Common use of Option Payment Clause in Contracts

Option Payment. Within thirty (30) days after the Effective Date, Optionee shall pay to Owner the first quarterly installment of the Option Payment and shall make each subsequent installment of the Option Payment on a quarterly basis thereafter within fifteen 15 days of the beginning of each quarter.

Option Payment. Within thirty twenty (3020) days after the Effective Date, Optionee shall pay to Owner the first quarterly installment of the Option Payment and shall make each subsequent installment of the Option Payment on a quarterly basis thereafter within fifteen 15 60 days of the beginning of each quarter.