Examples of SAFE Note in a sentence
The SAFE Notes were measured at fair value, with changes in fair value recorded within loss on SAFE Note revaluation within the Consolidated Statement of Operations and Comprehensive Loss.
Upon an event of liquidation or dissolution, SAFE Noteholders would receive cash payment based on the Adjusted Purchase Amount in satisfaction of the SAFE Note.
The provisions of the SAFE Note prevail over the terms of this Agreement.
At the Lender’s election, this Loan may be converted into a Convertible Promissory Note, Simple Agreement for Future Equity (SAFE Note), or similarly situated document that achieves Lender’s purposes and that shall include terms typical for transactions of such nature and scope as this Loan including (i) a 15% discount to subsequent qualified financings, (ii) warrant coverage as negotiated in good faith between the parties, (iii) and other reasonable representations and warranties and terms and conditions.
For that reason, it is crucial to consider how your actions might appear, and to avoid even the perception of a conflict of interest.
The SAFE Notes had an Adjusted Purchase Amount, calculated as the amount originally invested by the SAFE Note counterparty plus 5% per year, non- compounding.
Subject to these Conditions, the Company will recognise only the Subscriber whose name appears in the Register as the absolute owner of the SAFE Note in respect of which it is entered in the Register, and the Company may act accordingly.
The SAFE Notes had an Adjusted Purchase Amount, calculated as the amount originally invested by the SAFE Note counterparty plus 5% per year, non-compounding.
It is not mandatory to have one, with many issues about calling meetings, minutes and the like dealt with in the Local Government Act 1995 and its associated Regulations.
Ordinary Shares to be allotted on conversion of a SAFE Note will be shares with respect to which no provision is made (whether by the Constitution or otherwise) for changing or converting them into shares of another class, except for the purpose of enabling a consolidation and division of all or any of the share capital of the Company or the subdivision of all or any of the shares in the capital of the Company in accordance with the Corporations Act.