SETTLEMENT AT IN-THE. MONEY AMOUNT. An Option shall be settled at its In-the-Money Amount if so agreed by the Parties at the time such Option is entered into. In such case, the In-the-Money Amount shall be determined based upon the Spot Price at the time of exercise or as soon thereafter as practicable. The sole obligations of the Parties with respect to settlement of such Option shall be to deliver or receive the In-the-Money Amount of such Option on the Settlement Date.
Appears in 5 contracts
Samples: Foreign Exchange and Options Master Agreement (Witter Dean Spectrum Strategic Lp), Foreign Exchange and Options Master Agreement (Morgan Stanley Dean Witter Spectrum Currency Lp), Foreign Exchange and Options Master Agreement (Morgan Stanley Dean Witter Spectrum Select Lp)
