FOURTH INTERIM PAYMENT Clause Samples
FOURTH INTERIM PAYMENT. Within ten calendar days after the Annual Determination for the calendar year 2004 and any adjustments thereto have become binding on the parties as herein provided, a fourth interim payment ("IP-4") in an amount calculated as follows:
FOURTH INTERIM PAYMENT. Requests for the fourth interim payment by the Contractor shall be admissible if accompanied by: the fourth intermediate report in accordance with the instructions laid down in ▇▇▇▇▇ ▇; the relevant invoice; provided the report has been approved by the Commission. The Commission shall have 20 days from receipt to approve or reject the report, and the Contractor shall have 20 days in which to submit additional information or a new report. Within 30 days of the date on which the report is approved by the Commission, a fourth interim payment corresponding to [EUR complete amount in figures and in words] equal to 15 % of the total amount referred to in Article I.3. shall be made.