Examples of Distribution Agreement in a sentence
Effective as of the Distribution Date, but prior to the Distribution, U.S. Home distributes to Lennar all of the shares of SpinCo Common Stock (as defined in the Distribution Agreement).
Without the need for any further action by any party (except as otherwise required by applicable law), TRSCo hereby agrees to elect to be classified as a corporation for U.S. federal income tax purposes effective as of the Distribution Date and before the Distribution (as such term is defined in the Distribution Agreement) (the “Distribution”).
At Lennar’s election without the need for any further action by any other party (except as otherwise required by applicable law), Lennar, SpinCo, and TRSCo each hereby agrees to make one or more elections under section 336(e) of the Code and the Treasury Regulations promulgated thereunder and under any comparable provisions of state, local, or non-U.S.-law with respect to the Distribution, as provided in the Distribution Agreement, and effective as of the Distribution Date.