Chapter II, Section 1, Article 10, Point (a) · Decision (EU) 2022/1628

Contents

(a) establishing the obligation of the Member States to honour…
(b) ensuring that the guarantee calls are made pro rata, apply…
(c) providing that the guarantee calls ensure the Union’s abil…
(d) ensuring that the guarantee calls may be used to replenish…
(e) ensuring that a Member State that has failed to honour a c…
(f) regarding the payment conditions.

(a)establishing the obligation of the Member States to honour guarantee calls made by the Commission in respect of the covered MFAs, once the overall amounts of initial, or subsequently replenished, provisioning set aside in the common provisioning fund in respect of financial liability arising from the covered MFAs have been or are to be fully drawn down;