1. Within the resolution scheme, when applying the resolution tools to entities referred to in Article 2, the Board may use the Fund only to the extent necessary to ensure the effective application of the resolution tools for the following purposes:
(a) to guarantee the assets or the liabilities of the institution under resolution, its subsidiaries, a bridge institution or an asset management vehicle;
(b) to make loans to the institution under resolution, its subsidiaries, a bridge institution or an asset management vehicle;
(c) to purchase assets of the institution under resolution;
(d) to make contributions to a bridge institution and an asset management vehicle;
(e) to pay compensation to shareholders or creditors if, following an evaluation pursuant to Article 20(5) they have incurred greater losses that they would have incurred, following a valuation pursuant to Article 20(16), in a winding up under normal insolvency proceedings;
(f) to make a contribution to the institution under
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