Illinois 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 Illinois Registration Rights Agreement is a legal document that outlines the rights and obligations of the parties involved in the purchase of convertible subordinated debentures in the state of Illinois. This agreement is designed to protect the interests of both the issuer of the debentures and the purchasers. The Illinois Registration Rights Agreement typically includes provisions related to the registration of the debentures with the appropriate regulatory authorities. It ensures that the issuer registers the debentures promptly after their purchase to enable the purchasers to freely trade or sell them in the market. This registration process enables the debentures to be listed on various stock exchanges, ensuring liquidity and marketability. The agreement also outlines the specific terms and conditions under which the debentures can be registered. It includes the filing requirements, the time frame for registration, the responsibilities of the issuer in providing necessary information and documentation, and the expenses associated with the registration process. These provisions aim to ensure transparency and compliance with applicable securities laws. Furthermore, the Illinois Registration Rights Agreement may include provisions related to piggyback registration rights. These provisions grant the purchasers the right to include their debentures in registration statements filed by the issuer for other securities. This allows the purchasers to go along with the registration process initiated by the issuer, saving time and costs. It is important to note that there may be different types of Illinois Registration Rights Agreements regarding the purchase of convertible subordinated debentures. These can include: 1. Full Registration Rights: This type of agreement grants the purchasers the right to demand that the issuer register their debentures with the regulatory authorities. 2. Limited/Incidental Registration Rights: This type of agreement provides the purchasers with the right to participate in the issuer's registration statements on a non-demand basis. The issuer may have certain limitations on the number or percentage of debentures that can be included in these registrations. 3. Demand Registration Rights: Under this type of agreement, the purchasers have the right to require the issuer to register their debentures at any time after a specified period. The issuer is obligated to fulfill this demand within a prescribed time frame. 4. Shelf Registration Rights: This type of agreement allows the issuer to file a registration statement in advance, without naming any specific purchasers. The purchasers can then sell their debentures under this registration statement at their discretion within a specified time period. In summary, the Illinois Registration Rights Agreement pertaining to the purchase of convertible subordinated debentures is a comprehensive legal document that ensures transparency, compliance, and liquidity in the trading and selling of these securities. Different types of registration rights agreements provide varying levels of control and flexibility to the purchasers, enabling them to protect their investment and participate in the issuer's registration process effectively.

Illinois Registration Rights Agreement is a legal document that outlines the rights and obligations of the parties involved in the purchase of convertible subordinated debentures in the state of Illinois. This agreement is designed to protect the interests of both the issuer of the debentures and the purchasers. The Illinois Registration Rights Agreement typically includes provisions related to the registration of the debentures with the appropriate regulatory authorities. It ensures that the issuer registers the debentures promptly after their purchase to enable the purchasers to freely trade or sell them in the market. This registration process enables the debentures to be listed on various stock exchanges, ensuring liquidity and marketability. The agreement also outlines the specific terms and conditions under which the debentures can be registered. It includes the filing requirements, the time frame for registration, the responsibilities of the issuer in providing necessary information and documentation, and the expenses associated with the registration process. These provisions aim to ensure transparency and compliance with applicable securities laws. Furthermore, the Illinois Registration Rights Agreement may include provisions related to piggyback registration rights. These provisions grant the purchasers the right to include their debentures in registration statements filed by the issuer for other securities. This allows the purchasers to go along with the registration process initiated by the issuer, saving time and costs. It is important to note that there may be different types of Illinois Registration Rights Agreements regarding the purchase of convertible subordinated debentures. These can include: 1. Full Registration Rights: This type of agreement grants the purchasers the right to demand that the issuer register their debentures with the regulatory authorities. 2. Limited/Incidental Registration Rights: This type of agreement provides the purchasers with the right to participate in the issuer's registration statements on a non-demand basis. The issuer may have certain limitations on the number or percentage of debentures that can be included in these registrations. 3. Demand Registration Rights: Under this type of agreement, the purchasers have the right to require the issuer to register their debentures at any time after a specified period. The issuer is obligated to fulfill this demand within a prescribed time frame. 4. Shelf Registration Rights: This type of agreement allows the issuer to file a registration statement in advance, without naming any specific purchasers. The purchasers can then sell their debentures under this registration statement at their discretion within a specified time period. In summary, the Illinois Registration Rights Agreement pertaining to the purchase of convertible subordinated debentures is a comprehensive legal document that ensures transparency, compliance, and liquidity in the trading and selling of these securities. Different types of registration rights agreements provide varying levels of control and flexibility to the purchasers, enabling them to protect their investment and participate in the issuer's registration process effectively.