Token Distribution Event definition
Token Distribution Event means the date on which the Token Issuer will provide Tokens to the Purchaser under this Agreement. The timing of the Token Distribution Event will be determined at the sole discretion of the Token Issuer; provided, however, that if the Tokens are not delivered by the date of the expiration of the Distribution Compliance Period, the Token Distribution Event shall be no later than 10 days after the expiration of the Distribution Compliance Period (the “Token Distribution Deadline”), subject to Section 2(b). The Token Issuer will provide 21 days’ notice prior to the Token Distribution Event.
Token Distribution Event means the Token Issuer’s delivery of Tokens to persons other than persons who control, are controlled by, or are under common control with the Token Issuer.
Token Distribution Event means the initial transfer of 2KEY tokens by the Company, following the date hereof, to purchasers of 2KEY tokens who have paid for such 2KEY Tokens in the form of, including but not limited to, other types of Blockchain Tokens, such as ETH and BTC, or another cryptocurrency, cash or a combination thereof. Notwithstanding the foregoing: (a) any other future tokens agreements, pre-commitments and pre-sales of Company Tokens and (b) a transfer of Company Tokens for no consideration or in consideration for work or services provided to the Company or the Token Entity or any affiliate, in each case, shall not be considered a Token Distribution Event.
Examples of Token Distribution Event in a sentence
For the avoidance of doubt, if there is no Token Distribution Event, this provision also terminates at the termination of the DDA.
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.
The unlocking commencement date of the Tokens will be the date of the Token Distribution Event.
The unlocking schedule for the Tokens will be that 1/24th of the Tokens will unlock upon the Token Distribution Event, and an additional 1/24th of the Tokens will unlock upon the completion of each 4,320 additional blockchain blocks on the Blockstack Network after the Token Distribution Event.
The Token Issuer will provide the Purchaser notice at least 21 calendar days prior to the Token Distribution Event and the Purchaser will have 14 calendar days to provide the Token Issuer with its Token digital wallet address.
More Definitions of Token Distribution Event
Token Distribution Event means the date that is the later of (i) the date that is a year and one day after the date of this DDA and (ii) the date that is eighteen months after May 13, 2019.
Token Distribution Event means the date on which the Token Issuer will provide Tokens to the Purchaser under this Agreement. The timing of the Token Distribution Event will be determined at the sole discretion of the Token Issuer; provided, however, that if the Tokens are not delivered by the date of the expiration of the Distribution Compliance Period, the Token Distribution Event shall be no later than 10 days after the expiration of the Distribution Compliance Period (the “Token Distribution Deadline”), subject to Section 2(b). The Token Issuer will provide 21 days’ notice prior to the Token Distribution Event. “Token Issuer” shall have the meaning given to it in the opening paragraph of this document. “Tokens” shall have the meaning provided in the opening paragraph of this document. For the avoidance of doubt, the meaning shall be inclusive of the singular form, “Token.” “Use Restriction” means the general prohibition on the Purchaser’s ability to sell, transfer, spend, exchange or otherwise make use of the Tokens on the Blockstack Network. 2
Token Distribution Event means the time at which the Company or an Affiliate makes Tokens available to participants in the Company’s previous SAFT, or other analogous token-presale instrument, offerings before a Public Token Offering.
Token Distribution Event conclusion of the Token Distribution.
Token Distribution Event means a bona fide transaction or series of transactions, including the successful conclusion of the Auction, pursuant to which, after the occurrence of the Network Launch, the Company distributes Tokens to the Purchasers of Token Purchase Agreements, including this Agreement.
Token Distribution Event means an initial Blockchain Token offering by the Company, for public acquisition in exchange for consideration, including but not limited to, other types of Blockchain Tokens, such as Ether (ETH) and BTC, or another cryptocurrency, cash or a combination thereof following the date hereof, excluding any pre-sales relating to such offering. Notwithstanding the foregoing, a transfer of Blockchain Tokens for no consideration or in consideration for work or services provided to the Company, in each case, shall not be considered a Token Distribution Event.
Token Distribution Event means the public sale of cryptographic tokens in the GlitzKoin Project as seen as necessary for its running, or a private offering with equivalent purpose and different scope.