Common use of ECONOMIC AND MONETARY UNION Clause in Contracts

ECONOMIC AND MONETARY UNION. If the United Kingdom becomes a Participating Member State and as a result the Bank of England recognises more than one currency or currency unit as the lawful currency of the United Kingdom:

ECONOMIC AND MONETARY UNION. If the United Kingdom becomes a Participating Member State and as a result the Bank of England recognises more than one currency or currency unit as the lawful currency of the United Kingdom:: -129- 133 32.1.1 (unless prohibited by law) the Agent may designate (after consultation with the Relevant Obligor) which currency or currency unit the obligations arising under the Finance Documents are to be denominated or payable in;