Allegheny Pennsylvania Registration Rights Agreement between IGEN International, Inc. and purchasers regarding sale of shares

• Category: Corporations - Public - Rights
• State: Multi-State
• County: Allegheny
• Control #: US-EG-9343
• Format: Word; Rich Text

Description

Registration Rights Agreement between IGEN International, Inc. and purchasers regarding sale of shares dated January 11, 2000. 23 pages. Allegheny Pennsylvania Registration Rights Agreement is a legally binding document that outlines the terms and conditions between GEN International, Inc. and purchasers pertaining to the sale of shares. This agreement focuses on providing purchasers with certain rights and protections in relation to the registration of their shares under applicable securities laws. Under this agreement, GEN International, Inc. commits to registering the shares purchased by the purchasers with the Securities and Exchange Commission (SEC). This process allows the purchasers to freely sell or transfer their shares in compliance with applicable regulations. The Allegheny Pennsylvania Registration Rights Agreement includes various provisions, such as: 1. Demand Registration Rights: This type of registration right allows the purchasers to request GEN International, Inc. to register their shares for sale whenever they desire. The agreement establishes specific guidelines for making such demands, including the minimum number of shares required to initiate the registration process. 2. Shelf Registration Rights: A shelf registration allows purchasers to register their shares for potential future sales over a fixed period. This type of registration provides greater flexibility to purchasers as they can choose the timing of their share sales. It eliminates the need to make multiple individual demands for registration. 3. Piggyback Registration Rights: The agreement might also include piggyback registration rights. These rights enable purchasers to include their shares for registration in any registration statement filed by GEN International, Inc. with the SEC. It allows them to take advantage of the company's registration efforts and offer their shares to potential buyers along with the company's own shares. The Allegheny Pennsylvania Registration Rights Agreement is crucial for ensuring fairness and transparency in the sale of shares between GEN International, Inc. and purchasers. It demonstrates the company's commitment to facilitating the purchasers' ability to liquidate their investments while complying with securities regulations. By establishing clear guidelines for registration, this agreement helps to protect the purchasers' interests and minimizes the risk of potential disputes. It may also include provisions addressing indemnification, expenses, and limitations on the number of times a demand for registration can be made within a specific period. In summary, the Allegheny Pennsylvania Registration Rights Agreement is a critical legal instrument that outlines the rights and responsibilities of GEN International, Inc. and purchasers in relation to the registration and sale of shares. It ensures transparency, fair practices, and compliance with securities laws, benefiting both the company and its stakeholders.

Allegheny Pennsylvania Registration Rights Agreement is a legally binding document that outlines the terms and conditions between GEN International, Inc. and purchasers pertaining to the sale of shares. This agreement focuses on providing purchasers with certain rights and protections in relation to the registration of their shares under applicable securities laws. Under this agreement, GEN International, Inc. commits to registering the shares purchased by the purchasers with the Securities and Exchange Commission (SEC). This process allows the purchasers to freely sell or transfer their shares in compliance with applicable regulations. The Allegheny Pennsylvania Registration Rights Agreement includes various provisions, such as: 1. Demand Registration Rights: This type of registration right allows the purchasers to request GEN International, Inc. to register their shares for sale whenever they desire. The agreement establishes specific guidelines for making such demands, including the minimum number of shares required to initiate the registration process. 2. Shelf Registration Rights: A shelf registration allows purchasers to register their shares for potential future sales over a fixed period. This type of registration provides greater flexibility to purchasers as they can choose the timing of their share sales. It eliminates the need to make multiple individual demands for registration. 3. Piggyback Registration Rights: The agreement might also include piggyback registration rights. These rights enable purchasers to include their shares for registration in any registration statement filed by GEN International, Inc. with the SEC. It allows them to take advantage of the company's registration efforts and offer their shares to potential buyers along with the company's own shares. The Allegheny Pennsylvania Registration Rights Agreement is crucial for ensuring fairness and transparency in the sale of shares between GEN International, Inc. and purchasers. It demonstrates the company's commitment to facilitating the purchasers' ability to liquidate their investments while complying with securities regulations. By establishing clear guidelines for registration, this agreement helps to protect the purchasers' interests and minimizes the risk of potential disputes. It may also include provisions addressing indemnification, expenses, and limitations on the number of times a demand for registration can be made within a specific period. In summary, the Allegheny Pennsylvania Registration Rights Agreement is a critical legal instrument that outlines the rights and responsibilities of GEN International, Inc. and purchasers in relation to the registration and sale of shares. It ensures transparency, fair practices, and compliance with securities laws, benefiting both the company and its stakeholders.