Common use of Grant of Option and Option Price Clause in Contracts

Grant of Option and Option Price. In consideration of Optionor’s receipt of the Option Fee, Optionor hereby grants the Option to Optionee. The Option shall be exercisable in whole, but not in part, during the Option Period. Optionee shall pay Optionor the Option Fee in immediately available funds within two (2) Business Days after the Opening of Escrow.

Grant of Option and Option Price. In consideration of Optionor’s Optionors’ receipt of the Option Fee, Optionor Optionors hereby grants grant the Option to Optionee. The Option shall be exercisable in whole, but not in part, during the Option Period. Optionee shall pay Optionor Optionors the Option Fee in immediately available funds within two (2) Business Days after the Opening of Escrow.