11.1 Without prejudice to Article 3 of Regulation (EC) No 1103/97 of 17 June 1997 of the Authority of Ministers of the European Union, the introduction of the Euro shall not, of itself:
11.1.1 have the effect of altering any provision of, or (in whole or in part) of discharging, cancelling, rescinding, terminating or otherwise excusing performance under this Agreement; or
11.1.2 give the parties to this Agreement the right unilaterally to alter any provision of, or (in whole or in part) to discharge, cancel, rescind, terminate or otherwise avoid its obligations under this Agreement.
11.2 If, following the Commencement Date, Sterling is substituted by the Euro as the currency of Scotland or of the United Kingdom as a whole, then all references in this Agreement to "Sterling" or "£" shall be construed as references to "Euro" or "€" (as the case may be), at the agreed Sterling-Euro conversion rate provided that the provisions of this clause shall not apply during any transitional period when Sterling is a sub-unit of the Euro, unless the parties otherwise agree.
11.3 Without prejudice to Clause 11.1 and 11.2, the Parties will negotiate in good faith in order to agree any amendments to this Agreement which are reasonably necessary as a result of the introduction of the Euro as the currency of Scotland or of the United Kingdom as a whole (and, if relevant, so as to ensure that the terms of this Agreement reflect then current market practices and conventions relating to the introduction of the Euro).