Common use of Budget transfers without amendment Clause in Contracts

Budget transfers without amendment. The beneficiary is allowed to transfer funds between the different budget categories resulting in a change of the estimated budget and the related activities described in Annex II, without requesting an amendment of the Agreement as specified in Article II.13, under the condition that the Project is implemented in accordance with the approved project application and overall objectives described in Annex II, and the following specific rules are respected: The beneficiaries are allowed to transfer up to 20% of the funds allocated for each of the following budget categories: Project management and implementation, Transnational Project Meetings, Intellectual Outputs, Multiplier Events, Learning/teaching/training activities and Exceptional costs to any other budget category with the exception of the budget categories Project management and implementation and Exceptional costs. Any budget transfer cannot result in an increase of more than 20% of the amount awarded to that budget category as specified in Annex II. The beneficiaries are allowed to transfer funds allocated for any budget category to the budget category Special needs support, even if no funds are allocated for Special needs support as specified in Annex II. In such case the maximum increase of 20% of the budget category Special needs support does not apply. By derogation to point (a) of the present Article, the beneficiaries are allowed to transfer funds allocated for any budget category except Special needs support to the budget category Exceptional costs covering financial guarantee or expensive travel costs, in so far as required by the NA in Article I.4.2 and even if no funds are allocated for Exceptional costs as specified in Annex II. In such case the maximum increase of 20% of the budget category Exceptional costs does not apply.

Budget transfers without amendment. The beneficiary Without prejudice to Article II.13, the ceilings mentioned for each budget category in Annex IV and provided that the Project is allowed to transfer funds between the different budget categories resulting in a change of the estimated budget and the related activities implemented as described in Annex II, beneficiaries are allowed to adjust the estimated budget set out in Annex II, by transfers between the different budget categories, without requesting this adjustment being considered as an amendment of the Agreement as specified in within the meaning of Article II.13, under the condition II.13 provided that the Project is implemented in accordance with the approved project application and overall objectives described in Annex II, and the following specific rules are respected: The beneficiaries are allowed to transfer up to 20% of the funds allocated for each of the following budget categories: Project management and implementation, Transnational Project Meetings, Intellectual Outputs, Multiplier Events, Learning/teaching/training activities and Exceptional costs to any other budget category with the exception of the budget categories Project management and implementation and Exceptional costs. Any budget transfer cannot result in an increase of more than 20% of the amount awarded to that budget category as specified in Annex II. The beneficiaries are allowed to transfer funds allocated for any budget category to the budget category Special needs support, even if no funds are allocated for Special needs support as specified in Annex II. In such case the maximum increase of 20% of the budget category Special needs support does not apply. By derogation to point (a) of the present Article, the beneficiaries are allowed to transfer funds allocated for any budget category except Special needs support to the budget category Exceptional costs covering in order to contribute to the costs of a financial guarantee or expensive travel costs, in so far as required by the NA in Article I.4.2 and even if no funds are allocated for Exceptional costs as specified in Annex II. In such case the maximum increase of 20% of the budget category Exceptional costs does not apply.

Budget transfers without amendment. The beneficiary Without prejudice to Article II.13 and provided that the Project is allowed to transfer funds between the different budget categories resulting in a change of the estimated budget and the related activities implemented as described in Annex II, the beneficiary is allowed to adjust the estimated budget set out in Annex II, by transfers between the different budget categories, without requesting this adjustment being considered as an amendment of the Agreement as specified in within the meaning of Article II.13, under the condition II.13 provided that the Project is implemented in accordance with the approved project application and overall objectives described in Annex II, and the following specific rules are respected: The beneficiaries are beneficiary is allowed to transfer up to 20% of the funds allocated for each of the following budget categories: Project management and implementation, Transnational Project Meetings, Intellectual Outputs, Multiplier Events, Learning/teaching/training activities and Exceptional costs to any other budget category with the exception of the budget categories Project management and implementation and Exceptional costs. Any budget transfer cannot shall result in an increase of more than maximum 20% of the amount awarded to that budget category as specified in Annex II. The beneficiaries are beneficiary is allowed to transfer funds allocated for any budget category to the budget category Special needs support, even if no funds are allocated for Special needs support as specified in Annex II. In such case the maximum increase of 20% of the budget category Special needs support does shall not apply. By derogation to point (a) of the present Article, the beneficiaries are beneficiary is allowed to transfer funds allocated for any budget category except Special needs support to the budget category Exceptional costs covering in order to contribute to the costs of a financial guarantee or expensive travel costs, in so far as required by the NA in Article I.4.2 and even if no funds are allocated for Exceptional costs as specified in Annex II. In such case the maximum increase of 20% of the budget category Exceptional costs does shall not apply.. – REPORTING AND PAYMENT ARRANGEMENTS The following reporting and payment provisions2 apply: