During the first quarter of each financial year, the Globalia Organization, at its own discretion, will analyse and assess each individual claim and the total of claims received the previous financial year, using the following criteria:
9.1. The gross amount of an invoice taken into consideration will exclude local taxes, VAT, and interests/charges for late payments.
9.2. The sum of invoices from any creditor/s will be reduced by the amount of any invoices or charges owed by the creditor/s to the debtor.
9.3. Should payments to multiple creditors within the same fiscal year become necessary, proportional payments will be made up to a maximum limit of 25,000 USD per debtor.
9.4. Up to 80% of the PPP fund will be available for compensation. The balance of any funds not distributed in the same fiscal year will be used to increase the PPP funds.