Common use of Future Sale of Stock in Owner Clause in Contracts

Future Sale of Stock in Owner. A sale of up to 15% of stock in ----------------------------- Owner, as long as (i) Xxxx X. Xxxxxxxxxxx, or a revocable trust whose trustor, trustee, and beneficiary are all Xxxx X. Xxxxxxxxxxx, retains ownership of 75% of the stock in Owner and (ii) Xxxx X. Xxxxxxxxxxx retains control of the management of Owner.

Appears in 5 contracts

Samples: Agreement for Sale of Real Estate (Discovery Investments Inc), Agreement for Sale of Real Estate to Contract Dealer (Discovery Investments Inc), Agreement for Sale of Real Estate (Discovery Investments Inc)

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Future Sale of Stock in Owner. A sale of up to 15% of stock in ----------------------------- Owner, as long as (i) Xxxx X. Xxxxxxxxxxx, or a revocable trust whose trustor, trustee, and beneficiary are all Xxxx X. Xxxxxxxxxxx, retains ownership of 75% of the stock in Owner and (ii) Xxxx X. Xxxxxxxxxxx retains control of the management of Owner.

Appears in 1 contract

Samples: Agreement for Sale of Real Estate (Discovery Investments Inc)

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