Emaar Sukuk Ltd XS0586840588 - London Stock Exchange

c103695pu030 Proof 7: 17.1.11 B/L Revision:opinion of Emaar suitable for the purpose) informs the Calculation Agent it is quoting toleading banks in the London inter-bank market (if the Reference Rate is LIBOR) or theEuro-zone inter-bank market (if the Reference Rate is EURIBOR) plus or minus (asappropriate) the Margin (if any), provided that, if the Rate for such Return AccumulationPeriod cannot be determined in accordance with the foregoing provisions of thisparagraph, the Rate for such Return Accumulation Period shall be determined as at thelast preceding Periodic Distribution Determination Date (though substituting, where adifferent Margin is to be applied to the relevant Return Accumulation Period from thatwhich applied to the last preceding Return Accumulation Period, the Margin relating tothe relevant Return Accumulation Period in place of the Margin relating to that lastpreceding Return Accumulation Period).(d)If the Reference Rate from time to time is specified in the applicable Final Terms as beingother than LIBOR or EURIBOR, the Rate in respect of the relevant Trust Certificates willbe determined as provided in the applicable Final Terms.8.4 Cessation of Profit EntitlementNo further amounts will be payable on any Trust Certificate from and including the MaturityDate or, as the case may be, the Dissolution Date, unless default is made in the payment of theDissolution Amount in which case Periodic Distribution Amounts will continue to accrue inrespect of the Trust Certificates in the manner provided in this Condition.8.5 Calculation of Periodic Distribution AmountThe Calculation Agent will, as soon as practicable after the time at which the Rate is to bedetermined in relation to each Return Accumulation Period, calculate the Periodic DistributionAmount payable in respect of each Trust Certificate for such Return Accumulation Period. ThePeriodic Distribution Amount will be calculated by applying the Rate applicable to the relevantReturn Accumulation Period to the face amount (in the case of a Trust Certificate in globalform) or Specified Denomination (in the case of a Trust Certificate in definitive form) of suchTrust Certificate during such Return Accumulation Period, multiplying the product by therelevant Day Count Fraction and rounding the resultant figure to the nearest sub-unit of theSpecified Currency (half a sub-unit being rounded upwards).Day Count Fraction means, in respect of the calculation of a Periodic Distribution Amount inaccordance with this Condition 8:(a)(b)(c)(d)(e)if ‘‘Actual/Actual (ISDA)’’ or ‘‘Actual/Actual’’ is specified in the applicable Final Terms,the actual number of days in the Return Accumulation Period divided by 365 (or, if anyportion of that Return Accumulation Period falls in a leap year, the sum of (A) the actualnumber of days in that portion of the Return Accumulation Period falling in a leap yeardivided by 366 and (B) the actual number of days in that portion of the ReturnAccumulation Period falling in a non-leap year divided by 365);if ‘‘Actual/365 (Fixed)’’ is specified in the applicable Final Terms, the actual number ofdays in the Return Accumulation Period divided by 365;if ‘‘Actual/365 (Sterling)’’ is specified in the applicable Final Terms, the actual number ofdays in the Return Accumulation Period divided by 365 or, in the case of a PeriodicDistribution Date falling in a leap year, 366;if ‘‘Actual/360’’ is specified in the applicable Final Terms, the actual number of days in theReturn Accumulation Period divided by 360;if ‘‘30/360’’ ‘‘360/360’’ or ‘‘Bond Basis’’ is specified in the applicable Final Terms, thenumber of days in the Return Accumulation Period divided by 360, calculated on aformula basis as follows:Day Count Fraction = [360 6 (Y 2 –Y 1 )] + [30 6 (M 2 –M 1 )] + (D 2 –D 1 )360where:‘‘Y 1 ’’ is the year, expressed as a number, in which the first day of the ReturnAccumulation Period falls;59