Common use of Roundings Clause in Contracts

Roundings. The Labor and Material Index averages shall be computed to the second decimal place. Each factor (***** x (ECIn/ECIb)), (***** x (MMPn/MMPb)), (***** x (EPn/EPb)) shall be calculated to the nearest ten-thousandth (4 decimals). If the next succeeding place is five (5) or more the preceding decimal shall be raised to the next higher figure. After final computation Pn shall be rounded to the nearest whole number (0.5 or more rounded to 1).

Appears in 1 contract

Sources: Purchase Agreement (Intrepid Aviation LTD)

Roundings. The Labor and Material Index averages shall will be computed to the second decimal place. Each factor (***** x (ECIn/ECIb)), (***** x (MMPn/MMPb)), (***** x (EPn/EPb)) shall will be calculated to the nearest ten-thousandth (4 decimals). If the next succeeding place is five (5) or more the preceding decimal shall will be raised to the next higher figure. After final computation Pn shall will be rounded to the nearest whole number (0.5 or more rounded to 1).

Appears in 1 contract

Sources: Purchase Agreement (Intrepid Aviation LTD)

Roundings. The Labor and Material Index averages shall will be computed to the second decimal place. Each factor ([...***** x (ECIn/ECIb)), (***** x (MMPn/MMPb)), (***** x (EPn/EPb)) shall ...] will be calculated to the nearest ten-thousandth (4 decimals). If the next succeeding place is five (5) or more the preceding decimal shall will be raised to the next higher figure. After final computation Pn shall [...***...] will be rounded to the nearest whole number (0.5 or more rounded to 1).. *** Confidential Treatment Requested

Appears in 1 contract

Sources: Purchase Agreement (Hawaiian Holdings Inc)