Grant principle Sample Clauses

Grant principle. The Fredskorpset funding of the exchange project in question will be a grant. Fredskorpset does not refund actual costs, but contributes a calculated amount to the partners’ activities. The grant calculation is based on the Fredskorpset-youth guidelines for grant calculation. The partners may supplement the project with their own funds. If the project expenditures exceed the funds received from Fredskorpset, Judo for xxxx and the Afghan Judo federation must provide additional funding from their own resources. Any deviation in a budget line of more than 10% must be explained. Any unspent funds must be repaid to Fredskorpset. 2 Transfer of allocated funds It is the responsibility of Judo for xxxx, in agreement with the Afghan Judo federation to set up a budget and a transfer plan for the transfer of funds between the partners. The transfers are to cover costs incurred by the Afghan Judo federation, and payments made in the South by the Afghan Judo federation.
Sample 1
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