EFSF definition
Examples of EFSF in a sentence
To the extent allowed by law, EFSF may take concurrent Proceedings in any number of such jurisdictions.
All such cases as well as measures related thereto taken by national competent authorities shall be reported to EFSF and the Commission without delay.
The Master Facility may be made available by EFSF to the Beneficiary Member State by way of Financial Assistance.
EFSF shall inform the Beneficiary Member State in writing of the financial terms of all such Pre-Funding Operations.
This European Stability Mechanism ("ESM") will assume the tasks currently fulfilled by the European Financial Stability Facility ("EFSF") and the European Financial Stabilisation Mechanism ("EFSM") in providing, where needed, financial assistance to euro area Member States.
If the result of the evaluation is that the Beneficiary Member State has sufficient cash resources available, then, unless otherwise notified by EFSF, an amount of the Financial Assistance outstanding in an amount equal to the Allocated Portion shall become due and payable to EFSF at the date of maturity of such Funding Instruments.
The Parties agree that the rights and obligations of EFSF under this Agreement may be freely transferred to an independent, bankruptcy remote, special purpose company.
EFSF was incorporated on 7 June 2010 for the purpose of making stability support to member states of the European Union whose currency is the euro ("euro-area Member States").
EFSF or the transferee shall be entitled to notify the Parties to this Agreement of any such assignment or transfer.
The fact that EFSF is prepared to carry out and enter into a Pre-Funding Operation will not condition in any respect its decision regarding the compliance by the Beneficiary Member State with the economic policy conditions of the MoU and the Decision or on whether the conditions precedent to the provision of any Financial Assistance under any Instalment have been satisfied.