INDEX OF DEFINED TERMS - Banca di Legnano

Level: 2 – From: 2 – Wednesday, July 21, 2010 – 12:06 – eprint6 – 4247 Section 05
Terms and Conditions of the Notes
extension or shortening of the Interest Period in accordance with the provisions hereof. Each
stock exchange on which such Notes are listed will be notified promptly of any amendment
in accordance with Condition 14. For purposes of this sub-paragraph (v), the expression
“London Business Day” means a day (other than a Saturday or a Sunday) on which
commercial banks and foreign exchange markets settle payments in London.
(vi)
Certificates to Be Final
All certificates, communications, opinions, determinations, calculations, quotations, and
decisions given, expressed, made, or obtained for the purposes of the provisions of this
Condition 4(b), by the Calculation Agent shall (in the absence of willful default, bad faith, or
manifest error) be binding on the Issuer, the Calculation Agent, the other Paying Agents, and
all Noteholders, Receiptholders, and Couponholders and (in the absence of the aforesaid) the
Calculation Agent shall not be liable to the Issuer, the Noteholders, the Receiptholders, or the
Couponholders in connection with the exercise by it of its powers, duties, and discretions
pursuant to such provisions.
(c)
Zero Coupon Notes
If a Zero Coupon Note becomes due and repayable prior to the Maturity Date and is not paid when
due, the amount due and repayable shall be the Amortized Face Amount (as defined in Condition 6(f)) of
such Note as determined in accordance with Condition 6(f)(iii). From the Maturity Date, any overdue
principal of such Note shall bear interest at a rate per annum equal to the accrual yield, if any, in respect of
such Notes (the “Accrual Yield”) (expressed as a percentage per annum) set forth in the applicable Final
Terms.
(d)
Partly Paid Notes
For Partly Paid Notes (other than Partly Paid Notes which are Zero Coupon Notes and Partly Paid
Notes that do not bear interest), interest will accrue on the paid-up principal amount of such Notes, and
otherwise as specified in the applicable Final Terms.
(e)
Accrual of Interest
Each Note (or in the case of the redemption of only part of a Note, only that part of such Note) will
cease to bear interest, if any, from the date for its redemption unless, upon due presentation, payment of
principal is improperly withheld or refused. In such event, interest will continue to accrue, before or after
judgment, until the earlier of:
(i)
(ii)
the date on which all amounts due in respect of such Note have been paid; or
five calendar days after the date on which the Principal Agent has received the full amount of
the monies payable and notice to that effect has been given in accordance with Condition 14
or individually.
(f)
Rate of Interest
As used in these Conditions, “Rate of Interest” means the rate, or each rate, of interest in respect
of each interest bearing Note determined in accordance with the applicable provisions of this Condition 4
or as specified in the applicable Final Terms.
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