IIG Prospectus - London Stock Exchange

‘‘Current Market Price’’ means a price per Share equal to arithmetic average of the VWAP ofthe Shares for the 5 consecutive Trading Days prior to such date as determined by theCalculation Agent (in consultation with the Expert, if the Calculation Agent so requires).‘‘Custody Account’’ shall have the meaning given to such term in Condition 4.1 (Trust –Summary of the Trust).‘‘Day Count Fraction’’ means, in relation to a Return Accumulation Period or any other periodin respect of which a payment is due to be made, the number of days (such number of daysbeing calculated on the basis of a year of 360 days with 12 30-day months) in that period,divided by 360.‘‘Disruption Event’’ means an event beyond the control of the Issuer as a result of which anycentral securities depositary of the relevant Exchange cannot settle the book-entry transfer ofthe Shares on such date.‘‘Dissolution Event’’ shall have the meaning given to such term in Condition 13 (DissolutionEvents).‘‘Distribution’’ means, in respect of any Shares, any cash, property or other assets paid, madeor transferred by or on behalf of, or charged and provided for in the accounts of, the relevantissuer of or obligor under any such Shares to holders or owners of such Shares, including, butnot limited to, evidence of indebtedness, interest, dividends, income, benefits or other rightsderived from, and the granting for free of additional Shares or other property, assets orrights, subscription rights or put options against the issuer of or obligor under, any suchShares.‘‘Due Shares’’ has the meaning given to it in Condition 6.15.‘‘Early Closure’’ means, in respect of the Shares or any other publicly traded securities, theclosure on any Trading Day of the Exchange prior to its scheduled weekday closing timeunless such earlier closing time is announced by such Exchange at least one hour prior to theactual closing time for the regular trading session on such Exchange on such Trading Day.‘‘Early Redemption Date’’ has the meaning given to such term in Condition 13 (DissolutionEvents).‘‘Effective Date’’ has the meaning given to such term in Condition 6.16 (Adjustments toExchange Ratio).‘‘Event of Default’’ shall have the meaning given to such term in the Purchase Undertaking.‘‘Exchange’’ means the Kuwait Stock Exchange. For the purposes of these Conditions, exceptwhere the context otherwise requires, references to the Exchange shall, if the Shares or anyother relevant securities are not listed on the Kuwait Stock Exchange at the relevant time, beconstrued as references to such other Kuwaiti regulated stock exchange or to any otherregulated stock exchange on which the Shares or other relevant securities, as the case maybe, are primarily listed at such time, as notified to the Calculation Agent by the Issuer. Ifthere is more than one regulated stock exchange on which the Shares or other relevantsecurities, as the case may be, are primarily listed, the Calculation Agent shall select, followingnotification by the Issuer, as the Exchange the regulated stock exchange which has inaggregate the greater volume of Shares or other relevant securities, as the case may be,traded over the Trading Days over which the Redemption Reference Price or other relevantprice is calculated.‘‘Exchange Disruption’’ means, in respect of the Shares or any other publicly traded securities,any event (other than a Trading Disruption or an Early Closure) that disrupts or impairs theability of market participants in general to effect transactions in, or obtain market values for,the Shares or such securities, as the case may be, on the Exchange. The Calculation Agentshall determine whether an Exchange Disruption has taken place subject to and in accordancewith the Agency Agreement and, in any event, any such determination may be based solelyupon publicly available information or information provided to it by the Local ExchangeAgent or an Expert.‘‘Exchange Expenses’’ shall have the meaning given such term in Condition 6.1 (VoluntaryEarly Redemption).‘‘Exchange Price’’ means, on any day, an amount equal to U.S.$10,000 divided by theprevailing Exchange Ratio.60