Examples of Multiple Exercise in a sentence
Multiple Exercise: Applicable, as described under “Automatic Exercise” below.
Multiple Exercise: If American Option, Applicable; if European Option, Not Applicable.
Delete if Multiple Exercise is not applicable.3 Unless specified otherwise here, the Integral Multiple will be one.
For the avoidance of doubt, in respect of an American Option to which Multiple Exercise is applicable, upon less than all the Options being exercised on a day on or in respect of which an FX Disruption occurs, then such event will only constitute an FX Disruption in respect of the exercised Options for which such day is a Valuation Date and will not constitute an FX Disruption in respect of the unexercised Options.
If the number of Instruments specified in such Exercise Notice does not exceed the number of Instruments held in such specified account then, on or prior to the Maturity Date (in the case of a Multiple Exercise Instrument, the la st Maturity Date only), the Relevant Clearing System will debit such account with the Instruments being exercised (but without prejudice to the accrued rights of the relevant Holder).