Österreichische Volksbanken-Aktiengesellschaft ... - Volksbank AG

(2) Payments on a Business Day. If the due date for payment of any amount in respect of
any Certificate is not a Business Day then the Certificate Holder shall not be entitled to
payment until the next such day in the relevant place and shall not be entitled to further
interest or other payment in respect of such deferral.
Business Day means a day which is a day (other than a Saturday or a Sunday) on which
(i) the Clearing System operates, (ii) the banks in Vienna, Luxembourg and on the relevant
business place are open for commercial operations (including foreign exchange
business and foreign currency deposit business) and, in the case the Specified Currency
(or one of the Specified Currencies) is Euro, (iii) all relevant parts of the Trans-European
Automated Real-Time Gross Settlement Express Transfer ("TARGET") System for the
settlement of payments are operating.
Where adjustments with regard to certain dates in these Conditions and/or the Final
Terms are required, the following definitions shall apply:
(a) In the case of application of the Following Business Day Convention the date is
postponed to the next day which is a Business Day.
(b) In the case of application of the Modified Following Business Day Convention the
date is postponed to the next day which is a Business Day unless it would thereby
fall into the next calendar month, in which event the payment date shall be the immediately
preceding Business Day.
(c) In the case of application of the Floating Rate Convention ("FRN Convention") the
date is postponed to the next day which is a Business Day unless it would thereby
fall into the next calendar month, in which event (i) the payment date shall be the
immediately preceding Business Day and (ii) each subsequent payment date shall
be the last Business Day in the month which falls into a specified period after the
preceding applicable payment date.
(d) In the case of application of the Preceding Business Day Convention the date shall
be brought forward to the immediately preceding Business Day.
(3) Deposition with a court. The Issuer may deposit with the competent court amounts not
claimed by Certificate Holders within twelve months after the relevant due date, even if
such Certificate Holders may not be in a default of acceptance of payment. If and to the
extent that the deposit is effected and the right of withdrawal is waived, the respective
claims of such Certificate Holders against the Issuer shall cease.
(4) Costs. All taxes, fees or other duties in connection with cash payments or the redemption
of the Certificates shall be borne by the Certificate Holders.
(5) Default interest. When the Issuer does not perform a due payment under the Certificates
because of whatsoever reason, the outstanding amount shall bear default interest of two
percentage points above the base interest rate from and including the due date to and ex-
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