Montgomery Maryland Registration Rights Agreement is a legal document that outlines the rights and obligations relating to the purchase of convertible subordinated debentures in Montgomery, Maryland. This agreement grants certain rights to the debenture holders regarding the registration of their securities with the Securities and Exchange Commission (SEC). The purpose of the Montgomery Maryland Registration Rights Agreement is to ensure that the convertible subordinated debenture holders have the ability to offer and sell their securities to the public in an efficient and timely manner. It provides protection for the debenture holders by requiring the issuer to register the debentures with the SEC and keep the registration statement effective until the debentures are no longer outstanding or freely transferable. Under this agreement, the issuer promises to file a registration statement with the SEC and use its reasonable best efforts to have it become effective. The issuer also agrees to supply the debenture holders with necessary information and assist in the preparation of the registration statement. Additionally, the issuer is obligated to keep the registration statement updated and respond to SEC comments. By registering the debentures, the debenture holders have the ability to freely sell their securities in the open market without restrictions. This increases liquidity and marketability for the debentures, making them a more attractive investment option. There are three main types of Montgomery Maryland Registration Rights Agreements regarding the purchase of convertible subordinated debentures: 1. Demand Registration Rights Agreement: This type of agreement allows the debenture holders to initiate the registration process by making a written request to the issuer. The issuer is then obligated to effect the registration within a certain timeframe specified in the agreement. 2. Piggyback Registration Rights Agreement: This agreement grants the debenture holders the right to "piggyback" on the issuer's registration statement. If the issuer decides to register any of its securities for public offering, the debenture holders have the option to include their debentures in the registration, enabling them to sell their securities alongside the issuer's securities. 3. Shelf Registration Rights Agreement: This type of agreement allows the debenture holders to have their securities registered on a shelf registration statement. This means that the debenture holders can sell their securities in multiple offerings over time without needing to file a separate registration statement for each offering. In conclusion, the Montgomery Maryland Registration Rights Agreement regarding the purchase of convertible subordinated debentures grants certain rights to the debenture holders, allowing them to register their securities and sell them in a more efficient and timely manner. The different types of agreements include demand registration rights, piggyback registration rights, and shelf registration rights.