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.
References in periodicals archive ?
BAE Systems (BAESY) and General Dynamics (GD) are being awarded firm-fixed price modifications to previously awarded indefinite-delivery/indefinite-quantity, multiple-award contracts to exercise option period two for the accomplishment of complex emergent and continuous maintenance and Chief of Naval Operations availabilities on amphibious ships homeported in San Diego, California.
Under this agreement, PPTB may only exercise the put option at any time after close of business on 8 December 2016 but within the put option period (the revised put option period).
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.
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.
Prior to completing any acquisition during 2006, we have successfully secured the opportunity to work closely with Virosome Biologicals through the option period whilst their lead trial progresses.
The task order has a 14-month base period and one-year option with a potential value of $11 million, inclusive of the option period.
The option period lasts from 1 June 2003 to 31 May 2004, and has an estimated value of about NOK100m," Prosafe said.
If the stock price does not exceed a deemed cost of capital return for the five-year option period, the options are worthless.
The contract has a 2-year base period and allows for an additional 3-year option period.
6m; the first option period has an estimated value of USD18.