Österreichische Volksbanken-Aktiengesellschaft ... - Volksbank AG

(4) No obligation. Neither the Issuer nor a Paying Agent nor the Warrant Agent shall be
obliged to register the respective Warrantholder or any other person as shareholder before
or after a conversion in whatsoever register, to register, to notify the issuer of an Underlying
or to take the responsibility that such is effected.
(5) Payments on a Business Day. If the due date for payment of any amount in respect of
the Warrants is not a Business Day, the Warrantholder shall have no right to payment
prior to the next Business Day in the relevant place and shall not be entitled to further interest
or other payment in respect of such delay.
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 at the respective
place of business are open for commercial operations (including foreign exchange
business and foreign currency deposit business) and, when 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.
(6) Deposition with a court. The Issuer may deposit with the competent court amounts not
claimed by Warrantholders within twelve months after the relevant due date, even if such
Warrantholders 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
Warrantholders against the Issuer shall cease.
(7) Default interest. When the Issuer does not perform a due payment under the Warrants
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 excluding
the date of complete payment. The base interest rate applicable on the last calendar
day of a mid-year shall be applicable for the next half year.
§ 13
(Taxation)
(1) No tax gross up. All payments in relation to the Warrants will be made free and clear of,
and without withholding or deduction for, any taxes, duties, assessments or governmental
charges of whatever nature imposed, levied, collected, withheld or assessed by the Republic
of Austria or any political subdivision or any authority of or in the Republic of
Austria that has power to tax, unless that withholding or deduction is already or shall in
the future be required by law. In such case, the Issuer will withhold or deduct the respective
taxation at source and pay the amounts deducted or withheld to the competent authorities.
The Issuer is not obliged to pay any additional amounts as a result of such deduction or
withholding to the Warrantholders.
(2) Tax information. Information regarding the tax treatment of the Warrantholders is contained
in the Base Prospectus of the EUR 3,000,000,000 Issuance Programme dated 11
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