Common use of Rounding and Other Consequential Changes Clause in Contracts

Rounding and Other Consequential Changes. Without prejudice and in addition to any method of conversion or rounding prescribed by any EMU Legislation and without prejudice to the respective liabilities for Indebtedness of the Borrowers to the Finance Parties and the Finance Parties to the Borrowers under or pursuant to this Agreement (and after consultation with the Borrowers and the Finance Parties): (a) each reference in this Agreement to a minimum amount (or an integral multiple thereof) in a national currency unit to be paid to or by the Agent shall be replaced by a reference to such reasonably comparable and convenient amount (or an integral multiple thereof) in the euro unit as the Agent may from time to time specify; and (b) save as expressly provided in this clause 9.13.6 each provision of this Agreement shall be subject to such reasonable changes of construction as the Agent may from time to time specify after consultation with the Original Borrower to be necessary or appropriate to reflect the changeover to the euro in Participating Member States.

Appears in 3 contracts

Samples: Supplemental Agreement (Global Telesystems Inc), Loan Agreement (Global Telesystems Inc), Loan Agreement (Global Telesystems Europe B V)

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Rounding and Other Consequential Changes. Without prejudice and in addition to any method of conversion or rounding prescribed by any EMU Legislation legislation and without prejudice to the respective liabilities for Indebtedness indebtedness of the Borrowers any Borrower to the Finance Parties Banks and the Finance Parties Banks to the Borrowers any Borrower under or pursuant to this Agreement (and after consultation with the Borrowers Primary Borrower and the Finance PartiesBanks): (ai) each reference in this Agreement to a minimum amount (or an integral multiple thereof) in a national currency unit to be paid to or by the Facility Agent shall be replaced by a reference to such reasonably comparable and convenient amount (or an integral multiple thereof) in the euro unit Euro Unit as the Facility Agent may from time to time specify; and (bii) save as expressly provided in this clause 9.13.6 8.12(g), each provision of this Agreement shall be subject to such reasonable changes of construction as the Facility Agent may from time to time specify after consultation with the Original Borrower to be necessary or appropriate to reflect the changeover to the euro Euro in Participating Member States.

Appears in 2 contracts

Samples: Facilities Agreement (Txu Europe LTD), Facilities Agreement (Texas Utilities Electric Co)

Rounding and Other Consequential Changes. Without prejudice and in addition ---------------------------------------- to any method of conversion or rounding prescribed by any EMU Legislation and without prejudice to the respective liabilities for Indebtedness indebtedness of the Borrowers Borrower to the Finance Parties Banks and the Finance Parties Banks to the Borrowers Borrower under or pursuant to this Agreement (and after consultation with the Borrowers and the Finance Parties):Agreement: (ai) each reference in this Agreement to a minimum amount (or an integral multiple thereof) in a national currency unit National Currency Unit to be paid to or by the Alternate Currency Agent shall be replaced by a reference to such reasonably comparable and convenient amount (or an integral multiple thereof) in the euro unit Euro Unit as the Alternate Currency Agent may from time to time specify; and (bii) save except as expressly provided in this clause 9.13.6 Section 4.9, each provision of this ----------- Agreement shall be subject to such reasonable changes of construction as the Alternate Currency Agent may from time to time specify after consultation with the Original Borrower to be necessary or appropriate to reflect the introduction of or changeover to the euro Euro in Participating Member States.

Appears in 1 contract

Samples: Credit Agreement (Cellstar Corp)

Rounding and Other Consequential Changes. 33.7.1 Without prejudice and in addition to any method of conversion or rounding prescribed by any EMU Legislation and without prejudice to (a) the respective liabilities for Indebtedness indebtedness of the Borrowers any Obligor to the Finance Parties and the Finance Parties to the Borrowers Banks under or pursuant to this Agreement the Facility Documents or (and after consultation with b) the Borrowers and the Finance Parties): (a) each Bank's Commitments, any reference in this Agreement the Facility Documents to a minimum amount (or an integral multiple thereof) in a national currency unit of a Subsequent Participant to be paid to or by the Agent shall shall, immediately upon it becoming a Subsequent Participant, be replaced by a reference to such reasonably comparable and convenient amount (or an integral multiple thereof) in the euro unit as the Agent may from time to time specify; and. (b) save 30.7.2 Save as expressly provided in this clause 9.13.6 each provision of this Agreement Clause 30.7, the Facility Documents shall be subject to such reasonable changes of construction as the Agent and the Borrowers may from agree at the relevant time to time specify after consultation with the Original Borrower to be necessary or appropriate to reflect the changeover to adoption of the euro in any Participating Member StatesState and any relevant market conventions or practices relating to the euro.

Appears in 1 contract

Samples: Multicurrency Revolving Credit Facility Agreement (Prologis Trust)

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Rounding and Other Consequential Changes. Without prejudice and in addition to any method of conversion or rounding prescribed by any EMU Legislation legislation and without prejudice to the respective liabilities for Indebtedness indebtedness of the Borrowers any Obligor to the Finance Parties Banks and the Finance Parties Banks to the Borrowers any Obligor under or pursuant to this Agreement (and after consultation with the Borrowers and the Finance Parties):Agreement: (ai) each reference in this Agreement to a minimum amount (or an integral multiple thereof) in a national currency unit to be paid to or by the Agent shall shall, to the extent necessary, be replaced by a reference to such reasonably comparable and convenient amount (or an integral multiple thereof) in the euro unit as the Agent may from time to time specifyspecify (after consultation with the Parent); and (bii) save as expressly provided in this clause 9.13.6 8.12, each provision of this Agreement shall be subject to such reasonable changes of construction as the Agent may (acting reasonably and in consultation with the Parent) from time to time specify after consultation with the Original Borrower to be necessary or appropriate to reflect the introduction of or changeover to the euro in Participating Member Statesparticipating member states.

Appears in 1 contract

Samples: Facilities Agreement (Avecia Group PLC)

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