Common use of Rounding Convention Clause in Contracts

Rounding Convention. Unless otherwise specified herein, test calculations that evaluate to a percentage will be rounded to the nearest ten thousandth of a percentage point and test calculations that evaluate to a number or decimal will be rounded to the nearest one hundredth of a percentage point.

Appears in 15 contracts

Samples: Indenture (Arbor Realty Trust Inc), Indenture (Arbor Realty Trust Inc), Arbor (Arbor Realty Trust Inc)

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Rounding Convention. Unless otherwise specified herein, test calculations that evaluate to a percentage will be rounded to the nearest ten thousandth hundredth of a percentage point and test calculations that evaluate to a number or decimal will be rounded to the nearest one hundredth of a percentage point2 decimal places.

Appears in 4 contracts

Samples: Execution (Sutherland Asset Management Corp), Gramercy Real (Gramercy Capital Corp), Cdo Servicing Agreement (Gramercy Capital Corp)

Rounding Convention. Unless otherwise specified herein, test calculations that evaluate to are evaluated as a percentage will be rounded to the nearest ten thousandth of a percentage point and test calculations that evaluate to are evaluated as a number or decimal will be rounded to the nearest one hundredth of a percentage point.

Appears in 4 contracts

Samples: Confidentiality Agreement (Lument Finance Trust, Inc.), Indenture and Credit Agreement (Granite Point Mortgage Trust Inc.), Indenture and Credit Agreement (Terra Property Trust, Inc.)

Rounding Convention. Unless otherwise specified herein, test calculations that evaluate to a percentage will shall be rounded to the nearest ten thousandth hundredth of a percentage point and test calculations that evaluate to a number or decimal will shall be rounded to the nearest one hundredth of a percentage point2 decimal places.

Appears in 1 contract

Samples: Cdo Servicing Agreement (Gramercy Capital Corp)

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Rounding Convention. Unless otherwise specified herein, test calculations that evaluate to a percentage will be rounded to the nearest ten thousandth hundredth of a percentage point and test calculations that evaluate to a number or decimal will be rounded to the nearest one hundredth of a percentage pointtwo decimal places.

Appears in 1 contract

Samples: Management Agreement and Servicing Agreement (CBRE Realty Finance Inc)

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