Common use of OPTION CONSIDERATION Clause in Contracts

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.

OPTION CONSIDERATION. Tenant/Optionee shall pay Landord/Optionorthe Optionor the 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 for the above property and it willapplyinfulltowardsthepurchaseortowards will apply in full towards the purchase or towards funds toclose to close if theoption the option is exercised. Thisoptionconsideration waspaid This option consideration was paid on __________. If the option to purchase is not exercised, for any reason, there will be no refund of any option consideration.