Texas 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 The Texas Registration Rights Agreement is a legal document entered into between Turn stone Systems, Inc. (referred to as "Company") and a purchaser (referred to as "Purchaser"), providing certain rights to purchasers regarding the registration of securities issued by the Company. This agreement ensures compliance with state and federal securities laws and grants the Purchaser specific privileges and protections related to the registration process. The Texas Registration Rights Agreement between Turn stone Systems, Inc. and the Purchaser outlines the following key aspects: 1. Registration Rights: This agreement grants the Purchaser the right to request the registration of their equity or debt securities with the appropriate state and federal securities regulatory authorities. These registration rights facilitate the sale or transfer of securities in compliance with the applicable laws. 2. Piggyback Rights: The Agreement may also include piggyback registration rights. These rights allow the Purchaser to include their securities alongside the Company's securities in a registration statement filed by the Company on behalf of its existing shareholders or affiliates. 3. Notice Requirements: The Agreement specifies the procedures and timelines for the Purchaser to exercise their registration rights. It states the manner in which the Purchaser must notify the Company of their intention to register their securities, including the information required to be provided in such notice. 4. Expenses: It details the allocation of expenses associated with the registration process, such as legal fees, filing fees, and underwriter expenses. The Agreement may require the Purchaser to bear a proportionate share of these costs. 5. Indemnification and Liability: The Agreement addresses the indemnification obligations of the Company towards the Purchaser. It outlines the Company's responsibility to defend and indemnify the Purchaser from any losses, expenses, or liabilities arising from material misstatements or omissions in the registration statement. 6. Termination: The Agreement may specify the circumstances under which the registration rights granted to the Purchaser can be terminated, such as upon the sale of all securities by the Purchaser or the Company becoming a publicly-traded entity. It is important to note that there may be different variations or types of Texas Registration Rights Agreements between Turn stone Systems, Inc. and the Purchaser, dependent on factors such as the nature of the securities being registered, the size and stage of the Company, and the specific negotiations between the parties involved. Each agreement is customized to meet the needs of the Company and the Purchaser while adhering to relevant state and federal securities regulations.

The Texas Registration Rights Agreement is a legal document entered into between Turn stone Systems, Inc. (referred to as "Company") and a purchaser (referred to as "Purchaser"), providing certain rights to purchasers regarding the registration of securities issued by the Company. This agreement ensures compliance with state and federal securities laws and grants the Purchaser specific privileges and protections related to the registration process. The Texas Registration Rights Agreement between Turn stone Systems, Inc. and the Purchaser outlines the following key aspects: 1. Registration Rights: This agreement grants the Purchaser the right to request the registration of their equity or debt securities with the appropriate state and federal securities regulatory authorities. These registration rights facilitate the sale or transfer of securities in compliance with the applicable laws. 2. Piggyback Rights: The Agreement may also include piggyback registration rights. These rights allow the Purchaser to include their securities alongside the Company's securities in a registration statement filed by the Company on behalf of its existing shareholders or affiliates. 3. Notice Requirements: The Agreement specifies the procedures and timelines for the Purchaser to exercise their registration rights. It states the manner in which the Purchaser must notify the Company of their intention to register their securities, including the information required to be provided in such notice. 4. Expenses: It details the allocation of expenses associated with the registration process, such as legal fees, filing fees, and underwriter expenses. The Agreement may require the Purchaser to bear a proportionate share of these costs. 5. Indemnification and Liability: The Agreement addresses the indemnification obligations of the Company towards the Purchaser. It outlines the Company's responsibility to defend and indemnify the Purchaser from any losses, expenses, or liabilities arising from material misstatements or omissions in the registration statement. 6. Termination: The Agreement may specify the circumstances under which the registration rights granted to the Purchaser can be terminated, such as upon the sale of all securities by the Purchaser or the Company becoming a publicly-traded entity. It is important to note that there may be different variations or types of Texas Registration Rights Agreements between Turn stone Systems, Inc. and the Purchaser, dependent on factors such as the nature of the securities being registered, the size and stage of the Company, and the specific negotiations between the parties involved. Each agreement is customized to meet the needs of the Company and the Purchaser while adhering to relevant state and federal securities regulations.