Option Fee. On the date hereof, Purchaser agrees to deliver to Owner the sum of One Thousand ($1,000.00) (the "Option Fee"). In the event that Purchaser exercises the Option, the Option Fee shall not be applied to the purchase price of the Premises. If Purchaser does not exercise the Option, Owner shall retain the Option Fee.
Appears in 4 contracts
Samples: Option Agreement (Oregon Trail Ethanol Coalition LLC), Option Agreement (Oregon Trail Ethanol Coalition LLC), Option Agreement (Oregon Trail Ethanol Coalition LLC)
Option Fee. On the date hereof, Purchaser agrees to deliver to Owner the sum of One Thousand Two Hundred Fifty Dollars ($1,000.00250.00) (the "Option Fee"). In the event that Purchaser exercises the Option, the Option Fee shall not be applied to the purchase price of the Premises. If Purchaser does not exercise the Option, Owner shall retain the Option Fee.
Appears in 2 contracts
Samples: Option Agreement (Oregon Trail Ethanol Coalition LLC), Option Agreement (Oregon Trail Ethanol Coalition LLC)