Common use of Consequences of non-compliance Clause in Contracts

Consequences of non-compliance. 21.11.1 If the Agency does not pay within the payment deadlines (see above), the beneficiary is entitled to late-payment interest at the rate applied by the European Central Bank (ECB) for its main refinancing operations in euros (‘reference rate’), plus three and a half points. The reference rate is the rate in force on the first day of the month in which the payment deadline expires, as published in the C series of the Official Journal of the European Union. If the late-payment interest is lower than or equal to EUR 200, it will be paid to the beneficiary only upon request submitted within two months of receiving the late payment. Late-payment interest is not due if the beneficiary is an EU Member State (including regional and local government authorities or other public bodies acting on behalf of a Member State for the purpose of this Agreement). Suspension of the payment deadline or payments (see Articles 47 and 48) will not be considered as late payment. Late-payment interest covers the period running from the day following the due date for payment (see above), up to and including the date of payment. Late-payment interest is not considered for the purposes of calculating the final grant amount.

Consequences of non-compliance. 21.11.1 17.11.1 If the Agency does not pay within the payment deadlines (see above), the beneficiary is partners are entitled to late-payment interest at the rate applied by the European Central Bank (ECB) for its main refinancing operations in euros (‘reference rate’), plus three and a half points. The reference rate is the rate in force on the first day of the month in which the payment deadline expires, as published in the C series of the Official Journal of the European Union. If the late-payment interest is lower than or equal to EUR 200, it will be paid to the beneficiary coordinator only upon request submitted within two months of receiving the late payment. Late-payment interest is not due if the beneficiary is an all partners are EU Member State States (including regional and local government authorities or other public bodies acting on behalf of a Member State for the purpose of this the Framework Partnership Agreement and the Specific Agreement). Suspension of the payment deadline or payments (see Articles 47 45 and 4846 FPA) will not be considered as late payment. Late-payment interest covers the period running from the day following the due date for payment (see above), up to and including the date of payment. Late-payment interest is not considered for the purposes of calculating the final grant amount.

Consequences of non-compliance. 21.11.1 12.11.1 If the Agency does not pay within the payment deadlines (see above), the beneficiary is partners are entitled to late-payment interest at the rate applied by the European Central Bank (ECB) for its main refinancing operations in euros (‘reference rate’), plus three and a half points. The reference rate is the rate in force on the first day of the month in which the payment deadline expires, as published in the C series of the Official Journal of the European Union. If the late-payment interest is lower than or equal to EUR 200, it will be paid to the beneficiary coordinator only upon request submitted within two months of receiving the late payment. Late-payment interest is not due if the beneficiary is an all partners are EU Member State States (including regional and local government authorities or other public bodies acting on behalf of a Member State for the purpose of this the Framework Partnership Agreement and the Specific Agreement). Suspension of the payment deadline or payments (see Articles 47 36 and 4837 FPA) will not be considered as late payment. Late-payment interest covers the period running from the day following the due date for payment (see above), up to and including the date of payment. Late-payment interest is not considered for the purposes of calculating the final grant amount.

Consequences of non-compliance. 21.11.1 If the Agency does not pay within the payment deadlines (see above), the beneficiary is beneficiaries are entitled to late-payment interest at the rate applied by the European Central Bank (ECB) for its main refinancing operations in euros (‘reference rate’), plus three and a half points. The reference rate is the rate in force on the first day of the month in which the payment deadline expires, as published in the C series of the Official Journal of the European Union. If the late-payment interest is lower than or equal to EUR 200, it will be paid to the beneficiary coordinator only upon request submitted within two months of receiving the late payment. Late-payment interest is not due if the beneficiary is an all beneficiaries are EU Member State States (including regional and local government authorities or other public bodies acting on behalf of a Member State for the purpose of this Agreement). Suspension of the payment deadline or payments (see Articles 47 and 48) will not be considered as late payment. Late-payment interest covers the period running from the day following the due date for payment (see above), up to and including the date of payment. Late-payment interest is not considered for the purposes of calculating the final grant amount.

Consequences of non-compliance. 21.11.1 If the Agency Commission does not pay within the payment deadlines (see above), the beneficiary partner is entitled to late-payment interest at the rate applied by the European Central Bank (ECB) for its main refinancing operations in euros (‘reference rate’), plus three and a half points. The reference rate is the rate in force on the first day of the month in which the payment deadline expires, as published in the C series of the Official Journal of the European Union. If the late-payment interest is lower than or equal to EUR 200, it will be paid to the beneficiary partner only upon request submitted within two months of receiving the late payment. Late-payment interest is not due if the beneficiary is an EU Member State (including regional and local government authorities or other public bodies acting on behalf of a Member State for the purpose of this Agreement). Suspension of the payment deadline or payments (see Articles 47 36 and 4837 FPA) will not be considered as late payment. Late-payment interest covers the period running from the day following the due date for payment (see above), up to and including the date of payment. Late-payment interest is not considered for the purposes of calculating the final grant amount. 12 BIC or SWIFT code applies to for countries if the IBAN code does not apply.

Consequences of non-compliance. 21.11.1 17.11.1 If the Agency does not pay within the payment deadlines (see above), the beneficiary is partners are entitled to late-payment interest at the rate applied by the European Central Bank (ECB) for its main refinancing operations in euros (‘'reference rate’'), plus three and a half points. The reference rate is the rate in force on the first day of the month in which the payment deadline expires, as published in the C series of the Official Journal of the European Union. If the late-payment interest is lower than or equal to EUR 200, it will be paid to the beneficiary coordinator only upon request submitted within two months of receiving the late payment. Late-payment interest is not due if the beneficiary is an all partners are EU Member State States (including regional and local government authorities or other public bodies acting on behalf of a Member State for the purpose of this the Framework Partnership Agreement and the Specific Agreement). Suspension of the payment deadline or payments (see Articles 47 53 and 4854 FPA) will not be considered as late payment. Late-payment interest covers the period running from the day following the due date for payment (see above), up to and including the date of payment. Late-payment interest is not considered for the purposes of calculating the final grant amount.

Consequences of non-compliance. 21.11.1 17.11.1 If the Agency does not pay within the payment deadlines (see above), the beneficiary is partners are entitled to late-payment interest at the rate applied by the European Central Bank (ECB) for its main refinancing operations in euros (‘reference rate’), plus three and a half points. The reference rate is the rate in force on the first day of the month in which the payment deadline expires, as published in the C series of the Official Journal of the European Union. If the late-payment interest is lower than or equal to EUR 200, it will be paid to the beneficiary coordinator only upon request submitted within two months of receiving the late payment. Late-payment interest is not due if the beneficiary is an all partners are EU Member State States (including regional and local government authorities or other public bodies acting on behalf of a Member State for the purpose of this the Framework Partnership Agreement and the Specific Agreement). Suspension of the payment deadline or payments (see Articles 47 53 and 4854 FPA) will not be considered as late payment. Late-payment interest covers the period running from the day following the due date for payment (see above), up to and including the date of payment. Late-payment interest is not considered for the purposes of calculating the final grant amount.

Consequences of non-compliance. 21.11.1 15.11.1 If the Agency does not pay within the payment deadlines (see above), the beneficiary is partners are entitled to late-payment interest at the rate applied by the European Central Bank (ECB) for its main refinancing operations in euros (‘reference rate’), plus three and a half points. The reference rate is the rate in force on the first day of the month in which the payment deadline expires, as published in the C series of the Official Journal of the European Union. If the late-payment interest is lower than or equal to EUR 200, it will be paid to the beneficiary coordinator only upon request submitted within two months of receiving the late payment. Late-payment interest is not due if the beneficiary is an partners are EU Member State States (including regional and local government authorities or other public bodies acting on behalf of a Member State for the purpose of this the Framework Partnership Agreement and the Specific Agreement). Suspension of the payment deadline or payments (see Articles 46 and 47 and 48EEN FPA) will not be considered as late payment. Late-payment interest covers the period running from the day following the due date for payment (see above), up to and including the date of payment. Late-payment interest is not considered for the purposes of calculating the final grant amount.

Consequences of non-compliance. 21.11.1 If the Agency does not pay within the payment deadlines (see above), the beneficiary partner is entitled to late-payment interest at the rate applied by the European Central Bank (ECB) for its main refinancing operations in euros (‘reference rate’), plus three and a half points. The reference rate is the rate in force on the first day of the month in which the payment deadline expires, as published in the C series of the Official Journal of the European Union. If the late-payment interest is lower than or equal to EUR 200, it will be paid to the beneficiary partner only upon request submitted within two months of receiving the late payment. Late-payment interest is not due if the beneficiary is an EU Member State (including regional and local government authorities or other public bodies acting on behalf of a Member State for the purpose of this Agreement). Suspension of the payment deadline or payments (see Articles 47 36 and 4837 FPA) will not be considered as late payment. Late-payment interest covers the period running from the day following the due date for payment (see above), up to and including the date of payment. Late-payment interest is not considered for the purposes of calculating the final grant amount.. CHAPTER 5 FINAL PROVISIONS