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 />
“Observation Period End Date” means, in respect of a Fund Share, each date specified as such in<br />
the applicable Final Terms, subject to adjustment in accordance with the provisions of “Observation Date”,<br />
“Valuation Date”, or otherwise as specified in the applicable Final Terms, if applicable.<br />
“Observation Period Start Date” means, in respect of a Fund Share, each date specified as such in<br />
the applicable Final Terms, subject to adjustment in accordance with the provisions of “Observation Date”,<br />
“Valuation Date”, or otherwise as specified in the applicable Final Terms, if applicable.<br />
“Related Exchange” means, in relation to a Fund Share, each exchange or principal tra<strong>di</strong>ng market<br />
specified as such for such Fund Share in the applicable Final Terms, any successor to such exchange or<br />
quotation system or any substitute exchange or quotation system to which tra<strong>di</strong>ng in the Fund Shares in<br />
respect of such Fund Share has temporarily relocated (provided the Calculation Agent has determined that<br />
there is comparable liqui<strong>di</strong>ty relative to such Fund Shares on such temporary substitute exchange or<br />
quotation system as on the original Related Exchange), provided however, that where “All Exchanges” is<br />
specified as the Related Exchange in the applicable Final Terms, “Related Exchange” shall mean each<br />
exchange or principal tra<strong>di</strong>ng market where tra<strong>di</strong>ng has a material effect (as determined by the Calculation<br />
Agent) on the overall market for such Fund Shares.<br />
“Scheduled Closing Time” means, in respect of an Exchange or Related Exchange and a<br />
Scheduled Tra<strong>di</strong>ng Day, the scheduled weekday closing time of such Exchange or Related Exchange on<br />
such Scheduled Tra<strong>di</strong>ng Day, without regard to after hours or any other tra<strong>di</strong>ng outside of the regular<br />
tra<strong>di</strong>ng session hours.<br />
“Scheduled Observation Date” means any original date that, but for the occurrence of an event<br />
causing a Disrupted Day, would have been an Observation Date.<br />
“Scheduled Tra<strong>di</strong>ng Day” means any day on which each Exchange and each Related Exchange are<br />
scheduled to be open for tra<strong>di</strong>ng for their respective regular tra<strong>di</strong>ng sessions.<br />
“Scheduled Valuation Date” means any original date that, but for the occurrence of an event<br />
causing a Disrupted Day, would have been a Valuation Date.<br />
“Underlying Index” means the underlying index specified in the applicable Final Terms.<br />
“Valuation Cut-Off Date” means the eighth Scheduled Tra<strong>di</strong>ng Day (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, the eighth Common Scheduled Tra<strong>di</strong>ng Day) imme<strong>di</strong>ately following the<br />
Scheduled Valuation Date or if earlier the Scheduled Tra<strong>di</strong>ng Day (or, where the Fund Linked Notes relate<br />
to a Basket of Funds and the applicable Final Terms provides that “Common Scheduled Tra<strong>di</strong>ng Days”<br />
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 second<br />
Business Day imme<strong>di</strong>ately prece<strong>di</strong>ng the date on which payment of any amount or delivery of any assets<br />
may have to be made pursuant to any calculation or determination made on such Valuation Date, provided<br />
that the Valuation Cut-Off Date shall not fall prior to the original date on which such Valuation Date was<br />
scheduled to fall.<br />
“Valuation Date” means each Valuation Date specified in the applicable Final Terms, or if that is<br />
not a Scheduled Tra<strong>di</strong>ng Day the first Scheduled Tra<strong>di</strong>ng Day thereafter or, if earlier, the Valuation Cut-Off<br />
Date (or, 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 be applicable, each date specified as a Valuation<br />
Date in the applicable Final Terms or, if any such date is not a Common Scheduled Tra<strong>di</strong>ng Day, the<br />
imme<strong>di</strong>ately following Common Scheduled Tra<strong>di</strong>ng Day). If such day is a Disrupted Day, then:<br />
(a)<br />
where the Fund Linked Notes relate to a single Fund, the Valuation 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 />
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