Every indexed document

managing traditional K-12 schools on behalf of school districts. Later

which manage traditional K-12 public schools on behalf of a school

k12 sells its curriculum through the following channels:

with the goal of leveraging technology to create the highest-quality

consisting of comprehensive online and offline curriculum that supports numerous

and the Master Lease may not be terminated by KLC OpCo. KLC OpCo is

subject to increases every five years. The Master Lease is a triple net lease that requires

and KLC OpCo entered into a Master Lease with KLC PropCo for

3.33% for prepayments made in the fourth year and 1.66% for prepayments made

6.66% for prepayments made in the second year

subject to a prepayment premium equal to 8.32% for

particularly the risk factor related to projected financial statements

together with the lease of KLC PropCo-owned centers to KLC OpCo

requiring KLC OpCo to fund all property taxes

carries an initial term of 15 years with two extensions available for five years

the proceeds of which were used to repay KLC OpCo debt. The table below

which are referred to as KLC PropCo. In October 2005

at the option of the KSI Parent upon a sale of KSI

pursuant to which they may be required to sell a pro rata portion of their

or a transfer of securities by any of the Parent Entities resulting in the