Common use of Currency of Account and Payment Clause in Contracts

Currency of Account and Payment. 27.1 CURRENCY OF ACCOUNT Euro is the currency of account and payment for each and every sum at any time due from an Obligor hereunder, PROVIDED THAT: 27.1.1 each repayment of an Advance or Unpaid Sum or a part thereof shall be made in the currency in which such Advance or Unpaid Sum is denominated at the time of that repayment; 27.1.2 each payment of interest shall be made in the currency in which the sum in respect of which such interest is payable is denominated; 27.1.3 each payment in respect of costs and expenses shall be made in the currency in which the same were incurred; 27.1.4 each payment pursuant to Clause 11.2 (TAX INDEMNITY), Clause 13.1 (INCREASED COSTS) or Clause 26.1 (USPE'S INDEMNITY) shall be made in the currency specified by the party claiming thereunder; and 27.1.5 any amount expressed to be payable in a currency other than euro shall be paid in that other currency. If after the date of this Agreement a member state becomes a Participating State, all obligations under this Agreement (including any obligation in respect of any Bank's Available Commitment) to make a payment in its national currency unit shall be redenominated into the euro unit on the date on which it becomes a Subsequent Participant (but otherwise in accordance with EMU Legislation).

Currency of Account and Payment. 27.1 CURRENCY OF ACCOUNT Euro The euro is the currency of account and payment for each and every sum at any time due from an Obligor hereunder, PROVIDED THAT: 27.1.1 29.1.1 each repayment of an Advance or Unpaid Sum or a part thereof shall be made in the currency in which such Advance or Unpaid Sum is denominated at the time of that repayment; 27.1.2 29.1.2 each payment of interest shall be made in the currency in which the sum in respect of which such interest is payable is denominated; 27.1.3 29.1.3 each payment in respect of costs and expenses shall be made in the currency in which the same were incurred; 27.1.4 29.1.4 each payment pursuant to Clause 11.2 14.2 (TAX INDEMNITY), Clause 13.1 16.1 (INCREASED COSTS) or Clause 26.1 28.1 (USPEPARENT'S INDEMNITY) shall be made in the currency specified by the party claiming thereunder; and 27.1.5 29.1.5 any amount expressed to be payable in a currency other than euro euros shall be paid in that other currency. If after the date of this Agreement a member state becomes a Participating StateSubsequent Participant, all obligations under this Agreement (including any obligation in respect of any Bank's Available Revolving Commitment or Available Term Commitment) to make a payment in its national currency unit shall be redenominated into the euro unit on the date on which it becomes a Subsequent Participant (but otherwise in accordance with EMU Legislation).

Currency of Account and Payment. 27.1 29.1 CURRENCY OF ACCOUNT Euro The euro is the currency of account and payment for each and every sum at any time due from an Obligor hereunder, PROVIDED THAT: 27.1.1 29.1.1 each repayment of an Advance or Unpaid Sum or a part thereof shall be made in the currency in which such Advance or Unpaid Sum is denominated at the time of that repayment; 27.1.2 29.1.2 each payment in respect of a Bank Guarantee (including any Cash Collateral in respect of a Bank Guarantee) shall be made in the currency in which such Bank Guarantee is denominated; 29.1.3 each payment of interest shall be made in the currency in which the sum in respect of which such interest is payable is denominated; 27.1.3 29.1.4 each payment in respect of costs and expenses shall be made in the currency in which the same were incurred;; and 27.1.4 29.1.5 each payment pursuant to Clause 11.2 16.1 (TAX INDEMNITY), TAXES PAYABLE) or Clause 13.1 17.1 (INCREASED COSTS) or Clause 26.1 (USPE'S INDEMNITY) shall be made in the currency specified by the party claiming thereunder; and 27.1.5 any amount expressed to be payable in a currency other than euro shall be paid in that other currency. If after the date of this Agreement a member state becomes a Participating StateSubsequent Participant, all obligations under this Agreement (including any obligation in respect of any Bank's Available Commitment) to make a payment in its national currency unit National Currency Unit shall be redenominated into the euro unit on the date day on which it becomes a Subsequent Participant (but otherwise in accordance with EMU Legislation).

Currency of Account and Payment. 27.1 CURRENCY OF ACCOUNT Euro The euro is the currency of account and payment for each and every sum at any time due from an Obligor hereunder, PROVIDED THAT: 27.1.1 24.1.1 each repayment of an Advance or Unpaid Sum or a part thereof shall be made in the currency in which such Advance or Unpaid Sum is denominated at the time of that repayment; 27.1.2 24.1.2 each payment of interest shall be made in the currency in which the sum in respect of which such interest is payable is denominated; 27.1.3 24.1.3 each payment in respect of costs and expenses shall be made in the currency in which the same were incurred; 27.1.4 24.1.4 each payment pursuant to Clause 11.2 10.2 (TAX INDEMNITY), Clause 13.1 12.1 (INCREASED COSTS) or Clause 26.1 23.1 (USPEPARENT'S INDEMNITY) shall be made in the currency specified by the party claiming thereunder; and 27.1.5 24.1.5 any amount expressed to be payable in a currency other than euro euros shall be paid in that other currency. If after the date of this Agreement a member state becomes a Participating StateSubsequent Participant, all obligations under this Agreement (including any obligation in respect of any Bank's Available Commitment) to make a payment in its national currency unit shall be redenominated into the euro unit on the date on which it becomes a Subsequent Participant (but otherwise in accordance with EMU Legislation).

Currency of Account and Payment. 27.1 CURRENCY OF ACCOUNT Euro The Guilder is the currency of account and payment for each and every sum at any time due from an Obligor hereunder, PROVIDED THATprovided that: 27.1.1 30.1 each repayment of an Advance or Unpaid Sum or a part thereof shall be made in the currency in which such Advance or Unpaid Sum is denominated at the time of that repayment; 27.1.2 30.2 each payment in respect of a Letter of Credit (including any Cash Collateral in respect of a Letter of Credit) shall be made in the currency in which such Letter of Credit is denominated; 30.3 each payment of interest shall be made in the currency in which the sum in respect of which such interest is payable is denominated; 27.1.3 30.4 each payment in respect of costs and expenses shall be made in the currency in which the same were incurred; 27.1.4 30.5 each payment pursuant to Clause 11.2 16.2 (TAX INDEMNITY), Clause 13.1 (INCREASED COSTSTax Indemnity) or Clause 26.1 18.1 (USPE'S INDEMNITYIncreased Costs) shall be made in the currency specified by the party claiming thereunder; and; 27.1.5 30.6 any amount expressed to be payable in a currency other than euro Guilders shall be paid in that other currency. ; If after and to the date extent that any EMU Legislation provides that an amount (which is (a) denominated either in the euro or in the National Currency Unit of this Agreement a member state becomes a Participating State, all obligations under this Agreement Member State and (including any obligation b) payable within the Participating Member State by crediting an account of the creditor) can be paid by the debtor either in respect of any Bank's Available Commitment) to make a payment in its national currency unit shall be redenominated into the euro unit on or in such National Currency Unit, each party to this Agreement shall be entitled to pay or repay any such amount either in the date on which it becomes a Subsequent Participant (but otherwise euro unit or in accordance with EMU Legislation)such National Currency Unit.

Currency of Account and Payment. 27.1 26.1 CURRENCY OF ACCOUNT Euro The euro is the currency of account and payment for each and every sum at any time due from an Obligor hereunder, PROVIDED THAT: 27.1.1 26.1.1 each repayment of an Advance or Unpaid Sum or a part thereof shall be made in the currency in which such Advance or Unpaid Sum is denominated at the time of that repayment; 27.1.2 26.1.2 each payment in respect of a Letter of Credit (including any Cash Collateral in respect of a Letter of Credit) shall be made in the currency in which such Letter of Credit is denominated; 26.1.3 each payment of interest shall be made in the currency in which the sum in respect of which such interest is payable is denominated; 27.1.3 26.1.4 each payment in respect of costs and expenses shall be made in the currency in which the same were incurred; 27.1.4 26.1.5 each payment pursuant to Clause 11.2 (TAX INDEMNITY), Tax Indemnity) or Clause 13.1 (INCREASED COSTS) or Clause 26.1 (USPE'S INDEMNITYIncreased Costs) shall be made in the currency specified by the party claiming thereunder; and 27.1.5 26.1.6 any amount expressed to be payable in a currency other than euro euros shall be paid in that other currency. If If, after the date of this Agreement Agreement, a member state becomes a Participating StateSubsequent Participant, all obligations under this Agreement (including any obligation in respect of any Bank's Available Commitment) to make a payment in its national currency unit shall be redenominated into the euro unit on the date on which it becomes a Subsequent Participant (but otherwise in accordance with EMU Legislation).be