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. 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. 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
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. 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. Allied agrees to deliver to North American, within seven (7) business days hereof, 15,075,175 shares of Allied’s restricted common stock in the name of North American, such shares to be valued at a price of US$0.04 per share or an aggregate of approximately US$603,007.
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. You may obtain a loan from the Company to pay the exercise price, the terms of which will be as follows: (i) the loan will have a two-year term with 50% of the principal and the accrued interest due and payable on the first anniversary of the date of the loan, and the remaining principal and interest due and payable on the second anniversary of the date of the loan; and (ii) the loan will bear an interest rate equal to the short term applicable federal rate in effect as of the date of the loan.
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.
