Queens 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: Queens
• 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. Queens New York Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares is a legal document that outlines the rights and obligations of both the company and the common shareholders regarding registration of securities. This agreement ensures transparency and fairness in the process of offering and selling securities to the public. Key provisions in the Queens New York Registration Rights Agreement include: 1. Registration Procedure: The agreement describes the steps involved in registering the common shares with the appropriate regulatory bodies, such as the Securities and Exchange Commission (SEC). It outlines the timeline, responsibilities, and costs associated with the registration process. 2. Demand Registration Rights: This provision grants the common shareholders the right to request Visible Genetics, Inc. to register their shares with the SEC. The agreement specifies the conditions under which the company is obligated to undertake the registration, such as a minimum number of shares being requested for registration. 3. Piggyback Registration Rights: Under this provision, the common shareholders have the opportunity to "piggyback" on registration statements filed by the company for its securities, allowing them to include their shares in the offerings. This provision ensures that common shareholders have the same opportunity to sell their shares as the company itself. 4. Shelf Registration: The agreement may include a provision for shelf registration, allowing Visible Genetics, Inc. to register the common shares in advance without an immediate offering. This allows the company to have flexibility in timing future offerings and enables the common shareholders to sell their shares without facing delays. 5. Lock-Up Period: In instances where the common shares offered have recently been issued or sold to the purchasers, the agreement may include a lock-up period. This period restricts the purchasers from selling or transferring their shares for a specified period of time. This provision helps maintain price stability and promotes confidence in the market. It is worth noting that the specifics of the Queens New York Registration Rights Agreement may vary depending on the terms negotiated between Visible Genetics, Inc. and the purchasers of common shares. Different types or variations of registration rights agreements may exist, tailored to meet specific needs or circumstances of the parties involved. However, the key provisions mentioned above are common components found in many registration rights agreements.

Queens New York Registration Rights Agreement between Visible Genetics, Inc. and the purchasers of common shares is a legal document that outlines the rights and obligations of both the company and the common shareholders regarding registration of securities. This agreement ensures transparency and fairness in the process of offering and selling securities to the public. Key provisions in the Queens New York Registration Rights Agreement include: 1. Registration Procedure: The agreement describes the steps involved in registering the common shares with the appropriate regulatory bodies, such as the Securities and Exchange Commission (SEC). It outlines the timeline, responsibilities, and costs associated with the registration process. 2. Demand Registration Rights: This provision grants the common shareholders the right to request Visible Genetics, Inc. to register their shares with the SEC. The agreement specifies the conditions under which the company is obligated to undertake the registration, such as a minimum number of shares being requested for registration. 3. Piggyback Registration Rights: Under this provision, the common shareholders have the opportunity to "piggyback" on registration statements filed by the company for its securities, allowing them to include their shares in the offerings. This provision ensures that common shareholders have the same opportunity to sell their shares as the company itself. 4. Shelf Registration: The agreement may include a provision for shelf registration, allowing Visible Genetics, Inc. to register the common shares in advance without an immediate offering. This allows the company to have flexibility in timing future offerings and enables the common shareholders to sell their shares without facing delays. 5. Lock-Up Period: In instances where the common shares offered have recently been issued or sold to the purchasers, the agreement may include a lock-up period. This period restricts the purchasers from selling or transferring their shares for a specified period of time. This provision helps maintain price stability and promotes confidence in the market. It is worth noting that the specifics of the Queens New York Registration Rights Agreement may vary depending on the terms negotiated between Visible Genetics, Inc. and the purchasers of common shares. Different types or variations of registration rights agreements may exist, tailored to meet specific needs or circumstances of the parties involved. However, the key provisions mentioned above are common components found in many registration rights agreements.