VCOC Letter definition

VCOC Letter shall have the meaning set forth in Section 4.08.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

VCOC Letter means a letter agreement among Borrower, Guarantors, and Foothill's Participants that meets the Venture Capital Operating Company requirements and that is in form and substance reasonably satisfactory to Foothill.

VCOC Letter means a management rights letter executed by the Partnership, substantially in the form attached hereto as Exhibit E.

Examples of VCOC Letter in a sentence

• Assuming the VCOC Letter constitutes the valid and binding obligation of the Purchaser or other Affiliate thereof party thereto, on the Closing Date, the VCOC Letter will be a valid and binding obligation of the Company enforceable against the Company in accordance with its terms, subject to the Enforceability Exceptions.

• The Company and Castle Creek shall have executed and delivered the VCOC Letter Agreement.

• The Company shall have executed and delivered the VCOC Letter Agreement.

• The execution, delivery and performance of this Agreement, the Indenture, the Notes, the VCOC Letter and each Issuer Agreement (the “Transaction Agreements”) and the consummation of the transactions contemplated herein and therein (collectively, the “Transactions”), have been duly authorized by the Board of Directors and all other necessary corporate action on the part of the Company.

• The execution, delivery and performance of this Agreement, the Indenture, the Notes, the VCOC Letter and each Issuer Agreement (the “Transaction Agreements”) and the consummation of the transactions contemplated herein and therein, including the Special Dividend (collectively, the “Transactions”), have been duly authorized by the Board of Directors and all other necessary corporate action on the part of the Company.

More Definitions of VCOC Letter

VCOC Letter means the letter agreement to be entered into by the Company and the Other Purchaser with respect to certain VCOC matters.

VCOC Letter means the venture capital operating company letter between the Company and the Investor in the form attached hereto as Exhibit F.

VCOC Letter means a VCOC Letter, substantially in the form approved by the Required Lenders and reasonably satisfactory to the Borrower.

VCOC Letter has the meaning specified in Section 4.01(1)(j).

VCOC Letter shall have the meaning given in paragraph 3A(ix) hereof.

VCOC Letter has the meaning set forth in Section 5.10 hereof intended to ensure that Silver Lake maintains the status of “venture capital operation company” as defined in the Department of Labor Regulations, Section 251010.3-101(d).

VCOC Letter means that letter agreement providing for certain management rights, dated as of the Effective Date, among the Borrower and one or more Lenders.