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
continues for a period of ten calendar days after the date of any final determination to the
effect that the Issuer had failed to duly perform or observe one or more of such terms,
covenants, or agreements; or
(iv)
(v)
a court having jurisdiction in the premises shall enter a decree or order for relief in respect of
the Issuer in an involuntary case or proceeding under any applicable bankruptcy, insolvency,
reorganization, or other similar law now or hereafter in effect, or appointing a receiver,
liquidator, conservator, assignee, custodian, trustee, sequestrator (or similar official) of the
Issuer or for any substantial part of its property or ordering the winding-up or liquidation of
its affairs and such decree or order shall remain unstayed and in effect for a period of 60
consecutive calendar days; or
the Issuer shall commence a voluntary case or proceeding under any applicable bankruptcy,
insolvency, liquidation, receivership, reorganization, or other similar law now or hereafter in
effect, or shall consent to the entry or an order for relief in an involuntary case under any
such law, or shall consent to the appointment of or taking possession by a receiver, liquidator,
conservator, assignee, trustee, custodian, sequestrator (or similar official) of the Issuer or for
any substantial part of its property, or shall make any general assignment for the benefit of
creditors, or shall admit in writing its inability to pay its debts as they become due or shall
take any corporate action in furtherance of any of the foregoing.
(b)
Events of Default in Relation to Subordinated Notes
The occurrence of any of the following events with respect to any Series of Subordinated Notes
shall constitute an “Event of Default” with respect to such Series:
(i)
(ii)
a court having jurisdiction in the premises shall enter a decree or order for relief in respect of
the Issuer in an involuntary case or proceeding under any applicable bankruptcy, insolvency,
reorganization, or other similar law now or hereafter in effect, or appointing a receiver,
liquidator, conservator, assignee, custodian, trustee, sequestrator (or similar official) of the
Issuer or for any substantial part of its property or ordering the winding-up or liquidation of
its affairs and such decree or order shall remain unstayed and in effect for a period of 60
consecutive calendar days; or
the Issuer shall commence a voluntary case or proceeding under any applicable bankruptcy,
insolvency, liquidation, receivership, reorganization, or other similar law now or hereafter in
effect, or shall consent to the entry or an order for relief in an involuntary case under any
such law, or shall consent to the appointment of or taking possession by a receiver, liquidator,
conservator, assignee, trustee, custodian, sequestrator (or similar official) of the Issuer or for
any substantial part of its property, or shall make any general assignment for the benefit of
creditors, or shall admit in writing its inability to pay its debts as they become due or shall
take any corporate action in furtherance of any of the foregoing.
(c)
Acceleration of Notes, Notices, Certain Calculations, and Amounts to be Paid
If an Event of Default shall occur and be continuing with respect to any Series of Notes, then the
holder of any Notes of the applicable Series, at such holder’s option, by written notice to the Issuer and the
Principal Agent, may declare the principal of such Note, the interest accrued, or any other amounts then
payable thereon (and Additional Amounts, if any, thereon) to be due and payable immediately and if any
such Event of Default shall continue at the time of receipt of such written notice, such amounts shall
become immediately due and payable, subject to the qualification in bold-type immediately below. Upon
payment of such amount of principal, interest, or any other amounts payable (and Additional Amounts, if
86