Record Units Sample Clauses
The 'Record Units' clause defines the specific units of measurement or categorization that will be used to document, track, or report relevant data under the agreement. In practice, this clause might specify whether quantities are recorded in kilograms, hours, transactions, or other standardized units, ensuring all parties use the same basis for reporting and analysis. By establishing a clear and consistent method for recording information, the clause helps prevent misunderstandings and disputes related to data interpretation or performance measurement.
Record Units. This number is equal to a Net Purchase Payment divided by the Fund(s) Record Unit Value (see 3.06) for the Valuation Period in which the Purchase Payment is received in good order.