Common use of Amount and Utilization Clause in Contracts

Amount and Utilization. 3.1. The estimated total cost of the Project amounts to CHF 31’294’000 (thirty one million two hundred ninety four thousand). The estimated eligible cost of the Project amounts to CHF 31’294’000 (thirty one million two hundred ninety four thousand). 3.2. Switzerland shall provide a Grant in Swiss Francs amounting to maximum CHF 26’600’000 (twenty six million six hundred thousand), to the Republic of Lithuania for the implementation of the Project defined in Article 2. 3.3. 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. It shall be calculated on the basis of actual costs in Swiss Francs. 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 Lithuanian financial resources. 3.4. As stipulated in Article 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 Intermediate Body, Executing Agency or by the final recipient. VAT, which is recoverable, by whatever means, shall not be considered eligible even if it is not actually recovered by the Intermediate Body, Executing Agency or by the final recipient. 3.5. As stipulated in Article 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 costs only if they are genuinely and definitively borne by the Intermediate Body, Executing Agency or by the final recipient. 3.6. Part of the Project’s budget reserve, but not more than CHF 1’000’000 (one million), is to be used for implementing partnerships with Swiss institutions to reimburse costs borne by the Swiss and Lithuanian partners.

Amount and Utilization. 3.1. The estimated total cost of the Project amounts to CHF 31’294’000 22’353’000 (thirty one twenty-two million two three hundred ninety four fifty three thousand). The estimated eligible cost of the Project amounts to CHF 31’294’000 22’353’000 (thirty one twenty-two million two three hundred ninety four fifty three thousand). 3.2. Switzerland shall provide a Grant in Swiss Francs amounting to maximum CHF 26’600’000 19’000’000 (twenty six million six hundred thousandnineteen million), to the Republic of Lithuania for the implementation of the Project defined in Article 2. 3.3. 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. It shall be calculated on the basis of actual costs in Swiss Francs. 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 Lithuanian financial resources. 3.4. As stipulated in Article 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 Intermediate Body, Executing Agency or by the final recipient. VAT, which is recoverable, by whatever means, shall not be considered eligible even if it is not actually recovered by the Intermediate Body, Executing Agency or by the final recipient. 3.5. As stipulated in Article 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 costs only if they are genuinely and definitively borne by the Intermediate Body, Body or the Executing Agency or by the final recipient. 3.6. Part The following costs shall not be eligible for Grant support: expenditures incurred before the signing of the Project’s budget reservepresent Project Agreement by all parties, but interests on debt, the purchase of real estate and recoverable VAT as specified in Article 3.4 of this Project Agreement. 3.7. The final date for eligibility of costs corresponds with the ending date of the Project as defined in Article 23.2 of this Project Agreement. Eligibility of costs for reporting, auditing and evaluation ends on 14 June 2017. 3.8. Any unutilised portion of the Grant remaining at the completion of the Project shall be eligible for re-commitment until two months before the end of the Commitment period (not more later than CHF 1’000’000 (one million14 April 2012), is to be used for implementing partnerships with Swiss institutions to reimburse costs borne unless otherwise mutually agreed by the Swiss and Lithuanian partnersContracting Parties.