Common use of FINANCING THE PROJECT Clause in Contracts

FINANCING THE PROJECT. 4.1. The total eligible costs of the Project are estimated at «M_1__GRANT__in_WORDS» (EUR «M_1__GRANT__in_AMOUNT») as set out in the Budget. 4.2. IUCN undertakes to finance a maximum amount of «M_1__GRANT__in_WORDS» (EUR «M_1__GRANT__in_AMOUNT»). The Grant is further limited to 100% of the total estimated eligible costs of the Project. 4.3. The final amount of IUCN’s contribution shall be determined in accordance with Articles 13 and 16 of the General Conditions (Annex 2 to the Agreement). 4.4. A maximum of «M_44_INDIRECT_COSTS» of the final amount of direct eligible costs of the Project established in accordance with Articles 13 and 16 of General Conditions (Annex 2 to the Agreement), may be claimed as indirect costs.

FINANCING THE PROJECT. 4.1. The total eligible costs of the Project are estimated at «M_1__GRANT__in_WORDS» [INSERT AMOUNT IN WORDS] EURO (EUR «M_1__GRANT__in_AMOUNT») [INSERT AMOUNT] as set out in the Budget. 4.2. IUCN undertakes to finance a maximum amount of «M_1__GRANT__in_WORDS» [INSERT AMOUNT IN WORDS] EURO (EUR «M_1__GRANT__in_AMOUNT»)[INSERT AMOUNT]. The Grant is further limited to 100% [%] [enter applicable percentage] of the total estimated eligible costs of the Project. 4.3. The final amount of IUCN’s contribution shall be determined in accordance with Articles 13 and 16 of the General Conditions (Annex Attachment 2 to the Agreement). 4.4. A maximum of «M_44_INDIRECT_COSTS» [INSERT PERCENTAGE LIMITED TO 7%] of the final amount of direct eligible costs of the Project established in accordance with Articles 13 and 16 of General Conditions (Annex Attachment 2 to the Agreement), may be claimed as indirect costs.