ECONOMIC AND MONETARY UNION. If the United Kingdom becomes a Participating Member State and as a result the Bank of England recognises more than one currency or currency unit as the lawful currency of the United Kingdom:
ECONOMIC AND MONETARY UNION. If the United Kingdom becomes a participating member state with respect to the Euro, then:
ECONOMIC AND MONETARY UNION. 27.1 Alternative Currencies during Transition Period On and from the date on which the United Kingdom becomes a Participating Member State, if and to the extent that any EMU Legislation provides that an amount denominated either in the euro or in sterling and payable within that Participating Member State by crediting an account of the creditor can be paid by the debtor either in the euro unit or in sterling, the Borrower shall be entitled to pay or repay any such amount payable hereunder either in the euro unit or in sterling.
ECONOMIC AND MONETARY UNION. Article Four.
ECONOMIC AND MONETARY UNION. If, during the duration of this Agreement, the United Kingdom becomes a Participating Member State and, as a result, the Bank of England recognises the euro as the lawful currency of the United Kingdom, then:
ECONOMIC AND MONETARY UNION. 84.1 Without prejudice to Article 3 of Regulation (EC) No 103\97 of 17th June 1997 of the Council of Members of the European Union, the introduction of the euro shall not, of itself:
ECONOMIC AND MONETARY UNION. If Sterling is, or is to be, replaced by the euro, the Company may notify the Noteholders of any amendments to this Instrument which the Company considers necessary to reflect that replacement and to put the Noteholders in the same position, so far as possible, that they would have been in if no such replacement had occurred. Upon such notification, this Instrument shall be deemed to be amended in accordance with such notification.
ECONOMIC AND MONETARY UNION. The parties confirm that the occurrence or non-occurrence of an EMU Event will not of itself (a) result in any full or partial discharge (whether by frustration or otherwise), cancellation, rescission, or termination of this Agreement, (b) entitle any party unilaterally to fully or partially cancel, rescind, terminate, or vary this Agreement, or (c) result in a Default or Event of Default.
ECONOMIC AND MONETARY UNION. 33.1 COMING INTO EFFECT OF PROVISIONS Clause 33.2 (Redenomination and alternative currencies) to Clause 33.8 (Rounding and other consequential changes) (inclusive) shall come into effect on the Commencement Date PROVIDED THAT, if and to the extent that any such Clause relates to any state (or the currency of such state) which shall not be a participating member state on the Commencement Date, such Clause shall come into effect in relation to such state (and the currency of such state) on and from the date on which such state becomes a participating member state.
ECONOMIC AND MONETARY UNION. 45 25. Costs.................................................................46 Part 3 Governing Law Provisions.......................................47
