Common use of FPA Clause in Contracts

FPA. {final grant amount (see Article 10 of the Framework Partnership Agreement) minus {pre-financing payment (if any) made}}. At the payment of the balance, the amount retained for the Guarantee Fund (see above) will be released and: - if the balance is positive: the amount released will be paid in full to the KIC LE together with the amount due as the balance; - if the balance is negative (payment of the balance taking the form of recovery): it will be deducted from the amount released (see Article 50 FPA). If the resulting amount: - is positive, it will be paid to the KIC LE - is negative, it will be recovered. The amount to be paid may however be offset — without the KIC Partner's consent — against any other amount owed by a KIC Partner to the EIT, up to the maximum EIT contribution indicated, for that KIC Partner, in the estimated budget (see Annex 2).

FPA. {final grant amount (see Article 10 of the Framework Partnership Agreement) minus {pre-financing pre‐financing payment (if any) made}}. At the payment of the balance, the amount retained for the Guarantee Fund (see above) will be released and: - ‐ if the balance is positive: the amount released will be paid in full to the KIC LE together with the amount due as the balance; - ‐ if the balance is negative (payment of the balance taking the form of recovery): it will be deducted from the amount released (see Article 50 FPA). If the resulting amount: - ‐ is positive, it will be paid to the KIC LE - ‐ is negative, it will be recovered. The amount to be paid may however be offset — without the KIC Partner's consent — against any other amount owed by a KIC Partner to the EIT, up to the maximum EIT contribution indicated, for that KIC Partner, in the estimated budget (see Annex 2).

FPA. {final grant amount (see Article 10 of the Framework Partnership Agreement) minus {pre-financing payment (if any) made}}. At the payment of the balance, the amount retained for the Guarantee Fund (see above) will be released and: - if the ifthe balance is positive: the amount released will be paid in full to the KIC LE together with the amount due as the balance; - if the balance is negative (payment of the balance taking the form of recovery): it will be deducted from the amount released (see Article 50 FPA). If the resulting amount: - is positive, it will be paid to the KIC LE - is negative, it will be recovered. The amount to be paid may however be offset — without -without the KIC Partner's consent — - against any other amount owed by a KIC Partner to the EIT, up to the maximum EIT contribution indicated, for that KIC Partner, in the estimated budget (see Annex 2).