Examples of Dissolution Event in a sentence
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.
Upon 15 days after (i) the failure of the Company to meet the Milestone or (ii) a Dissolution Event, the Company will refund to the Contributor an amount equal to (98%) of the Contribution Amount, net of applicable taxes and expenses associated with the AGREEMENT Offering (such amount, the “Returned Contribution”).
If there is a Dissolution Event before the termination of this Safe, the Investor will automatically be entitled 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.
If there is a Dissolution Event before this instrument expires or terminates, the Company will pay an amount equal to the Purchase Amount, due and payable to the Investor immediately prior to, or concurrent with, the consummation of the Dissolution Event.
In a Liquidity Event or Dissolution Event, this Safe is intended to operate like standard non-participating Preferred Stock.