Common use of Transfer to Parent Corporation Clause in Contracts

Transfer to Parent Corporation. A transfer of any Offered Parcel ------------------------------ or Related Property to a parent corporation of Owner, as long as Xxxx X. Xxxxxxxxxxx (i) owns 75% of the stock in the parent corporation and (ii) has control of the management of the parent corporation and retains control of the management of Owner.

Appears in 4 contracts

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

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Transfer to Parent Corporation. A transfer of any Offered Parcel ------------------------------ or Related Property to a parent corporation of Owner, as long as Xxxx X. Xxxxxxxxxxx (i) owns 75% of the stock in the parent corporation -8- and (ii) has control of the management of the parent corporation and retains control of the management of Owner.

Appears in 1 contract

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

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Transfer to Parent Corporation. A transfer of any Offered Parcel ------------------------------ or Related Property to a parent corporation of Owner, as long as Xxxx X. Xxxxxxxxxxx (i) owns 75% of the stock in the parent corporation and (ii) has control of the management of the parent corporation and 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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