Common use of Irrevocable Option Clause in Contracts

Irrevocable Option. To the extent that this Contract is ever construed as an option agreement, Sellers and Purchaser hereby acknowledge that independent consideration for such option in the sum of $100.00 has been (or will upon demand, be) paid to Sellers by Purchaser, and based on such consideration and the mutual covenants of Sellers and Purchaser contained herein, Sellers hereby agree that any such option granted Purchaser is irrevocable, and Sellers shall not terminate said option without the prior written consent of Purchaser, except as may be expressly provided for herein.

Irrevocable Option. To the extent that this Contract is ever construed as an option agreement, Sellers and Purchaser hereby acknowledge that independent consideration for such option in the sum of $100.00 10.00 has been (or will upon demand, be) paid to Sellers by Purchaser, and based on such consideration and the mutual covenants of Sellers and Purchaser contained herein, Sellers hereby agree agrees that any such option granted Purchaser is irrevocable, and Sellers shall not terminate said option without the prior written consent of Purchaser, except as to the extent that termination may be expressly provided for herein.

Irrevocable Option. To the extent that this Contract is ever construed as an option agreement, Sellers Seller and Purchaser hereby acknowledge that independent consideration for such option in the sum of $100.00 has been (or will upon demand, be) paid to Sellers Seller by Purchaser, and based on such consideration and the mutual covenants of Sellers Seller and Purchaser contained herein, Sellers Seller hereby agree agrees that any such option granted Purchaser is irrevocable, and Sellers Seller shall not terminate said option without the prior written consent of Purchaser, except as may be expressly provided for herein.