This excerpt taken from the CVS 8-K filed Sep 10, 2008.
Calculation Agent”), which shall initially be the Trustee.
The Company will pay interest on the Notes quarterly on September 10, December 10, March 10 and June 10 of each year, commencing December 10, 2008. Interest on the Notes will accrue from the most recent date to which interest has been paid, or, if no interest has been paid, from September 10, 2008. The Company shall pay interest on overdue principal at the rate borne by the Notes. If any interest payment date is not a Business Day, other than the interest payment date that is also the date of maturity for the Notes, then payment of interest will be made on the next succeeding Business Day, except that if such next Business Day is in a different month, then that payment date will be the immediately preceding day that is a Business Day. If the date of maturity for the Notes is not a Business Day, payment of principal and interest on the Notes will be made on the next succeeding Business Day and no interest will accrue for the period from and after such date of maturity.