Grants and Disbursements. The amount of the grant administered by DIHR, its designated use, and the expected period of disbursement are specified in the Project Document and Contract (hereafter, the agreement). The Agreement shall include a budget broken down into major items, and a timetable for the disbursement of the Danish grant. Disbursement of funds via DIHR in accordance with the existing Agreement is effected on the basis of a request addressed to DIHR. The request for payment must state a separate bank account to which the funds are to be transferred. Immediately after receiving any transfer the recipient country shall forward a receipt to DIHR, stating the date the transfer was received and the value in local currency. DIHR may withhold part payment of a grant until the recipient body has submitted sufficient documentation that previously disbursed funds have been spent in accordance with the Agreement. Unspent funds shall be repaid to DIHR, or if agreed upon, be credited against subsequent grants authorized under any future extension of the Agreement. Any use of funds granted by DIHR after the end of the period of the Agreement is subject to resumed negotiations with DIHR and subsequent approval. Any interest income associated with the grant is to be returned to DIHR Spending in excess of the allocated activity budgets, also when the excess spending has been caused by increased costs, is no concern of the DIHR, unless provisions to this effect have been explicitly agreed upon in advance.
Grants and Disbursements. Disbursement of funds via DIHR in accordance with the existing Agreement is effected based on a request addressed to DIHR, using DIHR standard format for request for funds (B1). Immediately after receiving any transfer the recipient body shall forward a receipt to DIHR, stating the date the transfer was received and the value in local currency, using DIHR standard format for receipt of funds (B2). These receipts are archived by DIHR for its reporting to Donor. DIHR may withhold part payment of a grant until the recipient body has submitted sufficient documentation that previously disbursed funds have been spent in accordance with the Agreement. Under no circumstances can any parts of the grant be spend for other use than agreed in the contract. Where the application procedure within DIHR or performance of the agreement is vitiated by substantial errors or irregularities or by fraud attributable to partner, XXXX may refuse to make payments or may recover amounts already paid, in proportion to the seriousness of the errors, irregularities or fraud. XXXX may also suspend payments in cases where there are suspected or established errors, irregularities or fraud committed by partner in the performance of another agreement funded by XXXX. Suspension shall take effect when the notification has been send by DIHR. Any interest income or currency gain associated with the grant is to be used in direct relation to the project. Any currency losses or interest paid on overspending is to be paid by the recipient body. Spending in excess of the allocated budget headings 1. Human Resources, 2. Travel, 3. Equipment and supplies, 4. Local Office, 5. Other Costs/ Services, 6. Other Costs as specified in the Contract, also when the excess spending has been caused by increased costs, is not allowed, unless provisions to this effect have been explicitly agreed upon in advance.
