Purchased Tokens Sample Clauses

Purchased Tokens. Subject to compliance with applicable laws, Voyager and HTC shall have the right to sell the Purchased Tokens, provided that during the 24 months following the date hereof (for the purposes of this Section 5.8, the “Time Period”), (i) the Voyager Parties shall not sell in a single month more than the greater of (x) three million Purchased Tokens, and (y) a number of Purchased Tokens having a market value at time of purchase of US$1,250,000, unless each of the Ethos Parties provides his or her express consent; and (ii) the Voyager Parties shall use best efforts to undertake any such sale of Purchased Tokens in a reasonably orderly manner so as to attempt to avoid materially impacting the market value of the Tokens. In the event Voyager sells or otherwise disposes of Purchased Tokens at any time or from time to time during the Time Period for proceeds that exceed US$1.00 per Token, Voyager shall pay to the Vendor (subject to Section 1.5) an amount equal to twenty five percent (25%) of the amount by which the proceeds of any such sale or disposition exceed US$1.00 per Token. Such amount shall be paid to the Vendor within ten days following any such sale or disposition and shall be treated as an increase in the Share Purchase Price. The Voyager Parties agree that any Token Transfer will be compliant with applicable laws, including, but not limited to, securities laws.
Sample 1
AutoNDA by SimpleDocs
Purchased Tokens. Subject to compliance with applicable laws, Voyager and HTC shall have the right to sell the Purchased Tokens, provided that during the 24 months following the date hereof (for the purposes of this Section 5.8, the “Time Period”), (i) the Voyager Parties shall not sell in a single month more than the greater of (x) [Redacted - Commercially Sensitive Informa- tion] Purchased Tokens, and (y) a number of Purchased Tokens having a market value at time of purchase of US$[Redacted - Commercially Sensitive Information], unless each of the Ethos Parties provides his or her express consent; and (ii) the Voyager Parties shall use best efforts to undertake any such sale of Purchased Tokens in a reasonably orderly manner so as to attempt to avoid materially impacting the market value of the Tokens. In the event Voyager sells or oth- erwise disposes of Purchased Tokens at any time or from time to time during the Time Period for proceeds that exceed US$[Redacted - Commercially Sensitive Information] per Token, Voy- ager shall pay to the Vendor (subject to Section 1.5) an amount equal to [Redacted - Commer- cially Sensitive Information] of the amount by which the proceeds of any such sale or disposition exceed US$[Redacted - Commercially Sensitive Information] per Token. Such amount shall be paid to the Vendor within ten days following any such sale or disposition and shall be treated as an increase in the Share Purchase Price. The Voyager Parties agree that any Token Transfer will be compliant with applicable laws, including, but not limited to, securities laws.
Sample 1
Purchased Tokens. Tokens acquired by the Purchaser;
Sample 1

Related to Purchased Tokens

  • Purchased Assets Subject to the terms and conditions of this Agreement, at the Closing, each Seller shall sell, convey, assign, transfer and deliver to the Buyer, and the Buyer shall purchase, free and clear of all Encumbrances, all right, title and interest of such Seller in and to the following Assets (collectively, the “Purchased Assets”):

  • Purchased Equipment Any equipment purchased under this contract remains the property of the Contractor for the period this contract and future continuing contracts for the provision of the same services. Contractor must submit vendor invoice with reimbursement request. For the purpose of this contract, equipment is defined as any tangible, durable property having a useful life of at least (1) year and acquisition cost of $1000.00 or more. The contractor has the responsibility to submit to the Contract Monitor an inventory list of LDH equipment items when acquired under the contract and any additions to the listing as they occur. Contractor will submit an updated, complete inventory list on a quarterly basis to the Contract Monitor. Contractor agrees that upon termination of contracted services, the equipment purchased under this contract reverts to the Department. Contractor agrees to deliver any such equipment to the Department within 30 days of termination of services.

  • Title to Purchased Assets Seller has good and valid title to, or a valid leasehold interest in, all of the Purchased Assets. All such Purchased Assets (including leasehold interests) are free and clear of Encumbrances except for the following (collectively referred to as “Permitted Encumbrances”):

  • SALE OF BUYER’S PROPERTY Performance under this Agreement: (check one) ☐ - Shall not be contingent upon the Buyer selling another property. ☐ - Shall be contingent upon the Buyer selling another property with a mailing address of , City of , State of , within calendar days from the Effective Date.

  • Assets Not Purchased by Assuming Institution The Assuming Institution does not purchase, acquire or assume, or (except as otherwise expressly provided in this Agreement) obtain an option to purchase, acquire or assume under this Agreement:

  • Assets Purchased by Assuming Institution With the exception of certain assets expressly excluded in Sections 3.5 and 3.6, the Assuming Institution hereby purchases from the Receiver, and the Receiver hereby sells, assigns, transfers, conveys, and delivers to the Assuming Institution, all right, title, and interest of the Receiver in and to all of the assets (real, personal and mixed, wherever located and however acquired) including all subsidiaries, joint ventures, partnerships, and any and all other business combinations or arrangements, whether active, inactive, dissolved or terminated, of the Failed Bank whether or not reflected on the books of the Failed Bank as of Bank Closing. Assets are purchased hereunder by the Assuming Institution subject to all liabilities for indebtedness collateralized by Liens affecting such Assets to the extent provided in Section 2.1.

  • Purchased Services During the term of this Collective Agreement, no regular employee will be declared surplus in his/her position as a result of the use of purchased services to perform the work normally performed by that employee.

  • PARTICIPATION IN CENTRALIZED CONTRACTS a. Agencies All State Agencies may utilize and purchase under any Centralized Contract let by the Commissioner, unless the Bid Documents limit purchases to specific State Agencies.

  • PURCHASER’S PROPERTY 6.1. Materials such as components, machinery, tools, models, moulds, jigs and fixtures, accessories or others which may bemade available to the Supplier by the Purchaser for the purposes of the Contract shall be under the Supplier's responsibility; the Supplier shall take out insurance against any damage that they might suffer and shall clearly mark them and record them as being the property of the Purchaser.

  • Seller For each Mortgage Loan, the seller of such Mortgage Loan pursuant to the Mortgage Loan Purchase Agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.