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

• Category: Corporations - Public - Rights
• State: Multi-State
• County: Franklin
• 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 Franklin Ohio Registration Rights Agreement is a legal document that establishes the rights and obligations between Visible Genetics, Inc. (the "Company") and its purchasers of common shares located in Franklin, Ohio. This agreement outlines the terms and conditions associated with the registration of these common shares, providing clarity and guidance for both parties involved. One type of Franklin Ohio Registration Rights Agreement may be the "Standard Registration Rights Agreement." This agreement is the most common and straightforward type. It ensures that the purchasers of common shares have the right to request the registration of their shares with the Securities and Exchange Commission (SEC) for public sale. Visible Genetics, Inc. agrees to accommodate these registration requests by filing the necessary documents and meeting the requirements specified by the SEC. In addition to the Standard Registration Rights Agreement, there may be variations or modifications based on the specific circumstances of the transaction. These could include: 1. "Demand Registration Rights Agreement": This agreement grants the purchasers the right to request the Company to file a registration statement with the SEC. However, the Company has the option to decline the request under certain circumstances, such as if the Company recently completed a registration or if certain financial thresholds are not met. 2. "Piggyback Registration Rights Agreement": This type of agreement provides the purchasers with the opportunity to include their common shares in a registration statement filed by the Company or other holders of securities. If the Company plans to register its shares, the purchasers are given the privilege to "piggyback" on that registration, thereby gaining the ability to offer their shares for sale to the public alongside the Company. The Franklin Ohio Registration Rights Agreement typically covers various important elements, including the mechanics of the registration process, the expenses related to the registration, and the indemnification provisions protecting both parties from potential liabilities arising from the registration. It is crucial for both parties involved in the agreement to thoroughly understand their rights, obligations, and limitations to ensure a smoother registration process and protect their interests. The Franklin Ohio Registration Rights Agreement acts as a legally binding document that establishes clear guidelines and requirements for Visible Genetics, Inc. and the purchasers of common shares located in Franklin, Ohio.

The Franklin Ohio Registration Rights Agreement is a legal document that establishes the rights and obligations between Visible Genetics, Inc. (the "Company") and its purchasers of common shares located in Franklin, Ohio. This agreement outlines the terms and conditions associated with the registration of these common shares, providing clarity and guidance for both parties involved. One type of Franklin Ohio Registration Rights Agreement may be the "Standard Registration Rights Agreement." This agreement is the most common and straightforward type. It ensures that the purchasers of common shares have the right to request the registration of their shares with the Securities and Exchange Commission (SEC) for public sale. Visible Genetics, Inc. agrees to accommodate these registration requests by filing the necessary documents and meeting the requirements specified by the SEC. In addition to the Standard Registration Rights Agreement, there may be variations or modifications based on the specific circumstances of the transaction. These could include: 1. "Demand Registration Rights Agreement": This agreement grants the purchasers the right to request the Company to file a registration statement with the SEC. However, the Company has the option to decline the request under certain circumstances, such as if the Company recently completed a registration or if certain financial thresholds are not met. 2. "Piggyback Registration Rights Agreement": This type of agreement provides the purchasers with the opportunity to include their common shares in a registration statement filed by the Company or other holders of securities. If the Company plans to register its shares, the purchasers are given the privilege to "piggyback" on that registration, thereby gaining the ability to offer their shares for sale to the public alongside the Company. The Franklin Ohio Registration Rights Agreement typically covers various important elements, including the mechanics of the registration process, the expenses related to the registration, and the indemnification provisions protecting both parties from potential liabilities arising from the registration. It is crucial for both parties involved in the agreement to thoroughly understand their rights, obligations, and limitations to ensure a smoother registration process and protect their interests. The Franklin Ohio Registration Rights Agreement acts as a legally binding document that establishes clear guidelines and requirements for Visible Genetics, Inc. and the purchasers of common shares located in Franklin, Ohio.