Common use of Supervening Events Clause in Contracts

Supervening Events. The events referred to in Clause 9.4 (Changes in Conditions) are: (a) the relevant Optional Currency for any reason not being freely convertible into euro and/or not being freely transferable; (b) such changes in any applicable law or Directive (including, in particular, exchange controls) or in the availability in the Inter-bank Market of deposits for the relevant Term in the relevant Optional Currency as (in any such case) would, in the opinion of the Agent (after consultation, if practicable, with the Banks), make it impossible, impracticable, unlawful or contrary to a law or Directive for all or part of the relevant Advance to be denominated in that Optional Currency during that Term; and/or (c) the impossibility of making payment in the Place of Payment in the manner provided for in this Agreement.

Supervening Events. The events referred to in Clause 9.4 (Changes in Conditions) are: (a) the relevant Optional Currency for any reason not being freely convertible into euro Euros and/or not being freely transferable; (b) such changes in any applicable law or Directive (including, in particular, exchange controls) or in the availability in the Inter-bank Market of deposits for the relevant Term in the relevant Optional Currency as (in any such case) would, in the opinion of the Agent (after consultation, if practicable, with the Banks), make it impossible, impracticable, unlawful or contrary to a law or Directive for all or part of the relevant Advance to be denominated in that Optional Currency during that Term; and/or (c) the impossibility of making payment in the Place of Payment in the manner provided for in this Agreement.