Common use of Company Share Distribution Clause in Contracts

Company Share Distribution. Subject to the delivery by NASCAR of the Company Share Distribution Closing Notice, at the Company Share Distribution Closing (as defined herein), the WCF Family Trustees will distribute to (a) LDK, and LDK will receive from the WCF Family Trustees, all right, title and interest in the LDK Company Shares, free and clear of any Liens (other than Liens arising pursuant to applicable securities Laws), and (b) the BZF Shareholder, and the BZF Shareholder will receive from the WCF Family Trustees, all right, title and interest in the BZF Company Shares, free and clear of any Liens (other than Liens arising pursuant to applicable securities Laws). NASCAR shall deliver the Company Share Distribution Closing Notice prior to the effectiveness of the merger contemplated by the ISC Merger Agreement. The WCF Family Trust Company Shares will be distributed so that LDK and BZF will have an equivalent tax basis in such shares.

Company Share Distribution. Subject to the delivery by NASCAR of the Company Share Distribution Closing Notice, at the Company Share Distribution Closing (as defined herein), the WCF Family Trustees BJF Personal Representatives will distribute to (a) LDK, and LDK will receive from the WCF Family TrusteesBJF Personal Representatives, all right, title and interest in the LDK Additional Company Shares, free and clear of any Liens (other than Liens arising pursuant to applicable securities Laws), and (b) the BZF ShareholderBZF, and the BZF Shareholder will receive from the WCF Family TrusteesBJF Personal Representatives, all right, title and interest in the BZF Additional Company Shares, free and clear of any Liens (other than Liens arising pursuant to applicable securities Laws). NASCAR shall deliver the Company Share Distribution Closing Notice prior to the effectiveness of the merger contemplated by the ISC Merger Agreement. The WCF Family Trust BJF Estate Company Shares will be distributed so that LDK and BZF will have an equivalent tax basis in such shares.