Payment for Option. Any person entitled to exercise the Option may do so by giving written notice of the exercise to the Company, stating the number of shares that he is purchasing and transmitting the exercise price in cash.
Payment for Option. Optionee shall pay Optionor the sum of Eight Hundred Twenty-five Dollars ($825.00) per month on the first of each month commencing August 1, 2006, and on the first of each month thereafter. Said payment shall be in consideration for the Option granted to Optionee. The payment will not be applied to the purchase price in the event Optionee exercises this Option. In the event Optionee fails to exercise the Option according to its terms, Optionor shall retain all sums paid under the terms of this Option Agreement.
Payment for Option. On the Effective Date, Gxxxx shall pay to Bxxx the non-refundable sum of One Million U.S. Dollars ($1,000,000) in immediately available funds by wire transfer to the credit of such bank account as designated by Bxxx in Schedule 2.2.
Payment for Option. In consideration for the Option Purchaser shall, on the Effective Date, pay to Seller a non-refundable amount, except as provided in Section 5.3 below, equal to $5,000,000 (the “Option Premium Fee”) in cash by wire transfer of immediately available funds to an account designated by Seller in writing.
Payment for Option. Contemporaneous with the execution and delivery of this Agreement, Xxxxxx Energy shall deliver or cause to be delivered to BPI the sum of One Million Five Hundred Thousand and 00/100 Dollars ($1,500,000.00) by wire transfer to the following account: Amegy Bank, N.A. 0000 Xxxx Xxx Xxxxxxx Xxxxxxx, XX 00000 Swift code > XXXXXX00 ABA#> 000000000 Account Name: Snow Xxxxxx Xxxxx LLP IOLTA Client Trust Account Account Number: 0000000
Payment for Option. As consideration for the Option granted hereby, ------------------ Data has paid to Securities the sum of one thousand dollars ($ 1,000.00). By signing this Agreement, Securities acknowledges its receipt of such payment. Representations and Warrantees. --------------------------------
(a) Securities represents and warrants that:
(i) It is the sole record and beneficial owner and holder of any and all equity interest(s) of TDS;
(ii) Except as provided herein, it has not assigned or transferred any right or interest in TDS to any other person and has not granted any other option in or to an equity interest in TDS to any other person.
(iii) Prior to the expiration of the term of this Agreement, as provided in Section 2 (c) above, it shall cause TDS to operate in the manner in which it has operated heretofore, conducting normal business operations; and shall not permit or cause TDS to engage in any extraordinary transactions, enter into any material contracts or effect any corporate reorganization, except to the extent agreed to, in writing, by Data or, if applicable, her designee. Notwithstanding the above, Securities' representatives may complete, process and file any applications necessary for TDS to register and qualify as a "broker dealer" to the extent provided under the Securities Act of 1934 and similar state law.
(iv) The current capitalization of TDS consists of 10,000 shares of common stock, one dollar ($1.00) par value, all of which have been issued and outstanding, and all of which are fully paid and nonassessable;
(v) Execution of this Agreement and consummation of the transactions contemplated herein will not violate any law nor conflict with its Articles of Incorporation, by-laws or with any contract or covenant to which it is bound;
(vi) TDS is a domestic corporation in and is currently in good standing in the State of Delaware.
(c) Data represents and warrants that:
(i) It is acquiring the Option and, upon exercise thereof (if applicable), the Shares solely for its investment purposes and not for purposes of resale or distribution;
(ii) The Shares, upon delivery, will bear a legend to the effect that the Shares may not be sold or transferred except pursuant to effective registration under the Securities Act of 1933 (or a valid exemption therefrom) and compliance with any applicable state securities law;
(iii) Execution of this Agreement and consummation of the transactions contemplated herein will not violate any law, nor conflict with any un...
Payment for Option. Upon the execution and delivery of this Option Agreement, together with the legal opinion and certificates of DRI described below, the Optionee shall deliver to DRI good funds in the amount of $ , which is the Purchase Price for the Option.
Payment for Option. As consideration for this Option (an “Option Payment”), Optionee shall pay Optionor $380,000 for the Initial Term within five (5) business days after the Effective Date, and $380,000 as part of each applicable Extension Exercise. Each Option Payment shall be applied toward the Purchase Price, but shall be non-refundable in the event Optionee does not purchase the Property prior to the termination of this Option. Such non-refundability, however, is subject to the terms of this Agreement. Optionee shall have the right, but not the obligation, to prepay any or all Option Payments at any time.
Payment for Option construction, operation and maintenance,] Closure and Post-Closure Care
Payment for Option. SHARES 4 6.1 General Rule 4 6.2 Surrender of Stock 4 6.3 Exercise/Sale 4 6.4 Exercise/Pledge 5 6.5 Promissory Note 5 6.6 Other Forms of Payment 5