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.

Appears in 32 contracts

Samples: auctioneersoftware.s3.amazonaws.com, formspal.com, eforms.com

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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.

Appears in 2 contracts

Samples: New Home Contract, www.trec.texas.gov

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 (Address of Property)

Appears in 2 contracts

Samples: www.trec.texas.gov, www.trec.texas.gov

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.

Appears in 1 contract

Samples: www.trec.texas.gov

Termination Option. For nominal consideration, the receipt of which Seller acknowledges, and Xxxxx(Address of Property) Buyer'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.

Appears in 1 contract

Samples: www.trec.texas.gov

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)

Appears in 1 contract

Samples: www.tranzon.com:443

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 DRAFT 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.

Appears in 1 contract

Samples: www.trec.texas.gov

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.

Appears in 1 contract

Samples: static1.squarespace.com

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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

Appears in 1 contract

Samples: www.trec.texas.gov

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)

Appears in 1 contract

Samples: destinyhosted.com

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 (Address of Property) 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.

Appears in 1 contract

Samples: www.trec.texas.gov

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 (Address of Property) 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.

Appears in 1 contract

Samples: www.trec.texas.gov

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