With a view to enabling the aforementioned legal entity to cover its operating expenses, the loans from Postbank and from AEGON will be granted at an interest rate of 4%. Friesch-Groningsche Hypotheekbank is also to provide guarantees in respect of any operating deficits and losses on the principal. As compensation for the difference between the interest rate at which the loans are to be granted and the prevailing market interest rates, Postbank and AEGON will be reimbursed in respect of loss of interest which will be taken into account in the calculation of the conversion price. In the event that the compensation for loss of interest and the payment due in respect of risks and management cannot be reflected (or cannot be fully reflected) in the conversion price, rights to earnings of FGH made available for distribution will be granted to Postbank and AEGON in respect of the unpaid amount. 49

Rabobank Bronnenarchief

Annual Reports FGH Bank | 1985 | | pagina 51