ESM Treaty definition

ESM Treaty means the treaty establishing the European Stability Mechanism (“ESM”) dated 2 February 2012.
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ESM Treaty means the Treaty establishing the European Stability Mechanism done at Brussels on 2 February 2012 between the Euro Area Member States of the European Union as adapted in consequence of the accession of the Republic of Latvia to it on 13 March 2014 and as further adapted in consequence of the accession of the Republic of Lithuania to it on 3 February 2015, the text of which (including the Annexes) is, for ease of reference, set out in—
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ESM Treaty means the Treaty Establishing the European Stability Mechanism entered into between the euro area Member States.
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Examples of ESM Treaty in a sentence

  • Any term of this Financial Assistance Facility Agreement may be amended or waived only by an agreement in writing signed by ESM (following the receipt of all approvals required under the ESM Treaty to authorise such amendment), the Beneficiary Member State and each of the other Parties hereto.

  • Modifications of their operation, the entry into force of the ESM Treaty and their financial resources, as agreed upon by the Euro area Member States the 9th December 2011 (points 11-14), as well as adjustments to the ESM-Treaty regarding the involvement of the pri- vate sector and voting rules in case of an emergency (point 15) are outside the field of application of the Treaties and could not be implemented neither by secondary nor by primary legislation.

  • In accordance with the Early Warning System Procedure established pursuant to Article 13(6) of the ESM Treaty, this function starts with the first disbursement and continues until all financial assistance is fully repaid.

  • Depending on the precise scope of eligibility criteria and/or conditionality still to be defined, the Commission and the ESM will assume their respective roles in line with EU law and the ESM Treaty and guidelines.

  • Xxxxxxxx X-X, ‘Legitimacy Through Adjudication: The ESM Treaty and the Fiscal Compact Before the National Courts’ in Beukers T, xx Xxxxx B and Xxxxxxxxxx C (eds), Constitutional Change through Euro-Crisis Law (Cambridge University Press 2017).

  • It goes without aying that this new regime must develop a logic of its own: “[T]he ESM Treaty does not provide that stability support will be granted as soon as a Member State whose currency is the euro is experiencing difficulties in obtaining financing on the market.

  • The collaboration should preserve the Commission and ECB institutional roles and prerogatives based on primary Union law and related acts of secondary Union law in the area of fiscal and multilateral surveillance and supervision and the ESM’s role under the ESM Treaty.

  • As prevent other changes to the ESM Treaty, it required balancing between either current ESM legal framework otherwise the EU legal proof, in particular company framework and bank resolutions.

  • The Commission has relied here on Xxxxxxx, where the Court examined whether the ESM Treaty (concluded by the Member States whose currency is the euro) affected the power of the European Union to grant, on the basis of Article 122(2) TFEU, ad hoc financial assistance to a Member State in difficulties or seriously threatened with severe difficulties by natural disasters or exceptional occurrences beyond its control.


More Definitions of ESM Treaty

ESM Treaty means the treaty establishing the European Stability Mechanism ("ESM") dated 2 February 2012.
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ESM Treaty means the ESM Treaty Establishing the European Stability Mechanism between the Kingdom of Belgium, the Federal Republic of Germany, the Republic of Estonia, Ireland, the Hellenic Republic, the Kingdom of Spain, the French Republic, the Italian Republic, the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania, the Grand Duchy of Luxembourg, Malta, the Kingdom of the Netherlands, the Republic of Austria, the Portuguese Republic, the Republic of Slovenia, the Slovak Republic and the Republic of Finland signed in Brussels on 2 February 2012, as amended;
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ESM Treaty means the treaty establishing the European Stability Mechanism ("ESM") dated 2 February 2012. ["Exceptional Circumstances" means the entry into force of a Resolution Scheme, which provides for the application of a resolution tool to an entity, which has been established in the territories of the Lender, in order to avert the immediate default of this entity under resolution and where the application of such resolution tool requires the utilisation of this Facility for an amount of more than 50% of the Fixed Individual Amount.]2
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Related to ESM Treaty

  • EC Treaty means the Treaty on the Functioning of the European Union (signed in Rome on 25 March 1957), as amended by the Treaty on European Union (signed in Maastricht on 7 February 1992) and as amended by the Treaty of Amsterdam (signed in Amsterdam on 2 October 1997), as further amended from time to time;

  • Cape Town Treaty means, collectively, the official English language text of (a) the Convention on International Interests in Mobile Equipment, and (b) the Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment, in each case adopted on November 16, 2001, at a diplomatic conference in Cape Town, South Africa, and from and after the effective date of the Cape Town Treaty in the relevant country, means when referring to the Cape Town Treaty with respect to that country, the Cape Town Treaty as in effect in such country, unless otherwise indicated, and (c) all rules and regulations adopted pursuant thereto and, in the case of each of the foregoing described in clauses (a) through (c), all amendments, supplements, and revisions thereto.

  • Treaty means the Treaty establishing the European Community, as amended.

  • Patent Cooperation Treaty means the Patent Cooperation Treaty done at Washington on June 19, 1970;

  • UK Treaty State means a jurisdiction having a double taxation agreement (a “UK Treaty”) with the United Kingdom which makes provision for full exemption from tax imposed by the United Kingdom on interest.

  • tax treaty means an agreement for the avoidance of double taxation entered into between South Africa and another country;

  • UK Treaty Lender means a Lender which:

  • EU Bail-In Legislation Schedule means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time.

  • Specified Treaty means with respect to Party B

  • Treaty on European Union means the Treaty of Rome of March 25, 1957, as amended by the Single Xxxxxxxx Xxx 0000 and the Maastricht Treaty (which was signed at Maastricht on February 1, 1992 and came into force on November 1, 1993), as amended from time to time.

  • National Treatment NT shall not apply to any measure affecting the type of activities which may be conducted on land or the usage of land, including but not limited to, land zoning, land use and urban planning policies. Urban Redevelopment Authority Act, Chapter 340, 1985 Revised Edition

  • HMRC DT Treaty Passport scheme means the Board of H.M. Revenue and Customs Double Taxation Treaty Passport scheme.

  • international application means an application filed under this Treaty;

  • securities regulatory authority or “SRA” means a body created by statute in any Canadian or foreign jurisdiction to administer securities law, regulation and policy (e.g. securities commission), but does not include an exchange or other self regulatory entity;

  • Foreign Financial Regulatory Authority shall have the meaning given by Section 2(a)(50) of the 0000 Xxx.

  • Medical Treatment means examination and treatment by a Legally Qualified Physician for a condition which first manifested itself, worsened or became acute or had symptoms which would have prompted a reasonable person to seek diagnosis, care or treatment.

  • UK Listing Authority means the Financial Services Authority in its capacity as competent authority under the Financial Services and Markets Xxx 0000.

  • customs legislation means any legal or regulatory provisions applicable in the territories of the Parties, governing the import, export and transit of goods and their placing under any other customs regime or procedure, including measures of prohibition, restriction and control;

  • Legislation means bills, resolutions, motions, amendments,

  • National Treasury means the National Treasury established by section 5 of the Public Finance Management Act;

  • International Registry means the international registry established pursuant to the Cape Town Treaty.

  • National Commissioner means the National Commissioner of the South African Police Service, appointed by the President under section 207(1) of the Constitution of the Republic of South Africa, 1996;

  • Bribery Legislation means the Bribery Act 2010 and any subordinate legislation made under it from time to time together with any guidance or codes of practice issued by the government concerning the legislation;

  • European Commission means the European Commission or any successor entity that is responsible for granting Marketing Approvals authorizing the sale of pharmaceuticals in the European Union.

  • Council of governments means a decision-making body in each county composed of membership including the county governing body and the mayors of each municipality in the county.

  • UK Bail-in Legislation means Part I of the United Kingdom Banking Act 2009 and any other law or regulation applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (otherwise than through liquidation, administration or other insolvency proceedings).