If payment is not made by the date in the debit note, the amount to be recovered will be increased by late-payment interest at the rate set out in Article I.5.6 from the day following the date for payment in the debit note up to and including the date the Commission receives full payment of the amount. Partial payments must first be credited against charges and late-payment interest and then against the principal. charges Bank charges incurred in the recovery process must be borne by the beneficiary, unless Directive 2007/64/EC applies. ARTICLE II.27 CHECKS, AUDITS AND EVALUATIONS – and financial checks, audits, interim and final evaluations The Commission may, during the implementation of the or afterwards, carry out action technical and financial checks and audits to determine that the beneficiary is implementing the properly and is complying with the obligations under the Agreement. It may also action check the beneficiary’s statutory records for the purpose of periodic assessments of lump sum, unit cost or flat-rate amounts. Information and documents provided as part of checks or audits must be treated on a confidential basis. In addition, the Commission may carry out an interim or final evaluation of the impact of the measured against the objective of the Union programme concerned. action, Commission checks, audits or evaluations may be carried out either directly by the Commission’s own staff or by any other outside body authorised to do so on its behalf. The Commission may initiate such checks, audits or evaluations during the implementation of the Agreement and during a period of five years starting from the date of payment of the balance. This period is limited to three years if the is not more maximum amount of the grant than EUR 60 000. The check, audit or evaluation procedures are considered to be initiated on the date of receipt of the letter of the Commission announcing it. If the audit is carried out on an affiliated entity, the beneficiary must inform that affiliated entity. II.27.2 Duty to keep documents The beneficiary must keep all original documents, especially accounting and tax records, stored on any appropriate medium, including digitalised originals when they are authorised
If payment is not made by the date in the debit note, the amount to be recovered will be increased by late-payment interest at the rate set out in Article I.5.6 from the day following the date for payment in the debit note up to and including the date the Commission receives full payment of the amount. Partial payments must first be credited against charges and late-payment interest and then against the principal. charges Bank charges incurred in the recovery process must be borne by the beneficiary, unless Directive 2007/64/EC applies. ARTICLE II.27 – CHECKS, AUDITS AND EVALUATIONS and financial checks, audits, interim and final evaluations The Commission may, during the implementation of the action or afterwards, carry out technical and financial checks and audits to determine that the beneficiary is implementing the action properly and is complying with the obligations under the Agreement. It may also check the beneficiary’s statutory records for the purpose of periodic assessments of lump sum, unit cost or flat-rate amounts. Information and documents provided as part of checks or audits must be treated on a confidential basis. In addition, the Commission may carry out an interim or final evaluation of the impact of the action, measured against the objective of the Union programme concerned. Commission checks, audits or evaluations may be carried out either directly by the Commission’s own staff or by any other outside body authorised to do so on its behalf. The Commission may initiate such checks, audits or evaluations during the implementation of the Agreement and during a period of five years starting from the date of payment of the balance. This period is limited to three years if the maximum amount of the grant is not more than EUR 60 000. The check, audit or evaluation procedures are considered to be initiated on the date of receipt of the letter of the Commission announcing it. If the audit is carried out on an affiliated entity, the beneficiary must inform that affiliated entity. II.27.2 Duty to keep documents The beneficiary must keep all original documents, especially accounting and tax records, stored on any appropriate medium, including digitalised originals when they are authorised
model-grant-agreement-monobeneficiary_en.docx