Common use of Risk of an Unfavorable Fluctuation of Ether and Other Currency Value Clause in Contracts

Risk of an Unfavorable Fluctuation of Ether and Other Currency Value. The Company team intends to use the proceeds from selling Tokens to fund the maintenance and development of the Network, as described further in the Terms of Sale. The proceeds of the Token sale will be denominated in Ether or Bitcoin, and converted into other cryptographic and fiat currencies. In addition, some pre-sales of the Tokens may also be denominated in fiat currencies. If the value of Ether or other currencies fluctuates unfavorably during or after the Sale Period, the Company team may not be able to fund development, or may not be able to develop or maintain the Network in the manner that it intended.

Appears in 2 contracts

Samples: Purchase Agreement, Purchase Agreement

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Risk of an Unfavorable Fluctuation of Ether and Other Currency Value. The Company team intends to use the proceeds from selling Tokens to fund the maintenance and development of the Network, as described further in the Terms of Sale. Annexure B. The proceeds of the Token sale will be denominated in Ether or BitcoinEther, and converted into other cryptographic and fiat currencies. In addition, some pre-sales of the Tokens may also be denominated in fiat currencies. If the value of Ether or other currencies fluctuates unfavorably during or after the Sale Period, the Company team may not be able to fund development, or may not be able to develop or maintain the Network in the manner that it intended.

Appears in 2 contracts

Samples: Spectre Token Presale, Spectre Token Presale

Risk of an Unfavorable Fluctuation of Ether and Other Currency Value. The Company team intends to use the proceeds from selling Tokens to fund the maintenance and development of the Network, as described further in the Terms of Sale. Annexure B. The proceeds of the Token sale will be denominated in Ether or BitcoinEther, and converted into other cryptographic and fiat currencies. In addition, some pre-sales of the Tokens may also be denominated in fiat currencies. If the value of Ether or other currencies fluctuates unfavorably during or after the Sale Period, the Company team may not be able to fund development, or may not be able to develop or maintain the Network in the manner that it intended.

Appears in 1 contract

Samples: Token Sale Agreement

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Risk of an Unfavorable Fluctuation of Ether and Other Currency Value. The Company team intends to use the proceeds from selling Tokens to fund the maintenance and development of the Network, as described further in the Terms of SalePlatform. The proceeds of the Token sale of Tokens will be denominated in Ether or BitcoinEther, and may, at our discretion, be converted into other cryptographic and fiat currencies. In addition, some pre-sales of the Tokens may also be denominated in fiat currencies. If the value of Ether or other currencies fluctuates unfavorably during or after the Early Adopters Sale Period, the Company team may not be able to fund development, or may not be able to develop or maintain the Network Platform in the manner that it intended.

Appears in 1 contract

Samples: Token Sale Agreement

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