PF Finans / Clarinova

items; and

(e) any counter indemnity obligation in respect of a guarantee, Indemnity, bond, standby or documentary letter of credit or any other instrument issued by a bank or financial institution;

"Holder” a person registered on a Euroclear Account as holder or otherwise is entitled to receive payment in respect of a Bond;

”lnterest Payment Dates" 1st of March and 1st of September each year and the Maturity Date (if that day is not a Banking Day, payment of interest will occur on the next following Banking Day, but as calculated on the lnterest Payment Date, unless it would thereby fall into the next calendar month, in which event interest shall be payable on the immediately preceding Banking Day);

“Interest Rate”: seven and a half (7,5) per cent per annum; payed semiannually, 3,75% the 1st of March and 3,75% 1st of September each year with beginning the 1st of March 2012.

"lssuing Agent" means the bank or an issuing agent that the Company from time to time appoints to manage certain tasks in accordance with the Rules,rules according to the Swedish Financial lnstruments Accounts Act (SFS 1998:1479), which initially shall be Aktieinvest FK AB, 113 89 Stockholm, Sweden, reg. no. 556072-2596;

'Market Loan" any loan or other indebtedness raised by the issuance of commercial paper, subordinated debentures, bonds or other securities of whatever kind (including debt raised under MTN- or other debt issuance programmes), which are or may be quoted, listed or ordinarily dealt in or traded on any Swedish or foreign stock exchange, over-the-counter or other regulated or unregulated securities market;

"Maturity Date" means 1st of March 2021;

'Nominal Amount" has the meaning set forth in Clause 2.1;

"Portfolio of SLS" The bond is secured by a portfolio of SLS

"Record Date" has the meaning set forth in Clause 5.1;

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