Participating Member State definition

Participating Member State means any member state of the European Union that has the Euro as its lawful currency in accordance with legislation of the European Union relating to Economic and Monetary Union.

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Participating Member State means each state so described in any EMU Legislation.

Participating Member State means a Member State of the European Communities which adopts the euro as its lawful currency in accordance with the Treaty;

Examples of Participating Member State in a sentence

The Additional Cost Rate for any Lender lending from a Facility Office in a Participating Member State will be the percentage notified by that Lender to the Agent.
The Additional Cost Rate for any Lender lending from a Lending Office in a Participating Member State will be the percentage notified by that Lender to the Administrative Agent.
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.
Each obligation under this Agreement of a party to this Agreement which has been denominated in the National Currency Unit of a Subsequent Participant shall be redenominated into the Euro in accordance with EMU Legislation immediately upon such Subsequent Participant becoming a Participating Member State (but otherwise in accordance with EMU Legislation).
Each provision of this Agreement shall be subject to such reasonable changes of construction as the Administrative Agent may from time to time specify to be appropriate to reflect the adoption of the Euro in any Participating Member State and any relevant market conventions or practices relating to the Euro.

More Definitions of Participating Member State

Participating Member State means a member state of the European Communities that adopts or has adopted the euro as its lawful currency under the legislation of the European Community for Economic Monetary Union. Party means a party to this Agreement.

Participating Member State means a member of the European Communities that adopts or has adopted the Euro as its currency in accordance with EMU Legislation.

Participating Member State means any member state of the EMU which has the Euro as its lawful currency.

Participating Member State means any of the member states of the European Union that have adopted and continue to retain a common single currency through monetary union in accordance with European Union treaty law (as amended from time to time).

Participating Member State means each state, so described in any European Monetary Union legislation, which was a participating member state on December 31, 2003.

Participating Member State means any member state of the European Union that adopts or has adopted, and has not replaced, the Euro as its lawful currency.

Participating Member State means each state so described in any EMU Legislation. “PBGC” means the Pension Benefit Guaranty Corporation.