Wertpapierprospekt - FC Schalke 04

nationally recognised standing as being equivalent security.
This undertaking shall not apply with respect to any security interest existing on assets
at the time of the acquisition thereof by the Issuer, provided that such security interest
was not created in connection with or in contemplation of such acquisition and that the
amount secured by such security interest is not increased subsequently to the acquisition
of the relevant assets.
Any security which is to be provided pursuant to this subsection (2) may also be provided
to a person acting as trustee for the Noteholders.
Capital Markets Indebtednessmeans any obligation from bonds, notes, debentures
or similar debt instruments or from certificates of indebtedness (Schuldscheindarlehen)
or for guarantees or indemnities in respect thereof. Excluded therefrom are notes of the
Issuer, which are secured and outstanding on 11 June 2012 as well as notes, which are
secured by the assignment of claims under equipment contracts.
§3
Interests
(1) The Notes shall bear interest on their principal amount at the rate of 6.75 per cent per
annum from and including 11 June 2012 (the Interest Commencement Date) to but
excluding the date of redemption. Interest shall be payable in arrears on 11 July in each
year (each such date, an Interest Payment Date). The first interest payment will be
made on 11 July 2013 in the amount of EUR 73.05.
(2) If the Issuer fails to redeem the Notes when due, interest shall continue to accrue beyond
the due date (including) to but excluding the date of the actual redemption of the
Notes at the default rate of interest established by law 1 .
(3) Where interest is to be calculated in respect of a period which is shorter than an interest
period, the interest will be calculated on the basis of the actual number of days elapsed
in the relevant period divided by the actual number of days in the interest period (365
days and 366 days, respectively, in the case of a leap year) (method act./act. after European
interest determination rules).
§ 4
(Redemption at Maturity)
Unless previously redeemed in whole or in part or purchased and cancelled, the Notes shall be
1
The default rate of interest established by law is currently five percentage points above the base rate of interest (Basiszinssatz)
published by Deutsche Bundesbank from time to time, §§ 288 para. 1, 247 German Civil Code (Bürgerliches
Gesetzbuch).