Common use of of GA Clause in Contracts

of GA. The Community Financial Contribution‌ a) A single pre-financing payment paid at the start of the project (Article 6 of GA) b) Interim payments following each reporting period c) The final payment at the end of the project for the last reporting period plus any adjustment needed. For the calculation of the final Community contribution, any interest generated by the pre- financing in the account of the coordinator as well as any receipt received by the beneficiary has to be taken into account1. The information on maximum rates of contribution according to the activities and the type of beneficiary concerned can be found in Article II.16 of GA. Project A: Maximum EC contribution: EUR 3,000,000 Duration: 3 years