Common use of Effects Clause in Contracts

Effects. If the Agency reduces the grant at the time of the payment of the balance, it will calculate the reduced grant amount for the action and then determine the amount due as payment of the balance (see Articles 5.3.4 and 21.4).

Appears in 19 contracts

Sources: Mono Beneficiary Model Grant Agreement, Grant Agreement, Multi Beneficiary General Model Grant Agreement

Effects. If the [Commission][Agency] Agency reduces the grant at the time of the payment of the balance, it will calculate the reduced grant amount for the action and then determine the amount due as payment of the balance (see Articles 5.3.4 and 21.4).

Appears in 3 contracts

Sources: H2020 Model Grant Agreement for Sme Instrument Phase 1 β€” Mono, Grant Agreement, H2020 Model Grant Agreement for Sme Instrument Phase 1β€” Multi

Effects. If the Agency reduces the specific grant at the time of the payment of the balance, it will calculate the reduced grant amount for the specific action and then determine the amount due as payment of the balance (see Articles 5.3.4 4.3.4 and 21.417).

Appears in 3 contracts

Sources: Specific Agreement, Specific Agreement, Specific Agreement

Effects. If the Agency [Commission][Agency] reduces the grant at the time of the payment of the balance, it will calculate the reduced grant amount for the action and then determine the amount due as payment of the balance (see Articles 5.3.4 and 21.4).

Appears in 2 contracts

Sources: Multi Beneficiary Model Grant Agreement for the Sme Instrument Phase 1, Mono Beneficiary Model Grant Agreement for the Sme Instrument Phase 1 (Sme Ph1)

Effects. If the Agency reduces the grant at the time of the payment of the balance, it will calculate the reduced grant amount for the action and then determine the amount due as payment of the balance (see Articles 5.3.4 5.3 and 21.4).

Appears in 1 contract

Sources: Model Grant Agreement