notification, which shall take effect 30 15 days following the receipt of this notification by Serbia. In case the application of this Agreement is suspended, legal entities established in Serbia shall not be eligible to participate in award procedures not yet completed when the suspension takes effect. An award procedure shall be considered completed when legal commitments have been entered into as a result of that procedure. The suspension does not affect the legal commitments entered into with the legal entities established in Serbia before the suspension took effect. This Agreement shall continue to apply to such legal commitments. The European Union shall immediately notify Serbia once the entire amount of the financial or operational contribution due has been received by itthe Commission. The suspension shall be lifted with an immediate effect upon this notification. As of the date when the suspension is lifted, legal entities of Serbia shall be again eligible in award procedures launched after this date and in award procedures launched before this date, for which the deadlines for submission of applications has not expired. 6. Either Party may terminate this the Agreement at any time by a written notification notice informing of the intent to terminate it. The termination shall take effect three calendar months after the date on at which the written notification notice reaches its addressee. The date on which the termination takes effect shall constitute the termination date for the purposes of this Agreement. 7. Where this Agreement ceases to apply provisionally in accordance with paragraphparagraph (5), or is terminated in accordance with paragraph (6), the Parties agree that: (a) projects or actions in respect of which legal commitments have been entered into during the provisional application and/or after the entry into force of this Agreement, and before this Agreement ceases to apply or is terminated shall continue until their completions under the conditions laid down in this Agreement; (b) the annual financial contribution of the year N during which this Agreement ceases to apply provisionally or is terminated shall be paid in accordance with Article 3. (c) following the year during which this Agreement ceases to apply provisionally, Serbia, in case of accessing or operating the Common Communication Network/Common Systems Interface (CCN/CSI) and its applications,shall pay on annual basis the costs of it, as any non- associated country to the programme., The Commission shall communicate Serbia the costs for accessing and operating CCN/CSI and its applications as soon as possible and at the latest when issuing the first call for funds of the financial year. The Parties shall settle by common consent any other consequences of termination or cessation of provisional application of this Agreement. 8. The Annexes form an integral part of this Agreement. 9. This Agreement may only be amended in writing by common consent of the Parties. The entry into force of the amendments will follow the same procedure as that applicable for the entry into force of this Agreement. This Agreement shall be drawn up in duplicate in English. Done at Brussels on 5/06/2023 Done at Belgrade on 19. 06. 2023 programme (2021-2027) I. CALCULATION OF SERBIA’S FINANCIAL CONTRIBUTION (1) The financial contribution of Serbia to the Customs programme shall be established on a yearly basis in proportion to, and in addition to, the amount available each year in the Union budget for commitment appropriations needed for the management, execution and operation of the Customs programme. (2) The participation fee referred to in Article 3(7) of this Agreement shall be phased in as follows: 2021: 0,5%; 2022: 1%; 2023: 1,5%; 2024: 2%; 2025: 2,5%; 2026: 3%; 2027: 4%. (3) In accordance with Article 3(5) of this Agreement, the operational contribution to be paid by Serbia for its participation in the Customs programme will be calculated for the respective financial years by applying an adjustment to the contribution key. The adjustment to the contribution key shall be: The coefficient used for the above calculation to adjust the contribution key shall be 0,2.

FINAL PROVISIONS. 1. This Agreement shall enter into force on the date on which the Parties have notified each other of the completion of their internal procedures necessary for that purpose. 2. This Agreement shall apply from 1 January 20232021. It shall remain in force for as long as is necessary for all the projects, actions actions, activities, or activities parts thereof financed from the Horizon Europe Programme, all the actions necessary to protect the financial interests of the European Union and all the financial obligations stemming from the implementation of this Agreement between the Parties to be completed. 3. The European Union and Serbia may apply this Agreement provisionally in accordance with their respective internal procedures and legislation. The provisional application shall begin on the date on which the Parties have notified each other of the completion of their internal procedures necessary for that purpose. 4. Should Serbia notify the Commission acting on behalf of the European Union that it will not complete its internal procedures necessary for the entry into force of this Agreement, this Agreement shall cease to apply provisionally on the date of receipt of this notification by the Commission, which shall constitute the cessation date for the purposes of this Agreement. 5. The application of this Agreement may be suspended by the European Union in case of partial or full non-payment of the financial contribution due by Serbia in accordance with point II paragraph 3 under this Agreement. In case of Xxxxx X. Suspension non-payment which may significantly jeopardise the implementation and management of the Horizon Europe Programme, the Commission shall send a formal letter of reminder. Where no payment is made within 20 working days after the formal letter of reminder, suspension of the application of this Agreement shall be notified by the European Union Commission to Serbia by a formal letter of notification which and shall take effect 30 15 days following the receipt of this notification by Serbia. In case the application of this Agreement is suspended, legal entities established in Serbia shall not be eligible to participate in award procedures not yet completed when the suspension takes effect. An award procedure shall be considered completed when legal commitments have been entered into as a result of that procedure. The suspension does not affect the legal commitments entered into with the legal entities established in Serbia before the suspension took effect. This Agreement shall continue to apply to such legal commitments. The European Union shall immediately notify Serbia once the entire amount of the financial or operational contribution due has been received by itthe European Union. The suspension shall be lifted with an immediate effect upon this notification. As of the date when the suspension is lifted, legal entities of Serbia shall be again eligible in award procedures launched after this date and in award procedures launched before this date, for which the deadlines for submission of applications has not expired. 6. Either Party may terminate this Agreement at any time by a written notification informing of the intent to terminate it. The termination shall take effect three calendar months after the date on which the written notification reaches its addressee. The date on which the termination takes effect shall constitute the termination date for the purposes of this Agreement. 7. Where this Agreement ceases to apply provisionally in accordance with paragraphparagraph 4 of this Article or is terminated in accordance with paragraph 6 of this Article, the Parties agree that: (a) projects, actions, activities, or parts thereof in respect of which legal commitments have been entered into during the provisional application and/or after the entry into force of this Agreement, and before this Agreement ceases to apply or is terminated shall continue until their completions under the conditions laid down in this Agreement; (b) the annual financial contribution of the year N during which this Agreement ceases to apply provisionally or is terminated shall be paid entirely in accordance with Article 3. The operational contribution of the year N shall be adjusted in accordance with Article 3(8) and corrected in accordance with Article 4 of this Agreement. The participation fee paid for the year N shall not be adjusted or corrected; (c) following the year during which this Agreement ceases to apply provisionally or is terminated, the initial operational contributions paid for the years during which this Agreement applied shall be adjusted in accordance with Article 3(8) and shall be automatically corrected in accordance with Article 4 of this Agreement. The Parties shall settle by common consent any other consequences of termination or cessation of provisional application of this Agreement. 8. This Agreement may only be amended in writing by common consent of the Parties. The entry into force of the amendments will follow the same procedure as that applicable for the entry into force of this Agreement. 9. The Annexes to this Agreement shall form an integral part of this Agreement. This Agreement shall be drawn up in duplicate in English and Serbian, each text being equally authentic. In case of divergence of interpretation, the English text shall prevail. Done at Brussels, this 6th day of December and at Belgrade, this 1st day of December in the year 2021. I. Calculation of Serbia’s financial contribution 1. The financial contribution of Serbia to the Horizon Europe Programme shall be established on a yearly basis in proportion to, and in addition to, the amount available each year in the Union budget for commitment appropriations needed for the management, execution and operation of the Horizon Europe Programme, increased in accordance with Article 3(4) of this Agreement. 2. The participation fee referred to in Article 3(7) of this Agreement shall be phased in as follows: − 2021: 0,5%; − 2022: 1%; − 2023: 1,5%; − 2024: 2%; − 2025: 2,5%; − 2026: 3%; − 2027: 4%. 3. In accordance with Article 3(5) of this Agreement, the initial operational contribution to be paid by Serbia for its participation in the Horizon Europe Programme will be calculated for the respective financial years by applying an adjustment to the contribution key. The adjustment to the contribution key shall be: The coefficient used for the above calculation to adjust the contribution key shall be 0.45. 4. In accordance with Article 3(8) of this Agreement, the first adjustment pertaining to the budget implementation of year N shall be made in year N+1 when the initial operational contribution of year N shall be adjusted upwards or downwards by the difference between: a) an adjusted contribution calculated by applying the contribution key adjusted of year N to the sum of: i. the amount of budgetary commitments made on commitment appropriations authorised for year N under the European Union voted budget and on commitment appropriations corresponding to decommitments made available again; and