Liquidity Event. If there is a Liquidity Event before the termination of this Safe, the Investor will automatically be entitled to receive a portion of Liquidity Proceeds equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of the Liquidity Event.
Appears in 6 contracts
Samples: Safe (Simple Agreement for Future Equity) (FlexEnergy Green Solutions, Inc.), Safe (Simple Agreement for Future Equity) (FlexEnergy Green Solutions, Inc.), Safe (Simple Agreement for Future Equity) (FlexEnergy Green Solutions, Inc.)
Liquidity Event. If there is a Liquidity Event before the termination of this SafeSAFE, the Investor this SAFE will automatically be entitled (subject to the liquidation priority set forth in Section 1(d) below) to receive a portion of Liquidity Proceeds equal to the Cash-Out AmountProceeds, due and payable to the Investor immediately prior to to, or concurrent with, the consummation of the such Liquidity Event, equal to the Purchase Amount.
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)
Liquidity Event. If there is a Liquidity Event before the termination of this Safe, the Investor will automatically be entitled receive, immediately prior to receive or concurrent with the consummation of such Liquidity Event, a portion number of Liquidity Proceeds shares of Common Stock equal to the Cash-Out Amount, due and payable to the Investor immediately prior to the consummation of Purchase Amount divided by the Liquidity EventPrice (the “Liquidity Event Shares”).
Appears in 2 contracts
Samples: Safe (Simple Agreement for Future Equity) (Rentberry Inc.), Safe (Simple Agreement for Future Equity) (Rentberry Inc.)
