Common use of Expiration and Termination Clause in Contracts

Expiration and Termination. The Agreement shall expire upon the occurrence of the first of the following events: (i) vesting Buyer Tokens in accordance with Article 3(a) or 3(aa), (ii) refunding the equivalent of 80% of the Purchase Amount to the Purchaser in accordance with Article 3(b), (iii) the expiry of the Time Limit if a Token Generation Event has not occurred by 24:00 that day.

Appears in 3 contracts

Sources: Simple Agreement for Future Tokens (Saft), Simple Agreement for Future Tokens (Saft), Simple Agreement for Future Tokens (Saft)

Expiration and Termination. The Agreement shall expire upon the occurrence of the first of the following events: : (i) vesting Buyer Tokens in accordance with Article 3(a) or 3(aa), (ii) refunding the equivalent of 80% of the Purchase Amount to the Purchaser in accordance with Article 3(b), (iii) the expiry of the Time Limit if a Token Generation Event has not occurred by 24:00 that day.

Appears in 1 contract

Sources: Simple Agreement for Future Tokens (Saft)