INDEX OF DEFINED TERMS - Banca di Legnano

Level: 2 – From: 2 – Wednesday, July 21, 2010 – 12:23 – eprint6 – 4247 Section 09
Additional Terms and Conditions for Fund Linked Notes
imposition of any fees or charges in relation to redemptions, subscriptions, or transfers
of Fund Interests;
(vii)
Strategy Breach: “Strategy Breach” means any breach or violation of any strategy or
investment guidelines stated in the relevant Fund Documents that is reasonably likely
to affect the value of a Fund Interest or the rights or remedies of any holders thereof
(in each case, as determined by the Calculation Agent); or any change of the nature of
a Fund, including but not limited to the type of investments, the duration, the credit
risk, and diversification of the investments to which that Fund is exposed, which, in
the opinion of the Calculation Agent, results in a material deterioration of the risk
profile of that Fund;
(viii) Regulatory Action: “Regulatory Action” means (x) the cancellation, suspension or
revocation of the registration or approval of a Fund Interest or the related Fund by any
governmental, legal or regulatory entity with authority over such Fund Interest or
Fund, (y) any change in the legal, tax, accounting, or regulatory treatments of a Fund
or its Fund Adviser that is reasonably likely to have an adverse impact on the value of
the related Fund Interest or on any investor therein (as determined by the Calculation
Agent), or (z) a Fund or any of its Fund Administrator or Fund Adviser becoming
subject to investigation, proceeding, or litigation by any relevant governmental, legal,
or regulatory authority involving the alleged violation of applicable law for any
activities relating to or resulting from the operation of such Fund, Fund Administrator,
or Fund Adviser;
(ix)
(x)
(xi)
Reporting Disruption: “Reporting Disruption” means (x) the occurrence of any event
affecting a Fund Interest that, in the determination of the Calculation Agent, would
make it impossible or impracticable for the Calculation Agent to determine the value
of such Fund Interest in respect of a Scheduled Fund Valuation Date or a Scheduled
Fund Redemption Valuation Date, and such event continues for at least two
consecutive Scheduled Fund Valuation Dates or Scheduled Fund Redemption
Valuation Dates, as the case may be; (y) any failure of a Fund to deliver, or cause to be
delivered, (A) information that such Fund has agreed to deliver, or cause to be
delivered to the Calculation Agent, including, but not limited to, information to
determine the occurrence of a Fund Event and the annual audited financial report and
semi-annual financial report, if any, in relation to the related Fund Interests, or (B)
information that has been previously delivered to the Calculation Agent, in accordance
with such Fund’s, or its authorized representative’s, normal practice and that the
Calculation Agent deems necessary to monitor such Fund’s compliance with any
investment guidelines, asset allocation methodologies or any other similar policies
relating to the related Fund Interests;
Fund Service Provider Cessation: “Fund Service Provider Cessation” means that one
or more Fund Service Provider(s) in respect of a Fund ceases to provide the service as
outlined in the relevant Fund Documents prevailing on the Trade Date or, where the
related Fund Interest is a Replacement Fund Interest, the relevant replacement date,
and any such Fund Service Provider is not immediately replaced by another service
provider acceptable to the Calculation Agent;
Fund Administrator Disruption: “Fund Administrator Disruption” means any event
or circumstances compromising the independence of a Fund Administrator performing
services for a Fund from the relevant Fund Adviser; or
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