IETA Wikitext: Difference between revisions

IETA Wikitext (view source)

829 bytes removed , 12 July 2023

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-{{ietaprov|8}}	Effect of {{ietaprov|Option}} Exercise<br>
-{{ietaprov|8.1}}	Upon the {{ietaprov|Buyer}} exercising an {{ietaprov|Option}} in accordance with Clause 7 ({{ietaprov|Option Transaction}}s):<br>
-:{{ietaprov|8.1(a)}}	the relevant {{ietaprov|Option}} {{ietaprov|Transaction}} will be terminated to the extent it relates to the {{ietaprov|Option}} (but without prejudice to any claim that the {{ietaprov|Seller}} may have in respect of any unpaid {{ietaprov|Premium}} or other amount relating to such {{ietaprov|Option Transaction}}); and<br>
-:{{ietaprov|8.1(b)}}	the Parties will be deemed to have entered into a {{ietaprov|Transaction}} evidenced by and on the terms set out in the part of the relevant {{ietaprov|Confirmation}} for such {{ietaprov|Option}} {{ietaprov|Transaction}} that relates to such Transaction.<br>
 {{ietaprov|9}}	Billing and Payment<br>
 {{ietaprov|9.1}}	{{ietaprov|Payment Due Date}}. Payment for each {{ietaprov|Transaction}} shall be due on the {{ietaprov|Payment Due Date}}. The {{ietaprov|Premium}} in respect of the purchase of an {{ietaprov|Option}} shall be paid by the {{ietaprov|Buyer}} to the {{ietaprov|Seller}} on the {{ietaprov|Premium Payment Date}} in relation to the relevant {{ietaprov|Option Transaction}}.<br>