Common use of Rounding Clause in Contracts

Rounding. Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Place”) and rounding the result up or down to the Applicable Decimal Place.

Appears in 9 contracts

Samples: Credit Agreement (Allegro Microsystems, Inc.), Abl Revolving Credit Agreement (Petco Health & Wellness Company, Inc.), Abl Revolving Credit Agreement (Petco Health & Wellness Company, Inc.)

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Rounding. Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Place”) and rounding the result up or down to the Applicable Decimal Place.nearest number (with a rounding-up if there is no nearest number). Section 1.05

Appears in 8 contracts

Samples: Credit Agreement (Primo Water Corp /CN/), Credit Agreement (Utz Brands, Inc.), Credit Agreement (Utz Brands, Inc.)

Rounding. Any financial ratios ratios, including any required to be satisfied in order for a specific action to be permitted under this Agreement Agreement, shall be calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Place”) and rounding the result up or down to the Applicable Decimal Placenearest number (with a rounding-up if there is no nearest number).

Appears in 8 contracts

Samples: Credit Agreement (Warner Music Group Corp.), Credit Agreement (Warner Music Group Corp.), Credit Agreement (Warner Music Group Corp.)

Rounding. Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Placeapplicable decimal place”) and rounding the result up or down to the Applicable Decimal Placeapplicable decimal place.

Appears in 6 contracts

Samples: Credit Agreement, First Lien Credit Agreement (Authentic Brands Group Inc.), Credit Agreement (WCG Clinical, Inc.)

Rounding. Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement or required to be maintained pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Place”) and rounding the result up or down to the Applicable Decimal Placenearest number (with a rounding-up if there is no nearest number).

Appears in 5 contracts

Samples: Credit Agreement (Earthstone Energy Inc), Credit Agreement (Earthstone Energy Inc), Credit Agreement (Parsley Energy, Inc.)

Rounding. Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Place”) and rounding the result up or down to the Applicable Decimal Place.nearest number (with a rounding-up if there is no nearest number)

Appears in 5 contracts

Samples: Intercreditor Agreement (JOANN Inc.), Credit Agreement (JOANN Inc.), Credit Agreement (Chinos Holdings, Inc.)

Rounding. Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement or any other Loan Document shall be calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Placeapplicable decimal place”) and rounding the result up or down to the Applicable Decimal Placeapplicable decimal place.

Appears in 3 contracts

Samples: Credit Agreement (Hornbeck Offshore Services Inc /La), Credit Agreement (Savers Value Village, Inc.), Assignment and Acceptance (AZEK Co Inc.)

Rounding. Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Place”) and rounding the result up or down to the Applicable Decimal Placenearest number (with a rounding‑up if there is no nearest number).

Appears in 3 contracts

Samples: Senior Secured Credit Agreement (Williams Industrial Services Group Inc.), Senior Secured Credit Agreement (Global Power Equipment Group Inc.), Senior Secured Credit Agreement (Global Power Equipment Group Inc.)

Rounding. Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement Agreement, and for purposes of determining the Applicable Margin pursuant to the Pricing Grid, shall be calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Place”) and rounding the result up or down to the Applicable Decimal Placenearest number (with a rounding-up if there is no nearest number).

Appears in 2 contracts

Samples: Credit Agreement (GNC Holdings, Inc.), Credit Agreement (GNC Acquisition Holdings Inc.)

Rounding. Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Place”) and rounding the result up or down to the Applicable Decimal Place.nearest number (with a rounding-up if there is no nearest number). SECTION 1.05

Appears in 2 contracts

Samples: Credit Agreement (United States Steel Corp), Credit Agreement (Avaya Inc)

Rounding. Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the same number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Placeapplicable decimal place”) and rounding the result up or down to the Applicable Decimal Place.applicable decimal place. Section 1.05

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Millicom International Cellular Sa), Bridge Loan Agreement (Millicom International Cellular Sa)

Rounding. Any financial ratios required to be maintained or complied with by the Issuer pursuant to this Agreement (or required to be satisfied in order for a specific action to be permitted under this Agreement Agreement) shall be calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Place”) and rounding the result up or down to the Applicable Decimal Placenearest number (with a rounding-up if there is no nearest number).

Appears in 2 contracts

Samples: Securities Purchase Agreement (Evolent Health, Inc.), Investors Rights Agreement (Evolent Health, Inc.)

Rounding. Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement or any other Loan Document shall be calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Place”) and rounding the result up or down to the Applicable Decimal Place.

Appears in 2 contracts

Samples: Credit Agreement (Ironwood Pharmaceuticals Inc), Credit Agreement (Ironwood Pharmaceuticals Inc)

Rounding. Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement shall be calculated by dividing the appropriate - 80 - component by the other component, carrying the result to one decimal place more than the number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Place”) and rounding the result up or down to the Applicable Decimal Placenearest number (with a rounding-up if there is no nearest number).

Appears in 1 contract

Samples: Credit Agreement (Travel & Leisure Co.)

Rounding. Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Place”) and rounding the result up or down to the Applicable Decimal Place.nearest number (with a rounding-up if there is no nearest number) SECTION 1.5

Appears in 1 contract

Samples: Security Agreement (eHealth, Inc.)

Rounding. Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the same number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Place”"applicable decimal place") and rounding the result up or down to the Applicable Decimal Placeapplicable decimal place.

Appears in 1 contract

Samples: Revolving Credit Agreement (Millicom International Cellular Sa)

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Rounding. Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement Indenture or any other Note Document shall be calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Placeapplicable decimal place”) and rounding the result up or down to the Applicable Decimal Placeapplicable decimal place.

Appears in 1 contract

Samples: Indenture (Hersha Hospitality Trust)

Rounding. Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the to result to one decimal place more than the number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Place”) and rounding the result up or down to the Applicable Decimal Placenearest number (with a rounding-up if there is no nearest number).

Appears in 1 contract

Samples: Credit Agreement (Party City Holdco Inc.)

Rounding. Any financial ratios required to be maintained by the Issuer pursuant to this Agreement (or required to be satisfied in order for a specific action to be permitted under this Agreement Agreement) shall be calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Place”) and rounding the result up or down to the Applicable Decimal Placenearest number (with a rounding-up for five).

Appears in 1 contract

Samples: Joinder Agreement (Indivior PLC)

Rounding. Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Place”) and rounding the result up or down to the Applicable Decimal Placenearest number (with a rounding-up if there is no nearest number). Section 1.05.

Appears in 1 contract

Samples: Credit Agreement (Owens & Minor Inc/Va/)

Rounding. Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Place”) and rounding the result up or down to the Applicable Decimal Place.nearest number (with a rounding-up if there is no nearest number). AMERICAS 101798741 42

Appears in 1 contract

Samples: Pledge Agreement (International Seaways, Inc.)

Rounding. Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement or required to be maintained by the Group Members pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Place”) and rounding the result up or down to the Applicable Decimal Placenearest number (with a rounding-up if there is no nearest number).

Appears in 1 contract

Samples: Credit Agreement (Media General Inc)

Rounding. Any financial ratios required to be satisfied in order for a specific specified action to be permitted under this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Place”) and rounding the result up or down to the Applicable Decimal Placenearest number (with a rounding up if there is no nearest number).

Appears in 1 contract

Samples: Credit Agreement (Palm Inc)

Rounding. Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Place”) and rounding the result up or down to the Applicable Decimal Placenearest number.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Global Aviation Holdings Inc.)

Rounding. Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Place”) and rounding the result up or down to the Applicable Decimal Placenearest number (with a rounding-up if there is no nearest number). SECTION 1.05.

Appears in 1 contract

Samples: Credit Agreement (Nexeo Solutions, Inc.)

Rounding. Any Under this Agreement, any financial ratios required to be maintained or satisfied in order for a specific action to be permitted under this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the number of decimal places by which such ratio is expressed herein (the “Applicable Decimal Place”) and rounding the result up or down to the Applicable Decimal Placenearest number (with a rounding-up if there is no nearest number).

Appears in 1 contract

Samples: Credit Agreement (Knife River Holding Co)

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