Common use of Consideration for Transfer Clause in Contracts

Consideration for Transfer. Pursuant to the terms and provisions of this Agreement, in consideration for the transfer of the one percent (1%) interest in the Operating Partnership, FFP Financial Services, L.P. and FFP Transportation, L.L.C., and the one hundred percent (100%) interest in Direct Fuels Management Company, Inc., FFPLLC is issuing and delivering to FFPMC, certificates evidencing 1,000 shares of stock of FFPLLC.

Appears in 2 contracts

Sources: Restructuring Agreement (FFP Partners L P), Restructuring Agreement (FFP Marketing Co Inc)

Consideration for Transfer. Pursuant to the terms and provisions of -------------------------- this Agreement, in consideration for the transfer of the one percent (1%) interest in the Operating Partnership, FFP Financial Services, L.P. and FFP Transportation, L.L.C., and the one hundred percent (100%) interest in Direct Fuels Management Company, Inc., FFPLLC is issuing and delivering to FFPMC, certificates evidencing 1,000 shares of stock of FFPLLC.

Appears in 1 contract

Sources: Restructuring Agreement (FFP Marketing Co Inc)