Retention of option payment. The payment for each option may be retained by the party granting the option if the property transfer contemplated by the option agreement is not completed in accordance with the terms of the option agreement. (Pub. L. 95–395, § 5, Sept. 30, 1978, 92 Stat. 814.) § 1705. Publication of findings
Retention of option payment. If Buyer exercises its ------------ --------------------------- right to terminate under Section 9.01 or Closing has not occurred on or before December 31, 1997, Sellers shall be entitled to retain the Option Payment and both parties shall be released from any further obligations hereunder.
