Underlying Transaction definition

Underlying Transaction means, in the case of an Option Transaction, the underlying Physically Settled Futures Transaction or Financially Settled Futures Transaction as the case may be, identified in association with such Option Transaction as set forth in Schedule “E”, and which transaction becomes effective if the relevant Option Exercise Conditions have been met such that the Option Party becomes either the Buyer or the Seller (with respect to underlying Physically Settled Futures Transactions) or a Floating Price Payer or Fixed Price Payer (with respect to underlying Financially Settled Futures Transactions in financial power in respect of such transaction, as the case may be, depending on whether such Option Transaction relates to a Call Option or a Put Option, and further to the particulars of such Option Transaction as set forth in Schedule “E”;

Underlying Transaction means in respect of a Swaption, a transaction, the terms of which are identified in the Confirmation, which Underlying Transaction will not become effective unless the right to cause that Underlying Transaction to become effective has been timely exercised or deemed exercised.

Underlying Transaction means a Transaction, the terms of which are identified in the Confirmation of the Swaption, which Underlying Transaction will not become effective unless

Examples of Underlying Transaction in a sentence

• The Underlying Transaction does not involve any sale or purchase of Equity Shares from any existing shareholders of the Target Company.

• Ambuja Cements Limited holds 9,39,84,120 Equity Shares representing 50.05% of the paid up equity share capital of the Target Company.# If the number of Equity Shares acquired by Acquirer in the Offer (along with the Underlying Transaction), results in a breach of the maximum permissible non-public shareholding, Acquirer shall reduce its shareholding in compliance with, and within the time periods prescribed in, the SEBI (SAST) Regulation.

• Upon completion of the Underlying Transaction, the Acquirer shall be classified as a “promoter” of the Target Company in terms of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and shall be in control of the Target Company.

• Pursuant to the consummation of the Underlying Transaction (contemplated under the SPA) and subject to compliance with the SEBI SAST Regulations, the Acquirer will acquire control over the Target Company and shall become a promoter of the Target Company including in accordance with the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI (LODR) Regulations”).

• If a Physically Settled Interest Rate Swaption is exercised or deemed to be exercised, on each agreed Settlement Date for the payment of a Floating Amount under the Underlying Transaction, the Floating Amount Payer shall pay the Floating Amount and on each Settlement Date agreed for the payment of a Fixed Amount under the Underlying Transaction, the Fixed Amount Payer shall pay the Fixed Amount.

More Definitions of Underlying Transaction

Underlying Transaction means any transaction, contract or agreement to which the Customer is a party and on which a Transaction is based;

Underlying Transaction means the proposed sale and purchase of equity shares under the Purchase and Transfer Agreement and Sale and Purchase Agreement (as explained in paragraphs 2.1 and 2.2 of this Public Announcement)

Underlying Transaction shall have the meaning set forth in Section 10.02(a).

Underlying Transaction means the transaction in terms of the SPA, pursuant to which the Acquirer shall acquire 73,66,032 Equity Shares of the Target Company, representing 69.36% of the total paid-up equity share capital at a price of INR 94.51 (Indian Rupees Ninety Four and Fifty One Paise only) per Equity Share, from the Seller, in accordance with the terms of the SPA;

Underlying Transaction means, in the case of an Option Transaction, the underlying Physically Settled Futures Transaction or Financially Settled Futures Transaction as the case may be, identified in association with such Option Transaction as set forth in Schedule “E”, and which transaction becomes effective if the relevant Option Exercise Conditions have been met such that the Option Party becomes either the Buyer or the

Underlying Transaction means an Affiliate Transfer or Underlying Loan, as applicable.

Underlying Transaction means, in the singular, any one of, and, in the plural, all of the Original Underlying Transactions and any other transaction subject to the Lien of Section 10.1.