Possibility of Non-Issuance. If, by the date of the Token Distribution Deadline, no Token Distribution Event has occurred 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.
Appears in 2 contracts
Samples: Purchase Agreement (Blockstack Inc.), Purchase Agreement (Blockstack Token LLC)
Possibility of Non-Issuance. If, by the date of the Token Distribution Deadline, no Token Distribution Event has occurred or 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.
Appears in 2 contracts
Samples: Safe (Simple Agreement for Future Equity) (Blockstack Inc.), Safe (Simple Agreement for Future Equity) (Blockstack Token LLC)
