Philadelphia Pennsylvania Registration Rights Agreement between Turnstone Systems, Inc. and purchaser

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

Description

Registration Rights Agreement dated January 12, 1998. 23 pages A Philadelphia Pennsylvania Registration Rights Agreement is a legal document that outlines the rights and obligations of both Turn stone Systems, Inc. (the issuer) and the purchaser regarding the registration of securities with the Securities and Exchange Commission (SEC). Keywords: Philadelphia Pennsylvania, Registration Rights Agreement, Turn stone Systems, Inc., purchaser, securities, SEC. This agreement is essential when a company, such as Turn stone Systems, Inc., seeks to raise capital by issuing securities, such as stocks or bonds, to the public. It ensures that the purchaser of these securities has certain rights relating to the registration of those securities with the SEC. There are different types of Philadelphia Pennsylvania Registration Rights Agreements that may be presented between Turn stone Systems, Inc. and the purchaser, including: 1. Demand Registration Rights: This type of agreement grants the purchaser the right to request the company to register their securities with the SEC. The purchaser can exercise this right whenever they wish, typically after a specified waiting period. It obligates the company to file a registration statement promptly and undertake necessary actions to register the securities. 2. Piggyback Registration Rights: With piggyback registration rights, the purchaser gains the ability to "piggyback" on the registration statements filed by Turn stone Systems, Inc., if the company decides in the future to register any of its securities. This means that the purchaser can include their securities in the registration statement, allowing them to be sold alongside the company's securities. 3. Shelf Registration Rights: A shelf registration gives the purchaser the flexibility to sell their securities in small increments over an extended period, without having to file a separate registration statement each time. It enables Turn stone Systems, Inc. to have a "shelf" of registered securities that the purchaser can easily access anytime they wish to sell. 4. Lock-Up Agreement: While not strictly a type of registration rights agreement, a lock-up agreement may be included as an addendum to the registration rights agreement. It typically restricts the purchaser from selling or transferring their securities for a specified period, usually after an initial public offering (IPO), to maintain stability in the market and safeguard the interests of the issuer. In conclusion, a Philadelphia Pennsylvania Registration Rights Agreement between Turn stone Systems, Inc. and a purchaser establishes the rights and procedures for registering securities with the SEC. Depending on the agreement type, it may include demand registration rights, piggyback registration rights, shelf registration rights, and potentially a lock-up agreement. These agreements ensure transparency and compliance with securities regulations, benefiting both the issuer and the purchaser.

A Philadelphia Pennsylvania Registration Rights Agreement is a legal document that outlines the rights and obligations of both Turn stone Systems, Inc. (the issuer) and the purchaser regarding the registration of securities with the Securities and Exchange Commission (SEC). Keywords: Philadelphia Pennsylvania, Registration Rights Agreement, Turn stone Systems, Inc., purchaser, securities, SEC. This agreement is essential when a company, such as Turn stone Systems, Inc., seeks to raise capital by issuing securities, such as stocks or bonds, to the public. It ensures that the purchaser of these securities has certain rights relating to the registration of those securities with the SEC. There are different types of Philadelphia Pennsylvania Registration Rights Agreements that may be presented between Turn stone Systems, Inc. and the purchaser, including: 1. Demand Registration Rights: This type of agreement grants the purchaser the right to request the company to register their securities with the SEC. The purchaser can exercise this right whenever they wish, typically after a specified waiting period. It obligates the company to file a registration statement promptly and undertake necessary actions to register the securities. 2. Piggyback Registration Rights: With piggyback registration rights, the purchaser gains the ability to "piggyback" on the registration statements filed by Turn stone Systems, Inc., if the company decides in the future to register any of its securities. This means that the purchaser can include their securities in the registration statement, allowing them to be sold alongside the company's securities. 3. Shelf Registration Rights: A shelf registration gives the purchaser the flexibility to sell their securities in small increments over an extended period, without having to file a separate registration statement each time. It enables Turn stone Systems, Inc. to have a "shelf" of registered securities that the purchaser can easily access anytime they wish to sell. 4. Lock-Up Agreement: While not strictly a type of registration rights agreement, a lock-up agreement may be included as an addendum to the registration rights agreement. It typically restricts the purchaser from selling or transferring their securities for a specified period, usually after an initial public offering (IPO), to maintain stability in the market and safeguard the interests of the issuer. In conclusion, a Philadelphia Pennsylvania Registration Rights Agreement between Turn stone Systems, Inc. and a purchaser establishes the rights and procedures for registering securities with the SEC. Depending on the agreement type, it may include demand registration rights, piggyback registration rights, shelf registration rights, and potentially a lock-up agreement. These agreements ensure transparency and compliance with securities regulations, benefiting both the issuer and the purchaser.