Tekes definition

Tekes has the meaning set out in Section ‎5.1(b).
Sample 1
Tekes in the Loan Agreement is hereby deleted in its entirety.
Sample 1
Tekes means the National Technology Agency of Finland.
Sample 1

Examples of Tekes in a sentence

  • Money market funds in the U.S. must be rated AAA by Moody’s or AAA by Standard and Poor’s.Non-current financial liabilities consist of non-convertible capital loans from Tekes, long-term R&D loans from Tekes and a convertible capital loan which are carried at cost.

  • As on December 31, 2015, the Company had EUR 2,690 thousand of R&D loans granted by Tekes.

  • The Finnish Funding Agency for Technology and Innovation (Tekes) has granted a total of 18 non-convertible capital loans to the company, comprising an aggregate amount of EUR 19,663 thousand.

  • The Company’s interest rate risk arises from borrowings from Tekes and private investors.

  • As on December 31, 2015, non-convertible capital loans granted by Tekes comprised a total of 14 non-convertible capital loans, comprising an aggregate amount of EUR 16,318 thousand following the forgiveness of two loans (carrying value EUR 1,088 thousand) in 2013.

  • The Company’s loans from Tekes are mainly tied to the base rate defined by the Finnish Ministry of Finance, which is reset rarely, with a floor at 3% for the non-convertible capital loans and 1% for the research and development loans.

  • The Company has determined that it would not be reasonable to present fair values for the loans, as the Group only has access to Tekes loans and a convertible loan, i.e. similar government grant loans the Company already has with largely identical terms to the current loans.10.Financial Risk Management and Financial Instruments The operations of the Company expose it to financial risks.

  • Accrued accumulated interest 10,096 9,438Deferred rent 143 140Financial lease 63 93Total 10,302 9,671Accumulated accrued interest comprises accrued interest from Tekes loans and convertible capital loan.Interest on the Tekes loans and convertible capita loan shall not be paid until there are sufficient cumulative distributable funds in the consolidated financial statements for the most recently ended fiscal year.

  • For loans from a government agency (such as Finnish Funding Agency for Technology and Innovation, Tekes) issued at below market rates and withdrawn post IAS 20 amendment (effective January 1, 2009), the Company separately accounts for the grant and liability components and records the benefit of the below market rate loan as grant income.

  • In 2011 Tekes forgave two of the capital loans with interests and in 2013 also two capital loans with interest and the company has now a total of 14 non-convertible capital loans, comprising an aggregate amount of EUR 16,318 thousand.The repayment of capital loans and accrued interest is governed by a restrictive condition, according to which the capital must only be returned if the restricted equity of the parent company and the group for the last financial period is fully covered.


More Definitions of Tekes

Tekes means the National Technology Agency of Finland (TEKES), Valtiokonttori and each successor and assignee of either of them in connection with Indebtedness owed by Borrower to either entity or in connection with Contingent Obligations of Borrower with respect to Indebtedness owed to either entity.
Sample 1

Related to Tekes

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  • Plagiarism means to take and present as one's own a material portion of the ideas or words of another or to present as one's own an idea or work derived from an existing source without full and proper credit to the source of the ideas, words, or works. Plagiarism includes, but is not limited to:

  • SAMHSA means the Substance Abuse and Mental Health Services Administration.

  • Environmental and Social Management Plan or “ESMP” means a site-specific environmental and social management plan to be prepared in accordance with the parameters laid down in the ESMF and acceptable to the Association, setting forth a set of mitigation, monitoring, and institutional measures to be taken during the implementation and operation of the Project activities to eliminate adverse environmental and social impacts, offset them, or reduce them to acceptable levels, and including the actions needed to implement these measures.

  • Dell means Dell Inc., a Delaware corporation.