1. Introductory Text

  2. Article 1.The following aid, which Ireland has implemented in favour of...

  3. Article 2.Ireland shall inform the Commission, within two months of notification...

  4. Article 3.This Decision is addressed to Ireland.

  5. Signature

    1. ANNEX I

      1. COMMITMENTS UNDERTAKEN BY IRELAND State aid case C 11/10 — restructuring of Anglo Irish...

        1. (1) Duration of the commitments. Unless otherwise specified, all commitments taken...

        2. (2) Management of existing assets. The merged entity will manage existing...

        3. (3) Ban on acquisitions. Other than with the prior consent of...

        4. (4) Ban on coupons and exercising calls on subordinated debt and...

        5. (5) Cap on new lending. Consistent with the objective to work...

        6. (6) Specific lending commitments on the mortgage book. The following specific...

        7. (7) On an exceptional basis and in the national interest, the...

        8. (8) Transfer of legacy Anglo and INBS deposits. Following the transfer...

        9. (9) Caps on deposits and excluded liabilities. The merged entity will...

        10. (10) Monitoring Trustee. The merged entity will appoint a Monitoring Trustee,...

        11. (11) Enforcement and Reporting. The Irish authorities will ensure that the...

    2. ANNEX II

      APPOINTMENT AND DUTIES OF THE MONITORING TRUSTEE

      1. Anglo Irish Bank and INBS are commonly referred to ‘the...

      2. I. The Monitoring Trustee

        1. 1. The Irish authorities commit that the merged entity will appoint...

        2. 2. The Monitoring Trustee shall be one or several natural or...

        3. 3. The Monitoring Trustee must be independent of the merged entity...

      3. II. Appointment of the Monitoring Trustee

        1. Proposal by the Irish authorities

        2. Approval or rejection by the Commission

        3. New proposal by the Irish authorities

          1. 4. If all the proposed Monitoring Trustees are rejected, the Irish...

        4. Monitoring Trustee nominated by the Commission

          1. 5. If all further proposed Monitoring Trustees are also rejected by...

      4. III. The duties of the Monitoring Trustee

        1. 6. It shall be the duty of the Monitoring Trustee to...

        2. Duties and obligations of the Monitoring Trustee

          1. 7. The Monitoring Trustee shall: