Common use of Fractional Cents Clause in Contracts

Fractional Cents. Any other provision of this Agreement to the contrary notwithstanding, no payment of fractions of cents will be made. Whenever any payment of a fraction of a cent would otherwise be called for, the actual payment shall reflect a rounding down of such fraction to the nearest whole cent.

Appears in 3 contracts

Sources: Litigation Trust Agreement, Litigation Trust Agreement (Paragon Offshore PLC), Litigation Trust Agreement

Fractional Cents. Any other provision of this Agreement to the contrary Plan notwithstanding, no payment of fractions of fractional cents will be made. Whenever any payment of a fraction of a cent would otherwise be called for, the actual payment shall reflect a rounding down of such fraction to the nearest whole cent.

Appears in 2 contracts

Sources: Backstop Commitment Agreement, Backstop Commitment Agreement (AbitibiBowater Inc.)

Fractional Cents. Any other provision of this Agreement to the contrary Plan (e) notwithstanding, no payment of fractions of fractional cents will be made. Whenever any payment of a fraction of a cent would otherwise be called for, the actual payment shall reflect a rounding down of such fraction to the nearest whole cent.

Appears in 1 contract

Sources: Backstop Commitment Agreement