Portfolio theory holds that in a market in equilibrium, market participants will be only for bearing the systematic risk inherent in the cash flows.

Any claim for shall be submitted on a claim form (the content and form of which shall be as determined and made public by the ECB from time to time) together with any relevant information and evidence required thereby.

According to this indemnification guarantee, ETVA would indemnify HDW/Ferrostaal for any aid recovered from HSY.

To determine the amount of aid to be recovered, without interest, the Commission considers that SNCM's cost accounting [135] provides an adequate basis for allocating between the basic service and the additional service.

The provisions of this contract do not apportion the between the different public services according to whether or not they are eligible for compensation under the provisions of the contract.

The distribution of compensation between the basic service and the additional service for SNCM is unlikely to undermine this conclusion with regard to the basic service in the light of the conditions for analytical distribution of between both services (see paragraph 46 above).

Payments and receipts resulting from between transmission system operators should be taken into account when setting national network tariffs.

The practical effect was certainly that the FPAP could continue paying for a longer period than if the FPAP had only been an intermediate body solely responsible for distributing the EUR 65 (or 77) million provided by the State under cover of the ‘diesel insurance’ mechanism.

These provisions are supplemented by another, more general one according to which the aid schemes should provide that no aid may be granted in respect of work begun or activities undertaken before an application for aid has been properly submitted to the competent authority concerned, the reason being that aid which is granted retrospectively in respect of activities which the beneficiary has already undertaken cannot be considered to include the necessary incentive element that must be contained by any aid in order to be declared compatible with the common market.

improve the arrangements for avoiding and repaying so as to ensure all results relevant for the calculation of the compensation are taken into account and that appropriate arrangements for repaying overcompensation are put in place;

improve the definition of the parameters for calculating controlling and reviewing the so as to ensure that all results are ascribed to services following the accepted methodology;

Claw-back mechanism to avoid : To ensure that the selected bidder is not over-compensated if demand for broadband in the target area grows beyond anticipated levels, EFTA States should include a reverse payment mechanism into the contract with the successful bidder [57].

It adds that the upward revision of the forecast revenue between the bid of December 2006 and that of March 2007, under the revenue safeguard clause (Article 7 of the service delegation contract), was designed to provide payment of further in addition to the operating subsidy.

In such circumstances, the airport operator may be by the public authorities for the additional costs deriving from the public service obligation.

aid for additional costs of employing disabled workers: EUR 10 million per undertaking per year.

Aid for the additional costs of employing disabled workers (Art. 42)

Aid for the additional costs of employing disabled workers shall be compatible with the common market within the meaning of Article 87(3) of the Treaty and shall be exempt from the notification requirement of Article 88(3) of the Treaty, provided the conditions laid down in paragraphs 2 and 3 of this Article are fulfilled.

Article 42 Aid for the additional costs of employing disabled workers

Aid for the additional costs of employing disabled workers

In the outermost regions, is the aid intended to the additional costs arising in the pursuit of economic activity from the factors identified in Article 299(2) of the EC Treaty?