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
(i)
(ii)
on the occasion of the next payment due under the Notes, the Issuer has or will become
obligated to pay Additional Amounts as discussed in Condition 8 as a result of any change in,
or amendment to, the laws or regulations of the United States or any political subdivision or
any authority thereof or therein having power to tax, or any change in the application or
official interpretation of such laws or regulations, which change or amendment becomes
effective on or after the Issue Date of the first Tranche of the Notes; and
the Issuer cannot avoid such obligation by taking reasonable measures available to it,
provided that no such redemption notice shall be given earlier than 90 calendar days prior to
the earliest date on which the Issuer would be obligated to pay such Additional Amounts if a
payment in respect of the Notes were then due.
Prior to the publication of any redemption notice pursuant to this Condition 6(b), the Issuer shall
deliver a certificate to the Principal Agent signed by an Authorized Officer of the Issuer stating that the
Issuer is entitled to effect such redemption and setting forth a statement of facts showing that the
conditions precedent, if any, to the redemption have occurred. For the purposes of this paragraph,
“Authorized Officer” means, with respect to the Issuer, the Chief Executive Officer, the Chief Financial
Officer, the Treasurer, any Senior Vice President or any Managing Director or Director–Corporate Treasury
of the Issuer or any other person who is duly authorized to act for the Issuer in matters relating to, and
binding upon, the Issuer.
Notes redeemed pursuant to this Condition 6(b) will be redeemed at their Early Redemption
Amount referred to in Condition 6(f) below together (if appropriate) with interest accrued to (but
excluding) the date fixed for redemption.
(c)
Special Tax Redemption
If the Issuer determines that any payment made outside the United States by the Issuer or any of its
Paying Agents in respect of any Note (other than in respect of a Registered Note) or Coupon, under any
present or future laws or regulations of the United States, would be subject to any certification,
documentation, information, or other reporting requirement of any kind the effect of which is the
disclosure to the Issuer, any Paying Agent, or any governmental authority of the nationality, residence, or
identity of a beneficial owner of such Note or Coupon who is a United States Alien (as defined herein)
(other than a requirement (1) that would not be applicable to a payment by the Issuer or any one of the
Paying Agents (x) directly to the beneficial owner, or (y) to a custodian, nominee, or other agent of the
beneficial owner, (2) that can be satisfied by such custodian, nominee, or other agent certifying to the
effect that the beneficial owner is a United States Alien, provided that, in any case referred to in Clauses
(1)(y) or (2), payment by the custodian, nominee, or agent to the beneficial owner is not otherwise subject
to any such requirement, or (3) that would not be applicable to a payment by at least one Paying Agent of
the Issuer), the Issuer shall at its option either:
(i)
(ii)
redeem the Notes in whole, but not in part, at any time (in the case of Fixed-Rate Notes) or
on any Interest Payment Date (in the case of Notes other than Fixed-Rate Notes), at a price
equal to the Early Redemption Amount referred to in Condition 6(f) below, together with, if
appropriate, interest accrued to but excluding the date fixed for redemption; or
if the conditions of the second succeeding paragraph are satisfied, pay the Additional
Amounts specified in such paragraph.
The Issuer shall make its determination as soon as practicable and publish prompt notice thereof
(the “Determination Notice”) stating the effective date of its certification, documentation, information, or
other reporting requirement, whether the Issuer will redeem the Notes or pay the Additional Amounts
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