Common use of Expiration and Termination Clause in Contracts

Expiration and Termination. The Agreement shall expire upon the occurrence of the first of the following events: (i) vesting Buyer Tokens in accordance with Article 3(a) or 3(aa), (ii) refunding the equivalent of 80% of the Purchase Amount to the Purchaser in accordance with Article 3(b), (iii) the expiry of the Time Limit if a Token Generation Event has not occurred by 24:00 that day.

Appears in 3 contracts

Samples: Simple Agreement for Future Tokens (Saft), Simple Agreement for Future Tokens (Saft), Simple Agreement for Future Tokens (Saft)

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Expiration and Termination. The Agreement shall expire upon the occurrence of the first of the following events: : (i) vesting Buyer Tokens in accordance with Article 3(a) or 3(aa), (ii) refunding the equivalent of 80% of the Purchase Amount to the Purchaser in accordance with Article 3(b), (iii) the expiry of the Time Limit if a Token Generation Event has not occurred by 24:00 that day.

Appears in 1 contract

Samples: Simple Agreement for Future Tokens (Saft)

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Expiration and Termination. The Agreement shall expire upon the occurrence of the first first of the following events: (i) vesting Buyer Tokens in accordance with Article 3(a) or 3(aa), (ii) refunding the equivalent of 80% of the Purchase Amount to the Purchaser in accordance with Article 3(b), (iii) the expiry of the Time Limit if a Token Generation Event has not occurred by 24:00 that day.

Appears in 1 contract

Samples: Simple Agreement for Future Tokens (Saft)

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