Può essere interessante confrontare il passaggio più critico relativo alla possibilità di variare il prospetto senza l'autorizzazione dell'assemblea degli obbligazionisti.
Quelli citati qui sotto sono tratti dai prospetti base che riguardano, tra le altre, le obbligazioni T2.
Così si esprime Intesa:
The Trustee may agree, without the consent of the Noteholders or Couponholders, to any modification (except as aforesaid) of these Conditions, the Trust Deed, the Notes, and the Coupons and may waive or authorise any breach or proposed breach by the Issuer or, where applicable, the Guarantor of any of the provisions of these Conditions, the Trust Deed, the Notes, and the Coupons which, in the opinion of the Trustee, is not materially prejudicial to the interests of the Noteholders and may agree, without consent as aforesaid, to any modification which is of a formal, minor or technical nature or is made to correct a manifest error.
Così Unicredit:
The Trustee may agree, without the consent of the Noteholders, Receiptholders or Couponholders, to:
(a) any modification of the Notes, the Receipts, the Coupons, these Conditions or the Trust Deed or any waiver or authorisation of any breach or proposed breach of, any of the provisions of the Notes or the Trust Deed, or determine, without any such consent as aforesaid, that any Event of Default or potential Event of Default shall not be treated as such, where, in any such case, it is not, in the opinion of the Trustee, materially prejudicial to the interests of the Noteholders so to do; or
(b) any modification of the Notes, the Receipts, the Coupons, these Conditions or the Trust Deed which is of a formal, minor or technical nature or is made to correct a manifest error or to comply with mandatory provisions of the law.
Cambiano un po' le parole, ma la sostanza mi sembra la stessa.
Ribadisco che in futuro dovremmo abituarci a leggere questa "condition" del prospetto, dopo averla ignorata per anni.