Common use of Exercise Right Clause in Contracts

Exercise Right. The Holder also has the right to exercise the relevant Warrants prior to the Maturity Date. In this case a duly completed voluntary exercise notice (a Voluntary Exercise Notice) must be delivered by facsimile to the Calculation Agent prior to 10.00 a.m. Milan time on any Exercise Business Day during the Exercise Period (the Effective Exercise Date) at the facsimile number set out in the form of Voluntary Exercise Notice attached as Annex V to these Final Terms. The Holder must deliver the completed Voluntary Exercise Notice to its intermediary who will be in charge of transmitting such notice it by facsimile to the Calculation Agent. If the Voluntary Exercise Notice is delivered after 10.00 a.m. on any Exercise Business Day during the Exercise Period, such Voluntary Exercise Notice will be deemed to have been delivered on the next Exercise Business Day, which Exercise Business Day shall be deemed to be the Effective Exercise Date. The Warrants specified in the Voluntary Exercise Notice shall be deemed to be validly exercised on the Effective Exercise Date only if, prior to 17.00 p.m. Milan Time of that Effective Exercise Date:

Appears in 6 contracts

Samples: www.borsaitaliana.it, www.borsaitaliana.it, www.borsaitaliana.it