Common use of Cash Distribution Clause in Contracts

Cash Distribution. Immediately following the Company Share Distribution pursuant to Section 2.1, the Company will distribute all of its cash to the holders of the Company Common Stock (JCF, LDK and the BZF Shareholder) on a pro rata basis in accordance with their ownership of Company Shares by wire transfer of immediately available funds to the accounts specified in writing by such Persons prior thereto or check (as elected by the Company) or other manner as agreed between the applicable Parties (the “Cash Distribution”).

Appears in 2 contracts

Samples: Stock Transfer Agreement (International Speedway Corp), Stock Transfer Agreement (International Speedway Corp)

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Cash Distribution. Immediately following the Company Share Distribution pursuant to Section 2.1, the Company will distribute all of its cash (after giving effect to the WOLP Transactions) to the holders of the Company Common Stock (JCF, LDK and the BZF ShareholderBZF) on a pro rata basis in accordance with their ownership of Company Shares by wire transfer of immediately available funds to the accounts specified in writing by such Persons prior thereto or check (as elected by the Company) or other manner as agreed between the applicable Parties (the “Cash Distribution”).

Appears in 2 contracts

Samples: Stock Transfer Agreement (International Speedway Corp), Stock Transfer Agreement (International Speedway Corp)

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