Final amount of the grant Sample Clauses
The 'Final Amount of the Grant' clause defines the total sum of money that will be provided to the recipient under the terms of the agreement. This clause typically specifies the maximum funding available, outlines any conditions or milestones that must be met for full disbursement, and may detail how adjustments to the amount can occur based on project progress or reporting. Its core function is to establish financial certainty for both parties, ensuring clarity about the total grant commitment and preventing disputes over payment expectations.
Final amount of the grant. Final amount No profit
a) revenue generated by the project;
b) financial contributions specifically assigned by the donors to the financing of the same eligible costs financed by this Contract. Any financial contribution that may be used by the Lead Partner and/or the Partners to cover costs other than those eligible under this Contract or that are not due to the donor where unused at the end of the project are not to be considered as a receipt to be taken into account for the purpose of verifying whether the grant produces a profit for the Lead Partner and/or the Partners;
c) interest produced by the prefinancing and interim payments received from the MA.
Final amount of the grant. Final amount
16.1. The Grant may not exceed the maximum ceiling in Article 1 “Grant” of the Special Conditions either in terms of the absolute value or the percentage stated therein. If the eligible costs of the Project at the end of the Project are less than the estimated eligible costs as referred to in Article 1 of the Special Conditions, the Grant shall be limited to the amount obtained by applying the percentage laid down in Article 4.2 of the Special Conditions to the eligible costs of the Project approved by IUCN.
16.2. In addition and without prejudice to its right to terminate this Agreement pursuant to Article 11, if the Project is implemented poorly or partially - and therefore not in accordance with the Description of the Project in Attachment 1 - or late, IUCN may, by a duly reasoned decision and after allowing the Grantee(s) to submit its observations, reduce the initial Grant in line with the actual implementation of the Project and in accordance with the terms of this Agreement. This applies as well with regards to the visibility obligations set out in Article 6.
Final amount of the grant. If the eligible costs at the end of the project are less than the estimated eligible costs as referred to in Article 3.1, the grant shall be limited to the amount obtained by applying the percentage laid down in Article 3.2 to the eligible costs of the project approved by the MA.
Final amount of the grant. Final amount
17.1. The grant may not exceed the maximum ceiling in Article 3.2 of the Special Conditions either in terms of the absolute value or the percentage stated therein. If the eligible costs of the Action at the end of the Action are less than the estimated eligible costs as referred to in Article 3.2 of the Special Conditions, the grant shall be limited to the amount obtained by applying the percentage laid down in Article 3.2 of the Special Conditions to the eligible costs of the Action approved by the Contracting Authority.
17.2. In addition and without prejudice to its right to terminate this Contract pursuant to Article 12, if the Action is implemented poorly or partially - and therefore not in accordance with the description of the Action in Annex I - or late, the Contracting Authority may, by a duly reasoned decision and after allowing the Beneficiaries to submit their observations, reduce the initial grant in line with the actual implementation of the Action and in accordance with the terms of this Contract. This applies as well with regards to the visibility obligations set out in Article 6. In case of breach of obligations, fraud or irregularities the Contracting Authority may also reduce the grant in proportion of the seriousness of breach of obligations, fraud or irregularities. The measures described in the last paragraph may equally be adopted by the European Commission in pursuance of its administrative powers under the Financial Regulation (Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018, OJ-L 193/30.07.2018, p.1).
17.3. The grant may not produce a profit for the Beneficiaries, unless specified otherwise in Article 7 of the Special Conditions. Profit is defined as a surplus of the receipts over the eligible costs approved by the Contracting Authority when the request for payment of the balance is made.
17.4. The receipts to be taken into account are the consolidated receipts on the date on which the payment request for the balance is made by the Coordinator which fall within one of the two following categories:
a) EU grant;
b) income generated by the Action; unless otherwise specified in the Special Conditions.
17.5. In case of an operating grant, amounts dedicated to the building up of reserves shall not be considered as a receipt.
17.6. Where the final amount of the grant determined in accordance with the Contract would result in a profit, it shall be reduced by the percentage of th...
Final amount of the grant. 1. The total amount to be paid by the Council of Europe to the Grantee may not exceed the maximum amount established under Article 1 of this Agreement even if the overall payments exceed the estimated total budget set out in Appendix II.
2. The Grantee accepts that the grant of the Council of Europe shall be limited to the amount required to balance receipts and payments for the project and that it may not in any circumstances result in a surplus for the Grantee. The Council of Europe’s undertaking to pay its grant shall apply only for expenditure qualifying as eligible costs.
3. In cases where the project is suspended or not completed within the implementation period of this Agreement, the funds that remain unspent after all liabilities incurred in this period have been satisfied, including any interest earned, will be reimbursed to the Council of Europe.
4. Where the project is not implemented at all, or is not carried out properly, in full or on time, and without prejudice to its right to terminate this Agreement pursuant to Article 15, the Council of Europe may, after allowing the Grantee to submit its observations and without prejudice to Article 18, reduce the grant pro rata to take account of the part of the project that has not been implemented on the terms laid down in this Agreement.
Final amount of the grant. Final amount