Common use of Distribution Compliance Period Clause in Contracts

Distribution Compliance Period. Distribution Compliance Period" means a period that begins when the Shares are first issued by DRD under this Loan Agreement during a Redemption Period and continues until after the expiration of 40 days from the completion of the distribution of the Shares issued or issuable under this Loan Agreement, as determined by IBL and certified to DRD. IBL will give DRD written notices of the beginning of the 40 day Distribution Compliance Period at least 3 Business Days before the beginning of the Distribution Compliance Period and a copy of IBL's certification of the date of completion of the distribution of the Shares within one business day of that completion.

Distribution Compliance Period. Distribution Compliance Period" means a period that begins when the Subscription Shares are first issued by DRD the Company under this Loan Agreement during a Redemption Period and continues until after the expiration of 40 days from the completion of the distribution of the Shares issued or issuable under this Loan AgreementSubscription Shares, as determined by IBL BSCM and BSCM Clients and certified to DRDthe Company. IBL BSCM and BSCM Clients will give DRD the Company written notices of the beginning of the 40 day Distribution Compliance Period at least 3 Business Days before the beginning of the Distribution Compliance Period and a copy of IBL's BSCM and BSCM Clients’ certification of the date of completion of the distribution of the Shares within one business day of that completion.