Initial Option Period. With respect to the Initial Option Period, the sum of Seven Thousand Five Hundred Dollars ($7,500.00 USD) (the “Initial Option Payment”), upon satisfaction of the conditions precedent set forth in Paragraph 2 above. The Initial Option Payment will be applicable against the Purchase Price.
Appears in 3 contracts
Sources: Screenplay Option/Purchase Agreement (American Picture House Corp), Screenplay Option/Purchase Agreement (American Picture House Corp), Screenplay Option/Purchase Agreement (American Picture House Corp)