Redenomination and Alternative Currencies. Each obligation under this Agreement of a party to this Agreement which has been denominated in the national currency unit of a participating member state shall be redenominated into the euro unit in accordance with EMU legislation, provided, that if and to the extent that any EMU legislation provides that following the commencement of the third stage of EMU an amount denominated either in the euro or in the national currency unit of a participating member state 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 the national currency unit, each party to this Agreement shall be entitled to pay or repay any such amount either in the euro unit or in such national currency unit.
Redenomination and Alternative Currencies. Each obligation under this Agreement of a party to this Agreement which has been denominated in the National Currency Unit of a Subsequent Participant state shall be redenominated into the euro unit in accordance with EMU Legislation immediately upon such Subsequent Participant becoming a Participating Member State (but otherwise in accordance with EMU Legislation).
Redenomination and Alternative Currencies. Each obligation under this Agreement of a party to this Agreement which has been denominated in the National Currency of a state that is not a Participating Member State on the date hereof shall, effective upon the date on which such state becomes a Participating Member State, be redenominated in Euros in accordance with EMU Legislation; provided that, if and to the extent that any EMU Legislation provides that an amount denominated either in Euros or in the National Currency 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 Euros or in such National Currency, any party to this Agreement shall be entitled to pay or repay any such amount either in Euros or in such National Currency.
Redenomination and Alternative Currencies. Each obligation under this Agreement which has been denominated in Sterling shall be redenominated into the euro unit in accordance with EMU legislation, provided, that if and to the extent that any EMU legislation provides that following the commencement of the third stage of EMU by the United Kingdom an amount denominated either in the Euro or in Sterling and payable within the United Kingdom by crediting an account of the creditor can be paid by the debtor either in the euro unit or in Sterling, each party to this Agreement shall be entitled to pay or repay any such amount either in the euro unit or in Sterling. Any Available Currency Borrowing that would otherwise be denominated in Sterling shall be made in the euro unit and except as provided in the forgoing sentence, any amount payable by the Administrative Agent to the Lenders under this Agreement shall be paid in the euro unit.
Redenomination and Alternative Currencies. Each obligation of any party under this Agreement which has been denominated in the national currency unit of a Participating Member State shall be automatically redenominated into the euro unit at the Fixed Exchange Rate on January 1, 2002 (the "Third Stage Cutoff Date") and shall thereafter be payable solely in euro; provided, that if and to the extent that any EMU Legislation provides that following the beginning of the Third Stage of EMU, and prior to the Third Stage Cutoff Date, an amount denominated either in the euro unit or in the national currency unit of a Participating Member State and payable within the Participating Member State by crediting an account of a creditor can be paid by a debtor either in the euro unit or in that national currency unit, each party to this Agreement shall be entitled to pay or repay any such amount either in the euro unit or in such national currency unit; provided, however, any amount paid in a national currency unit shall equal, at the Fixed Exchange Rate for that national currency unit, the required amount stated to be due in euro units.
Redenomination and Alternative Currencies. Any obligations under this Agreement which have been denominated in Sterling shall be redenominated into Euros in accordance with EMU legislation; provided that, if and to the extent that any EMU legislation provides that following the United Kingdom becoming a participating member state, an amount denominated either in Euros or in Sterling and payable within the United Kingdom by crediting an account of the creditor can be paid by the debtor either in Euros or in Sterling, the Company shall be entitled to pay or repay any such amount either in Euros or in Sterling.
Redenomination and Alternative Currencies. Each obligation (including each Obligation and Liability under this Agreement or any other Loan Document of a party to this Agreement or any other Loan Document which has been denominated in the national currency unit of a participating member state) shall be redenominated into the euro unit in accordance with EMU legislation; provided, however, that if and to the extent that any EMU legislation provides that following the commencement of the third stage of EMU an amount denominated either in euro or in the national currency unit of participating member state 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 that national currency unit, each party to this Agreement and each other Loan Document shall be entitled to pay or repay any such amount either in the euro unit or in such national currency unit.
Redenomination and Alternative Currencies. If and to the extent that any EMU legislation provides that following the beginning of the third stage of EMU an amount denominated either in the euro unit or in the national currency unit of a member state and payable within the member state by crediting an account of a creditor can be paid by a debtor either in the euro unit or in that national currency unit, each party to this Agreement shall be entitled, subject to clause (e) below, to pay or repay any such amount either in the euro unit or in such national currency unit; provided, however, any amount paid in a national currency unit shall equal, at the fixed exchange rate for that national currency unit, the required amount stated to be due in euro units.
Redenomination and Alternative Currencies. Each obligation under this Agreement which has been denominated in a national currency shall be redenominated into euros in accordance with EMU legislation. However, if and to the extent that any EMU legislation provides that an amount (which is (a) denominated either in euros or in the national currency of a participating member state and (b) payable within that participating member state by crediting an account of the creditor) can be paid by the debtor either in euros or in that national currency, each party to this Agreement shall be entitled to pay or repay any such amount either in euros or in such national currency.
Redenomination and Alternative Currencies. Each obligation under this Agreement of a party to this Agreement which has been denominated in the national currency unit of a Subsequent Participant state shall be redenominated into the euro unit in accordance
