Common use of Dissolution Event Clause in Contracts

Dissolution Event. If there is a Dissolution Event before this instrument terminates in accordance with Sections 1(a) or 1(b), subject to the preferences applicable to any series of Preferred Stock, the Company will distribute its entire assets legally available for distribution with equal priority among the Investors, all holders of other Crowd Safes (on an as converted basis based on a valuation of Common Stock as determined in good faith by the Company’s board of directors at the time of Dissolution Event) and all holders of Common Stock.

Appears in 26 contracts

Samples: uploads.republic.com, uploads.republic.com, assets.disclosurequest.com

AutoNDA by SimpleDocs

Dissolution Event. If there is a Dissolution Event before the termination of this instrument terminates in accordance with Sections 1(a) or 1(b), subject to the preferences applicable to any series of Preferred StockSecurities, the Company will distribute its entire assets legally available for distribution with equal priority among the Investors, all holders of other Crowd Safes (on an as converted basis based on a valuation of Common Stock Securities as determined in good faith by the Company’s managers or board of directors at the time of Dissolution Event) and all holders of Common StockSecurities.

Appears in 4 contracts

Samples: uploads.republic.com, uploads.republic.com, uploads.republic.co

Dissolution Event. If there is a Dissolution Event before the termination of this instrument terminates in accordance with Sections 1(a) or 1(b)instrument, subject to the preferences applicable to any series of Preferred StockSecurities, the Company will distribute its entire assets legally available for distribution with equal priority among the InvestorsInvestor, all holders of other Crowd Safes (on an as converted basis based on a valuation of Common Stock Securities as determined in good faith by the Company’s managers or board of directors at the time of Dissolution Event) and all holders of Common StockSecurities.

Appears in 4 contracts

Samples: uploads.republic.com, uploads.republic.co, uploads.republic.co

Dissolution Event. If there is a Dissolution Event before this instrument terminates in accordance with Sections 1(a) or 1(b), subject to the preferences applicable to any series of Preferred Stock, the Company will distribute its entire assets legally available for distribution with equal priority among the Investors, all holders of other Crowd Safes (on an as converted basis based on a valuation of Common Stock as determined in good faith by the Company’s board of directors at the time of Dissolution Event) and all holders of Common Stock.

Appears in 3 contracts

Samples: uploads.republic.com, uploads.republic.co, wefunder.com

Dissolution Event. If there is a Dissolution Event before this instrument terminates in accordance with Sections Section 1(a) or 1(b), subject to the preferences applicable to any series of Preferred Stock, the Company will distribute its entire assets legally available for distribution with equal priority among the Investors, all holders of other Crowd Safes (on an as converted basis based on a valuation of Common Stock as determined in good faith by the Company’s board of directors at the time of Dissolution Event) and all holders of Common Stock.

Appears in 2 contracts

Samples: CNS Pharmaceuticals, Inc., uploads.republic.co

Dissolution Event. If there is a Dissolution Event before this instrument terminates in accordance with Sections 1(a) or 1(b), subject to the preferences applicable to any series of Preferred StockUnits, the Company will distribute its entire assets legally available for distribution pursuant to its then organic documents, with equal priority among all investors of the InvestorsCompany, all holders of other Crowd Safes (on an as converted basis based on a valuation of Common Stock as determined in good faith by the Company’s board of directors at the time of Dissolution Event) ), and all holders of Common Stockcommon Units.

Appears in 1 contract

Samples: uploads.republic.co

Dissolution Event. If there is a Dissolution Event before this instrument terminates in accordance with Sections 1(a) or 1(b), subject to the preferences applicable to any series of Preferred Stock, the Company will distribute its entire assets legally available for distribution as determined in good faith by the Company’s board of directors with equal priority among the Investors, all holders of other Crowd Safes (on an as converted basis based on a valuation of Class B Common Stock as determined in good faith by the Company’s board of directors at the time of Dissolution Event) and all holders of Common Stock.

Appears in 1 contract

Samples: uploads.republic.co

AutoNDA by SimpleDocs

Dissolution Event. If there is a Dissolution Event before this instrument terminates in accordance with Sections 1(a) or 1(b), subject to the preferences applicable to any series of Preferred Stock, the Company will distribute its entire assets legally available for distribution with equal priority among the Investors, all holders of other Crowd Safes (i) Investors (on an as converted basis based on a valuation of Common Stock as determined in good faith by the Company’s board of directors at the time of Dissolution Event), (ii) all other holders of instruments sharing in the assets of the Company at the same priority as holders of Common Stock upon a Dissolution Event and (iii) and all holders of Common Stock.

Appears in 1 contract

Samples: sec.report

Dissolution Event. If there is a Dissolution Event before this instrument terminates in accordance with Sections 1(a) or 1(b), subject to the preferences applicable to any series of Preferred Stock, the Company will distribute its entire assets legally available for distribution with equal priority among the Investors, all holders of other Crowd Safes (i) Prime Trust (on an as converted basis based on a valuation of Common Stock as determined in good faith by the Company’s board of directors at the time of Dissolution Event), (ii) all other holders of instruments sharing in the assets of the Company at the same priority as holders of Common Stock upon a Dissolution Event and (iii) all holders of Common Stock.

Appears in 1 contract

Samples: Subscription Agreement

Dissolution Event. If there is a Dissolution Event before this instrument terminates in accordance with Sections 1(a), 1(b) or 1(b), 1(c) subject to the preferences applicable to any series of Preferred Stock, the Company will distribute its entire assets legally available for distribution with equal priority among the Investors, all holders of other Crowd Safes (on an as converted basis based on a valuation of Common Stock as determined in good faith by the Company’s board of directors at the time of Dissolution Event) and all holders of Common Stock.

Appears in 1 contract

Samples: uploads.republic.co

Dissolution Event. If there is a Dissolution Event before this instrument expires or terminates in accordance with Sections Section 1(a) or 1(b), subject to the preferences applicable to any series of Preferred Stock, the Company will distribute its entire assets legally available for distribution with equal priority among the Investors, all holders of other Crowd Safes (on an as converted basis based on a valuation of Common Stock as determined in good faith by the Company’s board of directors at the time of Dissolution Event) and all holders of Common Stock.

Appears in 1 contract

Samples: uploads.republic.com

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!