Change in Currency. 11.5.1 If more than one currency or currency unit are at the same time recognised by the central bank of any country as the lawful currency of that country, then: (A) any reference in the Finance Documents to, and any obligations arising under the Finance Documents in, the currency of that country shall be translated into, or paid in, the currency or currency unit of that country designated by the Agent; and (B) any translation from one currency or currency unit to another shall be at the official rate of exchange recognised by the central bank for the conversion of that currency or currency unit into the other, rounded up or down by the Agent acting reasonably. 11.5.2 If any change in any currency of a country occurs, this Agreement will be amended to the extent the Agent specifies to be necessary to reflect the change in the currency and to put the Finance Parties in the same position, so far as possible, that they would have been in if no change in currency had occurred.
Appears in 3 contracts
Samples: Revolving Credit Facility (British American Tobacco p.l.c.), Revolving Credit Facility Agreement (British American Tobacco p.l.c.), Term Loan Agreement (British American Tobacco p.l.c.)
Change in Currency. 11.5.1 (a) If more than one currency or currency unit are at the same time recognised by the central bank of any country as the lawful currency of that country, then:
(Ai) any reference in the Finance Documents to, and any obligations arising under the Finance Documents in, the currency of that country shall be translated into, or paid in, the currency or currency unit of that country designated by the Agent; and
(Bii) any translation from one currency or currency unit to another shall be at the official rate of exchange recognised by the central bank for the conversion of that currency or currency unit into the other, rounded up or down by the Agent acting reasonably.
11.5.2 (b) If any change in any currency of a country occurs, this Agreement will be amended to the extent the Agent specifies to be necessary to reflect the change in the currency and to put the Finance Parties in the same position, so far as possible, that they would have been in if no change in currency had has occurred.
Appears in 2 contracts
Samples: Syndicated Credit Facility Agreement (Reuters Group PLC /Adr/), Syndicated Credit Facility Agreement (Reuters Group PLC)
Change in Currency. 11.5.1 (a) If more than one currency or currency unit are at the same time recognised by the central bank of any country as the lawful currency of that country, then:
(Ai) any reference in the Finance Documents to, and any obligations arising under the Finance Documents in, the currency of that country shall be translated into, or paid in, the currency or currency unit of that country designated by the Agent; and
(Bii) any translation from one currency or currency unit to another shall be at the official rate of exchange recognised by the central bank for the conversion of that currency or currency unit into the other, rounded up or down by the Agent acting reasonably.
11.5.2 (b) If any change in any currency of a country occurs, this Agreement will be amended to the extent the Agent specifies to be necessary to reflect the change in the currency and to put the Finance Parties in the same position, so far as possible, that they would have been in if no change in currency had has occurred.. Back to Index
Appears in 1 contract
Samples: Syndicated Credit Facility (Reuters Group PLC /Adr/)
