Common use of Option Money Clause in Contracts

Option Money. In payment for Owner’s grant of the Option, Optionee has paid or will pay Owner the following sums: (the “Option Money Payments”): (1) Contemporaneously with the execution of this Option Agreement, Optionee has paid Owner the cash sum of $_______ mentioned in Section 1; and (2) Contemporaneously with Optionee’s election to extend the Option term under Section 2, Optionee will pay Owner the cash sum of $_______.

Option Money. In payment for Owner’s grant of the Option, Optionee has paid or will pay Owner the following sums: (the “Option Money Payments”): (1) Contemporaneously with the execution of this Option Agreement, Optionee has paid Owner the cash sum of $_______ mentioned in Section 1; and (2) Contemporaneously with Optionee’s election to extend the Option term under Section 22.1, Optionee will pay Owner the cash sum of $_______.

Option Money. In payment for Owner’s grant of the Option, Optionee has paid or will pay Owner the following sums: (the “Option Money Payments”): (1) Contemporaneously with the execution of this Option Agreement, Optionee has paid Owner the cash sum of $_______ mentioned in Section 1_; and (2) Contemporaneously with Optionee’s election to extend the Option term under Section 22.1, Optionee will pay Owner the cash sum of $_______.

Option Money. In payment for Owner’s grant of the Option, Optionee has paid or will pay Owner the following sums: (the “Option Money Payments”): (1) Contemporaneously with the execution of this Option Agreement, Optionee has paid Owner the cash sum of $_______ mentioned in Section 1___; and (2) Contemporaneously with Optionee’s election to extend the Option term under Section 22.1, Optionee will pay Owner the cash sum of $_______.