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Common use of Roundings Clause in Contracts

Roundings. (i) shall be calculated to the nearest tenth (1 decimal). (ii) Each quotient (*****) shall be calculated to the nearest ten-thousandth (4 decimals). (iii) The final factor shall be rounded to the nearest ten-thousandth (4 decimals). If the next succeeding place is five (5) or more the preceding decimal place shall be raised to the nearest higher figure. After final computation ***** shall be rounded to the nearest whole number (0.5 rounds to 1).

Appears in 2 contracts

Samples: Purchase Agreement (Frontier Group Holdings, Inc.), Purchase Agreement (Frontier Group Holdings, Inc.)

Roundings. (i) and ***** shall be calculated to the nearest tenth (1 decimal). (ii) Each quotient (*****) and (*****) shall be calculated to the nearest ten-thousandth (4 decimals). (iii) The final factor shall be rounded to the nearest ten-thousandth (4 decimals). If the next succeeding place is five (5) or more the preceding decimal place shall be raised to the nearest higher figure. After final computation computation, ***** shall be rounded to the nearest whole number (0.5 rounds to 1).

Appears in 1 contract

Samples: Purchase Agreement (Virgin America Inc.)

Roundings. (i) and ***** shall be calculated to the nearest tenth (1 decimal). (ii) Each quotient (***** and *) **** shall be calculated to the nearest ten-thousandth (4 decimals). (iii) The final factor shall be rounded to the nearest ten-thousandth (4 decimals). If the next succeeding place is five (5) or more the preceding decimal place shall be raised to the nearest higher figure. After final computation computation, ***** shall be rounded to the nearest whole number (0.5 rounds to 1).

Appears in 1 contract

Samples: Purchase Agreement (Virgin America Inc.)