Irrevocable Conversion Rate definition
Irrevocable Conversion Rate with respect to any Available EMU Currency, means the rate adopted and irrevocably fixed by the European Council (in accordance with Article 109l(4) of the Treaty on European Union) on December 31, 1998 as the official exchange rate at which National Currency Units of such Available EMU Currency shall be converted into euro, and euro shall be converted into National Currency Units of such Available EMU Currency.
Irrevocable Conversion Rate means, with respect to any National Currency Unit, the rate adopted and irrevocably fixed by the European Council (in accordance with Article 109l(4) of the Treaty on European Union) on December 31, 1998 as the official exchange rate at which such National Currency Unit shall be converted into euro, and euro shall be converted into such National Currency Unit.