INDEX OF DEFINED TERMS - Banca di Legnano
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 – 12:15 – eprint6 – 4247 Section 07<br />
Ad<strong>di</strong>tional Terms and Con<strong>di</strong>tions for Share Linked Notes<br />
“Shares” and “Share” mean, subject to adjustment in accordance with these Share Linked<br />
Con<strong>di</strong>tions, the shares or a share specified in the applicable Final Terms and related expressions shall be<br />
construed accor<strong>di</strong>ngly.<br />
“Share Closing Price” means, in respect of a Share and any relevant date, subject to these Share<br />
Linked Con<strong>di</strong>tions, an amount equal to the official closing price of such Share quoted on the relevant<br />
Exchange as determined by the Calculation Agent on such date.<br />
“Share Company” means, in respect of a Share, the company that has issued such Share.<br />
“Share Performance” means the Share Performance specified in the applicable Final Terms.<br />
“Share Price” means, in respect of a Share and a time on a Scheduled Tra<strong>di</strong>ng Day and subject to<br />
these Share Linked Con<strong>di</strong>tions, the price of such Share at such time on such day as determined by the<br />
Calculation Agent.<br />
“Share Substitution Criteria” means (and the Share Substitution Criteria shall be deemed to be<br />
satisfied if), unless otherwise provided in the applicable Final Terms, in respect of a Share and any other<br />
relevant share:<br />
(a)<br />
(b)<br />
the relevant issuer of such other relevant share belongs to a similar economic sector as the<br />
Share Company of such Share; and<br />
the relevant issuer of such other relevant share has a comparable market capitalization and<br />
international stan<strong>di</strong>ng as the Share Company in respect of such Share.<br />
“Trade Date” means the date specified as a Trade Date in the applicable Final Terms.<br />
“Tra<strong>di</strong>ng Disruption” means any suspension of or limitation imposed on tra<strong>di</strong>ng by the relevant<br />
Exchange or Related Exchange or otherwise and whether by reason of movements in price excee<strong>di</strong>ng<br />
limits permitted by the relevant Exchange or Related Exchange or otherwise (i) relating to the Share on the<br />
Exchange or (ii) in futures or options contracts relating to the Share on any relevant Related Exchange.<br />
“Valuation Cut-Off Date” means the eighth Scheduled Tra<strong>di</strong>ng Day (or, where the Share Linked<br />
Notes relate to a Basket of Shares and the applicable Final Terms provides that “Common Scheduled<br />
Tra<strong>di</strong>ng Days” shall be applicable, the eighth Common Scheduled Tra<strong>di</strong>ng Day) imme<strong>di</strong>ately following the<br />
Scheduled Valuation Date or if earlier the Scheduled Tra<strong>di</strong>ng Day (or, where the Share Linked Notes relate<br />
to a Basket of Shares and the applicable Final Terms provides that “Common Scheduled Tra<strong>di</strong>ng Days”<br />
shall be applicable, the Common Scheduled Tra<strong>di</strong>ng Day) falling on or imme<strong>di</strong>ately prece<strong>di</strong>ng the second<br />
Business Day imme<strong>di</strong>ately prece<strong>di</strong>ng the date on which payment of any amount or delivery of any assets<br />
may have to be made pursuant to any calculation or determination made on such Valuation Date, provided<br />
that the Valuation Cut-Off Date shall not fall prior to the original date on which such Valuation Date was<br />
scheduled to fall.<br />
“Valuation Date” means each Valuation Date specified in the applicable Final Terms or if that is<br />
not a Scheduled Tra<strong>di</strong>ng Day the first Scheduled Tra<strong>di</strong>ng Day thereafter or, if earlier, the Valuation Cut-Off<br />
Date (or, where the Share Linked Notes relate to a Basket of Shares and the applicable Final Terms<br />
provides that “Common Scheduled Tra<strong>di</strong>ng Days” shall be applicable, each date specified as a Valuation<br />
Date in the applicable Final Terms or, if any such date is not a Common Scheduled Tra<strong>di</strong>ng Day, the<br />
imme<strong>di</strong>ately following Common Scheduled Tra<strong>di</strong>ng Day). If such day is a Disrupted Day, then:<br />
(a)<br />
where the Share Linked Notes relate to a single Share, the Valuation Date shall be the first<br />
succee<strong>di</strong>ng Scheduled Tra<strong>di</strong>ng Day that is not a Disrupted Day, unless each of the Scheduled<br />
Tra<strong>di</strong>ng Days up to and inclu<strong>di</strong>ng the Valuation Cut-Off Date is a Disrupted Day. In that<br />
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