INDEX OF DEFINED TERMS - Banca di Legnano
INDEX OF DEFINED TERMS - Banca di Legnano
INDEX OF DEFINED TERMS - Banca di Legnano
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Level: 2 – From: 2 – Wednesday, July 21, 2010 – 12:23 – eprint6 – 4247 Section 09<br />
Ad<strong>di</strong>tional Terms and Con<strong>di</strong>tions for Fund Linked Notes<br />
Days” shall be applicable, the Common Scheduled Tra<strong>di</strong>ng Day) falling on or imme<strong>di</strong>ately prece<strong>di</strong>ng the<br />
second Business Day imme<strong>di</strong>ately prece<strong>di</strong>ng the date on which payment of any amount or delivery of any<br />
assets may have to be made pursuant to any calculation or determination made on such Observation Date,<br />
provided that the Observation Cut-Off Date shall not fall prior to the original date on which such<br />
Observation Date was scheduled to fall.<br />
“Observation Date” means each date specified as such in the applicable Final Terms, or if such<br />
date is not a Scheduled Tra<strong>di</strong>ng Day the first Scheduled Tra<strong>di</strong>ng Day thereafter (or, where the Fund Linked<br />
Notes relate to a Basket of Funds and the applicable Final Terms provides that “Common Scheduled<br />
Tra<strong>di</strong>ng Days” shall be applicable, each date specified as an Observation Date in the applicable Final<br />
Terms or, if any such date is not a Common Scheduled Tra<strong>di</strong>ng Day, the imme<strong>di</strong>ately following Common<br />
Scheduled Tra<strong>di</strong>ng Day). If any such day is a Disrupted Day, then:<br />
(a)<br />
(b)<br />
(c)<br />
where the Fund Linked Notes relate to a single Fund, that Observation Date shall be the first<br />
succee<strong>di</strong>ng Scheduled Tra<strong>di</strong>ng Day that is not a Disrupted Day, unless each of the Scheduled<br />
Tra<strong>di</strong>ng Days imme<strong>di</strong>ately following the Scheduled Observation Date up to and inclu<strong>di</strong>ng the<br />
Observation Cut-Off Date is a Disrupted Day. In that case, or if such Observation Date falls<br />
on the Observation Cut-Off Date owing to the original date on which it was scheduled to fall<br />
not being a Scheduled Tra<strong>di</strong>ng Day for such Fund Share, (i) the Observation Cut-Off Date<br />
shall be deemed to be that Observation Date (notwithstan<strong>di</strong>ng the fact that such day may be a<br />
Disrupted Day) and (ii) the Calculation Agent shall determine the relevant price in the<br />
manner set out in the applicable Final Terms or, if not set out or if not practicable, determine<br />
the relevant price in accordance with its good faith estimate of the relevant price as of the<br />
Valuation Time on the Observation Cut-Off Date;<br />
where the Fund Linked Notes relate to a Basket of Funds and the applicable Final Terms<br />
provides that “Common Scheduled Tra<strong>di</strong>ng Days” shall not be applicable, that Observation<br />
Date for each Fund Share not affected by the occurrence of a Disrupted Day shall be the<br />
Scheduled Observation Date (or, if earlier, the Observation Cut-Off Date) and that<br />
Observation Date for each Fund Share affected (each an “Affected Fund Share”) by the<br />
occurrence of a Disrupted Day shall be the first succee<strong>di</strong>ng Scheduled Tra<strong>di</strong>ng Day that is<br />
not a Disrupted Day relating to the Affected Fund Share, unless each of the Scheduled<br />
Tra<strong>di</strong>ng Days imme<strong>di</strong>ately following the Scheduled Observation Date up to and inclu<strong>di</strong>ng the<br />
Observation Cut-Off Date is a Disrupted Day relating to the Affected Fund Share. In that<br />
case, or if such Observation Date falls on the Observation Cut-Off Date owing to the original<br />
date on which it was scheduled to fall not being a Scheduled Tra<strong>di</strong>ng Day for such Fund<br />
Share, (i) the Observation Cut-Off Date shall be deemed to be that Observation Date for such<br />
Fund Share (notwithstan<strong>di</strong>ng the fact that such day may be a Disrupted Day) and (ii) the<br />
Calculation Agent shall determine the relevant price using, in relation to such Fund Share, a<br />
price determined in the manner set out in the applicable Final Terms or, if not set out or if not<br />
practicable, using its good faith estimate of the price for such Fund Share as of the Valuation<br />
Time on the Observation Cut-Off Date, and otherwise in accordance with the above<br />
provisions;<br />
where the Fund Linked Notes relate to a Basket of Funds and the applicable Final Terms<br />
provides that “Common Scheduled Tra<strong>di</strong>ng Days” and “In<strong>di</strong>vidual Disrupted Days” shall be<br />
applicable, that Observation Date for each Fund Share not affected by the occurrence of a<br />
Disrupted Day shall be the Scheduled Observation Date (or if the Scheduled Observation<br />
Date is not a Common Scheduled Tra<strong>di</strong>ng Day, the imme<strong>di</strong>ately following Common<br />
Scheduled Tra<strong>di</strong>ng Day, or in either case, if earlier, the Observation Cut-Off Date) and that<br />
Observation Date for each Fund Share affected (each an “Affected Fund Share”) by the<br />
occurrence of a Disrupted Day shall be the first succee<strong>di</strong>ng Scheduled Tra<strong>di</strong>ng Day that is<br />
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