# Council Decision of 20 December 2000 on a multiannual programme for enterprise and entrepreneurship, and in particular for small and medium-sized enterprises (SMEs) (2001-2005) (2000/819/EC), Division E: EIF's capped maximum cumulative losses

Extent: E+W+S+N.I.

The EIF's obligation to pay its share of financing losses to the intermediary will continue until the cumulative amount of payments made to cover losses from a specific financing portfolio, reduced where appropriate by the cumulative amount of corresponding loss recoveries, together with other revenue, reaches a pre-agreed amount, after which the EIF's guarantee is automatically cancelled.

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Source: https://www.legislation.gov.uk/eudn/2000/819/annex/II/division/II/division/E (the official version)
Page: https://openlegislation.uk/eu-decision-2000-819/annex-II/division-II/division-E
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.