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Fractions
Fractions contract clause examples

Balance (determined after taking into account any additional allocations of Liquidating Gains or Liquidating Losses to be made with respect to Common Units after the application of this [Section 6.1I(1)] for the same period for which the allocations in this [Section 6.1I(1)] are being made) multiplied by the number of Common Units (or fractions thereof) into which such AOLTIP Unit would then be convertible, assuming for such purpose that each such AOLTIP Unit is a Vested AOLTIP Unit (with such Economic Capital Account Balance with respect to an LTIP Unit or AOLTIP Unit to be achieved through the immediately foregoing allocations referred to as the "Target Balance" for such unit).

The parties agree that the intent of this [Section 6.1I] is # to the extent possible within the limitations imposed by [Section 6.1I(2)]to make the Economic Capital Account Balance associated with # each LTIP Unit economically equivalent to the Common Unit Economic Balance and # each AOLTIP Unit economically equivalent to the Common Unit Economic Balance (or fractions thereof), if any, into which such AOLTIP Unit would then be convertible, assuming for such purpose that such AOLTIP Unit was a Vested AOLTIP Unit and # to allow conversion of an LTIP Unit (assuming prior vesting) into a Common Unit when sufficient Liquidating Gains have been allocated to such LTIP Unit pursuant to [Section 6.1I(1)] so that either its initial Book-Up Target has been reduced to zero or the parity described in the definition of Target Balance has been achieved with respect to such LTIP Unit. The General Partner shall be permitted to interpret this [Section 6.1I] or to amend this Agreement to the extent necessary and consistent with this intention.

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