European Currency Units definition

European Currency Units has the meaning assigned to it from time to time by the Council of the European Communities.
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European Currency Units has the meaning assigned to it from time to time by the Council of the European Communities, or its successor in the European Union.
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European Currency Units means the composite currency unit designated as such by the European Community.
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Examples of European Currency Units in a sentence

  • In U.S. dollars or the equivalent thereof denominated in one or more foreign currencies or units of two or more foreign currencies or composite currencies (such as European Currency Units).

  • Also included between July 1979 and December 1998 are European Currency Units (ECUs) acquired from swaps with the European Monetary Cooperation Fund (EMCF), European Monetary Institute (EMI) and the European Central Bank (ECB).

  • The value of 450,000 (1995 European Currency Units or ECU)54 was based on a U.S. COI study that included indirect costs of illness in the form of lost wages.55 Converting to 1999$, we obtain a value of $590,000.

  • When the euro arrived, although its share approximately equaled the sum of the shares of the mark, French franc and guilder the year before EMU, it was less than what one would get by adding in the share of ECUs (European Currency Units).

  • These export flows were retrieved in value terms in thousands of European Currency Units (ECUs) and in metric tonnes at the 3-digit NACE-CLIO sector level and at the 6-digit NIMEXE product level from 1976 through to 1994.

  • The import tax was expressed in European Currency Units (ECUs), which was a basket of European currencies used as a unit of account before the euro was introduced in 1999.

  • The EC budget for RTD activities has grown steadily from 3.7 billion European Currency Units (ECU) in the First FP(1984–87) to an estimated 15 billion ECU for the Fifth FP (1998–2002).

  • For the purposes of calculating the principal amount of Securities of any series denominated in a Foreign Currency or in units of two or more Foreign Currencies (including European Currency Units) for any purpose under this Indenture, the principal amount of such Securities at any time Outstanding shall be deemed to be the Dollar Equivalent of such principal amount as of the date of any such calculation.

  • This was later clarified as a tax, split 50 : 50 on the energy and carbon com- ponents, starting in 1993 at 0.21 ECU/GJ (European Currency Units per gigajoule) plus 2.81 ECU/tCO2, and rising by a third of this starting amount annually to a level of 0.7 ECU/GJ plus 9.4 ECU/tCO2 in the year 2000.

  • At April 30, 2000, we had $54,605 of outstanding foreign exchange contracts in British Pounds, Swiss Francs and European Currency Units.

Related to European Currency Units

  • National Currency Unit means the unit of the currency of a country as those units are defined on the day before the start of the third stage of European Economic and Monetary Union pursuant to the Treaty or, in connection with the expansion of such third stage, to any country which has not initially participated in such third stage; and

  • Composite Currency Unit means the Euro or any other composite currency unit consisting of the aggregate of specified amounts of specified currencies, as such unit may be constituted from time to time.

  • Dollar Equivalent of the Currency Unit shall be determined by the Exchange Rate Agent and subject to the provisions of paragraph (h) below shall be the sum of each amount obtained by converting the Specified Amount of each Component Currency into Dollars at the Market Exchange Rate for such Component Currency on the Valuation Date with respect to each payment.

  • Currency means Dollars or any Foreign Currency.

  • Denomination Currency has the meaning specified in Section 14(b).

  • Foreign Currency means any currency or currency unit issued by a government other than the government of the United States of America.

  • Index Currency means USD.

  • Agreed Foreign Currency means, at any time, any of CAD, GBP, EUR, AUD, JPY, CHF, SEK and NZD, and, with the agreement of each Multicurrency Lender and Multicurrency Issuing Bank, any other Foreign Currency, so long as, in respect of any such specified Foreign Currency or other Foreign Currency, at such time (a) such Foreign Currency is dealt with in the relevant local market for obtaining quotations, and (b) no central bank or other governmental authorization in the country of issue of such Foreign Currency (including, in the case of the Euro, any authorization by the European Central Bank) is required to permit use of such Foreign Currency by any Multicurrency Lender for making any Revolving Loan hereunder or to permit any Issuing Bank to issue (or to make payment under) any Letter of Credit denominated in such Foreign Currency and/or to permit the Borrower to borrow and repay the principal thereof and to pay the interest thereon (or to repay any LC Disbursement under a Letter of Credit denominated in such Foreign Currency), unless such authorization has been obtained and is in full force and effect.

  • European Communities means the European Economic Community, the European Coal and Steel Community and the European Atomic Energy Community.

  • National Currency means the currency, other than the Euro, of a Participating Member State.

  • European Community means the territory comprised by the Member States of the European Community as constituted from time to time;

  • Quote Currency means the second currency in the Currency Pair which can be bought or sold by the Client for the Base Currency.

  • Class Currency means the currency in which a Share Class of a Fund is designated as determined by the Directors and disclosed in the Prospectus in relation to such Fund.

  • First Currency has the meaning specified in Section 1.15.

  • Termination Currency means United States Dollars.

  • Domestic Currency means the currency specified as such and any successor currency. If no currency is so specified, the Domestic Currency shall be the lawful currency and any successor currency of (i) the relevant Reference Entity, if the Reference Entity is a Sovereign, or (ii) the jurisdiction in which the relevant Reference Entity is organised, if the Reference Entity is not a Sovereign. In no event shall Domestic Currency include any successor currency if such successor currency is the lawful currency of any of Canada, Japan, Switzerland, the United Kingdom or the United States of America or the euro (or any successor currency to any such currency).

  • European Commission means the authority within the European Union that has the legal authority to grant Regulatory Approvals in the European Union based on input received from the EMA or other competent Regulatory Authorities.

  • Designated Foreign Currency means Euros, British pounds, Japanese yen or any other currency (other than Dollars and Canadian Dollars) approved in writing by each of the Lenders and that is freely traded and exchangeable into Dollars.

  • Issue Currency or "SEK" means Swedish Krona. "Launch Date" means 04 March 2022.

  • LIBOR Currency means the currency specified on the face hereof as to which LIBOR shall be calculated or, if no currency is specified on the face hereof, United States dollars. “LIBOR Page”

  • Currencies means the collective reference to Dollars and Available Foreign Currencies.

  • Eligible Currency means any lawful currency other than Dollars that is readily available, freely transferable and convertible into Dollars in the international interbank market available to the Lenders in such market and as to which a Dollar Equivalent may be readily calculated. If, after the designation by the Lenders of any currency as an Alternative Currency, any change in currency controls or exchange regulations or any change in the national or international financial, political or economic conditions are imposed in the country in which such currency is issued, result in, in the reasonable opinion of the Required Lenders (in the case of any Loans to be denominated in an Alternative Currency), (a) such currency no longer being readily available, freely transferable and convertible into Dollars, (b) a Dollar Equivalent is no longer readily calculable with respect to such currency, (c) providing such currency is impracticable for the Lenders or (d) no longer a currency in which the Required Lenders are willing to make such Credit Extensions (each of clauses (a), (b), (c), and (d), a “Disqualifying Event”), then the Administrative Agent shall promptly notify the Lenders and the Company, and such country’s currency shall no longer be an Alternative Currency until such time as the Disqualifying Event(s) no longer exist. Within, five (5) Business Days after receipt of such notice from the Administrative Agent, the Borrowers shall repay all Loans in such currency to which the Disqualifying Event applies or convert such Loans into the Dollar Equivalent of Loans in Dollars, subject to the other terms contained herein.

  • Applicable Currency means, as to any particular payment or Loan, Dollars or the Offshore Currency in which it is denominated or is payable.

  • Fiat Currency means a currency issued by a country's government or central bank.

  • Foreign Currencies means Agreed Currencies other than Dollars.

  • Obligation Currency shall have the meaning assigned to such term in Section 11.18(a).