94/261/ECSC: Commission Decision of 12 April 1994… Article 3
94/261/ECSC: Commission Decision of 12 April 1994… Article 3
Article 3
The approval of aid as outlined in Article 1 is in addition subject to the following conditions:
(a) the level of net financial charges of the new company at the outset will be set at least at 3,5 % of annual turnover;
(b) the company or its legal successor will not claim or be granted tax reduction or relief on the basis of past losses which are covered by aid under the terms of this Decision;
(c) the beneficiary company shall carry out all the restructuring measures laid down in the restructuring plan as it has been submitted to the Commission, in accordance with the timetable contained therein.
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04
CitationArticle 3 of 94/261/ECSC: Commission Decision of 12 April 1994… (LawPlayer, data as of 2026-07-04)
