# Commission Decision of 20 September 2011 on State aid granted by Germany to HSH Nordbank AG SA.29338 (C 29/09 (ex N 264/09)) (notified under document C(2011) 6483) (Only the German text is authentic) (Text with EEA relevance) (2012/477/EU), Division 4.11

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

[New business in the ship financing business area] The following activities constitute new business over a specific period: (a) payments made in that period pursuant to newly concluded contracts; (b) undertakings to make future payments on the basis of contracts newly concluded during that period; renewals of commitments already entered into in the past, and payments made on account of the expiry of conditions or capital tie-ups, are regarded as extensions.

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Source: https://www.legislation.gov.uk/eudn/2012/477/annex/I/division/4.11 (the official version)
Page: https://openlegislation.uk/eu-decision-2012-477/annex-I/division-4.11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.