Common use of Consideration for Option Clause in Contracts

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.

Appears in 2 contracts

Samples: Option Agreement (Eldertrust), Option Agreement (Eldertrust)

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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 and no/100 ($1,000.00) (the "β€œOption Payment"”), receipt of which is hereby acknowledged by Optionor.

Appears in 2 contracts

Samples: Option to Purchase Agreement, Option to Purchase Agreement (Concord Efs Inc)

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