None of the following shall have the effect of discharging or excusing performance under any contract, security, or instrument, or give a party the right unilaterally to alter or terminate any contract, security, or instrument:
- (1) The introduction of the euro.
- (2) Tendering euros in connection with any obligation in compliance with subsections (a) or (b) of Section 10.
- (3) Determining the value of any obligation in compliance with subsections (a) or (b) of Section 10.
- (4) Calculating or determining the subject or medium of payment of a contract, security, or instrument with reference to a substituted or replaced interest rate or other basis that is deemed a commercially reasonable substitute and substantial equivalent according to the terms of Section 10 of this Act.
(Source: P.A. 90-268, eff. 7-30-97.)