INDEX OF DEFINED TERMS - Banca di Legnano

Level: 2 – From: 2 – Wednesday, July 21, 2010 – 12:06 – eprint6 – 4247 Section 05
Any such changes will not take effect until the next following Interest Payment Date after the Noteholders
have been given notice in accordance with Condition 14.
The circumstances and consequences described in this Condition 7 and any resulting amendment to
the Terms and Conditions of the Notes will not entitle any Noteholder (a) to any legal remedy, including,
without limitation, redemption, rescission, notice, repudiation, adjustment, or renegotiation of the Notes, or
(b) to raise any defense or make any claim (including, without limitation, claims of breach, force majeure,
frustration of purpose, or impracticability) or any other claim for compensation, damages, or any other
relief.
8. Taxation
Terms and Conditions of the Notes
The Issuer will pay a United States Alien such additional amounts of interest (“Additional
Amounts”) as may be necessary so that every net payment of the principal of and interest on any Note or
any Coupon appertaining thereto, after deduction or withholding for or on account of any present or future
tax, assessment, or other governmental charge imposed upon such holder by the United States or any
political subdivision or taxing authority thereof or therein (other than any territory or possession) upon or
as a result of such payment, will not be less than the amount provided for in such Note and the coupons
appertaining thereto; provided, however, that the foregoing obligation to pay Additional Amounts shall not
apply to:
(a)
any tax, assessment, or other governmental charge which would not have been so imposed
but for:
(i)
(ii)
(iii)
the existence of any present or former connection between such holder (or between a
fiduciary, settlor, beneficiary, member, or stockholder of, or a person holding a power
over, such holder, if such holder is an estate, trust, partnership, or corporation) and the
United States or any of its possessions, including, without limitation, such holder (or
such fiduciary, settlor, beneficiary, member, stockholder, or person holding a power)
being or having been a citizen or resident or treated as a resident thereof or being or
having been engaged in a trade or business therein or being or having been present
therein or having or having had a permanent establishment therein or having or having
had a qualified business unit which has the U.S. Dollar as its functional currency;
such holder’s present or former status as a personal holding company, foreign personal
holding company, passive foreign investment company, private foundation, or other
tax-exempt entity, or controlled foreign corporation for United States tax purposes or a
corporation which accumulates earnings to avoid United States federal income tax; or
such holder’s status as a bank extending credit pursuant to a loan agreement entered
into in the ordinary course of business;
(b)
(c)
any tax, assessment, or governmental charge that would not have been so imposed but for the
failure of the holder to comply with certification, identification, or information reporting
requirements under United States income tax laws, without regard to any tax treaty, with
respect to the payment, concerning the nationality, residence, identity, or connection with the
United States or any of its possessions of the holder or a beneficial owner of such Note or
Coupon, if such compliance is required by United States income tax laws, without regard to
any tax treaty, as a precondition to relief or exemption from such tax, assessment, or
governmental charge;
any tax, assessment, or governmental charge that would not have been so imposed but for the
presentation by the holder of such Note or Coupon for payment on a date more than 30
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