Common use of CONDITIONS FOR IMPLEMENTATION Clause in Contracts

CONDITIONS FOR IMPLEMENTATION. 3.1. The financial contribution of Switzerland to the two Framework Programmes in accordance with Article 5 of this Agreement shall normally remain unchanged for the financial year in question. 3.2. The Commission, at the time of the closure of the accounts relating to each financial year (n), within the framework of the establishment of the revenue and expenditure account, shall proceed to the regularisation of the accounts with respect to the participation of Switzerland, taking into consideration modifications which have taken place, either by transfer, cancellations, carry-overs, or by supplementary and amending budgets during the financial year. This regularisation shall occur at the time of the first payment for the year (n+1). However, the final such regularisation shall occur not later than July of the fourth year following the end of the two Framework Programmes. Payments by Switzerland shall be credited to the European Communities’ programmes as budget receipts allocated to the appropriate budget heading in the statement of revenue of the general budget of the European Union.