OPTION GRANT PAYMENT

Example Definitions of "OPTION GRANT PAYMENT"
OPTION GRANT PAYMENT. Means Eighteen Million Four Hundred Twenty Three Thousand Eight Hundred Fifty Three and 93/100 Dollars ($18,423,853.93), the aggregate price payable by MEC to the DeFrancis LLCs for the issuance of the Call Option.
Found in MAGNA ENTERTAINMENT CORP contract
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