Interim payments — Amount — Calculation Sample Clauses

Interim payments — Amount — Calculation. Interim payments reimburse the eligible costs incurred for the implementation of the action during the corresponding reporting periods. The Agency will pay to the coordinator the amount due as interim payment within 90 days from receiving the periodic report (see Article 20.3), except if Articles 47 or 48 apply. Payment is subject to the approval of the periodic report. Its approval does not imply recognition of the compliance, authenticity, completeness or correctness of its content. The amount due as interim payment is calculated by the Agency in the following steps: Step 1 – Application of the reimbursement rates
Interim payments — Amount — Calculation. Not applicable
Interim payments — Amount — Calculation. Not applicable The payment of the balance reimburses the remaining part of the eligible costs incurred by the beneficiaries for the implementation of the action. If the total amount of earlier payments is greater than the final grant amount (see Article 5.3), the payment of the balance takes the form of a recovery (see Article 28). If the total amount of earlier payments is lower than the final grant amount, the Commission will pay the balance within 90 days from receiving the final report (see Article 15.4), except if Articles 31 or 32 apply. Payment is subject to the approval of the final report. Its approval does not imply recognition of compliance, authenticity, completeness or correctness of its content. The amount due as the balance is calculated by the Commission by deducting the total amount of pre-financing and interim payments (if any) already made, from the final grant amount determined in accordance with Article 5.3: {final grant amount (see Article 5.3) minus {pre-financing and interim payments (if any) made}}. If the balance is positive, it will be paid to the coordinator. The amount to be paid may however be offset — without the beneficiaries’ consent — against any other amount owed by a beneficiary to the Commission or an executive agency (under the EU or Euratom budget), up to the maximum EU contribution indicated, for that beneficiary, in the estimated budget (see Annex 2). If the balance is negative, it will be recovered from the coordinator (see Article 28).
Interim payments — Amount — Calculation. [OPTION 1 for actions with one RP and NO interim payments: Not applicable] The amount due as interim payment is calculated by the Agency in the following steps: Step 1 — Application of the reimbursement rate
Interim payments — Amount — Calculation. [OPTION 1 for actions with one RP and NO interim payments: Not applicable]
Interim payments — Amount — Calculation. [OPTION 1 by default (for actions with one RP): Not applicable]
Interim payments — Amount — Calculation. [OPTION 1 for actions with one RP: Not applicable] The amount due as interim payment is calculated by the Agency in the following steps: {pre-financing and previous interim payments}}.]
Interim payments — Amount — Calculation. 20 A pre-financing guarantee may be required by the responsible authorising officer (RAO), if s/he considers it necessary (i.e. appropriate and proportionate), to limit the financial risks connected with the payment of pre- financing: Pre-financing guarantees may not be requested for low-value grants (see Article 134 of the Financial Regulation). [OPTION 1 for actions with one RP and NO interim payments: Not applicable] The amount due as interim payment is calculated by the Agency in the following steps: Step 1 — Application of the reimbursement rate
Interim payments — Amount — Calculation. [OPTION 1 for actions with one RP and NO interim payments: [OPTION 2 for actions with several RPs and interim payments: Interim payments reimburse the eligible costs incurred for the implementation of the action during the corresponding reporting periods.
Interim payments — Amount — Calculation. [OPTION 1 for actions with one RP and NO interim payments: Not applicable] The amount due as interim payment is calculated by the Agency in the following steps: Step 1 — Application of the reimbursement rate The reimbursement rate (see Article 5.2) is applied to the eligible costs (actual costs[, unit costs] and flat-rate costs [and lump sum costs]; see Article 6) declared by the beneficiary [and the affiliated entities] (see Article 15) and approved by the Agency (see above) for the concerned reporting period. {pre-financing and previous interim payments}}.]