Effective Purchase Price definition
Examples of Effective Purchase Price in a sentence
The Company shall similarly issue to future Rolling SAFE Investors a number of Tokens determined by dividing the purchase amounts under their respective Rolling SAFEs by the Effective Purchase Price.
Accordingly, the Effective Purchase Price indicated to Investor on the Site as of the date the Investor initiates the Fiat Transfer (such price, the “Original Effective Purchase Price”) may materially differ from the Effective Purchase Price as of the date the Company confirms receipt of the Fiat Transfer (such date the “Fiat Transfer Confirmation Date”).
Investor hereby acknowledges this risk and consents to the Company automatically processing Investor’s purchase of the Tokens at the Effective Purchase Price in effect as of the Fiat Transfer Confirmation Date so long as the Effective Purchase Price in effect as of such Fiat Transfer Confirmation Date is within 5% of the Original Effective Purchase Price.
Such adjustment shall be made successively whenever any shares, rights, warrants, options, convertible or exercisable securities or stock appreciation rights are issued at an Effective Purchase Price per Share that is less than the Exchange Price per Share in effect on the date of such issuance.
The Company shall similarly issue to the other CAFE Investors a number of Tokens determined by dividing the purchase amounts under their respective CAFEs by the Effective Purchase Price.