All Actions must cumulatively meet the following conditions:
I. They operate legally in Greece (having the necessary operating license).
II. They engage in any eligible business activity, as specified in the table of eligible Business Activity Codes (KAD).
III. They observe eligibility criteria and state aid accumulation limits depending on the State Aid Regulation applied.
IV. They meet the requirements of Chapter I (1) of the GBER and the corresponding conditions applicable depending on the purpose of the loan and the aid scheme.
V. They are deemed acceptable in terms of credit standing, in line with the Bank’s applicable credit policy and internal procedures.
VI. They have not received rescue or restructuring aid, or they have received rescue aid but have repaid the loan and terminated the guarantee agreement or they have received restructuring aid which has been completed.
VII. They are not considered Undertakings in Difficulty, (as per Article 1(4) and point 18 of Article 2 of Commission Regulation 651/2014 as in force from time to time), at the time the aid is granted (at single/given enterprise level).
VIII. They have not been subject to collective bankruptcy procedure and do not meet the criteria under Law 4738/2020, as applicable from time to time.
IX. They are solvent and any existing outstanding debts are not more than ninety (90) days past due as at the date of the application and consequently at the signing of the Agreement.
X. They are not subject to the exclusion criteria of Article 40 of Law 4488/17 (A 137/139/17), as amended.
XI. They have no outstanding social insurance or tax obligations, both at the time of submitting the Expression of Interest form via HDB's KYC, and at the loan disbursement phase. They also have no entries indicating insolvency in the records held by TEIRESIAS SA, both at the time of submitting the Expression of Interest form via HDB's KYC, and at the loan disbursement phase.
XII. There is no aid-funding claw-back order pending under a previous decision of the EU Committee or the European Court, by which the said funding has been declared illegal and incompatible.
XIII. If they have been included in any HDB (former ETEAN/TEMPME) financing programs that have expired or are still in effect, they should not have not shown adverse transaction behaviour as regards repayment of their dues (loan termination or debts that are 90 dpd or over), or if they have demonstrated adverse transaction behaviour (loan termination), they should have repaid their debts in full before submission of the financing request or, in the case of a guarantee program, the amount of the guarantee has not been paid by the HDB or if the said debt has been verified with the competent Tax Office, such debt has been included in a rescheduling program which continues to be in force on the date the financing request is submitted.
XIV. They are registered in the Beneficial Ownership Register of Article 20 Law 4557/2018 (A' 139), as in force, before submission of the financing request, except in the case of beneficiaries who are expressly exempted from the relevant obligation and provide relevant documentation.
XV. They have completed the self-assessment process for the ESG Criteria in the HDB's ESG Tracker, and they have submitted to the Bank at the stage of applying for funding either the ESG Tracker Performance Report, which reflects the company's performance regarding these criteria, or the proof of submission of the ESG Tracker self-assessment. In any case, the ESG Tracker Performance Report must be submitted at the time of signing the financing agreement.
