Common use of Further pre-financing payments Clause in Contracts

Further pre-financing payments. 42 When the beneficiary is established in a third country, the responsible authorizing officer may agree that a bank or a financial institution established in that third country may provide the guarantee, if he considers that the bank or financial institution offers equivalent security and characteristics as those offered by a bank or a financial institution established in a Member State. In exceptional cases, the guarantee may be replaced by a personal joint security provided by a third party. Where appropriate, provision for this should be included in the article 'Other Special Conditions' in part I (Special Conditions) of the agreement. Where pre-financing is divided into several instalments, the beneficiary may request a further pre-financing payment once he has used up the percentage of the previous payment specified in the provisions of Article I.4 on further pre-financing. The request shall be accompanied by the following documents: - a detailed statement of the eligible costs actually incurred; - where required by the above-mentioned provisions of Article I.4, a financial guarantee in accordance with paragraph 1; - where required by the above-mentioned provisions of Article I.4, a certificate on the action's financial statements and underlying accounts, produced by an approved auditor or, in case of public bodies, by a competent and independent public officer; - any other documents in support of his request that may be required in support of the request for further pre-financing payments. The documents accompanying the request for payment shall be drawn up in accordance with the relevant provisions in Article I.5 and the annexes.

Further pre-financing payments. 42 3 When the beneficiary is established in a third country, the responsible authorizing officer may agree that a bank or a financial institution established in that third country may provide the guarantee, if he considers that the bank or financial institution offers equivalent security and characteristics as those offered by a bank or a financial institution established in a Member State. In exceptional cases, the guarantee may be replaced by a personal joint security provided by a third party. Where appropriate, provision for this should be included in the article 'Other Special Conditions' in part I (Special Conditions) of the agreement. Where pre-financing is divided into several instalments, the beneficiary may request a further pre-financing payment once he has used up the percentage of the previous payment specified in the provisions of Article I.4 on further pre-financing. The request shall be accompanied by the following documents: - a detailed statement of the eligible costs actually incurred; - where required by the above-mentioned provisions of Article I.4, a financial guarantee in accordance with paragraph 1; - where required by the above-mentioned provisions of Article I.4, a certificate on the action's financial statements and underlying accounts, produced by an approved auditor or, in case of public bodies, by a competent and independent public officer; - any other documents in support of his request that may be required in support of the request for further pre-financing payments. The documents accompanying the request for payment shall be drawn up in accordance with the relevant provisions in Article I.5 and the annexes.

Further pre-financing payments. 42 8 When the beneficiary is established in a third country, the responsible authorizing officer may agree that a bank or a financial institution established in that third country may provide the guarantee, if he considers that the bank or financial institution offers equivalent security and characteristics as those offered by a bank or a financial institution established in a Member State. In exceptional cases, the guarantee may be replaced by a personal joint security provided by a third party. Where appropriate, provision for this should be included in the article 'Other Special Conditions' in part I (Special Conditions) of the agreement. Where pre-financing is divided into several instalments, the beneficiary may request a further pre-financing payment once he has used up the percentage of the previous payment specified in the provisions of Article I.4 on further pre-financing. The request shall be accompanied by the following documents: - a detailed statement of the eligible costs actually incurred; - where required by the above-mentioned provisions of Article I.4, a financial guarantee in accordance with paragraph 1; - where required by the above-mentioned provisions of Article I.4, a certificate on the action's financial statements and underlying accounts, produced by an approved auditor or, in case of public bodies, by a competent and independent public officer; - any other documents in support of his request that may be required in support of the request for further pre-financing payments. The documents accompanying the request for payment shall be drawn up in accordance with the relevant provisions in Article I.5 and the annexes.

Further pre-financing payments. 42 6 When the beneficiary is established in a third country, the responsible authorizing officer may agree that a bank or a financial institution established in that third country may provide the guarantee, if he considers that the bank or financial institution offers equivalent security and characteristics as those offered by a bank or a financial institution established in a Member State. In exceptional cases, the guarantee may be replaced by a personal joint security provided by a third party. Where appropriate, provision for this should be included in the article 'Other Special Conditions' in part I (Special Conditions) of the agreement. Where pre-financing is divided into several instalments, the beneficiary may request a further pre-financing payment once he has used up the percentage of the previous payment specified in the provisions of Article I.4 on further pre-financing. The request shall be accompanied by the following documents: - a detailed statement of the eligible costs actually incurred; - where required by the above-mentioned provisions of Article I.4, a financial guarantee in accordance with paragraph 1; - where required by the above-mentioned provisions of Article I.4, a certificate on the action's financial statements and underlying accounts, produced by an approved auditor or, in case of public bodies, by a competent and independent public officer; - any other documents in support of his request that may be required in support of the request for further pre-financing payments. The documents accompanying the request for payment shall be drawn up in accordance with the relevant provisions in Article I.5 and the annexes.