Common use of Amount and Utilization Clause in Contracts

Amount and Utilization. 3.1 The total budget of the Project amounts to CHF 1'543'000.- (one million five hundred and forty-three thousand Swiss Francs) (see annex 2 of this Project Agreement). Amounts stated in this article in Swiss Francs are binding to Contracting Parties. 3.2 Switzerland shall provide a Grant of up to CHF 1’291’000.- (one million two hundred and ninety-one thousand Swiss Francs), to the Slovak Republic for the implementation of the Project defined in Art. 2 of this Project Agreement. 3.3 The Grant shall cover a maximum of 85% of the total eligible costs of CHF 1’519’000.- (one million five hundred and nineteen thousand Swiss Francs) of the Project in Swiss Francs. This percentage shall not be exceeded during the project implementation. It shall be calculated on the basis of effective costs in Swiss Francs. The NCU shall ensure the timely provision of the co-financing of up to CHF 228'000.- (two hundred and twenty-eight thousand Swiss Francs) i. e. 15% of the eligible costs by the Slovak Republic State Budget. 3.4 As stipulated in Art. 7.1 of the Framework Agreement, the Value Added Tax (VAT) shall be considered as an eligible cost only if it is genuinely and definitively borne by the Executing Agency. VAT, which is recoverable, by whatever means, shall not be considered eligible even if it is not actually recovered by the Executing Agency. 3.5 As stipulated in Art. 7.2 of the Framework Agreement, other levies, taxes or charges, in particular direct taxes and social security contributions on salaries and wages, shall constitute eligible expenditure only if they are genuinely and definitively borne by the Executing Agency. 3.6 The following costs shall not be eligible for grant support: expenditures incurred before the entering into effect of this Project Agreement, interests on debt, the purchase of real estate, staff costs of the Slovak Government and recoverable VAT as specified in Art. 3.4 of this Project Agreement. 3.7 Any works, supplies and/or services carried out or delivered after the end of the Project as defined in Art. 23.2 are not eligible for grant support, except services for reporting, auditing and evaluation provided not later than 12 months after the end of the Project. 3.8 The final date for eligibility of costs shall be 12 months after the end of the Project. Reimbursement requests must have been received by Switzerland not later than six months after the final date of eligibility of costs. 3.9 Any unutilised portion of the Grant remaining at the completion of the Project shall be eligible for re-commitment according to Art. 5.3 of the Framework Agreement, unless otherwise mutually agreed by the Contracting Parties.

Amount and Utilization. 3.1 The total budget of the Project amounts to CHF 1'543'000.- 1’319’000.- (one million five three hundred and forty-three nineteen thousand Swiss Francs) (see annex 2 of this Project Agreement). Amounts stated in this article in Swiss Francs are binding to Contracting Parties. 3.2 Switzerland shall provide a Grant of up to CHF 1’291’000.- 1’113’000.- (one million two one hundred and ninety-one thirteen thousand Swiss Francs), to the Slovak Republic for the implementation of the Project defined in Art. 2 of this Project Agreement. 3.3 The Grant shall cover a maximum of 85% of the total eligible costs of CHF 1’519’000.- 1’309’500.- (one million three hundred nine thousand and five hundred and nineteen thousand Swiss Francs) of the Project in Swiss Francs. This percentage shall not be exceeded during the project implementation. It shall be calculated on the basis of effective costs in Swiss Francs. The NCU shall ensure the timely provision of the co-financing of up to CHF 228'000.- 196'500.- (two one hundred ninety-six thousand and twenty-eight thousand five hundred Swiss Francs) i. e. ) i.e. 15% of the eligible costs by the Slovak Republic State Budget. 3.4 As stipulated in Art. 7.1 of the Framework Agreement, the Value Added Tax (VAT) shall be considered as an eligible cost only if it is genuinely and definitively borne by the Executing Agency. VAT, which is recoverable, by whatever means, shall not be considered eligible even if it is not actually recovered by the Executing Agency. 3.5 As stipulated in Art. 7.2 of the Framework Agreement, other levies, taxes or charges, in particular direct taxes and social security contributions on salaries and wages, shall constitute eligible expenditure only if they are genuinely and definitively borne by the Executing Agency. 3.6 The following costs shall not be eligible for grant support: expenditures incurred before the entering into effect of this Project Agreement, interests on debt, the purchase of real estate, staff costs of the Slovak Government estate and recoverable VAT as specified in Art. 3.4 of this Project Agreement. 3.7 Any works, supplies and/or services carried out or delivered after the end of the Project as defined in Art. 23.2 are not eligible for grant support, except services for reporting, auditing and evaluation provided not later than 12 months after the end of the Project. 3.8 The final date for eligibility of costs shall be 12 months after the end of the Project. Reimbursement requests must have been received by Switzerland not later than six months after the final date of eligibility of costs. 3.9 Any unutilised portion of the Grant remaining at the completion of the Project shall be eligible for re-commitment according to Art. 5.3 of the Framework Agreement, unless otherwise mutually agreed by the Contracting Parties.

Amount and Utilization. 3.1 The total budget of the Project amounts to CHF 1'543'000.- 1´436´800, (one million five four hundred and fortythirty-three six thousand and eight hundred Swiss Francs) (see annex 2 of this Project Agreement). Amounts ▇▇▇▇▇▇▇ stated in this article in Swiss Francs are binding to Contracting Parties. 3.2 Switzerland shall provide a Grant of up to CHF 1’291’000.- 1’198’000.-, (one million two one hundred and ninety-one eight thousand Swiss Francs), to the Slovak Republic for the implementation of the Project defined in Art. 2 of this Project Agreement. 3.3 The Grant shall cover a maximum of 85% of the total eligible costs of CHF 1’519’000.- 1´409´400.-, (one million five four hundred nine thousand and nineteen thousand four hundred Swiss Francs) of the Project in Swiss Francs. This percentage shall not be exceeded during the project implementation. It shall be calculated on the basis of effective costs in Swiss Francs. The NCU shall ensure the timely provision of the co-financing of up to CHF 228'000.- 211´400.- (two hundred eleven thousand and twenty-eight thousand four hundred Swiss Francs) i. e. ) i.e. 15% of the eligible costs in Swiss Francs by the Slovak Republic State Budget. 3.4 As stipulated in Art. 7.1 of the Framework Agreement, the Value Added Tax (VAT) shall be considered as an eligible cost only if it is genuinely and definitively borne by the Executing Agency. VAT, which is recoverable, by whatever means, shall not be considered eligible even if it is not actually recovered by the Executing Agency. 3.5 As stipulated in Art. 7.2 of the Framework Agreement, other levies, taxes or charges, in particular direct taxes and social security contributions on salaries and wages, shall constitute eligible expenditure only if they are genuinely and definitively borne by the Executing Agency. 3.6 The following costs shall not be eligible for grant support: expenditures incurred before the entering into effect of this Project Agreement, interests on debt, the purchase of real estate, estate staff costs of the Slovak Government and recoverable VAT as specified in Art. 3.4 of this Project Agreement. 3.7 Any works, supplies and/or services carried out or delivered after the end of the Project as defined in Art. 23.2 are not eligible for grant support, except services for reporting, auditing and evaluation provided not later than 12 months after the end of the Project. 3.8 The final date for eligibility of costs shall be 12 months after the end of the Project. Reimbursement requests must have been received by Switzerland not later than six months after the final date of eligibility of costs. 3.9 Any unutilised portion of the Grant remaining at the completion of the Project shall be eligible for re-commitment according to Art. 5.3 of the Framework Agreement, unless otherwise mutually agreed by the Contracting Parties.