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Registration Rights Agreement

 

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Title:

Registration Rights Agreement

Entities:

Banc of America Securities LLC; CIBC World Markets Corp.; Scotia Capital (USA) Inc.; Stratos Holdings, Inc.

Date:

2006

Size:

Preview shows 8KB of 74KB total

Price:

$38

ID:

#2511670

 

 

► Corporate ► Rights ► Registration Rights Agreements
► Financial

 

 

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REGISTRATION RIGHTS AGREEMENT
by and among
Stratos Global Corporation
and
the Guarantors listed on Schedule A hereto
and
RBC Capital Markets Corporation
Banc of America Securities LLC
CIBC World Markets Corp.

Scotia Capital (USA) Inc.
Dated as of February 13, 2006

 


 

REGISTRATION RIGHTS AGREEMENT
     This Registration Rights Agreement (this Agreement) is made and entered into as of February 13, 2006, by and among Stratos Global Corporation, a Canadian corporation (the Company), the Guarantors (collectively, the Guarantors), and RBC Capital Markets Corporation, Banc of America Securities LLC, CIBC World Markets Corp. and Scotia Capital (USA) Inc. (collectively, the Initial Purchasers), each of whom has agreed to purchase the Companys 97/8% Senior Notes due 2013 (the Initial Notes) fully and unconditionally guaranteed by the Guarantors (the Guarantees) pursuant to the Purchase Agreement (as defined below). The Initial Notes and the Guarantees attached thereto are herein collectively referred to as the Initial Securities.
     This Agreement is made pursuant to the Purchase Agreement, dated February 8, 2006 (the Purchase Agreement), among the Company, the Guarantors and the Initial Purchasers (i) for the benefit of the Initial Purchasers and (ii) for the benefit of the holders from time to time of the Initial Securities, including the Initial Purchasers. In order to induce the Initial Purchasers to purchase the Initial Securities, the Company has agreed to provide the registration rights set forth in this Agreement. The execution and delivery of this Agreement is a condition to the obligations of the Initial Purchasers set forth in Section 6(i) of the Purchase Agreement.
     The parties hereby agree as follows:
     SECTION 1. Definitions. As used in this Agreement, the following capitalized terms shall have the following meanings:
     Broker-Dealer: Any broker or dealer registered under the Exchange Act.
     Business Day: Any day other than a Saturday, Sunday or U.S. federal holiday or a day on which banking institutions or trust companies located in New York, New York are authorized or obligated to be closed.
     Closing Date: The date of this Agreement.
     Commission: The Securities and Exchange Commission.
     Consummate: A registered Exchange Offer shall be deemed Consummated for purposes of this Agreement upon the occurrence of (i) the filing and effectiveness under the Securities Act of the Exchange Offer Registration Statement relating to the Exchange Securities to be issued in the Exchange Offer evidencing the same indebtedness as the Initial Securities, (ii) the maintenance of such Registration Statement continuously effective and the keeping of the Exchange Offer open for a period not less than the minimum period required pursuant to Section 3(b) hereof, and (iii) the delivery by the Company to the Registrar under the Indenture of Exchange Securities in the same aggregate principal amount as the aggregate principal amount of Initial Securities that were tendered by Holders thereof pursuant to the Exchange Offer as of the original expiration date of the Exchange Offer.
     Effectiveness Target Date: As defined in Section 5 hereof.

 


 

     Exchange Act: The Securities Exchange Act of 1934, as amended.
     Exchange Offer: The registration by the Company under the Securities Act of the Exchange Securities pursuant to a Registration Statement pursuant to which the Company offers the Holders of all outstanding Transfer Restricted Securities the opportunity to exchange all such outstanding Transfer Restricted Securities held by such Holders for Exchange Securities in an aggregate principal amount equal to the aggregate principal amount of the Transfer Restricted Securities tendered in such exchange offer by such Holders and evidencing the same indebtedness as the Transfer Restricted Securities.
     Exchange Offer Registration Statement: The Registration Statement relating to the Exchange Offer, including the related Prospectus.
     Exchange Securities: The 97/8% Senior Notes due 2013, of the same series under the Indenture as the Initial Notes and the Guarantees attached thereto, to be issued to Holders in exchange for and to evidence the same indebtedness as the Transfer Restricted Securities pursuant to this Agreement.
     Holders: As defined in Section 2(b) hereof.
     Indemnified Holder: As defined in Section 8(a) hereof.
     Indenture: The Indenture, dated as of February 13, 2006, by and among the Company, the Guarantors and J.P. Morgan Trust Company, National Association, as trustee (the Trustee), pursuant to which the Securities are to be issued, as such Indenture is amended or supplemented from time to time in accordance with the terms thereof.
     Initial Purchasers: As defined in the preamble hereto.

 

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