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 />
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 (or if the Scheduled<br />
Observation Date is not a Common Scheduled Tra<strong>di</strong>ng Day, the imme<strong>di</strong>ately following<br />
Common Scheduled Tra<strong>di</strong>ng Day) up to and inclu<strong>di</strong>ng the Observation Cut-Off Date is a<br />
Disrupted Day relating to the Affected Fund Share. In that case, or if such Observation Date<br />
falls on the Observation Cut-Off Date owing to the original date on which it was scheduled to<br />
fall not being a Common Scheduled Tra<strong>di</strong>ng Day for such Fund Share, (i) the Observation<br />
Cut-Off Date shall be deemed to be that Observation Date for such Fund Share<br />
(notwithstan<strong>di</strong>ng the fact that such day may be a Disrupted Day for a Fund Share or not a<br />
Common Scheduled Tra<strong>di</strong>ng Day) and (ii) the Calculation Agent shall determine the relevant<br />
price using, in relation to such Fund Share, a price determined in the manner set out in the<br />
applicable Final Terms or, if not set out or if not practicable, using its good faith estimate of<br />
the price for such Fund Share as of the Valuation Time on the Observation Cut-Off Date, and<br />
otherwise in accordance with the above provisions; or<br />
(d)<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 “Common Disrupted Days” shall be<br />
applicable, that Observation Date shall be the first succee<strong>di</strong>ng Common Scheduled Tra<strong>di</strong>ng<br />
Day that is not a Disrupted Day for any Fund Share, unless each of the Common 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 for one or more Fund Shares. In that case, or if<br />
such Observation Date falls on the Observation Cut-Off Date owing to the original date on<br />
which it was scheduled to fall not being a Common Scheduled Tra<strong>di</strong>ng Day, (i) the<br />
Observation Cut-Off Date shall be deemed to be that Observation Date (notwithstan<strong>di</strong>ng the<br />
fact that such day may be a Disrupted Day for a Fund Share or not a Common Scheduled<br />
Tra<strong>di</strong>ng Day) and (ii) the Calculation Agent shall determine the relevant price using, in<br />
relation to each Fund Share for which the Observation Cut-Off Date is a Disrupted Day or is<br />
not a Common Scheduled Tra<strong>di</strong>ng Day, a price determined in the manner set out in the<br />
applicable Final Terms or, if not set out or if not practicable, using its good faith estimate of<br />
the price for such Fund Share as of the Valuation Time on the Observation Cut-Off Date, and<br />
otherwise in accordance with the above provisions.<br />
“Observation Period” means, in respect of a Fund Share:<br />
(a)<br />
(b)<br />
if the consequence of “Extension” is specified in the applicable Final Terms to be applicable,<br />
each period commencing on, the Observation Period Start Date, following adjustment of such<br />
date pursuant to these Fund Linked Con<strong>di</strong>tions or as specified in the applicable Final Terms,<br />
if applicable (and inclu<strong>di</strong>ng or exclu<strong>di</strong>ng such Observation Period Start Date, as specified in<br />
the applicable Final Terms) and en<strong>di</strong>ng on the imme<strong>di</strong>ately following Observation Period<br />
End Date, following adjustment of such date pursuant to these Fund Linked Con<strong>di</strong>tions or as<br />
specified in the applicable Final Terms, if applicable (and inclu<strong>di</strong>ng or exclu<strong>di</strong>ng such<br />
Observation Period End Date, as specified in the applicable Final Terms); or<br />
if the consequence of “No Extension” is specified in the applicable Final Terms to be<br />
applicable, each period commencing on the Observation Period Start Date, prior to any<br />
adjustment of such date pursuant to these Fund Linked Con<strong>di</strong>tions or as specified in the<br />
applicable Final Terms, if applicable (and inclu<strong>di</strong>ng or exclu<strong>di</strong>ng such Observation Period<br />
Start Date, as specified in the applicable Final Terms) and en<strong>di</strong>ng on the imme<strong>di</strong>ately<br />
following Observation Period End Date, prior to any adjustment of such date pursuant to<br />
these Fund Linked Con<strong>di</strong>tions or as specified in the applicable Final Terms, if applicable (and<br />
inclu<strong>di</strong>ng or exclu<strong>di</strong>ng such Observation Period Start Date, as specified in the applicable<br />
Final Terms).<br />
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