INDEX OF DEFINED TERMS - Banca di Legnano

Level: 2 – From: 2 – Wednesday, July 21, 2010 – 12:06 – eprint6 – 4247 Section 05
delivered to the holders of the Issuer’s Senior Indebtedness before any holders of its Subordinated Notes
are paid. In addition, if such amounts were previously paid to the holders of the Subordinated Notes, the
holders of its Senior Indebtedness shall have first rights to such amounts previously paid.
No modification or amendment of the subordination provisions of Subordinated Notes and any
related coupons in a manner adverse to the holders of Senior Indebtedness may be made without the
consent of the holders of all of the Issuer’s outstanding Senior Indebtedness.
4. Interest
Terms and Conditions of the Notes
(a)
Interest on Fixed-Rate Notes
Unless otherwise specified in the applicable Final Terms, each Fixed-Rate Note bears interest on its
outstanding nominal amount (or if it is a Partly Paid Note, on the amount paid-up) at the rate or rates per
annum specified in the applicable Final Terms from (and including) the Interest Commencement Date to
(but excluding) the Maturity Date. Interest will be payable in arrear on the date or dates in each year
specified in the applicable Final Terms (each, a “Fixed Interest Payment Date”) and on the Maturity Date
if it does not fall on a Fixed Interest Payment Date. The first interest payment will, subject to Condition 6
and Condition 10, be made on the first Fixed Interest Payment Date following the Interest Commencement
Date.
If any Fixed Interest Payment Date is not a Payment Business Day (as defined in Condition 5(e)),
then payment on a Fixed-Rate Note shall be paid as provided in Condition 5(e).
If a “Fixed Coupon Amount” is specified in the applicable Final Terms, the amount of interest
payable on each Fixed Interest Payment Date in respect of the Fixed Interest Period (as defined below)
ending on (but excluding) such date will be the Fixed Coupon Amount as specified irrespective of any
calculation based on the Rates of Interest (as defined in Condition 4(f)) and any applicable Fixed Day
Count Fraction (as defined below) (if any) and if the amount of interest payable on any Fixed Interest
Payment Date is specified as an amount other than the Fixed Coupon Amount, such amount will be a
“Broken Amount” specified in the applicable Final Terms.
As used in these Conditions, “Fixed Interest Period” means the period from, and including, the
most recent Fixed Interest Payment Date (or, if none, the Issue Date or, if different from the Issue Date,
the Interest Commencement Date) to, but excluding, the next (or first) Fixed Interest Payment Date, unless
otherwise specified in the applicable Final Terms.
Unless otherwise specified in the applicable Final Terms, if interest is required to be calculated for a
period other than a Fixed Interest Period, that interest shall be calculated by applying the Rate of Interest
specified in the applicable Final Terms to each Specified Denomination, multiplying that sum by the
applicable Fixed Day Count Fraction and rounding the resulting figure to the nearest Sub-unit (as defined
below) of the relevant Specified Currency, half of any such Sub-unit being rounded upwards or otherwise
in accordance with applicable market convention.
“Fixed Day Count Fraction” means, in respect of the calculation of an amount of interest in
accordance with this Condition 4(a):
(i)
if “Actual/Actual (ICMA)” is specified in the applicable Final Terms:
(A)
for Notes where the Accrual Period (as defined below) is equal to or shorter than the
Determination Period (as defined below) during which the Accrual Period ends, the
number of days in such Accrual Period divided by the product of (1) the number of
days in such Determination Period and (2) the number of determination dates
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