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
Redemption Notes, or other Underlying Asset(s) Redemption Notes, they will be redeemed, whether at
maturity, early redemption, or otherwise, in accordance with the provisions of this Condition 6 and the
applicable Final Terms.
(j)
Repurchases
The Issuer and/or any of its Affiliates may at any time repurchase Notes (provided that, in the case
of Bearer Definitive Notes, all unmatured Receipts and Coupons attached thereto are repurchased
therewith) at any price in the open market or otherwise. Such Notes may be held, reissued, resold, or
surrendered to any Paying Agent for cancellation, provided that any such Notes reissued or resold comply
with the selling restrictions set forth in United States Treasury Regulation Section 1.163-5 as if they were
newly issued.
(k)
Cancellation
All Notes which are redeemed will be cancelled (together with, in the case of Bearer Notes, all
unmatured Receipts and Coupons attached thereto or surrendered therewith at the time of redemption) in
the case of Bearer Notes, by surrendering each such Note together with all unmatured Receipts and
Coupons and all unexchanged Talons to any Paying Agent and, in the case of Registered Notes, by
surrendering the Registered Certificate representing such Registered Notes to the Registrar and, in each
case, if so surrendered, shall, together with all Notes redeemed by the Issuer, be cancelled forthwith
(together with, in the case of Bearer Notes, all unmatured Receipts and Coupons and unexchanged Talons
attached thereto or surrendered therewith). All Notes so cancelled and the Notes purchased and cancelled
pursuant to Condition 6(j) above (together with, in the case of Bearer Notes, all unmatured Receipts and
Coupons cancelled therewith) shall be forwarded to the Principal Agent and cannot be reissued or resold.
(l)
Principal Protected Notes
In the case of all Notes which the applicable Final Terms specify to be “Principal Protected”,
notwithstanding anything to the contrary, the amount of cash and fair market value of property delivered at
maturity or upon early redemption will not be less than the Specified Denomination of such Note.
7. Redenomination
If the applicable Final Terms permits redenomination, Notes denominated in a currency that may be
redenominated into euro, at the election of the Issuer, may be subject to redenomination in the manner set
out below. In relation to such Notes, the Issuer, without the consent of the Noteholders, Receiptholders, or
Couponholders, on giving at least 30 calendar days’ prior notice to Noteholders, Receiptholders,
Couponholders, the Principal Agent and the Relevant Clearing System in accordance with Condition 14,
may designate a “Redenomination Date” for the Notes, being (in the case of interest-bearing Notes) a
date for payment of interest under the Notes (or in the case of Zero Coupon Notes, any date), in each case
specified by the Issuer in the notice given pursuant to this paragraph and falling on or after the date on
which the relevant member state commences participation in the third stage of European Economic and
Monetary Union pursuant to the EC Treaty and which falls before the date on which the currency ceases to
be a sub-division of the euro. Notwithstanding the foregoing, Bearer Notes will not be redenominated at
the election of the Issuer pursuant to this Condition 7 unless the Issuer receives an opinion of United
States tax counsel recognized as an expert in such matters that the Notes would be in compliance with
United States Treasury Regulation Section 1. 163-5(c)(2)(i)(D) after such redenomination.
Beginning on the Redenomination Date, notwithstanding the other provisions of the Terms and
Conditions:
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