EUR 3000000000 debt issuance programme, 10 ... - Volksbank AG

(i) a description of such Equity Instruments;
(ii) a description of the market in which they are traded including its date of establishment,
how price information is published, an indication of daily trading volumes,
information as to the standing of the market in the country and the name of
the market’s regulatory authority; and
(iii) the frequency with which prices of the relevant securities are published; and
(c) where such Compartment Assets are designated as fund instruments, such as investment
fund units (the “Fund Instruments”), such Fund Instruments are admitted to trading on a
regulated or equivalent market, and the following information shall be provided in Part B
No. 7 of the Final Terms:
(i) a description of such Fund Instruments;
(ii) a description of the market in which they are traded including its date of establishment,
how price information is published, an indication of daily trading volumes,
information as to the standing of the market in the country and the name of
the market’s regulatory authority; and
(iii) the frequency with which prices of the relevant securities are published; and
(d) where such Compartment Assets are constituted by a derivative agreement (the “Derivative
Agreement”), the counterparty of the Issuer (the “Derivative Counterparty”) shall be
VBAG and a brief description of the principal terms of such Derivative Agreement shall
be given in Part B No. 7 of the Final Terms.
(2) Subject to sub-paragraph (1), (a) any liability of the Issuer to make payments under the Certificates
shall rank pari passu with its liability to make payments in respect of any Derivative Agreement
and any other agreement between the Issuer and any party which has agreed to limit its recourse to
the Issuer on terms substantially identical to the terms of this § 19 and (b) any liability of the Issuer
to make payments to any party or recipient entitled to such payments, other than as described under
(a), shall rank senior to any liability of the Issuer to make payments under the Certificates, any Derivative
Agreement or any such other agreement.
(3) If so specified in the Final Terms (Part B No. 7), the Issuer will reserve the right to substitute, at
any time during the term of the Certificates and in its reasonable discretion, one or several Compartment
Assets from time to time by substitute Compartment Assets, provided that the terms of
such substitute Compartment Assets shall, in all material respects, correspond to the terms of the
relevant original Compartment Assets.
§ 20
(Applicable Law. Place of Performance. Jurisdiction)
(1) These Conditions are governed exclusively by the laws of the Republic of Austria, excluding its
rules of international private law including however the Luxembourg law of 10th August 1915 in respect
of Commercial Companies (The application of Articles 86-97 of this law are expressly excluded)
and the Law of 22 March 2004 on Securitisation (as amended).
(2) The competent courts of Vienna, Austria, shall have non-exclusive jurisdiction to settle any dispute
arising from or connected with these Conditions (including a dispute regarding their existence, validity
or termination) or the consequences of their nullity.
§ 21
(Language)
If German is determined as the binding language in the Final Terms (item 31), the German text of the Conditions
and the Final Terms shall be binding for the respective issue of Certificates, and if English is determined as the
binding language, the English version shall be binding. If specified in the Final Terms (item 31), the version in
the other language is a translation which is provided for convenience only.
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