INDEX OF DEFINED TERMS - Banca di Legnano

Level: 2 – From: 2 – Wednesday, July 21, 2010 – 12:23 – eprint6 – 4247 Section 09
“Fund Valuation Date” means a date as of which a Fund (or its Fund Service Provider that
generally determines such value) determines the value of the related Fund Interest.
“Hypothetical Investor” means a hypothetical or actual investor (as determined by the Calculation
Agent in the context of the relevant situation) in Fund Interests which is deemed to have the benefits and
obligations, as provided in the relevant Fund Documents, of an investor holding Fund Interests at the
relevant time. The Hypothetical Investor may be deemed by the Calculation Agent to be resident or
organized in any jurisdiction, and to be, without limitation, the Issuer, the Calculation Agent or any of their
affiliates (as determined by the Calculation Agent in the context of the relevant situation).
“Removal Date” means, in respect of an Affected Fund Interest, the date on which the Calculation
Agent determines that a Hypothetical Investor would receive the Removal Value in respect of a redemption
or realization of such Affected Fund Interest effected as soon as reasonably practicable following the
occurrence of the relevant Fund Event.
“Removal Value” means, in respect of an Affected Fund Interest, the amount that the Calculation
Agent determines a Hypothetical Investor would receive in cash on the redemption or realization of such
Affected Fund Interest at the relevant time, provided that if any such redemption proceeds would comprise
non-monetary assets the Removal Value may, at the sole and absolute discretion of the Calculation Agent,
include only such amount (if any) that the Calculation Agent determines would be received by the
Hypothetical Investor in respect of a realization (in whatsoever manner the Calculation Agent determines
appropriate) of such non-monetary assets as soon as reasonably practicable after their receipt.
“Scheduled Fund Redemption Valuation Date” means the date as of which a Fund (or its Fund
Service Provider that generally determine such value) is scheduled, according to the relevant Fund
Documents (without giving effect to any gating, deferral, suspension or other provisions permitting the
Fund to delay or refuse redemption of Fund Interests), to determine the net asset value of the related Fund
Interest for purposes of calculating the redemption proceeds to be paid to an investor that has submitted a
valid and timely notice for redemption of Fund Interests based on the value determined as of such date.
“Scheduled Fund Valuation Date” means, in respect of a Fund Interest, a date as of which the
related Fund (or its Fund Service Provider that generally determines such value) is scheduled, according to
the relevant Fund Documents (without giving effect to any gating, deferral, suspension or other provisions
permitting the Fund to delay or refuse redemption of Fund Interests), to determine the value of the related
Fund Interest or, if the Fund only reports its aggregate net asset value, the date as of which such Fund is
scheduled to determine its aggregate net asset value.
4. Fund Events
Additional Terms and Conditions for Fund Linked Notes
“Fund Event” means the occurrence of each of an Additional Fund Disruption Event, a Fund
Disruption Event and/or a Fund Extraordinary Event as determined by the Calculation Agent.
(a)
“Additional Fund Disruption Event” means each of Change in Law, Fund Hedging
Disruption or Increased Cost of Hedging.
“Change in Law” means that, on or after the Trade Date (i) due to the adoption of or any change in
any applicable law or regulation (including, without limitation, any tax law), or (ii) due to the
promulgation of or any change in the interpretation by any court, tribunal or regulatory authority with
competent jurisdiction of any applicable law or regulation (including any action taken by a taxing
authority), the Issuer or any of its Affiliates or agents acting on its behalf determines in good faith that (x)
it has become illegal to hold, acquire, or dispose of any Fund Interests, or (y) the Issuer will incur a
materially increased cost in performing its obligations under the Fund Linked Notes (including, without
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