Common use of Redenomination Clause in Contracts

Redenomination. each obligation under this Agreement of any party to this Agreement which, up to such time, had been denominated in sterling shall be redenominated into euro in accordance with EMU legislation provided that, if and to the extent that any EMU legislation provides that an amount denominated either in euro or in sterling as a national currency unit of the euro can be paid by the debtor either in euro or in that national currency unit, each party to this Agreement shall be entitled to pay or repay any such amount either in euro or in sterling as such national currency unit;

Appears in 4 contracts

Samples: Ninth Supplemental Agreement (Bell Microproducts Inc), Syndicated Credit Agreement (Bell Microproducts Inc), Supplemental Agreement (Bell Microproducts Inc)

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Redenomination. each obligation under this Agreement of any party to this Agreement which, up to such time, had been denominated in sterling shall be redenominated into euro in accordance with EMU legislation provided that, if and to the extent that any EMU legislation provides that an amount denominated either in euro or in sterling as a national currency unit of the euro can be paid by the debtor either in euro or in that national currency unit, each party to this Agreement 101 shall be entitled to pay or repay any such amount either in euro or in sterling as such national currency unit;

Appears in 1 contract

Samples: Syndicated Credit Agreement (Bell Microproducts Inc)

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