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 72 contracts

Samples: Safe (Simple Agreement for Future Equity) (Lomond Therapeutics Holdings, Inc.), Safe (Simple Agreement for Future Equity) (Lomond Therapeutics Holdings, Inc.), Safe (Simple Agreement for Future Equity)

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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: Safe (Simple Agreement for Future Equity), Safe (Simple Agreement for Future Equity), Simple Agreement for Future Equity (Safe)

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 9 contracts

Samples: Safe (Simple Agreement for Future Equity) (IX Acquisition Corp.), Safe (Simple Agreement for Future Equity) (Aerkomm Inc.), Safe (Simple Agreement for Future Equity) (Nelson Daniel D)

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 (Safe) (Kovo LLC), Simple Agreement for Future Equity (Safe) (Copyright Wallet Inc.), Simple Agreement for Future Equity (Safe) (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: Safe (Simple Agreement for Future Equity) (Invizyne Technologies Inc), Safe (Simple Agreement for Future Equity) (Invizyne Technologies Inc), Safe (Simple Agreement for Future Equity) (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: Rolling Safe, Rolling Safe

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: Safe (Simple Agreement for Future Equity), Safe (Simple Agreement for Future Equity)

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: Safe (Backblaze, Inc.), Safe (Backblaze, Inc.)

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: Hybrid Securities Contract

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: Safe

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.

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

Appears in 1 contract

Samples: Simple Agreement for Future Equity (Safe)

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 Equity (Safe)

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: Simple Agreement for Future Equity (Safe)

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 Safe

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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(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: Safe (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(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: Safe (LanzaTech Global, 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(d3(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: Post Money Valuation Cap Simple Agreement for Future Equity

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 D issolution Event.

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

Appears in 1 contract

Samples: Safe (Simple Agreement for Future Equity)

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: Safe (Simple Agreement for Future Equity)

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: Safe (Simple Agreement for Future Equity)

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: Safe (Simple Agreement for Future Equity)

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: Safe (Simple Agreement for Future Equity)

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