Montana Registration Rights Agreement between Turnstone Systems, Inc. and purchaser

• Category: Corporations - Public - Rights
• State: Multi-State
• Control #: US-EG-9136
• Format: Word; Rich Text

Description

Registration Rights Agreement dated January 12, 1998. 23 pages Montana Registration Rights Agreement is a legal document that outlines the rights and obligations of Turn stone Systems, Inc. (hereinafter referred to as the "Company") and the purchaser in relation to the registration of securities. This agreement provides important details concerning the registration process, restrictions, and responsibilities of both parties. The main purpose of the Montana Registration Rights Agreement is to grant certain rights to the purchaser with regard to the registration of securities issued by the Company. These rights include the ability to request that the Company register the purchaser's securities with the appropriate regulatory authorities, such as the Securities and Exchange Commission (SEC). Key terms and clauses typically found in the Montana Registration Rights Agreement include: 1. Registration Process: This section outlines the process by which the purchaser can request the registration of their securities. It specifies the required information and documentation, including the filing of a registration statement, and sets deadlines for these actions. 2. Expenses and Indemnification: The agreement will define who is responsible for covering the expenses associated with the registration process, such as filing fees, legal fees, and printing costs. It may also include provisions for indemnification, which protects one party from financial loss resulting from legal claims or liabilities related to the registration. 3. Piggyback Rights: This clause grants the purchaser the right to have their securities included in any registration statement filed by the Company. This allows the purchaser to take advantage of the Company's registration efforts and potentially offer their securities to the public. 4. Limitations and Restrictions: The agreement might include limitations on the number and timing of registration requests that the purchaser can make to the Company. It may also impose restrictions on transferring or selling the registered securities. 5. Termination and Amendment: This section outlines the circumstances under which the agreement can be terminated or amended. It may require the written consent of both parties for any changes to the agreement. Different types of Montana Registration Rights Agreements between Turn stone Systems, Inc. and the purchaser can vary based on factors such as the type of securities being registered (e.g., common stock, preferred stock, or convertible securities) and the specific terms negotiated between the parties. Some variations might include: 1. Demand Registration Rights Agreement: This type of agreement enables the purchaser to require the Company to register their securities at any time, subject to certain conditions and limitations. 2. Shelf Registration Rights Agreement: Under this agreement, the Company agrees to file a registration statement allowing the purchaser to sell their securities in the future, within a specified period, without the need for further registration requests. 3. S-3 Registration Rights Agreement: This agreement specifically pertains to registration on Form S-3, which allows for a streamlined registration process for companies that meet certain eligibility requirements. In summary, the Montana Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser grants the purchaser certain rights and outlines the registration process for securities issued by the Company. It safeguards the interests of both parties and ensures compliance with securities regulations.

Montana Registration Rights Agreement is a legal document that outlines the rights and obligations of Turn stone Systems, Inc. (hereinafter referred to as the "Company") and the purchaser in relation to the registration of securities. This agreement provides important details concerning the registration process, restrictions, and responsibilities of both parties. The main purpose of the Montana Registration Rights Agreement is to grant certain rights to the purchaser with regard to the registration of securities issued by the Company. These rights include the ability to request that the Company register the purchaser's securities with the appropriate regulatory authorities, such as the Securities and Exchange Commission (SEC). Key terms and clauses typically found in the Montana Registration Rights Agreement include: 1. Registration Process: This section outlines the process by which the purchaser can request the registration of their securities. It specifies the required information and documentation, including the filing of a registration statement, and sets deadlines for these actions. 2. Expenses and Indemnification: The agreement will define who is responsible for covering the expenses associated with the registration process, such as filing fees, legal fees, and printing costs. It may also include provisions for indemnification, which protects one party from financial loss resulting from legal claims or liabilities related to the registration. 3. Piggyback Rights: This clause grants the purchaser the right to have their securities included in any registration statement filed by the Company. This allows the purchaser to take advantage of the Company's registration efforts and potentially offer their securities to the public. 4. Limitations and Restrictions: The agreement might include limitations on the number and timing of registration requests that the purchaser can make to the Company. It may also impose restrictions on transferring or selling the registered securities. 5. Termination and Amendment: This section outlines the circumstances under which the agreement can be terminated or amended. It may require the written consent of both parties for any changes to the agreement. Different types of Montana Registration Rights Agreements between Turn stone Systems, Inc. and the purchaser can vary based on factors such as the type of securities being registered (e.g., common stock, preferred stock, or convertible securities) and the specific terms negotiated between the parties. Some variations might include: 1. Demand Registration Rights Agreement: This type of agreement enables the purchaser to require the Company to register their securities at any time, subject to certain conditions and limitations. 2. Shelf Registration Rights Agreement: Under this agreement, the Company agrees to file a registration statement allowing the purchaser to sell their securities in the future, within a specified period, without the need for further registration requests. 3. S-3 Registration Rights Agreement: This agreement specifically pertains to registration on Form S-3, which allows for a streamlined registration process for companies that meet certain eligibility requirements. In summary, the Montana Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser grants the purchaser certain rights and outlines the registration process for securities issued by the Company. It safeguards the interests of both parties and ensures compliance with securities regulations.