Philadelphia Pennsylvania Amendment No. 1 to Registration Rights Agreement between Turnstone Systems, Inc. and purchaser

• Category: Corporations - Public - Rights
• State: Multi-State
• County: Philadelphia
• Control #: US-EG-9137
• Format: Word; Rich Text

Description

Amendment No. 1 to Registration Rights Agreement between Turnstone Systems, Inc. and purchaser dated January 12, 1998. 6 pages Philadelphia Pennsylvania Amendment No. 1 to the Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser is a legal document that outlines the modifications made to the original agreement. This amendment aims to address specific issues or concerns raised by either party and provides updated terms and conditions regarding the registration of securities. The purpose of the Registration Rights Agreement is to define the rights and obligations of the purchaser in terms of registering their securities with the relevant regulatory authorities. By registering the securities, the purchaser gains the ability to freely sell or transfer them in the public market, subject to certain restrictions and conditions outlined in the agreement. Philadelphia Pennsylvania Amendment No. 1 introduces changes to the original agreement, which could vary depending on the specific requirements of the parties involved. While the precise details of this amendment may differ, it typically includes the following key elements: 1. Expansion of Registration Rights: This amendment may grant the purchaser additional or enhanced rights to register their securities. It may broaden the scope for registration, increase the number of securities eligible for registration, or provide additional registration periods. 2. Acceleration of Registration: The amendment might introduce provisions allowing the purchaser to expedite the registration process. This could be beneficial if there is a need for quick access to public markets or if there are time-sensitive opportunities. 3. Flexibility in Registration Method: The amendment may introduce alternative registration methods, such as a shelf registration or an underwritten offering, giving the purchaser more flexibility in choosing the most suitable method for their securities. 4. Removal of Restrictions: The amendment may eliminate or modify certain restrictions imposed on the purchaser regarding the registration and sale of their securities. This could include restrictions related to lock-up periods, blackout periods, or limitations on the number of securities that can be registered. 5. Termination or Expiration: The amendment may introduce provisions detailing the circumstances under which the amended agreement will terminate or expire. This ensures clarity and provides a definitive end to the agreement once all obligations have been fulfilled. It is important to note that the specifics of Philadelphia Pennsylvania Amendment No. 1 to the Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser can only be fully understood by referring directly to the actual document. The content and modifications may vary based on the parties' negotiations and requirements, as well as applicable laws and regulatory frameworks.

Philadelphia Pennsylvania Amendment No. 1 to the Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser is a legal document that outlines the modifications made to the original agreement. This amendment aims to address specific issues or concerns raised by either party and provides updated terms and conditions regarding the registration of securities. The purpose of the Registration Rights Agreement is to define the rights and obligations of the purchaser in terms of registering their securities with the relevant regulatory authorities. By registering the securities, the purchaser gains the ability to freely sell or transfer them in the public market, subject to certain restrictions and conditions outlined in the agreement. Philadelphia Pennsylvania Amendment No. 1 introduces changes to the original agreement, which could vary depending on the specific requirements of the parties involved. While the precise details of this amendment may differ, it typically includes the following key elements: 1. Expansion of Registration Rights: This amendment may grant the purchaser additional or enhanced rights to register their securities. It may broaden the scope for registration, increase the number of securities eligible for registration, or provide additional registration periods. 2. Acceleration of Registration: The amendment might introduce provisions allowing the purchaser to expedite the registration process. This could be beneficial if there is a need for quick access to public markets or if there are time-sensitive opportunities. 3. Flexibility in Registration Method: The amendment may introduce alternative registration methods, such as a shelf registration or an underwritten offering, giving the purchaser more flexibility in choosing the most suitable method for their securities. 4. Removal of Restrictions: The amendment may eliminate or modify certain restrictions imposed on the purchaser regarding the registration and sale of their securities. This could include restrictions related to lock-up periods, blackout periods, or limitations on the number of securities that can be registered. 5. Termination or Expiration: The amendment may introduce provisions detailing the circumstances under which the amended agreement will terminate or expire. This ensures clarity and provides a definitive end to the agreement once all obligations have been fulfilled. It is important to note that the specifics of Philadelphia Pennsylvania Amendment No. 1 to the Registration Rights Agreement between Turn stone Systems, Inc. and the purchaser can only be fully understood by referring directly to the actual document. The content and modifications may vary based on the parties' negotiations and requirements, as well as applicable laws and regulatory frameworks.