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
(xii)
Related Agreement Termination: “Related Agreement Termination” means a Fund or
any of its Fund Administrator or Fund Adviser is in breach of or has terminated any
existing agreement with the Calculation Agent in respect of, but not limited to,
retrocession, dealing fees, liquidity, and licensing.
Following the occurrence of a Fund Event, the Issuer may take the action described in (i) or (ii)
below such that the Calculation Agent, in its sole and absolute discretion, determines to be practicable,
which may be determined by the Calculation Agent after all necessary information has been obtained and/
or released by the Fund:
(i)
require the Calculation Agent to make such determinations and/or adjustments to the Terms
and Conditions and/or the applicable Final Terms as it determines appropriate to account for
the Fund Event, which may include, without limitation,
(A)
(B)
(C)
delaying any determination date (including any Valuation Date or Averaging Date)
and/ or any date on which payment might otherwise have to be made under the terms
of the applicable Final Terms until it determines that no Fund Event exists;
determining that, in the sole and absolute discretion of the Calculation Agent, one or
more Fund Events may continue until or after any scheduled determination dates
and/or payment dates as set out in the applicable Final Terms, and thereafter
determining to fix any determination date (including any Valuation or Averaging Date)
and/or date on which payment should be made, and making payment on such date of
such amount as is appropriate, as determined in the sole and absolute discretion of the
Calculation Agent, taking into account the Fund Event, and which may be based solely
on any amounts of cash that a Hypothetical Investor in the Fund actually received
from the Fund during the relevant period or periods (and which may be less than any
relevant net asset value published for the Fund, and may be as low as zero);
calculating the value of a Fund Interest and/or replacing a Fund Interest (the “Affected
Fund Interest”) with a replacement fund interest (the “Replacement Fund Interest”)
with a value as determined by the Calculation Agent equal to the Removal Value for
the Affected Fund Interest and in a fund which in the determination of the Calculation
Agent has similar characteristics, investment objectives and policies to those
applicable to the Fund in respect of the Affected Fund Interest immediately prior to the
occurrence of the Fund Event; or
(ii)
on giving notice to the Noteholders in accordance with Condition 14, redeem all (but not less
than all) of the Notes, each Note being redeemed at the Early Redemption Amount.
If the Calculation Agent replaces an Affected Fund Interest with a Replacement Fund Interest, such
replacement shall take effect on the first reasonably practicable date following the Removal Date for such
Affected Fund Interest on which the Calculation Agent determines that a Hypothetical Investor could
acquire the Replacement Fund Interest.
Upon the occurrence of a Fund Event, the Issuer shall give notice as soon as reasonably practicable
to the Noteholders in accordance with Condition 14 giving details of 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 such action.
5. Fund Potential Adjustment Events
“Fund Potential Adjustment Event” means any of the following:
152