Token Distribution Event Clause Samples

A Token Distribution Event clause defines the terms and conditions under which digital tokens are allocated or distributed to participants, investors, or stakeholders. Typically, this clause outlines the timing, method, and eligibility criteria for receiving tokens, such as vesting schedules, lock-up periods, or minimum purchase requirements. Its core practical function is to ensure transparency and predictability in the distribution process, thereby reducing disputes and aligning expectations among all parties involved.
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Token Distribution Event. The Company intends to conduct a distribution event with respect to up to 1,540,000,000 Blockstack Tokens held by it (the “Token Distribution Event”). The Token Distribution Event will occur at a future, currently unknown, date depending on the successful development and deployment of the Token Functionality and the Token Distribution Event may never happen.
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Token Distribution Event. On the day of the Token Distribution Event, the Token Issuer will issue to the Purchaser a number of Tokens equal to the Purchaser’s Token Amount; provided that, in connection with and prior to the issuance of the Token Amount by the Token Issuer to the Purchaser pursuant to this Section 2(a): (i) The Purchaser will execute and deliver to the Token Issuer any and all other transaction documents related to this Agreement, including but not limited to the Purchase Agreement. The Purchaser agrees that the Purchaser’s signature on the Signature Page to the Purchase Agreement constitutes delivery and execution of both the DDA and the DDA Purchase Agreement; (ii) The Purchaser has executed a SAFE with the SAFE Purchaser; (iii) Prior to the Token Distribution Event, the Purchaser will provide to the Token Issuer a digital wallet address to which the Token Issuer may deliver the Token Amount. For the avoidance of doubt, the public wallet address must be under the direct or indirect control of the Purchaser and shall not be under the direct or indirect control of a third-party. The Purchaser shall provide the Token Issuer with its digital wallet address at least 7 days before the Token Distribution Event. The Token Issuer will provide the Purchaser with notice of the need to do so when announcing the Token Distribution Event at least 14 days prior to the Token Distribution Event.
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Token Distribution Event. On the Initial Token Distribution Date (defined below), before the expiration or termination of this SAFT, the Token Issuer will automatically issue the Tokens to the Subscriber; provided that, in connection with and prior to the issuance of Tokens by the Token Issuer to the Subscriber pursuant to this Section 1(a),
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Token Distribution Event. The Company intends to conduct a distribution event with respect to up to 1,000,000,000 Hunter Diamonds held by it (the “Token Distribution Event”). The Token Distribution Event will occur at a future, currently unknown, date depending on the successful development and deployment of the Token Functionality and the Token Distribution Event may never happen.
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Token Distribution Event. When Glitter Holdings operates a public Token Distribution Event for the GlitzKoin Project, the GlitzKoin Project will automatically issue to the Purchaser a number of Tokens equal to the amount of the Purchaser Tokens.
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Token Distribution Event the closing of the final phase of the initial sale of Tokens by EcoLands;
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Token Distribution Event. On the Initial Token Distribution Date (defined below), before the expiration or termination of this SAFT, the Token Issuer will automatically issue the Tokens to the Subscriber; provided that, in connection with and prior to the issuance of Tokens by the Token Issuer to the Subscriber pursuant to this Section 1(a), (i) The Subscriber will execute and deliver to the Token Issuer any transaction documents related to this SAFT and/or the Tokens upon reasonable request in order to give effect to the transaction(s) contemplated by this SAFT; and (ii) The Subscriber will provide the Token a digital security token wallet address to which the Token Issuer may deliver Tokens during the anticipated Token Distribution Event. If the Subscriber is unable to provide such a wallet, the Token Issuer may create such a wallet for the Subscriber and assign it to the Subscriber. For the avoidance of doubt, the digital security token wallet address must be under the direct or indirect control of the Subscriber and shall not be under the direct or indirect control of a third-party.
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Related to Token Distribution Event

  • Liquidation Distribution Distributions made upon dissolution of the Partnership shall be made as provided in Section 9.03.

  • Final Distribution The Issuer shall give the Indenture Trustee at least 30 days written notice of the Payment Date on which the Noteholders of any Series, Class or Tranche may surrender their Notes for payment of the final distribution on and cancellation of such Notes. Not later than the fifth day of the month in which the final distribution in respect of such Series, Class or Tranche is payable to Noteholders, the Indenture Trustee shall provide notice to Noteholders of such Series, Class or Tranche specifying (i) the date upon which final payment of such Series, Class or Tranche will be made upon presentation and surrender of Notes of such Series, Class or Tranche at the office or offices therein designated, (ii) the amount of any such final payment and (iii) that the Record Date otherwise applicable to such payment date is not applicable, payments being made only upon presentation and surrender of such Notes at the office or offices therein specified (which, in the case of Bearer Notes, shall be outside the United States). The Indenture Trustee shall give such notice to the Note Registrar and the Paying Agent at the time such notice is given to Noteholders. (a) Notwithstanding a final distribution to the Noteholders of any Series, Class or Tranche of Notes (or the termination of the Issuer), except as otherwise provided in this paragraph, all funds then on deposit in any Issuer Account allocated to such Noteholders shall continue to be held in trust for the benefit of such Noteholders, and the Paying Agent or the Indenture Trustee shall pay such funds to such Noteholders upon surrender of their Notes, if certificated. In the event that all such Noteholders shall not surrender their Notes for cancellation within 6 months after the date specified in the notice from the Indenture Trustee described in paragraph (a), the Indenture Trustee shall give a second notice to the remaining such Noteholders to surrender their Notes for cancellation and receive the final distribution with respect thereto (which surrender and payment, in the case of Bearer Notes, shall be outside the United States). If within one year after the second notice all such Notes shall not have been surrendered for cancellation, the Indenture Trustee may take appropriate steps, or may appoint an agent to take appropriate steps, to contact the remaining such Noteholders concerning surrender of their Notes, and the cost thereof shall be paid out of the funds in the Collection Account or any Supplemental Issuer Accounts held for the benefit of such Noteholders. The Indenture Trustee and the Paying Agent shall pay to the Issuer any monies held by them for the payment of principal or interest that remains unclaimed for two years. After payment to the Issuer, Noteholders entitled to the money must look to the Issuer for payment as general creditors unless an applicable abandoned property law designates another Person.

  • Dissolution Event 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.

  • When Distribution Must Be Paid Over In the event that the Trustee or any Holder receives any payment of any Obligations with respect to the Notes (other than Permitted Junior Securities and payments made from any defeasance trust created pursuant to Section 8.01 hereof) at a time when the Trustee or such Holder, as applicable, has actual knowledge that such payment is prohibited by Section 10.04 hereof, such payment will be held by the Trustee or such Holder, in trust for the benefit of, and will be paid forthwith over and delivered, upon written request, to, the holders of Senior Debt as their interests may appear or their Representative under the agreement, indenture or other document (if any) pursuant to which Senior Debt may have been issued, as their respective interests may appear, for application to the payment of all Obligations with respect to Senior Debt remaining unpaid to the extent necessary to pay such Obligations in full in accordance with their terms, after giving effect to any concurrent payment or distribution to or for the holders of Senior Debt. With respect to the holders of Senior Debt, the Trustee undertakes to perform only those obligations on the part of the Trustee as are specifically set forth in this Article 10, and no implied covenants or obligations with respect to the holders of Senior Debt will be read into this Indenture against the Trustee. The Trustee will not be deemed to owe any fiduciary duty to the holders of Senior Debt, and will not be liable to any such holders if the Trustee pays over or distributes to or on behalf of Holders or the Company or any other Person money or assets to which any holders of Senior Debt are then entitled by virtue of this Article 10, except if such payment is made as a result of the willful misconduct or gross negligence of the Trustee.