Common use of EXPLANATORY MEMORANDUM Clause in Contracts

EXPLANATORY MEMORANDUM. The Interinstitutional Agreement of 17 May 20061 allows for the mobilisation of the European Globalisation Adjustment Fund through a flexibility mechanism, within the annual ceiling of EUR 500 million over and above the relevant headings of the financial framework. Eligibility rules applicable to the contributions from the Fund are laid down in Regulation (EC) No 1927/20062 of the European Parliament and the Council. The Commission services have carried out a thorough examination of the applications submitted by Malta and Portugal in accordance with Regulation (EC) 1927/2006 and in particular with Articles 2, 3, 4, 5 and 6 thereof. The most important elements of the assessments can be summarised as follows:

EXPLANATORY MEMORANDUM. The Interinstitutional Agreement of 17 May 20061 allows for the mobilisation of the European Globalisation Adjustment Fund (EGF) through a flexibility mechanism, within the annual ceiling of EUR 500 million over and above the relevant headings of the financial framework. Eligibility rules applicable to the contributions from the Fund are laid down in Regulation (EC) No 1927/20062 of the European Parliament and the Council. The Commission services have carried out a thorough examination of the two applications submitted by Malta and Portugal France in accordance with Regulation (EC) 1927/2006 and in particular with Articles 2, 3, 4, 5 and 6 thereof. The most important elements of the assessments can be summarised as follows:

EXPLANATORY MEMORANDUM. The Interinstitutional Agreement of 17 May 20061 allows for the mobilisation of the European Globalisation Adjustment Fund through a flexibility mechanism, within the annual ceiling of EUR 500 million over and above the relevant headings of the financial framework. Eligibility rules applicable to the contributions from the Fund are laid down in Regulation (EC) No 1927/20062 of the European Parliament and the Council. The Commission services have carried out a thorough examination of the applications submitted by Malta Spain and Portugal Lithuania in accordance with Regulation (EC) 1927/2006 and in particular with Articles 2, 3, 4, 5 and 6 thereof. The most important elements of the assessments can be summarised as follows: