Common use of European Monetary Union Clause in Contracts

European Monetary Union. (a) If, as a result of the implementation of the European monetary union, (i) any Optional Currency ceases to be lawful currency of the nation issuing the same and is replaced by the Euro or (ii) any Optional Currency and the Euro are at the same time recognized by any governmental authority of the nation issuing such currency as lawful currency of such nation and the Agent shall so request in a notice delivered to the Borrowers, then any amount payable hereunder by any party hereto in such Optional Currency shall instead be payable in the Euro and the amount so payable shall be determined by translating the amount payable in such Optional Currency to the Euro at the exchange rate recognized on the date of such request by the European Central Bank for the purpose of implementing European monetary union. Prior to the occurrence of the event or events described in clauses (i) or (ii) of the preceding sentence, each amount payable hereunder in any Optional Currency will, except as otherwise provided in this Agreement, continue to be payable only in that Optional Currency.

European Monetary Union. (a) If, as a result of the implementation of the European monetary union, (i) any Optional Currency ceases to be lawful currency of the nation issuing the same and is replaced by the Euro Euro, or (ii) any Optional Currency and the Euro are at the same time recognized by any governmental authority of the nation issuing such currency as lawful currency of such nation and the Agent shall so request in a notice delivered to the Borrowers, then any amount payable hereunder by any party hereto the Borrowers in such Optional Currency shall instead be payable in the Euro and the amount so payable shall be determined by translating the amount payable in such Optional Currency to the Euro at the exchange rate recognized on the date of such request by the European Central Bank for the purpose of implementing the European monetary union. Prior to the occurrence of the event or events described in clauses (i) or and (ii) of the preceding sentence, each amount payable hereunder in any Optional Currency will, except as otherwise provided in this Agreementherein, continue to be payable only in that Optional Currency.

European Monetary Union. (a) If, as a result of the implementation of the European monetary union, union (i) any Optional Alternate Currency ceases to be lawful currency of the nation issuing the same and is replaced by a European common currency (the Euro "Euro") or (ii) any Optional Alternate Currency and the Euro are at the same time recognized by any governmental authority of the nation issuing such currency as lawful currency of such nation and the Agent Bank shall so request in a notice delivered to the BorrowersBorrower, then any amount payable hereunder by any party hereto in such Optional Alternate Currency shall instead be by payable in the Euro and the amount so payable shall be determined by translating the amount payable in such Optional Alternate Currency to the Euro at the exchange rate recognized on the date of such request by the European Central Bank for the purpose of implementing the European monetary union. Prior to the occurrence of the event or events described in clauses clause (i) or (ii) of the preceding sentence, each amount payable hereunder in any Optional Alternate Currency will, except as otherwise provided in this Agreementherein, continue to be payable only in that Optional such Alternate Currency.

European Monetary Union. (a) If, as a result of the implementation of the European monetary unionMonetary Union, (i) any Optional Currency the Pounds Sterling ceases to be lawful currency of the nation issuing the same and is replaced by the Euro Euro, or (ii) any Optional Currency the Pounds Sterling and the Euro are at the same time recognized by any the central bank or comparable governmental authority of the nation issuing such currency United Kingdom as lawful currency of such nation the United Kingdom and the Administrative Agent or the Required Lenders shall so request in a notice delivered to the BorrowersCompany, then any amount payable hereunder by any party hereto in such Optional Currency Pounds Sterling shall instead be payable in the Euro and the amount so payable shall be determined by translating the amount payable in such Optional Currency Pounds Sterling to the Euro at the exchange rate recognized on the date of such request by the European Central Bank for the purpose of implementing European monetary unionMonetary Union. Prior to the occurrence of the event or events described in clauses clause (i) or (ii) of the preceding sentence, each amount payable hereunder in any Optional Currency Pounds Sterling will, except as otherwise provided in this Agreementherein, continue to be payable only in that Optional Currency.

European Monetary Union. (a) If, as a result of the implementation of the European monetary union, (i) any Optional Currency ceases to be lawful currency of the nation issuing the same and is replaced by a European common current (the Euro "Euro") or (ii) any Optional Currency and the Euro are at the same time recognized by any governmental authority of the nation issuing such currency as lawful currency of such nation and the Agent shall so request in a notice delivered to the BorrowersBorrower, then any amount payable hereunder by any party part hereto in such Optional Currency shall instead be by payable in the Euro and the amount so payable shall be determined by translating the amount payable in such Optional Currency to the Euro at the exchange rate recognized on the date of such request by the European Central Bank for the purpose of implementing European monetary union. Prior to the occurrence of the event or events described in clauses clause (i) or (ii) of the preceding sentence, each amount payable hereunder in any Optional Currency will, except as otherwise provided in this Agreementherein, continue to be payable only in that Optional Currency.

European Monetary Union. (a) If, as a result of the implementation of the European monetary union, (i) any Optional Currency ceases to be lawful currency of the nation issuing the same and is replaced by the Euro Euro, or (ii) any Optional Currency and the Euro are at the same time recognized by any governmental authority of the nation issuing such currency as lawful currency of such nation and the Agent shall so request in a notice delivered to the BorrowersBorrower, then any amount payable hereunder by any party hereto the Borrower in such Optional Currency shall instead be payable in the Euro and the amount so payable shall be determined by translating the amount payable in such Optional Currency to the Euro at the exchange rate recognized on the date of such request by the European Central Bank for the purpose of implementing the European monetary union. Prior to the occurrence of the event or events described in clauses (i) or and (ii) of the preceding sentence, each amount payable hereunder in any Optional Currency will, except as otherwise provided in this Agreementherein, continue to be payable only in that Optional Currency.

European Monetary Union. (a) If, as a result of the ------------------------ implementation of the European monetary union, (i) any Optional Currency currency ceases to be lawful currency of the nation issuing the same and is replaced by the Euro a European common currency, or (ii) any Optional Currency currency and the Euro a European common currency are at the same time recognized by any governmental the central bank or comparable authority of the nation issuing such currency as lawful currency of such nation and the Agent or the Required Lenders shall so request in a notice delivered to the BorrowersBorrower, then any amount payable hereunder by any party hereto in such Optional Currency currency shall instead be payable in the Euro European common currency and the amount so payable shall be determined by translating the amount payable in such Optional Currency currency to the Euro such European common currency at the exchange rate recognized on the date of such request by the European Central Bank for the purpose of implementing European monetary union. Prior to the occurrence of the event or events described in clauses clause (i) or (ii) of the preceding sentence, each amount payable hereunder in any Optional Currency will, except as otherwise provided in this Agreement, currency will continue to be payable only in that Optional Currencycurrency.

European Monetary Union. (a) If, as a result of the ----------------------- implementation of the European monetary union, (i) any Optional Currency currency ceases to be lawful currency of the nation issuing the same and is replaced by the Euro a European common currency, or (ii) any Optional Currency currency and the Euro a European common currency are at the same time recognized by any governmental the central bank or comparable authority of the nation issuing such currency as lawful currency of such nation and the Agent or the Required Lenders shall so request in a notice delivered to the BorrowersBorrower, then any amount payable hereunder by any party hereto in such Optional Currency currency shall instead be payable in the Euro European common currency and the amount so payable shall be determined by translating the amount payable in such Optional Currency currency to the Euro such European common currency at the exchange rate recognized on the date of such request by the European Central Bank for the purpose of implementing European monetary union. Prior to the occurrence of the event or events described in clauses clause (i) or (ii) of the preceding sentence, each amount payable hereunder in any Optional Currency will, except as otherwise provided in this Agreement, currency will continue to be payable only in that Optional Currencycurrency.