2. Article

According to payment plan the LP claims the first kick off payment of 5 % of the project sum and after that a payment by presenting a progress report (activity and financial report), see § 6 (3) including a confirmation by the national financial control structure or an auditor, accountant or financial manager, which is acknowledged by the national financial control structure (standard form will be provided by the Luxemburg financial control structure model of confirmation prepared by the CU). The last 5 % of the project sum is paid out after all control procedures are finalised.