Translation of "Bürgschaft übernehmen" in English

Since the State decided that HSY had to be sold, and since the grant of the guarantee was indispensable to sell HSY, it can be concluded that the State put ETVA in a situation where it was forced to issue the guarantee.

As regards the costs incurred in case of sale of HSY, ETVA had to issue the guarantee currently analysed, which was unlimited in size and therefore entailed potential payments of tens or even hundreds of millions of Euro.

Each Contracting Party may authorise associations to issue TIR Carnets, either directly or through corresponding associations, and to act as guarantors, as long as the minimum conditions and requirements, as laid down in Annex 9, Part I, are complied with.

In addition, in line with the EIB’s external mandate which took effect from 1 February 2007, the Fund should also cover defaults under loan guarantees issued by the EIB for which the Communities provide a guarantee.

As indicated above, even if it were concluded that, at the time when ETVA was still under State ownership, ETVA did not contractually commit to issue the guarantee, the Commission considers that by deciding to privatise HSY in January 2001 — at a time when ETVA was still under State ownership — the State put ETVA in a situation where it was forced to issue such a guarantee since the latter was indispensable to find a purchaser for HSY.

The extension decision underlines that in the Agreement for the sale of the share of HSY (hereinafter ‘HSY SPA’) concluded between ETVA and HDW/Ferrostaal on 11 October 2001, ETVA, which was at that moment still under the control of the State, already promised to provide this guarantee to HDW/Ferrostaal.

With this measure, a guarantee would be given by the Thüringer Aufbaubank for loans for the acquisition by the newly created Frenzel Kyffhäuser Tiefkühlkost GmbH of the fixed assets of a manufacturing plant in Ringleben.

Notwithstanding the overall guarantee referred to in paragraphs 1 and 2 above, the Member States may, with regard to financial commitments under Article 59 of the Convention, act as guarantor for the Bank, in specific cases and at the latter's request, in respect of a percentage greater than 75Ï and up to 100Ï of the credits opened by the Bank under the corresponding loan contracts.

With privatisation and the less­ened willingness of governments to provide member state guarantees within the Community, the proportion of outstanding loans guaranteed by private companies and financial institutions has been rising.

The Flemish Region 's guarantee can be granted in exceptional circumstances provided thatthe conditions stipulatedby the Commission in this respect are complied with,namely payment for the guarantee and use of it only after all other means ofrecovery from the recipient and the other guarantors have been exhausted.

The finance to construct such a tunnel can be supplied privately, but I should like to ask the Council whether it is willing, as has been stated in the press, to support the guarantee.

This rescue plan, of which the Federal Government was prepared to guarantee 26.5 billion euros with the German federal banks putting up 8 billion euros, fell apart.

From the perspective of employers in Hungary it is very important that if the obligation regarding wage-related enforcement is violated, the employer shall have joint and several liability towards the party requesting the enforcement, up to the amount that is not deducted.

If there are several receivables under the same point, the order can be established based on which claim was received earlier by the employer. From the perspective of employers in Hungary it is very important that if the obligation regarding wage-related enforcement is violated, the employer shall have joint and several liability towards the party requesting the enforcement, up to the amount that is not deducted.

But what is being suggested, namely that the officials of one Member State of the European Union are corrupt, then names also have to be named.

The task now is to continue and to expand these measures, which are aimed : at increasing the supply of funds lent to help finance SMEs' investment; at providing access to credit for firms whose financial standing is too low to provide the necessary security (development of mutual guarantee schemes); at increasing the equity capital of SMEs (promotion of European venture capital activity) or at providing them with the financial and other services they need in order to grow.

This is an independent financial institution under international law whose object is to provide long­term guarantees to support the raising of capital for the trans­European transport, telecommunications and en­ergy networks and by small and medium­sized businesses.

If a particular EU member has problems with a particular country, one of the things we would encourage is some sort of bilateral cooperation agreement between those two countries which might cover things like exchange of information and working together.