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Call Option Contract
"I need a Call Option Contract for a commercial property purchase in Auckland, New Zealand, giving my company the right to purchase the property at NZD 2.5 million until March 15, 2025, with a 3% option premium payable upfront."
1. Parties: Identification and details of the Option Grantor and Option Holder
2. Background: Context of the agreement and relationship between the parties
3. Definitions: Key terms used throughout the agreement including 'Strike Price', 'Exercise Period', 'Underlying Asset', etc.
4. Grant of Option: Clear statement of the option being granted and its basic terms
5. Option Premium: Details of the premium amount, payment terms and conditions
6. Exercise of Option: Process and conditions for exercising the option, including notice requirements
7. Exercise Price: Specification of the strike price and payment terms upon exercise
8. Term and Expiry: Duration of the option and circumstances of expiration
9. Representations and Warranties: Standard warranties about capacity to enter agreement and ownership of underlying asset
10. Termination: Circumstances and process for early termination
11. Governing Law and Jurisdiction: Specification of New Zealand law and jurisdiction for disputes
1. Security Arrangements: Required when there is a need for security over the underlying asset or option rights
2. Transfer Rights: Include when the option rights may be assignable to third parties
3. Market Disruption Events: Necessary for options on publicly traded securities or assets
4. Force Majeure: Include when dealing with long-term options or complex underlying assets
5. Confidentiality: Important when the option involves sensitive commercial information
6. Tax Provisions: Include when there are specific tax implications that need to be addressed
7. Multiple Exercise Rights: Required when the option can be exercised in parts or multiple times
1. Schedule 1 - Asset Description: Detailed description of the underlying asset(s)
2. Schedule 2 - Exercise Notice Form: Template form for exercising the option
3. Schedule 3 - Calculation Methods: Detailed methodology for calculating variable prices or adjustments
4. Schedule 4 - Due Diligence Materials: List of documents provided for asset verification
5. Appendix A - Regulatory Compliance: Required compliance statements and disclosures
6. Appendix B - Related Party Consents: Any third-party consents required for the option
Authors
Business Day
Call Option
Completion
Completion Date
Conditions Precedent
Confidential Information
Default Event
Due Diligence Materials
Effective Date
Encumbrance
Exercise Notice
Exercise Period
Exercise Price
Expiry Date
Force Majeure Event
Grant Date
GST
Initial Period
Loss
Market Disruption Event
Material Adverse Change
Option
Option Fee
Option Period
Option Premium
Permitted Encumbrance
Related Entity
Representative
Security Interest
Strike Price
Underlying Asset
Valuation Date
Working Day
Option Premium
Exercise Rights
Exercise Period
Exercise Price
Completion Mechanics
Payment Terms
Representations and Warranties
Conditions Precedent
Due Diligence
Asset Protection
Security Arrangements
Confidentiality
Assignment and Transfer
Force Majeure
Default
Termination
Dispute Resolution
Notices
GST and Tax
Costs and Stamp Duty
Governing Law
General Provisions
Interpretation
Time of Essence
Further Assurance
Financial Services
Real Estate
Mining and Resources
Agriculture
Technology
Manufacturing
Retail
Private Equity
Investment Banking
Commercial Property
Legal
Finance
Corporate Development
Risk and Compliance
Real Estate
Investment
Treasury
Business Development
Asset Management
Commercial Operations
Legal Counsel
Commercial Director
Chief Financial Officer
Investment Manager
Corporate Lawyer
Business Development Manager
Property Manager
Asset Manager
Risk Manager
Compliance Officer
Transaction Manager
Finance Director
Investment Banker
Real Estate Developer
Portfolio Manager
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