The Euro. 8.1. All contribution-specific agreements between the UN and the Commission shall be denominated in Euro. All Commission payments to the UN shall be made in Euro.
8.2. Where feasible, EU contributions shall be maintained in Euro-denominated bank accounts. They may be pooled together with contributions from other donors. They may be exchanged for other currencies in order to facilitate their disbursement.
8.3. Publicity pertaining to EU contributions shall quote these contributions in Euro, in parenthesis if necessary. UN publications and reports prepared in response to, and in accordance with, its legislative directives are excluded from this provision.
The Euro. If the Agreement remains in force on the date of withdrawal from circulation of national currencies in those countries of the European Union which have decided to adopt the EURO as their official currency, to the extent that the prices stipulated are expressed in a national currency(ies) which is (are) replaced by the EURO, the replacement of such national currency by the EURO shall not have the effect of nullifying or altering the rights and obligations of Purchaser and Supplier hereunder nor of discharging or excusing performance by either of the parties of their respective obligations hereunder nor shall it entitle either of the parties unilaterally to alter, terminate or revoke the Agreement. If any price stated in the Agreement is expressed in one or more of the national currencies which is replaced by the EURO, such price shall automatically be converted into EURO at the official rate fixed between such currencies and the EURO or the effective rate at the time of conversion.
The Euro. 8.1. All contribution-specific agreements between the UN and the Commission shall be denominated either in Euro or in the accounting currency of the UN organisation.
8.2. EU contributions may be pooled together with contributions from other donors. They may be exchanged for other currencies in order to facilitate their disbursement.
8.3. Publicity pertaining to EU contributions shall quote these contributions in Euro, in parenthesis if necessary. UN publications and reports prepared in response to, and in accordance with, its legislative directives are excluded from this provision.
The Euro. (a) If, as a result of the implementation of the EMU, (i) any currency available for borrowing under this Agreement ( a "national currency") ceases to be lawful currency of the state issuing the same and is replaced by the euro or (ii) any national currency and the euro are at the same time both recognized by the central bank or comparable governmental authority of the state issuing such currency as lawful currency of such state, then any amount payable hereunder by any party hereto in such national currency (including, without limitation, any Loan to be made under this Agreement) shall instead be payable in the euro and the amount so payable shall be determined by redenominating or converting such amount into the euro at the exchange rate officially fixed by the European Central Bank for the purpose of implementing the EMU, PROVIDED, that to the extent any EMU Legislation provides that an amount denominated either in the euro or in the applicable national currency can be paid either in euros or in the applicable national currency, each party to this Agreement shall be entitled to pay or repay such amount in euros or in the applicable national currency. Prior to the occurrence of the event or events described in clause (i) or (ii) of the preceding sentence, each amount payable hereunder in any such national currency will, except as otherwise provided herein, continue to be payable only in that national currency.
(b) In addition, this Agreement (including, without limitation, the definition of Offshore Rate) will be amended to the extent determined by the Agent and Required Banks (acting reasonably and in consultation with Spherion) to be necessary to reflect such implementation of the EMU and change in currency and to put the Banks and the Companies in the same position, so far as possible, that they would have been in if such implementation and change in currency had not occurred. Except as provided in the foregoing provisions of this SECTION, no such implementation or change in currency nor any economic consequences resulting therefrom shall (i) give rise to any right to terminate prematurely, contest, cancel, rescind, alter, modify or renegotiate the provisions of this Agreement or (ii) discharge, excuse or otherwise affect the performance of any obligations of the Companies or the Banks under this Agreement, any Notes or other Loan Documents.
The Euro. The Contractor shall submit invoices for payment of Services to the Council denominated in sterling. In this event that the United Kingdom joins the European Monetary Union, the Council shall at any time thereafter, upon giving three months written notice to the Contractor, be entitled to require the Contractor at no additional charge to the Council, to convert any such charges from sterling into Euro (in accordance with EC Regulations 1103/97). The Contractor shall thereafter submit all invoices for payment to the Council denominated in Euros.
The Euro. 41.1. The Contractor shall submit invoices for payment of services to the Council denominated in sterling. In the event that the United Kingdom joins the European Monetary Union, the Council shall at any time thereafter, upon giving three months written notice to the Contractor, be entitled to require the Contractor at no additional charge to the Council, to convert any such charges from sterling into Euro (in accordance with EC Regulation 1103/97). The Contractor shall thereafter submit all invoices for payment to the Council denominated in Euros.
41.2. The Contractor is recommended to consider including a similar provision in any sub-contract/supply agreement the Contractor may enter into with its sub-contractors/suppliers to cover the Contractor in any such event as the Council will not be responsible for any shortfall in moneys arising by reason of such conversion to Euros as between the Contractor and its sub-contractor/suppliers.
The Euro. 34.1 Any requirement in Law to account for the Services in Euros (or to prepare for such accounting) instead of and/or in addition to sterling, shall be implemented by the Provider at nil charge to the Council.
34.2 The Council shall provide reasonable assistance to the Provider to facilitate any change which is implemented under Clause 34.1.
The Euro. 16.3.1 In this Clause:
The Euro. If the United Kingdom becomes a participating member state for the purposes of European Monetary Union so that the Euro becomes the lawful currency of the United Kingdom, then:
The Euro. 15.1 If, at any time, the Euro ceases to exist as a currency unit (or there is a material likelihood of such cessation) or (in the reasonable opinion of Silver Lake) it becomes so uncertain, unattractive or otherwise unworkable such that the Parties to this Agreement enter into bona fide discussions regarding the use of a different currency, then Silver Lake may require that:
(a) some or all of the LP Interests and/or any other member of the Group are redenominated in US$ or a different currency of its choice;
(b) the structure of GBH LP and the Group be changed, including by way of establishing new companies and/or other entities, or redomiciliation or restructuring of the current companies in the Group or in any other manner; and
(c) any other changes be made to reflect the change in currency, and the Parties take all necessary actions in relation thereto (including, but not limited to, voting in favour of Investor resolutions and entering into any agreements), provided always that no such change will be made if its result is more economically disproportionately adverse to any Party compared to the other Parties.
