West Virginia Registration Rights Agreement regarding the purchase of convertible subordinated debentures

• Category: Corporations - Public - Rights
• State: Multi-State
• Control #: US-EG-9287
• Format: Word; Rich Text

Description

Resale Registration Rights Agreement between Inhale Therapeutic Systems, Inc., Lehman Brothers, Inc., Deutsche Bank Securities, Inc. and U.S. Bankcorp Piper Jeffay, Inc. regarding the purchase of 6 3/4% convertible subordinated debentures dated October A West Virginia Registration Rights Agreement is a legal document that outlines the terms and conditions regarding the registration of convertible subordinated debentures purchased in the state of West Virginia. This agreement is significant for both the issuer of the debentures and the purchasers as it ensures transparency and compliance with securities laws. Here are the key aspects of a West Virginia Registration Rights Agreement: 1. Registration Process: The agreement contains detailed provisions regarding the registration process, including the filing of registration statements with the appropriate regulatory authorities, such as the Securities and Exchange Commission (SEC), within a specified timeframe. 2. Mandatory Registration: It may include provisions that require the issuer to undertake the registration process promptly, typically within a certain number of days after the purchase of the convertible subordinated debentures. This enables the purchasers to freely sell or transfer their debentures to other parties while complying with legal requirements. 3. S-3 Registration: In certain cases, the agreement may grant the purchaser the right to request the issuer to use a specific registration statement, typically Form S-3, for the registration process. This streamlines and expedites the registration process, as Form S-3 is a short-form registration statement available to eligible issuers. 4. Expenses and Indemnification: The agreement typically outlines the responsibilities of each party concerning the payment of expenses related to the registration process. It may also include provisions for indemnification, protecting the purchaser from any losses or liabilities incurred due to errors or omissions in the registration statement. 5. Piggyback Rights: Some West Virginia Registration Rights Agreements may include piggyback rights, which grant the purchaser the right to have their debentures included in the issuer's registration statements filed for other purposes, such as public offerings or securities issued to other parties. It is important to note that specific West Virginia Registration Rights Agreements may differ in certain terms and conditions, depending on individual circumstances and negotiations between the issuer and the purchasers. Therefore, it is advisable to review the specific agreement in question to understand its exact content and provisions.

A West Virginia Registration Rights Agreement is a legal document that outlines the terms and conditions regarding the registration of convertible subordinated debentures purchased in the state of West Virginia. This agreement is significant for both the issuer of the debentures and the purchasers as it ensures transparency and compliance with securities laws. Here are the key aspects of a West Virginia Registration Rights Agreement: 1. Registration Process: The agreement contains detailed provisions regarding the registration process, including the filing of registration statements with the appropriate regulatory authorities, such as the Securities and Exchange Commission (SEC), within a specified timeframe. 2. Mandatory Registration: It may include provisions that require the issuer to undertake the registration process promptly, typically within a certain number of days after the purchase of the convertible subordinated debentures. This enables the purchasers to freely sell or transfer their debentures to other parties while complying with legal requirements. 3. S-3 Registration: In certain cases, the agreement may grant the purchaser the right to request the issuer to use a specific registration statement, typically Form S-3, for the registration process. This streamlines and expedites the registration process, as Form S-3 is a short-form registration statement available to eligible issuers. 4. Expenses and Indemnification: The agreement typically outlines the responsibilities of each party concerning the payment of expenses related to the registration process. It may also include provisions for indemnification, protecting the purchaser from any losses or liabilities incurred due to errors or omissions in the registration statement. 5. Piggyback Rights: Some West Virginia Registration Rights Agreements may include piggyback rights, which grant the purchaser the right to have their debentures included in the issuer's registration statements filed for other purposes, such as public offerings or securities issued to other parties. It is important to note that specific West Virginia Registration Rights Agreements may differ in certain terms and conditions, depending on individual circumstances and negotiations between the issuer and the purchasers. Therefore, it is advisable to review the specific agreement in question to understand its exact content and provisions.