Questa RZb mi piace proprio
: non loss abs e deve pagare i coupon se RZB ha riserve distribuibili. Per cui RZB sarebbe obbligata a pagare anche se dovesse fare perdite, purchè ci siano riserve distribuibili.
E' un prospetto simile a Bawag e DPB
Support Agreement
2.1.1 Subject to the limitations contained in the following paragraphs of this Clause 2.1, RZB
irrevocably and unconditionally agrees if at any time the Company has insuffcient funds to
enable it to meet in full all of its obligations under or in respect of the Preferred Securities as and
when such obligations fall due, to make available to the Company funds suffcient to enable it to
meet such payment obligations. The Company shall use any amount made available to it by RZB
pursuant to this Support Agreement solely to fulfl its payment obligations under or in respect of
the Preferred Securities.
DESCRIPTION OF THE PREFERRED SECURITIES
Dividends on the Preferred Securities will be non-cumulative and will be deemed to accrue on a day by
day basis. Dividends on the Preferred Securities will be paid by the Company out of funds legally
available therefor; provided, however, that dividend payments (``Dividend Payments'') on the
Preferred Securities are only made on any Dividend Date to the extent that:
(aa) the Issuer has Distributable Funds for the Dividend Period ending on the respective Dividend
Date,
and/or
(bb) RZB has in accordance with section 24(2) No. 6 BWG an amount of Distributable Profits at least
equal to (a) the aggregate amount of Dividends payable on the respective Dividend Date and (b)
payments made during the period commencing on the date that Distributable Profits were
determined by the supervisory board of RZB immediately preceding such Dividend Date and
ending on the relevant Dividend Date, in respect of Dividends on the Preferred Securities and
dividends or other distributions or payments on Parity Securities, if any.
``Distributable Profits'' means, in respect of each fiscal year of RZB, the aggregate amount, as
calculated as of the end of the immediately preceding fiscal year in the individual Financial statements
of RZB, of accumulated retained earnings and any other reserves and surpluses capable under Austrian
law of being available for distribution as cash dividends to holders of Bank Share Capital, but before
deduction of the amount of any dividend or other distribution declared on Bank Share Capital in
respect of such prior fiscal year;
, 
