# Commission Decision of 19 September 2012 on the State aid SA.31883 (2011/C) (ex N 516/10) which Austria implemented and is planning to implement for Österreichische Volksbanken AG (notified under document C(2012) 6307) (Only the German text is authentic) (Text with EEA relevance) (2013/298/EU), Division 2.5

Extent: E+W+S+N.I.

Conditions for an eventual drawing on the asset guarantee are either the partial or entire uncollectibility of the assets concerned or the formal insolvency of the debtor in addition to the necessity of the payout from the guarantee to prevent over-indebtedness of ÖVAG in accordance with insolvency law and subject to all other applicable conditions in the guarantee amendment agreement. Reference date for the evaluation of guaranteed claims in the pool according to Annex 1 to the guarantee agreement from 15 March 2013 as amended by the guarantee amendment agreement is 31 December 2015 . No further claims from the guarantee will be accepted after that date.

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Source: https://www.legislation.gov.uk/eudn/2013/298/annex/division/2/division/2.5 (the official version)
Page: https://openlegislation.uk/eu-decision-2013-298/annex/division-2/division-2.5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.