Option Payment Sample Clauses

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. Lxxxx shall pay Telix a one-time, non-refundable, non-creditable payment of five million Dollars ($5,000,000) within [**] of the date Lilly exercises its Option.

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. 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. 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. 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. As consideration for the grant of the Option provided herein, Buyer shall pay to Seller outside of escrow, on the second business day following the Effective Date, the sum of Twenty Five Thousand Dollars ($25,000) 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. For each Optioned Program, excluding the Autotaxin Program and the ADAMTS-5 Program, Gilead shall pay to Galapagos an amount equal to One Hundred Fifty Million Dollars ($150,000,000), and for the ADAMTS-5 Program, Gilead shall pay to Galapagos an amount equal to Two Hundred Fifty Million Dollars ($250,000,000) (each such payment, an “Option Payment”) within […***…] days after the applicable Galapagos Program has become an Optioned Program pursuant to Section 8.2. For the Autotaxin Program, the payment for such Option shall be deemed made upon payment of the Upfront Consideration.

Option Payment. Consideration for this Option to lease the Property shall be One Dollar ($1.00).