West Virginia 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 West Virginia Registration Rights Agreement is a legally binding contract that outlines the rights and obligations related to the registration of securities issued by Turn stone Systems, Inc. with the Securities and Exchange Commission (SEC) in West Virginia. This agreement is entered into between Turn stone Systems, Inc., the issuer of the securities, and the purchaser or investors who hold those securities. The purpose of the West Virginia Registration Rights Agreement is to provide certain protections and benefits to the purchaser of the securities, ensuring that they have the right to request the registration of their securities with the SEC in order to facilitate the free trading of the securities in the public market. Under the agreement, Turn stone Systems, Inc. typically grants the purchaser certain registration rights, which may include demand registration rights, piggyback registration rights, or even shelf registration rights. These different types of registration rights provide varying levels of flexibility and control to the purchaser regarding the timing and methods of registering their securities. Demand registration rights refer to the purchaser's ability to request that Turn stone Systems, Inc. registers their securities with the SEC within a specified time frame. This allows the purchaser to initiate the process of making the securities publicly tradable whenever they see fit. Piggyback registration rights, on the other hand, enable the purchaser to include their securities in registration statements filed by Turn stone Systems, Inc. for the purpose of facilitating a public offering. If Turn stone Systems, Inc. decides to register additional securities, the purchaser can exercise their piggyback registration rights and have their securities included in the registration, thus avoiding the costs and efforts of filing a separate registration statement. Shelf registration rights provide the purchaser with the ability to have their securities preregistered by Turn stone Systems, Inc. This means that the purchaser's securities are already registered with the SEC and can be offered for sale or resale at any time without the need for further registration or filing requirements. In summary, a West Virginia Registration Rights Agreement between Turn stone Systems, Inc. and a purchaser establishes the terms and conditions for registering securities issued by Turn stone Systems, Inc. with the SEC in West Virginia. It grants the purchaser certain registration rights, such as demand registration, piggyback registration, or shelf registration, to ensure the facilitation of free trading and liquidity of their securities.

A West Virginia Registration Rights Agreement is a legally binding contract that outlines the rights and obligations related to the registration of securities issued by Turn stone Systems, Inc. with the Securities and Exchange Commission (SEC) in West Virginia. This agreement is entered into between Turn stone Systems, Inc., the issuer of the securities, and the purchaser or investors who hold those securities. The purpose of the West Virginia Registration Rights Agreement is to provide certain protections and benefits to the purchaser of the securities, ensuring that they have the right to request the registration of their securities with the SEC in order to facilitate the free trading of the securities in the public market. Under the agreement, Turn stone Systems, Inc. typically grants the purchaser certain registration rights, which may include demand registration rights, piggyback registration rights, or even shelf registration rights. These different types of registration rights provide varying levels of flexibility and control to the purchaser regarding the timing and methods of registering their securities. Demand registration rights refer to the purchaser's ability to request that Turn stone Systems, Inc. registers their securities with the SEC within a specified time frame. This allows the purchaser to initiate the process of making the securities publicly tradable whenever they see fit. Piggyback registration rights, on the other hand, enable the purchaser to include their securities in registration statements filed by Turn stone Systems, Inc. for the purpose of facilitating a public offering. If Turn stone Systems, Inc. decides to register additional securities, the purchaser can exercise their piggyback registration rights and have their securities included in the registration, thus avoiding the costs and efforts of filing a separate registration statement. Shelf registration rights provide the purchaser with the ability to have their securities preregistered by Turn stone Systems, Inc. This means that the purchaser's securities are already registered with the SEC and can be offered for sale or resale at any time without the need for further registration or filing requirements. In summary, a West Virginia Registration Rights Agreement between Turn stone Systems, Inc. and a purchaser establishes the terms and conditions for registering securities issued by Turn stone Systems, Inc. with the SEC in West Virginia. It grants the purchaser certain registration rights, such as demand registration, piggyback registration, or shelf registration, to ensure the facilitation of free trading and liquidity of their securities.