Common use of Termination Option Clause in Contracts

Termination Option. For nominal consideration, the receipt of which Seller acknowledges, and Xxxxx's agreement to pay the Option Fee within the time required, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If Buyer gives notice of termination within the time prescribed: (i) the Option Fee will not be refunded and escrow agent shall release any Option Fee remaining with escrow agent to Seller; and (ii) any xxxxxxx money will be refunded to Buyer.

Termination Option. For nominal consideration, the receipt of which Seller acknowledges, and Xxxxx's agreement to pay the Option Fee within the time required, required Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If Buyer gives notice of termination within the time prescribed: (i) the Option Fee will not be refunded and escrow agent shall release any Option Fee remaining with escrow agent to Seller; and (ii) any xxxxxxx money will be refunded to Buyer.

Termination Option. For nominal consideration, the receipt of which Seller acknowledges, and Xxxxx's agreement to pay the Option Fee within the time required, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within 7 days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If Buyer gives notice of termination within the time prescribed: (i) the Option Fee will not be refunded and escrow agent Escrow Agent shall release any Option Fee remaining with escrow agent Escrow Agent to Seller; and (ii) any xxxxxxx money will be refunded to Buyer.

Termination Option. For nominal consideration, the receipt of which Seller acknowledges, and Xxxxx's agreement to pay the Option Fee within the time required, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If Buyer gives notice of termination within the time prescribed: (i) the Option Fee will not be refunded and escrow agent shall release any Option Fee remaining with escrow agent to Seller; and (ii) any xxxxxxx money will be refunded to Buyer.. Contract Concerning Page 2 of 10 11-10-2020

Termination Option. For nominal consideration, the receipt of which Seller acknowledges, and Xxxxx's agreement to pay the Option Fee within the time required, required Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If Buyer gives notice of termination within the time prescribed: (i) the Option Fee will not be refunded and escrow agent shall release any Option Fee remaining with escrow agent to Seller; and (ii) any xxxxxxx money will be refunded to Buyer. The Option Fee will be credited to the Sales Price at closing.

Termination Option. For nominal consideration, the receipt of which Seller acknowledges, and Xxxxx's agreement to pay the Option Fee within the time required, required Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If Buyer gives notice of termination within the time prescribed: (i) the Option Fee will not be refunded and escrow agent shall release any Option Fee remaining with escrow agent to Seller; and (ii) any xxxxxxx money will be refunded to Buyer.. The Option Fee will be credited to the Sales Price at closing. DRAFT

Termination Option. For nominal consideration, the receipt of which Seller acknowledges, and Xxxxx's agreement to pay the Option Fee within the time required, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If Buyer gives notice of termination within the time prescribed: (i) the Option Fee will not be refunded and escrow agent shall release any Option Fee remaining with escrow agent to Seller; and (ii) any xxxxxxx money will be refunded to Buyer.. Contract Concerning 0000 Xxxx Xxxxx Xx, Xxxxxxx, Xxxxxx Xxxxxx, TX 77055 (Address of Property)

Termination Option. For nominal consideration, the receipt of which Seller acknowledges, and Xxxxx's agreement to pay the Option Fee within the time required, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within 10 days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If Buyer gives notice of termination within the time prescribed: (i) the Option Fee will not be refunded and escrow agent shall release any Option Fee remaining with escrow agent to Seller; and (ii) any xxxxxxx money will be refunded to Buyer.

Termination Option. For nominal consideration, the receipt of which Seller acknowledges, and Xxxxx's agreement to pay the Option Fee within the time required, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within 0 days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If Buyer gives notice of termination within the time prescribed: (i) the Option Fee will not be refunded and escrow agent shall release any Option Fee remaining with escrow agent to Seller; and (ii) any xxxxxxx money will be refunded to Buyer.

Termination Option. For nominal consideration, the receipt of which Seller acknowledges, and Xxxxx's agreement to pay the Option Fee within the time required, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within 10 days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If Buyer gives notice of termination within the time prescribed: (i) the Option Fee will not be refunded and escrow agent shall release any Option Fee remaining with escrow agent to Seller; and (ii) any xxxxxxx money will be refunded to Buyer.. Contract Concerning 000 XX Xxxxxxxx Xx Xxxxxxxx, XX 00000 (Address of Property)