INDEX OF DEFINED TERMS - Banca di Legnano

Level: 2 – From: 2 – Wednesday, July 21, 2010 – 11:51 – eprint6 – 4247 Section 01
Summary of the Program
may result in adjustments to the terms of such Notes and
calculations as described in the Conditions and could lead
to such Notes being redeemed early.
Adjustments to Share Linked Notes
for Certain Events:
Settlement Disruption Events:
Status of Notes:
In respect of Share Linked Notes, the occurrence of a
Potential Adjustment Event, Merger Event, Tender Offer,
Additional Disruption Event, Nationalization, Insolvency, or
De-listing may result in adjustments to the terms of such
Notes as described in the Conditions and could lead to such
Notes being redeemed early.
In respect of Share Linked Notes which are Physical
Delivery Notes, if a Settlement Disruption Event occurs or
exists on the Maturity Delivery Date, settlement may be
postponed until the next day on which no Settlement
Disruption Event (essentially an event beyond the control of
the Issuer or other hedging entity as a result of which, (i) in
the opinion of the Calculation Agent, delivery of the
Entitlement by or on behalf of the Issuer, in accordance
with the Conditions, is not practicable, or (ii) the Relevant
Clearing System cannot clear the transfer of the relevant
Underlying Asset(s)). The Issuer in these circumstances
may also have the right to pay the Disruption Cash
Settlement Price or Failure to Deliver Settlement Price
Amount, as the case may be, in lieu of delivering the
Underlying Asset(s).
The applicable Final Terms will specify whether the Notes
are Senior Notes or Subordinated Notes. Senior Notes will
rank equally with all other unsubordinated and unsecured
indebtedness of the Issuer. Subordinated Notes shall be
subordinated in right of payment to all existing and future
Senior Indebtedness of the Issuer as provided in Condition
3. There is no limitation on the amount of additional
indebtedness that the Issuer may incur.
Payment of principal of and interest accrued on (and any
Additional Amounts) the Subordinated Notes may not be
accelerated in the case of a default in the payment of
principal or interest by the Issuer or the performance of any
other covenant of the Issuer, but may be accelerated only in
the case of bankruptcy or insolvency.
Listing:
Application has been made to the UK Listing Authority for
Notes to be admitted to the Official List and to trading on
the London Stock Exchange’s Regulated Market.
Notes also may be listed or admitted to trading, as the case
may be, on other or additional stock exchanges or markets
as agreed between the Issuer and the relevant Dealers.
Unlisted Notes may also be issued. The applicable Final
Terms will state whether the Notes are to be listed (and the
stock exchanges, if applicable).
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