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Article 63 Payment to lead beneficiaries

United Kingdom

Original text. Later amendments are not shown.

1.

Payments to lead beneficiaries can take one of the following forms:

(a)

prefinancing;

(b)

interim payment;

(c)

payment of the final balance.

2.

The Managing Authority shall ensure that payments to lead beneficiaries are processed as quickly as possible according to the signed contract. No amount shall be deducted or withheld, unless supported by the signed contract and no specific charge or other charge with equivalent effect shall be levied reducing these payments.