Examples of Exercise Notice in a sentence
Any Exercise Notice which purports to exercise Warrants in breach of this provision shall be void and of no effect.
If the Warrants are Cash Settled Warrants and Automatic Exercise is specified as applying in the applicable Final Terms, any such American Style Warrant with respect to which no Exercise Notice has been delivered in the manner set out in Condition 6, at or prior to 5.00 p.m., New York City time, on the Business Day in New York immediately preceding the Expiration Date, shall be automatically exercised on the Expiration Date and the provisions of Condition 6(I) shall apply.
Any Exercise Notice so determined to be incomplete or not in proper form shall be void.
If Units are specified in the applicable Final Terms, Warrants must be exercised in Units and any Exercise Notice which purports to exercise Warrants in breach of this provision shall be void and of no effect.
Delivery of an Exercise Notice shall constitute an irrevocable election by the relevant Holder to exercise the Warrants specified.
Upon receipt of an Exercise Notice, the Programme Agent will verify that the person exercising the Securities specified therein was, on the relevant Exercise Date, the Holder thereof according to the Register.
In the case of Warrants represented by a Rule 144A Global Warrant held by a Custodian on behalf of DTC, upon receipt of an Exercise Notice, the New York Warrant Agent shall verify that the person exercising the Warrants is the Holder according to the records of DTC.
If the Programme Agent is unable so to verify, such Exercise Notice shall be deemed not to have been given.
The Programme Agent will endeavour to notify the Holder of an Exercise Notice which is incomplete or not in proper form as soon as possible after it becomes aware of the improper exercise.
Any Security with respect to which no Exercise Notice has been delivered to the Programme Agent, in the manner set out in Condition 4, at or prior to 10.00 a.m. (Local Time) on the relevant Final Exercise Date shall be automatically exercised on the Final Exercise Date (and the Exercise Date for such Securities will be the Final Exercise Date) subject to and in accordance with the provisions of Condition 3.6.