Common use of REPORTING AND PAYMENT ARRANGEMENTS Clause in Contracts

REPORTING AND PAYMENT ARRANGEMENTS. The following reporting and payment provisions shall apply: IV.1 First pre-financing payment IV.2 Second pre-financing payment IV.2.1 By 30/04/2024 the coordinator must complete and submit an INTERIM REPORT on the implementation of the Project, covering the reporting period from the beginning of the implementation of the project, as specified in Article II.2, to 31/10/2023. The approval of the interim report by the NA is a prerequisite for a second pre-financing payment to be made by the NA to the coordinator. By 31/03/2024 the Partner shall provide the Coordinator with all the information and documents required for the successful submission of the interim report to the NA. In so far as the interim report is approved by the NA and demonstrates that the Project has used at least 70% of the total amount of first pre-financing payment to the Coordinator, the interim report is considered as a request for a second pre-financing payment to the Project. IV.2.2 The Coordinator shall pay to the Partner Organisation within 30 days following a second pre-financing payment being made by the NA, a second pre-financing payment of 2528,07 € corresponding to 40% of the maximum estimated WP1 and WP4 share for the partner, specified in article III.1.

REPORTING AND PAYMENT ARRANGEMENTS. The following reporting and payment provisions shall apply: IV.1 First pre-financing payment IV.2 Second pre-financing payment IV.2.1 By 30/04/2024 the coordinator must complete and submit an INTERIM REPORT on the implementation of the Project, covering the reporting period from the beginning of the implementation of the project, as specified in Article II.2, to 31/10/2023. The approval of the interim report by the NA is a prerequisite for a second pre-financing payment to be made by the NA to the coordinator. By 31/03/2024 the Partner shall provide the Coordinator with all the information and documents required for the successful submission of the interim report to the NA. In so far as the interim report is approved by the NA and demonstrates that the Project has used at least 70% of the total amount of first pre-financing payment to the Coordinator, the interim report is considered as a request for a second pre-financing payment to the Project. IV.2.2 The Coordinator shall pay to the Partner Organisation within 30 days following a second pre-financing payment being made by the NA, a second pre-financing payment of 2528,07 2951,57 € corresponding to 40% of the maximum estimated WP1 and WP4 share for the partner, specified in article III.1.