Application of Strike Price Clause Samples

Application of Strike Price. ① Deposit in Japanese Yen The principal of the Deposit will be converted into the Counter Currency as of the Maturity Date if the Spot Price of Counter Currency against Yen as of 3:00 p.m., Tokyo time on the Maturity Date indicates Yen appreciation equal to or beyond the Strike Price, or will remain in Yen on the Maturity Date if the Spot Price of Counter Currency against ▇▇▇ as of the same time indicates Yen depreciation beyond the Strike Price, and then will be credited into the ▇▇▇▇▇▇▇ MultiMoney savings account of the respective currency. The interest of the Deposit will remain in Yen regardless of whether or not currency conversion of the principal portion occurs, and will be credited into the ▇▇▇▇▇▇▇ MultiMoney Yen savings account. ② Deposit in Foreign Currencies The principal of the Deposit will be converted into Yen as of the Maturity Date if the Spot Price of deposited currency against Yen as of 3:00 p.m., Tokyo time on the Maturity Date indicates Yen depreciation equal to or beyond the Strike Price, or will remain in the deposited currency on the Maturity Date if the Spot Price of deposited currency against ▇▇▇ as of the same time indicates Yen appreciation beyond the Strike Price, and then will be credited into the ▇▇▇▇▇▇▇ MultiMoney savings account of the respective currency. The interest of the Deposit will remain in the deposited currency regardless of whether or not currency conversion of the principal portion occurs, and will be credited into the ▇▇▇▇▇▇▇ MultiMoney savings account of the respective currency. ③ Cross Currency Type The principal of the Deposit will be converted into the Counter Currency as of the Maturity Date if the Spot Price as of 3:00 p.m., Tokyo time on the Maturity Date indicates Deposit Currency appreciation (Counter Currency depreciation) equal to or beyond the Strike Price, or will remain in the deposited currency on the Maturity Date if the Spot Price as of the same time indicates Deposit Currency depreciation (Counter Currency appreciation) beyond the Strike Price, and then will be credited into the ▇▇▇▇▇▇▇ MultiMoney savings account of the respective currency. The interest of the Deposit will remain in the deposited currency regardless of whether or not currency conversion of the principal portion occurs, and will be credited into the ▇▇▇▇▇▇▇ MultiMoney savings account of the respective currency.
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Related to Application of Strike Price

  • Designation of Start-up Day The Closing Date is hereby designated as the "start-up day" of each of the Upper-Tier REMIC and Lower-Tier REMIC within the meaning of Section 860G(a)(9) of the Code.

  • Reservation of Stock Issuable Upon Conversion The Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock, solely for the purpose of effecting the conversion of the shares of the Series Preferred, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of the Series Preferred. If at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of all then outstanding shares of the Series Preferred, the Corporation will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purpose.

  • Aggregation of Stock All shares of Registrable Securities held or acquired by Affiliates shall be aggregated together for the purpose of determining the availability of any rights under this Agreement and such Affiliated persons may apportion such rights as among themselves in any manner they deem appropriate.

  • Manner of Exercise of Option (a) To the extent that the right to exercise the Option has accrued and is in effect, the Option may be exercised in full or in part by giving written notice to the Company stating the number of Shares as to which the Option is being exercised and accompanied by payment in full for such Shares. No partial exercise may be made for less than one hundred (100) full Shares of Common Stock. Payment shall be made in accordance with the terms of the Plan. Upon such exercise, delivery of a certificate for paid-up, non- assessable Shares shall be made at the principal office of the Company to the person exercising the Option, not less than thirty (30) and not more than ninety (90) days from the date of receipt of the notice by the Company. (b) The Company shall at all times during the term of the Option reserve and keep available such number of Shares of its Common Stock as will be sufficient to satisfy the requirements of the Option.

  • Termination of Stopped Work If a stop work order is not canceled and the work covered by such order is terminated for default or convenience, the reasonable costs resulting from the stop work order shall be allowed by adjustment or otherwise.