Houston Texas Registration Rights Agreement regarding the purchase of convertible subordinated debentures

• Category: Corporations - Public - Rights
• State: Multi-State
• City: Houston
• Control #: US-EG-9287
• Format: Word; Rich Text

Description

Resale Registration Rights Agreement between Inhale Therapeutic Systems, Inc., Lehman Brothers, Inc., Deutsche Bank Securities, Inc. and U.S. Bankcorp Piper Jeffay, Inc. regarding the purchase of 6 3/4% convertible subordinated debentures dated October Houston Texas Registration Rights Agreement is a legal document that governs the rights and obligations related to the registration of convertible subordinated debentures purchased by investors in Houston, Texas. This agreement ensures that investors have the opportunity to register their securities with the appropriate regulatory authorities, providing them with greater liquidity and the ability to sell their investments in the future. In terms of the types of Houston Texas Registration Rights Agreement, there are two common types: "Piggyback" and "Demand" registration rights. 1. Piggyback Registration Rights: This type of agreement grants the investor the right to include their securities in a registration statement filed by the issuer. If the issuer intends to register securities for any reason, such as for an initial public offering (IPO) or a secondary offering, the investor with piggyback rights can request their securities to be included as well. This allows the investor to "piggyback" on the issuer's registration and benefit from the increased marketability of their investment. 2. Demand Registration Rights: Under this type of agreement, the investor has the right to demand that the issuer register their securities with the appropriate regulatory authorities. The investor can request registration based on specific criteria, such as a minimum number or value of securities. The issuer is then obligated to fulfill this demand and proceed with the registration process. This type of registration right gives the investor more control over the timing and process of registering their securities, allowing them to take advantage of market conditions or potential exit strategies. In summary, the Houston Texas Registration Rights Agreement for the purchase of convertible subordinated debentures is a vital contractual arrangement that safeguards the interests of investors. It provides them with the opportunity to register their securities either through piggyback rights, alongside the issuer's registration, or through demand rights, where the investor can compel the issuer to register their securities. These agreements play a significant role in maintaining transparency and liquidity in the market, empowering investors with greater flexibility and potential financial returns.

Houston Texas Registration Rights Agreement is a legal document that governs the rights and obligations related to the registration of convertible subordinated debentures purchased by investors in Houston, Texas. This agreement ensures that investors have the opportunity to register their securities with the appropriate regulatory authorities, providing them with greater liquidity and the ability to sell their investments in the future. In terms of the types of Houston Texas Registration Rights Agreement, there are two common types: "Piggyback" and "Demand" registration rights. 1. Piggyback Registration Rights: This type of agreement grants the investor the right to include their securities in a registration statement filed by the issuer. If the issuer intends to register securities for any reason, such as for an initial public offering (IPO) or a secondary offering, the investor with piggyback rights can request their securities to be included as well. This allows the investor to "piggyback" on the issuer's registration and benefit from the increased marketability of their investment. 2. Demand Registration Rights: Under this type of agreement, the investor has the right to demand that the issuer register their securities with the appropriate regulatory authorities. The investor can request registration based on specific criteria, such as a minimum number or value of securities. The issuer is then obligated to fulfill this demand and proceed with the registration process. This type of registration right gives the investor more control over the timing and process of registering their securities, allowing them to take advantage of market conditions or potential exit strategies. In summary, the Houston Texas Registration Rights Agreement for the purchase of convertible subordinated debentures is a vital contractual arrangement that safeguards the interests of investors. It provides them with the opportunity to register their securities either through piggyback rights, alongside the issuer's registration, or through demand rights, where the investor can compel the issuer to register their securities. These agreements play a significant role in maintaining transparency and liquidity in the market, empowering investors with greater flexibility and potential financial returns.