Common use of PAYMENTS AND PAYMENT ARRANGEMENTS Clause in Contracts

PAYMENTS AND PAYMENT ARRANGEMENTS. 5.1 Payments to be made The Commission must make the following payments to the partner: - one pre-financing payment; - one payment of the balance, on the basis of the request for payment of the balance referred to in Article 4.4.

PAYMENTS AND PAYMENT ARRANGEMENTS. 5.1 Payments to be made The Commission must make the following payments to the partner: - one pre-financing paymentpayment of 70% of the maximum amount specified in Article 3; - one payment of the balance, on the basis of the request for payment of the balance referred to in Article 4.4.