Option Payment. For each Target (including for clarity each Initial Target and each Substitute Target, as applicable), in the event Pfizer exercises its Option with respect to such Target in accordance with the provisions of Section 3.2, Pfizer shall pay to Arvinas upon Option Exercise (i) [**] if such Option Exercise occurs before [**] for such Target, including if such Option Exercise occurs and no such Lead Optimization Efforts are to be conducted hereunder, or (ii) [**] Dollars (US$[**]) if such Option Exercise occurs after [**] for such Target. Payment for any such amount shall be made within [**] of Pfizer’s receipt of a corresponding invoice from Arvinas that is issued in accordance with Section 5.8.
Option Payment. In consideration of Seller agreeing to grant the Option, Purchaser shall make a non-refundable payment of One Hundred and No/100 Dollars ($100.00) in certified funds made payable to the order of Seller or by wire transfer to Seller (the "Option Payment") within ten (10) days of the Effective Date.
Option Payment. Concurrently with the execution of this Agreement, Tenant shall pay to Landlord the “Option Payment” in the amount of $ . The Option Payment is fully earned on execution of this Agreement, is the sole property of Landlord, and shall not be reimbursed to Tenant whether or not the Lease is executed or approved.
Option Payment. At Closing, the Option Payment shall be applied and credited toward the payment of the Purchase Price. In the event that Buyer fails to timely pay the Option Payment, Seller shall be entitled, at Seller's sole option, to terminate this Agreement immediately by giving written notice of such termination to Buyer;
Option Payment. In consideration of this Option, Tenant has paid One -------------- Dollar ($1.00) to Landlord of even date hereof (the "OPTION PAYMENT"). The Option Payment is nonrefundable.
Option Payment. In consideration of the option herein granted, Optionee has paid to Optionor, the sum of Ten Thousand Dollars ($10,000.00) (the “Option Payment”).
Option Payment. VGS shall pay to Grantor the option price of Ten Thousand U.S. Dollars ($10,000.00) (the “Option Payment”) by no later than thirty (30) days following receipt by VGS from Grantor of the following documents to be prepared by VGS and delivered to Grantor: this Agreement, together with a completed Form W-9, payment direction form and property questionnaire, all fully completed, executed and acknowledged by a notary public where indicated, and otherwise in form satisfactory to VGS.
Option Payment. As consideration for the grant of the Option provided herein, Buyer shall pay to Seller outside of escrow, on July 25, 2003, the sum of Two Hundred Thousand Dollars ($200,000) in immediately available funds ("Option Payment") provided, however, that in no event shall Buyer be required to pay the Option Payment until one (1) business day following the date on which the First Offer Notice (as defined immediately below) has been given by Seller to Buyer, if at all. Seller shall give Buyer written notice ("First Offer Notice") in the event that Omnicom (as defined below) fails to timely exercise the right of first offer as more particularly described in Section 8.1.6 below. Upon purchase of the Property following exercise of the Option, the Option Payment shall be credited against the Purchase Price (as defined below) for the benefit of Buyer. Except as otherwise provided in this Agreement, in the event that Buyer does not exercise the Option provided for herein, or in the event that Buyer does not purchase the Property after exercising the Option, then the entire amount of the Option Payment shall be retained by Seller.
Option Payment. Upon execution of this Agreement Optionee shall pay, as option consideration, the sum of $4,500,000 to Owner ("Option Payment"); provided, however, if Optionee does not pay the Option Payment upon execution, Optionee must pay the Option Payment within seven (7) Business Days and failure to pay by said date shall entitle Owner to either (i) terminate this Agreement and the Ground Lease or (ii) file suit for payment of the Option Payment. The Option Payment shall be deposited with the Escrow Agent upon execution of this Agreement pursuant to escrow instructions approved by Owner and Optionee. The escrow instructions shall provide that the Escrow Agent shall deposit the Option Payment in an interest bearing account, pursuant to investment instructions from Optionee and approved by Owner. All interest earned on the Option Payment shall be for the account of Optionee. The escrow instructions shall also provide that the Option Payment shall be released to Owner upon the earlier of (i) exercise of Optionee's option hereunder, in which case such Option Payment shall be applied toward the Purchase Price, or (ii) the expiration of the Option without exercise by Optionee.
Option Payment. Within thirty (30) days after the Effective Date, Optionee shall pay to Owner the first quarterly installment of the Option Payment and shall make each subsequent installment of the Option Payment on a quarterly basis thereafter within fifteen 15 days of the beginning of each quarter.
