Fractional Positions Sample Clauses

The 'Fractional Positions' clause defines how partial or non-whole units of a position, such as shares or interests, are handled within an agreement. Typically, this clause specifies whether fractional positions will be rounded up, rounded down, or settled in cash, and may outline the method for calculating such fractions. By addressing the treatment of fractional positions, the clause ensures administrative clarity and prevents disputes over minor discrepancies that can arise from calculations or allocations that do not result in whole numbers.
Fractional Positions. Fractional positions resulting from Corporate Actions will be dealt with in accordance with the Client Publications.
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Fractional Positions. Fractional positions resulting from Corporate Actions will be dealt with in accordance with the Client Publications. Information Classification: Limited Access 4 GCA.US40ACT.20240823
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Fractional Positions. Fractional positions resulting from Corporate Actions will be dealt with in accordance with the Client Publications. 7 Proxy Servicing 7.1
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Related to Fractional Positions

  • Fractions Any fractional Share of a Series shall have proportionately all the rights and obligations of a whole share of such Series, including rights with respect to voting, receipt of dividends and distributions and redemption of Shares.

  • Fractional Shares No fractional shares or scrip representing fractional shares shall be issued upon the conversion of this Note. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such conversion, the Company shall at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Conversion Price or round up to the next whole share.