Template:Nutshell Equity Derivatives 3.3(b): Difference between revisions

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:{{eqderivprov|3.3(b)}} '''Clean-up exercise''': In any case, {{eqderivprov|Buyer}} may exercise any number of {{eqderivprov|Options}} that does not exceed the {{eqderivprov|Maximum Number of Options}} provided that is all the remaining unexercised {{eqderivprov|Options}} on any Exercise Date and, on the {{eqderivprov|Expiration Date}}, all unexercised {{eqderivprov|Options}}.<br>
:{{eqderivprov|3.3(b)}} Notwithstanding the foregoing, on any such {{eqderivprov|Scheduled Trading Day}} {{eqderivprov|Buyer}} may exercise any number of {{eqderivprov|Options}} that does not exceed the Maximum Number of Options if it exercises all the {{eqderivprov|Options}} remaining unexercised. On the {{eqderivprov|Expiration Date}}, {{eqderivprov|Buyer}} may exercise any number of {{eqderivprov|Options}} remaining unexercised. <br>

Latest revision as of 08:34, 11 May 2022

3.3(b) Clean-up exercise: In any case, Buyer may exercise any number of Options that does not exceed the Maximum Number of Options provided that is all the remaining unexercised Options on any Exercise Date and, on the Expiration Date, all unexercised Options.
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