Kings New York Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares of the company

• Category: Corporations - Public - Rights
• State: Multi-State
• County: Kings
• 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 Kings New York Registration Rights Agreement is a legal document that governs the rights and obligations of Visible Genetics, Inc. and the purchasers of common shares of the company regarding the registration of those shares with the Securities and Exchange Commission (SEC). This agreement grants certain rights to the purchasers to have their shares registered with the SEC, thereby allowing them to freely trade or sell their shares in the market. These registration rights ensure the liquidity and marketability of the common shares of the company. The agreement outlines the different types of registration rights available to the purchasers of common shares. These may include demand registration rights, piggyback registration rights, and shelf registration rights. Demand registration rights enable the purchasers to request Visible Genetics, Inc. to register their shares with the SEC within a specified timeframe. This type of registration is initiated by the shareholder and is often used when the shareholder wants to sell a significant number of shares in the market. Piggyback registration rights allow the purchasers to "piggyback" on the company's own registration statement. In other words, if Visible Genetics, Inc. decides to register any of its securities with the SEC, the purchasers can include their shares in that registration. This allows them to take advantage of the company's registration efforts and associated costs. Shelf registration rights provide the purchasers with the option to have their shares registered in advance, without immediate intentions to sell. This flexibility allows them to sell their shares quickly when market conditions become favorable, without being subject to the usual waiting period for registration. The Kings New York Registration Rights Agreement also encompasses provisions related to the mechanics of registration, including the financial responsibilities of the company, the filing process, and the requirements for withdrawal or suspension of a registration statement. It is important to note that the specific terms and conditions of the Kings New York Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares may vary based on the negotiations between the parties involved. Therefore, it is always advisable to review the precise content of the agreement itself for a comprehensive understanding of the rights and obligations outlined within.

The Kings New York Registration Rights Agreement is a legal document that governs the rights and obligations of Visible Genetics, Inc. and the purchasers of common shares of the company regarding the registration of those shares with the Securities and Exchange Commission (SEC). This agreement grants certain rights to the purchasers to have their shares registered with the SEC, thereby allowing them to freely trade or sell their shares in the market. These registration rights ensure the liquidity and marketability of the common shares of the company. The agreement outlines the different types of registration rights available to the purchasers of common shares. These may include demand registration rights, piggyback registration rights, and shelf registration rights. Demand registration rights enable the purchasers to request Visible Genetics, Inc. to register their shares with the SEC within a specified timeframe. This type of registration is initiated by the shareholder and is often used when the shareholder wants to sell a significant number of shares in the market. Piggyback registration rights allow the purchasers to "piggyback" on the company's own registration statement. In other words, if Visible Genetics, Inc. decides to register any of its securities with the SEC, the purchasers can include their shares in that registration. This allows them to take advantage of the company's registration efforts and associated costs. Shelf registration rights provide the purchasers with the option to have their shares registered in advance, without immediate intentions to sell. This flexibility allows them to sell their shares quickly when market conditions become favorable, without being subject to the usual waiting period for registration. The Kings New York Registration Rights Agreement also encompasses provisions related to the mechanics of registration, including the financial responsibilities of the company, the filing process, and the requirements for withdrawal or suspension of a registration statement. It is important to note that the specific terms and conditions of the Kings New York Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares may vary based on the negotiations between the parties involved. Therefore, it is always advisable to review the precise content of the agreement itself for a comprehensive understanding of the rights and obligations outlined within.