(c)
it shall be subject to the conditions set out in a funding agreement concluded between each participating Member State and the EIB including, inter alia: tasks and obligations of the EIB including remuneration; minimum leverage to be achieved at clearly defined milestones within the eligibility period indicated in Article 65(2); conditions for the new debt finance; provisions relating to non-eligible activities and exclusion criteria; schedule of payments; penalties in the event of non-performance by financial intermediaries; selection of financial intermediaries; monitoring, reporting and auditing; visibility; the conditions for termination of the agreement. For the purposes of implementation of the instrument, the EIB will enter into contractual arrangements with selected financial intermediaries;
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Source: EUR-Lex (Cellar) · retrieved 2026-10-29 · Text as adopted (Official Journal); later amendments are not incorporated in this text.