Template:IETA Master Agreement 7: Difference between revisions

{{ietaprov|7.1}} 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|Payment Due Date}} in relation to the relevant {{ietaprov|Option Transaction}}. For the avoidance of doubt, all payments in relation to any {{ietaprov|Transaction}} deemed to be entered into pursuant to clause {{ietaprov|8}} (''{{ietaprov|Effect of Exercise}}'') will be made in accordance with the provisions of clause {{ietaprov|9}} (''{{ietaprov|Billing and Payment}}'') (to the extent that they do not relate to an {{ietaprov|Option Transaction}}). The Parties agree that any {{ietaprov|Option Transaction}} entered into between them shall be substantially in the form of {{ietaprov|Confirmation}} for {{ietaprov|Option Transaction}}s set out in {{ietaprov|Schedule 3B}} (''{{ietaprov|Form of Confirmation for Option Transactions}}'')).<br>