Common use of Substitution of Currency Clause in Contracts

Substitution of Currency. If the United Kingdom adopts the Euro, it will replace Sterling as the legal tender in the United Kingdom and, as provided below, result in the effective redenomination of the Notes into Euros and the regulations of the European Commission relating to the Euro shall apply to the Notes. The circumstances and consequences described in this Section 2.17 entitle neither the Company, the Guarantors nor any Holder to early redemption, rescission, notice or repudiation of the terms and conditions of the Notes or this Supplemental Indenture and the Indenture or to raise other defenses or to request any compensation claim, nor will they affect any of the other obligations of the Company or the Guarantors under the Notes and under this Supplemental Indenture and the Indenture.

Appears in 2 contracts

Samples: Candanaigua B V, Mt Veeder Corp

AutoNDA by SimpleDocs

Substitution of Currency. If the United Kingdom adopts the Euro, it will replace Sterling as the legal tender in the United Kingdom and, as provided below, result in the effective redenomination of the Notes into Euros and the regulations of the European Commission relating to the Euro shall apply to the Notes. The circumstances and consequences described in this Section 2.17 entitle neither the Company, the Guarantors nor any Holder to early redemption, rescission, notice or repudiation of the terms and conditions of the Notes or this Supplemental Indenture and the Indenture or to raise other defenses or to request any compensation claim, nor will they affect any of the other obligations of the Company or the Guarantors under the Notes and under this Supplemental Indenture and the Indenture.

Appears in 1 contract

Samples: Indenture (SCV Epi Vineyards Inc)

AutoNDA by SimpleDocs

Substitution of Currency. If the United Kingdom adopts the Euro, it will Euro to replace Sterling as the legal tender in the United Kingdom andKingdom, such adoption shall, as provided below, result in the effective redenomination of the Sterling Notes into Euros Euros, and the regulations of the European Commission relating to the Euro shall apply to the Sterling Notes. The circumstances and consequences described in this Section 2.17 2.15 entitle neither none of the Company, the any Subsidiary Guarantors nor or any Holder to early redemption, rescission, notice or repudiation of the terms and conditions of the Sterling Notes or this Supplemental Indenture and the Indenture or to raise other defenses or to request any compensation claim, nor will shall they affect any of the other obligations of the Company or the any Subsidiary Guarantors under the Sterling Notes and under this Supplemental Indenture and the Indenture.

Appears in 1 contract

Samples: Indenture (Azurix Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.