Consideration for Option. In consideration of the payment to the Seller of the sum of $1.00, receipt of which is acknowledged, the Seller agrees to and does give and grant to PGE the exclusive and irrevocable option to purchase from the Seller the rights in the Literary Property as described in Exhibit “A” for the total purchase price specified and payable as provided in Exhibit “A”, provided that any sums paid under this Clause 2 or any other provision of this agreement with respect to the option will be credited against the first sums payable on account of such purchase price. If PGE fails to exercise this option, then the sums paid to the Seller hereunder with respect to the option will be and remain the sole property of the Seller.
Consideration for Option. This Option is granted in consideration of the payment by Optionee to Optionor of One Dollar ($1.00), receipt of which payment is hereby acknowledged by Optionor, and for other good and valuable consideration.
Consideration for Option. In consideration for the Option granted herein, Optionee has, among other things, simultaneous with the execution hereof, paid to Optionor the sum of One Thousand Dollars ($1,000.00) (the "Option Payment"), receipt of which is hereby acknowledged by Optionor.
Consideration for Option. Optionee shall pay Optionor, as consideration for the Option granted by this Agreement, the amount of $100,000 (the “Option Price”). The Option Price shall be paid in accordance with written instructions provided by Optionor to Optionee promptly following the execution and delivery of this Option. The Option Price shall be credited ,against the Purchase Price at the closing of the purchase of the Property pursuant to the Purchase Agreement. If Optionee does not exercise the Option as set forth herein, Optionor shall have the right to retain the Option Price as consideration, not a penalty, for the grant of the Option to Optionee.
Consideration for Option. Subject to the terms and conditions of this Agreement, the Optionee hereby pays to the Optionor, and the Optionor hereby accepts from the Optionee, the sum of US$2.00 as consideration for the granting of the Option (as hereinafter defined).
Consideration for Option. In consideration of the payment to Owner of the sum of ________________ receipt of which is hereby acknowledged, Owner agrees to and does hereby give and grant to Purchaser the exclusive and irrevocable option to purchase from Owner the rights in the Property as described in Exhibit "A" for the total purchase price specified and payable as provided in Exhibit "A," provided that any sums paid under this Clause 2 or any other provision of this agreement with respect to the option shall be credited against the first sums payable on account of such purchase price. If Purchaser shall fail to exercise this option, then the sums paid to Owner hereunder with respect to the option shall be and remain the sole property of Owner.
Consideration for Option. Barth agrees to pay all attorney's, government and other fees, xxxxs and expenses incurred by Schmitt to revive the Patent Pending in a total amount not to exxxxx xifteen hundred dollars ($1,500), plus Schmitt's attorney's fees paid for preparation of this Agreement in xx xmount not to exceed five-hundred dollars ($500). Barth further agrees to pay all costs, expenses and attorney's xxxx necessary, after reinstatement of the patent pending, to maintain the patent pending prior to or after exercise of the option.
Consideration for Option. The Purchase Price in the Asset Purchase Agreement is acknowledged to be adequate consideration paid by Parent and Subsidiary for the Option granted under this Agreement.
Consideration for Option. The Option is granted in consideration ------------------------ of the payment of $10.00 and other good and valuable consideration.
Consideration for Option. (a) In consideration for the Option hereby granted, ORION shall pay MMS the sum of US$ 49.4 million (the "Option Price"), which sum shall be paid in Installments as specified in the table below on or before the dates specified in such table: Installment Payment Date Total Option Installment Installment ----------- ------------ ------------ ----------- ----------- No. Installment Amount Amount --- ----------- ------ ------ Amount (Spacecraft) (Launcher) ------ ------------ ---------- Total US$ 49.4 Million US$ 40.0 Million US$ 9.4 Million *Consists of $200,000 already paid and $800,000 to be paid to Lockheed Mxxxxx (Launcher provider) for a Launch reservation (covering the period May 1, 1999 through July 31, 1999).
(b) MMS shall provide ORION ten (10) days written notice of each payment due hereunder after Installment No.3;
(c) The Option Price shall not be refundable in whole or in part under any circumstances, including the bankruptcy or insolvency of ORION;
(d) The parties have agreed that, in the event ORION's planned financings are not closed and funds disbursed by March 31, 1997, ORION may extend Installment No.3 until April 30, 1997 by making a partial payment of $2.5 million _________________________________ ______________ on or before March 31, 1997. Moreover, to the extent net proceeds from ORION's planned public debt financings are greater than _________________ (exclusive of prefunded amounts to pay interest), ORION will accelerate Installments No.4 and No.6 of the Launcher Payments.
