VHL definition
Examples of VHL in a sentence
Virgin America shall use its diligent and reasonable best efforts to negotiate with the Processors reductions in (a) the level of Risk Coverage required to be maintained under the Amex Agreement and (b) the level of the “Required Amount” (as defined in the U.S. Bank Agreement) required to be maintained under the U.S. Bank Agreement, and upon the reasonable request of VHL shall provide VHL with updates as to the status of such negotiations.
Non-functional PNETs can occur as part of the MEN-1 syndrome or may be associated with Von-Hippel Lindau disease (VHL).
Immediately upon the Closing of the Initial Public Offering, the Company and VHL shall execute and deliver that certain Letter of Credit Reimbursement Agreement in the form attached hereto as Exhibit B (the “Reimbursement Agreement”).
Virgin America shall not enter into or consent to any amendment, waiver or modification of, or supplement to, any Processor Agreement that is adverse to the interests of VHL without VHL’s prior written consent.
Virgin America shall notify VHL in writing within two (2) Business Days of the occurrence of an Event of Default.
Not later than ten (10) Business Days prior to the expiration of a Letter of Credit, Virgin America shall (i) cause the Beneficiary to return such Letter of Credit to the Letter of Credit Issuer or (ii) (A) make all necessary arrangements with the Beneficiary to permit such Letter of Credit to expire without drawing on it and (B) deliver to VHL a certificate signed by a duly authorized officer of Virgin America describing such arrangements in reasonable detail.
The Recourse Arrangement Fee with respect to each Letter of Credit shall be payable in cash quarterly in arrears on the fifth (5th) Business Day after the last day of each calendar quarter and within ten (10) Business Days after the Termination Date with respect to such Letter of Credit by wire transfer of immediately available United States Dollar funds to the VHL Account.
Virgin America shall provide to VHL copies of any amendment, waiver or modification of, or supplement to, any Processor Agreement promptly upon its execution.
If an Event of Default occurs and is continuing, VHL may pursue any available remedy to collect the payment of the obligations outstanding hereunder or to enforce the performance of any provision of this Agreement.
This Agreement may not be changed, waived, discharged or terminated orally, but may only be amended, waived or modified by an instrument in writing signed by Virgin America and VHL.