Token Distribution Event definition

Token Distribution Event means the date on which the Token Issuer will provide Tokens to the Purchaser under this Agreement. The timing of the Token Distribution Event will be determined at the sole discretion of the Token Issuer; provided, however, that if the Tokens are not delivered by the date of the expiration of the Distribution Compliance Period, the Token Distribution Event shall be no later than 10 days after the expiration of the Distribution Compliance Period (the “Token Distribution Deadline”), subject to Section 2(b). The Token Issuer will provide 21 days’ notice prior to the Token Distribution Event.

Token Distribution Event means the Token Issuer’s offer and sale of immediately deliverable Tokens to persons other than persons who control, are controlled by, or are under common control with the Token Issuer.

Token Distribution Event means the initial transfer of 2KEY tokens by the Company, following the date hereof, to purchasers of 2KEY tokens who have paid for such 2KEY Tokens in the form of, including but not limited to, other types of Blockchain Tokens, such as ETH and BTC, or another cryptocurrency, cash or a combination thereof. Notwithstanding the foregoing: (a) any other future tokens agreements, pre-commitments and pre-sales of Company Tokens and (b) a transfer of Company Tokens for no consideration or in consideration for work or services provided to the Company or the Token Entity or any affiliate, in each case, shall not be considered a Token Distribution Event.

Examples of Token Distribution Event in a sentence

• The sale or distribution of a significant number of Tokens outside of the Token Distribution Event, or the perception that such further sales or issuance may occur, could adversely affect the trading price of the Tokens.

• Future sales of the Tokens could materially and adversely affect the market price of Tokens Any future sale of the Tokens (which were not available for sale in the Token Distribution Event) would increase the supply of Tokens in the market and this may result in a downward price pressure on the Tokens.

• The Debtors would, in essence, be passing on a potentially valuable digital asset source that does not require any remuneration other than offering the Token Distribution Event to Eligible Customers.

• Facilitating the Token Distribution Event satisfies the horizontal test.

• In addition, this Section 2(a) shall not apply if the representations and warranties of the purchasers of Tokens set forth in the Token Distribution Documents are not true with respect to the Purchaser at the time of the Token Distribution Event or if the Purchaser is otherwise not eligible to receive Tokens at the time of the Token Distribution Event under the Token Distribution Documents.

More Definitions of Token Distribution Event

Token Distribution Event means the date that is the later of (i) the date that is a year and one day after the date of this DDA and (ii) the date that is eighteen months after May 13, 2019.

Token Distribution Event means the time at which the Company or an Affiliate makes Tokens available to participants in the Company’s previous SAFT, or other analogous token-presale instrument, offerings before a Public Token Offering.

Token Distribution Event means the date on which the Token Issuer will provide Tokens to the Purchaser under this Agreement. The timing of the Token Distribution Event will be determined at the sole discretion of the Token Issuer; provided, however, that if the Tokens are not delivered by the date of the expiration of the Distribution Compliance Period, the Token Distribution Event shall be no later than 10 days after the expiration of the Distribution Compliance Period (the “Token Distribution Deadline”), subject to Section 2(b). The Token Issuer will provide 21 days’ notice prior to the Token Distribution Event. “Token Issuer” shall have the meaning given to it in the opening paragraph of this document. “Tokens” shall have the meaning provided in the opening paragraph of this document. For the avoidance of doubt, the meaning shall be inclusive of the singular form, “Token.” “Use Restriction” means the general prohibition on the Purchaser’s ability to sell, transfer, spend, exchange or otherwise make use of the Tokens on the Blockstack Network. 2

Token Distribution Event means the public sale of cryptographic tokens in the GlitzKoin Project as seen as necessary for its running, or a private offering with equivalent purpose and different scope.

Token Distribution Event means the initial transfer by the Company or the Token Entity of Company Tokens, following the date hereof, to purchasers of Company Tokens who have paid consideration for such Company

Token Distribution Event means an initial Blockchain Token offering by the Company, for public acquisition in exchange for consideration, including but not limited to, other types of Blockchain Tokens, such as Ether (ETH) and BTC, or another cryptocurrency, cash or a combination thereof following the date hereof, excluding any pre-sales relating to such offering. Notwithstanding the foregoing, a transfer of Blockchain Tokens for no consideration or in consideration for work or services provided to the Company, in each case, shall not be considered a Token Distribution Event.

Token Distribution Event means a bona fide transaction or series of transactions, including the successful conclusion of the Auction, pursuant to which, after the occurrence of the Network Launch, the Company distributes Tokens to the Purchasers of Token Purchase Agreements, including this Agreement.