Contra Costa California Registration Rights Agreement between Turnstone Systems, Inc. and purchaser

• Category: Corporations - Public - Rights
• State: Multi-State
• County: Contra Costa
• Control #: US-EG-9136
• Format: Word; Rich Text

Description

Registration Rights Agreement dated January 12, 1998. 23 pages Contra Costa California Registration Rights Agreement is a legally binding contract that outlines the rights and obligations of Turn stone Systems, Inc. (the "Company") and the purchaser of its securities regarding the registration of these securities with the Securities and Exchange Commission (SEC). This agreement is crucial for both parties as it ensures transparency, compliance, and access to the public markets. The main purpose of the Contra Costa California Registration Rights Agreement is to grant the purchaser certain registration rights, enabling them to register their securities for public sale. These rights typically involve the demand registration right, piggyback registration right, and S-3 registration rights. Each of these registration rights has unique characteristics and is briefly explained below: 1. Demand Registration Right: This registration right allows the purchaser to request the Company to register their securities with the SEC upon their demand. The purchaser determines the number of securities, the timing, and the terms of the registration. 2. Piggyback Registration Right: Under this right, the purchaser has the opportunity to include their securities in any registration statement filed by the Company for itself or other shareholders. This right provides the purchaser with the chance to piggyback on the registration process initiated by the Company. 3. S-3 Registration Rights: If the Company is eligible to use Form S-3 (a simplified registration statement), the purchaser can request the Company to include their securities in the S-3 registration. This right is usually available to larger shareholders or institutional investors. The Contra Costa California Registration Rights Agreement will outline specific terms, conditions, and timelines for exercising these registration rights. It will cover details like the process of notice, expenses, indemnification, transfer restrictions, and potential limitations on the purchaser's ability to distribute the registered securities. Moreover, the agreement may include provisions related to "lock-up" periods, which restrict the purchaser from selling or transferring the registered securities for a certain period after the registration's effectiveness. These lock-up periods are in place to ensure orderly distribution and prevent potential market disruptions. In conclusion, the Contra Costa California Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser is a critical document that establishes the rights and obligations regarding the registration of securities with the SEC. By providing clear guidelines and provisions, this agreement ensures compliance with securities laws and facilitates the liquidity and marketability of the purchaser's securities.

Contra Costa California Registration Rights Agreement is a legally binding contract that outlines the rights and obligations of Turn stone Systems, Inc. (the "Company") and the purchaser of its securities regarding the registration of these securities with the Securities and Exchange Commission (SEC). This agreement is crucial for both parties as it ensures transparency, compliance, and access to the public markets. The main purpose of the Contra Costa California Registration Rights Agreement is to grant the purchaser certain registration rights, enabling them to register their securities for public sale. These rights typically involve the demand registration right, piggyback registration right, and S-3 registration rights. Each of these registration rights has unique characteristics and is briefly explained below: 1. Demand Registration Right: This registration right allows the purchaser to request the Company to register their securities with the SEC upon their demand. The purchaser determines the number of securities, the timing, and the terms of the registration. 2. Piggyback Registration Right: Under this right, the purchaser has the opportunity to include their securities in any registration statement filed by the Company for itself or other shareholders. This right provides the purchaser with the chance to piggyback on the registration process initiated by the Company. 3. S-3 Registration Rights: If the Company is eligible to use Form S-3 (a simplified registration statement), the purchaser can request the Company to include their securities in the S-3 registration. This right is usually available to larger shareholders or institutional investors. The Contra Costa California Registration Rights Agreement will outline specific terms, conditions, and timelines for exercising these registration rights. It will cover details like the process of notice, expenses, indemnification, transfer restrictions, and potential limitations on the purchaser's ability to distribute the registered securities. Moreover, the agreement may include provisions related to "lock-up" periods, which restrict the purchaser from selling or transferring the registered securities for a certain period after the registration's effectiveness. These lock-up periods are in place to ensure orderly distribution and prevent potential market disruptions. In conclusion, the Contra Costa California Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser is a critical document that establishes the rights and obligations regarding the registration of securities with the SEC. By providing clear guidelines and provisions, this agreement ensures compliance with securities laws and facilitates the liquidity and marketability of the purchaser's securities.