Common use of Individual Projects Clause in Contracts

Individual Projects. Individual projects shall be implemented by a Promoter, which shall be a ministry or other legal entity with strong ties either with the sector concerned or the geographical area in which the project is to be implemented. In the case where a ministry submits an individual project, the ministry will be considered as the Promoter. The Promoter of individual projects submits its complete application to the NFP (prior to which the Promoter may submit a project outline to the FMO via the NFP. In such a case, the FMO conducts preliminary assessment and may provide guidance to the Beneficiary State). The NFP submits approved projects to the FMO with its reasoned opinion. The FMO organises the appraisal of projects and consults the European Commission. The FMO submits reasoned its recommendation for decision to the Financial Mechanism Committee (FMC), which decides on whether the grant application is to be approved or not. If the application is approved, the FMC sends a grant offer letter to the NFP. A Grant Agreement is then signed between the FMC and the NFP on behalf of the Beneficiary State. The NFP organises the signing of an agreement with the Project Promoter. Payments will be effected electronically from an account in the National Focal Point (under the supervision of the EU Payments Department). Payments will be conducted according to requests and invoices received from Intermediate Bodies or Project Promoters, where appropriate. The state reserve will be used to pre-finance projects. After the allocation of funds from the EEA Financial Mechanism, the funds borrowed from the state budget will be returned.

Individual Projects. Individual projects shall be implemented by a Promoter, which shall be a ministry or other legal entity with strong ties either with the sector concerned or the geographical area in which the project is to be implemented. In the case where a ministry submits an individual project, the ministry will be considered as the Promoter. The Promoter of individual projects submits its complete application to the NFP (prior to which the Promoter may submit a project outline to the FMO via the NFP. In such a case, the FMO conducts preliminary assessment and may provide guidance to the Beneficiary State.). The NFP submits approved projects to the FMO with its reasoned opinion. The FMO organises the appraisal of projects and consults the European Commission. The FMO submits its reasoned its recommendation for decision to the Financial Mechanism Committee (FMC)Norwegian Ministry of Foreign Affairs, which decides on whether the grant application is to be approved or not. If the application is approved, the FMC Norwegian Ministry of Foreign Affairs sends a grant offer letter to the NFP. A Grant Agreement is then signed between the FMC Norwegian Ministry of Foreign Affairs and the NFP on behalf of the Beneficiary State. The NFP organises the signing of an agreement with the Project Promoter. Payments will be effected electronically from an account in the National Focal Point (under the supervision of the EU Payments Department). Payments will be conducted according to requests and invoices received from the Intermediate Bodies or Project Promoters, where appropriate. The state reserve will be used to pre-finance projects. After the allocation of funds from the EEA Norwegian Financial Mechanism, the funds borrowed from the state budget will be returned.