District of Columbia Registration Rights Agreement regarding the purchase of convertible subordinated debentures

• Category: Corporations - Public - Rights
• State: Multi-State
• Control #: US-EG-9287
• Format: Word; Rich Text

Description

Resale Registration Rights Agreement between Inhale Therapeutic Systems, Inc., Lehman Brothers, Inc., Deutsche Bank Securities, Inc. and U.S. Bankcorp Piper Jeffay, Inc. regarding the purchase of 6 3/4% convertible subordinated debentures dated October The District of Columbia Registration Rights Agreement is a legal document that pertains to the purchase of convertible subordinated debentures within the District of Columbia. This agreement outlines the rights and obligations of both the issuer of the debentures and the purchasers regarding the registration of these securities with the appropriate regulatory bodies. Convertible subordinated debentures are a type of debt instrument that can be converted into a predetermined number of the issuer's common stock or another security at a specified price. The agreement ensures that purchasers of these debentures have the option to register their securities with regulatory authorities, allowing them to freely trade or sell the debentures in the market. The District of Columbia Registration Rights Agreement includes various provisions to facilitate the registration process and protect the rights of the purchasers. These provisions typically cover areas such as: 1. Demand Rights: This provision allows the purchasers to request the issuer to file a registration statement with the regulatory authority, specifying the number of debentures they wish to register and offering a justification for the registration. The issuer must comply with these demands as long as certain criteria, such as minimum number of debentures, are met. 2. Piggyback Rights: In the event that the issuer intends to register any of its securities for sale to the public, the purchasers of the convertible debentures have the right to "piggyback" on the registration. This means that the purchasers can include their debentures in the issuer's registration, allowing them to sell the securities alongside the issuer's offering. 3. Hold back Provisions: The agreement may include provisions that restrict the purchasers from selling their debentures for a specified period after the registration becomes effective. This hold back period aims to prevent potential market destabilization caused by a sudden influx of securities. It is important to note that there may be different variations of the District of Columbia Registration Rights Agreement, depending on the specific terms and conditions negotiated between the issuer and the purchasers. These variations may include different timelines for registration, specific restrictions on selling or transferring the debentures, or additional provisions aimed at protecting the interests of both parties. In conclusion, the District of Columbia Registration Rights Agreement regarding the purchase of convertible subordinated debentures is a legal framework that ensures the rights of purchasers to register their securities and participate in the public market. By offering provisions such as demand rights, piggyback rights, and hold back provisions, this agreement aims to promote transparency and fair trading practices within the District of Columbia securities market.

The District of Columbia Registration Rights Agreement is a legal document that pertains to the purchase of convertible subordinated debentures within the District of Columbia. This agreement outlines the rights and obligations of both the issuer of the debentures and the purchasers regarding the registration of these securities with the appropriate regulatory bodies. Convertible subordinated debentures are a type of debt instrument that can be converted into a predetermined number of the issuer's common stock or another security at a specified price. The agreement ensures that purchasers of these debentures have the option to register their securities with regulatory authorities, allowing them to freely trade or sell the debentures in the market. The District of Columbia Registration Rights Agreement includes various provisions to facilitate the registration process and protect the rights of the purchasers. These provisions typically cover areas such as: 1. Demand Rights: This provision allows the purchasers to request the issuer to file a registration statement with the regulatory authority, specifying the number of debentures they wish to register and offering a justification for the registration. The issuer must comply with these demands as long as certain criteria, such as minimum number of debentures, are met. 2. Piggyback Rights: In the event that the issuer intends to register any of its securities for sale to the public, the purchasers of the convertible debentures have the right to "piggyback" on the registration. This means that the purchasers can include their debentures in the issuer's registration, allowing them to sell the securities alongside the issuer's offering. 3. Hold back Provisions: The agreement may include provisions that restrict the purchasers from selling their debentures for a specified period after the registration becomes effective. This hold back period aims to prevent potential market destabilization caused by a sudden influx of securities. It is important to note that there may be different variations of the District of Columbia Registration Rights Agreement, depending on the specific terms and conditions negotiated between the issuer and the purchasers. These variations may include different timelines for registration, specific restrictions on selling or transferring the debentures, or additional provisions aimed at protecting the interests of both parties. In conclusion, the District of Columbia Registration Rights Agreement regarding the purchase of convertible subordinated debentures is a legal framework that ensures the rights of purchasers to register their securities and participate in the public market. By offering provisions such as demand rights, piggyback rights, and hold back provisions, this agreement aims to promote transparency and fair trading practices within the District of Columbia securities market.