Interim Payments EC pay all accepted costs of previous Reporting Period as next interim payment (less pre-financing interest) Does not require Audit Certificate unless total accepted costs have reached 375,000 or multiples thereof (see Financial Audit below) Interim payments continue during life of project up to threshold of 90% of total budget or final reporting period EC assumption that participants will get Guarantee Fund so reality is receive up to threshold of 85% until final payment
{}