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exercise notice |
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Exercise notice A broker's notification from a client who wants to exercise a right to buy or sell (depending on the type of contract) the underlying security of the option contract.
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Ventas has 30 days to elect to exercise its right to reset fair market rental by sending Kindred a final exercise notice. If the Trustee does not receive the Warrant Exercise Purchase Price, then (i) Certificates issued by the CorTS Trust II for Aon Capital A will continue to accrue distributions as if no exercise notice had been given and (ii) the Call Warrant Holder may elect to deliver a conditional notice of exercise in the future. Within 30 days following the final appraiser's determination, Ventas may elect to exercise its right to reset fair market rental by sending Kindred a final exercise notice. |
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