Common use of Continuity of Contract Clause in Contracts

Continuity of Contract. The parties confirm that the introduction of the euro or the occurence or non-occurence of any other event associated with economic and monetary union in the European Community shall not have the effect of altering any term of the Agreement or discharging; or excusing performance under the Agreement or any Transaction thereunder, nor give a party the right unilaterally to alter or terminate the Agreement or any Transaction thereunder.