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

• Category: Corporations - Public - Rights
• State: Multi-State
• County: Travis
• 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 Travis Texas Registration Rights Agreement is a legally binding document that governs the rights and obligations of parties involved in the purchase of convertible subordinated debentures. These debentures are a form of debt instrument that can be converted into shares of the issuer's common stock. The Registration Rights Agreement ensures that the purchasers of these convertible subordinated debentures have the right to request the issuer to register the shares underlying the debentures with the appropriate regulatory authorities. This registration process allows these shares to be publicly traded, providing liquidity and allowing investors to sell or trade their shares. The agreement outlines the specific terms and conditions for exercising these registration rights, including timelines, notice requirements, and expenses related to the registration process. It also provides protection for the investors by obligating the issuer to maintain the effectiveness of the registration statement and to disclose any material events or information that may impact the value of the debentures or shares. Additionally, the Travis Texas Registration Rights Agreement may include provisions for piggyback registration rights. This means that if the issuer plans to register any additional securities for public sale in the future, the debenture holders have the right to include their shares in the registration, allowing them to take advantage of the registration process without incurring substantial additional costs. Furthermore, there may be different types of Travis Texas Registration Rights Agreements based on factors such as the size of the offering, the specific needs of the issuer and investors, and the applicable securities regulations. Some variations may include specific provisions related to demand registration rights, shelf registration rights, or delayed registration rights. These variations cater to the unique circumstances and priorities of the parties involved in the debenture purchase. In conclusion, the Travis Texas Registration Rights Agreement is a vital legal framework that provides protection and flexibility for both issuers and investors involved in the purchase of convertible subordinated debentures. It safeguards the investors' rights to register, sell, or trade their shares and ensures that the issuer adheres to relevant regulatory requirements.

Travis Texas Registration Rights Agreement is a legally binding document that governs the rights and obligations of parties involved in the purchase of convertible subordinated debentures. These debentures are a form of debt instrument that can be converted into shares of the issuer's common stock. The Registration Rights Agreement ensures that the purchasers of these convertible subordinated debentures have the right to request the issuer to register the shares underlying the debentures with the appropriate regulatory authorities. This registration process allows these shares to be publicly traded, providing liquidity and allowing investors to sell or trade their shares. The agreement outlines the specific terms and conditions for exercising these registration rights, including timelines, notice requirements, and expenses related to the registration process. It also provides protection for the investors by obligating the issuer to maintain the effectiveness of the registration statement and to disclose any material events or information that may impact the value of the debentures or shares. Additionally, the Travis Texas Registration Rights Agreement may include provisions for piggyback registration rights. This means that if the issuer plans to register any additional securities for public sale in the future, the debenture holders have the right to include their shares in the registration, allowing them to take advantage of the registration process without incurring substantial additional costs. Furthermore, there may be different types of Travis Texas Registration Rights Agreements based on factors such as the size of the offering, the specific needs of the issuer and investors, and the applicable securities regulations. Some variations may include specific provisions related to demand registration rights, shelf registration rights, or delayed registration rights. These variations cater to the unique circumstances and priorities of the parties involved in the debenture purchase. In conclusion, the Travis Texas Registration Rights Agreement is a vital legal framework that provides protection and flexibility for both issuers and investors involved in the purchase of convertible subordinated debentures. It safeguards the investors' rights to register, sell, or trade their shares and ensures that the issuer adheres to relevant regulatory requirements.