Recovery at payment of the balance. If the payment of the balance takes the form of a recovery (see Article 21.4), the Agency will formally notify a ‘pre-information letter’ to the beneficiary: - informing it of its intention to recover, the amount due as the balance and the reasons why; - specifying that it intends to deduct the amount to be recovered from the amount retained for the Guarantee Fund; and - inviting it to submit observations within 30 days of receiving notification. If no observations are submitted or the Agency decides to pursue recovery despite the observations it has received, it will confirm recovery (together with the notification of amounts due; see Article 21.5) and: - pay the difference between the amount to be recovered and the amount retained for the Guarantee Fund, if the difference is positive or - formally notify to the beneficiary a debit note for the difference between the amount to be recovered and the amount retained for the Guarantee Fund, if the difference is negative. This note will also specify the terms and the date for payment. If payment is not made by the date specified in the debit note, the Agency will recover the amount:
Recovery at payment of the balance. If the payment of the balance takes the form of a recovery (see Article 17.4), the Agency will formally notify a ‘pre-information letter’ to the coordinator: - informing it of its intention to recover, the amount due as the balance and the reasons why and - inviting the coordinator to submit observations within 30 days of receiving notification. If no observations are submitted or the Agency decides to pursue recovery despite the observations it has received, it will confirm the amount to be recovered and formally notify to the coordinator a debit note with the terms and the date for payment (together with the notification of amounts due; see Article 17.5). If payment is not made by the date specified in the debit note, the Agency or the Commission will recover the amount:
Recovery at payment of the balance. If the payment of the balance takes the form of a recovery (see Article 21.4), the [Commission][Agency] Agency will formally notify a ‘pre-information letter’ to the beneficiary: informing it of its intention to recover, the amount due as the balance and the reasons why; specifying that it intends to deduct the amount to be recovered from the amount retained for the Guarantee Fund; and inviting it to submit observations within 30 days of receiving notification. If no observations are submitted or the [Commission][Agency] Agency decides to pursue recovery despite the observations it has received, it will confirm recovery (together with the notification of amounts due; see Article 21.5) and: pay the difference between the amount to be recovered and the amount retained for the Guarantee Fund, if the difference is positive or formally notify to the beneficiary a debit note for the difference between the amount to be recovered and the amount retained for the Guarantee Fund, if the difference is negative. This note will also specify the terms and the date for payment. If payment is not made by the date specified in the debit note, the [Commission][Agency] Agency will recover the amount: by offsetting it — without the beneficiary’s consent — against any amounts owed to the beneficiary by the Agency, the Commission or another executive agency (from the EU or Euratom budget). In exceptional circumstances, to safeguard the EU’s financial interests, the [Commission][Agency] Agency may offset before the payment date specified in the debit note; by drawing on the Guarantee Fund. The Agency or the [Commission][Agency] will formally notify the beneficiary the debit note on behalf of the Guarantee Fund and recover the amount: [OPTION if Article 14 applies and joint and several liability has been requested by the [Commission][Agency]: if a linked third party has accepted joint and several liability (see Article 14), by holding the third party liable up to the maximum EU contribution indicated, for the linked third party, in the estimated budget (see Annex 2) and/or][OPTION: not applicable;] by taking legal action (see Article 57) or by adopting an enforceable decision under Article 299 of the Treaty on the Functioning of the EU (TFEU) [and Article 106a of the Euratom Treaty] (see Article 57) and Article 79(2) of the Financial Regulation No 966/2012. If payment is not made by the date in the debit note, the amount to be recovered (see above) will be increased by late-paymen...
Recovery at payment of the balance. If the payment of the balance takes the form of a recovery (see Article 21.4), the Agency will formally notify a ‘pre-information letter’ to the beneficiary: informing it of its intention to recover, the amount due as the balance and the reasons why; specifying that it intends to deduct the amount to be recovered from the amount retained for the Guarantee Fund; and inviting it to submit observations within 30 days of receiving notification. If no observations are submitted or the Agency decides to pursue recovery despite the observations it has received, it will confirm recovery (together with the notification of amounts due; see Article 21.5) and: pay the difference between the amount to be recovered and the amount retained for the Guarantee Fund, if the difference is positive or formally notify to the beneficiary a debit note for the difference between the amount to be recovered and the amount retained for the Guarantee Fund, if the difference is negative. This note will also specify the terms and the date for payment. If payment is not made by the date specified in the debit note, the Agency will recover the amount: by offsetting it — without the beneficiary’s consent — against any amounts owed to the beneficiary by the Agency, the Commission or another executive agency (from the EU or Euratom budget). In exceptional circumstances, to safeguard the EU’s financial interests, the Agency may offset before the payment date specified in the debit note;
