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
relation to such Fund Share, and (B) the Calculation Agent shall determine the relevant
price for that Averaging Date in accordance with sub-paragraph (b)(ii) of the definition
of “Valuation Date” below;
(iii)
(iv)
where the Fund Linked Notes relate to a Basket of Funds and the applicable Final
Terms provides that “Common Scheduled Trading Days” and “Individual Disrupted
Days” shall be applicable, the Averaging Date for each Fund Share not affected by the
occurrence of a Disrupted Day shall be the originally designated Averaging Date
(following adjustment of such date owing to the original date not being a Common
Scheduled Trading Day, if applicable) (the “Scheduled Averaging Date”) and the
Averaging Date for a Fund Share affected by the occurrence of a Disrupted Day shall
be the first succeeding Valid Date in relation to such Fund Share. If the first
succeeding Valid Date in relation to such Fund Share has not occurred as of the
Valuation Time on the Averaging Cut-Off Date or if such Averaging Date falls on the
Averaging Cut-Off Date owing to the original date on which it was scheduled to fall
not being a Common Scheduled Trading Day, then (A) the Averaging Cut-Off Date
shall be deemed to be the Averaging Date (irrespective of whether the Averaging Cut-
Off Date is already an Averaging Date) in relation to such Fund Share, and (B) the
Calculation Agent shall determine the relevant price for that Averaging Date in
accordance with sub-paragraph (c)(ii) of the definition of “Valuation Date” below; or
where the Fund Linked Notes relate to a Basket of Funds and the applicable Final
Terms provides that “Common Scheduled Trading Days” and “Common Disrupted
Days” shall be applicable, the Averaging Date for each Fund Share shall be the first
succeeding Common Valid Date in relation to such Fund Share. If the first succeeding
Common Valid Date has not occurred as of the Valuation Time on the Averaging Cut-
Off Date or if such Averaging Date falls on the Averaging Cut-Off Date owing to the
original date on which it was scheduled to fall not being a Common Scheduled
Trading Day, then (A) the Averaging Cut-Off Date shall be deemed to be the
Averaging Date (irrespective of whether the Averaging Cut-Off Date is already an
Averaging Date), and (B) the Calculation Agent shall determine the relevant level or
price for that Averaging Date in accordance with sub-paragraph (d)(ii) of the definition
of “Valuation Date” below,
and, for the purposes of these Fund Linked Conditions “Valid Date” means a Scheduled Trading
Day that is not a Disrupted Day and on which another Averaging Date does not or is deemed not to occur,
and “Common Valid Date” means a Common Scheduled Trading Day that is not a Disrupted Day for any
Fund Share and on which another Averaging Date does not or is deemed not to occur.
“Barrier Event Determination Day” means, in respect of each Fund Share and each Observation
Period:
(a)
if the applicable Final Terms provides that “Barrier Event (intraday)” is applicable, each day
on which the price of such Fund Share is quoted on the relevant Exchange during such
Observation Period, regardless of whether or not such day is a Scheduled Trading Day for
such Fund Share (and, for the avoidance of doubt, if the Calculation Agent in its sole and
absolute discretion determines that a Market Disruption Event is occurring at any time on any
Barrier Event Determination Day, it shall disregard the period during which it determines in
its sole and absolute discretion that such Market Disruption Event has occurred and is
continuing for the purposes of determining whether or not a Barrier Event (intraday) has
occurred); or
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