Options Exercise Clause Samples

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Options Exercise. (a) If Customer has a long commodity option, futures option or swaption in the Account that it wishes to exercise, it must provide WFS written instructions to exercise the option or swaption no less than one (1) business day prior to the last trading day of the option or swaption. Customer shall provide WFS sufficient funds and the necessary documents for such exercise no later than the exercise day. (b) Certain option contracts sold by Customer are subject to exercise at any time and the rules of the relevant Exchange or Clearinghouse may provide for the automatic exercise of options that are “in-the-money” at the time of expiration. Exercise notices received by WFS from the applicable Exchange or Clearing Organization with respect to any option contract sold by WFS’ Customers will be allocated among such Customers (including Customer) pursuant to WFS’ usual allocation procedure and Customer shall be bound by any allocation made to it pursuant to such procedure. Such notices may be allocated to Customer after the close of trading on the day on which such notices have been allocated to WFS by the applicable Exchange or Clearing Organization. WFS may change its allocation method at any time, without notice to Customer. (c) Subject to the foregoing, WFS shall have no responsibility for any action that it takes or fails to take with respect to any option contract (including, without limitation, any responsibility to exercise any option contract purchased by Customer) unless and until WFS receives acceptable and timely instructions from Customer indicating the action to be taken. (d) If Customer fails to perform its obligations under this Section, WFS may, but is not obligated to, take any action it deems, in its sole discretion, that such action is required by Applicable Law or is necessary for its protection or the protection of any of its affiliates, including, without limitation, abandoning, liquidating, making or taking delivery or exercise on behalf of Customer. Customer will be liable for any deficiency in the Account that may result therefrom. WFS shall have no liability for any action that it takes or fails to take with respect to any Derivative.
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Options Exercise. Customer agrees that if Customer has a commodity option position with FIMAT and does not provide timely instructions regarding the exercise of a commodity option on the last day of trading in that option, FIMAT, in its sole discretion and without prior notice to Customer, is authorized to exercise or abandon (i.e., let expire) the option. Customer further agrees that any exercise or abandonment of an option by FIMAT pursuant to this Agreement shall be for Customer’s sole account and risk and FIMAT shall have no liability with respect thereto, and FIMAT shall have no duty to exercise such authority. Customer further agrees that, without FIMAT’s written consent, Customer may not, on any day, exercise more than 20 options contracts with FIMAT unless Customer has margin with FIMAT in excess of the amount of margin FIMAT requires for the futures contracts Customer would be assigned as a result of such exercise. Customer acknowledges that FIMAT’s confirmation of purchase and sale statements will reflect option expiration dates that FIMAT obtains from sources generally believed to be reliable, and FIMAT will be responsible only for gross negligence, willful misconduct or fraud in connection therewith. If Customer holds options with a Friday expiration date, it is possible that, if a grantor, Customer could be assigned a futures position after the expiration of the option on Friday, and on some exchanges, as late as Saturday morning.
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Options Exercise. Unless otherwise expressly provided in this Agreement, in order to exercise an Option, the Buyer will, no later than 4:00 p.m. Eastern Prevailing Time on the Exercise Date for an Option, notify the Seller orally or in writing, which notice will be irrevocable (“Notice of Exercise”), of the Buyer’s exercise of its right or rights granted pursuant to the relevant Option. Provided, however, that if verbal notice is given, Buyer shall provide written confirmation of such verbal notice to Seller as soon as practicable. The Buyer may exercise the right or rights granted pursuant to the Option only by timely giving a Notice of Exercise to the Seller. If the Option is not timely exercised, it will expire and neither the Buyer nor the Seller will have any further rights or liabilities with respect to that Option. Once an Option has been timely and properly exercised, the physical purchase and sale of the Coal related thereto shall be governed by the terms of this Agreement.
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Options Exercise a. When exercising an option, the Contracting Officer shall provide written notice to the Contractor within a reasonable amount of time before exercising the option. b. When the Contract provides for economic price adjustment and the Contractor requests a revision of the price, the Contracting Officer shall determine the effect of the adjustment on prices under the option before the option is exercised. c. In accordance with PPM § 4-23, the Contracting Officer may exercise options only after determining that i. Funds are available;‌ ii. The requirement covered by the option fulfills an existing WMATA need iii. The exercise of the option is the most advantageous method of fulfilling WMATA's needs, when price and other factors are considered;‌ iv. Contractor is not listed in the System for Award Management's Exclusions (See ▇▇▇.▇▇▇.gov) v. The Contractor's past performance evaluations on other Contract actions have been considered; and vi. The Contractor's performance on this Contract has been acceptable in that it received satisfactory ratings.‌ d. The Contracting Officer, after considering price and other factors, shall make the determination on the basis of one (1) of the following: i. A new solicitation fails to produce a better price or a more advantageous offer than that offered by the option. If it is anticipated that the best price ii. An informal analysis of prices or an examination of the market indicates that the option price is better than prices available in the market or that the option is the more advantageous offer. iii. The time between the award of the Contract containing the option and the exercise of the option is so short that it indicates the option price is the lowest price obtainable or the more advantageous offer. The Contracting Officer shall take into consideration such factors as market stability and comparison of the time since award with the usual duration of Contracts for such supplies or services. e. The determination of other factors under subparagraph (d): i. Should take into account WMATA's need for continuity of operations and potential costs of disrupting operations; and‌ ii. May consider the effect on DBEs. f. Before exercising an option, the Contracting Officer shall make a written determination for the Contract file that the exercise is in accordance with the terms of the option, and the requirements of this clause. To satisfy requirements for full and open competition, the option must have been evaluated as part of the in...
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Options Exercise. NT may exercise the Options set out in Exhibit A1 by completing and submitting to the Contractor the Options Order Form in Appendix D-2 to Exhibit D. The Contractor shall confirm receipt of an Options Order without undue delay. No later than 21 days of receipt of an Options Order, the Contractor shall submit to NT a complete description of the delivery under the Option Order. The description shall include: • A detailed description of the Delivery • A complete Delivery Schedule with milestones as indicated in Exhibit C • Prices The prices shall be in accordance with those set out in Exhibit B. If NT accepts, he shall return to Contractor a signed copy of the description together with the associated Options Order. The Contractor shall commence and complete his performance in accordance with the Delivery Schedule. The Contract Conditions set out herein shall apply accordingly for Options, however such that each Options Order shall be considered as a separate contract. Appendices and exhibits will be issued and amended to the extent required for the Option in question. For clarity, Contractor shall also issue new Guarantee documents and insurances reflecting the values and scope of work of the Option.
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Options Exercise. For a period of 180 days after the date of the Prospectus, upon exercise of any options to purchase the Company’s Ordinary Shares or securities convertible or exchangeable for Ordinary Shares granted prior to the date of the Prospectus or granted to any party within 180 days of the date of the Prospectus who held securities of the Company prior to the date of the Prospectus, the Company will either (i) require such holder to execute a lock-up agreement substantially in the form of Exhibit C hereto prior to settlement or (ii) impose a stock transfer order preventing the transfer of the securities issued pursuant to such option exercise for a period of 180 days after the date of the Prospectus.
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Options Exercise. DATE OF ▇▇▇▇▇ ▇▇▇▇▇ QUALIFIED NON-QUALIFIED ------------- ----- --------- ------------- 12/15/99 $0.8438 118,518 - 12/15/99 $0.8438 - 198,482
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Options Exercise. A. UCART19 Product
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Options Exercise. I am fully responsible for taking action to exercise any option contract. You shall not be required to take action with respect to any option contract, including any action to exercise a valuable option prior to its expiration date, except upon express instructions from Me. In the event that I fail to instruct You to exercise My long option position, I hereby authorize You to exercise such option and buy or sell the underlying stock for My account, at Your discretion; provided, however, that You shall not be required to take any action with respect to such option and will not be liable, in any manner, for failure to exercise such option. If sufficient assets and/or other positions in My account are not available to cover the exercise or assignment of an option, I authorize You to take the following actions: (a) place an order to close option positions; (b) place an order to minimize market risk (for example, if it would result in a short position or cash debit in an account not enabled for margin, result in an equity level that is below the aforementioned minimum, or if there are no shares available for a short sale); and/or (c) instruct the OCC not to exercise valuable options on or prior to the last trading day. If an option is exercised or assigned, I authorize You to close out the unsupported equities positions that result from the exercise. I agree to waive and to release You and Your officers, employees and agents from any and all claims of damage or loss, then or at a later time sustained, as a result of the exercise or nonexercise of an option contract(s).
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Related to Options Exercise

  • Method of Exercising Option Subject to the terms and conditions of this Agreement, the Option may be exercised by written notice to the Company or its designee, in substantially the form of Exhibit A attached hereto. Such notice shall state the number of Shares with respect to which the Option is being exercised and shall be signed by the person exercising the Option. Payment of the purchase price for such Shares shall be made in accordance with Paragraph 9 of the Plan. The Company shall deliver such Shares as soon as practicable after the notice shall be received, provided, however, that the Company may delay issuance of such Shares until completion of any action or obtaining of any consent, which the Company deems necessary under any applicable law (including, without limitation, state securities or “blue sky” laws). The Shares as to which the Option shall have been so exercised shall be registered in the Company’s share register in the name of the person so exercising the Option (or, if the Option shall be exercised by the Participant and if the Participant shall so request in the notice exercising the Option, shall be registered in the Company’s share register in the name of the Participant and another person jointly, with right of survivorship) and shall be delivered as provided above to or upon the written order of the person exercising the Option. In the event the Option shall be exercised, pursuant to Section 4 hereof, by any person other than the Participant, such notice shall be accompanied by appropriate proof of the right of such person to exercise the Option. All Shares that shall be purchased upon the exercise of the Option as provided herein shall be fully paid and nonassessable.

  • Full Exercise This Warrant may be exercised in full by the Holder hereof by delivery of an original or facsimile copy of the form of subscription attached as Exhibit A hereto (the "Subscription Form") duly executed by such Holder and surrender of the original Warrant within seven (7) days of exercise, to the Company at its principal office or at the office of its Warrant Agent (as provided hereinafter), accompanied by payment, in cash, wire transfer or by certified or official bank check payable to the order of the Company, in the amount obtained by multiplying the number of shares of Common Stock for which this Warrant is then exercisable by the Purchase Price then in effect.

  • Method of Exercise of Option The Option is exercisable by notice and payment to the Company in accordance with the procedure prescribed herein. Each such notice will: (a) State the election to exercise the Option and the number of shares in respect of which it is being exercised; (b) Contain a representation and agreement as to investment intent, if required by counsel to the Company with respect to such Shares, in form satisfactory to counsel for the Company; and (c) Be signed by the person entitled to exercise the Option and, if the option is being exercised by any person other than the Director, be accompanied by proof, satisfactory to counsel for the Company, of the right of that person to exercise the Option. Upon receipt of such notice, the Company will specify, by written notice to the person exercising the option, a date and time (the "Closing Date") and place for payment of the full purchase price of such Shares. The Closing Date will be not more than fifteen days from the date the notice of exercise is received by the Company unless another date is agreed upon by the Company and the person exercising the Option or is required upon advice of counsel for the Company in order to meet the requirements of Section 10 hereof. Payment of the purchase price will be made at the place specified by the Company on or before the Closing Date by delivering to the Company a certified or bank cashier's check payable to the order of the Company. The Option will be deemed to have been exercised with respect to any particular shares of Common Stock if, and only if, the preceding provisions of this Section 9 and the provisions of Section 10 hereof shall have been complied with, in which event the option will be deemed to have been exercised on the Closing Date. Anything in this Agreement to the contrary notwithstanding, any notice of exercise given pursuant to the provisions of this Section 9 will be void and of no effect if all the preceding provisions of this Section 9 and the provisions of Section 10 have not been complied with. The certificates for shares of Common Stock as to which the option shall be exercised will be registered in the name of the person exercising the option (or, if the option is exercised by the Director and if the Director so requests in the notice exercising the Option, will be registered in the name of the Director and another person jointly, with right of survivorship) and will be delivered on the Closing Date to the person exercising the Option at the place specified for the closing, but only upon compliance with all of the provisions of this Agreement. If the Director fails to accept delivery of and pay for all or any part of the number of shares specified in the notice upon tender or delivery thereof on the Closing Date, his right to exercise the Option with respect to those undelivered shares may be terminated in the sole discretion of the Board of Directors of the Company. The Option may be exercised only with respect to full shares.

  • Method of Exercise Holder may exercise this Warrant by delivering a duly executed Notice of Exercise in substantially the form attached as Appendix 1 to the principal office of the Company. Unless Holder is exercising the conversion right set forth in Article 1.2, Holder shall also deliver to the Company a check, wire transfer (to an account designated by the Company), or other form of payment acceptable to the Company for the aggregate Warrant Price for the Shares being purchased.

  • Option Right Landlord hereby grants to the originally named Tenant herein (“Original Tenant”), and its “Permitted Assignees”, as that term is defined in Section 14.8, below, one (1) option to extend the Lease Term for a period of five (5) years (the “Option Term”), which option shall be irrevocably exercised only by written notice delivered by Tenant to Landlord not more than twelve (12) months nor less than nine (9) months prior to the expiration of the initial Lease Term, provided that the following conditions (the “Option Conditions”) are satisfied: (i) as of the date of delivery of such notice, Tenant is not in default under this Lease, after the expiration of any applicable notice and cure period; (ii) Tenant has not previously been in default under this Lease, after the expiration of any applicable notice and cure period, more than twice in the twelve (12) month period prior to the date of Tenant’s attempted exercise; and (iii) the Lease then remains in full force and effect. Landlord may, at Landlord’s option, exercised in Landlord’s sole and absolute discretion, waive any of the Option Conditions in which case the option, if otherwise properly exercised by Tenant, shall remain in full force and effect. Upon the proper exercise of such option to extend, and provided that Tenant satisfies all of the Option Conditions (except those, if any, which are waived by Landlord), the Lease Term, as it applies to the Premises, shall be extended for a period of five (5) years. The rights contained in this Section 2.2 shall be personal to Original Tenant and any Permitted Assignees, and may be exercised by Original Tenant or such Permitted Assignees (and not by any other assignee, sublessee or other “Transferee,” as that term is defined in Section 14.1 of this Lease, of Tenant’s interest in this Lease).