Examples of Call Option in a sentence
Form of Call Option Agreement between Goldman, Sachs & Co. and First Union Bank is incorporated herein by reference to Exhibit 4.13 of the Registrant's Registration Statement on Form S-3 (No. 333-50249).
The total profit or loss of a Call Option is therefore calculated by multiplying the value of Step two by the contract multiplier.
Any obligation on the part of the Issuer to redeem a Credit Linked Note pursuant to the provisions of Condition 7.2 (Redemption following the occurrence of a Tax Event and/orIncreased Cost Event and/or Change in Law), Condition 7.3 (Early Redemption at the option of the Issuer (Call Option)) or Condition 7.4 (Early Redemption at the option of Noteholders (Put Option)), shall terminate upon the occurrence before the performance of such obligation of a Credit Event.
The Company and Ming Xin intend to apply the proceeds as general working capital for the Group.In light of the above, the Board considers that the terms of the Call Option Agreement (i) were entered into on normal commercial terms following arm’s length negotiations among the Company, Ming Xin and Mega Prime; (ii) are fair and reasonable; and (iii) are in the interests of the Company and its Shareholders as a whole.
Reasons for the grant of Call Option The Company is an investment holding company which is principally engaged in fertiliser business, magnesium product business and metallurgical flux business.A consideration of HK$2,000,000 will be payable to Ming Xin pursuant to the Call Option Agreement.