Harris Texas Registration Rights Agreement is a legal document that outlines the rights and obligations of the parties involved in the purchase of convertible subordinated debentures in Harris County, Texas. This agreement grants certain registration rights to the debenture holders, allowing them to register their securities with the appropriate regulatory authorities. The main purpose of the Harris Texas Registration Rights Agreement is to provide protection and benefits for investors who hold convertible subordinated debentures. By granting registration rights, the agreement allows debenture holders to have their securities registered for public sale, thereby enhancing their liquidity and potential return on investment. With this agreement, debenture holders have the ability to demand that the issuer of the debentures file a registration statement with the Securities and Exchange Commission (SEC) or other regulatory bodies. This registration statement provides detailed information about the company and the debentures being offered, enabling potential buyers to make more informed investment decisions. The Harris Texas Registration Rights Agreement may include provisions for piggyback registration rights, which allow debenture holders to include their securities in a registration statement filed by the issuer for other securities offerings. This provision allows debenture holders to tap into the benefits of an already planned registration process, saving time and costs. Another type of Harris Texas Registration Rights Agreement related to the purchase of convertible subordinated debentures is a "demand" or "demand-and-piggyback" registration rights agreement. In this type of agreement, debenture holders have the power to trigger the registration process by submitting a written demand to the issuer, stipulating their intent to register their securities. The agreement then requires the issuer to use its best efforts to register the requested securities within a specified timeframe. It's important to note that the specific terms and conditions of the Harris Texas Registration Rights Agreement may vary depending on the negotiated terms between the parties involved. Therefore, it is essential to carefully review the agreement to ensure a comprehensive understanding of the rights and obligations outlined within it.