Consideration for Option Sample Clauses
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Consideration for Option. In consideration of the payment to the Seller of the sum of $1.00, receipt of which is acknowledged, the Seller agrees to and does give and grant to PGE the exclusive and irrevocable option to purchase from the Seller the rights in the Literary Property as described in Exhibit “A” for the total purchase price specified and payable as provided in Exhibit “A”, provided that any sums paid under this Clause 2 or any other provision of this agreement with respect to the option will be credited against the first sums payable on account of such purchase price. If PGE fails to exercise this option, then the sums paid to the Seller hereunder with respect to the option will be and remain the sole property of the Seller.
Consideration for Option. Optionee shall pay Optionor, as consideration for the Option granted by this Agreement, the amount of $100,000 (the “Option Price”). The Option Price shall be paid in accordance with written instructions provided by Optionor to Optionee promptly following the execution and delivery of this Option. The Option Price shall be credited ,against the Purchase Price at the closing of the purchase of the Property pursuant to the Purchase Agreement. If Optionee does not exercise the Option as set forth herein, Optionor shall have the right to retain the Option Price as consideration, not a penalty, for the grant of the Option to Optionee.
Consideration for Option. This Option is granted in consideration of the payment by Optionee to Optionor of One Dollar ($1.00), receipt of which payment is hereby acknowledged by Optionor, and for other good and valuable consideration.
Consideration for Option. Barth agrees to pay all attorney's, government and other fees, ▇▇▇▇s and expenses incurred by Schmitt to revive the Patent Pending in a total amount not to e▇▇▇▇▇ ▇ifteen hundred dollars ($1,500), plus Schmitt's attorney's fees paid for preparation of this Agreement in ▇▇ ▇mount not to exceed five-hundred dollars ($500). Barth further agrees to pay all costs, expenses and attorney's ▇▇▇▇ necessary, after reinstatement of the patent pending, to maintain the patent pending prior to or after exercise of the option.
Consideration for Option. In consideration for the Option granted herein, Optionee has, among other things, simultaneous with the execution hereof, paid to Optionor the sum of One Thousand Dollars and no/100 ($1,000.00) (the “Option Payment”), receipt of which is hereby acknowledged by Optionor.
Consideration for Option. Subject to the terms and conditions of this Agreement, the Optionee hereby pays to the Optionor, and the Optionor hereby accepts from the Optionee, the sum of US$2.00 as consideration for the granting of the Option (as hereinafter defined).
Consideration for Option. In consideration of the payment to Owner of the sum of ________________ receipt of which is hereby acknowledged, Owner agrees to and does hereby give and grant to Purchaser the exclusive and irrevocable option to purchase from Owner the rights in the Property as described in Exhibit "A" for the total purchase price specified and payable as provided in Exhibit "A," provided that any sums paid under this Clause 2 or any other provision of this agreement with respect to the option shall be credited against the first sums payable on account of such purchase price. If Purchaser shall fail to exercise this option, then the sums paid to Owner hereunder with respect to the option shall be and remain the sole property of Owner.
Consideration for Option. The Option is granted in consideration ------------------------ of the payment of $10.00 and other good and valuable consideration.
Consideration for Option. The Purchase Price in the Asset Purchase Agreement is acknowledged to be adequate consideration paid by Parent and Subsidiary for the Option granted under this Agreement.
Consideration for Option. 4.1 In consideration for MMS' grant of the Option, ORION has paid US $1 million to the Launch Vehicle Agency for a launch reservation covering the Launch Period and shall pay an additional US $48.4 million in installments as specified in the table below on or before the dates specified in such table (each such payment being referred to herein as an "Option Installment Payment"): Option Option Option Total Option Installment Installment Installment Installment Payment Amount Payment Amount Payment # Payment Date Payment Amount (Spacecraft) (Launch Vehicle) --------- ------------ -------------- ------------ ---------------- 2 March 31, 1997 US$ 22.0 Million 3 June 15, 1997 4 July 31, 1997 5 Dec. 31, 1997 ----------------------------------------------------------------------------------------------------- Total US$ 48.4 Million ----------------------------------- *Or on such earlier date as ORION's planned financings are closed and funds are disbursed into ORION's account. The sum of the Option Installment Payments and the US $1 million paid to the Launch Vehicle Agency prior to the date hereof is referred to herein as the "Option Price."
4.2 MMS shall provide ORION ten (10) days written notice of each Option Installment Payment due hereunder after Option Installment Payment 2.
4.3 No portion of the Option Price shall be refundable under any circumstances, including the bankruptcy or insolvency of ORION.
4.4 If ORION's planned financings are not closed and funds disbursed by March 31, 1997, ORION may extend Option Installment Payment 2 until April 30, 1997 by making a partial payment of $2.5 million ___________________________________________________________ on or before March 31, 1997. Moreover, to the extent net proceeds from ORION's planned public debt financings are greater than $250,000,000 (exclusive of pre-funded amounts to pay interest), ORION shall accelerate the payment of the Launch Vehicle portion of Option Installment Payments 3 and 5 to the date upon which Option Installment Payment 2 is made.