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)
(iii)
(iv)
(v)
(vi)
the Notes and the Receipts shall (unless already so provided by mandatory provisions of
applicable law) be deemed to be redenominated in euro in the denomination of euro 0.01
with a nominal amount for each Note and Receipt equal to the nominal amount of that Note
and Receipt in the Specified Currency, converted into euro at the rate for conversion
established by the Council of the European Union pursuant to the EC Treaty (including
compliance with rules relating to rounding in accordance with European Community
regulations) provided that, if the Issuer determines, with the agreement of the Agent (which
agreement shall not be unreasonably withheld), that the then market practice in respect of the
redenomination into euro 0.01 of internationally offered securities is different from the
provisions specified above, such provisions shall be deemed to be amended so as to comply
with such market practice and the Issuer shall promptly notify the Noteholders, any stock
exchange on which the Notes may be listed, and any Paying Agent of such deemed
amendment;
if Definitive Notes are required to be issued after the Redenomination Date, they shall be
issued at the expense of the Issuer in the denominations of €50,000, and such other
denominations as the Principal Agent determines and gives notice of to the Noteholders;
if Bearer Definitive Notes have been issued prior to the Redenomination Date, all unmatured
Receipts and Coupons denominated in the Specified Currency (whether or not attached to the
Notes) will become void from the date on which the Issuer gives the notice (the “Exchange
Notice”) that replacement euro-denominated Notes, Receipts, and Coupons are available for
exchange (provided that such securities are so available) and no payments will be made in
respect of them. The payment obligations contained in any Notes and Receipts so issued also
will become void on that date although those Notes and Receipts will continue to constitute
valid exchange obligations of the Issuer. New certificates in respect of euro-denominated
Notes, Receipts and Coupons will be issued in exchange for Notes, Receipts and Coupons
denominated in the Specified Currency in such manner as the Principal Agent may specify
and shall be stated to Noteholders in the Exchange Notice;
after the Redenomination Date, all payments in respect of the Notes (other than payments of
interest in respect of periods commencing before the Redenomination Date) will be made
solely in euro, unless the Redenomination Date is on or after such date as the Specified
Currency ceases to be a sub-division of the euro. Such payments will be made in euro by
credit or transfer to a euro account (or any other account to which euro may be credited or
transferred) specified by the payee;
the amount of interest in respect of Notes will be calculated by reference to the aggregate
nominal amount of Bearer Definitive Notes presented (or, as the case may be, in respect of
which Receipts or Coupons are presented) for payment by the relevant holder and the amount
of such payment shall be rounded down to the nearest euro 0.01; and
if the Notes are Notes other than Fixed-Rate Notes, Zero Coupon Notes or other non-interest
bearing Notes, the applicable Final Terms will specify any relevant changes to the provisions
relating to interest.
In connection with such redenomination, the Issuer, after consultation with the Principal Agent, may
make such other changes to the Terms and Conditions applicable to the relevant Notes, including, without
limitation, with respect to any Business Day, Fixed Day Count Fraction, Floating Day Count Fraction, or
other conventions as it may decide, so as to conform them to the then market practice in respect of eurodenominated
debt securities issued in the Euromarkets, which are held in international clearing systems.
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