NIG Prospectus - London Stock Exchange

Level: 8 – From: 8 – Thursday, August 9, 2007 – 2:18 pm – mac5 – 3776 Section 05 : 3776 Section 05Dissolution Date means, as the case may be, (a) following the occurrence of a DissolutionEvent (as defined in Condition 14), the date on which the Trust Certificates are dissolved inaccordance with the provisions of Condition 14, (b) the date on which the Trust Certificatesare dissolved in accordance with the provisions of Condition 11.2, or (c) the OptionalDissolution Date (Call);Extraordinary Resolution has the meaning given in Schedule 4 to the Master Trust Deed;Payment Business Day means:(a)(b)a day on which banks in the relevant place of surrender of the Certificate ofRegistration (as defined in Condition 2.2) are open for presentation and payment ofregistered securities and for dealings in foreign currencies; andin the case of payment by transfer to an account:(i)(ii)if the currency of payment is euro, a TARGET Settlement Day and a day onwhich dealings in foreign currencies may be carried on in each (if any) AdditionalFinancial Centre; orif the currency of payment is not euro, any day which is a day on which dealingsin foreign currencies may be carried on in the principal financial centre of thecurrency of payment and in each (if any) Additional Financial Centre;Periodic Distribution Amount means, in relation to a Trust Certificate and a ReturnAccumulation Period, the amount of profit distribution payable in respect of that TrustCertificate for that Return Accumulation Period which amount may be a Fixed Amount, aBroken Amount or an amount otherwise calculated in accordance with Condition 7 orCondition 8;Person means any individual, company, corporation, firm, partnership, joint venture,association, organisation, state or agency of a state or other entity, whether or not havingseparate legal personality;Rate means the rate or rates (expressed as a percentage per annum) representing a definedshare of the profits distributable by the Trustee in respect of the Trust Certificates specifiedin the applicable Final Terms or calculated or determined in accordance with the provisionsof these Conditions and/or the applicable Final Terms;Rating Agencies means the rating agencies, each of which has assigned a credit rating tothe Trust Certificates, and their successors, and each a Rating Agency;Record Date means, in the case of the payment of a Periodic Distribution Amount, the datefalling on the fifteenth day before the relevant Periodic Distribution Date and, in the case ofthe payment of a Dissolution Amount, the date falling two Payment Business Days beforethe Maturity Date or Dissolution Date, as the case may be, or other due date for paymentof the relevant Periodic Distribution Amount;Reference Banks means the principal London office of each of four major banks engaged inthe London or Eurozone inter-bank market selected by or on behalf of the Issuer, providedthat once a Reference Bank has first been selected by or on behalf of the Issuer, suchReference Bank shall not be changed unless it ceases to be capable of acting as such;Relevant Date means, in relation to any payment, whichever is the later of (a) the date onwhich the payment in question first becomes due and (b) if the full amount payable has notbeen received in the principal financial centre of the currency of payment by the PrincipalPaying Agent on or prior to such due date, the date on which the full amount has been soreceived;35