Common use of Reversion Right Clause in Contracts

Reversion Right. For the tax purposes set forth in article 14 (fourteen) of the Federal Tax Code (Código Fiscal de la Federación) in force, or any other that replaces it, the Beneficiaries reserve the right to reacquire, in whole or in part, the property and rights that each of them contributed to the Trust Property, pursuant to the provisions of Clause XII below.

Appears in 2 contracts

Sources: Irrevocable Management Trust Agreement (OncBioMune Pharmaceuticals, Inc), Irrevocable Management Trust Agreement (OncBioMune Pharmaceuticals, Inc)