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
Issuer, shall give prompt notice to the holders of the Notes if such determination is made. The amount of
U.S. Dollars to be paid in connection with any payment shall be the amount of U.S. Dollars that could be
purchased by the Agent with the amount of the relevant currency payable on the date the payment is due,
at the rate for sale in financial transactions of U.S. Dollars (for delivery in the Principal Financial Center
of the Specified Currency two Business Days later) quoted by that bank at 10:00 a.m. local time in the
Principal Financial Center of the relevant currency, on the second Business Day prior to the date the
payment is due.
(h)
Rounding
For the purposes of any calculations required pursuant to these Conditions (unless otherwise
specified elsewhere in these Conditions or in the relevant Final Terms), (x) all percentages resulting from
such calculations shall be rounded, if necessary, to the nearest one hundred-thousandth of a percentage
point (with halves being rounded up), (y) all figures shall be rounded to seven significant figures (with
halves being rounded up) and (z) all currency amounts that fall due and payable shall be rounded to the
nearest sub-unit of such currency (with halves being rounded up), except in the case of Japanese yen,
which shall be rounded down to the nearest Japanese yen.
(i)
Payment Disruption
(i)
Occurrence of a Payment Disruption Event
If the applicable Final Terms specifies “Payment Disruption Event” to be applicable, then, in
the event that the Calculation Agent, at any time and from time to time, determines in its sole
discretion that a Payment Disruption Event has occurred or is likely to occur, then the
Calculation Agent shall as soon as practicable notify the Noteholders of the relevant Notes of
the occurrence of a Payment Disruption Event in accordance with Condition 14.
(ii)
Consequences of a Payment Disruption Event
Upon the occurrence of a Payment Disruption Event:
(A)
Obligation to pay postponed
The Issuer’s obligation to pay the Interest Amount, Fixed Coupon Amount, Final Redemption
Amount or any such other amounts in respect of the relevant Notes shall, subject to Condition 5(i)(ii)(D),
be postponed until five Business Days (or such other date as may be determined by the Calculation Agent
and notified to the Noteholders in accordance with Condition 14) after the date on which the Payment
Disruption Event is no longer operating. Noteholders shall not be entitled to further interest or other
payment in respect of such postponement.
(B)
Issuer’s option to very settlement
Notwithstanding the Issuer’s right to postpone payment in accordance with Condition
5(i)(ii)(A), the Issuer may, if practicable (and to the extent lawful), and at the Issuer’s
sole and absolute discretion:
(1) make payments due to be made in the Subject Currency in the Base Currency,
converted from the Subject Currency into the Base Currency at a rate
reasonably selected by the Calculation Agent;
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