Common use of Dividends or Other Distributions Clause in Contracts

Dividends or Other Distributions. No dividend or other distribution declared with respect to Indevus Common Stock with a record date after the Milestone Date shall be paid to Holders of CSRs until such Holders deliver a Letter of Conversion. Upon delivery of a Letter of Conversion in accordance with Section 8, there shall be paid to such Holders, promptly after such delivery, the amount of dividends or other distributions, without interest, declared with a record date after the Milestone Date and not paid because of the failure to deliver the Letter of Conversion.

Appears in 6 contracts

Samples: Contingent Stock Rights Agreement (Indevus Pharmaceuticals Inc), Contingent Stock Rights Agreement (Indevus Pharmaceuticals Inc), Contingent Stock Rights Agreement (Indevus Pharmaceuticals Inc)

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