Prospectus UBI Banca Covered Bond Programme

Prospectus
"D 1 " is the first calendar day, expressed as a number, of the Calculation Period,
unless such number would be 31, in which case D 1 will be 30; and
"D 2 " is the calendar day, expressed as a number, immediately following the last
day included in the Calculation Period, unless such number would be 31, in
which case D 2 will be 30; and
(vii)
if "30E/360 (ISDA)" is so specified, the number of days in the Calculation Period divided by
360, calculated on a formula basis as follows:
Day Count Fraction = [ 360×
( Y2 − Y1
) + [ 30×
( M
2
− M1) + ( D2
− D1
)]
360
where:
"Y 1 " is the year, expressed as a number, in which the first day of the Calculation
Period falls;
"Y 2 " is the year, expressed as a number, in which the day immediately following
the last day included in the Calculation Period falls;
"M 1 " is the calendar month, expressed as a number, in which the first day of the
Calculation Period falls;
"M 2 " is the calendar month, expressed as a number, in which the day immediately
following the last day included in the Calculation Period falls;
"D 1 " is the first calendar day, expressed as a number, of the Calculation Period,
unless (i) that day is the last day of February or (ii) such number would be
31, in which case D 1 will be 30; and
"D 2 " is the calendar day, expressed as a number, immediately following the last
day included in the Calculation Period, unless (i) that day is the last day of
February but not the Maturity Date or (ii) such number would be 31, in which
case D 2 will be 30,
provided, however, that in each such case the number of days in the Calculation Period is calculated from
and including the first day of the Calculation Period to but excluding the last day of the Calculation
Period;
"Decree 239" means Italian Legislative Decree number 239 of 1 April 1996, as amended and
supplemented from time to time;
"Deed of Charge" means the English law deed of charge entered into between the Guarantor and the
Representative of the Covered Bondholders (acting on behalf of the Covered Bondholders and the Other
Creditors) on or about the Issue Date of the first Series of Covered Bonds in respect of which a Liability
Swap Agreement is entered into by the Guarantor with a non-Italian entity;
"Deed of Pledge" means the Italian law deed of pledge entered into on 30 July 2008 between the
Guarantor and the Representative of the Covered Bondholders (acting on behalf of the Covered
Bondholders and the Other Creditors);
"Deeds of Pledge" means, collectively, the Deed of Pledge, the Issuer Deed of Pledge and the
Luxembourg Deed of Pledge;
"Early Redemption Amount (Tax) " means, in respect of any Series of Covered Bonds, the principal
amount of such Series or such other amount as may be specified in, or determined in accordance with,
the relevant Final Terms;
"Early Termination Amount" means, in respect of any Series of Covered Bonds, the principal amount
of such Series or such other amount as may be specified in, or determined in accordance with, these
Conditions or the relevant Final Terms;
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