Platform Launch definition

Platform Launch means the publicized product launch of the Platform to the general public, including the ability of the general public to use Tokens as the primary means of exchange for transactions on the Platform. If the Client does not raise more than $40 million in connection with its offer and sale for cash of (i) one or more Simple Agreements for Future Tokens (the “Additional SAFTs”), which Additional SAFTs will entitle the holders thereof to receive Tokens under certain circumstances, and/or, (ii) Tokens, in the event that the Client determines to offer and sell Tokens in lieu of or in addition to Additional SAFTs in connection with its fundraising efforts (collectively, the “Offering”), prior to May 31, 2018, ACI shall be required to return the Works Fees and Additional Fees to the Client and the Client and ACI shall be required to negotiate in good faith the amount of each of such fee (such requirement to negotiate is referred to herein as the “Renegotiation Obligation”).

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Platform Launch means completing the development and testing of the Serenity Financial Strategy product and bona fide public release of Serenity Financial Strategy product as a fully functioning and secure Strategy client that conforms to Serenity Financial protocols, the protocols including the Strategy product being accessible via a subscription payable in SRNT tokens, wherein the Serenity Financial Strategy product being authorized to engage in activities that may be licensed and that may be conducted via authorized brokers, investment funds, financial institutions, stock exchanges, cryptocurreny exchanges and/or other legal entities or regulated bodies that are authorized to conduct their activities in select jurisdictions.

Platform Launch means the publicized product launch of the Platform to the general public, including the ability of the general public to use Tokens as the primary medium of exchange for transactions on the Platform.

Examples of Platform Launch in a sentence

SAFT Holding Period 1/6th of the Tokens issuable upon conversion of each SAFT will vest and be delivered to the holder of such SAFT on the same day of the month as the Platform Launch in each of the first six months after the month in which the Platform Launch occurs.
The parties agree that this clause is not a penalty and is genuine pre-estimate of the loss which will be suffered should Milestone 3 not be met by the Platform Launch Deadline.
The Company makes no warranties or representations and offers no guarantees whether express or implied that the SERENITY tokens will confer any actual or exercisable rights of use, functionality, features, purpose or attributes in connection with the Serenity Financial platform prior to the Platform Launch.
If there is a Platform Launch before the expiration or termination of this instrument, the Company will automatically issue to the Investor a number of MATEs equal to the Purchase Amount divided by the SAFT Price at the 6 month Discount Multiple (the “Initial MATEs”).
The license and rights granted in this Section 2 may not be sublicensed or assigned.
This Agreement will expire and terminate upon the earlier of, and the Company will have the obligation to repay to the Purchasers the aggregate amount of all Purchase Amounts: the issuance of SERENITY tokens to the Purchaser pursuant to Section 4; the Platform Launch has not occurred and will not occur; or Occurrence of the Dissolution Event.
If the SAFTs terminate due to the Platform Launch not having occurred prior to the Launch Deadline, the Company will be obligated to repay Investors the aggregate of all Purchase Amounts.
The Recipient understands that the Tokens involve risks, all of which the Recipient fully and completely assumes, including, but not limited to, the risk that (i) the technology associated with the Platform will not function as intended; (ii) the Platform and Platform Launch will not be completed; (iii) the Platform will fail to attract sufficient interest from key stakeholders; and (iv) the Company and/or the Platform may be subject to investigation and punitive actions from Governmental Authorities.
The Company makes no warranties or representations and offers no guarantees whether express or implied that the SRNT tokens will confer any actual or exercisable rights of use, functionality, features, purpose or attributes in connection with the Serenity Financial platform prior to the Platform Launch.
With respect to the Monthly Services, ACI will provide the Monthly Services for one (1) year commencing on the date of the Platform Launch (as defined below), after which this Agreement and the provision of the Monthly Services will automatically renew for one (1) year periods and can be terminated by either ACI or the Client with 30 days’ written notice.

More Definitions of Platform Launch

Platform Launch shall be deemed to have occurred upon the date that is the later of: (a) the first anniversary of the date hereof, or such earlier date as announced by the Company, and

Platform Launch means the first date on which the Tokens issued during the Initial Token Generation Event can be used to engage in transactions on the Platform as more fully described in the Memorandum.

Platform Launch means the later of: (a) the first anniversary of the date hereof, or such earlier date as announced by the Company, and (b) the date of the bona fide public release of the Augmate Platform as announced by the Company. Financial and operating risks confronting startups are significant and Augmate is not immune to these. The startup market in which the Company competes is highly competitive and the percentage of companies that survive and prosper is small. Startups often experience unexpected problems in the areas of product development, marketing, financing, and general management, among others, which frequently cannot be solved. In addition, startups often require substantial amounts of financing, which may not be available through institutional private placements, the public markets or otherwise. If Augmate has unsolvable problems achieving the Platform Launch, whether due to an inability to raise financing or otherwise, or does not survive until the Platform Launch, the value of your SAFT will be materially harmed.

Platform Launch means the date of the public launch of the Coral Health Platform to the public as determined by the Company. Any proof of concept, minimum viable product, or reduced feature versions of Coral Health Platform that may be developed and deployed with select customers on an unpaid or paid trial basis will not constitute the Platform Launch.

Platform Launch the bona fide public release of the COBINHOOD Token and a fully functioning and secure COB Token blockchain running a client that conforms as ratified by BEING, Inc.