NIG Prospectus - London Stock Exchange

Level: 8 – From: 8 – Thursday, August 9, 2007 – 2:18 pm – mac5 – 3776 Section 05 : 3776 Section 05Relevant Jurisdiction means the Cayman Islands and Kuwait or, in either case, any politicalsubdivision or authority thereof or therein having the power to tax;Relevant Screen Page means the page, section or other part of a particular informationservice (including, without limitation, the Reuter Money 3000 Service) specified as theRelevant Screen Page in the applicable Final Terms, or such other page, section or other partas may replace it on that information service or such other information service, in each case,as may be nominated by the Person providing or sponsoring the information appearing therefor the purpose of displaying rates or prices comparable to the Reference Rate;Return Accumulation Period means the period from (and including) a Periodic DistributionDate (or the Return Accumulation Commencement Date) to (but excluding) the next (or first)Periodic Distribution Date;Stock Exchange means, in relation to the Trust Certificates, the stock exchange orexchanges (if any) on which the Trust Certificates are for the time being quoted or listed;Subsidiary means, in relation to any Person (the first Person) at any particular time, anyother Person (the second Person):(a)(b)whose affairs and policies the first Person controls or has the power to control,whether by ownership of share capital, contract, the power to appoint or removemembers of the governing body of the second Person or otherwise; orwhose financial statements are, in accordance with applicable law and generallyaccepted accounting principles, consolidated with those of the first Person;TARGET Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System (the TARGET System) is open;Taxes means any taxes, levies, imposts, duties, fees, assessments or other charges ofwhatever nature imposed or levied by or on behalf of any Relevant Jurisdiction, and allinterest, penalties or similar liabilities with respect thereto;Transaction Account means the account in the Issuer’s name, details of which arespecified in the applicable Final Terms;Transaction Documents means the Mudarabah Agreement, the Purchase Undertaking, theSale Undertaking, the Trust Deed, the Costs Undertaking, the Agency Agreement, theCorporate Services Agreement, the Programme Agreement, any Subscription Agreement(as defined in the Programme Agreement) and any Sale Agreement;Treaty means the Treaty establishing the European Communities, as amended; andTrust Assets means the assets, rights and/or cash described in Condition 5.1.1.2 InterpretationIn these Conditions:(a)(b)any reference to face amount shall be deemed to include the Dissolution Amount, anyadditional amounts (other than relating to Periodic Distribution Amounts) which maybe payable under Condition 12, and any other amount in the nature of face amountspayable pursuant to these Conditions;any reference to Periodic Distribution Amounts shall be deemed to include anyadditional amounts in respect of profit distributions which may be payable underCondition 12 and any other amount in the nature of a profit distribution payablepursuant to these Conditions;36