Creation and Distribution of Tokens Sample Clauses

Creation and Distribution of Tokens. Following the results of the Token Sale, the Company will make a register containing the information on the number of Tokens paid by all Token purchasers during the Token Sale, and the number of the Bonus Tokens accrued in accordance with the terms and conditions hereof. The information specified in Clause 6.1 hereof will be downloaded to the Token smart contract, which will then create the Tokens and distribute them among all interested parties. The Company anticipates that distribution of the Tokens from the Token smart contract to the Token purchasers will occur within 6 calendar weeks from the Sale Expiration Date. The total number of Tokens which will be created by the Token Smart Contract amounts to 900,000,000 Tokens and shall be equal to the sum of the following: 45 % of total number of Tokens which shall be made available for purchase by all Buyers in accordance with the terms and conditions hereof. 15 % of the total number of Tokens shall be distributed towards the management team of the Company and the Company Affiliates. 30 % of the total number of Tokens shall be distributed towards marketing and community development initiatives and bounty programs. 10% % of the total number of Tokens shall be kept within a reserve fund managed by the Company ("Reserved Tokens"). The Tokens specified in Clause 6.4(i) hereof in the number due to each Buyer or the third party (if any), will be distributed by the Token smart contract to the address of respective person's wallet. The Reserved Tokens in full will be distributed by the Token smart contract to the Company. The Company anticipates to use the Reserved Tokens, at its sole discretion, for the purposes indicated in the Whitepaper. All Tokens will be of equal value and functionality. The Token is deployed by the Company from British Virgin Islands and is programmed so that all transactions it executes will be executed in British Virgin Islands. As such, title to, and risk of loss of, the Tokens delivered by the Token smart contract passes from the Company to purchasers in British Virgin Islands. The Company reserves a right to an emergency to stop the process of distribution of the Tokens in limited situations, such as, but not limited to: serious security issues detected; serious network performance issue, depriving all users of equal treatment; and any type of material attack on the Tokens, the Website or Ethereum network.
Sample 1
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Creation and Distribution of Tokens. 7.1. Distribution of the Tokens from the Token Smart Contracts to the Acquiror shall take place: 1.1.1. within 48 hours after Smart Contracts Launch Date in case the Disbursement Date is before Smart Contracts Launch Date; 1.1.2. within 48 hours after Disbursement Date in case the consideration is made after Smart Contracts Launch Date. 7.2. Distribution of the Bonus Tokens from the Token Smart Contracts to the Acquirors shall occur simultaneously with the distribution of the exchanged Tokens. 7.3. The Tokens will be distributed by the Token Smart Contracts to the address of respective Acquiror's Ethereum ERC20 Wallet, or other reasonable means solely decided by the Company. 7.4. The Retained Tokens will be distributed by the Token Smart Contracts to the Company simultaneously with the distribution of Tokens exchanged by the Acquirors.
Sample 1
Creation and Distribution of Tokens. 6.1. Following the results of the Token Sale, Company will make a register containing the information on the number of Tokens paid by all Token purchasers during the Token Sale, and the number of the Bonus Tokens accrued in accordance with the terms and conditions hereof. 6.2. The information specified in Article 6.1 hereof will be downloaded to the Token Smart Contract, which will then create the Tokens and distribute them among all interested parties. 6.3. Company anticipates that distribution of the Tokens from the Token Smart Contract to Token purchasers will occur within 7 days from the Sale Expiration Date. 6.4. The total number of Tokens which will be created by the Token Smart Contract shall be equal to the sum of the following: 50% of total number of Tokens which shall amount to the total number of the Tokens paid by all Buyers in accordance with the terms and conditions hereof and the total number of the Bonus Tokens accrued to all interested parties in accordance with the terms and conditions hereof. The aggregate number of such paid Tokens and Bonus Tokens, in any case, shall not exceed 250,000,000 Tokens. SPEED SHOPPER | Token Sale Agreement | P a g e 31 6.5. The Tokens specified in Article 6.4 hereof in the number due to each Buyer or the third party (if any), will be distributed by the Token Smart Contract to the address of respective person's Ethereum ERC20 Wallet. 6.6. The Retained Tokens in full will be distributed by the Token Smart Contract to Company. Company anticipates to use the Retained Tokens, at its sole discretion, for the purposes indicated in the White Paper. 6.7. All Tokens will be of equal value and functionality.
Sample 1
Creation and Distribution of Tokens. 7.1. Following the results of the Token Presale and the Token Sale, Company will make a register containing the information on the number of Tokens paid by all Token purchasers during the Token Presale and the Token Sale, and the number of the Bonus Tokens accrued in accordance with the terms and conditions hereof. 7.2. The information specified in Article 7.1 will be downloaded to the Token Smart Contract, which will then create the Tokens and distribute them among all interested parties. 7.3. Company anticipates that distribution of the Tokens from the Token Smart Contract to Token purchasers will occur on November 7, 2017, 12:00 PM PDT (or sooner, at Company's sole discretion), but reserves the right to delay distribution up to four weeks after the termination of the Token Sale period. 7.4. The total number of Tokens which will be created by the Token Smart Contract shall be equal to the sum of the following: 7.4.1. the total number of the Tokens paid by all Buyers in accordance with the terms and conditions hereof and the total number of the Bonus Tokens accrued to all interested parties in accordance with the terms and conditions hereof. The aggregate number of such paid Tokens and Bonus Tokens, in any case, shall not exceed 99 000 000 Tokens; and 7.4.2. the total number of the additional Tokens distributed to Company ("Retained Tokens") which will be created in a number of 40 Tokens for every 60 Tokens specified in Article 7.4.1 hereof. The aggregate number of such Retained Tokens, in any case, shall not exceed 66 000 000 Tokens. For the avoidance of doubt, the maximum number of Tokens that may be created following the results of the Token Presale and the Token Sale is 165 000 000 Tokens. However, if, subject to due calculations performed in accordance with provisions of this Article 7.4, the Company initiates the creation of less Tokens, afterwards, it will not initiate the creation of the balance of Tokens to reach the said maximum number. 7.5. The Tokens specified in Article 7.4.1 hereof in the number due to each Buyer or the third party (if any), will be distributed by the Token Smart Contract to the address of respective person's Ethereum ERC20 Wallet. 7.6. The Retained Tokens in full will be distributed by the Token Smart Contract to Company. Company anticipates to use the Retained Tokens, at its sole discretion, for the following purposes:
Sample 1
Creation and Distribution of Tokens. 6.1 Following the results of the Token Sale, the Company will make a register containing the information on the number of Tokens paid by all Token purchasers during the Token Sale, and the number of the Bonus Tokens accrued in accordance with the terms and conditions hereof. 6.2 The information specified in Clause 6.1 hereof will be downloaded to the Token smart contract, which will then create the Tokens and distribute them among all interested parties. 6.3 The Company anticipates that distribution of the Tokens from the Token smart contract to the Token purchasers will occur within 6 calendar weeks from the Sale Expiration Date. 6.4 The total number of Tokens which will be created by the Token Smart Contract amounts to 900,000,000 Tokens and shall be equal to the sum of the following: (i) 45 % of total number of Tokens which shall be made available for purchase by all Buyers in accordance with the terms and conditions hereof. (ii) 15 % of the total number of Tokens shall be distributed towards the management team of the Company and the Company Affiliates. (iii) 30 % of the total number of Tokens shall be distributed towards marketing and community development initiatives and bounty programs. (iv) 10% % of the total number of Tokens shall be kept within a reserve fund managed by the Company ("Reserved Tokens"). 6.5 The Tokens specified in Clause 6.4(i) hereof in the number due to each Buyer or the third party (if any), will be distributed by the Token smart contract to the address of respective person's wallet. 6.6 The Reserved Tokens in full will be distributed by the Token smart contract to the Company. The Company anticipates to use the Reserved Tokens, at its sole discretion, for the purposes indicated in the Whitepaper. 6.7 All Tokens will be of equal value and functionality.
Sample 1

Related to Creation and Distribution of Tokens

  • Printing and Distribution of Agreement The Medical Center and the Association shall equally share expenses for the printing of an adequate supply of copies of this Agreement. The Medical Center will make available a suitable number of copies of the Agreement on each nursing unit following the Association’s delivery of the printed copies to the Medical Center.

  • LIQUIDATION AND DISTRIBUTION On or as soon after the Closing Date as is conveniently practicable: (a) the Acquired Fund will distribute in complete liquidation of the Acquired Fund, pro rata to its shareholders of record, determined as of the close of business on the Closing Date (the "Acquired Fund Shareholders"), all of the Acquiring Fund Shares received by the Acquired Fund pursuant to paragraph 1.1; and (b) the Acquired Fund will thereupon proceed to dissolve and terminate as set forth in paragraph 1.8 below. Such distribution will be accomplished by the transfer of Acquiring Fund Shares credited to the account of the Acquired Fund on the books of the Acquiring Fund to open accounts on the share records of the Acquiring Fund in the name of the Acquired Fund Shareholders, and representing the respective pro rata number of Acquiring Fund Shares due such shareholders. All issued and outstanding shares of the Acquired Fund (the "Acquired Fund Shares") will simultaneously be canceled on the books of the Acquired Fund. The Acquiring Fund shall not issue certificates representing Acquiring Fund Shares in connection with such transfer. After the Closing Date, the Acquired Fund shall not conduct any business except in connection with its termination.

  • Printing and Distribution The School District will, at its own expense, print sufficient copies of this Agreement for present and new employees.

  • Notification and Distribution of Materials The Company shall notify the Holders in writing of the effectiveness of the Resale Shelf Registration Statement as soon as practicable, and in any event within one (1) Business Day after the Resale Shelf Registration Statement becomes effective, and shall furnish to them, without charge, such number of copies of the Resale Shelf Registration Statement (including any amendments, supplements and exhibits), the Prospectus contained therein (including each preliminary prospectus and all related amendments and supplements) and any documents incorporated by reference in the Resale Shelf Registration Statement or such other documents as the Holders may reasonably request in order to facilitate the sale of the Registrable Securities in the manner described in the Resale Shelf Registration Statement.

  • Liquidation and Distribution of Assets Upon the dissolution of the Company, the Member, or court-appointed trustee, if there is no remaining Member, shall take full account of the Company’s liabilities and assets, and such assets shall be liquidated as promptly as is consistent with obtaining the fair value thereof. During the period of liquidation, the business and affairs of the Company shall continue to be governed by the provisions of this Agreement, with the management of the Company continuing as provided in Section 5 hereof. The proceeds from liquidation of the Company’s property, to the extent sufficient therefore, shall be applied and distributed in the following order: (i) To the payment and discharge of all of the Company’s debts and liabilities, including those to the Member as a creditor, to the extent permitted by law, and the establishment of any necessary reserves; (ii) To the Member in satisfaction of any Member Loans which have not been satisfied pursuant to Section 7.2(b)(i); and (iii) To the Member in accordance with Section 3.

  • Deemed Contribution and Distribution Notwithstanding any other provision of this Article 13, in the event that the Partnership is liquidated within the meaning of Regulations Section 1.704-1(b)(2)(ii)(g), but no Liquidating Event has occurred, the Partnership’s Property shall not be liquidated, the Partnership’s liabilities shall not be paid or discharged and the Partnership’s affairs shall not be wound up. Instead, for federal income tax purposes the Partnership shall be deemed to have contributed all of its assets and liabilities to a new partnership in exchange for an interest in the new partnership; and immediately thereafter, distributed Partnership Units to the Partners in the new partnership in accordance with their respective Capital Accounts in liquidation of the Partnership, and the new partnership is deemed to continue the business of the Partnership. Nothing in this Section 13.3 shall be deemed to have constituted a Transfer to an Assignee as a Substituted Limited Partner without compliance with the provisions of Section 11.4 or Section 13.3 hereof.

  • Voting and Distributions So long as no Event of Default shall have occurred and be continuing, (i) each Grantor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Securities Collateral or any part thereof for any purpose not prohibited by the terms of this Agreement or the Credit Agreement; provided, no Grantor shall exercise or refrain from exercising any such right if Secured Party shall have notified such Grantor that, in Secured Party’s judgment, such action would have a material adverse effect on the value of the Securities Collateral or any part thereof; and (ii) each Grantor shall be entitled to receive and retain any and all dividends, other distributions, principal and interest paid in respect of the Securities Collateral. Upon the occurrence and during the continuation of an Event of Default, (x) upon written notice from Secured Party to any Grantor, all rights of such Grantor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant hereto shall cease, and all such rights shall thereupon become vested in Secured Party who shall thereupon have the sole right to exercise such voting and other consensual rights; (y) except as otherwise specified in the Credit Agreement, upon written notice from Secured Party to any Grantor of any exercise of remedies under Section 8.2 of the Credit Agreement, all rights of such Grantor to receive the dividends, other distributions, principal and interest payments which it would otherwise be authorized to receive and retain pursuant hereto shall cease, and all such rights shall thereupon become vested in Secured Party who shall thereupon have the sole right to receive and hold as Collateral such dividends, other distributions, principal and interest payments; and (z) all dividends, principal, interest payments and other distributions which are received by such Grantor contrary to the provisions of clause (y) above shall be received in trust for the benefit of Secured Party, shall be segregated from other funds of such Grantor and shall forthwith be paid over to Secured Party as Collateral in the same form as so received (with any necessary endorsements). In order to permit Secured Party to exercise the voting and other consensual rights which it may be entitled to exercise pursuant hereto and to receive all dividends and other distributions which it may be entitled to receive hereunder, (I) each Grantor shall promptly execute and deliver (or cause to be executed and delivered) to Secured Party all such proxies, dividend payment orders and other instruments as Secured Party may from time to time reasonably request, and (II) without limiting the effect of clause (I) above, each Grantor hereby grants to Secured Party an irrevocable proxy to vote the Pledged Equity and to exercise all other rights, powers, privileges and remedies to which a holder of the Pledged Equity would be entitled (including giving or withholding written consents of holders of Equity Interests, calling special meetings of holders of Equity Interests and voting at such meetings), which proxy shall be effective, automatically and without the necessity of any action (including any transfer of any Pledged Equity on the record books of the issuer thereof) by any other Person (including the issuer of the Pledged Equity or any officer or agent thereof), upon the occurrence of an Event of Default and which proxy shall only terminate upon the payment in full of the Secured Obligations, the cure of such Event of Default or waiver thereof as evidenced by a writing executed by Secured Party.

  • Sales and Distribution It is understood that as between the Parties, the Commercializing Party shall be solely responsible for handling all returns, order processing, invoicing and collection, distribution, and receivables for Licensed Products in the applicable territory and indication.

  • Allocations and Distributions The LLC's profits and losses shall be allocated to the Member. At the time determined by a majority of the Managers, the Managers may cause the LLC to distribute to the Member any cash held by it which is neither reasonably necessary for the operation of the LLC nor the performance of its contractual obligations, nor which is in violation of Sections 18-607 or 18-804 of the Act or any contractual agreement binding on the LLC.

  • Liquidation and Dissolution If the Company is liquidated, the assets of the Company shall be distributed to the Member or to a Successor or Successors.

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