10.07.2015 Views

Dit prospectus is gemaakt voor de uitgifte van dit product en ... - Iex

Dit prospectus is gemaakt voor de uitgifte van dit product en ... - Iex

Dit prospectus is gemaakt voor de uitgifte van dit product en ... - Iex

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

ele<strong>van</strong>t Final Terms) or its equival<strong>en</strong>t in the Specified Curr<strong>en</strong>cy (an “Assets Un<strong>de</strong>rManagem<strong>en</strong>t Trigger”);(xxv) a subdiv<strong>is</strong>ion, consolidation or reclassification of the rele<strong>van</strong>t number of Fund Interest Unitsor amount of Fund Interest, or a free d<strong>is</strong>tribution or divi<strong>de</strong>nd of any such Fund Interest toex<strong>is</strong>ting hol<strong>de</strong>rs by way of bonus, capital<strong>is</strong>ation or similar <strong>is</strong>sue;(xxvi) a d<strong>is</strong>tribution, <strong>is</strong>sue or divi<strong>de</strong>nd to ex<strong>is</strong>ting hol<strong>de</strong>rs of the rele<strong>van</strong>t Fund Interest of (A) anad<strong>dit</strong>ional amount of such Fund Interest, (B) other share capital or securities granting the rightto paym<strong>en</strong>t of divi<strong>de</strong>nds and/or the proceeds of liquidation of the Refer<strong>en</strong>ce Fund equally orproportionately with such paym<strong>en</strong>ts to hol<strong>de</strong>rs of such Fund Interest, (C) share capital or othersecurities of another <strong>is</strong>suer acquired or owned (directly or indirectly) by the Refer<strong>en</strong>ce Fundas a result of a spin-off or other similar transaction or (D) any other type of securities, rightsor warrants or other assets, in any case for paym<strong>en</strong>t (cash or other consi<strong>de</strong>ration) at less thanthe prevailing market price as <strong>de</strong>termined by the Calculation Ag<strong>en</strong>t;(xxvii) an extraordinary divi<strong>de</strong>nd (<strong>de</strong>termined by the Calculation Ag<strong>en</strong>t, in its sole and absoluted<strong>is</strong>cretion, to be extraordinary);(xxviii) a repurchase by the Refer<strong>en</strong>ce Fund of rele<strong>van</strong>t Fund Interests whether the consi<strong>de</strong>ration forsuch repurchase <strong>is</strong> cash, securities or otherw<strong>is</strong>e, other than in respect of a re<strong>de</strong>mption of FundInterests initiated by an investor in such Fund Interests that <strong>is</strong> cons<strong>is</strong>t<strong>en</strong>t with the FundDocum<strong>en</strong>ts;(xxix) any other ev<strong>en</strong>t that the Calculation Ag<strong>en</strong>t <strong>de</strong>termines may have a diluting or conc<strong>en</strong>trativeeffect on the theoretical value of the rele<strong>van</strong>t Fund Interest Units or amount of Fund Interest(all of (xxv) to (xxix) shall be termed “Pot<strong>en</strong>tial Adjustm<strong>en</strong>t Ev<strong>en</strong>ts”);(xxx) any ev<strong>en</strong>t or circumstance (whether or not in accordance with the constitutive docum<strong>en</strong>ts andinvestm<strong>en</strong>t gui<strong>de</strong>lines of the Refer<strong>en</strong>ce Fund) in respect of the Refer<strong>en</strong>ce Fund whichmandatorily obliges a Hypothetical Investor to sell or otherw<strong>is</strong>e d<strong>is</strong>pose of any Fund Interests(a “Compulsory D<strong>is</strong>posal Ev<strong>en</strong>t”);(xxxi) the curr<strong>en</strong>cy of <strong>de</strong>nomination of the Fund Interests <strong>is</strong> am<strong>en</strong><strong>de</strong>d and/or the net asset value ofthe Fund Interests <strong>is</strong> no longer calculated in the curr<strong>en</strong>cy that applied wh<strong>en</strong> the same firstbecame invested in (whether directly or indirectly) by the Issuer (a “Curr<strong>en</strong>cy Change”);(xxxii) any gate, susp<strong>en</strong>sion, or si<strong>de</strong> pocketing imposed on Fund Interests by the Refer<strong>en</strong>ce Fund orany impairm<strong>en</strong>t to the actual or docum<strong>en</strong>ted liqui<strong>dit</strong>y terms of (i) the Fund Interests or (ii) anyother similar fund managed by the same manager as manages the Refer<strong>en</strong>ce Fund, as<strong>de</strong>termined in the sole and absolute d<strong>is</strong>cretion of the Calculation Ag<strong>en</strong>t (a “Liqui<strong>dit</strong>yImpairm<strong>en</strong>t”);(xxxiii) significant market, trading or exchange d<strong>is</strong>ruption and/or cr<strong>is</strong><strong>is</strong> in the major financial markets(a “G<strong>en</strong>eral D<strong>is</strong>ruption”); and/or(xxxiv) any other ev<strong>en</strong>t specified in the rele<strong>van</strong>t Final Terms as a Trigger Ev<strong>en</strong>t (“Ad<strong>dit</strong>ionalTrigger Ev<strong>en</strong>ts”).Following the occurr<strong>en</strong>ce of a Trigger Ev<strong>en</strong>t (and regardless of whether or not such ev<strong>en</strong>t <strong>is</strong> th<strong>en</strong>continuing) in respect of a Refer<strong>en</strong>ce Fund (such Refer<strong>en</strong>ce Fund being the “Affected Refer<strong>en</strong>ceFund”), its Fund Adv<strong>is</strong>er or any of its Fund Service Provi<strong>de</strong>rs, the Calculation Ag<strong>en</strong>t may, in its soleand absolute d<strong>is</strong>cretion, take one or more of the following actions (each a “Permitted Action”):167

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!