Common use of Manner of Redemption Clause in Contracts

Manner of Redemption. Commencing on July 1, 1998, the former shareholders of ▇▇▇▇▇▇ Car Wash, Inc., may sell to SPF a percentage of the SPF Energy, Inc. Common Stock received in exchange for ▇▇▇▇▇▇ Car Wash, Inc. Common Stock and SPF shall buy the percentage tendered as allowed by this Agreement.

Appears in 2 contracts

Sources: Stock Redemption Agreement (SPF Energy Inc), Stock Redemption Agreement (SPF Energy Inc)