INDEX OF DEFINED TERMS - Banca di Legnano

Level: 2 – From: 2 – Wednesday, July 21, 2010 – 12:19 – eprint6 – 4247 Section 08
Additional Terms and Conditions for FX Linked Notes
date, the date closest to such relevant date will be selected (or such other date as may be
selected by the Calculation Agent in its sole and absolute discretion);
(c)
(d)
notwithstanding paragraph (b) above but subject to paragraph (d) below, the Calculation
Agent may (to the extent permitted by the applicable law), in good faith and in its sole and
absolute discretion, select such other exchange rate or other basis for the conversion of an
amount of the Original Currency to the Successor Currency and, will make such
adjustment(s) that it determines to be appropriate, if any, to any variable, calculation
methodology, valuation, settlement, payment terms, or any other terms in respect of the Notes
to account for such elimination, conversion, redenomination, or exchange of the Subject
Currency or Base Currency, as the case may be; and
notwithstanding the foregoing provisions, with respect to any Subject Currency or Base
Currency that is substituted or replaced by the Euro, the consequences of such substitution or
replacement will be determined in accordance with applicable law.
9. Rebasing of Notes
If the applicable Final Terms specifies that “Rebasing” is applicable, then if, on or prior to any
Valuation Date or Averaging Date or any other relevant date, the Calculation Agent is unable to obtain a
value for a Subject Currency (because the Subject Currency and/or Base Currency ceases to exist, or for
any other reason other than a temporary disruption, as determined by the Calculation Agent), the
Calculation Agent may rebase the Notes against another foreign exchange rate determined by the
Calculation Agent, in its sole and absolute discretion, to be a comparable foreign exchange rate. If the
Calculation Agent determines in its sole and absolute discretion that there is not such a comparable foreign
exchange rate, the Issuer may elect to redeem or settle the Notes by notice to Noteholders on the date
specified in the notice at the Early Redemption Amount of each Note.
10. Consequences of an Additional Disruption Event
If the applicable Final Terms specifies that Additional Disruption Events shall be applicable, then:
(a)
following the determination by the Calculation Agent that an Additional Disruption Event has
occurred, the Issuer in its sole and absolute discretion may take the action described in (i) or
(ii) below:
(i)
(ii)
require the Calculation Agent to determine in its sole and absolute discretion the
appropriate adjustment, if any, to be made to any of the other terms of the Terms and
Conditions and/or the applicable Final Terms to account for the Additional Disruption
Event and determine the effective date of that adjustment; or
give notice to Noteholders in accordance with Condition 14 and redeem all, but not
less than all, of the Notes, each nominal amount of Notes equal to the Specified
Denomination being redeemed at the Early Redemption Amount;
(b)
(c)
upon the occurrence of an Additional Disruption Event, the Issuer shall give notice as soon as
practicable to the Noteholders in accordance with Condition 14 stating the occurrence of the
Additional Disruption Event giving details thereof and the action proposed to be taken in
relation thereto provided that any failure to give, or non-receipt of, such notice will not affect
the validity of the Additional Disruption Event; and
the following terms and expressions shall have the following meanings:
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