Examples of Equity Registration Rights Agreement in a sentence
The term ‘‘Registration Rights Agreement’’ means the Equity Registration Rights Agreement by and among New Chrysler, the Treasury Department, Canada, the VEBA Trust and Chrysler LLC, entered into on June 10, 2009.
The holders of such equity and debt securities and certain other affiliates of the Reorganized Company shall receive registration rights as set forth in the Equity Registration Rights Agreement and the Debt Registration Rights Agreement, respectively.
Additionally, pursuant to the terms of the New Chrysler Shareholders Agreement and the New GM Equity Registration Rights Agreement, each time New Chrysler or New GM proposes to offer any equity securities in a registered underwritten offering under the Securities Act, they must provide each holder (including Treasury) with the opportunity to include any or all of their registrable securities in such offering (“piggyback offering”).
Id. at Section 3.2(a)(ii).The New GM Stockholders Agreement directs Treasury to use its reasonable best efforts to exercise “[its] demand registration rights under the Equity Registration Rights Agreement and require an IPO to occur” by July 10, 2010 (one year from the date of the Stockholders Agreement).
Holders of New Common Stock shall be entitled to registration rights pursuant to the Equity Registration Rights Agreement.