Common use of Option Property Clause in Contracts

Option Property. The Option Property consists of approximately a 50 foot wide strip of land east of the main building on the Owned Real Property boarding the Eastern property line and running from ▇▇▇▇▇▇▇ Road at the South to the railroad tracks on the North ("Option Property").

Option Property. The Option Property consists of approximately a 50 foot wide strip of land east of the main building on the Owned Real Property boarding the Eastern property line and running from ▇▇▇▇▇▇▇ Dowling Road at the South to the railroad tracks on the North ("Option PropertyP▇▇▇▇▇▇▇").