Common use of Change in Currency Clause in Contracts

Change in Currency. (a) Unless otherwise prohibited by law, 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: (i) any reference in any Interim Document to, and any obligations arising under any Interim Document in, the currency of that country shall be translated into, and paid in, the currency or currency unit designated by the Interim Facility Agent; and (ii) any translation from one currency or currency unit to another shall be at the official rate of exchange recognised by the central bank of that country for the conversion of that currency or currency unit into the other, rounded up or down by the Interim Facility Agent. (b) If a change in any currency of a country occurs, the Interim Documents will, to the extent the Interim Facility Agent specifies is necessary, be amended to comply with any generally accepted conventions and market practice in any relevant interbank market and otherwise to reflect the change in currency. The Interim Facility Agent will notify the other Parties to the relevant Interim Documents of any such amendment, which shall be binding on all the Parties.

Change in Currency. (a) Unless otherwise prohibited by law, if 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: (i) any reference in any Interim Senior Finance Document to, and any obligations arising under any Interim Senior Finance Document in, the currency of that country shall be translated into, and paid in, the currency or currency unit designated by the Interim Facility AgentAgent (after consultation with the Parent and the Lenders); and (ii) any translation from one currency or currency unit to another shall be at the official rate of exchange recognised by the central bank of that country for the conversion of that currency or currency unit into the other, rounded up or down by the Interim Facility AgentAgent (acting reasonably). (b) If a change in any currency of a country occurs, the Interim Senior Finance Documents will, to the extent the Interim Facility Agent specifies is necessary, be amended to comply with any generally accepted conventions and market practice in any relevant interbank market and otherwise to reflect the change in currency. The Interim Facility Agent will notify the other Parties parties to the relevant Interim Senior Finance Documents of any such amendment, which shall be binding on all the Partiesparties to that Senior Finance Document.