VACD definition
Examples of VACD in a sentence
VACD is a group of volunteers formed to assist children with disabilities and their families overcome discrimination, financial difficulties, social stigma, health issues etc.
Except for the Source Code for CALLdesigner and VACD, which DAS agrees to deliver into escrow under a separate escrow agreement acceptable in form and content to both IPNI and DAS, DAS shall deliver all Code for the IPNI Application and all Documentation contemplated by the Design Specifications to IPNI within ten days after the date of this Agreement.
IPNI may exercise the rights granted under this SECTION 6.2 only with respect to the Object Code version of the entire IPNI Application and may not sell, license or otherwise exploit any part of CALLdesigner or VACD as an independent routine, utility or Code.
Both LSF and VACD believe that each party’s aims and objectives are broadly in line with their mutual aspirations which are to help and assist the needy and that these noble objectives fall within each other’s constitutions, philosophy, operating guidelines, principles and code of ethics.
With each royalty payment, DAS shall send IPNI a written report in reasonable detail of its VACD Sales.
Upon IPNI's reasonable request, IPNI may have an independent auditor examine any books and records relevant to the calculation of VACD Sales during DAS's normal business hours to verify DAS's royalty payments and statements.
In consideration of IPNI's funding, DAS agrees to pay IPNI a royalty equal to 7.5% of DAS's VACD Sales.
For as long as IPNI may exercise its rights under this SECTION 6.2, DAS may not use or allow anyone else to use VACD as part of any product or service that materially resembles or competes directly with the IPNI Application and incorporates any other Code that DAS developed for the IPNI Application under this Agreement.
For each calendar quarter, DAS shall keep complete books and records relating to its VACD Sales and the information presented in the reports required by SECTION 7.1 and shall maintain those books and records, in a manner that clearly differentiates between DAS's VACD Sales and revenue from all other sources, for at least three years after the quarter ends.
The restrictions in this SECTION 6.3 shall not apply to CALLdesigner, VACD or any development tools that DAS may have developed before the date of the Letter of Intent.