Category Archives: I

in writing

means any expression consisting of words or figures which can be read, reproduced and subsequently communicated, including information transmitted and stored by electronic means

(art. 1 pct. 21 DECISION (EU) 2016/245 OF THE EUROPEAN CENTRAL BANK of 9 February 2016 laying down the rules on procurement (ECB/2016/2) (recast))

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invitation to tender

means the invitation sent to candidates or suppliers to submit a tender and specifying the procedure, the ECB’s requirements and the contractual terms and conditions

(art. 1 pct. 19 DECISION (EU) 2016/245 OF THE EUROPEAN CENTRAL BANK of 9 February 2016 laying down the rules on procurement (ECB/2016/2) (recast))

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innovation partnership

means a procedure in which any supplier may request to participate and where the ECB sets up a partnership with one or more candidates admitted to that procedure with the aim of developing and purchasing innovative products, services or works

(art. 1 pct. 7 DECISION (EU) 2016/245 OF THE EUROPEAN CENTRAL BANK of 9 February 2016 laying down the rules on procurement (ECB/2016/2) (recast))

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IMPROBABLE

means an occurrence of failure at a frequency less than or equal to 10– 7 per operating hour

(art. 1 COMMISSION IMPLEMENTING REGULATION (EU) 2015/1136 of 13 July 2015 amending Implementing Regulation (EU) No 402/2013 on the common safety method for risk evaluation and assessment)

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INSOLVENCY PRACTITIONER

means any person or body whose function, including on an interim basis, is to:

(i)

verify and admit claims submitted in insolvency proceedings;

(ii)

represent the collective interest of the creditors;

(iii)

administer, either in full or in part, assets of which the debtor has been divested;

(iv)

liquidate the assets referred to in point (iii); or

(v)

supervise the administration of the debtor’s affairs.

The persons and bodies referred to in the first subparagraph are listed in Annex B

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INSOLVENCY PROCEEDINGS

means the proceedings listed in Annex A

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