OPTION CONSIDERATION. As consideration for this Option to Purchase Agreement, the Buyer/ Tenant shall pay the Seller/Landlord a non-refundable fee of Dollars ($ ), receipt of which is hereby acknowledged by the Seller/Landlord. This amount shall be credited to the purchase price at closing if the Buyer/Tenant timely exercises the option to purchase, provided that the Buyer/Tenant: (a) is not in default of the Lease Agreement, and (b) closes the conveyance of the Property. The Seller/Landlord shall not refund the fee if the Buyer/Tenant defaults in the Lease Agreement, fails to close the conveyance, or otherwise does not exercise the option to purchase.
OPTION CONSIDERATION. In consideration for the Purchase Option, and as an initial deposit for the purchase of the Station Assets, Buyer shall pay to Seller, within one business day after the date hereof, (i) by wire transfer of immediately available funds to an account designated by Seller, $50,000 (the "Option Payment"), and (ii) by wire transfer of immediately available funds to an account designated by Jxxx Xxxxxx & Co., LLC, acting as Escrow Agent, $200,000 (the "Initial Deposit"), for a total of $250,000. The Escrow Deposit shall be held pursuant to the terms of an Escrow Agreement, a copy of which is attached hereto as Exhibit B. In the event that Buyer does not exercise the Purchase Option within the Option Period, or in the event that Buyer notifies Seller that Buyer intends to terminate this Agreement without exercising the Purchase Option, Buyer shall forfeit, and Seller shall retain, the Option Payment, and shall within one business day execute escrow instructions instructing the Escrow Agent to refund the Initial Deposit, and any interest accrued thereon, to Buyer by wire transfer of immediately available funds to an account designated by Buyer. Seller acknowledges and agrees that in such event, the retention of the Option Payment by Seller shall be Seller's sole and exclusive compensation for Buyer's election not to exercise the Purchase Option, and that Seller shall not be entitled to any other remedy of any kind, at law or in equity, for such election by Buyer. In the event that Buyer does exercise the Purchase Option, the Option Payment and the Initial Deposit shall be applied towards the Purchase Price as set forth in the Asset Purchase Agreement.
OPTION CONSIDERATION. In a rent-to-own agreement, the tenant pays consideration in exchange for the exclusive option to purchase the property. Specify if the consideration will be a portion of the monthly rent or a non-refundable upfront fee. Step 23 – Provide Purchase Deposit Details 29.
OPTION CONSIDERATION. 41 Parent.........................................................................1
OPTION CONSIDERATION. As consideration for this Option to Purchase agreement, the Buyer/s/ Tenant/s shall pay the Seller/ Landlord/ Landlady a non-refundable fee of ______________________________________(in words) _______________________ receipt of which is hereby acknowledged by the Seller/Landlord. This amount shall be credited to the purchase price at closing if the Buyer/s/Tenant/s timely exercises the option to purchase, provided that the Buyer/s/Tenant/s:
(a) is not in default of the Lease Agreement, and
(b) closes the conveyance of the Property. The Seller/Landlord/Landlady shall not refund the fee if the Buyer/s/Tenant/s defaults in the Lease Agreement, fails to close the conveyance, or otherwise does not exercise the option to purchase.
OPTION CONSIDERATION. Buyer/Tenant shall remit option consideration in the sum of $ to Seller/Landlord upon execution of this Option to Purchase Agreement, which amount is non-refundable. In the event Buyer/Tenant timely exercises this option, is not in default of the Lease Agreement and actually closes the conveyance of the Property, the option consideration shall be credited to the purchase price at closing. If Buyer/Tenant fail to exercise this option, defaults in the Lease Agreement or fails to close the conveyance, the option fee shall not be refunded.
OPTION CONSIDERATION. For and in consideration of the Option herein granted, Optionee has paid, and Optionor hereby acknowledges receipt of, the sum of One Hundred Dollars and No/Cents ($100.00) (the “Option Consideration”). The Option Consideration is not refundable under any circumstances and may not be applied against any sums payable pursuant to the Acquisition Agreement.
OPTION CONSIDERATION. 13 Options.................................................................
OPTION CONSIDERATION. (a) (i) Owner hereby grants to the Operating Partnership an option (the “Option”) to acquire Owner’s fee interest in Parcel I and all of Owner’s right, title and interest in and to the Leases and all hereditaments thereto and all of Owner’s assets (other than Excluded Assets) as of the Valuation Date (collectively, the “Assets”) for the Consideration determined in accordance with Section 2(b), subject to closing adjustments as provided herein.
OPTION CONSIDERATION. Tenant/Optionee shall pay Landord/Optionorthe amount of $10.00 (Ten Dollars) as fair and valuable non-refundable consideration. This consideration was paid on Should this Agreement be assigned, Assignee will pay Assignor of The Agreement nonrefundable option consideration of $ _ fortheabovepropertyand it willapplyinfulltowardsthepurchaseortowards funds toclose if theoption is exercised. Thisoptionconsideration waspaid on If the option to purchase is not exercised, for any reason, there will be no refund of any option consideration.
