Cash Rounding definition
Cash Rounding means the cash (rounded to the nearest US$0.01, with
Examples of Cash Rounding in a sentence
Agent in consultation with the Issuer and the Dealer Manager shall calculate the amount of Wal-Mart Notes and any Cash Rounding Amount to be received by each Holder.
Because the Issuer will only issue Wal-Mart Notes in denominations of (pound)1,000 and integral multiples of (pound)1,000, the aggregate principal amount of the Wal-Mart Notes that Holders of Asda Debt Securities receive will be rounded down to the nearest authorised denomination, if rounding is necessary, and any cash rounding amount (the "Cash Rounding Amount") will be paid to any such Holder in cash denominated in British pounds sterling ("Pounds Sterling").