VLL definition
Examples of VLL in a sentence
The Holders, the holders of ▇▇▇ Registrable Securities and the holders of VLL Registrable Securities shall share such portion of the Company’s offering allocated to selling stockholders on a pro rata basis based upon their relative ownership of the Company’s outstanding stock carrying piggyback registration rights.
The purpose of this MOU is to form a relationship between the School/District and FLVS with the intent to ensure innovative learning solutions for all students within the Virtual Learning Lab (VLL).
VLL agrees that it will indemnify, defend and hold harmless each other Lender for any claims arising as a result of VLL’s exercise of its rights under this Section 5.3.
Any provision of this Section 7 may be amended and the observance thereof may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of the Company and VLL.
A Virtual Learning Lab (VLL) is a school whereby students are working on FLVS course(s) taught by FLVS instructor(s) at a school with a facilitator.
VLL shall cooperate with Borrower to ensure that the exercise of VLL’s rights shall not disrupt the business of Borrower.
In no event shall the number of Registrable Securities underwritten in such an offering be limited unless and until all other shares held by persons other than a Holder, an Ipsen Holder or a VLL Holder are completely excluded from such offering.
The parties will make themselves available annually by , to discuss the conditions covered by this agreement, and to coordinate any activities pursuant to this agreement including preparing an updated Aunnual Operating Plan in accordance with Provision V.LL.
The rights enumerated above shall not be construed as giving VLL control over Borrower’s management or policies.
VLL does not know, and has no reason to know of any facts or circumstances that could reasonably be expected to cause VLL to no longer qualify as (A) a “venture capital operating company”, (B) a “business development company”, or (C) a “regulated investment company” as those terms are defined above.