European currency unit definition

European currency unit means the currency basket periodically used as the unit of account of the European Community, as defined by Regulation No. 3320/94 of the Council of the European Union and as referred to in Article 109g of the treaty establishing the European Community, as amended by the Treaty on European Union. The term is abbreviated as ECU.
Sample 1Sample 2Sample 3
European currency unit or "ECU" means the currency basket
Sample 1Sample 2Sample 3
European currency unit or "ECU" means the currency basket that is from time to time used as the unit of account of the European community as referred to in Article 109g of the Treaty on European Union and as defined in Regulation (EC) No.3320/94.
Sample 1Sample 2

Examples of European currency unit in a sentence

  • Monetary amounts may be in U.S. dollars in a foreign currency or in a composite currency, including but not limited to the European Currency Unit.

  • NOTES TO FINANCIAL STATEMENTS (Continued) Net Unrealized Value at Foreign Settlement Currency Currency Contract September 30, Exchange Date Amount Bought Amount 2005 Gain/(Loss) ------------ -------------- --------------------------------- ------------- -------------- ------------- Low Duration Bond 10/20/05 991,153 European Currency Unit ..........

  • Net Unrealized Value at Foreign Settlement Currency Currency Contract September 30, Exchange Date Amount Sold Amount 2005 Gain/(Loss) ------------ -------------- --------------------------------- ------------ ------------- ------------ Low Duration Bond 10/20/05 11,610,911 European Currency Unit ..........

  • Currency" means money denominated in the lawful currency of any country or any "composite currency" such as the European Currency Unit.

  • ECU: "ECU" shall mean the European Currency Unit as defined and revised from time to time by the Council of the European Communities.

  • The Company has one sales contract that will be performed by a domestic subsidiary where payment will be made in the European Currency Unit.

  • Pursuant to the treaty establishing the European Community (the "EC"), as amended by the treaty on European Union (the "Treaty"), to which the Republic of France is a signatory, it is provided that at or before 1 January 1999, and subject to the fulfilment of certain conditions, the European Currency Unit or ECU may become a currency in its own right (such currency to be named the "Euro"), replacing all or some of the currencies of the member states of the EC, including the French Franc.

  • Monetary amounts may be in U.S. dollars, in a foreign currency or in a composite currency, including but not limited to the European Currency Unit.

  • In November 1997, Jamaica commenced a program to provide support to the local sugar industry, which had been experiencing significant problems arising out of the 1997 drought, fluctuations in European Currency Unit exchange rates and other factors.

  • The currency or currencies in which payment of the principal of, any premium on, or any interest on each of the Notes shall be payable if other than U.S. dollars shall be any one or more foreign or composite currencies (such as the European Currency Unit or "ECUs") as established by a Designated Person (the "Specified Currency").


More Definitions of European currency unit

European currency unit or "ECU" means the lawful currency of the European Community;
Sample 1
European currency unit and the term "ECU," mean a unit of account or lawful money of the European Communities."
Sample 1
European currency unit means the currency basket that is used as the unit of account of the European community pursuant to the European council's regulations.
Sample 1

Related to European currency unit

  • National Currency Unit means the unit of the currency of a country as those units are defined on the day before the start of the third stage of European Economic and Monetary Union pursuant to the Treaty or, in connection with the expansion of such third stage, to any country which has not initially participated in such third stage; and

  • Currency with respect to any payment, deposit or other transfer in respect of the principal of or any premium or interest on or any Additional Amounts with respect to any Security, means Dollars or the Foreign Currency, as the case may be, in which such payment, deposit or other transfer is required to be made by or pursuant to the terms hereof or such Security and, with respect to any other payment, deposit or transfer pursuant to or contemplated by the terms hereof or such Security, means Dollars.

  • Foreign Currency means any currency other than the currency of Kenya;

  • Index Currency means USD.

  • Denomination Currency has the meaning specified in Section 14(b).

  • Class Currency means the currency in which a Share Class of a Fund is designated as determined by the Directors and disclosed in the Prospectus in relation to such Fund.

  • European Commission means the European Commission or any successor entity that is responsible for granting Marketing Approvals authorizing the sale of pharmaceuticals in the European Union.

  • Fiat Currency means a currency issued by a country's government or central bank.

  • Quote Currency means the second currency in the Currency Pair which can be bought or sold by the Client for the Base Currency.

  • European Union means the member nations of the European Union established by the Treaty of European Union, signed at Maastricht on February 2, 1992, which amended the Treaty of Rome establishing the European Community.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Base Currency means the first currency in the Currency Pair against which the Client buys or sells the Quote Currency.

  • Eligible Currency means any currency other than Dollars (i) that is readily available, (ii) that is freely traded, (iii) in which deposits are customarily offered to banks in the London interbank market, (iv) that is convertible into Dollars in the international interbank market and (v) as to which a Dollar Equivalent Amount may be readily calculated. If, after the designation by the Revolving Credit Lenders of any currency as an Agreed Currency, (x) currency control or other exchange regulations are imposed in the country in which such currency is issued with the result that different types of such currency are introduced, (y) such currency is, in the reasonable determination of the Administrative Agent, no longer readily available or freely traded or (z) in the reasonable determination of the Administrative Agent, a Dollar Equivalent Amount of such currency is not readily calculable, the Administrative Agent shall promptly notify the Lenders and the Company, and such currency shall no longer be an Agreed Currency until such time as all of the Revolving Credit Lenders agree to reinstate such currency as an Agreed Currency and promptly, but in any event within five Business Days of receipt of such notice from the Administrative Agent, the Borrower shall repay all Loans in such affected currency or convert such Loans into Loans in Dollars or another Agreed Currency, subject to the other terms set forth in Article II.

  • Obligation Currency shall have the meaning assigned to such term in Section 11.18(a).