Article 103
1. Grants are direct financial contributions, by way of donation, from EDF resources in order to finance: (a) either an action intended to help achieve an objective of the ACP-EC Agreement or the Overseas Association Decision, or of a programme or project adopted in accordance with that Agreement or in accordance with that Decision; (b) or the functioning of a body which pursues such an objective. They shall be covered either by a written agreement or by a Commission decision notified to the successful applicant. 2. The following shall not constitute grants for the purposes of this Title: (a) financing agreements as referred to in Article 70(3)(a); (b) public contracts as referred to in Title V or direct labour operations as referred to in Title VI; (c) loans, guarantees, contributions, contracts, interest rate subsidies or any other financial operation managed by the EIB; (d) direct or indirect budgetary assistance, or aid to help relieve debt or support export earnings in the event of short-term fluctuations; (e) payments made to bodies to which implementation tasks are delegated by the Commission as provided for in Articles 25 to 28 or within the framework of joint management referred to in Article 29. 3. Articles 160 to 184a (Title VI ‘Grants’) and Article 253 of Regulation (EC, Euratom) No 2342/2002 shall apply mutatis mutandis to this title.