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On February 14,2000, CIrcuitsum Ltd

question 53

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On February 14,2000, CIrcuitsum Ltd. filed an application under the Integrated Circuits Topography Act, to register its ownership of the topography of the "arathmatik" microchip which it had exhibited and sold at a trade fair on September 20, 1 999. Registration under the Act occurred on June 25, 2000. When does Circuitsum's protection of the topography commence?


Definitions:

Principal Amount

The original sum of money borrowed in a loan, or invested, upon which interest is calculated.

Loan Term

The length of time over which a loan agreement is scheduled to be repaid.

Callable Bonds

Bonds that can be redeemed by the issuer before their maturity date at a predetermined call price.

Deferred Call Provision

A clause in a bond contract that protects the bond issuer from calling (repurchasing) the bond for a specified period, providing stability to the bondholder.

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