Puerto Rico 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 A Puerto Rico Registration Rights Agreement is a legal document that governs the rights and obligations of Turn stone Systems, Inc. and a purchaser of securities issued by the company with regard to the registration of those securities with the government of Puerto Rico. This agreement ensures compliance with Puerto Rico's securities laws and regulations, providing transparency and information to investors. Turn stone Systems, Inc., a renowned technology company, enters into this agreement to grant certain registration rights to the purchaser of its securities. The purchaser, typically an investor or a financial institution, is accorded the right to request the registration of the securities with the relevant Puerto Rico regulatory authorities. The purpose of the Puerto Rico Registration Rights Agreement is to safeguard the rights of the purchaser by granting them the ability to publicly sell or transfer their securities. By registering the securities, the purchaser can effectively liquidate or diversify their investment in compliance with Puerto Rico's regulatory framework. This agreement between Turn stone Systems, Inc. and the purchaser generally includes the following key provisions: 1. Demand Registration Rights: This type of registration right allows the purchaser to request that Turn stone Systems, Inc. file a registration statement with the securities regulatory authority if certain specified criteria are met, such as the passage of a specified timeframe or the achievement of specific financial thresholds. 2. Piggyback Registration Rights: Under this provision, if Turn stone Systems, Inc. decides to register any of its securities for public sale, the purchaser has the right, but not the obligation, to include their securities in the registration statement. This enables the purchaser to benefit from the Company's registration efforts and potentially sell their securities alongside the Company's public offering. 3. Form S-3 Registration Rights: If the securities being issued by Turn stone Systems, Inc. are eligible for registration under Form S-3, the purchaser may request the company to register their securities using this streamlined registration process. Form S-3 allows for faster and more efficient registration, benefiting both the purchaser and Turn stone Systems, Inc. It is important to note that specific terms and conditions within a Puerto Rico Registration Rights Agreement may vary depending on the negotiations between Turn stone Systems, Inc. and the purchaser. The agreement typically outlines the procedures for requesting registration, the responsibilities of both parties, any associated expenses, and indemnification obligations. In conclusion, a Puerto Rico Registration Rights Agreement is a vital contract between Turn stone Systems, Inc. and a purchaser of its securities that grants registration rights for compliance with the Puerto Rico regulatory framework. The agreement typically encompasses provisions for demand registration rights, piggyback registration rights, and Form S-3 registration rights, ensuring the purchaser's ability to publicly sell or transfer their securities while providing necessary transparency to investors.

A Puerto Rico Registration Rights Agreement is a legal document that governs the rights and obligations of Turn stone Systems, Inc. and a purchaser of securities issued by the company with regard to the registration of those securities with the government of Puerto Rico. This agreement ensures compliance with Puerto Rico's securities laws and regulations, providing transparency and information to investors. Turn stone Systems, Inc., a renowned technology company, enters into this agreement to grant certain registration rights to the purchaser of its securities. The purchaser, typically an investor or a financial institution, is accorded the right to request the registration of the securities with the relevant Puerto Rico regulatory authorities. The purpose of the Puerto Rico Registration Rights Agreement is to safeguard the rights of the purchaser by granting them the ability to publicly sell or transfer their securities. By registering the securities, the purchaser can effectively liquidate or diversify their investment in compliance with Puerto Rico's regulatory framework. This agreement between Turn stone Systems, Inc. and the purchaser generally includes the following key provisions: 1. Demand Registration Rights: This type of registration right allows the purchaser to request that Turn stone Systems, Inc. file a registration statement with the securities regulatory authority if certain specified criteria are met, such as the passage of a specified timeframe or the achievement of specific financial thresholds. 2. Piggyback Registration Rights: Under this provision, if Turn stone Systems, Inc. decides to register any of its securities for public sale, the purchaser has the right, but not the obligation, to include their securities in the registration statement. This enables the purchaser to benefit from the Company's registration efforts and potentially sell their securities alongside the Company's public offering. 3. Form S-3 Registration Rights: If the securities being issued by Turn stone Systems, Inc. are eligible for registration under Form S-3, the purchaser may request the company to register their securities using this streamlined registration process. Form S-3 allows for faster and more efficient registration, benefiting both the purchaser and Turn stone Systems, Inc. It is important to note that specific terms and conditions within a Puerto Rico Registration Rights Agreement may vary depending on the negotiations between Turn stone Systems, Inc. and the purchaser. The agreement typically outlines the procedures for requesting registration, the responsibilities of both parties, any associated expenses, and indemnification obligations. In conclusion, a Puerto Rico Registration Rights Agreement is a vital contract between Turn stone Systems, Inc. and a purchaser of its securities that grants registration rights for compliance with the Puerto Rico regulatory framework. The agreement typically encompasses provisions for demand registration rights, piggyback registration rights, and Form S-3 registration rights, ensuring the purchaser's ability to publicly sell or transfer their securities while providing necessary transparency to investors.