Conversion into euro. Unless specified otherwise in the applicable Final Terms, if the Issuer is due to make a payment in a currency (the “original currency”) other than euro in respect of any Note or Coupon and the original currency is not available on the foreign exchange markets due to the imposition of exchange controls, the original currency’s replacement or disuse or other circumstances beyond the Issuer’s control, the Issuer will be entitled to satisfy its obligations in respect of such payment by making payment in euro on the basis of the spot exchange rate (the “Euro FX Rate”) at which the original currency is offered in exchange for euro in the London foreign exchange market (or, at the option of the Issuer or its designated Calculation Agent, in the foreign exchange market of any other financial centre which is then open for business) at noon, London time, two Business Days prior to the date on which payment is due or, if the Euro FX Rate is not available on that date, on the basis of a substitute exchange rate determined by the Issuer or by its designated Calculation Agent acting in its absolute discretion from such source(s) and at such time as it may select. For the avoidance of doubt, the Euro FX Rate or substitute exchange rate as aforesaid may be such that the resulting euro amount is zero and in such event no amount of euro or the original currency will be payable. Any payment made in euro or non-payment in accordance with this Condition 5(f) will not constitute an Event of Default under Condition 9.
Conversion into euro. All prices shall be stated in euro: each daily quotation shall be converted into Euro, using the same- day official exchange rate as determined by the European Central Bank (ECB fixing). In case a quoted day is a bank holiday in Europe, the ECB fixing of the previous day shall be used for that day. Final unit prices shall be rounded to 2 figures.
Conversion into euro. All amounts set in the Subsidy Contract and in all the reports have to be shown in Euro. Project Partners in participating Countries which have not adopted the Euro as their currency on the date of submission of the expenditures to the national FLC shall convert into Euro, with an accuracy of two digits after the comma, the amounts of expenditure incurred in national currency. The average monthly exchange rates set by the Commission are available at ttp://xx.xxxxxx.xx/xxxxxx/xxxxxxxxx/ Display of figures All the amounts have to be inserted in the reports using the system of two (2) decimals, thus with an accuracy two digits after the comma. Project Reporting Timing for reporting Project Partners are suggested to report expenditures preferably every three (3) months, or whenever a substantial amount of verified expenditure is accumulated (>15.000€ for all project partners and at least > 3.000€ for Bulgarian partner) as soon as they are incurred The Project Progress Report is compiled by the Lead Partner and submitted to the MA (through the JS) twice per year, on a six-month basis, every 31st January and every 31st July with the exception of the Final Project Report (see § Final Project Report of PIM). PPR shall contain a summary of the activities and the verified and paid out costs of all Project Partners of the project for the related period.
