Euro Member definition

Euro Member means each state described as a "participating member state" in any EMU Legislation.

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Euro Member means each state described as a "participating member state" in any EMU Legislation. "Euro Unit" means the currency unit of the Euro. "Event of Default" means any event or condition identified as such in Section 9.1 hereof. "Existing Lenders" means Harris Trust and Savings Bank, The First National Bank of Chicago and LaSalle National B▇▇▇. "Existing Credit Agreement" means the Credit Agreement dated as of June 30, 1998, among the Company, Harris Trust and Savings Bank, as Agent and the Existing Lenders, as amended and suppleme▇▇▇▇. "Fiscal 1998 Charges" means up to $5,158,000 of the charges taken by the Companyagainst its earnings in the third fiscal quarter of its fiscal year ended on or about December 31, 1998 for the Company's costs (including internal costs) related to the Texcan Acquisition (including the consolidation of redundant facilities). "French Franc" means the lawful currency of the Republic of France. "GAAP" means generally accepted accounting principles as in effect from time to time, applied by the Company and its Subsidiaries on a basis consistent with the preparation of the Company's most recent financial statements furnished to the Lenders pursuant to Section 6.5 hereof. "Guarantor" means each Material Subsidiary (other than, subject to Section 4.1, Anicom Canada) of the Company that executes and delivers to the Agent a Guaranty Agreement. "Guaranty Agreement" means each guaranty issued by a Material Subsidiary (other than, subject to Section 4.1, Anicom Canada) to the Agent guaranteeing all or any Obligations. "Indebtedness for Borrowed Money" means for any Person (without duplication) (i) all indebtedness created, assumed or incurred in any manner by such Person representing money borrowed (including by the issuance of debt securities), (ii) all indebtedness for the deferred purchase price of property or services (other than trade accounts payable arising in the ordinary course of business which are not more than sixty (60) days past due), (iii) all indebtedness secured by any Lien upon Property of such Person, whether or not such Person has assumed or become liable for the payment of such indebtedness, (iv) all Capitalized Lease Obligations of such Person and (v) all obligations of such Person on or with respect to letters of credit, bankers' acceptances and other extensions of credit whether or not representing obligations for borrowed money. "Intangible Assets" means, as of any time the same is to be determined, goodwill, patents, ...

Examples of Euro Member in a sentence

• The parties hereto acknowledge and agree that if, within sixty (60) days of the commencement of such negotiations, the Borrowers and the Agent fail to reach agreement regarding any such amendments, then the provisions of this Section 3.6 shall be deemed operative and, until such an agreement is reached, the obligations of the Lenders to make Multicurrency LIBOR Loans in Euros or any other Foreign Currency issued by a Euro Member shall be suspended.

• The parties hereto acknowledge and agree that if, within sixty (60) days of the commencement of such negotiations, the Company (acting on behalf of the Borrowers) and the Administrative Agent fail to reach agreement regarding any such amendments, then the provisions of Section 14.2 hereof shall be deemed operative and, until such an agreement is reached, the obligations of the Banks to make Eurocurrency Loans in Euros or any other Alternative Currency issued by a Euro Member shall be suspended.