Common use of Roundings Clause in Contracts

Roundings. The Labor Index average and the Material Index average shall be computed to the first decimal. If the next succeeding place is five (5) or more, the preceding decimal place shall be raised to the next higher figure. Each quotient (ECIn/ECIb) and (ICn/ICb) 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 next higher figure. The final factor shall be rounded to the nearest ten-thousandth (4 decimals). The final price shall be rounded to the nearest whole number (0.5 or more rounded to 1). ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission.

Appears in 1 contract

Sources: Purchase Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.)

Roundings. The Labor Index average and the Material Index average shall be computed to the first decimal. If the next succeeding place is five (5) or more, the preceding decimal place shall be raised to the next higher figure. Each quotient (ECIn/ECIb) and (ICn/ICb) 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 next higher figure. The final factor shall be rounded to the nearest ten-thousandth (4 decimals). The final price shall be rounded to the nearest whole number (0.5 or more rounded to 1). Intrepid – Airbus A330-200F PA Amendment 3 –ref #CT0903391 EXECUTION CONFIDENTIAL AND PRIVILEGED ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission.

Appears in 1 contract

Sources: Purchase Agreement (Intrepid Aviation LTD)

Roundings. The Labor Index average and the Material Index average shall be computed to the first decimal. If the next succeeding place is five (5) or more, the preceding decimal place shall be raised to the next higher figure. Each quotient (ECIn/ECIb) and (ICn/ICb) 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 next higher figure. The final factor shall be rounded to the nearest ten-thousandth (4 decimals). The final price shall be rounded to the nearest whole number (0.5 or more rounded to 1). ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission.VOI A320 Family PA - AMDT 8 – Ref. D11032737 - December 2011 310/40 EXHIBIT A – PART 1 – AIRFRAME PRICE REVISION FORMULA

Appears in 1 contract

Sources: Purchase Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.)