Nebraska Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares of the company

• Category: Corporations - Public - Rights
• State: Multi-State
• Control #: US-EG-9209
• Format: Word; Rich Text

Description

Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares of the company (investors) regarding sale of shares dated December 14, 1999. 13 pages. A Nebraska Registration Rights Agreement is a legally binding contract that outlines the terms and conditions for the registration of common shares of Visible Genetics, Inc. In this agreement, Visible Genetics, Inc. grants certain rights to the purchasers of its common shares to ensure their ability to register and sell their shares in compliance with securities laws. The agreement serves to protect the purchasers' interests, providing them with the necessary assurances and privileges when it comes to selling their shares. Under this agreement, Visible Genetics, Inc. agrees to file the necessary registration statements and take other required actions to facilitate the purchasers' ability to sell their common shares in the future. The Nebraska Registration Rights Agreement between Visible Genetics, Inc. and its purchasers encompasses several key provisions. These clauses may vary based on the specific type of agreement entered into. Below are some potential types: 1. Demand Registration Rights: This type of agreement grants the purchasers the right to request Visible Genetics, Inc. to file a registration statement with the Securities and Exchange Commission (SEC) for the public offering of the purchasers' registered shares. The agreement specifies the conditions and procedures for exercising this right. 2. Piggyback Registration Rights: This provision allows the purchasers to include their common shares in any registration filing made by Visible Genetics, Inc. for its own securities. If Visible Genetics, Inc. intends to register any of its securities for a public offering, the purchasers have the right to "piggyback" their shares onto that registration statement. 3. Shelf Registration Rights: This type of agreement might grant the purchasers the ability to have a specified number of their shares registered on a "shelf registration" basis. This means that the purchasers can have their shares registered in advance, allowing for more efficient and immediate sales when deemed necessary. 4. S-3 Registration Rights: Some agreements may include provisions allowing the purchasers to utilize Form S-3, a simplified registration process, to register their shares for resale. Form S-3 is available to issuers who meet certain eligibility requirements set by the SEC. It's important to note that the specific terms and conditions, as well as the included rights, may vary in each Nebraska Registration Rights Agreement. Both Visible Genetics, Inc. and the purchasers must carefully review and negotiate the terms to ensure their interests are adequately protected. Consulting legal professionals experienced in securities law is highly recommended during the drafting, negotiation, and execution of a Nebraska Registration Rights Agreement to ensure compliance with relevant regulations and the fulfillment of both parties' objectives.

A Nebraska Registration Rights Agreement is a legally binding contract that outlines the terms and conditions for the registration of common shares of Visible Genetics, Inc. In this agreement, Visible Genetics, Inc. grants certain rights to the purchasers of its common shares to ensure their ability to register and sell their shares in compliance with securities laws. The agreement serves to protect the purchasers' interests, providing them with the necessary assurances and privileges when it comes to selling their shares. Under this agreement, Visible Genetics, Inc. agrees to file the necessary registration statements and take other required actions to facilitate the purchasers' ability to sell their common shares in the future. The Nebraska Registration Rights Agreement between Visible Genetics, Inc. and its purchasers encompasses several key provisions. These clauses may vary based on the specific type of agreement entered into. Below are some potential types: 1. Demand Registration Rights: This type of agreement grants the purchasers the right to request Visible Genetics, Inc. to file a registration statement with the Securities and Exchange Commission (SEC) for the public offering of the purchasers' registered shares. The agreement specifies the conditions and procedures for exercising this right. 2. Piggyback Registration Rights: This provision allows the purchasers to include their common shares in any registration filing made by Visible Genetics, Inc. for its own securities. If Visible Genetics, Inc. intends to register any of its securities for a public offering, the purchasers have the right to "piggyback" their shares onto that registration statement. 3. Shelf Registration Rights: This type of agreement might grant the purchasers the ability to have a specified number of their shares registered on a "shelf registration" basis. This means that the purchasers can have their shares registered in advance, allowing for more efficient and immediate sales when deemed necessary. 4. S-3 Registration Rights: Some agreements may include provisions allowing the purchasers to utilize Form S-3, a simplified registration process, to register their shares for resale. Form S-3 is available to issuers who meet certain eligibility requirements set by the SEC. It's important to note that the specific terms and conditions, as well as the included rights, may vary in each Nebraska Registration Rights Agreement. Both Visible Genetics, Inc. and the purchasers must carefully review and negotiate the terms to ensure their interests are adequately protected. Consulting legal professionals experienced in securities law is highly recommended during the drafting, negotiation, and execution of a Nebraska Registration Rights Agreement to ensure compliance with relevant regulations and the fulfillment of both parties' objectives.