Common use of Dissolution Event Clause in Contracts

Dissolution Event. If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 82 contracts

Sources: Safe (Neo Aeronautics, Inc.), Safe (Neo Aeronautics, Inc.), Safe (Simple Agreement for Future Equity) (Neo Aeronautics, Inc.)

Dissolution Event. If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 30 contracts

Sources: Simple Agreement for Future Equity (Safe), Safe (Simple Agreement for Future Equity), Safe (Simple Agreement for Future Equity)

Dissolution Event. If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d1(e) below) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 12 contracts

Sources: Safe (Plus Automation, Inc.), Safe (Plus Automation, Inc.), Safe (Simple Agreement for Future Equity) (IX Acquisition Corp.)

Dissolution Event. If there is a Dissolution Event before the termination of this SafeSAFE, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) section 1.4 below) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 5 contracts

Sources: Simple Agreement for Future Equity (Safe), Simple Agreement for Future Equity (Safe) (Kovo LLC), Simple Agreement for Future Equity (Safe) (Copyright Wallet Inc.)

Dissolution Event. If there is a Dissolution Event before the termination of this SafeSAFE, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of the Proceeds equal to the Cash-Out Purchase Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 3 contracts

Sources: Safe (Simple Agreement for Future Equity) (Invizyne Technologies Inc), Safe (Simple Agreement for Future Equity) (Invizyne Technologies Inc), Safe (Simple Agreement for Future Equity) (Invizyne Technologies Inc)

Dissolution Event. If there is a Dissolution Event before the termination of this SafeRolling SAFE, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds equal to the Cash-Out greater of (i) the Purchase Amount and (ii) the Conversion Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 2 contracts

Sources: Rolling Safe, Rolling Safe

Dissolution Event. If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below3(b)) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 2 contracts

Sources: Safe (Backblaze, Inc.), Safe (Backblaze, Inc.)

Dissolution Event. If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds proceeds equal to the Cash-Out Purchase Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 2 contracts

Sources: Safe (Simple Agreement for Future Equity), Safe (Simple Agreement for Future Equity)

Dissolution Event. If there is a Dissolution Event before the termination of this SafeSAFE, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 2 contracts

Sources: Safe Agreement (Portage Biotech Inc.), Simple Agreement for Future Equity (Safe)

Dissolution Event. If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds equal to the 45% Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 1 contract

Sources: Hybrid Securities Contract

Dissolution Event. If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds equal to the Cash-Out Purchase Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 1 contract

Sources: Safe (Simple Agreement for Future Equity)

Dissolution Event. If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d1(f) below) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 1 contract

Sources: Safe (Pandion Therapeutics Holdco LLC)

Dissolution Event. If there is a Dissolution Event before the termination of this SafeSAFE, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d1(e) below) to receive a portion of Proceeds equal to the Cash-Out Cash‐Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 1 contract

Sources: Safe (Simple Agreement for Future Equity)

Dissolution Event. If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds equal to the Cash-Out Amount, Amount due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 1 contract

Sources: Safe (Simple Agreement for Future Equity)

Dissolution Event. If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.. DM3\5647300.1

Appears in 1 contract

Sources: Safe (Simple Agreement for Future Equity)

Dissolution Event. If there is a Dissolution Event before the termination end of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) belowLiquidation Priority) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to before the consummation completion of the Dissolution Event.

Appears in 1 contract

Sources: Simple Agreement for Future Equity (Safe)

Dissolution Event. If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds equal to the Cash-Cash- Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 1 contract

Sources: Simple Agreement for Future Equity (Safe)

Dissolution Event. If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 1 contract

Sources: Safe (Obook Holdings Inc.)

Dissolution Event. If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) belowbelow and any Regulatory Approval or required notices, as applicable) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 1 contract

Sources: Safe (Simple Agreement for Future Equity)

Dissolution Event. If there is a Dissolution Event before the termination of this SafeAgreement, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) 1.4 below) to receive a portion of Proceeds equal to the Cash-Out Loan Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 1 contract

Sources: Loan Agreement

Dissolution Event. If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below)) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 1 contract

Sources: Safe (Simple Agreement for Future Equity)

Dissolution Event. If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d1(g) below) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 1 contract

Sources: Simple Agreement for Future Equity (Safe) (Lendbuzz Inc.)

Dissolution Event. If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds equal to the Cash-Cash Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 1 contract

Sources: Safe

Dissolution Event. If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d2(e) below) to receive a portion of Proceeds equal to the Cash-Out Purchase Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 1 contract

Sources: Safe (LanzaTech Global, Inc.)

Dissolution Event. If there is a Dissolution Event before the termination of this SafeRolling SAFE, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Proceeds equal to the Cash-Out Conversion Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 1 contract

Sources: Rolling Safe

Dissolution Event. If there is a Dissolution Event before the termination of this SafeAgreement, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) 1.4 below) to receive a portion of Proceeds equal to the Cash-Out Loan Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution D issolution Event.

Appears in 1 contract

Sources: Loan Agreement

Dissolution Event. If there is a Dissolution Event before the termination of this SafeSAFE, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d3(d) below) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 1 contract

Sources: Post Money Valuation Cap Simple Agreement for Future Equity