Option Writer definition
Examples of Option Writer in a sentence
Notwithstanding any provision of this Section to the contrary, either Option Writer or HM may make any disclosure required to be made by it under applicable law (including federal securities law) if it determines in good faith that it is necessary to do so, and gives prior notice to the other party and discusses such disclosure with such other party.
The shares of HM Common Stock into which the Preferred Shares may be convertible shall not be subject to any restrictions on sale or transfer by Option Writer pursuant to this Agreement.
In addition, either Option Writer or HM may make any disclosure to which the other party gives its prior written consent.
The number of shares of Preferred Stock to be acquired by Option Writer, if any, will be determined in accordance with applicable provisions of the Option Agreement.
Such shares of HM Common Stock shall be free and clear of any lien, encumbrance or other restriction (other than as set forth in the Transaction Agreements), and upon conversion as provided in the Certificate of Designations, Option Writer will acquire good title to the requisite number of shares of HM Common Stock, free and clear of any lien, encumbrance or other restriction (other than as set forth in the Transaction Agreements).
Automatic exercise shall be excluded if the Option Purchaser notifies the Option Writer by telephone or in writing that it does not wish the Option to be exercisedautomatically before the Exercise Date for the Foreign Exchange Option.2.6. The provisions of points 1.5 to 1.11 of this Article of the Terms and Conditions shall apply to Foreign Exchange Options mutatis mutandis.
Upon issuance pursuant to this Agreement, the Preferred Shares shall be free and clear of any lien, encumbrance or other restriction (other than as set forth in the Transaction Agreements), and upon delivery of and payment for the Preferred Shares as provided in this Agreement, Option Writer will acquire good title to the Preferred Shares purchased under this Agreement, free and clear of any lien, encumbrance or other restriction (other than as set forth in the Transaction Agreements).
Option Writer shall keep all documents or information delivered to Option Writer pursuant to this Section 6.12 (except for the Form 10-K and Annual Report and statements described in clauses (b) and (c) above) in strictest confidence and shall use them solely in connection with the Transaction Agreements, except as otherwise required by law.
If, within twenty (20) days following delivery of the Notice of Objection to Company, Company and such Option Writer cannot reach an agreement regarding the exercise of the Securities Issuance Option, their dispute shall be submitted to dispute resolution in accordance with Article 8 below.
Trenwick and Option Writer shall have entered into the Registration Rights Agreement as described in Section 6.2.