Common use of Special Contribution Clause in Contracts

Special Contribution. 1. In accordance with the Decision of the Council determining the special contribution of Ireland approved during the 147th Council meeting held on 05-06.06.2018, adopted pursuant to Article VII (3) of the Convention, Ireland shall pay in cash to the Organisation a special contribution of €14,660,000 (in words: Fourteen Million Six Hundred Sixty Thousand Euros) in 2018 prices in total. This amount is firm and not subject to revision. 2. The special contribution amount shall be paid by Ireland to the Organisation in eleven instalments as set out below in Table 1: Year 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 M Euro 0.25 1.441 1.441 1.441 1.441 1.441 1.441 1.441 1.441 1.441 1.441 3. At the time of an invoice being issued by the Organisation the yearly instalments are subject to yearly indexation with respect to 2018, using the Organisation’s cost-variation index updated annually and approved by the Council. 4. Table 1 assumes that the year of accession to the Convention is 2018. If the accession to the Convention takes place later than 2018, any indexed instalment from earlier year(s) shall be paid in the year of accession to the Convention. 5. For 2018 Ireland shall pay the yearly instalment within 30 natural days from the receipt of the invoice issued by the Organisation after the date of accession to the Convention. 6. For 2019 and subsequent years, Ireland shall pay the indexed yearly instalments as specified in Table 1 in paragraph 1 above within 30 natural days from the receipt of the invoice issued by the Organisation. 7. In the event of late payment, the Organisation shall charge Ireland with interest. The interest to be charged shall be calculated on that portion of Ireland’s contribution which has not been paid within 90 days of the due date, as defined accordingly in paragraph 3 or 4 above. The interest rate used shall be the EURIBOR 3 months plus 1 percentage point. The Organisation shall inform Ireland of the interest due when making the call for the subsequent contributions. The modalities for payment of the interest will be defined on a case by case basis in consultation with Ireland. 8. Ireland shall be entitled to make early payments of some or all the yearly instalments in case this would be useful for Ireland. In such a case a new schedule of payments of the yearly instalments shall be agreed between Ireland and the Organisation.

Special Contribution. 1. In accordance with the Decision of the Council determining the special contribution of Ireland approved during the 147th Council meeting held on 05-06.06.2018, adopted pursuant to Article VII (3) of the Convention, Ireland shall pay in cash to the Organisation a special contribution of €14,660,000 (in words: Fourteen Million Six Hundred Sixty Thousand Euros) in 2018 prices in total. This amount is firm and not subject to revision. 2. The special contribution amount shall be paid by Ireland to the Organisation in eleven instalments as set out below in Table 1: Year 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 M Euro 0.25 1.441 1.441 1.441 1.441 1.441 1.441 1.441 1.441 1.441 1.441 3. At the time of an invoice being issued by the Organisation the yearly instalments are subject to yearly indexation with respect to 2018, using the Organisation’s cost-cost- variation index updated annually and approved by the Council. 4. Table 1 assumes that the year of accession to the Convention is 2018. If the accession to the Convention takes place later than 2018, any indexed instalment from earlier year(s) shall be paid in the year of accession to the Convention. 5. For 2018 Ireland ▇▇▇▇ ▇▇▇▇▇▇▇ shall pay the yearly instalment within 30 natural days from the receipt of the invoice issued by the Organisation after the date of accession to the Convention. 6. For 2019 and subsequent years, Ireland shall pay the indexed yearly instalments as specified in Table 1 in paragraph 1 above within 30 natural days from the receipt of the invoice issued by the Organisation. 7. In the event of late payment, the Organisation shall charge Ireland with interest. The interest to be charged shall be calculated on that portion of Ireland’s contribution which has not been paid within 90 days of the due date, as defined accordingly in paragraph 3 or 4 above. The interest rate used shall be the EURIBOR 3 months plus 1 percentage point. The Organisation shall inform Ireland of the interest due when making the call for the subsequent contributions. The modalities for payment of the interest will be defined on a case by case basis in consultation with Ireland. 8. Ireland shall be entitled to make early payments of some or all the yearly instalments in case this would be useful for Ireland. In such a case a new schedule of payments of the yearly instalments shall be agreed between Ireland and the Organisation.