Common use of Calculation of the Clause in Contracts

Calculation of the. FINAL AMOUNT OF THE CONTRIBUTION TO BE PAID BY THE EUIPO The EUIPO shall adopt the amount of the final payment to be granted to the IPO on the basis of the approved Execution Reports. The total amount paid to the IPO by the EUIPO may not in any circumstances exceed the maximum amount referred to in Article 3 of the Special Conditions of the Agreement. Without prejudice to the right to terminate the Agreement under Article 4 of the General Conditions, if the project is not implemented or is implemented poorly, partially or late, the EUIPO may reduce the amount initially provided for in line with the actual implementation of the project on the terms laid down in this Agreement. The exact implementation conditions are referenced in Annex III On the basis of the amount of the final payment determined in this way and of the aggregate amount of the payments already made under the terms of the Agreement, the EUIPO shall set the amount of the payment of the balance as being the amount still owing to the IPO. Where the aggregate amount of the payments already made exceeds the amount of the final amount to be paid, the EUIPO shall issue a recovery order for the surplus. For the purposes of this Article, only eligible activities and costs falling within the categories set out in the estimated budget referred to in Article 16(1) presented in Annex III shall be taken into account.

Calculation of the. FINAL AMOUNT OF THE CONTRIBUTION TO BE PAID BY THE EUIPO The EUIPO shall adopt the amount of the final payment to be granted to the IPO on the basis of the approved Execution Reports. The total amount paid to the IPO by the EUIPO may not in any circumstances exceed the maximum amount referred to in Article 3 of the Special Conditions of the Agreement. Without prejudice to the right to terminate the Agreement under Article 4 of the General Conditions4, if the project is not implemented or is implemented poorly, partially or late, the EUIPO may reduce the amount initially provided for in line with the actual implementation of the project on the terms laid down in this Agreement. The exact implementation conditions are referenced in Annex III III. On the basis of the amount of the final payment determined in this way and of the aggregate amount of the payments already made under the terms of the Agreement, the EUIPO shall set the amount of the payment of the balance as being the amount still owing to the IPO. Where the aggregate amount of the payments already made exceeds the amount of the final amount to be paid, the EUIPO shall issue a recovery order for the surplus. For the purposes of this Article, only eligible activities and costs falling within the categories set out in the estimated budget referred to in Article 16(1) 18.1 presented in Annex III shall be taken into account.

Calculation of the. FINAL AMOUNT OF THE CONTRIBUTION TO BE PAID BY THE EUIPO The EUIPO shall adopt the amount of the final payment to be granted to the IPO on the basis of the approved Execution Reports. The total amount paid to the IPO by the EUIPO may not in any circumstances exceed the maximum amount referred to in Article 3 of the Special Conditions of the Agreement. Without prejudice to the right to terminate the Agreement under Article 4 of the General Conditions, if the project is not implemented or is implemented poorly, partially or late, the EUIPO may reduce the amount initially provided for in line with the actual implementation of the project on the terms laid down in this Agreement. The exact implementation conditions are referenced in Annex III On the basis of the amount of the final payment determined in this way and of the aggregate amount of the payments already made under the terms of the Agreement, the EUIPO shall set the amount of the payment of the balance as being the amount still owing to the IPO. Where the aggregate amount of the payments already made exceeds the amount of the final amount to be paid, the EUIPO shall issue a recovery order for the surplus. For the purposes of this Article, only eligible activities and costs falling within the categories set out in the estimated budget referred to in Article 16(118(1) presented in Annex III shall be taken into account.