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Re: loanranger post# 32365

Saturday, 06/04/2016 1:34:52 PM

Saturday, June 04, 2016 1:34:52 PM

Post# of 97078
loanranger,I really like your well informed/written posts (a rarity on IHUB),but if you are saying this section:

(2) a brief description of the terms and conditions of the agreement or amendment that are material to the registrant.
(b) For purposes of this Item 1.01, a material definitive agreement means an agreement that provides for obligations that are material to and enforceable against the registrant, or rights that are material to the registrant and enforceable by the registrant against one or more other parties to the agreement, in each case whether or not subject to conditions.



obligates DECN to release all details regarding the settlement I think you are overlooking this part: obligations that are material to and enforceable against the registrant.
This settlement puts DECN under no financial obligation(debt) at all, so I don't see it requiring disclosure here.

agree?
regartds

GO NAVY !!