Option Contracts. Client may authorize AFEX to enter into an Option Contract so long as AFEX has determined Client to be a Permitted Counterparty. AFEX may require Client to provide certain documentation, including without limitation, audited financial statements and certifications, in order to reach a determination on Client’s status as a Permitted Counterparty. Each Option Contract will be governed by the provisions of this Agreement in addition to the terms set out in the Option Contract.
Option Contracts. All put and call option contracts, whether purchased or written, on marketable securities, financial futures, foreign currencies, foreign exchange or foreign exchange futures contracts. Foreign Exchange Contracts – All contracts for future purchase or sale of foreign currencies, foreign currency or cross currency swap contracts, or foreign exchange futures contracts.
Option Contracts. The Client may request Argentex to enter into an Option Contract only by delivering an Instruction. Each Option Contract will be governed by the provisions of this clause 7 (Option Contracts), in addition to the rest of these Terms and Conditions and the Agreement.
Option Contracts. The Custodian's responsibilities regarding option contracts will be governed by the following sub-paragraphs:
(a) Unless more particularly described below, Written or Oral Instructions regarding option contracts purchased or sold by any Series shall state (i) the price at which the underlying Security may be bought or sold, (ii) the issuer, the title and number of the Interests or principal amount of such Security, (iii) the premium to be paid, (iv) the expiration date of the option contract, (v) if the transaction is a "closing sale transaction," whether the sale requires delivery of a certificate of ownership to the broker through whom the sale is made and (vi) if the transaction is a purchase of an option contract, the requirement that payment of the premium be made only upon receipt of a certificate of ownership executed by the broker through whom the purchase is made.
(b) Whenever a Series sells an option contract, Written or Oral Instructions to the Custodian must state (ii) the issuer, the title and number of Interests or principal amount of the Security subject to the option contract, (ii) the exercise price of the option contract, (iii) the expiration date of the option contract, (iv) the premium to be received by the Series, (v) the name of the broker from whom the premium is to be received and (vi) if the option is a call, whether it is covered. If the option contract sold is a put, the Written or Oral Instructions shall also state (i) the amount and kind of collateral required by the broker or (ii) the amount and kind of assets of the Series, if any, that shall be segregated from the general assets of the Series and held by the Custodian in a segregated option account (the "Option Account"). If collateral is required, the Custodian shall deliver the collateral directly to the broker through whom such option was written and receive in return a receipt and a confirmation of the option transaction, in accordance with the customs prevailing among brokers in such securities. If an Option Account is established, the Custodian shall maintain it as specified in Written or Oral Instructions.
(c) If the Custodian (i) acts as escrow agent with respect to a covered call option contract, (ii) maintains securities underlying a covered call option contract with a Securities Depository or (iii) holds assets in the Option Account in connection with a put option contract, the Custodian shall deliver, or cause to be delivered, all receipts required by the customs...
Option Contracts. 7.1 Option Contracts must not be entered into by a Customer with GRC for the purpose of Speculation or investment. By entering into an Option Contract with GRC, the Customer is deemed to represent and warrant to GRC at that time and at all times thereafter that the purpose of the Option Contract is solely for Hedging.
7.2 GRC may offer Option Contracts comprised of any of the Options described in the Product Disclosure Statement, a copy of which the Customer has received and confirms it understands.
7.3 The Customer must indicate to GRC the Currency, the contract amount, the type of Option desired, the option exercise (strike) price, the expiry date and the Currency in which the Customer will pay any premium, if required.
7.4 For certain Option Contracts GRC may, require the Customer to pay a premium at the time that the Option Contract is entered into or at a future date agreed to in writing between GRC and the Customer.
7.5 The Customer may only exercise the Option stipulated in the Option Contract in accordance with the terms and conditions of the Option Contract by giving notice to GRC of its intention to exercise said Option Contract. Exercise occurs when the Customer gives notice to GRC to convert the Option Contract into the underlying foreign exchange Currency, provided that any premium due has also been received by GRC. The Customer acknowledges and agrees that if the Option Contract trades at or beyond a barrier level or is “in-the-money”, GRC shall have the right to convert the Option Contract into the underlying Currency on such Option Contract’s Expiry Date.
7.6 If the Option provided for in the Option Contract has been exercised in accordance with Section 7.5, then each party to such Option Contract shall pay the Currency and amount due thereunder to the other party on the Settlement Date.
7.7 The Customer may notify GRC that it desires to offset or close-out an Option Contract (a “Notice of Option Cancellation”), specifying the reason for such offset or close-out. GRC may, in its sole discretion, agree to the request in the Notice of Option Cancellation provided that the Customer has paid any required premium as determined by GRC and any Notice of Option Cancellation has been received by GRC before the Expiry Time on the Expiry Date of such Option Contract. GRC will evaluate the relevant closing strike rate and premium and the net difference will be charged to the Customer for immediate payment. Any cancellation or modification must support ...
Option Contracts. Client may authorise AFEX to mitigate the potential Loss(es). In the event of such a Termination Event, Client agrees to pay to AFEX on demand within five (5) clear Business Days the amount of any and all Losses incurred by AFEX in connection with the termination and unwinding of the Option Contract(s) and Forward Contract(s). Where an Option Contract and/or Forward Contract has been terminated, Client agrees that AFEX’s sole liability to Client is to return any amounts Client paid to AFEX that remain after deducting all amounts owed to AFEX. Client understands and agrees that Client cannot terminate an Option Contract or Forward Contract, except as contemplated in this clause.
Option Contracts. Option contracts are not securities eligible to participate in the Settlement. With respect to HyreCar common stock purchased through the exercise of an option, the purchase date of the stock shall be the exercise date of the option, and the purchase price of the stock shall be the closing price of HyreCar common stock on the date of exercise. Any Recognized Loss Amount arising from purchases of HyreCar common stock acquired during the Settlement Class Period through the exercise of an option on HyreCar common stock shall be computed as provided for other purchases of HyreCar common stock in the Plan of Allocation.
Option Contracts. Option contracts grant the buyer the right to buy (call) or sell (put) a specified quantity of an underlying instrument from the seller at a predetermined price (strike price). Options can be either "European Options," exercisable on a definite date, or "American Options," exercisable at any time until the maturity date. The price paid for this right is called the premium. The seller commits to selling (call) or buying (put) the underlying instrument or paying the difference between the strike price and the current price, depending on the option type. Market risk is limited to the premium for buyers but considerably higher for sellers. Buyers also bear counterparty risk. Risk is related to the difference between the strike price and the current price for both buyers and sellers.
Option Contracts. Restatement (2d) Sec. 45
