Common use of Maximum financial contribution of the Union Clause in Contracts

Maximum financial contribution of the Union. 1. The maximum financial contribution of the Union to the project shall be EUR [insert amount] ([insert amount in words] EURO). The actual financial contribution of the Union shall be calculated in accordance with the provisions of this grant agreement. 2. Details of the financial contribution of the Union are contained in Annex I to this grant agreement which includes: - a table of the estimated breakdown of budget and financial contribution of the Union per activity to be carried out by the beneficiary under the project. The beneficiary is allowed to transfer budget between different activities in so far as the work is carried out as foreseen in Annex I. - [a table specifying the budget to be reimbursed as a lump sum. The beneficiary is not allowed to transfer thefinancial contribution of the Union to the part to be reimbursed as a lump sum. The latter does not apply to beneficiaries from international cooperation partner countries.]3 3. The bank account of the beneficiary to which all payments of the financial contribution of the Union shall be made is: Name of account holder: Name of bank: Account reference: IBAN/sort code and number Article 5 Pre-financing

Maximum financial contribution of the Union. 1. The maximum financial contribution of the Union to the project shall be EUR [insert amount] ([insert amount in words] EURO). The actual financial contribution of the Union shall be calculated in accordance with the provisions of this grant agreement. 2. Details of the financial contribution of the Union are contained in Annex I to this grant agreement which includes: - a table of the estimated breakdown of budget and financial contribution of the Union per activity to be carried out by the beneficiary under the project. The beneficiary is allowed to transfer budget between different activities in so far as the work is carried out as foreseen in Annex I. ▇▇▇▇▇ ▇. - [a table specifying the budget to be reimbursed as a lump sum. The beneficiary is not allowed to transfer thefinancial the financial contribution of the Union to the part to be reimbursed as a lump sum. The latter does not apply to beneficiaries from international cooperation partner countries.]3 3. The bank account of the beneficiary to which all payments of the financial contribution of the Union shall be made is: Name of account holder: Name of bank: Account reference: IBAN/sort code and number Article 5 Pre-financing