Examples of Option Transaction in a sentence
The Transaction constitutes a Share Option Transaction for purposes of the Equity Definitions.
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.
For this purpose the Lender agrees that the Borrower may allocate such amount of the Loaned Securities as may be required to the settlement of the obligations of the Lender under the Equity Option Transaction to the Borrower.
It is recorded that a quantity of the Loaned Securities may be required to be delivered by the Lender to the Borrower under the terms of the Equity Option Transaction.
Notwithstanding the retention of all Income in respect of the Loaned Securities by the Borrower, the Lender acknowledges and agrees that the Lender has been compensated for any distributions which the Lender would have been entitled to receive during the period of this transaction by virtue of the fact that the Borrower has adjusted the terms of the Equity Option Transaction accordingly to take into account the benefit received by the Borrower in terms of hereof.