Article 2
1. Without prejudice to the provisions of Article 4: (a) Member States may grant aid only through annual payments to beneficiaries without conditions relating to its use; and (b) aid may be granted only to agricultural holdings, the definition of such holdings being established by the Member State concerned on the basis of objective criteria. 2. The amounts in ecu set in Article 2 (2) of Regulation (EC) No 1527/95 shall be converted into national currency with the agricultural conversion rate valid immediately preceding the first reduction in this rate covered by that Regulation.