Exercise of Options. The Buyer may exercise an Option by delivery to the Seller of a Notice of Exercise. Subject to Section 5.3, if a Notice of Exercise with respect to an Option has not been received by the Seller prior to or at the Expiration Time, the Option shall expire and become void and of no effect. Any Notice of Exercise shall (unless otherwise agreed):
Appears in 34 contracts
Samples: Master Agreement (Morgan Stanley Managed Futures LV, L.P.), Master Agreement (Morgan Stanley Spectrum Technical Lp), Master Agreement (Morgan Stanley Spectrum Strategic Lp)
Exercise of Options. The Buyer may exercise an Option by delivery to the Seller of a Notice of Exercise. Subject to Section 5.3, if a Notice of Exercise with respect to an Option has not been received by the Seller prior to or at the Expiration Time, the Option shall expire and become void and of no effect. Any Notice of Exercise shall (unless otherwise agreed):): (A) in respect of an American Style Option,
Appears in 1 contract
Samples: Foreign Exchange and Options Master Agreement (Morgan Stanley Spectrum Global Balanced Lp)