Common use of Redenomination and Alternative Currencies Clause in Contracts

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 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 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.

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, 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 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.

Redenomination and Alternative Currencies. Each obligation of any party 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 legislationat the fixed exchange rate, provided, that if and to the extent that any EMU legislation provides that following the commencement beginning of the third stage of EMU an amount denominated either in the euro unit or in the national currency unit of a participating member state and payable within that participating the member state by crediting an account of the a creditor can be paid by the a debtor either in the euro unit or in the 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. Each obligation under this Agreement of a party to this Agreement which has been denominated in the national currency unit National Currency of a participating member state Participating Member State shall be redenominated into the euro unit in Euros in accordance with EMU legislationLegislation; provided that, provided, that if and to the extent that any EMU legislation Legislation provides that following the commencement of the third stage of EMU Amendment Effective Date an amount denominated either in the euro Euros or in the national currency unit National Currency of a participating member state Participating Member State and payable within that participating member state the Participating Member State by crediting an account of the creditor can be paid by the debtor either in the euro unit Euros or in the national currency unitsuch National Currency, each any party to this Agreement shall be entitled to pay or repay any such amount either in the euro unit Euros or in such national currency unitNational 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 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 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.

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, 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 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.

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 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.

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 Participating Member State shall be redenominated into the euro unit Euro Unit in accordance with EMU legislation, providedprovided that, that if and to the extent that any EMU legislation provides that following the commencement of the third stage of EMU 1 January 1999 an amount denominated either in the euro Euro or in the national currency unit of a participating member state Participating Member State and payable within that participating member state Participating Member State by crediting an account of the creditor can be paid by the debtor either in the euro unit Euro Unit or in the that national currency unit, each party to this Agreement shall be entitled to pay or repay any such amount either in the euro unit 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 National Currency Unit of a participating member state Participating Member State shall be redenominated into the euro unit Euro Unit in accordance with EMU legislationLegislation, provided, that if and to the extent that any EMU legislation Legislation provides that following the commencement Commencement of the third stage Third Stage of EMU an amount denominated either in the euro Euro or in the national currency unit National Currency Unit of a participating member state Participating Member State and payable within that participating member state the Participating Member State by crediting an account of the creditor can be paid by the debtor either in the euro unit Euro Unit or in the national currency unitthat National Currency Unit, each any party to this Agreement shall be entitled to pay or repay any such amount either in the euro unit Euro Unit or in such national currency unitNational 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 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 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.

Redenomination and Alternative Currencies. Each obligation under this Agreement of a party to this Agreement which has been denominated in the national currency unit National Currency Unit of a participating member state Participating Member State shall be redenominated into the euro unit Euro Unit in accordance with EMU legislationLegislation, provided, that if and to the extent that any EMU legislation Legislation provides that following the commencement of the third stage of EMU an amount denominated either in the euro Euro or in the national currency unit National Currency Unit of a participating member state Participating Member State and payable within that participating member state the Participating Member State by crediting an account of the creditor can be paid by the debtor either in the euro unit Euro Unit or in the national currency unitthat National Currency Unit, each any party to this Agreement shall be entitled to pay or repay any such amount either in the euro unit Euro Unit or in such national currency unitNational 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 or a participating member state shall be redenominated Redenominated into the euro unit in accordance with the EMU legislation, providedPROVIDED, 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 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.

Redenomination and Alternative Currencies. Each obligation under ----------------------------------------- this Agreement of a party to this Agreement which has been denominated in the national currency unit National Currency of a participating member state Participating Member State shall be redenominated into the euro unit in Euros in accordance with EMU legislationLegislation; provided that, provided, that if and to the extent -------- that any EMU legislation Legislation provides that following the commencement of the third stage of EMU Effective Date an amount denominated either in the euro Euros or in the national currency unit National Currency of a participating member state Participating Member State and payable within that participating member state the Participating Member State by crediting an account of the creditor can be paid by the debtor either in the euro unit Euros or in the national currency unitsuch National Currency, each any party to this Agreement shall be entitled to pay or repay any such amount either in the euro unit Euros or in such national currency unitNational 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 National Currency Unit of a participating member state Participating Member State shall be redenominated into the euro unit Euro Unit in accordance with EMU legislationLegislation, provided, -------- that if and to the extent that any EMU legislation Legislation provides that following the commencement Commencement of the third stage Third Stage of EMU an amount denominated either in the euro Euro Unit or in the national currency unit National Currency Unit of a participating member state Participating Member State and payable within that participating member state Participating Member State by crediting an account of the creditor can be paid by the debtor either in the euro unit Euro Unit or in the national currency unitthat National Currency Unit, each party to this Agreement shall be entitled to pay or repay any such amount either in the euro unit Euro Unit or in such national currency unitNational 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 National Currency of a participating member state Participating Member State shall be redenominated into the euro unit in Euros in accordance with EMU legislationLegislation; provided that, provided, that if and to the extent that any EMU legislation Legislation provides that following the commencement of the third stage of EMU date hereof an amount denominated either in the euro Euros or in the national currency unit National Currency of a participating member state Participating Member State and payable within that participating member state the Participating Member State by crediting an account of the creditor can be paid by the debtor either in the euro unit Euros or in the national currency unitsuch National Currency, each any party to this Agreement shall be entitled to pay or repay any such amount either in the euro unit Euros or in such national currency unitNational 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 participating member state Participating Member State shall be redenominated into the euro unit in accordance with EMU legislationLegislation, providedprovided that, that if and to the extent that any EMU legislation Legislation provides that following the commencement of the third stage of EMU 1 January 1999 an amount denominated either in the euro or in the national currency unit of a participating member state Participating Member State and payable within that participating member state Participating Member State by crediting an account of the creditor can be paid by the debtor either in the euro unit or in the 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.

Redenomination and Alternative Currencies. Each obligation under this Agreement of a party to this Agreement which has been denominated in the national currency unit National Currency Unit of a participating member state Participating Member State shall be denominated, or redenominated into into, the euro unit Euro Unit in accordance with EMU legislationLegislation, provided, provided that if and to the extent that any EMU legislation Legislation provides that following the commencement of the third stage of EMU an amount denominated either in the euro Euro or in the national currency unit National Currency Unit of a participating member state Participating Member State and payable within that participating member state the Participating Member State by crediting an account of the creditor can be paid by the debtor either in the euro unit Euro Unit or in the national currency unitthat National Currency Unit, each any party to this Agreement shall be entitled to pay or repay any such amount either in the euro unit Euro Unit or in such national currency unitNational Currency Unit.

Redenomination and Alternative Currencies. Each obligation 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 however, 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 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.

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 legislationlegislation PROVIDED THAT, 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 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.

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, providedprovided that, 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 unit 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 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.

Redenomination and Alternative Currencies. Each obligation under this Agreement of a party to this Agreement which has been denominated in the a national currency unit of a participating member state shall be redenominated into the euro unit in accordance with EMU legislation, provided, that . However if and to the extent that any EMU legislation provides that following the commencement of the third stage of EMU an amount (which is (a) denominated either in the euro or in the national currency unit of a participating member state and (b) payable within that participating member state by crediting an account of the creditor creditor) can be paid by the debtor either in the euro unit or in the 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.

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 the participating member state by crediting an account of the creditor can be paid by the debtor either in the euro unit or in the that national currency unit, each relevant 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 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 124 118 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 or a party to this Agreement which has been denominated in the a national currency unit of a participating member state shall be redenominated into the euro unit in accordance with EMU legislationlegislation provided that, 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 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.

Redenomination and Alternative Currencies. Each obligation under this Agreement of a party to this Agreement which has been denominated in the national currency unit National Currency Unit of a participating member state Participating Member State shall be redenominated into the euro unit Unit in accordance with EMU legislationLegislation, providedprovided that, that if and to ------------- the extent that any EMU legislation Legislation provides that following the commencement Commencement of the third stage Third Stage of EMU an amount denominated either in the euro or in the national currency unit National Currency Unit of a participating member state Participating Member State and payable within that participating member state Participating Member State by crediting an account of the creditor can be paid by the debtor either in the euro unit Unit or in the national currency unitthat National Currency Unit, each party to this Agreement shall be entitled to pay or repay any such amount either in the euro unit Unit or in such national currency unitNational Currency Unit.

Redenomination and Alternative Currencies. Each obligation under this Agreement of a party to this Agreement which has been denominated in the a national currency unit of a participating member state shall be redenominated into the euro unit in accordance with EMU legislationlegislation provided that, 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 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.

Redenomination and Alternative Currencies. Each obligation under this Agreement of a party to this Agreement which has been denominated in the a national currency unit of a participating member state shall be redenominated into the euro unit in accordance with EMU legislation. However, provided, that if and to the extent that any EMU legislation provides that following the commencement of the third stage of EMU an amount (which is (a) denominated either in the euro or in the national currency unit of a participating member state and (b) payable within that participating member state by crediting an account of the creditor creditor) can be paid by the debtor either in the euro unit or in the 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.

Redenomination and Alternative Currencies. Each obligation under ----------------------------------------- this Agreement of a party to this Agreement which has been denominated in the national currency unit National Currency Unit of a participating member state Participating Member State shall be redenominated into the euro unit Euro Unit in accordance with EMU legislationLegislation, provided, that if and to the extent that any EMU legislation Legislation provides that following the commencement Commencement of the third stage Third Stage of EMU an amount denominated either in the euro Euro Unit or in the national currency unit National Currency Unit of a participating member state Participating Member State and payable within that participating member state Participating Member State by crediting an account of the creditor can be paid by the debtor either in the euro unit Euro Unit or in the national currency unitthat National Currency Unit, each party to this Agreement shall be entitled to pay or repay any such amount either in the euro unit Euro Unit or in such national currency unitNational Currency Unit.

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 state) shall be redenominated into the euro unit in accordance with EMU legislation; provided, providedhowever, 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 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. Each obligation under this Agreement of a party to this Agreement which has been denominated in the a national currency unit of a participating member state shall be redenominated into the euro unit in accordance with EMU legislationlegislation provided that, 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 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.