Nebraska 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 Nebraska Registration Rights Agreement (ERA) is a legally binding contract between Turn stone Systems, Inc. (referred to as the "Company") and a purchaser of securities (referred to as the "purchaser"). This agreement outlines the rights and obligations of both parties regarding the registration of securities issued by the Company with the Securities and Exchange Commission (SEC) of Nebraska. The ERA grants the purchaser certain registration rights, which allow them to request the registration of their securities under certain circumstances. This agreement ensures that the purchaser has the opportunity to sell or transfer their securities in compliance with applicable securities laws and regulations. The Nebraska ERA may include various types or provisions, depending on the specific agreement between Turn stone Systems, Inc. and the purchaser. Some commonly found types of Nebraska ERA include: 1. Demand Registration Rights: This provision grants the purchaser the right to request the Company to register their securities with the SEC. The purchaser can exercise this right by submitting a written demand to the Company, specifying the number of securities they intend to register. 2. Piggy-Back Registration Rights: Under this provision, the purchaser has the right to include their securities in a registration statement filed by the Company for its own securities. This enables the purchaser to register their securities alongside the Company, which may provide them with better visibility and liquidity. 3. S-3 Registration Rights: If the Company qualifies to use Form S-3 for its registration statement, the purchaser may be granted S-3 registration rights. This allows the purchaser to request registration on Form S-3, which is a simplified and expedited registration process for well-established issuers. 4. Shelf Registration Rights: The ERA may also include shelf registration rights, allowing the purchaser to have their securities included in a shelf registration statement filed by the Company. This provides flexibility for the purchaser to sell their securities in the future under certain conditions. 5. Registration Expenses: The ERA may specify how the registration expenses, including legal fees, SEC filing fees, and other related costs, will be allocated between the Company and the purchaser. Typically, the Company bears the majority of these expenses. It is important for both parties to carefully review and negotiate the terms of the Nebraska ERA to ensure their respective rights and obligations are addressed. This agreement helps facilitate the liquidity and transferability of securities for the purchaser while ensuring compliance with applicable securities laws and regulations in Nebraska.

Nebraska Registration Rights Agreement (ERA) is a legally binding contract between Turn stone Systems, Inc. (referred to as the "Company") and a purchaser of securities (referred to as the "purchaser"). This agreement outlines the rights and obligations of both parties regarding the registration of securities issued by the Company with the Securities and Exchange Commission (SEC) of Nebraska. The ERA grants the purchaser certain registration rights, which allow them to request the registration of their securities under certain circumstances. This agreement ensures that the purchaser has the opportunity to sell or transfer their securities in compliance with applicable securities laws and regulations. The Nebraska ERA may include various types or provisions, depending on the specific agreement between Turn stone Systems, Inc. and the purchaser. Some commonly found types of Nebraska ERA include: 1. Demand Registration Rights: This provision grants the purchaser the right to request the Company to register their securities with the SEC. The purchaser can exercise this right by submitting a written demand to the Company, specifying the number of securities they intend to register. 2. Piggy-Back Registration Rights: Under this provision, the purchaser has the right to include their securities in a registration statement filed by the Company for its own securities. This enables the purchaser to register their securities alongside the Company, which may provide them with better visibility and liquidity. 3. S-3 Registration Rights: If the Company qualifies to use Form S-3 for its registration statement, the purchaser may be granted S-3 registration rights. This allows the purchaser to request registration on Form S-3, which is a simplified and expedited registration process for well-established issuers. 4. Shelf Registration Rights: The ERA may also include shelf registration rights, allowing the purchaser to have their securities included in a shelf registration statement filed by the Company. This provides flexibility for the purchaser to sell their securities in the future under certain conditions. 5. Registration Expenses: The ERA may specify how the registration expenses, including legal fees, SEC filing fees, and other related costs, will be allocated between the Company and the purchaser. Typically, the Company bears the majority of these expenses. It is important for both parties to carefully review and negotiate the terms of the Nebraska ERA to ensure their respective rights and obligations are addressed. This agreement helps facilitate the liquidity and transferability of securities for the purchaser while ensuring compliance with applicable securities laws and regulations in Nebraska.