Option Transaction definition

Option Transaction means a transaction in respect of an Option Product, excluding Forward Transactions, that is entered into by an Option Party and Exchange for the purchase or sale of such product, the terms of which shall include this Agreement and for greater certainty also includes the particulars applicable to such Option Product as set forth in Schedule “E”;

Option Transaction shall have the meaning provided in Section 6.2.2 hereof.

Option Transaction shall have the meaning specified in Recital E.

Examples of Option Transaction in a sentence

• With respect to any Disruption Event that is applicable to an FX Transaction or Currency Option Transaction pursuant to the Definitions or as otherwise agreed by the Parties as evidenced by a Confirmation, Section 9 of the Agreement shall not be applicable in respect of such FX Transaction or Currency Option Transaction, and the Parties shall be subject to the Disruption Fallbacks (including but not limited to No Fault Termination) specified as applicable pursuant to the Definitions or such Confirmation.

• Notwithstanding Sections 2.4 and 11.12 of the Agreement, in the event of any inconsistency between the terms of a Confirmation for an FX Transaction or Currency Option Transaction and the Agreement, the terms of the Confirmation shall prevail.

• Following each adjustment to the exercise, settlement, payment or other terms of options or futures contracts on any relevant Indices traded on any Related Exchange, the Calculation Agent will make the corresponding adjustments, if any, to one or more of: i) in respect of an Index Option Transaction or an Index Basket Option Transaction, the Strike Price, the Number of Options, the Knock-in Price and the Knock-out Price.

• Without limitation of the forgoing, where an FX Transaction or Currency Option Transaction is confirmed by means of exchange of electronic messages on an electronic messaging system or by means of facsimile or telex (whether manually or automatically generated) or other document or confirming evidence shall constitute a Confirmation for the purposes of this Agreement even where not so specified therein.

• Unless otherwise specified in the relevant Confirmation, “Automatic Exercise” will apply to any Currency Option Transaction under this agreement.

More Definitions of Option Transaction

Option Transaction means a transaction granting the right, but not the obligation, to purchase or sell the subject of the transaction at the agreed price on or prior to the agreed date.

Option Transaction means a transaction that provides the buyer the right, but not the obligation, to purchase or sell a commodity specified in such transaction.

Option Transaction means the option transaction between the Issuer and the Counterparty relating to the Notes evidenced by a confirmation dated as of 30 March 2006;

Option Transaction has the meaning specified in Section 6.4.

Option Transaction shall have the meaning provided in Section 6.2 hereof.

Option Transaction means, in respect of a Non-Euro Obligation which is a Revolving Collateral Obligation, a foreign exchange option transaction entered into in respect thereof, with Rating Agency Confirmation under an Option Agreement.

Option Transaction means the put option transaction entered into on the Closing Date between the Issuer and the Option Counterparty in respect of the Collateral Securities and documented under the ISDA Master and the Option Confirmation of even date therewith together with any agreement for the time being in force amending or supplementing such transaction or agreement;