Underlying Transaction definition

Underlying Transaction means, in the case of an Option Transaction, the underlying Physically Settled Futures Transaction or Financially Settled Futures Transaction as the case may be, identified in association with such Option Transaction as set forth in Schedule “E”, and which transaction becomes effective if the relevant Option Exercise Conditions have been met such that the Option Party becomes either the Buyer or the Seller (with respect to underlying Physically Settled Futures Transactions) or a Floating Price Payer or Fixed Price Payer (with respect to underlying Financially Settled Futures Transactions in financial power in respect of such transaction, as the case may be, depending on whether such Option Transaction relates to a Call Option or a Put Option, and further to the particulars of such Option Transaction as set forth in Schedule “E”;

Underlying Transaction means in respect of a Swaption, a transaction, the terms of which are identified in the Confirmation, which Underlying Transaction will not become effective unless the right to cause that Underlying Transaction to become effective has been timely exercised or deemed exercised.

Underlying Transaction means a Transaction, the terms of which are identified in the Confirmation of the Swaption, which Underlying Transaction will not become effective unless

Examples of Underlying Transaction in a sentence

• The prime objective of the Acquirer for undertaking the Underlying Transaction and the Open Offer is to have substantial holding of Equity Shares and voting rights, accompanied by acquisition of control of the Target Company, with a view to enter into the growing pharmaceuticals sector.

• As disclosed in paragraphs 3.1.3 and 5.6 of this LOF, the Current Promoters intend to be reclassified as public shareholders in accordance with the procedures contained in the SEBI (LODR) Regulations, pursuant to completion of the Underlying Transaction and the Open Offer.

• As on the date of this LOF, except for the Underlying Transaction, (a) the Acquirer, its promoters, directors and key managerial personnel (as defined in the Companies Act, 2013) do not hold any ownership/ interest/ relationship/ Equity Shares/ voting rights in the Target Company; and (b) there is no direct or indirect linkages between the Acquirer and the promoters/ directors of the Target Company.

• The Option Premium Amount payable by the Option Buyer under an Option Transaction in which the relevant Underlying Transaction is a Futures Transaction equals the Option Premium Price times the Notional Quantity for such Futures Transaction times the Calculation Period for such Futures Transaction.

• Options - Option Premium Amount - in accordance with the Option Premium Payment Date; with respect to the Underlying Transaction, if the respective Option Transaction is exercised on the applicable Option Exercise Date, Invoicing will occur as per the Underlying Transaction.

More Definitions of Underlying Transaction

Underlying Transaction means, in the case of an Option Transaction, the underlying Physically Settled Futures Transaction or Financially Settled Futures Transaction as the case may be, identified in association with such Option Transaction as set forth in Schedule “E”, and which transaction becomes effective if the relevant Option Exercise Conditions have been met such that the Option Party becomes either the Buyer or the

Underlying Transaction shall have the meaning set forth in Section 10.02(a).

Underlying Transaction means the transaction in terms of the SPA, pursuant to which the Acquirer shall acquire 73,66,032 Equity Shares of the Target Company, representing 69.36% of the total paid-up equity share capital at a price of INR 94.51 (Indian Rupees Ninety Four and Fifty One Paise only) per Equity Share, from the Seller, in accordance with the terms of the SPA;

Underlying Transaction means any transaction, contract or agreement to which the Customer is a party and on which a FX Transaction is based; and

Underlying Transaction means, in the singular, any one of, and, in the plural, all of the Original Underlying Transactions and any other transaction subject to the Lien of Section 10.1.

Underlying Transaction. An Affiliate Transfer or Underlying Loan, as applicable.

Underlying Transaction means the transaction in terms of which-