Common use of Amount and Utilization Clause in Contracts

Amount and Utilization. 3.1 Switzerland shall provide to Croatia a Grant amounting to maximum CHF 2.000.000,00 (two million Swiss Francs) for the implementation of the Project defined in Art, 2 of this Project Agreement. 3.2 The Grant shall cover a maximum of 85% of the total eligible costs of the Project in Swiss Francs. This percentage shall never be exceeded during the Project implementation. The NCU shall ensure the timely provision of the co-financing of a minimum of 15% of the total eligible costs of the Project in Swiss Francs by domestic sources. 3.3 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 or by the final recipient, 3.4 As stipulated in Art. 7.2 of the Framework Agreement, other levies, taxes or charges, in particular direct taxes and social security contributions on eligible salaries and wages, shall constitute eligible costs only if they are genuinely and definitively borne by the Executing Agency. 3.5 In addition to Art, 3,3 and 3,4, the following costs shall not be eligible for grant support: expenditures incurred before the signing of this Project Agreement by the Parties, interests on debt and the purchase of real estate, 3.6 The final date of eligibility of costs for activities related to the Project corresponds to the end date in Art, 23,2. Eligibility of costs for reporting, auditing and evaluation ends six months after the end date in Art 23,2 but not later than 10 December 2024. The last Reimbursement Requests must have been received by SDC not later than four months after the final date of eligibility of costs. 3.7 During the Project implementation, the Parties shall mutually agree on the use of the unutilised portion of the Grant and on the respective co-financing.

Appears in 1 contract

Sources: Project Agreement

Amount and Utilization. 3.1 Switzerland Switzedand shall provide to Croatia a Grant in Swiss Francs amounting to maximum CHF 2.000.000,00 4.000.000,00 (two million Swiss Francsfour milion) for the implementation of the Project defined in Art, 2 of this Project Agreement., 3.2 The Grant shall cover a maximum of 85% of the total eligible costs of the Project in Swiss Francs. This percentage shall never be exceeded during the Project implementation. The NCU shall ensure the timely provision of the co-financing of a minimum of 15% of the total eligible costs of the Project in Swiss Francs by domestic sources. 3.3 As stipulated in Art. 7.1 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 or by the final recipient,. 3.4 As stipulated in Art. 7.2 of the Framework Agreement, other levies, taxes or charges, in particular direct taxes and social security contributions on eligible salaries and wages, shall constitute eligible costs only if they are genuinely and definitively borne by the Executing Agency., 3.5 In addition to Art, . 3,3 and 3,4, the following costs shall not be eligible for grant support: expenditures incurred before the signing of this Project Agreement by the Parties, interests on debt and the purchase of real estate,. 3.6 The final date of eligibility of costs for activities related to the Project corresponds to the end date in Art, 23,2. , Eligibility of costs for reporting, auditing and evaluation ends six months after the end date in Art 23,2 but not later than 10 December 2024. The last Reimbursement Requests must have been received by SDC not later than four months after the final date of eligibility of costs. 3.7 During the Project implementation, the Parties shall mutually agree on the use of the unutilised portion of the Grant and on the respective co-financing.

Appears in 1 contract

Sources: Project Agreement