Examples of Option Contract in a sentence
An Option Contract may be exercised only by a Clearing Member with a Long Open Contract Position or by the Clearing House in respect of a Contract in which it is Long.
Any exercise of an Option Contract shall be in accordance with the applicable Contract Terms.
Option ContractsIf the Exchange or its designee determines that a trade price is outside the applicable Non-Reviewable Range for an Option Contract, the trade price shall be adjusted.
The Clearing House may reject any notice of exercise or abandonment of an Option if such notice does not, or appears not to, comply with the Contract Terms or the Clearing Procedures, notwithstanding any equivalent notice or other prescribed form of exercise that has been provided by the Clearing House to any Clearing Member in respect of the exercise of an Option Contract.
Any amounts in the PBA will be transferred into the Investment Account Investment Options and the PBA will no longer be available under the Beneficiary Continuation Option Contract.