{"id":42400,"date":"2022-06-15T09:27:40","date_gmt":"2022-06-15T07:27:40","guid":{"rendered":"https:\/\/www.e2.law\/?post_type=clauses&p=42400"},"modified":"2022-06-15T09:33:12","modified_gmt":"2022-06-15T07:33:12","slug":"pay-to-play","status":"publish","type":"clauses","link":"https:\/\/www.e2.law\/fr\/clauses\/pay-to-play\/","title":{"rendered":"Pay-to-play"},"content":{"rendered":"

La Clause”Pay to Play” impose \u00e0 l’investisseur existant de participer \u00e0 un round d’investissement ult\u00e9rieur, en particulier un Down Round. Lorsqu’une telle clause existe, le fait pour un investisseur de ne pas investir un montant proportionnel au pourcentage d’actions qu’il d\u00e9teint d\u00e9j\u00e0 dans la soci\u00e9t\u00e9 lors d’un tour d’investissement ult\u00e9rieur entra\u00eenera la conversion de ses actions privil\u00e9gi\u00e9es en actions ordinaires ou en une autre s\u00e9rie d’actions privil\u00e9gi\u00e9es de moindre valeur.<\/p>\n

Cette clause va g\u00e9n\u00e9ralement de pair avec la clause prot\u00e9geant l’investisseur contre la dilution en\u00a0 cas de de Down Round.<\/p>\n","protected":false},"featured_media":0,"template":"","categories":[141],"tags":[],"class_list":["post-42400","clauses","type-clauses","status-publish","hentry","category-non-classifiee"],"acf":[],"yoast_head":"\nPay-to-play - e2.law<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.e2.law\/fr\/clauses\/pay-to-play\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pay-to-play - e2.law\" \/>\n<meta property=\"og:description\" content=\"La Clause”Pay to Play” impose \u00e0 l’investisseur existant de participer \u00e0 un round d’investissement ult\u00e9rieur, en particulier un Down Round. 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