Common use of Distribution Compliance Period Clause in Contracts

Distribution Compliance Period. Distribution Compliance Period" means a period that begins when the Subscription Shares are first issued by the Company under this Agreement during a Redemption Period and continues until after the expiration of 40 days from completion of the distribution of the Subscription Shares, as determined by BSCM and BSCM Clients and certified to the Company. BSCM and BSCM Clients will give 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 BSCM and BSCM Clients’ 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 the Company 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 Subscription SharesShares issued or issuable under this Loan Agreement, as determined by BSCM and BSCM Clients IBL and certified to the CompanyDRD. BSCM and BSCM Clients IBL will give the Company 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 BSCM and BSCM Clients’ IBL's certification of the date of completion of the distribution of the Shares within one business day of that completion.