Common use of Rounding Convention Clause in Contracts

Rounding Convention. The amount of Eligible Collateral that is required to be delivered or maintained pursuant to Paragraph 3 of this Credit Support Annex shall be rounded upwards to the next integer multiple of the Minimum Transfer Amount and the amount of Eligible Collateral that is required to be returned pursuant to ______________ shall be rounded downwards to the next $_________________.

Appears in 4 contracts

Samples: Qualified Scheduling Entity Services Agreement, Ercot Wholesale Electricity Enabling Agreement, Qualified Scheduling Entity Services Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.