EU guarantee definition

EU guarantee means an overall irrevocable, unconditional and on demand budgetary guarantee provided by the Union budget under which the budgetary guarantees in accordance with Article 219(1) of the Financial Regulation take effect through the entry into force of individual guarantee agreements with implementing partners;

EU guarantee means an overall guarantee provided by the Union budget under which the budgetary guarantees in accordance with [Article 219(1) of the [Financial Regulation] take effect through the signature of individual guarantee agreements with implementing partners;

EU guarantee has the meaning given to it in Recital (11).

Examples of EU guarantee in a sentence

• Similarly, a submission to the Portal does not mean that the project will in the end benefit from the EU guarantee.

• It also defines the two compartments of the EU guarantee: (i) EU compartment; and (ii) Member State compartment, which will be composed of one sub-compartment per Member State which decides to contribute part of its funds under shared management into the InvestEU Fund.

• The European Structural and Investments Funds address the market gaps related to investment projects including those in energy efficiency, and the European Fund for Strategic Investments provides EU guarantee for investment projects – including those for energy efficiency.

• The EU guarantee shall be eligible to provide either first loss guarantees on a portfolio basis or a full guarantee.

• The EU guarantee may be granted on a pari passu basis with other contributors.

• A project team composed of experts put at the disposal of the Commission by the implementing partners will prepare the scoreboard on potential financing and investment operations for the assessment of the Investment Committee whether to grant the benefit of the EU guarantee to these operations or not.

• The Investment Committee approves the use of the EU guarantee for financing and investment operations.

• This Regulation establishes the InvestEU Fund providing for an EU guarantee for financing and investment operations carried out by the implementing partners in support of the Union’s internal policies.This Regulation also establishes an advisory support mechanism to support the development of investable projects and access to financing and to provide related capacity building (‘InvestEU Advisory Hub’).

• Where the ceiling is not reached, the EU guarantee covers the full amount.

• In particular, the report recommended that the Commission carries out an assessment of market needs and how EU guarantee instruments can best respond to these needs alongside national/regional instruments.

More Definitions of EU guarantee

EU guarantee means the EU guarantee as defined in Article 2(2) of the InvestEU Regulation;

EU guarantee has the meaning given to it in Recital (1). “EURIBOR” has the meaning given to it in Schedule A. “EUR” and “euro” mean the lawful currency of the Member States of the European Union which adopt or have adopted it as their currency in accordance with the relevant provisions of the Treaty on European Union and the Treaty on the Functioning of the European Union or their succeeding treaties.

EU guarantee means the guarantee set out in Part C;

EU guarantee means the part of the EU guarantee which is provisioned from [Member State]’s Contribution from Funds under Shared Management [and the Cash Contribution] and which covers financing and investment operations implemented under the Member State Compartment defined in this Contribution Agreement in line with Article [2(1)(2)] of the InvestEU Regulation;