Broadcasters all operate under a broadcasting year that ends August 31. They then file a return. That return would be used as the basis for the calculation. So I think the payment period would be mid-fall.
I have not personally appreciated how much we rely on the monthly payment piece. This all was new to us when it occurred. We also knew that there was a difference between the regulations and the circular. So make no mistake, without monthly payments, or some form of confirmed bridge financing, we would have a serious problem.