Common use of Initial Option Period and Price Clause in Contracts

Initial Option Period and Price. This initial option shall continue for a period of time extending from the execution of this agreement to and including May 15, 2007. During said period, Optionee shall have the right to purchase Subject Property as surveyed, at $5000.00 per gross acre. If said option to purchase is exercised, the $5,000.00 option fee shall be applied to the purchase price. If said option is not exercised within the initial option period, and no extension is requested, said option fee shall be retained by the Owners and this agreement shall be without further force and effect except that the provisions of paragraph 7 shall survive such expiration of this agreement.

Initial Option Period and Price. This initial option shall continue for a period of time extending from the execution of this agreement to and including May 15, 2007. During said period, Optionee shall have the right to purchase Subject Property as surveyed, at $5000.00 per gross acreacre plus $50,000.00 in additional compensation to Owners for the metal building on the Subject Property. If said option to purchase is exercised, the $5,000.00 option fee shall be applied to the purchase price. If said option is not exercised within the initial option period, and no extension is requested, said option fee shall be retained by the Owners and this agreement shall be without further force and effect except that the provisions of paragraph 7 shall survive such expiration of this agreement.

Initial Option Period and Price. This initial option shall continue for a period of time extending from the execution of this agreement to and including May 15, 2007365 days. During said period, Optionee shall have the right to purchase Subject Property as surveyedProperty, at $5000.00 7,000 per gross acre, for a total purchase price of to be determined. If said option to purchase is exercised, the $5,000.00 5,000 option fee shall be applied to the purchase price. If said option is not exercised within the initial option period, and no extension is requested, said option fee shall be retained by the Owners and this agreement shall be without further force and effect except that the provisions of paragraph 7 shall survive such expiration of this agreementOwners.