Common use of Rights to Dividends and Distributions Clause in Contracts

Rights to Dividends and Distributions. Alter agrees that Lessee shall pay, and Lessee agrees to pay, directly to SHP all dividends and other distributions after the Closing and prior to the exercise of the Option, whether cash or non-cash, with respect to any Securities beneficially owned by it. To the extent any such dividends or other distributions are paid directly to Alter or any of his Affiliates (including Alter SHP LLC), Alter agrees to, or to direct any such Affiliate to, immediately forward any such dividends and distributions to SHP.