Total Exercise Amount definition
Examples of Total Exercise Amount in a sentence
Payment of the Total Exercise Amount between the Grantee and the Grantor will be in U.S. dollars unless otherwise agreed and stated as such in the relevant Confirmation.
Unless otherwise agreed by the Parties, delivery of Precious Metal and payment of the Total Exercise Amount may be made by the Parties in accordance with any standing delivery and payment instructions previously issued by one of the Parties to the other Party and not subsequently cancelled by the issuing Party.
Upon such notice of exercise the Grantee shall be obliged irrevocably to buy from or sell to the Grantor, and the Grantor shall be obligated to sell to or buy from the Grantee, as the case may be, the Precious Metal subject to such Option at the Total Exercise Amount on the Settlement Date.
Immediately prior to and conditional upon such exercise at the Closing, the Warrant shall be automatically and with no further action amended, such that (i) the Original Exercise Price shall be the New Exercise Price, and (ii) the Original Total Exercise Amount shall be the New Total Exercise Amount.