Common use of Final grant amount Clause in Contracts

Final grant amount. Calculation The ‘final grant amount’ depends on the actual extent to which the action is implemented in accordance with the Agreement’s terms and conditions. This amount is calculated by the [Commission][Agency] — when the payment of the balance is made (see Article 21.4) — in the following steps: Step 1 — Application of the reimbursement rates to the eligible costs Step 2 — Limit to the maximum grant amount Step 3 — Reduction due to the no-profit rule Step 4 — Reduction due to improper implementation or breach of other obligations 5.3.1 Step 1 — Application of the reimbursement rates to the eligible costs

Final grant amount. Calculation The ‘final grant amount’ depends on the actual extent to which the action is implemented in accordance with the Agreement’s terms and conditions. This amount is calculated by the [Commission][Agency] — when the payment of the balance is made (see Article 21.4) — in the following steps: Step 1 — Application of the reimbursement rates to the eligible costs Step 2 — Limit to the maximum grant amount Step 3 — Reduction due to the no-profit rule Step 4 — Reduction due to improper implementation or breach of other obligations 5.3.1 Step 1 — Application of the reimbursement rates to the eligible costsamount‌