Common use of Interim reports and further Clause in Contracts

Interim reports and further. pre-financing payments 1. Where the interim report shows that less than 70% of the previous pre-financing payment(s) paid has been used to cover costs of the Project, the coordinator must submit a further interim report once at least 70 % of the amount of first pre-financing payment has been used, which must be considered as a request for a further pre-financing payment and must specify the amount requested up to 78 892,00 EUR corresponding to 40 % of the maximum amount specified in Article I.3.1. Without prejudice to Articles II.24.1 and II.24.2 and following approval of the report by the NA, the NA must pay to the coordinator the further pre-financing payment within 60 calendar days on receipt of the interim report. By February 29, 2024, the coordinator must complete a progress report on the implementation of the Project, covering the reporting period from the submission of the interim report to January 31, 2024.

Interim reports and further. pre-financing payments 13.1. Where the interim report shows that less than 70% of the previous first pre-financing payment(s) payment paid has been used to cover costs of the Project, the coordinator must submit a further interim report once at least 70 % of the amount of the first pre-financing payment has been used, which must be considered as a request for a further pre-financing payment and must specify the requested amount requested up to 78 892,00 of EUR 119 902 corresponding to 40 % [40%] of the maximum amount specified in Article I.3.1. Without prejudice to Articles II.24.1 and II.24.2 and following approval of the report by the NA, the NA must pay to the coordinator the further pre-financing payment within 60 calendar days on receipt of the interim report. By February 29, 2024, the coordinator must complete a progress report on the implementation of the Project, covering the reporting period from the submission of the interim report to January 31, 2024...