Amendment No. 1 to Registration Rights Agreement between Turnstone Systems, Inc. and purchaser dated January 12, 1998. 6 pages
Title: Understanding New York Amendment No. 1 to Registration Rights Agreement between Turn stone Systems, Inc. and Purchaser Introduction: New York Amendment No. 1 to Registration Rights Agreement is a legal document that modifies the terms and conditions of the initial agreement between Turn stone Systems, Inc. (referred to as "Turn stone") and a purchaser (referred to as "Purchaser"). This amendment ensures the compliance of both parties with registration rights related to the transfer and registration of securities. Let's delve into the details of this important agreement to gain a comprehensive understanding. Key Terms: 1. New York Amendment: New York Amendment No. 1 is the first modification made to the original Registration Rights Agreement, specifically tailored to adhere to the specific regulations and requirements of New York state law. 2. Registration Rights Agreement: The initial agreement signed between Turn stone Systems, Inc. and the Purchaser, granting specific rights related to the registration and transfer of securities. 3. Turn stone Systems, Inc.: The legal entity and corporate entity party to the amendment as the issuer and granter of the registration rights. 4. Purchaser: The party on the receiving end of the registration rights granted by Turn stone, typically an investor or share purchaser. 5. Securities: Refers to the stocks, bonds, or other financial instruments issued by Turn stone Systems, Inc., which are eligible for registration as per the agreement. Types of New York Amendment No. 1: While the core elements of New York Amendment No. 1 remain constant, certain variances may exist based on specific agreements. These may include: 1. Amended Terms and Conditions: The amendment may modify existing terms and conditions of the Registration Rights Agreement, such as the duration, termination clauses, or any other relevant provisions. 2. Revised Securities Registration Procedure: The amendment may introduce changes to the process of registering securities, specifying the required documentation, deadlines, or disclosure regulations. 3. Additional Registration Rights: In certain cases, New York Amendment No. 1 may grant additional rights to the Purchaser, allowing them to register securities beyond what was initially agreed upon. 4. Termination or Extension: The amendment may include provisions that outline termination clauses or the possibility of extending the Registration Rights Agreement beyond its original expiration date. Conclusion: The New York Amendment No. 1 to Registration Rights Agreement between Turn stone Systems, Inc. and the Purchaser is a modification made to the initial agreement, ensuring compliance with New York state law. This amendment introduces changes, variations, or additional provisions specific to the relationship between Turn stone and the Purchaser. The primary goal is to safeguard the registration rights associated with the transfer and registration of securities, streamlining the process for both parties involved while adhering to legal obligations and requirements.
Title: Understanding New York Amendment No. 1 to Registration Rights Agreement between Turn stone Systems, Inc. and Purchaser Introduction: New York Amendment No. 1 to Registration Rights Agreement is a legal document that modifies the terms and conditions of the initial agreement between Turn stone Systems, Inc. (referred to as "Turn stone") and a purchaser (referred to as "Purchaser"). This amendment ensures the compliance of both parties with registration rights related to the transfer and registration of securities. Let's delve into the details of this important agreement to gain a comprehensive understanding. Key Terms: 1. New York Amendment: New York Amendment No. 1 is the first modification made to the original Registration Rights Agreement, specifically tailored to adhere to the specific regulations and requirements of New York state law. 2. Registration Rights Agreement: The initial agreement signed between Turn stone Systems, Inc. and the Purchaser, granting specific rights related to the registration and transfer of securities. 3. Turn stone Systems, Inc.: The legal entity and corporate entity party to the amendment as the issuer and granter of the registration rights. 4. Purchaser: The party on the receiving end of the registration rights granted by Turn stone, typically an investor or share purchaser. 5. Securities: Refers to the stocks, bonds, or other financial instruments issued by Turn stone Systems, Inc., which are eligible for registration as per the agreement. Types of New York Amendment No. 1: While the core elements of New York Amendment No. 1 remain constant, certain variances may exist based on specific agreements. These may include: 1. Amended Terms and Conditions: The amendment may modify existing terms and conditions of the Registration Rights Agreement, such as the duration, termination clauses, or any other relevant provisions. 2. Revised Securities Registration Procedure: The amendment may introduce changes to the process of registering securities, specifying the required documentation, deadlines, or disclosure regulations. 3. Additional Registration Rights: In certain cases, New York Amendment No. 1 may grant additional rights to the Purchaser, allowing them to register securities beyond what was initially agreed upon. 4. Termination or Extension: The amendment may include provisions that outline termination clauses or the possibility of extending the Registration Rights Agreement beyond its original expiration date. Conclusion: The New York Amendment No. 1 to Registration Rights Agreement between Turn stone Systems, Inc. and the Purchaser is a modification made to the initial agreement, ensuring compliance with New York state law. This amendment introduces changes, variations, or additional provisions specific to the relationship between Turn stone and the Purchaser. The primary goal is to safeguard the registration rights associated with the transfer and registration of securities, streamlining the process for both parties involved while adhering to legal obligations and requirements.