Liquidation Priority. In a Liquidity Event or Dissolution Event, this Safe is intended to operate like standard non-participating Preferred Stock. The Investor’s right to receive its Cash-Out Amount is:
Liquidation Priority. In a Liquidity Event or Dissolution Event, the SAFE Sequel NoteHolders’ right to receive its Cash-Out Amount is:
Liquidation Priority. In a Liquidity Event or Dissolution Event, this CAFE is intended to operate like standard non-participating, junior Preferred Stock. The Investor’s right to receive its Conversion Amount is:
Liquidation Priority. In a Change of Control or Dissolution, the SAFE is intended to operate similar to standard non-participating Preferred Stock. In particular:
Liquidation Priority. In a Liquidity Event, this REG-CF SAFE is intended to operate like standard non-participating Preferred Stock. The In- vestor’s right to receive its Cash-Out Amount is:
Liquidation Priority. In a Liquidity Event or Dissolution Event, this Rolling SAFE is intended to operate like standard non-participating, Preferred Stock. The Investor’s right to receive the greater of (x) the Purchase Amount and (ii) its Conversion Amount is:
Liquidation Priority. In the event of any voluntary or involuntary liquidation, dissolution, or winding-up of the Corporation, the holder of the Callable Preferred Shares shall have a first priority on liquidation superior to that of the other Preferred Stock and Common Stock. The Callable Preferred Shareholders will be entitled to preferential amounts paid into the Corporation and be paid in full, for funds paid for the Callable Preferred Shares, if sufficient funds exist. A liquidation, dissolution, or winding-up of the Corporation, as such terms are used in this Section shall not be deemed to be occasioned by or to include any merger of the Corporation with or into one or more corporations or other entities, any acquisition or exchange of the outstanding shares of one or more classes or series of the Corporation, or any sale, lease, exchange, or other disposition of all or a part of the assets of the Corporation.
Liquidation Priority. In a Liquidity Event or Dissolution Event, this SAFE is intended to operate like standard non-participating Preferred Stock. The ODX Funds' rights to receive their respective Cash-Out Amounts are:
Liquidation Priority. In a Corporate Liquidity Event or Dissolution, this SAFE is intended to operate similarly to standard non-participating preferred stock. The SAFE Investor’s right to receive the amounts set forth in Section 2.2 or Section 3, as applicable, shall be: (1) junior to payment of outstanding indebtedness and creditor claims, including contractual claims for payment and convertible promissory notes (to the extent such convertible promissory notes are not actually or notionally converted into Units); (2) on par with payments for other SAFES and/or Preferred Units, and if the applicable Proceeds are insuficient to permit fully payments to the SAFE Investor of this SAFE and such other SAFES and/or Preferred Units, the applicable Net Proceeds will be distributed pro rata to the SAFE Investor and such other SAFES and/or Preferred Units in proportion to the full payments that would otherwise by due; and (3) senior to payments for Common Units.
Liquidation Priority. In a Liquidity Event or Dissolution Event, this CARE is intended to operate such that Investor is an unsecured general creditor, with right of payment junior to senior debt and senior to any equity payments.
