Common use of DISTRIBUTIONS TO FORMER ASHLAND SHAREHOLDERS Clause in Contracts

DISTRIBUTIONS TO FORMER ASHLAND SHAREHOLDERS. If the New Ashland Inc. Share Issuance is to be effected through a distribution in accordance with Section 1.04(b), the Ashland Board and the Board of Directors of HoldCo shall have determined in good faith that such distribution will be in compliance with all applicable Law relating to such distribution.

Appears in 4 contracts

Samples: Master Agreement (Marathon Oil Corp), Master Agreement (Marathon Oil Corp), Master Agreement (Ashland Inc)

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