IIG Prospectus - London Stock Exchange

(c)where such withholding or deduction is imposed on a payment to an individual and isrequired to be made pursuant to the European Council Directive 2003/48/EC on thetaxation of savings income or any law implementing or complying with, or introduced inorder to conform to, such Directive; or(d) presented for payment (where presentation is required) by or on behalf of aCertificateholder who would be able to avoid such withholding or deduction bypresenting the relevant Certificate to another Paying and Exchange Agent in a MemberState of the European Union.12. PrescriptionClaims in respect of amounts due in respect of the Certificates will become void unless madewithin periods of 10 years (in the case of any Relevant Redemption Amount) and five years(in the case of Periodic Distribution Amounts) from the Relevant Date in respect of theCertificates, subject to the provisions of Condition 9 (Payment).13. Dissolution EventsThe occurrence of any of the following events shall constitute a ‘‘Dissolution Event’’:(a) a default is made in the payment of any Periodic Distribution Amount for a period of 3Business Days or more or the Relevant Redemption Amount on the date fixed forpayment thereof, or Shares are not issued on the date fixed for delivery thereof; or(b)(c)(d)(e)(f)(g)the Issuer defaults in the performance or observance of any of its other obligationsunder or in respect of the Declaration of Trust and (except in any case where the failureis incapable of remedy) such default remains unremedied for 30 days after writtennotice thereof, addressed to the Issuer by the Delegate, has been delivered to the Issuer;oran Event of Default occurs under the Purchase Undertaking; orat any time it is or will become unlawful for the Issuer to perform or comply with anyof its obligations under the Transaction Documents to which it is a party or any of theobligations of the Issuer under the Transaction Documents to which it is a party are not,or cease to be, legal, valid, binding and enforceable; oreither (i) the Issuer becomes insolvent or is unable to pay its debts as they fall due; (ii)an administrator or liquidator of the whole or substantially the whole of the undertaking,assets and revenues of the Issuer is appointed (or application for any such appointmentis made); (iii) the Issuer takes any action for a readjustment or deferment of any of itsobligations or makes a general assignment or an arrangement or composition with orfor the benefit of its creditors or declares a moratorium in respect of any of itsindebtedness or any guarantee of any indebtedness given by it; (iv) the Issuer ceases orthreatens to cease to carry on all or substantially the whole of its business (otherwisethan for the purposes of or pursuant to an amalgamation, reorganisation orrestructuring whilst solvent); oran order or decree is made or an effective resolution is passed for the winding up,liquidation or dissolution of the Issuer; orany event occurs which under the laws of the Cayman Islands has an analogous effect toany of the events referred to in paragraphs (e) and (f) above.Upon the occurrence of a Dissolution Event, the Issuer shall give notice of the occurrence ofsuch Dissolution Event to the Delegate and the Certificateholders in accordance with Condition16 (Notices) with a request to such Certificateholders to indicate if they wish the Trust to bedissolved.Upon the occurrence of a Dissolution Event following the issuance of a notice pursuant to thepreceding paragraph, the Trustee in its sole discretion may, and if so requested in writing bythe holders of at least 25 per cent. in aggregate face amount of such Certificates thenoutstanding, or if so directed by an Extraordinary Resolution of the holders of the Certificatesshall (subject in each case to being indemnified and/or secured to its satisfaction) give noticeto all the holders of such Certificates in accordance with Condition 16 (Notices) that theCertificates are immediately due and payable at the Relevant Redemption Amount (together54