Fractions of Units. (a) The Trustee may issue Units in fractions of a Unit calculated to up to four decimal places. (b) Where any calculation performed under this Deed would result in the issue of a fraction of a Unit, otherwise than where the Trustee has offered the issue of Units in fractions of up to four decimal places: (i) the number of Units to be issued will be rounded downwards to the nearest whole Unit; and (ii) any excess amount resulting from this rounding down is an Asset. (c) The provisions of this Deed relating to Units and Unit Holders apply to fractions of Units in the proportion which the fraction bears to one Unit.
Appears in 4 contracts
Samples: Reference User Funding Agreement (Rufa), Trust Deed, Trust Deed
