OPTION CONSIDERATION Clause Samples

OPTION CONSIDERATION. 41 Parent.........................................................................1

OPTION CONSIDERATION. Buyer/Tenant shall remit option consideration in the sum of $ to Seller/Landlord upon execution of this Option to Purchase Agreement, which amount is non-refundable. In the event Buyer/Tenant timely exercises this option, is not in default of the Lease Agreement and actually closes the conveyance of the Property, the option consideration shall be credited to the purchase price at closing. If Buyer/Tenant fail to exercise this option, defaults in the Lease Agreement or fails to close the conveyance, the option fee shall not be refunded.

OPTION CONSIDERATION. For and in consideration of the Option herein granted, Optionee has paid, and Optionor hereby acknowledges receipt of, the sum of One Hundred Dollars and No/Cents ($100.00) (the “Option Consideration”). The Option Consideration is not refundable under any circumstances and may not be applied against any sums payable pursuant to the Acquisition Agreement.

OPTION CONSIDERATION. In a rent-to-own agreement, the tenant pays consideration in exchange for the exclusive option to purchase the property. Specify if the consideration will be a portion of the monthly rent or a non-refundable upfront fee. Step 23 – Provide Purchase Deposit Details 29.

OPTION CONSIDERATION. As consideration for this Option to Purchase agreement, the Buyer/s/ Tenant/s shall pay the Seller/ Landlord/ Landlady a non-refundable fee of ______________________________________(in words) _______________________ receipt of which is hereby acknowledged by the Seller/Landlord. This amount shall be credited to the purchase price at closing if the Buyer/s/Tenant/s timely exercises the option to purchase, provided that the Buyer/s/Tenant/s: (a) is not in default of the Lease Agreement, and (b) closes the conveyance of the Property. The Seller/Landlord/Landlady shall not refund the fee if the Buyer/s/Tenant/s defaults in the Lease Agreement, fails to close the conveyance, or otherwise does not exercise the option to purchase.

OPTION CONSIDERATION. (a) (i) Owner hereby grants to the Operating Partnership an option (the “Option”) to acquire Owner’s interest in the Operating Lease and all hereditaments thereto and all of Owner’s assets (other than Excluded Assets) as of the Valuation Date (collectively, the “Assets”) for the Consideration determined in accordance with Section 2(b), subject to closing adjustments as provided herein. (ii) Notwithstanding the foregoing, the parties expressly acknowledge and agree that all assets and properties of Owner set forth on Schedule 2(a)(ii) shall be deemed “Excluded Assets” and not be contributed, transferred, assigned, conveyed or delivered to the Operating Partnership pursuant to this Agreement, and the Operating Partnership shall not have any rights or obligations with respect thereto. On or prior to the Closing, Owner must distribute to its Participants all of its cash (excluding from distributable cash (a) any reserves on deposit with lenders for escrow accounts, (b) amounts attributable to prepayments of more than thirty-five (35) days of rent, management fees, other income streams or expense reimbursements, (c) amounts held by Owner as security deposits or amounts otherwise required to be reserved by Owner pursuant to existing agreements with third parties and (d) cash in addition to the foregoing, if any, required to maintain a normalized level (as determined in good faith by the Supervisor, or any successor thereto) of Net Working Capital of Owner (determined based on the most recent quarterly financial statement of Owner)) to its Participants in accordance with the provisions of the applicable organizational documents of Owner (such assets being deemed part of the definition of “Excluded Assets”); provided, however, that other than the distributions by Owner and actions taken in connection with the Consolidation Transaction, Owner has not since the date hereof taken, and shall not take, any action other than actions in the ordinary course consistent with past practice to increase current assets or reduce current liabilities, including by increasing long-term liabilities, decreasing long-term assets, changing reserves or otherwise. The Operating Partnership agrees and acknowledges that none of the Excluded Assets, nor any right, title or interest of Owner or any Participant therein, shall be deemed to constitute a part of the assets and liabilities contributed to the Operating Partnership, and that such assets and liabilities will be retained by Owner at...

OPTION CONSIDERATION. (a) (i) Owner hereby grants to the Operating Partnership an option (the “Option”) to acquire Owner’s fee interest in Parcel I and all of Owner’s right, title and interest in and to the Leases and all hereditaments thereto and all of Owner’s assets (other than Excluded Assets) as of the Valuation Date (collectively, the “Assets”) for the Consideration determined in accordance with Section 2(b), subject to closing adjustments as provided herein.

OPTION CONSIDERATION. Tenant/Optionee shall pay Landord/Optionorthe amount of $10.00 (Ten Dollars) as fair and valuable non-refundable consideration. This consideration was paid on Should this Agreement be assigned, Assignee will pay Assignor of The Agreement nonrefundable option consideration of $ _ fortheabovepropertyand it willapplyinfulltowardsthepurchaseortowards funds toclose if theoption is exercised. Thisoptionconsideration waspaid on If the option to purchase is not exercised, for any reason, there will be no refund of any option consideration.

OPTION CONSIDERATION. As consideration for this option to purchase, the Buyer shall pay the Seller a non-refundable fee of $ . If the Buyer timely exercises this option, this fee will be applied to the purchase price at closing, provided that he/she is not in default of the lease agreement and closes the conveyance of the Property. If the Buyer fails to exercise this option, is in default of the lease agreement or does not close the conveyance of the Property, this fee will be retained by the Seller.