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Common use of Roundings Clause in Contracts

Roundings. Each quotient (HEn/HEb and ICn/ICb) shall be calculated and rounded to the nearest fourth (4th) decimal place. If the next decimal is five (5) or more, the preceding decimal shall be rounded up to the next higher figure. During the final calculation, Pn shall be rounded to the nearest whole number (0.5 or rounded up to 1).

Appears in 2 contracts

Samples: Purchase Agreement (Air France /Fi), Purchase Agreement (Air France /Fi)

Roundings. (i) Each quotient (quotient, HEn/HEb and ICn/ICb) , shall be calculated and to the nearest ten-thousandth (4 decimals). (ii) The final factor shall be rounded to the nearest fourth ten-thousandth (4th) decimal place4 decimals). If the next decimal succeeding place is five (5) or more, more the preceding decimal place shall be rounded up raised to the next nearest higher figure. During the After final calculation, computation Pn shall be rounded to the nearest whole number (0.5 or rounded up rounds to 1).

Appears in 1 contract

Samples: Aircraft Purchase Agreement (AerCap Holdings N.V.)

Roundings. (i) Each quotient quotient, (HEn/HEb Heb) and (ICn/ICb) Icb), shall be calculated and to the nearest ten-thousandth (4 decimals). (ii) The final factor shall be rounded to the nearest fourth ten-thousandth (4th) decimal place4 decimals). If the next decimal succeeding place is five (5) or more, more the preceding decimal place shall be rounded up raised to the next nearest higher figure. During the After final calculation, computation Pn shall be rounded to the nearest whole number (0.5 or rounded up rounds to 1).

Appears in 1 contract

Samples: Purchase Agreement (KLM Royal Dutch Airlines)