Prospectus UBI Banca Covered Bond Programme

Prospectus
"Representative of the Covered Bondholders" means BNY Corporate Trustee Services Limited, acting in its
capacity as representative of the Covered Bond holders pursuant to the Intercreditor Agreement, the Programme
Agreement, the Conditions and the Final Terms of each Series of Covered Bonds.
"Reserve Fund Account" means the Euro denominated account established in the name of the Guarantor with
the Luxembourg Account Bank with number 978301 (IBAN: LU12 3010 9783 01EU R001; SWIFT
CABILULL), or such other substitute account as may be opened in accordance with the Cash Allocation
Management and Payments Agreement.
"Reserve Fund Amount" means, on each Guarantor Payment Date, an amount, as calculated by the Calculation
Agent on or prior to each Calculation Date, equal to:
(i)
(ii)
interest accruing in respect of all outstanding Series of Covered Bonds during the immediately following
Calculation Period, plus
prior to the service of an Issuer Default Notice, the aggregate amount to be paid by the Guarantor on the
immediately following Guarantor Payment Date in respect of the items (a) to (c) of the Pre- Issuer Event
of Default Interest Priority of Payments.
"Residential Mortgage Loan" means, pursuant to article 2, sub-paragraph 1, of Decree 310, any residential
mortgage loan which has an LTV that does not exceed 80 per cent. and for which the hardening period with
respect to the perfection of the relevant mortgage has elapsed.
"Residential Mortgage Loan Agreement" means any residential mortgage loan agreement out of which
Receivables arise.
"Securities Act" means the U.S. Securities Act of 1933.
"Securitisation and Covered Bond Law" means Italian Law No. 130 of 30 April 1999.
"Seller" means any seller in its capacity as such pursuant to the relevant Master Loans Purchase Agreement.
"Series of Covered Bonds" means each series of Covered Bonds issued in the context of the Programme.
"Service Provider" means each Seller, in its capacity as service provider pursuant to the Master Servicing
Agreement.
"Service Provider's Termination Event" means any of the events set out under clause 11.1 (Casi di Revoca del
Mandato del Service Provider) which allows the Guarantor to terminate the Service Provider appointment,
pursuant to the Master Servicing Agreement.
"Sole Affected Party" means an Affected Party as defined in the relevant Swap Agreement which at the relevant
time is the only Affected Party under such Swap Agreement.
"Specific Criteria" means the criteria as described in Section named "Description of the Cover Pool" above.
"Specified Currency" means the currency as may be agreed from time to time by the Issuer, the relevant
Dealer(s), the Principal Paying Agent and the Representative of the Covered Bondholders (as set out in the
applicable Final Terms).
"Statutory Tests" means such tests provided for under article 3 of Decree 310 and namely: (i) the Nominal
Value Test, (ii) the Net Present Value Test and (iii) the Interest Coverage Test, as further described in the
Section named "Credit Structure" above.
"Subordinated Lender" means each Seller, in its capacity as subordinated lender pursuant to the relevant
Subordinated Loan Agreement.
"Subordinated Loan Agreement" means each subordinated loan agreement entered into between a
Subordinated Lender and the Guarantor.
"Substitute Master Servicer" means the successor to the Master Servicer which may be appointed by the
Guarantor, upon the occurrence of a Master Servicer Termination Event, pursuant to clause 10.4 (Sostituto del
Master Servicer) of the Master Servicing Agreement.
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