Temporary Framework definition
Examples of Temporary Framework in a sentence
That's why we propose to extend the Temporary Framework to enable Member States to give further support to micro and small companies, including start-up companies.
Eligible industries All industries (agriculture including), safe for EIB Group restricted sectors State Aid Implementation of the instrument will follow one of the following state aid schemes: Temporary Framework, de minimis regulation or any other bespoke regime as agreed with DG COMP.
Max principal Up to EUR [7.5]m Maturity Min [3] months to Maximum [144] months Eligible industries All industries (agriculture including), safe for EIB Group restricted sectors State Aid Implementation of the instrument will follow one of the following state aid schemes: Temporary Framework, de minimis regulation or any other bespoke regime as agreed with DG COMP.
The repurchase offer concluded on April 19, 2023 was further increased by the Exit Amount due by the Company to the State in accordance with the rules provided for in the Temporary Framework and the Covid aid decision (Decision SA.59913).
State aid temporary framework means the EU State aid Temporary Framework as adopted on 19 March 2020 (C(2020) 1863) and its amendments C(2020) 2215 of 3 April 2020, C(2020) 3156 of 8 May 2020, C(2020) 4509 of 29 June 2020, C(2020) 7127 of 13 October 2020, and C(2021) 564 of 28 January 2021.
This allowance includes any grants previously received under the COVID-19 business grant schemes and any State aid previously received under Section 3.1 of the European Commission’s Temporary Framework across any other UK scheme.
Indeed, with a view to repayment of the Recapitalisation aid and given that the State announced to the Board of Directors of Air France-KLM that it did not intend to sell the State Shares 2021, the State has given its consent to benefit from the provisions of point 64ter of the Temporary Framework.
Different European rules could apply specifically with respect to guaranties that are granted on the basis of so-called “Befristeten Regelung Bürgschaften” (Guarantee scheme under Temporary Framework), “Bundesregelung Kleinbeihilfen” (Federal Framework — limited amounts of comparable aid) as well as the “De-Minimus-Regelung” (Framework of de minimis aid) as well as the General Block Exemption Regulation.
As the aforementioned two-year period ends on April 19, 2023, Air France-KLM intends to implement the mechanism referred to in point 64ter of the Temporary Framework by making a payment to the State of the exit amount (the « Exit Amount »), in order to allow the full lifting of the "bans" imposed to Air France- KLM due to the granting of the Recapitalisation and as explained in more detail by the Board of Directors at its meeting of February 16, 2023.