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
(2) make payments due to be made in the Base Currency in the Subject Currency,
disregarding any obligation to convert amounts into the Base Currency;
(3) in the case of Share Linked Notes, deliver the Shares in lieu of cash settlement;
or
(4) in the case of Share Linked Notes which reference a basket of Shares, elect to
satisfy in part its obligation to pay the amounts as may be due and payable
under the relevant Notes by making a partial payment(s) or partial deliveries, as
the case may be (the “Partial Distributions”). Any Partial Distribution made by
the Issuer to the Noteholders will be calculated and/or determined by the
Calculation Agent in its sole and absolute discretion and shall be paid and/or
delivered to the Noteholders pro rata (as far as possible, subject to any
necessary adjustments for rounding) to the proportion of the Notes of the same
series held by the relevant Noteholder. In the event that any Partial Distribution
is made by the Issuer, the Calculation Agent may, in its sole and absolute
discretion, make any such corresponding adjustment to any variable relevant to
the redemption or payment terms of the relevant Notes as it deems necessary
and shall notify the relevant Noteholders thereof in accordance with Condition
14.
Any payments or deliveries made in accordance with this Condition 5(i)(ii)(B) shall
satisfy and discharge in full (in the case of payments or deliveries made in accordance
with paragraphs (1) to (3)) and in part (in the case of Partial Distributions made in
accordance with paragraph (4)) the Issuer’s obligation to pay the Interest Amount,
Fixed Coupon Amount, Final Redemption Amount or other amount in respect of
which the Payment Disruption Event has arisen, and no further amounts shall be due
and payable by the Issuer in respect thereof.
(C)
Payments net of expenses
Notwithstanding any provisions to the contrary, (a) any payments made in accordance
with this Condition 5(i) shall be made after deduction of any costs, expenses or
liabilities incurred or to be incurred by the Calculation Agent or Issuer in connection
with or arising from the resolution of the relevant Payment Disruption Event(s) and (b)
no interest shall be paid by the Issuer in respect of any delay which may occur in the
payment of any amounts due and payable under the Notes as a result of the operation
of this Condition 5(i)(ii).
(D)
Payment Event Cut-Off Date
In the event that a Payment Disruption Event is still occurring on the Payment Event
Cut-Off Date, the Interest Payment Date, the Maturity Date, or any other date on
which redemption amounts in relation to any of the Notes shall be due and payable (as
the case may be) for the relevant Notes shall fall on the Payment Event Cut-Off Date.
In such circumstances, the Noteholder will not receive any amounts. Thereafter, the
Issuer shall have no obligations whatsoever under the Notes.
For the purposes of this Condition 5(i):
“Base Currency” has the meaning given to it in Annex 4 – Additional Terms and Conditions
for FX Linked Notes;
74