DTV » Topics » Interest Period

This excerpt taken from the DTV DEFA14A filed May 4, 2009.
Interest Period means, for each Advance, the period commencing on the date of such Advance (or January 1, 2010, as applicable) and ending on the last day of the one month period thereafter and, thereafter, each subsequent period commencing on the last day of the immediately preceding Interest Period and ending on the last day of the one month period thereafter; provided, however, that:

(i)        whenever the last day of any Interest Period would otherwise occur on a day other than a Business Day, the last day of such Interest Period shall be extended to occur on the next succeeding Business Day, provided, however, that, if such extension would cause the last day of such Interest Period to occur in the next following calendar month, the last day of such Interest Period shall occur on the next preceding Business Day; and

(ii)       whenever the first day of any Interest Period occurs on a day of an initial calendar month for which there is no numerically corresponding day in the calendar month that succeeds such initial calendar month by the number of months equal to the number of months in such Interest Period, such Interest Period shall end on the last Business Day of such succeeding calendar month.

This excerpt taken from the DTV 8-K filed May 4, 2009.
Interest Period means, for each Advance, the period commencing on the date of such Advance (or January 1, 2010, as applicable) and ending on the last day of the one month period thereafter and, thereafter, each subsequent period commencing on the last day of the immediately preceding Interest Period and ending on the last day of the one month period thereafter; provided, however, that:

(i)        whenever the last day of any Interest Period would otherwise occur on a day other than a Business Day, the last day of such Interest Period shall be extended to occur on the next succeeding Business Day, provided, however, that, if such extension would cause the last day of such Interest Period to occur in the next following calendar month, the last day of such Interest Period shall occur on the next preceding Business Day; and

(ii)       whenever the first day of any Interest Period occurs on a day of an initial calendar month for which there is no numerically corresponding day in the calendar month that succeeds such initial calendar month by the number of months equal to the number of months in such Interest Period, such Interest Period shall end on the last Business Day of such succeeding calendar month.

EXCERPTS ON THIS PAGE:

DEFA14A
May 4, 2009
8-K
May 4, 2009
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