FRL definition
Examples of FRL in a sentence
The School District will be responsible for all administrative responsibilities relative to providing Free and Reduced Lunch (FRL) meals to qualifying E/MC students.
Exterior parts of buildings within 3 metres in any direction from substation ventilation openings, including duct openings and louvered panels, must have a fire rating level (FRL) of not less than 180/180/180 where the substation contains oil-filled equipment, or 120/120/120 where there is no oil filled equipment and be constructed of non-combustible material.
All those shareholders who hold shares of FRL in physical form shall also have the option to receive the equity shares in BRL, as the case may be, in dematerialized form provided the details of their account with the Depository Participant are intimated in writing to FRL and / or its Registrar.
On such delivery or endorsement and delivery, the same shall become the property of FRL to the end and intent that the ownership and property therein passes to FRL on such handing over in pursuance of the provisions of Section 394 of the Act.
If required, the bankers of FRL and FRL shall allow maintaining and operating of the bank accounts (including banking transactions carried out electronically) in the name of FRL by BRL in relation to the Retail Business Undertaking for such time as may be determined to be necessary by BRL for presentation and deposition of cheques, pay order and electronic transfers that have been issued/made in the name of BRL.
Provided that the Scheme shall not operate to enlarge the security of any loan, deposit or facility created by or available to Retail Business Undertaking of FRL which shall vest in BRL by virtue of the Scheme and FRL shall not be obliged to create any further or additional security therefore after the Scheme has become effective or otherwise.
From the Appointed Date, FRL shall carry on the activities and operations of the Remaining Undertaking distinctly and as a separate business from the Retail Business Undertaking.
BRL shall in no event be responsible or liable in relation to any such legal or other proceeding against FRL.
The options under the FRL Stock Option plans which, as of the Effective Date, have been vested in employees of the Retail Business Undertaking of FRL but have not been exercised, would be appropriately adjusted in FRL or would be issued options in BRL such that the economic benefit on such options as have been vested in the hands of the employee remains same.
Provided that the Scheme shall not operate to enlarge the security of any loan, deposit or facility created by or available to Retail Infrastructure Business Undertaking of BRL which shall vest in FRL by virtue of the Scheme and BRL shall not be obliged to create any further or additional security therefore after the Scheme has become effective or otherwise.