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.
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.
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.
Options Exercise. A. UCART19 Product [***] CONFIDENTIAL MATERIAL REDACTED AND 3 SEPARATELY FILED WITH THE COMMISSION
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.
Options Exercise. DATE OF XXXXX XXXXX QUALIFIED NON-QUALIFIED ------------- ----- --------- ------------- 12/15/99 $0.8438 118,518 - 12/15/99 $0.8438 - 198,482
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.
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.
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).
