Chicago Illinois Registration Rights Agreement between Turnstone Systems, Inc. and purchaser

• Category: Corporations - Public - Rights
• State: Multi-State
• City: Chicago
• Control #: US-EG-9136
• Format: Word; Rich Text

Description

Registration Rights Agreement dated January 12, 1998. 23 pages Title: Chicago Illinois Registration Rights Agreement: An In-Depth Analysis of Turn stone Systems, Inc. and Purchaser Arrangement Introduction: The Chicago Illinois Registration Rights Agreement is a legal document that governs the rights and obligations between Turn stone Systems, Inc. (referred to as "Company") and the purchaser (referred to as "Purchaser") in relation to the registration of certain securities. This agreement ensures compliance with securities laws and facilitates the process of registering securities with regulatory authorities in the Chicago, Illinois region. Key Features of the Chicago Illinois Registration Rights Agreement: 1. Grant of Registration Rights: This agreement delineates the rights granted by the Company to the Purchaser for the registration of securities. It specifies the conditions under which the Company will register securities on behalf of the Purchaser. 2. Registration Process: The agreement outlines the process and procedures involved in registering securities with the Securities and Exchange Commission (SEC) or any other relevant regulatory body. It provides a roadmap for ensuring compliance with applicable laws and regulations throughout the registration process. 3. Demand Registration: This clause establishes the Purchaser's right to request the Company to register securities on their behalf. It sets out the conditions under which such a demand can be made, including the minimum number of securities to be registered and reasonable notice requirements. 4. Piggyback Registration: This provision allows the Purchaser to include their securities in a registration statement filed by the Company or underwritten by the Company. It outlines the terms and procedures to be followed for piggyback registration, along with any limitations or restrictions. 5. Expenses and Indemnification: The agreement specifies the allocation of registration expenses between the Company and the Purchaser. It also includes provisions for indemnification, protecting each party in case of any losses, expenses, or liabilities arising from the registration process. 6. Lock-Up Period: This section may be included in certain types of Registration Rights Agreements, where the Purchaser agrees not to sell or transfer their registered securities for a specified period after the registration statement becomes effective. Types of Chicago Illinois Registration Rights Agreements: There may be variations of the Chicago Illinois Registration Rights Agreement based on the specific circumstances and negotiations between Turn stone Systems, Inc. and the Purchaser. Some potential variations may include: 1. Standard Chicago Illinois Registration Rights Agreement: This is the typical agreement that covers the core provisions mentioned above, providing a framework for registration of securities between the Company and the Purchaser. 2. Customized or Tailored Registration Rights Agreement: In certain cases, the parties may negotiate specific terms and conditions that deviate from the standard agreement. These variations may reflect unique circumstances, such as specific registration triggers or specific disclosures. Conclusion: The Chicago Illinois Registration Rights Agreement between Turn stone Systems, Inc. and the Purchaser is a crucial legal document that ensures compliance with securities laws in the Chicago, Illinois region. This agreement grants registration rights to the Purchaser, outlining the process, conditions, and obligations involved in registering securities. By understanding the key features and types of registration rights agreements, the parties can navigate the registration process effectively and protect their respective interests.

Title: Chicago Illinois Registration Rights Agreement: An In-Depth Analysis of Turn stone Systems, Inc. and Purchaser Arrangement Introduction: The Chicago Illinois Registration Rights Agreement is a legal document that governs the rights and obligations between Turn stone Systems, Inc. (referred to as "Company") and the purchaser (referred to as "Purchaser") in relation to the registration of certain securities. This agreement ensures compliance with securities laws and facilitates the process of registering securities with regulatory authorities in the Chicago, Illinois region. Key Features of the Chicago Illinois Registration Rights Agreement: 1. Grant of Registration Rights: This agreement delineates the rights granted by the Company to the Purchaser for the registration of securities. It specifies the conditions under which the Company will register securities on behalf of the Purchaser. 2. Registration Process: The agreement outlines the process and procedures involved in registering securities with the Securities and Exchange Commission (SEC) or any other relevant regulatory body. It provides a roadmap for ensuring compliance with applicable laws and regulations throughout the registration process. 3. Demand Registration: This clause establishes the Purchaser's right to request the Company to register securities on their behalf. It sets out the conditions under which such a demand can be made, including the minimum number of securities to be registered and reasonable notice requirements. 4. Piggyback Registration: This provision allows the Purchaser to include their securities in a registration statement filed by the Company or underwritten by the Company. It outlines the terms and procedures to be followed for piggyback registration, along with any limitations or restrictions. 5. Expenses and Indemnification: The agreement specifies the allocation of registration expenses between the Company and the Purchaser. It also includes provisions for indemnification, protecting each party in case of any losses, expenses, or liabilities arising from the registration process. 6. Lock-Up Period: This section may be included in certain types of Registration Rights Agreements, where the Purchaser agrees not to sell or transfer their registered securities for a specified period after the registration statement becomes effective. Types of Chicago Illinois Registration Rights Agreements: There may be variations of the Chicago Illinois Registration Rights Agreement based on the specific circumstances and negotiations between Turn stone Systems, Inc. and the Purchaser. Some potential variations may include: 1. Standard Chicago Illinois Registration Rights Agreement: This is the typical agreement that covers the core provisions mentioned above, providing a framework for registration of securities between the Company and the Purchaser. 2. Customized or Tailored Registration Rights Agreement: In certain cases, the parties may negotiate specific terms and conditions that deviate from the standard agreement. These variations may reflect unique circumstances, such as specific registration triggers or specific disclosures. Conclusion: The Chicago Illinois Registration Rights Agreement between Turn stone Systems, Inc. and the Purchaser is a crucial legal document that ensures compliance with securities laws in the Chicago, Illinois region. This agreement grants registration rights to the Purchaser, outlining the process, conditions, and obligations involved in registering securities. By understanding the key features and types of registration rights agreements, the parties can navigate the registration process effectively and protect their respective interests.