Kentucky Registration Rights Agreement Agreement between VIA Net.Works, Inc. and certain stockholders

• Category: Corporations - Public - Registration
• State: Multi-State
• Control #: US-EG-9431
• Format: Word; Rich Text

Description

Registration Rights Agreement between VIA Net.Works, Inc. and certain stockholders dated September 29, 1999. 12 pages. Title: Understanding the Kentucky Registration Rights Agreement: An In-depth Analysis of VIA Net. Works Inc.'s Agreement with Certain Stockholders Introduction: The Kentucky Registration Rights Agreement serves as a crucial document between VIA Net. Works, Inc. and its stockholders. This agreement guarantees specific rights and privileges to stockholders regarding the registration of their respective securities. Let's delve into the key aspects and different types of this agreement. 1. Definition and Purpose: The Kentucky Registration Rights Agreement is a legally-binding contract that outlines the terms and conditions for stockholders to have their securities registered with relevant regulatory bodies. It enables stockholders to request and effectively secure the registration of their shares, ensuring liquidity and potentially enhancing the value of their investments. 2. VIA Net. Works, Inc.: VIA Net. Works, Inc. is an innovative technology company based in Kentucky that specializes in [Insert relevant information about the company's industry, services, or products]. As a publicly traded company, it acknowledges the significance of providing registration rights to its stockholders, fostering transparency and trust. 3. Key Provisions: a. Demand Registration Rights: One type of Registration Rights Agreement that may exist is the "Demand Registration Rights." This provision grants stockholders the power to compel VIA Net. Works, Inc. to register their securities with regulatory authorities, subject to certain conditions. By exercising this right, stockholders can initiate the registration process according to their preferences and timeline. b. Piggyback Registration Rights: Another possible type of Registration Rights Agreement is the "Piggyback Registration Rights." This provision empowers stockholders to "piggyback" on a company's registration statement. Essentially, when VIA Net. Works, Inc. files a registration statement for its securities, these stockholders have the option to include their own securities in the same filing. Thus, piggybacking enables stockholders to take advantage of the company's registration process. 4. Responsibilities and Obligations: a. Registration Expenses: The Kentucky Registration Rights Agreement delineates the allocation of registration expenses. Typically, VIA Net. Works, Inc. covers the costs associated with the registration process, including filing fees, legal fees, and other related expenses. However, there might be instances where stockholders are obliged to contribute to these expenses, depending on the agreement's specifics. b. Indemnification: To protect the interests of both parties, the agreement may include provisions related to indemnification. VIA Net. Works, Inc. may agree to indemnify stockholders, providing financial protection in case of any legal liabilities arising from the registration process. Similarly, stockholders may be required to indemnify the company against any losses incurred due to inaccurate or incomplete information provided by them. 5. Termination: A Kentucky Registration Rights Agreement typically remains in effect until the stockholders' registration rights expire, or until mutually agreed upon conditions lead to termination. The agreement might also include provisions for amendment, waiver, or termination by written consent of all parties involved. Conclusion: The Kentucky Registration Rights Agreement plays a pivotal role in the relationship between VIA Net. Works, Inc. and its stockholders. Offering registration privileges ensures transparency, liquidity, and opportunities for stockholders to maximize the value of their investments. By understanding the various types, provisions, obligations, and termination clauses of this agreement, all parties can work in harmony towards achieving their respective goals.

Title: Understanding the Kentucky Registration Rights Agreement: An In-depth Analysis of VIA Net. Works Inc.'s Agreement with Certain Stockholders Introduction: The Kentucky Registration Rights Agreement serves as a crucial document between VIA Net. Works, Inc. and its stockholders. This agreement guarantees specific rights and privileges to stockholders regarding the registration of their respective securities. Let's delve into the key aspects and different types of this agreement. 1. Definition and Purpose: The Kentucky Registration Rights Agreement is a legally-binding contract that outlines the terms and conditions for stockholders to have their securities registered with relevant regulatory bodies. It enables stockholders to request and effectively secure the registration of their shares, ensuring liquidity and potentially enhancing the value of their investments. 2. VIA Net. Works, Inc.: VIA Net. Works, Inc. is an innovative technology company based in Kentucky that specializes in [Insert relevant information about the company's industry, services, or products]. As a publicly traded company, it acknowledges the significance of providing registration rights to its stockholders, fostering transparency and trust. 3. Key Provisions: a. Demand Registration Rights: One type of Registration Rights Agreement that may exist is the "Demand Registration Rights." This provision grants stockholders the power to compel VIA Net. Works, Inc. to register their securities with regulatory authorities, subject to certain conditions. By exercising this right, stockholders can initiate the registration process according to their preferences and timeline. b. Piggyback Registration Rights: Another possible type of Registration Rights Agreement is the "Piggyback Registration Rights." This provision empowers stockholders to "piggyback" on a company's registration statement. Essentially, when VIA Net. Works, Inc. files a registration statement for its securities, these stockholders have the option to include their own securities in the same filing. Thus, piggybacking enables stockholders to take advantage of the company's registration process. 4. Responsibilities and Obligations: a. Registration Expenses: The Kentucky Registration Rights Agreement delineates the allocation of registration expenses. Typically, VIA Net. Works, Inc. covers the costs associated with the registration process, including filing fees, legal fees, and other related expenses. However, there might be instances where stockholders are obliged to contribute to these expenses, depending on the agreement's specifics. b. Indemnification: To protect the interests of both parties, the agreement may include provisions related to indemnification. VIA Net. Works, Inc. may agree to indemnify stockholders, providing financial protection in case of any legal liabilities arising from the registration process. Similarly, stockholders may be required to indemnify the company against any losses incurred due to inaccurate or incomplete information provided by them. 5. Termination: A Kentucky Registration Rights Agreement typically remains in effect until the stockholders' registration rights expire, or until mutually agreed upon conditions lead to termination. The agreement might also include provisions for amendment, waiver, or termination by written consent of all parties involved. Conclusion: The Kentucky Registration Rights Agreement plays a pivotal role in the relationship between VIA Net. Works, Inc. and its stockholders. Offering registration privileges ensures transparency, liquidity, and opportunities for stockholders to maximize the value of their investments. By understanding the various types, provisions, obligations, and termination clauses of this agreement, all parties can work in harmony towards achieving their respective goals.