Common use of Option Payment Clause in Contracts

Option Payment. In consideration of this Option, Tenant has paid One -------------- Dollar ($1.00) to Landlord of even date hereof (the "OPTION PAYMENT"). The Option Payment is nonrefundable.

Appears in 2 contracts

Sources: Assignment of Option Agreement (Hollywood Park Operating Co), Option Agreement (Hollywood Park Operating Co)

Option Payment. In consideration of this Option, Tenant has paid One Two -------------- Dollar Hundred Thousand Dollars ($1.00200,000.00) to Landlord of even date hereof (the "OPTION PAYMENT"). The Option Payment is nonrefundable.

Appears in 1 contract

Sources: Option Agreement (Hollywood Park Operating Co)