Payment modalities Sample Clauses

Payment modalities. 1. The Council of Europe shall pay the amount mentioned in Article 1(1) in two instalments, as follows: • <percentage> % within 30 days of receipt of this Agreement duly signed;
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Payment modalities. 1. Fusion for Energy shall make the following payments:
Payment modalities. 1. The REA shall make the following payments:
Payment modalities. 1. The Commission shall make the following payments: – pre-financing in accordance with Article 6; – interim payments of the financial contribution of the Union corresponding to the amount accepted for a reporting period in accordance with Article 6; – a final payment corresponding to the amount accepted for the last reporting period, or, if the consortium has received only pre-financing, to the amount accepted for the project, plus any adjustment needed. Where the amount of the financial contribution of the Union is less than the amount already paid to the consortium, the Commission shall recover the difference. Where the amount of the financial contribution of the Union is more than the amount already paid to the consortium, the Commission shall pay the difference as the final payment up to the limits defined in Article 5(1).
Payment modalities. 1. The Council of Europe shall pay the amount mentioned in Article 1(1) in two instalments, as follows: • 50 % within 30 days of receipt of this Agreement duly signed; • 35% within 30 days of receipt a mid-term narrative report for the grant implementation and its acceptance by the Council of Europe; • the balance within 30 days of receipt and approval of the documents specified in Article 2.2 d) and e). Payment of the balance will be based on actual expenditure (as indicated in the final financial report incurred), up to the amount provided for in the estimated budget, subject to the provisions of Article 14 of this Agreement.
Payment modalities. 1. The JU shall make the following payments:
Payment modalities. Either [The funds will be transferred in instalments on the basis of a request, the template for which is given in Annex III. Each instalment is considered an independent grant in application of this agreement. The value of all these instalments may in no case exceed the total value of the grant mentioned in Article 2. Except for the first instalment, at least 75 % of the preceding instalment must be spent before the next instalment is paid.] [A final instalment of <5 to 10 %> will be reserved for payment following the production of the final execution report and all supporting documents substantiating the global value of the grant.] The tentative planning of the instalments is given below Insert indicative planning of instalments Or [The funds will be transferred in instalments as reimbursements of expenses actually incurred by the contracting beneficiary, based on requests, for which the template is given in Annex III. The value of all these instalments may in no case exceed the total value of the grant mentioned in Article 2. The tentative planning of the reimbursement instalments is given below: Insert indicative planning of reimbursements Bank account: The funds are solely disbursed into the [separate] bank account mentioned in the Financial Identification Form in Annex VI.
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Payment modalities. 5.1. The bank account of the Xxxxx Xxxxxx to which all payments will be made shall be recorded and kept up to date in e-COST. The Xxxxx Xxxxxx shall also inform the COST Association without delay of any changes to this information.
Payment modalities. Payment of basic cost of each type of buses shall be made by SBI Cheque in favour of the manufacturer drawn on State Bank of India, payable at par anywhere in India after satisfactory delivery of buses to the Embassy of India, Kathmandu. Clearing & Forwarding and Transportation charges of the buses, if any, should be included in the bid itself.
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