Euro Unit definition

Euro Unit means the currency unit of the Euro.

Euro Unit means the currency unit of the euro;

Euro Unit the currency unit of the euro as defined in the EMU Legislation.

Examples of Euro Unit in a sentence

• Without prejudice and in addition to any method of conversion or rounding prescribed by the EMU Legislation, each reference in this Agreement to a minimum amount (or a multiple thereof) in a National Currency Unit to be paid to or by the Administrative Agent shall be replaced by a reference to such reasonably comparable and convenient amount (or a multiple thereof) in the Euro Unit as the Administrative Agent may from time to time specify.

• If and to the extent that any EMU Legislation provides that an amount denominated either in the Euro or in the National Currency Unit of a Participating Member State and payable within the Participating Member State by crediting an account of the creditor can be paid by the debtor either in the Euro Unit or in that National Currency Unit, any party to this Agreement shall be entitled to pay such amount either in the Euro Unit or in such National Currency Unit.

• Any Loan in the currency of a state that becomes a Participating Member State after the date hereof shall be made in the Euro Unit after the date on which such state becomes a Participating Member State.

• Clause 8.2 (Payments by the Banks or Obligors) shall be construed so that, in relation to the payment of any sum denominated in the Euro or in a national currency unit, such sum shall be made available to the Facility Agent by payment in the Euro Unit or, as the case may be, such national currency unit and in immediately available, freely transferable, cleared funds to the account notified by it under clause 8.2(a)(ii).

• Any Alternate Currency Loan in the currency of a Participating Member State shall be made in the Euro Unit, provided that any Alternate Currency Loan may, if so requested by the Borrower, be made in the National Currency Unit (based upon fixed exchange rate) of any Participating Member State so long as such National Currency Unit continues to be available as legal tender, is freely convertible and is not subject to exchange controls.

More Definitions of Euro Unit

Euro Unit means the currency unit as referred to in the second sentence of Article 2;

Euro Unit means the currency unit of the euro as defined in the EMU Legislation.

Euro Unit means the unit of the single currency as defined in the Council Regulation on the introduction of the euro which will enter into force at the starting date of the third stage of EMU.

Euro Unit means a unit of the EURO as defined in EMU legislation.

Euro Unit means the currency unit of the Euro. “Eurocurrency Rate” means:

Euro Unit means shall mean the unit of currency denominated in Euros.

Euro Unit. NATIONAL CURRENCY UNIT" and "TRANSITIONAL PERIOD" have the meaning given to those terms in the European Council Regulation on the legal framework for the introduction of the euro which is expected to come into force 1 January 1999;