undertaking in difficulty means an undertaking in respect of which at least one of the following circumstances occurs:
undertaking in difficulty means an undertaking in respect of which at least one of
undertaking in difficulty means an undertaking that fulfills the following conditions:
More Definitions of undertaking in difficulty
undertaking in difficulty means an undertaking that fulfils at least one of the following conditions:
undertaking in difficulty means an undertaking in respect of which at least one of the following circumstances occurs: In the case of a limited liability company (other than an SME that has been in existence for less than three years or, for the purposes of eligibility for risk finance aid, an SME within 7 years from its first commercial sale that qualifies for risk finance investments following due diligence by the selected financial intermediary), where more than half of its subscribed share capital has disappeared as a result of accumulated losses. This is the case when deduction of accumulated losses from reserves (and all other elements generally considered as part of the own funds of the company) leads to a negative cumulative amount that exceeds half of the subscribed share capital. For the purposes of this provision, "limited liability company" refers in particular to the types of company mentioned in Annex I of Directive 2013/34/EU34 and "share capital" includes, where relevant, any share premium. In the case of a company where at least some members have unlimited liability for the debt of the company (other than an SME that has been in existence for less than three years or, for the purposes of eligibility for risk finance aid, an SME within 7 years from its first commercial sale that qualifies for risk finance investments following due diligence by the selected financial intermediary), where more than half of its capital as shown in the company accounts has disappeared as a result of accumulated losses. For the purposes of this provision, "a company where at least some members have unlimited liability for the debt of the company" refers in particular to the types of company mentioned in Annex II of Directive 2013/34/EU. Where the undertaking is subject to collective insolvency proceedings or fulfils the criteria under its domestic law for being placed in collective insolvency proceedings at the request of its creditors.
undertaking in difficulty means an undertaking in difficulty within the meaning of the General Block Exemption Regulation, Agricultural Block Exemption Regulation or Fisheries Block Exemption Regulation10. 3. Additional Eligibility Criteria only for EGF Regime by analogy to Section3.1 TF
undertaking in difficulty means an undertaking in respect of which, one of the following circumstances had occurred:
undertaking in difficulty means an undertaking fulfilling the criteria laid down in Section 2.2 of the Commission Guidelines on State aid for rescuing and restructuring non-financial undertakings in difficulty;
undertaking in difficulty means, on the condition that the beneficiary is an SME, an undertaking fulfilling the following conditions:
undertaking in difficulty means an undertaking (see “economic actor” definition above) in respect of which at least one of the following circumstances occurs: