Distribution Event. If there is a Distribution before this instrument expires or terminates, the Company will pay to the Investor an amount equal to the Pro Rata Share of the Distribution Amount, due and payable simultaneously with the payment of the Distribution Amount to the other holders of Capital Stock.
Appears in 4 contracts
Sources: Incubation Fund Award Agreement, Simple Agreement for Future Equity (Safe), Safe (Simple Agreement for Future Equity)
Distribution Event. If there is a Distribution before this instrument expires or terminates, the Company will pay to the Investor an amount equal to the Pro Rata Share of the Distribution Amount, due and payable simultaneously with the payment of the Distribution Amount to the other holders of Capital StockStock or Non-Corporate Securities, as the case may be.
Appears in 2 contracts
Sources: Incubation Fund Award Agreement, Simple Agreement for Future Equity (Safe)