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INDEX OF DEFINED TERMS - Banca di Legnano

INDEX OF DEFINED TERMS - Banca di Legnano

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Level: 2 – From: 2 – Wednesday, July 21, 2010 – 12:06 – eprint6 – 4247 Section 05<br />

Terms and Con<strong>di</strong>tions of the Notes<br />

The Issuer is entitled to vary or terminate the appointment of any Paying Agent, the Registrar, or<br />

Transfer Agent and to appoint an alternative Principal Agent or other Paying Agents, Registrars, or<br />

Transfer Agents and approve any change in the specified office through which any Paying Agent, Registrar<br />

or Transfer Agent acts, provided that:<br />

(a)<br />

(b)<br />

(c)<br />

(d)<br />

(e)<br />

so long as the Notes are listed on any stock exchange, there will at all times be a Paying<br />

Agent with a specified office in such place as may be required by the rules and regulations of<br />

the relevant stock exchange;<br />

there will at all times be a Paying Agent with a specified office in a city in continental<br />

Europe;<br />

there will at all times be a Principal Agent;<br />

the Issuer will maintain a Paying Agent in a member state of the European Union that will<br />

not be obliged to withhold or deduct tax pursuant to the Directive (as defined in Con<strong>di</strong>tion 8)<br />

or any law implementing or complying with, or introduced in order to conform to, such<br />

Directive; and<br />

there will at all times be a Transfer Agent and a Registrar with a specified office in<br />

continental Europe (outside the United Kingdom).<br />

In ad<strong>di</strong>tion, the Issuer shall imme<strong>di</strong>ately appoint a Paying Agent having a specified office in New<br />

York City in the circumstances described in Con<strong>di</strong>tion 5(c). Any variation, termination, appointment, or<br />

change shall take effect only (other than in the case of insolvency, when it shall be of imme<strong>di</strong>ate effect)<br />

after not less than 30 nor more than 45 calendar days’ prior notice thereof shall have been given to the<br />

Noteholders in accordance with Con<strong>di</strong>tion 14.<br />

13. Exchange of Talons<br />

On and after the Fixed Interest Payment Date or the Interest Payment Date, as appropriate, on which<br />

the final Coupon comprised in any Coupon sheet matures, the Talon, if any, forming part of such Coupon<br />

sheet, may be surrendered at the specified office of the Principal Agent or any other Paying Agent in<br />

exchange for a further Coupon sheet inclu<strong>di</strong>ng (if such further Coupon sheet does not include Coupons to<br />

(and inclu<strong>di</strong>ng) the final date for the payment of interest due in respect of the Note to which it appertains)<br />

a further Talon, subject to the provisions of Con<strong>di</strong>tion 9. Each Talon, for purposes of these Terms and<br />

Con<strong>di</strong>tions, shall be deemed to mature on the Fixed Interest Payment Date or the Interest Payment Date<br />

(as the case may be) on which the final Coupon comprised in the relative Coupon sheet matures.<br />

14. Notices<br />

Notices to the holders of Registered Notes shall be (i) mailed to them (or, in the case of joint<br />

holders, to the first named) at their respective addresses in the Register and (ii) save where another means<br />

of effective communication has been specified herein or in the Final Terms, published (a) in the case of<br />

any Registered Notes which are admitted to tra<strong>di</strong>ng on the London Stock Exchange’s Regulated Market<br />

(so long as the rules of that exchange so require), in a lea<strong>di</strong>ng newspaper having general circulation in<br />

London (which is expected to be the Financial Times), or if such publication is not practicable, if<br />

published in a lea<strong>di</strong>ng English language daily newspaper having general circulation in Europe, or (b) in the<br />

case of Registered Notes which are admitted to listing, tra<strong>di</strong>ng, and/or quotation by any other listing<br />

authority, stock exchange, and/or quotation system (so long as the rules of such listing authority, stock<br />

exchange, and/or quotation system so require), in a lea<strong>di</strong>ng daily newspaper having general circulation in<br />

London (which is expected to be the Financial Times) and in such other place or manner as may be<br />

required by the rules and regulations of such listing authority, stock exchange, and/or quotation system.<br />

88

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