Option Fee definition
Examples of Option Fee in a sentence
If no dollar amount is stated as the Option Fee or if Buyer fails to pay the Option Fee to Seller within the time prescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract.
If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any ▇▇▇▇▇▇▇ money will be refunded to Buyer.
The ▇▇▇▇▇▇▇ money and Option Fee shall be made payable to escrow agent and may be paid separately or combined in a single payment.
For nominal consideration, the receipt of w hich is hereby acknowledged by Seller, and ▇▇▇▇▇'s agreement to pay Seller $ (Option Fee) within 3 days after the Effective Date of this contract, 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).
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 ▇▇▇▇▇▇▇ money will be refunded to Buyer.