Common use of – DE MINIMIS AID Clause in Contracts

– DE MINIMIS AID. 8.1 Any aid granted to the Incubatee that originates from SIL and that is provided under this Contract to the Incubatee by SIL falls under the terms of EC Regulation 1998/2006 of 15th of December 2006 on the application of Articles 87 and 88 of the EC Treaty to ‘de minimis aid’. 8.2 The Incubatee shall notify UK authorities (i.e. SIL) through ESA BIC UK in writing of how much state aid it has received during the three (3) years prior to the Commencement Date from any administrative body, insofar as no approval for such state aid was previously obtained from the Commission of the European Communities (“Declaration of State Aid”). 8.3 The Incubatee agrees to reimburse any state aid that the Incubatee has received under this Contract if it is later established that the payment was issued in violation of EC Regulation 1998/2006 of 15th of December 2006 on the application of Article 87 and 88 of the EC Treaty to de minimis aid.

– DE MINIMIS AID. 8.1 Any aid granted to the Incubatee that originates from SIL the Austrian Ministry of Economic Affairs and that is provided under this the Contract to the Incubatee by SIL falls SPG may fall under the terms of EC Regulation 1998/2006 of 15th of December 2006 on the application of Articles 87 and 88 of the EC Treaty to ‘de minimis aid’. 8.2 The Incubatee shall notify UK authorities (i.e. SIL) the Austrian Ministry of Economic Affairs through ESA BIC UK SPG in writing of how much state aid it has received during the three (3) years prior to the Commencement Date from any administrative body, insofar as no approval for such state aid was previously obtained from the Commission of the European Communities (“Declaration of State Aid”). 8.3 The Incubatee agrees to reimburse any state aid that the Incubatee has received under this the Contract if it is later established that the payment was issued in violation of EC Regulation 1998/2006 of 15th of December 2006 on the application of Article 87 and 88 of the EC Treaty to de minimis aid.