Examples of Option Down in a sentence
Save as required in relation to the settlement of consideration pursuant to the terms of this Scheme of Arrangement, all mandates relating to the payment of dividends on any Scheme Shares and other instructions (including communications preferences) given to the Company by Scheme Shareholders in force at the Scheme Record Time relating to Scheme Shares shall, as from the Effective Time, cease to be valid.
Buyer shall be entitled to receive from the proceeds of the sale of the Put Option Assets an amount equal to that portion of the Put Option Down Payment not previously refunded to Buyer by Seller hereunder.
In the event the APA Closing does not occur within one (1) year of the Put Closing Date, unless the parties otherwise agree to extend the closing period in writing, Seller shall refund to Buyer the Put Option Down Payment plus the Delayed Closing Penalty within five (5) Business Days and this Agreement shall terminate without further action of the parties.
In the event the APA Closing does not occur within one (1) year of the Put Closing Date, as extended by written agreement of the parties, and Seller fails to refund in full the Put Option Down Payment as required in Section 3(f), Seller shall promptly initiate a process to sell the Put Option Assets to a third party or parties on an expedited but commercially reasonable basis.
Within one (1) Business Day of the Exercise Date, Buyer shall pay to Seller a down payment on the Put Option Exercise Price equal to ONE HUNDRED MILLION US DOLLARS ($100,000,000.00 US) (“Put Option Down Payment”).
For each month (or portion thereof) after the ninety (90) day approval period in which the closing is delayed, the Put Option Exercise Price shall be reduced by an amount equal to one percent (1%) of the Put Option Down Payment (“Delayed Closing Penalty”).
In addition, the remaining [***] ([***]) Euro out of the USA Option Down Payment Amount shall be credited to BUYER for any future purchasing contract by BUYER from SELLER of any equipment or machinery manufactured by SELLER which is not included under this Contract (such new equipment's or machinery's total price shall be agreed by the parties hereto in good faith).
In the event the BUYER shall not exercise its right to purchase the USA Plant within 18 months of the Coming Into Force Date of this Contract, then [***] ([***]) Euros out of the USA Option Down Payment Amount shall be deemed as a conclusive and final compensation to the SELLER for the BUYER's refrainment from exercising its right to purchase the USA Plant and the SELLER shall not have any further right or claim related thereto.
Final Payout: SPS Payout:Indexation Securities Certi Plus : Generic Securities Constant Percentage 1+ Gearing Up × Option Up + Gearing Down × Option Down Where: "Constant Percentage 1" is 100 per cent.
Gearing Down means 100% Option Up means Up Call Option Down means Down Put Up Call meansMax (Up Final Redemption Value – Up Strike Percentage; Up Floor Percentage) Down Put means Max (Down Strike Percentage – Down Final Redemption Value; Down Floor Percentage) Up Strike Percentage means 100% Down Strike Percentage means 100% Up Floor Percentage means 0% Down Floor Percentage means 0%Up Final Redemption Value: Underlying Reference Value.