art_15__para_2

2. Where the Commission considers that the request for loan support fulfils the criteria of paragraph 1, and upon adoption of the Council implementing decision referred to in Article 20(1), the Commission shall enter into a loan agreement with the Member State concerned. The loan agreement, in addition to the elements laid down in Article 220(5) of the Financial Regulation, shall contain the following elements: the amount of the loan in euro including, where applicable, the amount of the pre-financed loan in accordance with Article 13; the average maturity; Article 220(2) of the Financial Regulation shall not apply with regard to this maturity; the pricing formula and the availability period of the loan; the maximum number of instalments and the repayment schedule; the other elements needed for the implementation of the loan in relation to the reforms and the investment projects concerned in line with the decision referred to in Article 20(3).

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Source: EUR-Lex (Cellar) · retrieved 2026-10-28 · Text as adopted (Official Journal); later amendments are not incorporated in this text.