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 Borrower to the Lenders (including the Issuing Bank) and of the Lenders to the Borrower under or pursuant to this Agreement, (i) 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 a Lender shall be replaced by a reference to such reasonably comparable and convenient amount (or an integral multiple thereof) in the Euro Unit as such Lender may from time to time specify; and (ii) except as expressly provided in this Agreement, each provision of this Agreement, including, without limitation, the right to combine currencies to effect a set-off, shall be subject to such reasonable changes of interpretation as Lenders may from time to time specify to be necessary or appropriate to reflect the introduction of or changeover to the Euro in Participating Member States.

Appears in 3 contracts

Samples: Revolving Credit and Term Loan Agreement (Bristow Group Inc), Letter of Credit Facility Agreement (Bristow Group Inc), Revolving Credit Agreement (Bristow Group Inc)

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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 Borrower Borrowers to the Administrative Agent and to the Lenders (including and the Issuing Bank) Administrative Agent and of the Lenders to the Borrower Borrowers under or pursuant to this Agreement,: (i) 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 a Lender the Administrative Agent or Lenders 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 such Lender the Administrative Agent may from time to time specify; and (ii) except as expressly provided in this Agreement, each provision of this Agreement, including, without limitation, the right to combine currencies to effect a set-set off, shall be subject to such reasonable changes of interpretation as Lenders the Administrative Agent may from time to time specify to be necessary or appropriate to reflect the introduction implementation of or changeover the EMU to place the Euro parties hereto in Participating Member Statessubstantially the position they would have occupied had the EMU not been implemented.

Appears in 2 contracts

Samples: Credit Agreement (Ahl Services Inc), Credit Agreement (Ahl Services Inc)

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