Amendments To The Cabinet Of Ministers Of 13 May 2014. Regulation No 241 Of The "provisions On The Mezzanine Capital Loans Business Competitiveness Of Operators"

Original Language Title: Grozījumi Ministru kabineta 2014.gada 13.maija noteikumos Nr.241 "Noteikumi par mezanīna aizdevumiem saimnieciskās darbības veicēju konkurētspējas uzlabošanai"

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Cabinet of Ministers Regulations No. 40 in 2015 (27 January. 5. § 50) amendments to the Cabinet of Ministers of 13 may 2014 rules no 241 "rules about mezzanine capital loans business competitiveness of operators ' Issued in accordance with the Cabinet of Ministers Act article 31 equipment, first paragraph, point 3 of the Cabinet to make the 2014 rules 13 may no 241" rules about mezzanine capital loans business competitiveness of operators "(Latvian journal, 2014, 94, 162. no) the following amendments: 1. Make paragraph 8 by the following 8. This provision: "the meaning of the related parties are agents of economic activity that: 8.1 meets European Commission 18 December 2013 Regulation (EU) no of 1407/2013 for the Treaty on the functioning of the European Union and article 107.108. application of the de minimis aid (Official Journal of the European Union, 2013 December 24, no. L 352) (hereinafter referred to as Commission Regulation No 1407/2013) article 2, paragraph 2 stated" one single company "definition. This definition is applicable if the support is provided within the framework of these rules in accordance with Commission Regulation (EC) No 1407/2013; 8.2. conform to Commission Regulation No 651/2014 article 3 of annex 1, paragraph 3 of the prescribed "related business" definition. This definition is applicable if the support within these regulations is provided in accordance with Commission Regulation No 651/2014. " 2. Express 12.2, 12.3, 12.4, 12.5 and 12.6. subparagraph by the following: "12.2. economic operator which, according to the State revenue service administered by the tax debtor (fees) in the database of the information available is a tax or fee; 12.3. analyst of economic activity for which a judgment has been rendered in insolvency proceedings, is the legal protection process, with the decision of the Court is an out-of-court redress process, has launched bankruptcy proceedings, suitable for rehabilitation or arrangement that economic activity has ended, or the economic operator meets the legal criteria to be required, at the request of creditors in insolvency proceedings; 12.4. the economic operator to which the loan application date (if the economic operator is a corporation) accrued loss because you have lost more than half of its subscribed capital. If that is the case, the accumulated losses minus from reserves (and all the other positions, which are reputed to be considered as part of the economic operator's equity), a negative result occurs that exceeds half of the subscribed capital; 12.5. the economic operator to which the loan application date (if at least one of the participants is unlimited responsibility for operating the operator's indebtedness) accumulated losses have lost more than half of the company's accounting records show capital; 12.6. the economic operator to which according to the last two years the financial reports the debt and equity balance sheet value has exceeded its 7.5 and interest coverage ratio, which is calculated after the EBITDA (earnings before interest, tax and amortisation), have been less than 1,0; ". 3. Supplement with 12.7. subparagraph by the following: ' 12.7. operating reviewer who has received rescue aid and rescue aid loan not received pay or guarantee is not withdrawn, or has received restructuring aid and is still subject to the restructuring plan. " 4. Make the following paragraph 21: ' 21. Long-term investment loan annual interest rate is equal to the credit institution or its subsidiaries long-term loans or financial loan annual interest rate if the credit institution or its subsidiaries long-term loans or financial loan annual interest rate is fixed. " 5. Supplement with 21.1 points as follows: "If the credit institution or its 21.1 subsidiaries long-term loans or financial loan annual interest rate is variable, the long-term investment loans in the total annual interest rate: 21.1 1. interest rate, which is equal to the credit institution or its subsidiaries long-term loans or capital lease attached to the annual percentage rate of charge; 21.1 2. money market interest rate, which interval change is equal to the credit institution or its subsidiary down the money market interest rate level. " 6. Make 30 points by the following: "30. Working capital loan annual interest rate is equal to the credit institution or its subsidiaries working capital loan annual interest rate if the credit institution or its subsidiaries working capital loan annual interest rate is fixed." 7. Supplement with 19.3 points as follows: "If the credit institution or its 31.1 subsidiaries working capital loan annual interest rate is variable, the total working capital loan annual interest rate: 31.1 1. interest rate, which is equal to the credit institution or its subsidiaries working capital loan annual interest rate attached; 31.1 2. money market interest rate, which interval change is equal to the credit institution or its subsidiary down the money market interest rate level. " 8. Make the following paragraph 32: "32. Working capital loan may be granted economic performers: 32.1. economic operator which, according to the State revenue service administered by the tax debtor (fees) in the database of the information available is a tax or fee; 32.2. the economic operator to which the judgment is rendered in insolvency proceedings, is the legal protection process, with the decision of the Court is an out-of-court redress process, has launched bankruptcy proceedings, suitable for rehabilitation or arrangement that economic activity has ended, or the economic operator meets the legal criteria to be required, at the request of creditors in insolvency proceedings; 32.3. the economic operator to which the loan application date (if the economic operator is a corporation) accrued loss because you have lost more than half of its subscribed capital. If that is the case, the accumulated losses minus from reserves (and all the other positions, which are reputed to be considered as part of the economic operator's equity), a negative result occurs that exceeds half of the subscribed capital; 32.4. the economic operator to which the loan application date (if at least one of the participants is unlimited responsibility for operating the operator's indebtedness) accumulated losses have lost more than half of the company's accounting records show capital; 32.5. the economic operator to which according to the last two years, the financial statements, debt and equity book value ratio is exceeded and 7.5 percent coverage ratio that is calculated by the EBITDA (earnings before interest, tax and amortisation), has been smaller than 1.0. " 9. Delete paragraph 39 and 39.1. 10. Make 40 as follows: "this provision within the 40 European Union structural funds shall be granted if the beneficiary has received or anticipates receiving funding for the same eligible costs from State, local, European Union or the European economic area and the Norwegian financial instruments financial instruments." 11. Express 26.8 points as follows: "43.2 Latvian guarantee agency information on the support provided in the framework of rules pursuant to Commission Regulation No 651/2014 article 9(1) and (4) to publish your website on the internet, as well as the availability of this information provides 10 years from the date on which this rule is assigned to the last." The Prime Minister is the Rapidity of economic Newsletters, Minister Dana Reizniec-oak

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