Common use of Fractions Clause in Contracts

Fractions. When making payments to Bondholders, if the relevant payment is not of an amount which is a whole multiple of the smallest unit of the relevant currency in which such payment is to be made, such payment will be rounded down to the nearest unit.

Appears in 13 contracts

Sources: Bond Agreement (Renalytix PLC), Second Amendment and Restatement Agreement (Renalytix PLC), Fiscal, Transfer and Conversion Agency Agreement

Fractions. When making payments to BondholdersNoteholders, if the relevant payment is not of an amount which is a whole multiple of the smallest unit of the relevant currency in which such payment is to be made, such payment will be rounded down to the nearest such unit.

Appears in 5 contracts

Sources: Trust Deed (Gold Fields LTD), Trust Deed (Gold Fields LTD), Fiscal Agency Agreement (Abengoa, S.A.)

Fractions. When making payments to BondholdersNoteholders, if the relevant payment is not of an amount which is a whole multiple of the smallest unit of the relevant currency in which such payment is to be made, such payment will be rounded down to the nearest unit.

Appears in 3 contracts

Sources: Paying Agency Agreement, Subscription Agreement (First Pacific Company LTD /Fi), Trust Deed (Acergy S.A.)

Fractions. When making payments to Bondholders, if the relevant payment is not of an amount which is a whole multiple of the smallest unit of the relevant currency in which such payment is to be made, such payment will be rounded down to the nearest such unit.

Appears in 2 contracts

Sources: Trust Deed (Simon Property Group L P /De/), Subscription Agreement