Common use of Dissolution Event Clause in Contracts

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.

Appears in 71 contracts

Samples: (Simple Agreement (Evogene Ltd.), Security Services Subscription Agreement, Simple Agreement

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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.

Appears in 27 contracts

Samples: Simple Agreement, Simple Agreement, Rata Agreement

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(d1(e) 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.

Appears in 7 contracts

Samples: Nelson Daniel D, Aerkomm Inc., IX Acquisition Corp.

Dissolution Event. If there is a Dissolution Event before the termination of this SafeSAFE, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) section 1.4 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.

Appears in 4 contracts

Samples: Simple Agreement for Future Equity (Kovo LLC), Simple Agreement for Future Equity (Copyright Wallet Inc.), Simple Agreement for Future Equity (Kovo LLC)

Dissolution Event. If there is a Dissolution Event before the termination of this SafeSAFE, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of the Proceeds equal to the Cash-Out Purchase Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 3 contracts

Samples: Invizyne Technologies Inc, Invizyne Technologies Inc, Invizyne Technologies Inc

Dissolution Event. If there is a Dissolution Event before the termination of this SafeRolling 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 greater of (i) the Purchase Amount and (ii) the Conversion Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 2 contracts

Samples: Continuous Agreement, Continuous Agreement

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 proceeds equal to the Cash-Out Purchase Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 2 contracts

Samples: www.grow-ny.com, www.grow-ny.com

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) below3(b)) 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.

Appears in 2 contracts

Samples: Backblaze, Inc., Backblaze, Inc.

Dissolution Event. If there is a Dissolution Event before the termination of this SafeSAFE, 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.

Appears in 1 contract

Samples: f.hubspotusercontent40.net

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(d1(f) 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.

Appears in 1 contract

Samples: Pandion Therapeutics Holdco LLC

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.. DM3\5647300.1

Appears in 1 contract

Samples: static1.squarespace.com

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-Cash Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 1 contract

Samples: f01.justanswer.com

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, Amount due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 1 contract

Samples: www.bigidea.pitt.edu

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.

Appears in 1 contract

Samples: chainraise.io

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Dissolution Event. If there is a Dissolution Event before the termination of this SafeAgreement, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) 1.4 below) to receive a portion of Proceeds equal to the Cash-Out Loan Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.. 1.3

Appears in 1 contract

Samples: Loan Agreement

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 45% Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 1 contract

Samples: hellenium.com

Dissolution Event. If there is a Dissolution Event before the termination of this SafeRolling 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 Conversion Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 1 contract

Samples: Rolling Simple Agreement

Dissolution Event. If there is a Dissolution Event before the termination of this SafeSAFE, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d1(e) below) to receive a portion of Proceeds equal to the Cash-Out Cash‐Out Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 1 contract

Samples: s3.amazonaws.com

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) belowbelow and any Regulatory Approval or required notices, as applicable) 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.

Appears in 1 contract

Samples: sec.report

Dissolution Event. If there is a Dissolution Event before the termination end of this Safe, the Investor will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) belowLiquidation Priority) to receive a portion of Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to before the consummation completion of the Dissolution Event.

Appears in 1 contract

Samples: Simple Agreement for Future

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 Purchase Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.. In a Dissolution Event, this Safe is intended to operate like standard non-participating Ordinary Shares. The Investor’s right to receive its Purchase Amount is:

Appears in 1 contract

Samples: BG Farming Technologies Ltd.

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(d2(e) below) to receive a portion of Proceeds equal to the Cash-Out Purchase Amount, due and payable to the Investor immediately prior to the consummation of the Dissolution Event.

Appears in 1 contract

Samples: LanzaTech Global, Inc.

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