Collin Texas Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares of the company

• Category: Corporations - Public - Rights
• State: Multi-State
• County: Collin
• Control #: US-EG-9209
• Format: Word; Rich Text

Description

Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares of the company (investors) regarding sale of shares dated December 14, 1999. 13 pages. The Collin Texas Registration Rights Agreement is a legal document that outlines the rights and obligations between Visible Genetics, Inc. and the purchasers of common shares. This agreement ensures that the purchasers have the right to request and obtain the registration of their shares with the Securities and Exchange Commission (SEC) in accordance with applicable securities laws. Under the Collin Texas Registration Rights Agreement, Visible Genetics, Inc. agrees to bear the expenses associated with the registration process, including legal and accounting fees. The agreement also specifies the conditions under which Visible Genetics, Inc. is obligated to file a registration statement, such as the threshold number of shares that need to be requested for registration. Furthermore, the agreement typically sets forth certain limitations and restrictions on the purchasers' ability to transfer or sell their shares during the registration process, ensuring compliance with applicable laws. This provision helps protect Visible Genetics, Inc. from potential market instability caused by a sudden influx of registered shares. In addition to the standard Collin Texas Registration Rights Agreement, there may be variations or additional types of agreements specific to the circumstances of the transaction. Some possible types of Collin Texas Registration Rights Agreements between Visible Genetics, Inc. and the purchasers of common shares include: 1. Piggyback Registration Rights: This type of agreement allows the purchasers to include their shares in a registration statement filed by Visible Genetics, Inc. for another purpose, such as an initial public offering (IPO). It enables the purchasers to take advantage of an existing registration process rather than initiating a separate registration. 2. Demand Registration Rights: These rights grant the purchasers the ability to require Visible Genetics, Inc. to file a registration statement for the purchasers' shares at their request. The purchasers can exercise this right within a specified period, ensuring they have the option to register their shares when they desire liquidity. 3. Shelf Registration Rights: In certain cases, Visible Genetics, Inc. may grant the purchasers the right to include their shares in a shelf registration statement. This allows the purchasers to offer and sell their shares over a period of time, rather than all at once, providing flexibility and potentially reducing market impact. It is important to note that the specific terms and conditions of the Collin Texas Registration Rights Agreement will vary depending on the nature of the transaction and the parties involved. Parties should consult legal professionals to ensure compliance and tailored agreements that meet their specific needs within the context of Collin Texas regulations and laws.

The Collin Texas Registration Rights Agreement is a legal document that outlines the rights and obligations between Visible Genetics, Inc. and the purchasers of common shares. This agreement ensures that the purchasers have the right to request and obtain the registration of their shares with the Securities and Exchange Commission (SEC) in accordance with applicable securities laws. Under the Collin Texas Registration Rights Agreement, Visible Genetics, Inc. agrees to bear the expenses associated with the registration process, including legal and accounting fees. The agreement also specifies the conditions under which Visible Genetics, Inc. is obligated to file a registration statement, such as the threshold number of shares that need to be requested for registration. Furthermore, the agreement typically sets forth certain limitations and restrictions on the purchasers' ability to transfer or sell their shares during the registration process, ensuring compliance with applicable laws. This provision helps protect Visible Genetics, Inc. from potential market instability caused by a sudden influx of registered shares. In addition to the standard Collin Texas Registration Rights Agreement, there may be variations or additional types of agreements specific to the circumstances of the transaction. Some possible types of Collin Texas Registration Rights Agreements between Visible Genetics, Inc. and the purchasers of common shares include: 1. Piggyback Registration Rights: This type of agreement allows the purchasers to include their shares in a registration statement filed by Visible Genetics, Inc. for another purpose, such as an initial public offering (IPO). It enables the purchasers to take advantage of an existing registration process rather than initiating a separate registration. 2. Demand Registration Rights: These rights grant the purchasers the ability to require Visible Genetics, Inc. to file a registration statement for the purchasers' shares at their request. The purchasers can exercise this right within a specified period, ensuring they have the option to register their shares when they desire liquidity. 3. Shelf Registration Rights: In certain cases, Visible Genetics, Inc. may grant the purchasers the right to include their shares in a shelf registration statement. This allows the purchasers to offer and sell their shares over a period of time, rather than all at once, providing flexibility and potentially reducing market impact. It is important to note that the specific terms and conditions of the Collin Texas Registration Rights Agreement will vary depending on the nature of the transaction and the parties involved. Parties should consult legal professionals to ensure compliance and tailored agreements that meet their specific needs within the context of Collin Texas regulations and laws.