Common use of OPTION ONLY Clause in Contracts

OPTION ONLY. This is an option only and except as specifically provided otherwise, nothing herein contained shall be construed as obligating the Optionee to do any acts or make any payments hereunder and any act or acts, or payment or payments as shall be made hereunder shall not be construed as obligating the Optionee to do any further act or make any further payment. If the Option is terminated before the Option is exercised, the Optionee shall not be bound thereafter in debt, damages or otherwise under this Agreement, except in respect of obligations arising prior to such termination or otherwise provided for in this Agreement, and all payments theretofore paid by the Optionee shall be retained by the Optionor for its own use absolutely.

OPTION ONLY. This is an option only and except as specifically provided otherwise, nothing herein contained shall be construed as obligating the Optionee to do any acts or make any payments hereunder and any act or acts, or payment or payments as shall be made hereunder shall not be construed as obligating the Optionee to do any further act or make any further payment. If the Option is terminated before the Option is exercised, the Optionee shall not be bound thereafter in debt, damages or otherwise under this Agreement, except in respect of obligations arising prior to such termination or otherwise as provided for in this Agreement, and all payments theretofore paid by the Optionee shall be retained by the Optionor Optionors for its their own use absolutely.

OPTION ONLY. This is an option only and except as specifically provided otherwise, nothing herein contained shall be construed as obligating the Optionee to do any acts or make any payments hereunder and any act or acts, or payment or payments as shall be made hereunder shall not be construed as obligating the Optionee to do any further act or make any further payment. If the Option this Agreement is terminated before the Option is exercised, Optionee has earned its 100% interest in the Property the Optionee shall not be bound thereafter in debt, damages or otherwise under this Agreement, except in respect of obligations arising prior to such termination or otherwise provided for in this Agreement, Agreement and all payments theretofore paid by the Optionee shall be retained by the Optionor as the sole consideration for its own use absolutelyentering into this Agreement and for the rights conferred on the Optionee thereby.

OPTION ONLY. This is an option only and except as specifically provided otherwise, nothing herein contained in this Agreement shall be construed as obligating the Optionee to do any acts or make any payments hereunder hereunder, and any act or acts, or payment acts or payments as shall be made hereunder shall not be construed as obligating the Optionee to do any further act acts or make any further paymentpayments. If the Option this Agreement is terminated before the Option is exercised, the Optionee shall not be bound thereafter in debt, damages or otherwise under this Agreement, Agreement save and except in respect of obligations arising prior to such termination or otherwise as provided for in this Agreement, Section 13 and with respect to obligations arising from termination; and all payments theretofore paid made by the Optionee shall be retained by the Optionor in consideration for its own use absolutelyentering into this Agreement and for the rights conferred on the Optionee thereby.

OPTION ONLY. This is an option only and except as specifically provided otherwise, nothing herein contained shall be construed as obligating the Optionee to do any acts or make any payments hereunder and any act or acts, or payment or payments as shall be made hereunder shall not be construed as obligating the Optionee to do any further act or make any further payment. If the Option this Agreement is terminated before the Option is exercised, Optionee has earned its 100% interest in the Properties the Optionee shall not be bound thereafter in debt, damages or otherwise under this Agreement, except in respect of obligations arising prior to such termination or otherwise provided for in this Agreement, Agreement and all payments theretofore paid by the Optionee shall be retained by the Optionor as the sole consideration for its own use absolutelyentering into this Agreement and for the rights conferred on the Optionee thereby.

OPTION ONLY. This is an option only and except as specifically provided otherwise, nothing herein contained shall be construed as obligating the Optionee to do any acts or make any payments hereunder and any act or acts, or payment or payments as shall be made hereunder shall not be construed as obligating the Optionee to do any further act or make any further payment. If the Option is terminated before the Option is exercised, the Optionee shall not be bound thereafter in debt, damages or otherwise under this Agreement, except in respect of obligations arising prior to such termination or otherwise as provided for in this Agreement, and all payments theretofore paid by the Optionee shall be retained by the Optionor for its own use absolutely.

OPTION ONLY. 12.1 This is an option only and except as specifically provided otherwise, nothing herein contained shall be construed as obligating the Optionee to do any acts or make any payments hereunder and any act or acts, or payment or payments as shall be made hereunder shall not be construed as obligating the Optionee to do any further act or make any further payment. If the Option this Agreement is terminated before the Option is exercised, the Optionee shall not be bound thereafter in debt, damages or otherwise under this Agreement, Agreement save and except in respect of obligations arising prior to such termination or otherwise as provided for in this Agreement, paragraph 8 and with respect to obligations arising from termination; and all payments theretofore paid by the Optionee shall be retained by the Optionor Optionors in consideration for its own use absolutelyentering into this Agreement and for the rights conferred on the Optionee thereby.

OPTION ONLY. This The Option is an option only and except as specifically provided otherwise, nothing herein contained shall be construed as obligating the Optionee to do any acts or make any payments hereunder and any act or acts, or payment or payments as shall be made hereunder shall not be construed as obligating the Optionee to do any further act or make any further payment. If the Option this Agreement is terminated before the Option is exercised, the Optionee shall not be bound thereafter in debt, damages or otherwise under this Agreement, Agreement save and except in respect of obligations arising prior to such termination or otherwise as provided for in this Agreementhereunder with respect to the Termination Obligations (as such term is defined herein), and all payments (including without limitation the Payments and the Obligations) theretofore paid by the Optionee shall be retained by the Optionor in consideration for its own use absolutelyentering into this Agreement and for the rights conferred on the Optionee thereby.

OPTION ONLY. This is an option only and except as specifically provided otherwise, nothing herein contained in this Agreement shall be construed as obligating the Optionee to do any acts or make any payments hereunder hereunder, and any act or acts, or payment acts or payments as shall be made hereunder shall not be construed as obligating the Optionee to do any further act acts or make any further paymentpayments. If the Option this Agreement is terminated before the Option is exercised, the Optionee shall not be bound thereafter in debt, damages or otherwise under this Agreement, Agreement save and except in respect of obligations arising prior to such termination or otherwise as provided for in this Agreement, Section 12 and with respect to obligations arising from termination; and all payments theretofore paid made by the Optionee shall be retained by the Optionor in consideration for its own use absolutelyentering into this Agreement and for the rights conferred on the Optionee thereby.

OPTION ONLY. This is an option only and except as specifically provided otherwiseother wise, nothing herein contained shall be construed as obligating the Optionee to do any acts or make any payments hereunder hereunder, and any act or acts, or payment or payments as shall be made hereunder shall not be construed as obligating the Optionee to do any further act or make any further payment. If the Option this Agreement is terminated before the Option is exercisedterminated, the Optionee shall not be bound thereafter in debt, damages or otherwise under this Agreement, Agreement save and except in respect of obligations arising prior to such termination or otherwise as provided for in this Agreement, paragraph 9 and with respect to obligations arising from termination; and all payments theretofore paid shares issued by the Optionee shall be retained by the Optionor in consideration for its own use absolutelyentering into this Agreement and for the rights conferred on the Optionee thereby.