Common use of Possibility of Non-Issuance Clause in Contracts

Possibility of Non-Issuance. If, by the date of the Token Distribution Deadline, no Token Distribution Event has occurred and the Token Issuer determines in its sole discretion that a distribution of Tokens on that date would violate any applicable law (including U.S. state, U.S. federal, non-U.S. law, and any administrative rule or regulation promulgated thereunder), then the Token Issuer shall be under no obligation to issue or distribute any Tokens under this DDA.

Possibility of Non-Issuance. If, by the date of the Token Distribution Deadline, no Token Distribution Event has occurred and or the Token Issuer determines in its sole discretion that a distribution of Tokens on that date would violate any applicable law (including U.S. state, U.S. federal, non-U.S. law, and any administrative rule or regulation promulgated thereunder), then the Token Issuer shall be under no obligation to issue or distribute any Tokens under this DDA.