Examples of Option Seller in a sentence
Recourse Against Exchange – Exchange agrees to pay the Cash Settlement Amount, MTM Settlement Amount and Daily Financially Settled Futures Settlement Amount, if any, to the Contracting Party in respect of a Financially Settled Futures Transaction and Exchange agrees to pay the Option Premium Amount to the Option Seller in respect of an Option Transaction, each case to the extent required under the terms applicable to such Financially Settled Futures Transaction or Option Transaction.
Upon Bxxxx’s exercise of the Option, Seller will convey the Purchased Assets to Buyer and Buyer shall pay the Purchase price to Seller, and Buyer and Seller will sign and deliver to one another the Acquisition Documents, on the 30th day following the Effective Date or on such other date as Buyer and Seller shall agree upon in writing (the “Closing”).
Option Buyer desires to acquire and receive from Option Seller, and Option Seller desires to sell and grant to Option Buyer, the exclusive right and option for Option Buyer, or its designee or assignee (as applicable, “Buyer”), to acquire, on a future date, certain assets (the “Assets”) owned and controlled by Option Seller (“Seller”), which assets are described more fully in the attached Schedule A to this Agreement, subject to and as provided for in this Agreement.
The premium amount for the purchase of an Option shall be paid within two (2) Business Days of receipt of an invoice from the Option Seller.
Upon proper exercise of the Option by the Option Buyer, the Option Seller will be obligated to sell and deliver the Product for the Delivery Period for which the Option has been exercised.