Michigan 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 Michigan Registration Rights Agreement is a legal document that outlines the rights and obligations of parties involved in the purchase of convertible subordinated debentures in the state of Michigan. This agreement is crucial for protecting the interests of investors and ensuring transparency and fairness in the purchasing process. The Michigan Registration Rights Agreement guarantees the rights of debenture holders to have their securities registered with the appropriate regulatory authorities, such as the Securities and Exchange Commission (SEC). Registration allows investors to freely trade their securities in the secondary market, providing liquidity and enhancing investment opportunities. Furthermore, the agreement specifies the registration process, which typically involves submitting necessary documents and complying with regulatory requirements. It outlines the responsibilities of both the debenture issuer and the purchaser, ensuring that each party fulfills their obligations promptly and accurately. Depending on the specific terms and conditions negotiated between parties, there could be different types of Michigan Registration Rights Agreements for the purchase of convertible subordinated debentures. Some commonly encountered types include: 1. Piggyback Rights: This type of agreement grants the debenture holder the right to include their securities in the issuer's registration statement. When the issuer registers additional securities for sale, those holding piggyback rights can "piggyback" on the registration, enabling them to offer their securities for sale alongside the issuer's securities. 2. Demand Registration Rights: These rights allow the debenture holder to request the issuer to register their securities for sale at any time. The debenture holder must specify the number of securities to be registered and provide a reasonable explanation for the request. The issuer is then obligated to comply with the demand registration within a specified timeframe. 3. Shelf Registration Rights: In this type of agreement, the issuer files a registration statement with the SEC for a certain amount of securities to be sold over a period of time. This registration statement creates a "shelf" of securities that can be offered for sale periodically. The debenture holder can then access this shelf and sell their securities when desired, subject to certain conditions. These are just a few examples of the types of Michigan Registration Rights Agreements that can be established in relation to the purchase of convertible subordinated debentures. It is essential for investors and issuing companies to carefully review and negotiate the terms of these agreements to ensure fair and equitable treatment for all parties involved.

The Michigan Registration Rights Agreement is a legal document that outlines the rights and obligations of parties involved in the purchase of convertible subordinated debentures in the state of Michigan. This agreement is crucial for protecting the interests of investors and ensuring transparency and fairness in the purchasing process. The Michigan Registration Rights Agreement guarantees the rights of debenture holders to have their securities registered with the appropriate regulatory authorities, such as the Securities and Exchange Commission (SEC). Registration allows investors to freely trade their securities in the secondary market, providing liquidity and enhancing investment opportunities. Furthermore, the agreement specifies the registration process, which typically involves submitting necessary documents and complying with regulatory requirements. It outlines the responsibilities of both the debenture issuer and the purchaser, ensuring that each party fulfills their obligations promptly and accurately. Depending on the specific terms and conditions negotiated between parties, there could be different types of Michigan Registration Rights Agreements for the purchase of convertible subordinated debentures. Some commonly encountered types include: 1. Piggyback Rights: This type of agreement grants the debenture holder the right to include their securities in the issuer's registration statement. When the issuer registers additional securities for sale, those holding piggyback rights can "piggyback" on the registration, enabling them to offer their securities for sale alongside the issuer's securities. 2. Demand Registration Rights: These rights allow the debenture holder to request the issuer to register their securities for sale at any time. The debenture holder must specify the number of securities to be registered and provide a reasonable explanation for the request. The issuer is then obligated to comply with the demand registration within a specified timeframe. 3. Shelf Registration Rights: In this type of agreement, the issuer files a registration statement with the SEC for a certain amount of securities to be sold over a period of time. This registration statement creates a "shelf" of securities that can be offered for sale periodically. The debenture holder can then access this shelf and sell their securities when desired, subject to certain conditions. These are just a few examples of the types of Michigan Registration Rights Agreements that can be established in relation to the purchase of convertible subordinated debentures. It is essential for investors and issuing companies to carefully review and negotiate the terms of these agreements to ensure fair and equitable treatment for all parties involved.