Common use of Payments to the National Fund Clause in Contracts

Payments to the National Fund. A first payment11 of up to 20% of the funds to be managed locally12, will be sent to the NF following signature of the Financing Memorandum and the Financing Agreements (FAs) between the NF and the Implementing Agency (IA Phare CBC) i.e. the Ministry of Regional Development and Public Works. Furthermore, the NAO must submit to the Commission the designation of the PAOs and a description of the system put in place, highlighting the flow of information between the NF and the IA, and the manner in which the payment function between them will be carried out. Two further payments13 of up to 30% of the funds to be managed locally14 will be made. The second payment will be triggered when 5 % of the total budget in force15 has been disbursed by the IA. The third payment may be requested when 35% of the total budget in force16 has been disbursed. 11 representing pre-financing as defined in Art. 105 (1) of the Implementing Rules to the Financial Regulation 12 excluding the amount foreseen for Community Programmes 13 representing pre-financing as defined in Art. 105 (1) of the Implementing Rules to the Financial Regulation 14 excluding the amount for Community Programmes 15 excluding the amount for Community Programmes 16 excluding the amount for Community Programmes A final fourth payment will be made when 70 % of the total budget in force17 has been disbursed and all contracts have been signed. Exceptionally the NAO may request more than the percentage agreed where it can be demonstrated by a cash-flow projection that the cash-flow requirements in the subsequent period will exceed such percentage. In cases where the aggregate of the funds deposited in the NF, IA accounts exceeds 15% of the total budget in force for the programme the Commission may exceptionally authorise a payment, if the NAO provides duly substantiated evidence that contractual obligations cannot be met with the funds available.

Payments to the National Fund. A first payment11 payment12 of up to 20% of the funds to be managed locally12locally13, will be sent to the NF following signature of the Financing Memorandum Agreement and the Financing Implementing Agreements (FAs) between the NF and the Phare CBC Implementing Agency (IA Phare CBC) i.e. the Ministry of Regional Development and Public WorksAgency. Furthermore, the NAO must submit to the Commission the designation of the PAOs and a description of the system put in place, highlighting the flow of information between the NF and the IA, Phare CBC Implementing Agency and the manner in which the payment function between them will be carried out. Two further payments13 payments14 of up to 30% of the funds to be managed locally14 locally15 will be made. The second payment will be triggered when 5 % of the total budget in force15 force16 has been disbursed by 11 in Annex Nature Conservation to the IA. The third payment may be requested when 35% of the total budget in force16 has been disbursed. 11 corresponding investment project fiche 12 representing pre-financing as defined in Art. 105 (1) of the Implementing Rules to the Financial Regulation 12 13 excluding the amount foreseen for Community Programmes 13 14 representing interim payments or the renewal of pre-financing as defined in Art. 105 (1) of the Implementing Rules to the Financial Regulation 14 excluding by the amount for Community Programmes 15 excluding Phare CBC Implementing Agency. The third payment may be requested when 35% of the amount for Community Programmes 16 excluding the amount for Community Programmes total budget in force17 has been disbursed. A final fourth payment will be made when 70 % of the total budget in force17 force18 has been disbursed and all contracts have been signed. Exceptionally the NAO may request more than the percentage agreed where it can be demonstrated by a cash-flow projection that the cash-flow requirements in the subsequent period will exceed such percentage. In cases where the aggregate of the funds deposited in the NF, IA and the Phare CBC Implementing Agency accounts exceeds 15% of the total budget in force for the programme the Commission may exceptionally authorise a payment, if the NAO provides duly substantiated evidence that contractual obligations cannot be met with the funds available.

Payments to the National Fund. A first payment11 of up to 2020 % of the funds to be managed locally12, will be sent to the NF following signature of the Financing Memorandum and the Financing Agreements (FAs) between the NF and the Implementing Agency (IA Phare CBC) ), i.e. the Ministry of Regional Development and Public Works. Furthermore, the NAO must submit to the Commission the designation of the PAOs and a description of the system put in place, highlighting the flow of information between the NF and the IA, IA Phare CBC and the manner in which the payment function between them will be carried out. Two further payments13 of up to 3030 % of the funds to be managed locally14 will be made. The second payment will be triggered when 5 % of the total budget in force15 has been disbursed by the IA. The third payment may be requested when 3535 % of the total budget in force16 has been disbursed. 11 representing pre-financing as defined in Art. 105 (1) of the Implementing Rules to the Financial Regulation 12 excluding the amount foreseen for Community Programmes 13 representing pre-financing as defined in Art. 105 (1) of the Implementing Rules to the Financial Regulation 14 excluding the amount for Community Programmes 15 excluding the amount for Community Programmes 16 excluding the amount for Community Programmes A final fourth payment will be made when 70 % of the total budget in force17 has been disbursed and all contracts have been signed. Exceptionally the NAO may request more than the percentage agreed where it can be demonstrated by a cash-flow projection that the cash-flow requirements in the subsequent period will exceed such percentage. In cases where the aggregate of the funds deposited in the NF, NF and IA accounts exceeds 1515 % of the total budget in force for the programme the Commission may exceptionally authorise a payment, if the NAO provides duly substantiated evidence that contractual obligations cannot be met with the funds available.

Payments to the National Fund. A first payment11 of up to 20% of the funds to be managed locally12, will be sent to the NF following signature of the Financing Memorandum and the Financing Agreements (FAs) between the NF and the Implementing Agency Agencies (IA Phare CBC) i.e. the Ministry of Regional Development IAs)/Central Finance and Public WorksContracts Unit (CFCU). Furthermore, the NAO must submit to the Commission the designation of the PAOs and a description of the system put in place, highlighting the flow of information between the NF and the IA, /CFCU and the manner in which the payment function between them will be carried out. Two further payments13 of up to 30% of the funds to be managed locally14 will be made. The second payment will be triggered when 5 % of the total budget in force15 has been disbursed by the IAIAs and the CFCU. The third payment may be requested when 35% of the total budget in force16 has been disbursed. A final fourth payment will be made when 70 % of the total budget in force17 has been disbursed and all contracts have been signed. 11 representing pre-financing as defined in Art. 105 (1) of the Implementing Rules to the Financial Regulation 12 excluding the amount foreseen for Community Programmes 13 representing pre-financing as defined in Art. 105 (1) of the Implementing Rules to the Financial Regulation 14 excluding the amount for Community Programmes 15 excluding the amount for Community Programmes 16 excluding the amount for Community Programmes A final fourth payment will be made when 70 % of 17 excluding the total budget in force17 has been disbursed and all contracts have been signed. amount for Community Programmes Exceptionally the NAO may request more than the percentage agreed where it can be demonstrated by a cash-flow projection that the cash-flow requirements in the subsequent period will exceed such percentage. In cases where the aggregate of the funds deposited in the NF, IA CFCU and IAs accounts exceeds 15% of the total budget in force for the programme the Commission may exceptionally authorise a payment, if the NAO provides duly substantiated evidence that contractual obligations cannot be met with the funds available.

Payments to the National Fund. A first payment11 of up to 2020 % of the funds to be managed locally12, will be sent to the NF following signature of the Financing Memorandum and the Financing Agreements (FAs) between the NF and the Implementing Agency of Phare CBC (IA Phare CBC) ), i.e. the Ministry of Regional Development and Public Works. Furthermore, the NAO must submit to the Commission the designation of the PAOs and a description of the system put in place, highlighting the flow of information between the NF and the IA, IA Phare CBC and the manner in which the payment function between them will be carried out. Two further payments13 of up to 3030 % of the funds to be managed locally14 will be made. The second payment will be triggered when 5 % of the total budget in force15 has been disbursed by the IAIA Phare CBC. The third payment may be requested when 3535 % of the total budget in force16 has been disbursed. 11 representing pre-financing as defined in Art. 105 (1) of the Implementing Rules to the Financial Regulation 12 excluding the amount foreseen for Community Programmes 13 representing pre-financing as defined in Art. 105 (1) of the Implementing Rules to the Financial Regulation 14 excluding the amount for Community Programmes 15 excluding the amount for Community Programmes 16 excluding the amount for Community Programmes A final fourth payment will be made when 70 % of the total budget in force17 has been disbursed and all contracts have been signed. Exceptionally the NAO may request more than the percentage agreed where it can be demonstrated by a cash-flow projection that the cash-flow requirements in the subsequent period will exceed such percentage. In cases where the aggregate of the funds deposited in the NF, NF and IA accounts exceeds 1515 % of the total budget in force for the programme the Commission may exceptionally authorise a payment, if the NAO provides duly substantiated evidence that contractual obligations cannot be met with the funds available.

Payments to the National Fund. A first payment11 payment27 of up to 20% of the funds to be managed locally12locally28, will be sent to the NF following signature of the Financing Memorandum and the Financing Agreements (FAs) between the NF and the Implementing Agency Agencies (IA Phare CBC) i.e. the Ministry of Regional Development IAs)/Central Finance and Public WorksContracts Unit (CFCU). Furthermore, the NAO must submit to the Commission the designation of the PAOs and a description of the system put in place, highlighting the flow of information between the NF and the IA, /CFCU and the manner in which the payment function between them will be carried out. Two further payments13 payments29 of up to 30% of the funds to be managed locally14 locally30 will be made. The second payment will be triggered when 5 % of the total budget in force15 force31 has been disbursed by the IAIAs and the CFCU. The third payment may be requested when 35% of the total budget in force16 force32 has been disbursed. 11 representing pre-financing as defined in Art. 105 (1) of the Implementing Rules to the Financial Regulation 12 excluding the amount foreseen for Community Programmes 13 representing pre-financing as defined in Art. 105 (1) of the Implementing Rules to the Financial Regulation 14 excluding the amount for Community Programmes 15 excluding the amount for Community Programmes 16 excluding the amount for Community Programmes A final fourth payment will be made when 70 % of the total budget in force17 force33 has been disbursed and all contracts have been signed. Exceptionally the NAO may request more than the percentage agreed where it can be demonstrated by a cash-flow projection that the cash-flow requirements in the subsequent period will exceed such percentage. In cases where the aggregate of the funds deposited in the NF, IA CFCU and IAs accounts exceeds 15% of the total budget in force for the programme the Commission may exceptionally authorise a payment, if the NAO provides duly substantiated evidence that contractual obligations cannot be met with the funds available.. 27 representing pre-financing as defined in Art. 105 (1) of the Implementing Rules to the Financial Regulation 28 excluding the amount foreseen for Community Programmes 29 representing pre-financing as defined in Art. 105 (1) of the Implementing Rules to the Financial Regulation 30 excluding the amount for Community Programmes 31 excluding the amount for Community Programmes 32 excluding the amount for Community Programmes 33 excluding the amount for Community Programmes