Token Generation Event definition

Token Generation Event or „TGE” means the creation of tokens by the Company and vesting them with the Purchaser in the amount and the time limit as set out in the Agreement.

Token Generation Event means the launch of the PhunCoin Ecosystem, which will only occur if the ecosystem is operational on a blockchain technology that enables it to comply with applicable laws.

Token Generation Event means the Company’s offer and sale of immediately deliverable Tokens to persons other than persons who control, are controlled by, or are under common control with the Company.

Examples of Token Generation Event in a sentence

• If there is a Token Generation Event prior to the expiration or termination of the Agreement, the Company will vest Tokens with the Purchaser in the amount equal to the Purchase Amount as per the terms set out in the Agreement.

• State of Residence: (If you are not a U.S. person, please list your country of residency) E-mail Address*: *If purchase is accepted, the Company will contact the above E-Mail address 5 to 15 days before the Token Generation Event, to obtain the public address of Purchaser's digital wallet.

• The Company will distribute the Purchased Tokens to the Purchaser as follows: (1) with respect to any Option 1 Purchased Tokens, on the date that is twelve (12) months after the date of the Token Generation Event; (2) with respect to any Option 2 Purchased Tokens, on the date that is six (6) months after the date of the Token Generation Event; (3) with respect to any Option 3 Purchased Tokens, on the date of the Token Generation Event.

• The Company reserves the right to delete the Account within 24 months after a Token Generation Event or in cases where there is a reasonable suspicion of money laundering or terrorism financing in relation to activities undertaken by the Purchaser to which the Purchaser concluding the Agreement consents.

• The Option 3 Purchased Tokens shall be released to the Purchaser on the date on which the Token Generation Event occurs.

More Definitions of Token Generation Event

Token Generation Event means the issuance by the Company of Tokens to the Purchaser and the holders of other SAFTS pursuant to the SAFTs.

Token Generation Event means, as determined by the Company in its sole and absolute discretion, the date upon which Tokens are generated and made available for distribution.

Token Generation Event means the event organized by the Company to sell ILK Tokens as set out in the White Paper (may be amended from time to time).

Token Generation Event means the Company’s offer and sale of immediately deliverable Tokens to persons other than persons who cintrol, are controlled by, or are under common control with the Company.

Token Generation Event means the Token Issuer’s offer and sale of immediately deliverable Tokens to persons other than persons who control, are controlled by, or are under common control with the Token Issuer.

Token Generation Event means the bona fide issuance of the Securities to Purchasers.

Token Generation Event means the delivery of Tokens within 30 days following the end of the Sale Period;