Termination Option. For nominal consideration, the receipt of which Seller acknowledges, and ▇▇▇▇▇'s agreement to pay the Option Fee within the time required, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If Buyer gives notice of termination within the time prescribed: (i) the Option Fee will not be refunded and escrow agent shall release any Option Fee remaining with escrow agent to Seller; and (ii) any ▇▇▇▇▇▇▇ money will be refunded to Buyer.
Appears in 4 contracts
Sources: One to Four Family Residential Contract (Resale), One to Four Family Residential Contract (Resale), One to Four Family Residential Contract (Resale)
Termination Option. For nominal consideration, the receipt of which Seller acknowledges, and ▇▇▇▇▇'s agreement to pay the Option Fee within the time required, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within 7 days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If Buyer gives notice of termination within the time prescribed: (i) the Option Fee will not be refunded and escrow agent Escrow Agent shall release any Option Fee remaining with escrow agent Escrow Agent to Seller; and (ii) any ▇▇▇▇▇▇▇ money will be refunded to Buyer.
Appears in 3 contracts
Sources: One to Four Family Residential Contract (Resale), Unimproved Property Contract, Unimproved Property Contract
Termination Option. For nominal consideration, the receipt of which Seller acknowledges, and ▇▇▇▇▇'s agreement to pay the Option Fee within the time required, required Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If Buyer gives notice of termination within the time prescribed: (i) the Option Fee will not be refunded and escrow agent shall release any Option Fee remaining with escrow agent to Seller; and (ii) any ▇▇▇▇▇▇▇ money will be refunded to Buyer.
Appears in 3 contracts
Sources: Residential Condominium Contract (Resale), New Home Contract (Incomplete Construction), Unimproved Property Contract
Termination Option. For nominal consideration, the receipt of which Seller acknowledges, and ▇▇▇▇▇'s agreement to pay the Option Fee within the time required, required Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If Buyer gives notice of termination within the time prescribed: (i) the Option Fee will not be refunded and escrow agent shall release any Option Fee remaining with escrow agent to Seller; and (ii) any ▇▇▇▇▇▇▇ money will be refunded to Buyer. The Option Fee will be credited to the Sales Price at closing.
Appears in 2 contracts
Sources: Residential Condominium Contract (Resale), Unimproved Property Contract
Termination Option. For nominal consideration, the receipt of which Seller acknowledges, and ▇▇▇▇▇'s agreement to pay the Option Fee within the time required, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If Buyer gives notice of termination within the time prescribed: (i) the Option Fee will not be refunded and escrow agent shall release any Option Fee remaining with escrow agent to Seller; and (ii) any ▇▇▇▇▇▇▇ money will be refunded to Buyer.. Contract Concerning Page 2 of 10 11-10-2020
Appears in 2 contracts
Sources: Unimproved Property Contract, Unimproved Property Contract
Termination Option. For nominal consideration, the receipt of which Seller acknowledges, and ▇▇▇▇▇'s agreement to pay the Option Fee within the time required, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within 10 days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If Buyer gives notice of termination within the time prescribed: (i) the Option Fee will not be refunded and escrow agent shall release any Option Fee remaining with escrow agent to Seller; and (ii) any ▇▇▇▇▇▇▇ money will be refunded to Buyer.. Contract Concerning ▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ (Address of Property)
Appears in 1 contract
Sources: Unimproved Property Contract
Termination Option. For nominal consideration, the receipt of which Seller acknowledges, and ▇▇▇▇▇'s agreement to pay the Option Fee within the time required, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If Buyer gives notice of termination within the time prescribed: (i) the Option Fee will not be refunded and escrow agent Escrow Agent shall release any Option Fee remaining with escrow agent Escrow Agent to Seller; and (ii) any ▇▇▇▇▇▇▇ money will be refunded to Buyer.
Appears in 1 contract
Sources: Farm and Ranch Contract
Termination Option. For nominal consideration, the receipt of which Seller acknowledges, and ▇▇▇▇▇'s agreement to pay the Option Fee within the time required, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If Buyer gives notice of termination within the time prescribed: (i) the Option Fee will not be refunded and escrow agent shall release any Option Fee remaining with escrow agent to Seller; and (ii) any ▇▇▇▇▇▇▇ money will be refunded to Buyer.. Contract Concerning ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇, TX 77055 (Address of Property)
Appears in 1 contract
Sources: Unimproved Property Contract
Termination Option. For nominal consideration, the receipt of which Seller acknowledges, and ▇▇▇▇▇'s agreement to pay the Option Fee within the time required, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within 10 days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If Buyer gives notice of termination within the time prescribed: (i) the Option Fee will not be refunded and escrow agent shall release any Option Fee remaining with escrow agent to Seller; and (ii) any ▇▇▇▇▇▇▇ money will be refunded to Buyer.
Appears in 1 contract
Termination Option. For nominal consideration, the receipt of which Seller acknowledges, and ▇▇▇▇▇'s agreement to pay the Option Fee within the time required, required Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If Buyer gives notice of termination within the time prescribed: (i) the Option Fee will not be refunded and escrow agent shall release any Option Fee remaining with escrow agent to Seller; and (ii) any ▇▇▇▇▇▇▇ money will be refunded to Buyer.. The Option Fee will be credited to the Sales Price at closing. DRAFT
Appears in 1 contract
Termination Option. For nominal consideration, the receipt of which Seller acknowledges, and ▇▇▇▇▇'s agreement to pay the Option Fee within the time required, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within 10 days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If Buyer gives notice of termination within the time prescribed: (i) the Option Fee will not be refunded and escrow agent Escrow Agent shall release any Option Fee remaining with escrow agent Escrow Agent to Seller; and (ii) any ▇▇▇▇▇▇▇ money will be refunded to Buyer.
Appears in 1 contract
Termination Option. For nominal consideration, the receipt of which Seller acknowledges, and ▇▇▇▇▇'s agreement to pay the Option Fee within the time required, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within 0 days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If Buyer gives notice of termination within the time prescribed: (i) the Option Fee will not be refunded and escrow agent shall release any Option Fee remaining with escrow agent to Seller; and (ii) any ▇▇▇▇▇▇▇ money will be refunded to Buyer.
Appears in 1 contract