EMU definition
Examples of EMU in a sentence
Each obligation of the Borrowers to make a payment denominated in the national(a) currency unit of any member state of the European Union that adopts the Euro as its lawful currency after the Closing Date shall be redenominated into Euro at the time of such adoption (in accordance with the EMU Legislation).
If the Euro is unavailable to the Issuers due to the imposition of exchange controls or other circumstances beyond the Issuers’ control or the Euro is no longer used by the member states of the EMU that have adopted the Euro as their currency or for the settlement of transactions by public institutions within the international banking community, then all payments in respect of the Euro Notes will be made in U.S. dollars until the Euro is again available to the Issuers or so used.