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(xvi)the Fund Administrator or the Reference Fund fails, for any reason other than of a technical oroperational nature, to calculate and announce the official Fund Interest Price within thenumber of days specified in the relevant Final Terms of the date on which such Fund InterestPrice was originally scheduled to be announced (a “NAV Disruption Event”);(xvii) any legal action, suit or proceeding has been taken or brought, or is threatened or pending,against the Reference Fund or any of its Fund Service Providers which, if resolved against theReference Fund or Fund Service Provider has, or would have, a material adverse effect on thereputation of the Reference Fund and/or the price of its Fund Interest Units (a “LegalAction”);(xviii) a Reference Fund fails to satisfy the requirements of the Calculation Agent’s initial and ongoingdue diligence process and other internal control procedures (as such procedures may beamended from time to time) (a “Due Diligence Failure”);(xix) (i) the Reference Fund and/or the Fund Manager and/or the Fund Adviser fail to execute aTrading Agreement, if required by the Calculation Agent, or (ii) any breach, violation ortermination by the Reference Fund and/or the Fund Manager and/or the Fund Adviser of theTrading Agreement (a “Trading Agreement Event”);(xx)the official Fund Interest Price of the Fund Interest Units has decreased by an amount equal toor greater than the percentage amount specified in the relevant Final Terms during the periodspecified in the relevant Final Terms (a “NAV Trigger Event”);(xxi) the aggregate nominal amount of the Notes minus the nominal amount of the Notesrepurchased and/or cancelled by the Issuer at any time is less than USD 200,000 (or suchother amount as specified in the relevant Final Terms) or its equivalent in the SpecifiedCurrency (the “Minimum Outstanding Amount of Notes”);(xxii) the material alteration of the stated benchmark of the Reference Fund, as specified in therelevant Final Terms (a “Benchmark Change”);(xxiii) means, in respect of any Fund Interests, any (i) reclassification or change of such FundInterests that results in a transfer of or an irrevocable commitment to transfer all or any ofsuch Fund Interests outstanding to another entity or person, (ii) consolidation, amalgamation,merger or binding share exchange of a Reference Fund with or into another entity or person(other than a consolidation, amalgamation, merger or binding share exchange in which suchReference Fund is the continuing entity and which does not result in a reclassification of orchange to any Fund Interests), (iii) takeover offer, tender offer, exchange offer, solicitation,proposal or other event by any entity or person to purchase or otherwise obtain 100 per cent.of the outstanding Fund Interests of any particular Reference Fund that results in a transfer ofor an irrevocable commitment to transfer all such Fund Interests (other than such FundInterests owned or controlled by such other entity or person) or (iv) consolidation,amalgamation, merger or binding share exchange of a Reference Fund or any subsidiariesthereof with or into another entity in which such Reference Fund is the continuing entity andwhich does not result in a reclassification of or change to all Fund Interests outstanding ofsuch Reference Fund but results in such outstanding Fund Interests (other than the FundInterests owned or controlled by such other entity) immediately prior to such eventcollectively representing less than 50 per cent. of the outstanding Fund Interests immediatelyfollowing such event (an “Organisational Change”);(xxiv) the aggregate net asset value of assets managed by the Fund Adviser on behalf of theReference Fund falls below EUR 200,000,000 (or such other amount as specified in the166