Put Options definition
Examples of Put Options in a sentence
At Expiration, Options that are in the money will be automatically closed out at intrinsic value, that is, in the case of Call Options, the amount by which the closing price of the specified FX/CFD exceeds the strike price, and in the case of Put Options, the amount by which the Strike exceeds the closing price of the specified FX/CFD.
The Seller shall be responsible for performing all calculations required in connection with the exercise and settlement of the Put Options and the delivery of ADSs as described in this Article 3.
Any Put Options not exercised prior to the Close of Business on the Expiration Date shall expire unexercised.
The Holder has valid title to the ADSs to be delivered upon exercise of the Number of Put Options under this Put Option Agreement, free and clear of all security interests, claims, liens, equities or other encumbrances.
Upon the terms and subject to the conditions of this Put Option Agreement, the Seller agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Seller, the Number of Put Options in consideration for Purchaser’s agreement to purchase all of the ADSs to be purchased pursuant to the Stock Purchase Agreement.