Token Holders definition
Examples of Token Holders in a sentence
Upon the payment (in full) of all amounts payable to the Token Holders hereunder, all Tokens will be deemed fully satisfied and automatically terminated without further notice to, or action by, any party.
For example: If net proceeds to the Company as part of a Change of Control is $100 million and assuming that the original 300 million Tokens are in existence, then · $35 million would be offered to Token Holders; o If only 10% of Token Holders (30 million Tokens) participate in option to take Distributable Change of Control Proceeds, then they would receive $3.5 million spread across 30 million Tokens, or $0.1166 Per Token.
Each PA Notice will also specify the manner in which the Token Holders may submit their respective approval/disapproval of the subject Proposed Amendment (whether electronically or otherwise).