Examples of Initial Option Payment in a sentence
Optionee shall be credited with one half of the Initial Option Payment and one half of any and all Monthly Option Payments made in accordance with Paragraph 2 of this Agreement and with the deposit as defined in Paragraph 5.
It is further understood and agreed, that the Initial Option Payment made upon execution of this Agreement, as well as any Additional Option Payments, if made, are consideration for this option and are fully earned by Optionor upon receipt, unless otherwise provided herein.
The Initial Option Payment and the Additional Option Payments shall be applied to the Purchase Price to be paid by Optionee to Optionor at closing.
In the event that Optionor shall be unable to convey title to the Option Property in accordance with the provisions of this section, Optionee’s sole remedy shall be to terminate this Option Agreement by notice to Optionor, in which case the Initial Option Payment and any Additional Option Payments paid by Optionee to Optionor shall be returned to Optionee.
The Purchase Price provided for in Paragraph 6 shall be reduced by half of the Initial Option Payment REDACTED and by half of each Monthly Option Payment REDACTED paid to Optionor as provided for herein.
The Purchase Price provided for in Paragraph 6 shall be reduced by half of the Initial Option Payment REDACTED and by half of each Monthly Option Payment paid to Optionor as provided for herein.
It is payable in one of the following payment options (please select one): Total Rent shall be paid as follows: Initial Option Payment Options: By initialing a payment option below, Resident agrees to comply with the payment schedule as indicated below.