South Carolina 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 South Carolina Registration Rights Agreement is a legally binding document between Turn stone Systems, Inc. and a purchaser, which outlines the specific rights and obligations associated with the registration of securities issued by Turn stone Systems, Inc. in accordance with the laws and regulations of the state of South Carolina. This agreement provides the purchaser with certain registration rights, allowing them to register the securities they hold or may acquire from Turn stone Systems, Inc. This helps facilitate the sale or transfer of these securities in compliance with applicable securities laws. The South Carolina Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser typically covers various important aspects, including: 1. Demand Registration Rights: This clause allows the purchaser to request that Turn stone Systems, Inc. promptly files a registration statement with the Securities and Exchange Commission (SEC) if certain conditions are met. It ensures that the purchaser has the ability to sell their securities in the public marketplace when desired. 2. Piggyback Registration Rights: This provision enables the purchaser to include their securities in a registration statement filed by Turn stone Systems, Inc. for the sale of its securities to the public. It ensures that the purchaser has the opportunity to sell their securities alongside Turn stone Systems, Inc., thus benefiting from the existing registration process. 3. S-3 Registration Rights: In certain circumstances, the agreement may also grant the purchaser the right to participate in registration statements on Form S-3, which is a simplified and expedited registration process available to eligible issuers. This provision can offer greater flexibility and efficiency in registering and selling securities. 4. Registration Expenses: The agreement typically outlines the allocation of expenses related to the registration process. It specifies which party is responsible for paying various costs, such as SEC filing fees, legal fees, and expenses associated with printing or distributing the registration statement. 5. Indemnification: This section details the indemnification obligations of Turn stone Systems, Inc. to the purchaser, protecting the purchaser from any losses or liabilities arising from the registration statement's inaccuracy, omission of material information, or non-compliance with applicable laws. It is important to note that the specific terms and provisions of the South Carolina Registration Rights Agreement may vary depending on the parties' negotiations and the nature of the securities involved. However, the agreement is generally designed to protect the purchaser's interests while ensuring compliance with South Carolina securities laws. Regarding variations or types of South Carolina Registration Rights Agreements between Turn stone Systems, Inc. and the purchaser, they may differ based on factors such as the class of securities being registered, the timing or methods of registration, or specific rights customized to meet the needs of both parties. Examples could include "Common Stock Registration Rights Agreement," "Convertible Note Registration Rights Agreement," or "Preferred Stock Registration Rights Agreement," among others.

South Carolina Registration Rights Agreement is a legally binding document between Turn stone Systems, Inc. and a purchaser, which outlines the specific rights and obligations associated with the registration of securities issued by Turn stone Systems, Inc. in accordance with the laws and regulations of the state of South Carolina. This agreement provides the purchaser with certain registration rights, allowing them to register the securities they hold or may acquire from Turn stone Systems, Inc. This helps facilitate the sale or transfer of these securities in compliance with applicable securities laws. The South Carolina Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser typically covers various important aspects, including: 1. Demand Registration Rights: This clause allows the purchaser to request that Turn stone Systems, Inc. promptly files a registration statement with the Securities and Exchange Commission (SEC) if certain conditions are met. It ensures that the purchaser has the ability to sell their securities in the public marketplace when desired. 2. Piggyback Registration Rights: This provision enables the purchaser to include their securities in a registration statement filed by Turn stone Systems, Inc. for the sale of its securities to the public. It ensures that the purchaser has the opportunity to sell their securities alongside Turn stone Systems, Inc., thus benefiting from the existing registration process. 3. S-3 Registration Rights: In certain circumstances, the agreement may also grant the purchaser the right to participate in registration statements on Form S-3, which is a simplified and expedited registration process available to eligible issuers. This provision can offer greater flexibility and efficiency in registering and selling securities. 4. Registration Expenses: The agreement typically outlines the allocation of expenses related to the registration process. It specifies which party is responsible for paying various costs, such as SEC filing fees, legal fees, and expenses associated with printing or distributing the registration statement. 5. Indemnification: This section details the indemnification obligations of Turn stone Systems, Inc. to the purchaser, protecting the purchaser from any losses or liabilities arising from the registration statement's inaccuracy, omission of material information, or non-compliance with applicable laws. It is important to note that the specific terms and provisions of the South Carolina Registration Rights Agreement may vary depending on the parties' negotiations and the nature of the securities involved. However, the agreement is generally designed to protect the purchaser's interests while ensuring compliance with South Carolina securities laws. Regarding variations or types of South Carolina Registration Rights Agreements between Turn stone Systems, Inc. and the purchaser, they may differ based on factors such as the class of securities being registered, the timing or methods of registration, or specific rights customized to meet the needs of both parties. Examples could include "Common Stock Registration Rights Agreement," "Convertible Note Registration Rights Agreement," or "Preferred Stock Registration Rights Agreement," among others.