Common use of Technical and Financial Reporting Clause in Contracts

Technical and Financial Reporting. REQUESTS FOR PAYMENT AND SUPPORTING DOCUMENTS For the purpose of Article II.25.1(c) and the approval of the proper implementation of the corresponding tasks or part of the action as described in Annex I, the beneficiary shall provide the information and documents as stated in the Annex IV. The requested outputs will reflect the progress made since the application stage in the two main areas of activities covered by the development action: the creative development and the financing as well as marketing research. Upon declaration regarding the outputs listed under ▇▇▇▇▇ ▇▇, the final grant will be determined as follows: Whereas the beneficiary delivers outputs in both categories listed below ("Creative Development" and "Financing and Marketing Research"), and that the total reaches - at least 70% of the outputs as weighted below, 100% of the grant shall be paid; - between 50 and 69% of the outputs as weighted below, 70% of the grant shall be paid; Under this threshold and/or if the applicant delivers outputs in only one of the two categories below (even if in full), the beneficiary is deemed to have failed to prove the proper implementation of the corresponding tasks or part of the action, and the Agency reserves the right to terminate the Grant Agreement as stipulated under Article II.16 and to recover the amount paid as per Article II.26. OUTPUTS to be delivered (as listed under ▇▇▇▇▇ ▇▇) 1. CREATIVE DEVELOPMENT

Technical and Financial Reporting. REQUESTS FOR PAYMENT AND SUPPORTING DOCUMENTS For the purpose of Article II.25.1(cII.25.1.c) and the approval of the proper implementation of the corresponding tasks or part of the action as described in Annex I, the beneficiary shall provide the information and documents as stated in the Annex IV. The requested outputs will reflect the progress made since the application stage in the two main areas of activities covered by the development action: the creative development and the financing as well as marketing research. Upon declaration regarding the outputs listed under ▇▇▇▇▇ ▇▇, the final grant will be determined as follows: Whereas the beneficiary delivers outputs in both categories listed below ("Creative Development" and "Financing and Marketing Research"), and that the total reaches - at least 70% of the outputs as weighted below, 100% of the grant shall be paid; - between 50 and 69% of the outputs as weighted below, 70% of the grant shall be paid; Under this threshold and/or if the applicant delivers outputs in only one of the two categories below (even if in full), the beneficiary is deemed to have failed to prove the proper implementation of the corresponding tasks or part of the action, and the Agency reserves the right to terminate the Grant Agreement as stipulated under Article II.16 and to recover the amount paid as per Article II.26. OUTPUTS to be delivered (as listed under ▇▇▇▇▇ ▇▇) 1. CREATIVE DEVELOPMENT