Common use of Contracted Amount Clause in Contracts

Contracted Amount. (1) Total approved amount of the investment is _______________________________________ALL (say ___________________________________________________________________________). (2) The total eligible expenditure of the investment is __________________________ALL (in words______________________________________________________________________).2 (3) Total Public Contribution approved with Notification letter no. ______of date _/_/_ is at the amount of____________________________________________________________ALL (in words___________________________________________) which is ____% of the total approved of eligible expenditure of the investment.3 (3a) The Total Public Contribution shall be constituted of: - Amount of ______________________________ALL, 75% European Contribution and - Amount of ______________________________ALL 25% National financing. (4) The amount of public contribution representing the national co-financing is 25% of the amount of public contribution stated in paragraph (3a) first line of this Article. (5) The amount of public contribution representing the part of EU contribution is 75% of the amount of public contribution stated in paragraph (3a) second line of this Article. (6) The Agency (ARDA) shall pay _(50,60,65)__% from the actually incurred, proven and eligible expenditures, but not more than the amount determined in paragraph (3) of this Article and not more than the amount for goods/services of the investment referred to in Annex 1of this Contract - Table for goods and services, even if the real expenses exceed the approved amount. (7) The percentage of the public contribution determined in paragraph (3) of this Article can be changed only in case of amendment to the Contract due to the natural disaster. (8) The amount stated under paragraph 3 of this article will be paid after finalization of the investment and submission of the claim for payment stated in article 4 paragraph (1),(2) and (3) on the following personal bank account number of the Recipient ___________________________________________, at the following Bank (name of the Bank)_______________________________________.