Option Period

Option Period

In Texas, a short period of time during which a seller of real estate may not to sell to anyone other than the person or entity who placed a bid. This gives the potential buyer time to perform inspections without placing his/her earnest money at risk. The potential buyer pays a non-refundable option fee, which is distinct from earnest money, in order to take advantage of an option period.
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1, 2006, and a five-year option period that started Oct.
This modification exercises the first one-year option period to a one-year contract (SPE1C1-18-D-1073) with three one-year option periods for enhanced side ballistic inserts.
(NASDAQ:CMTL) has announced that during its third quarter of fiscal 2019, its Command & Control Technologies group, which is part of Comtech's Government Solutions segment, through its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, was awarded option period two of contract GS03Q17DSC0002 with an overall potential value of approximately USD 8.5 million, the company said.
Comtech announced that during Q3, its Command & Control Technologies group, which is part of Comtech's Government Solutions segment, through its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, was awarded option period two of contract GS03Q17DSC0002 with an overall potential value of approximately $8.5M.
'This price will be subject to price adjustment option which the company may exercise during the option period under the agreement with IFC', Shifa announced.
The principle is based on the seller receiving some form of compensation at the end of the option period (usually six to 12 months) in return for agreeing not to consider any alternative offers.
6 January 2012 - UK alternative energy group PowerHouse Energy (LON:PHE) said today it had agreed to prolong the option period to purchase the 70% it does notA yet own in Swiss waste-to-energy gasification technology firm Pyromex Holding AG to 31 January 2012.
The over-allotment option period closed on Jan 5 and bookrunners sold 95% of shares permitted by the option.
During the second option period Cadence may exercise its option to acquire Incline for an amount not to exceed $228 million plus payment of an additional amount not to exceed $57 million, related to a certain milestone.
They now kick in to the option period of the contracts they signed a couple of years ago.
International Resource News-1 July 2009-Dynasty Metals Announces Extension of Option Period for Concessions(C)2009 ENPublishing - http://www.enpublishing.co.uk
The Nuance Group has strengthened its long-term partnership with Brisbane Airport Corporation Pty Ltd (BAC) by agreeing to terms for an extended option period of seven years through to 2014.