Rounding Adjustment definition
Rounding Adjustment means an adjustment to zero balances of $ 0.25 one dollar ( $ 1.00) or less as the result of rounding errors on a report.
Rounding Adjustment shall have the meaning given to it in the Implementation Agreement;
Rounding Adjustment means the routine rounding of CHF LIBOR submissions by between 0.25 and 0.5 of a basis point to favour UBS’s CHF denominated derivatives trading positions.
More Definitions of Rounding Adjustment
Rounding Adjustment means an adjustment to the number of Compulsorily Convertible Notes to be received by any Ordinary Shareholder pursuant to the Grindrod Distribution, where the application of the Distribution Ratio would result in such Ordinary Shareholder having a fractional entitlement to a Compulsorily Convertible Note, with such adjustment being on the basis that the number of Compulsorily Convertible Notes actually distributed to such Ordinary Shareholder will be rounded down to the next whole number and a cash payment made to such Ordinary Shareholder in respect of such fraction (with the amount of such payment being determined by applying the relevant fraction to the CCN Value);