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
(i)
(ii)
(iii)
(iv)
(v)
a subdivision, consolidation or reclassification of relevant Fund Interests or a free distribution
or dividend of any such Fund Interests to existing holders by way of bonus, capitalization or
similar issue;
a distribution, issue or dividend to existing holders of relevant Fund Interests of (A) such
Fund Interests or (B) other share capital or securities granting the right to payment of
dividends and/or the proceeds of liquidation of the related Fund equally or proportionately
with such payments to holders of such Fund Interests or (C) share capital or other securities
of another issuer acquired or owned (directly or indirectly) by the related Fund as a result of
a spin-off or other similar transaction or (D) any other type of securities, rights or warrants or
other assets, in any case for payment (in cash or in other consideration) at less than the
prevailing market price as determined by the Calculation Agent;
an extraordinary dividend as determined by the Calculation Agent;
a repurchase by a Fund of relevant Fund Interests whether out of profits or capital and
whether the consideration for such repurchase is cash, securities or otherwise other than
where such repurchase is a redemption of Fund Interests initiated by an investor in such Fund
Interests and consistent with the relevant Fund Documents; or
any other event that may have, in the opinion of the Calculation Agent, a diluting,
concentrative or other on the theoretical value of relevant Fund Interests.
Following the declaration by a Fund of the terms of any Fund Potential Adjustment Event, the
Calculation Agent will, in its sole and absolute discretion, determine whether such Fund Potential
Adjustment Event has a diluting, concentrative, or other effect on the theoretical value of the relevant Fund
Interest and, if so, will make the corresponding adjustment, if any, to any one or more of any of the terms
of the Terms and Conditions and/or the applicable Final Terms as the Calculation Agent in its sole and
absolute discretion, determines appropriate to account for that diluting, concentrative, or other effect
(provided that no adjustments will be made to account solely for changes in volatility, expected dividends
or liquidity relative to the relevant Fund Interest) and determine the effective date of that adjustment.
Upon the making of any such adjustment by the Calculation Agent, the Issuer shall give notice as
soon as reasonably practicable to the Noteholders in accordance with Condition 14, stating the adjustment
to any of the terms of the Terms and Conditions, and/or the applicable Final Terms and giving brief details
of the Fund Potential Adjustment Event, provided that any failure to give, or non receipt of, such notice
will not affect the validity of any such adjustment.
6. Provisions relating to Exchange Traded Funds
Fund Linked Conditions 7, 8, 9 and 10 apply to Exchange Traded Funds.
7. Definitions (Exchange Traded Funds)
“Averaging Cut-Off Date” means the eighth Scheduled Trading Day (or, where the Fund Linked
Notes relate to a Basket of Funds and the applicable Final Terms provides that “Common Scheduled
Trading Days” shall be applicable, the eighth Common Scheduled Trading Day) immediately following the
original date that, but for the occurrence of another Averaging Date or Disrupted Day, or on account of
such date not being a Scheduled Trading Day (or, where the Fund Linked Notes relate to a Basket of
Funds and the applicable Final Terms provides that “Common Scheduled Trading Days” shall be
applicable, a Common Scheduled Trading Day), would have been the final Averaging Date, or, if earlier,
the Scheduled Trading Day (or, where the Fund Linked Notes relate to a Basket of Funds and the
applicable Final Terms provides that “Common Scheduled Trading Days” shall be applicable, the Common
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