Franklin Ohio Registration Rights Agreement is a legal document that outlines the rights and obligations of parties involved in the purchase of convertible subordinated debentures in Franklin, Ohio. This agreement is crucial in protecting the interests of investors, providing them with certain privileges and assurances. Specifically, the Registration Rights Agreement grants the debenture holders the right to request the registration of their convertible subordinated debentures with the Securities and Exchange Commission (SEC). By registering these debentures, the holders will be able to freely sell or transfer them in the public market, ensuring liquidity and potentially maximizing their returns on investment. There are two types of Franklin Ohio Registration Rights Agreements related to the purchase of convertible subordinated debentures: 1. Standard Registration Rights Agreement: This agreement generally provides the basic registration rights to the debenture holders. It ensures that the issuer of the debentures, usually a corporation or a government entity, will undertake all necessary actions to register the debentures with the SEC within a certain period of time. This agreement may also include provisions regarding the costs and expenses associated with the registration process. 2. Demand Registration Rights Agreement: This type of agreement grants the debenture holders an additional right to demand the registration of their debentures with the SEC. The debenture holders can exercise this right at any time, subject to certain conditions specified in the agreement. The issuer is obligated to fulfill the demand within a specified timeframe, typically within 60 to 90 days. This type of agreement is often sought by institutional investors or larger debenture holders who wish to have more control over the timing of the registration process. In summary, the Franklin Ohio Registration Rights Agreement is a contractual agreement between the issuer of convertible subordinated debentures and the debenture holders. It ensures that the debenture holders have the right to request and demand the registration of their debentures with the SEC, granting them the ability to freely sell or transfer their investments. The two types of agreements, standard and demand registration, provide different levels of rights and obligations depending on the preferences and requirements of the parties involved in the transaction.