DETERMINING THE FINAL AMOUNT OF CO Sample Clauses

DETERMINING THE FINAL AMOUNT OF CO. FINANCING Without prejudice to information obtained subsequently pursuant to Article 16 (“Audits”), the SJU shall adopt the amount of the payment of the balance to be paid to the Consortium on the basis of the documents referred to in Article 13 (“Payments”) which it has approved and Schedule 8 attached hereto. The total amount of Co-financing paid to the Consortium by the SJU may not in any circumstances exceed the maximum amount of the SJU Co-financing laid down in Article 4, even if the total actual costs exceed the estimated total costs specified in Article 4. If the actual costs when the Project ends are lower than the estimated total costs, the SJU's contribution shall be limited to the amount obtained by applying the percentage of SJU Co- financing specified in Article 4 to the actual costs approved by the SJU. The Co-financing provided by the SJU shall not give rise to any profit for the Consortium. For this purpose, at the time of the submission of the Final Cost Statement, the final amount of the SJU Co-financing will take into account any Project receipts received by the Consortium. Without prejudice to the right to terminate the Agreement under Article 27, if the Project is not implemented or is implemented poorly, partially or late, the SJU may reduce the Co- financing initially provided for in line with the actual implementation of the Project on the terms laid down in this Agreement. On the basis of the amount of the payment of the balance determined in this way and of the aggregate amount of the pre-financing payments already made under the terms of this Agreement, the SJU shall set the amount of the payment of the balance as being the amount still owing to the Consortium. Where the aggregate amount of the payments already made exceeds the amount of the payment of the balance, the SJU shall issue a recovery order for the surplus.
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