Option Charge Clause Samples
An Option Charge clause defines the fee or cost associated with exercising a contractual option, such as extending a lease, purchasing additional goods, or accessing extra services. This clause specifies the amount to be paid, the timing of payment, and any conditions under which the charge applies. By clearly outlining the financial implications of choosing an option, the clause ensures both parties understand the costs involved and helps prevent disputes over additional charges.
Option Charge. 2.1 The Option Fee shall be the Auction Clearing Price as determined in Section 3 of Schedule 2.
2.2 The Option Charge for each Payment Period in the Supply Period is the total of all charges below.
2.2.1 The sum of the Contracted Options nominated as Active Options multiplied by the Option Fee.
Option Charge. Nikkei Business Daily Viewer 1 ID: ￡12.00 Nikkei MJ (Marketing Journal) Viewer 1 ID: ￡ 8.00 Nikkei Personnel Watch 1 ID: ￡ 4.00
Option Charge. 2.1 The Option Fee shall have the meaning as defined in the Definitions.
2.2 The Option Charge for each Payment Period in the Supply Period is the total of all charges below:
2.2.1 The sum of the Contracted Options nominated as Active Options multiplied by the Option Fee;
2.2.2 The sum of the Firm Contracted Options nominated as Exercisable Options multiplied by the Booking Fee;
Option Charge. 2.1 The Option Fee shall be the Auction Clearing Price as determined in Section 3 of Schedule 2.
2.2 The Option Charge for each Payment Period in the Supply Period is the total of all charges below.
2.2.1 The sum of the Contracted Options nominated as Active Options multiplied by the Option Fee.
2.2.2 For Payment Period September 2002 inclusive the sum of the Firm Contracted Options nominated as Exercisable Options, less the number of Contracted Options the VIPP Supplier still holds from VIPP1, multiplied by the Booking Fee.
2.2.3 For Payment Period September 2002 inclusive the sum of the Non- Firm Contracted Options nominated as Exercisable Options multiplied by the Booking Fee. (For the September 2002 Payment Periods no charge shall be made for Non-Firm Contracted Options nominated as Exercisable Options).
2.2.4 Any rebate due under the Winter Peak Management Programme.
2.2.5 Any rebate of Booking Fees paid for Exercisable Options that have been nominated as Active Options as determined in Section 2.4 of this Schedule
2.3 Contracted Options nominated as Relinquished Options shall incur no fees and the VIPP Supplier loses all rights to these Contracted Options
2.4 For each Contracted Option, which had previously been nominated as an Exercisable Option, nominated for the Payment Period as an Active Option a rebate will be made of all Booking Fees paid to date. The maximum rebate in any one month will not exceed the Option Fee.