Certain Agreements of the Company. The Company agrees with the several Underwriters that: (a) The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and consented to by the Representative, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433. (b) The Company will promptly advise the Representative of any proposal to amend or supplement the Registration Statement or any Statutory Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any such amendment or supplement; and the Company will also advise the Representative promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, to obtain as soon as possible the withdrawal thereof. (c) If, at any time when a prospectus relating to the Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative of such event and will promptly prepare and file with the Commission and furnish, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof. (d) As soon as practicable, but not later than June 30, 2008, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement and satisfying the provisions of Section 11(a) of the Act and Rule 158. (e) The Company will furnish to the Representative copies of the Registration Statement, including all exhibits, any Statutory Prospectus, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents. (f) The Company will arrange for the qualification of the Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction. (g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter. (h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities. (i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory. (j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company. (k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange. (l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities. (m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company. (n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income. (o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 2 contracts
Samples: Underwriting Agreement (CGG Veritas), Underwriting Agreement (CGG Veritas)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters one signed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) Prospectus with the Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeRepresentatives, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The During any time when a prospectus relating to the Offered Securities is required to be delivered under the Act in connection with sales by any Underwriter or dealer (including in circumstances where such requirement may be satisfied pursuant to Rule 172), the Company will promptly advise the Representative Representatives promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Final Prospectus at any time and will offer afford the Representative Representatives a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Representatives promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings or any notice from the Commission objecting to its use in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) The Company will prepare a final term sheet, containing solely a description of the Offered Securities, in a form approved by the Representatives, and will file such term sheet pursuant to Rule 433(d) under the Act within the time required by such Rule.
(d) If there occurs an event or development as a result of which the Disclosure Package would include an untrue statement of a material fact or would omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances then prevailing, not misleading, the Company will promptly notify the Representatives, so that any use of the Disclosure Package may cease until it is amended or supplemented, and will promptly prepare and file with the Commission, at its own expense, an amendment or supplement that will correct such statement or omission or an amendment that will effect such compliance.
(e) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealerdealer (including in circumstances where such requirement may be satisfied pursuant to Rule 172), any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Representatives of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which that will correct such statement or omission or an amendment which that will effect such compliance. The terms “supplement” and “amendment” as used in this Agreement include, without limitation, all documents filed by the Company will advise with the Underwriters promptly Commission subsequent to the date of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without that are deemed to be incorporated by reference in the Underwriters’ consentFinal Prospectus. Neither the Representative’s Representatives’ consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(df) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders security holders an earnings statement covering a period of at least 12 months beginning after the latest of (i) the effective date of this the registration statement relating to the Registered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company’s most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(eg) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, and during any Statutory time when a prospectus relating to the Offered Securities is required to be delivered under the Act in connection with sales by any Underwriter or dealer (including in circumstances where such requirement may be satisfied pursuant to Rule 172), the Base Prospectus, any related Preliminary Final Prospectus, the Final Prospectus and each Issuer Free Writing Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Representatives reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documentsrequest.
(fh) The Company will use its reasonable best efforts to arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates Representatives designate and will continue such qualifications in effect so long as required for the distribution provided distribution; provided, however, that neither the Company nor CPCo will not be required in connection therewith to register or qualify as a foreign corporation where it is not now so qualified or to file execute a general consent to service of process in any jurisdiction or subject itself to taxation in any jurisdiction where it is not now so subject. The Company will promptly advise the Representatives of the receipt by it or CPCo of any notification with respect to the suspension of the qualification of the Offered Securities for offer and sale in any such jurisdictionjurisdiction or the initiation or threatening of any proceeding for such purpose.
(gi) During the period of five years after the date of any Terms Agreement, the Company will furnish or make available to the Representatives and, upon request, to each of the other Underwriters, if any, as soon as practicable after the end of each fiscal year, a copy of the Company’s annual report to stockholders for such year; and the Company will furnish or make available to the Representatives (i) as soon as available, a copy of each report (other than a report on Form 11-K) and any definitive proxy statement of the Company filed with the Commission under the Securities Exchange Act of 1934 or mailed to stockholders, and (ii) from time to time, such other information concerning the Company or CPCo as the Representatives may reasonably request in connection with the offering of the Offered Securities.
(j) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement), the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and or other expenses (including reasonable fees and disbursements of counsel) incurred in connection with qualification of the Registered Securities for sale and determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Representatives may designate in accordance with Section 4(h) and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Offered Securities; and (x) expenses incurred in distributing the Preliminary Prospectus , for any applicable filing fee incident to, and the Final Prospectus (including any amendments reasonable fees and supplements thereto) to disbursements of counsel for the Underwriters and expenses incurred in connection with, the review by the Financial Industry Regulatory Authority, Inc. of the Registered Securities, for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of Registered Securities and for expenses incurred in preparing, printing and distributing the Final Prospectus, any preliminary prospectuses, any preliminary prospectus supplements or any other amendments or supplements to the Final Prospectus to the Underwriters.
(k) The Company agrees that, unless it has obtained or will obtain, as the case may be, the prior written consent of the Securities from Representatives, and each Underwriter, severally and not jointly, agrees with the Underwriters. If Company that, unless it has obtained or will obtain, as the sale case may be, the prior written consent of the Securities provided for herein is Company, it has not consummated because made and will not make any condition offer relating to the obligations of the Underwriters set forth Offered Securities that would constitute an Issuer Free Writing Prospectus or that would otherwise constitute a “free writing prospectus” (as defined in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of Rule 405) required to be filed by the Company to perform all obligations and satisfy all conditions on their part to be performed with the Commission or satisfied hereunder (retained by the Company under Rule 433, other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees final term sheet prepared and filed pursuant to promptly reimburse Section 4(c) hereto; provided that the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each prior written consent of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition be deemed to have been given in respect of the Free Writing Prospectuses, if any, included in Schedule B to the foregoing, applicable Terms Agreement. Any such free writing prospectus consented to by the Representatives or the Company is hereinafter referred to as a “Permitted Free Writing Prospectus.” The Company agrees that (x) it has treated and will also pay treat, as the expenses case may be, each Permitted Free Writing Prospectus as an Issuer Free Writing Prospectus and (y) it has complied and will comply, as the case may be, with the requirements of Rules 164 and 433 applicable to any Permitted Free Writing Prospectus, including in respect of timely filing with the Qualified Independent UnderwriterCommission, legending and record keeping.
(hl) In connection with The Company consents to the use by any Underwriter of a free writing prospectus that (a) is not an Issuer Free Writing Prospectus, and (b) contains only (i) information describing the preliminary terms of the Offered Securities or their offering, until (ii) information required or permitted by Rule 134 under the Underwriters shall have notified Act that is not “issuer information” as defined in Rule 433 or (iii) information that describes the Company final terms of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Offered Securities or attempt their offering and that is included in the final term sheet prepared and filed pursuant to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the SecuritiesSection 4(c) hereto.
(im) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the The Company will not, and will cause CPCo not to, offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any to United States dollar-denominated debt securities issued or guaranteed by the Company or CPCo and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under Representatives for a period beginning at the credit facilities existing on the date hereof or secured financings time of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale execution of the Securities Terms Agreement and on ending the execution and delivery number of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received days after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to specified under “Blackout” in the delivery of the SecuritiesTerms Agreement.
Appears in 2 contracts
Samples: Underwriting Agreement (Conocophillips), Underwriting Agreement (Conocophillips)
Certain Agreements of the Company. The Company covenants and agrees with each of the several Underwriters thatUnderwriters:
(a) The To furnish such information as may be required and otherwise to cooperate in qualifying the Shares for offering and sale under (or obtain exemptions from the application of) the securities or “blue sky” laws of such jurisdictions (both domestic and foreign) as the Representative may designate and to maintain such qualifications (or exemptions) in effect as long as requested by the Representative for the distribution of the Shares, provided that the Company has filed shall not be required to qualify as a foreign corporation or to consent to the service of process under the laws of any such state (except service of process with respect to the offering and sale of the Shares).
(b) If, after the time this Agreement is executed and delivered, it is necessary for a post-effective amendment to the Registration Statement to be declared effective before the offering of the Shares may commence, the Company will file each Statutory Prospectus (including endeavor to cause such post-effective amendment to become effective as soon as possible and will advise the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2) (orRepresentative promptly and, if applicable and consented to requested by the Representative, subparagraph will confirm such advice in writing, when such post-effective amendment has become effective.
(5)c) To prepare the Prospectus in a form approved by the Representative and to file such Prospectus pursuant to Rule 424(b) under the Securities Act not later than the Commission’s close of business on the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied ; during the period beginning on the date hereof and will comply ending on the date, which in the opinion of counsel for the Underwriters, a prospectus is no longer required by law to be delivered in connection with Rule 433.
(b) The Company will promptly advise the Representative offering and sales of the Shares, to make no further amendment or any proposal supplement to amend or supplement the Registration Statement or Prospectus (including any Statutory Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any such amendment or supplement; and supplement through incorporation of any report filed under the Company will also advise Exchange Act) which shall be disapproved by the Representative promptly after reasonable notice thereof; to advise the Representative, promptly after it receives notice thereof, of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for time when any amendment to the Registration Statement, for Statement has been filed or becomes effective or any supplement to any Statutory the Prospectus or any amended Prospectus has been filed and to furnish the Representative with copies thereof; to file promptly, and in any event within the time periods specified, all reports and any definitive proxy or information statements required to be filed by the Company pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date of the Prospectus for any additional informationso long as the delivery of a prospectus (or in lieu thereof, (iiithe notice referred to in Rule 173(a) under the institution Securities Act) is required in connection with the offering or sale of the Shares; to advise the Representative, promptly after it receives notice thereof, of the issuance by the Commission of any stop order proceedings or of any order preventing or suspending the use of the Time of Sale Prospectus or the Prospectus or any other prospectus in respect of the Registration Statement or the threatening Shares, of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities Shares for offering or sale in any jurisdiction or jurisdiction, of the institution initiation or threatening of any proceedings proceeding for any such purpose. The Company will , or of any request by the Commission for the amending or supplementing of the Registration Statement or Prospectus or for additional information; and, in the event of the issuance of any stop order or of any order preventing or suspending the use of the Time of Sale Prospectus or the Prospectus or other prospectus or suspending any such qualification, promptly to use its reasonable best efforts to prevent obtain the issuance withdrawal of any such stop order or order.
(d) No later than 12:00 p.m., Eastern time, on the suspension second business day succeeding the date of any this Agreement, and from time to time, to furnish the Underwriters with written and electronic copies of the Prospectus in such qualification quantities as the Representative may reasonably request, and, if issuedthe delivery of a prospectus (or in lieu thereof, the notice referred to obtain as soon as possible in Rule 173(a) under the withdrawal thereof.
(cSecurities Act) If, is required at any time when a prospectus relating prior to the Securities is (expiration of nine months after the time of issue of the Prospectus in connection with the offering or but for sale of the exemption in Rule 172 would be) required to be delivered under the Act by Shares and if at such time any Underwriter or dealer, any event occurs events shall have occurred as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were mademade when such Prospectus (or in lieu thereof, the notice referred to in Rule 173(a) under the Securities Act) is delivered, not misleading, or or, if for any other reason it is shall be necessary at any time during such period to amend the Registration Statement or supplement the Final Prospectus in order to comply with the Securities Act, the Company will promptly to notify the Representative of such event and will promptly upon its request to prepare and file with furnish without charge to each Underwriter and to any dealer in securities as many written and electronic copies as the Commission and furnish, at its own expense, Representative may from time to time reasonably request of an amended Prospectus or a supplement to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement Prospectus which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise , and in case any Underwriter is required by law, rule or regulation to deliver a prospectus (or in lieu thereof, the Underwriters promptly of any proposal notice referred to amend or supplement in Rule 173(a) under the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver Securities Act) in connection with sales of any of the conditions set forth in Shares at any time nine months or more after the time of issue of the Prospectus, upon the request of the Representative but at the expense of such Underwriter, to prepare and deliver to such Underwriter as many written and electronic copies as the Representative may reasonably request of an amended or supplemented Prospectus complying with Section 7 hereof10(a)(3) of the Securities Act.
(de) As soon as practicable, but not later than June 30, 2008, the Company will To make generally available to its securityholders via XXXXX within the required time periods after the effective date of the Registration Statement (as the term “effective date” is defined in Rule 158(c) under the Securities Act), an earnings statement covering a period of at least 12 months beginning after the date of this Agreement Company and satisfying its consolidated subsidiaries (which need not be audited) complying with the provisions of Section 11(a) of the Securities Act and Rule 158.
(e) The Company will furnish to including, at the Representative copies option of the Registration StatementCompany, including all exhibits, any Statutory Prospectus, Rule 158 under the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documentsSecurities Act).
(f) The Company will arrange for During the qualification of the Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities period beginning from the Underwriters. If date hereof and continuing to and including the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder date 90 days after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing DateProspectus, the Company will except as provided hereunder, not to, directly or indirectly, offer, sell, contract to sell, pledge or otherwise dispose of, directly of (or indirectlyenter into any transaction or device which is designed to, or file with the Commission a registration statement under the Securities Act relating could be expected to, result in the disposition of) any debt shares of Common Stock or any securities issued that are substantially similar to the Common Stock or guaranteed by securities convertible into or exchangeable for Common Stock or any securities that are substantially similar to the Company and having a maturity Common Stock, or sell or grant options, rights or warrants with respect to any shares of more Common Stock or any securities that are substantially similar to Common Stock or securities convertible into or exchangeable for Common Stock or any securities that are substantially similar to Common Stock, or publicly announce the intention to do any of the foregoing (other than one year from pursuant to equity incentive plans existing on the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filingthis Agreement), without the prior written consent of the Representative; provided , provided, however, that, notwithstanding the foregoing, if (i) during the last 17 days of the 90-day restricted period, the Company issues an earnings release or material news or a material event relating to the Company occurs or (ii) prior to the expiration of the 90-day restricted period, the Company announces that it will release earnings results during the 16-day period beginning on the last day of the 90-day restricted period, the restrictions imposed in this provision Section 4(f) shall continue to apply until the expiration of the 18-day period beginning on the issuance of the earnings release or the occurrence of the material news or material event, except that such extension will not apply if, within three business days prior to the 15th calendar day before the last day of the 90-day restricted period, (A) the Company delivers a certificate, signed by the Chief Financial Officer or Chief Executive Officer of the Company, certifying on behalf of the Company that (1) the shares of Common Stock are “actively traded securities” (as defined in Regulation M), (2) the Company meets the applicable requirements of paragraph (a)(1) of Rule 139 under the Securities Act in the manner contemplated by FINRA Conduct Rule 2711(f)(4) and (3) the provisions of FINRA Conduct Rule 2711(f)(4) are not applicable to any research reports relating to the Company published or distributed by any of the Underwriters during the 15 days before or after the last day of the 90-day restricted period (before giving effect to such extension) and (B) the Representative concurs, in its reasonable judgment, with such certifications. The foregoing sentence shall not prohibit borrowings under the credit facilities existing issuance of any shares of Common Stock or options to purchase Common Stock or other Common Stock-based awards, in each case granted pursuant to any equity compensation plan or agreement referred to in the Prospectus.
(g) During a period of two years from the effective date of the Registration Statement, to deliver or to make available via XXXXX to the Representative promptly after they become available, copies of any reports and financial statements furnished by the Company to its stockholders or filed with the Commission, FINRA or any national securities exchange on which the date hereof Common Stock is listed.
(h) To engage and maintain, at its expense, a registrar and transfer agent for the Shares.
(i) Prior to termination of the underwriting syndicate contemplated by this Agreement, not to, and to use its best efforts to cause its officers, directors and affiliates not to, (i) take, directly or secured financings indirectly, any action designed to stabilize or manipulate the price of accounts receivables and inventoryany security of the Company, or which may cause or result in, or which might in the future reasonably be expected to cause or result in, the stabilization or manipulation of the price of any security of the Company, to facilitate the sale or resale of any of the Shares, (ii) sell, bid for, purchase or pay anyone any compensation for soliciting purchases of the Shares or (iii) pay or agree to pay any person any compensation for soliciting any order to purchase any other securities of the Company.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters To cause each person listed on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments Exhibit B hereto to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made furnish to the Underwriter without Representative, prior to the First Delivery Date, a withholding letter or deduction letters, substantially in the form of tax had that Underwriter complied with its obligations to cooperate with the CompanyExhibit A hereto.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market To comply with all of the Luxembourg Stock Exchange and will maintain such listing as long as provisions of any undertakings in the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchangeRegistration Statement.
(l) The If the Company elects to rely upon Rule 462(b) under the Securities Act, the Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Servicesfile a Rule 462(b) Registration Statement with the Commission in compliance with Rule 462(b) by 10:00 p.m., a division Washington, D.C. time, on the date of the McGraw Hill, Inc. (“S&P”)this Agreement, and Mxxxx’x Investors Service Inc. (“Moody’s”the Company shall at the time of filing either pay to the Commission the filing fee for the Rule 462(b) Registration Statement or give irrevocable instructions for the payment of such fee pursuant to provide and/or confirm their respective credit ratings of the Securities.
(mRule 111(b) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit under the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the CompanyAct.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 2 contracts
Samples: Underwriting Agreement (Kona Grill Inc), Underwriting Agreement (Kona Grill Inc)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters, one signed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeLead Underwriter, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Lead Underwriter's consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof5.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of this the registration statement relating to the Registered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Lead Underwriter reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and (if the Offered Securities are debt securities or preferred stock) the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably Lead Underwriter designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) During the period of 10 years after the date of any Terms Agreement, the Company will furnish to the Representatives and, upon request, to each of the other Underwriters, if any, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to the Representatives (i) as soon as available, a copy of each report and any definitive proxy statement of the Company filed with the Commission under the Securities Exchange Act 5 of 1934 or mailed to stockholders, and (ii) from time to time, such other information concerning the Company as the Lead Underwriter may reasonably request.
(h) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement), the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and or other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Registered Securities for sale and (if the Offered Securities are debt securities or preferred stock) any determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Lead Underwriter may designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Securities; and Offered Securities (x) expenses incurred in distributing the Preliminary Prospectus if they are debt securities or preferred stock), for any applicable filing fee incident to, and the Final Prospectus (including any amendments reasonable fees and supplements thereto) to disbursements of counsel for the Underwriters and expenses incurred in connection with, the review by the National Association of Securities Dealers, Inc. of the Registered Securities, for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s 's officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of Registered Securities and for expenses incurred in distributing the Securities from Prospectus, any preliminary prospectuses, any preliminary prospectus supplements or any other amendments or supplements to the Prospectus to the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After If the date of the initial offering of the Offered Securities by the Underwriters and until the day which is 90 days after the Closing Dateare debt securities or preferred stock, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any to United States dollar- denominated debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, issue (if the Offered Securities are debt securities) or any options series of preferred stock issued or derivatives in respect of such debt securitiesguaranteed by the Company (if the Offered Securities are preferred stock), or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings Lead Underwriter for a period beginning at the time of execution of the Terms Agreement and ending the number of days after the Closing Date specified under "Blackout" in the credit facilities existing on the date hereof or secured financings of accounts receivables and inventoryTerms Agreement.
(j) The Company will indemnify and hold harmless If the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Offered Securities are outstanding; provided, however, that if the Company can no longer maintain such listingCommon Stock or are convertible into Common Stock, the Company will use all reasonable commercial efforts not offer, sell, contract to obtain and maintain sell, pledge or otherwise dispose of, directly or indirectly, or file with the listing Commission a registration statement under the Act relating to, any additional shares of its Common Stock or securities convertible into or exchangeable or exercisable for any shares of its Common Stock, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, Lead Underwriter for a division period beginning at the time of execution of the McGraw Hill, Inc. (“S&P”), Terms Agreement and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings ending the number of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to days after the Closing Date and to satisfy all conditions precedent specified under "Blackout" in the Terms Agreement, except grants of employee stock options pursuant to the delivery terms of a plan in effect on the date of the SecuritiesTerms Agreement, issuances of Common Stock pursuant to the exercise of such options or the exercise of any other employee stock options outstanding on the date of the Terms Agreement or issuances of Common Stock pursuant to the Company's dividend reinvestment plan.
Appears in 2 contracts
Samples: Underwriting Agreement (Chirex Inc), Underwriting Agreement (Chirex Inc)
Certain Agreements of the Company. The Company agrees with the several Underwriters that the Company will furnish to counsel for the Underwriters one signed copy (but not an original) of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory Prospectus (including cause the Final Prospectus) Prospectus to be filed with the Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeRepresentatives, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The During any time when a prospectus relating to the Offered Securities is required to be delivered under the Act in connection with sales by any Underwriter or dealer (including in circumstances where such requirement may be satisfied pursuant to Rule 172 under the Act), the Company will promptly advise the Representative Representatives promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Final Prospectus at any time and will offer afford the Representative Representatives a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Representatives promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings or any notice from the Commission objecting to its use in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) The Company will prepare a final term sheet, containing solely a description of the Offered Securities, in a form approved by the Representatives, and will cause such term sheet to be filed pursuant to Rule 433(d) under the Act within the time required by such Rule.
(d) If there occurs an event or development as a result of which the Disclosure Package would include an untrue statement of a material fact or would omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances then prevailing, not misleading, the Company will promptly notify the Representatives, so that any use of the Disclosure Package may cease until it is amended or supplemented, and will promptly prepare and cause to be filed with the Commission, at its own expense, an amendment or supplement that will correct such statement or omission or an amendment that will effect such compliance.
(e) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealerdealer (including in circumstances where such requirement may be satisfied pursuant to Rule 172 under the Act), any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or would omit to state any a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative Representatives of such event and will promptly prepare and file cause to be filed with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which that will correct such statement or omission or an amendment which that will effect such compliance. The terms “supplement” and “amendment” as used in this Agreement include, without limitation, all documents filed by the Company will advise and the Underwriters promptly Guarantor with the Commission subsequent to the date of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without that are deemed to be incorporated by reference in the Underwriters’ consentFinal Prospectus. Neither the Representative’s Representatives’ consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(df) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders security holders of the Company an earnings earning statement of the Company covering a period of at least 12 months beginning after the latest of (i) the effective date of this the registration statement relating to the Registered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company’s most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(eg) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, and during any Statutory time when a prospectus relating to the Offered Securities is required to be delivered under the Act in connection with sales by any Underwriter or dealer (including in circumstances where such requirement may be satisfied pursuant to Rule 172 under the Act), the Base Prospectus, any related Preliminary Final Prospectus, the Final Prospectus and each Issuer Free Writing Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Representatives reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documentsrequest.
(fh) The Company will use its commercially reasonable efforts to arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates Representatives designate and will continue such qualifications in effect so long as required for the distribution provided distribution; provided, however, that neither the Company nor the Guarantor will not be required in connection therewith to register or qualify as a foreign corporation where it would not otherwise be so qualified or to file execute a general consent to service of process in any jurisdiction or subject itself to taxation in any jurisdiction where it would not otherwise be so subject. The Company will promptly advise the Representatives of the receipt by it or the Guarantor of any notification with respect to the suspension of the qualification of the Offered Securities for offer and sale in any such jurisdictionjurisdiction or the initiation or threatening of any proceeding for such purpose.
(gi) The During the period of five years after the date of any Terms Agreement, the Company agrees will furnish or make available to the Representatives and, upon request, to each of the other Underwriters, if any, as soon as practicable after the end of each fiscal year, a copy of the Company’s annual report to stockholders for such year; and the Company will furnish or make available to the Representatives (i) as soon as available, a copy of each report (other than a report on Form 11-K) and any definitive proxy statement of the Company filed with the Commission under the Exchange Act or mailed to stockholders, and (ii) from time to time, such other information concerning the Company or the Guarantor as the Representatives may reasonably request in connection with the offering of the Offered Securities.
(j) Whether or not the transactions contemplated by this Agreement are consummated or this Agreement is terminated, the Company will pay all costs and expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities); (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and or other expenses (including reasonable fees and disbursements of counsel) incurred in connection with qualification of the Offered Securities for sale and determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Representatives may designate in accordance with Section 4(h) and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Offered Securities; any costs incident to the issuance and delivery of the Offered Securities (xincluding printing and engraving costs) expenses incurred and any necessary issue, transfer or other stamp taxes in distributing the Preliminary Prospectus that connection; any applicable filing fee incident to, and the Final Prospectus (including any amendments reasonable fees and supplements thereto) to disbursements of counsel for the Underwriters in connection with, the preparation of any Blue Sky memorandum and expenses incurred for preparingreview by the Financial Industry Regulatory Authority, printing and distributing Inc. of the Offered Securities; any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and Company’s or the CompanyGuarantor’s officers and employees and any other reasonable expenses of the Underwriters and Company or the Company Guarantor in connection with attending or hosting meetings with prospective Underwriters purchasers of the Securities from Offered Securities; and for expenses incurred in preparing, printing and distributing the Final Prospectus, any preliminary prospectuses, any preliminary prospectus supplements or any other amendments or supplements to the Final Prospectus to the Underwriters. If the sale of the Securities Except as provided for herein is not consummated because any condition to the obligations of in Section 4(j), Section 6 and Section 8 hereof, the Underwriters set forth in Section 7 hereof is not satisfiedshall pay their own expenses, because this Agreement is terminated or because including the fees and disbursements of any failure, refusal or inability on the part counsel.
(k) Each of the Company and the Guarantor agrees that, unless the Company has obtained or will obtain, as the case may be, the prior written consent of the Representatives, and each Underwriter, severally and not jointly, agrees with the Company and the Guarantor that, unless it has obtained or will obtain, as the case may be, the prior written consent of the Company, it has not made and will not make any offer relating to perform all obligations and satisfy all conditions on their part the Offered Securities that would constitute an Issuer Free Writing Prospectus or that would otherwise constitute a “free writing prospectus” (as defined in Rule 405) required to be performed filed by the Company with the Commission or satisfied hereunder (retained by the Company under Rule 433, other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees final term sheet prepared and filed pursuant to promptly reimburse Section 4(c) hereto; provided that the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each prior written consent of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition be deemed to have been given in respect of the Free Writing Prospectuses, if any, included in Schedule B to the foregoing, applicable Terms Agreement. Any such free writing prospectus consented to by the Representatives or the Company will also pay the expenses is hereinafter referred to as a “Permitted Free Writing Prospectus”. Each of the Qualified Independent UnderwriterCompany and the Guarantor agrees that (x) it has treated and will treat, as the case may be, each Permitted Free Writing Prospectus as an Issuer Free Writing Prospectus and (y) it has complied and will comply, as the case may be, with the requirements of Rules 164 and 433 applicable to any Permitted Free Writing Prospectus, including in respect of timely filing with the Commission, legending and recordkeeping.
(hl) In connection with Each of the Company and the Guarantor consents to the use by any Underwriter of a free writing prospectus that (a) is not an Issuer Free Writing Prospectus, and (b) contains only (i) information describing the preliminary terms of the Offered Securities or their offering, until (ii) information required or permitted by Rule 134 under the Underwriters shall have notified Act that is not “issuer information” as defined in Rule 433 or (iii) information that describes the Company final terms of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Offered Securities or attempt their offering and that is included in the final term sheet prepared and filed pursuant to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the SecuritiesSection 4(c) hereto.
(im) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the The Company will not, and will cause the Guarantor not to, offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, to any United States dollar-denominated debt securities issued or guaranteed by the Company or the Guarantor and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under Representatives for a period beginning at the credit facilities existing on the date hereof or secured financings time of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale execution of the Securities Terms Agreement and on ending the execution and delivery number of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received days after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to specified under “Blackout” in the delivery of the SecuritiesTerms Agreement.
Appears in 2 contracts
Samples: Underwriting Agreement (Phillips 66), Underwriting Agreement (Phillips 66)
Certain Agreements of the Company. The Company agrees with the several Underwriters that the Company will furnish to counsel for the Underwriters one signed copy (but not an original) of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory Prospectus (including cause the Final Prospectus) Prospectus to be filed with the Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeRepresentatives, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The During any time when a prospectus relating to the Offered Securities is required to be delivered under the Act in connection with sales by any Underwriter or dealer (including in circumstances where such requirement may be satisfied pursuant to Rule 172 under the Act), the Company will promptly advise the Representative Representatives promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Final Prospectus at any time and will offer afford the Representative Representatives a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Representatives promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings or any notice from the Commission objecting to its use in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) The Company will prepare a final term sheet, containing solely a description of the Offered Securities, in a form approved by the Representatives, and will cause such term sheet to be filed pursuant to Rule 433(d) under the Act within the time required by such Rule.
(d) If there occurs an event or development as a result of which the Disclosure Package would include an untrue statement of a material fact or would omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances then prevailing, not misleading, the Company will promptly notify the Representatives, so that any use of the Disclosure Package may cease until it is amended or supplemented, and will promptly prepare and cause to be filed with the Commission, at its own expense, an amendment or supplement that will correct such statement or omission or an amendment that will effect such compliance.
(e) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealerdealer (including in circumstances where such requirement may be satisfied pursuant to Rule 172 under the Act), any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or would omit to state any a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative Representatives of such event and will promptly prepare and file cause to be filed with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which that will correct such statement or omission or an amendment which that will effect such compliance. The terms “supplement” and “amendment” as used in this Agreement include, without limitation, all documents filed by the Company will advise and the Underwriters promptly Guarantor with the Commission subsequent to the date of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without that are deemed to be incorporated by reference in the Underwriters’ consentFinal Prospectus. Neither the Representative’s Representatives’ consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(df) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders security holders of the Company an earnings earning statement of the Guarantor covering a period of at least 12 months beginning after the latest of (i) the effective date of this the registration statement relating to the Registered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Guarantor’s most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(eg) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, and during any Statutory time when a prospectus relating to the Offered Securities is required to be delivered under the Act in connection with sales by any Underwriter or dealer (including in circumstances where such requirement may be satisfied pursuant to Rule 172 under the Act), the Base Prospectus, any related Preliminary Final Prospectus, the Final Prospectus and each Issuer Free Writing Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Representatives reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documentsrequest.
(fh) The Company will use its commercially reasonable efforts to arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates Representatives designate and will continue such qualifications in effect so long as required for the distribution provided distribution; provided, however, that neither the Company nor the Guarantor will not be required in connection therewith to register or qualify as a foreign corporation where it would not otherwise be so qualified or to file execute a general consent to service of process in any jurisdiction or subject itself to taxation in any jurisdiction where it would not otherwise be so subject. The Company will promptly advise the Representatives of the receipt by it or the Guarantor of any notification with respect to the suspension of the qualification of the Offered Securities for offer and sale in any such jurisdictionjurisdiction or the initiation or threatening of any proceeding for such purpose.
(gi) The During the period of five years after the date of any Terms Agreement, the Company agrees will furnish or make available to the Representatives and, upon request, to each of the other Underwriters, if any, as soon as practicable after the end of each fiscal year, a copy of the Guarantor’s annual report to stockholders for such year; and the Company will furnish or make available to the Representatives (i) as soon as available, a copy of each report (other than a report on Form 11-K) and any definitive proxy statement of the Guarantor filed with the Commission under the Exchange Act or mailed to stockholders, and (ii) from time to time, such other information concerning the Company or the Guarantor as the Representatives may reasonably request in connection with the offering of the Offered Securities.
(j) Whether or not the transactions contemplated by this Agreement are consummated or this Agreement is terminated, the Company will pay all costs and expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities); (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and or other expenses (including reasonable fees and disbursements of counsel) incurred in connection with qualification of the Offered Securities for sale and determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Representatives may designate in accordance with Section 4(h) and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Offered Securities; any costs incident to the issuance and delivery of the Offered Securities (xincluding printing and engraving costs) expenses incurred and any necessary issue, transfer or other stamp taxes in distributing the Preliminary Prospectus that connection; any applicable filing fee incident to, and the Final Prospectus (including any amendments reasonable fees and supplements thereto) to disbursements of counsel for the Underwriters in connection with, the preparation of any Blue Sky memorandum and expenses incurred for preparingreview by the Financial Industry Regulatory Authority, printing and distributing Inc. of the Offered Securities; any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and Company’s or the CompanyGuarantor’s officers and employees and any other reasonable expenses of the Underwriters and Company or the Company Guarantor in connection with attending or hosting meetings with prospective Underwriters purchasers of the Securities from Offered Securities; and for expenses incurred in preparing, printing and distributing the Final Prospectus, any preliminary prospectuses, any preliminary prospectus supplements or any other amendments or supplements to the Final Prospectus to the Underwriters. If the sale of the Securities Except as provided for herein is not consummated because any condition to the obligations of in Section 4(j), Section 6 and Section 8 hereof, the Underwriters set forth in Section 7 hereof is not satisfiedshall pay their own expenses, because this Agreement is terminated or because including the fees and disbursements of any failure, refusal or inability on the part counsel.
(k) Each of the Company and the Guarantor agrees that, unless the Company has obtained or will obtain, as the case may be, the prior written consent of the Representatives, and each Underwriter, severally and not jointly, agrees with the Company and the Guarantor that, unless it has obtained or will obtain, as the case may be, the prior written consent of the Company, it has not made and will not make any offer relating to perform all obligations and satisfy all conditions on their part the Offered Securities that would constitute an Issuer Free Writing Prospectus or that would otherwise constitute a “free writing prospectus” (as defined in Rule 405) required to be performed filed by the Company with the Commission or satisfied hereunder (retained by the Company under Rule 433, other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees final term sheet prepared and filed pursuant to promptly reimburse Section 4(c) hereto; provided that the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each prior written consent of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition be deemed to have been given in respect of the Free Writing Prospectuses, if any, included in Schedule B to the foregoing, applicable Terms Agreement. Any such free writing prospectus consented to by the Representatives or the Company will also pay the expenses is hereinafter referred to as a “Permitted Free Writing Prospectus”. Each of the Qualified Independent UnderwriterCompany and the Guarantor agrees that (x) it has treated and will treat, as the case may be, each Permitted Free Writing Prospectus as an Issuer Free Writing Prospectus and (y) it has complied and will comply, as the case may be, with the requirements of Rules 164 and 433 applicable to any Permitted Free Writing Prospectus, including in respect of timely filing with the Commission, legending and recordkeeping.
(hl) In connection with Each of the Company and the Guarantor consents to the use by any Underwriter of a free writing prospectus that (a) is not an Issuer Free Writing Prospectus, and (b) contains only (i) information describing the preliminary terms of the Offered Securities or their offering, until (ii) information required or permitted by Rule 134 under the Underwriters shall have notified Act that is not “issuer information” as defined in Rule 433 or (iii) information that describes the Company final terms of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Offered Securities or attempt their offering and that is included in the final term sheet prepared and filed pursuant to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the SecuritiesSection 4(c) hereto.
(im) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the The Company will not, and will cause the Guarantor not to, offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, to any United States dollar-denominated debt securities issued or guaranteed by the Company or the Guarantor and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under Representatives for a period beginning at the credit facilities existing on the date hereof or secured financings time of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale execution of the Securities Terms Agreement and on ending the execution and delivery number of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received days after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to specified under “Blackout” in the delivery of the SecuritiesTerms Agreement.
Appears in 2 contracts
Samples: Underwriting Agreement (Phillips 66), Underwriting Agreement (Phillips 66)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters one signed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeRepresentatives, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Representatives promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Representatives a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Representatives promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Representatives of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which that will correct such statement or omission or an amendment which that will effect such compliance. The terms "supplement" and "amendment" as used in this Agreement include, without limitation, all documents filed by the Company will advise with the Underwriters promptly Commission subsequent to the date of any proposal the Prospectus that are deemed to amend or supplement be incorporated by reference in the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consentProspectus. Neither the Representative’s Representatives' consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(d) As soon as practicable, but not later than June 30, 2008, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement and satisfying the provisions of Section 11(a) of the Act and Rule 158.
(e) The Company will furnish to the Representative copies of the Registration Statement, including all exhibits, any Statutory Prospectus, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 2 contracts
Samples: Underwriting Agreement (Conoco Inc /De), Underwriting Agreement (Conoco Inc /De)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters, one signed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeLead Underwriter, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs or a condition exists as a result of which it is necessary, in the Final reasonable opinion of counsel to the Underwriters or counsel to the Company, to amend the Registration Statement or amend or supplement the Prospectus as then amended or supplemented in order that the Prospectus would not include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary necessary, in the reasonable opinion of either such counsel, at any time to amend the Registration Statement or amend or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnish, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which that will correct such statement or omission or an amendment which that will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Lead Underwriter's consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof5 of this Agreement.
(d) As soon as practicable, but not later than June 30, 200816 months after the date of each Terms Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of this the registration statement relating to the Registered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Representatives copies of the Registration StatementStatement (at least two of which will be signed and will include all exhibits and a signed accountant's report of Deloitte & Touche), including all exhibits, any Statutory Prospectuseach related preliminary prospectus, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Lead Underwriters reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably Lead Underwriter designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictionthereof.
(g) During the period of five years after the date of any Terms Agreement, the Company will furnish to the Representatives and, upon request, to each of the other Underwriters, if any, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to the Representatives (i) as soon as available, a copy of each report or definitive proxy statement of the Company filed with the Commission under the Securities Exchange Act of 1934, as amended, or mailed to stockholders and (ii) from time to time, such other information concerning the Company as the Lead Underwriter may reasonably request.
(h) The Company agrees to with the Underwriters that the Company will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto), and will reimburse the Underwriters for any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including reasonable fees and disbursements of counsel) incurred by them in connection with the qualification of the Registered Securities for sale and determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate Lead Underwriter designates and the printing of memoranda relating thereto, costs for the filing fee of and the related reasonable fees and expenses related of counsel for the Underwriters in connection with any filings required to the review by be made with the National Association of Securities Deals Dealers, Inc. of relating to the Registered Securities; (ix) , any fees charged by investment rating agencies for the rating of the Securities; Offered Securities and (x) for expenses incurred in printing and distributing the Preliminary Prospectus Registration Statement, preliminary prospectuses and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securitiesrelated documents.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the The Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any to United States dollar-denominated debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under Lead Underwriter for a period beginning at the credit facilities existing on the date hereof or secured financings time of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale execution of the Securities Terms Agreement and on ending the execution and delivery number of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received days after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to specified under "Blackout" in the delivery of the SecuritiesTerms Agreement.
Appears in 2 contracts
Samples: Underwriting Agreement (Pep Boys Manny Moe & Jack), Underwriting Agreement (Pep Boys Manny Moe & Jack)
Certain Agreements of the Company. The Company agrees with the several Underwriters that:
(a) The Company has During such period beginning on the date hereof and ending on the later of the Closing Date or such date as, in the opinion of counsel for the Underwriters, the Prospectus is no longer required by law to be delivered in connection with sales by an Underwriter or dealer (the "PROSPECTUS DELIVERY PERIOD"), prior to amending or supplementing the Registration Statement (including any registration statement filed under Rule 462(b) under the Securities Act) or will file each Statutory the Prospectus (including any amendment or supplement through incorporation by reference of any report filed under the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2) (orExchange Act), if applicable and consented to by the Representative, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly shall advise the Representative Representatives promptly of any proposal to amend or supplement the Prospectus and shall furnish to the Representatives a copy of each such proposed amendment or supplement and afford the Representatives a reasonable opportunity for review and comment, which shall in any case not be longer than three business days, and the Company shall not file any such proposed amendment or supplement to which the Representatives reasonably object.
(b) After the date of this Agreement, the Company shall promptly advise the Representatives in writing (i) of the receipt of any comments of, or requests for additional or supplemental information from, the Commission, (ii) of the time and date of any filing of any post-effective amendment to the Registration Statement or any Statutory Prospectus at any amendment or supplement to the Prospectus, (iii) of the time and will offer the Representative a reasonable opportunity to comment on date that any such amendment or supplement; and the Company will also advise the Representative promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any post-effective amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, Statement becomes effective and (iiiiv) of the institution issuance by the Commission of any stop order proceedings in respect suspending the effectiveness of the Registration Statement or any post-effective amendment thereto or of any order preventing or suspending the use of the Prospectus, or of the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening initiation of any proceedings for any of such purposepurposes. The If the Commission shall enter any such stop order at any time, the Company will use its reasonable best efforts to prevent obtain the issuance lifting of such order at the earliest possible moment. Additionally, the Company agrees that it shall comply with the provisions of Rules 424(b), 430A and 434, as applicable, under the Securities Act and will use its reasonable efforts to confirm that any filings made by the Company under such stop order or Rule 424(b) were received in a timely manner by the suspension of any such qualification and, if issued, to obtain as soon as possible the withdrawal thereofCommission.
(c) If, at any time when a prospectus relating to during the Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act by any Underwriter or dealerProspectus Delivery Period, any event occurs shall occur or condition exist as a result of which it is necessary to amend or supplement the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were madeexisting at the time such event shall have occurred or such condition shall exist, not misleading, or if in the opinion of the Representatives or counsel for the Underwriters it is otherwise necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Actlaw, the Company will promptly notify the Representative of such event and will agrees to promptly prepare and (subject to Section 3(a) hereof), file with the Commission and furnish, furnish at its own expense, expense to the Underwriters and to dealers, amendments or supplements to the dealers and any other dealers upon request Prospectus so that the statements in the Prospectus as so amended or supplemented will not, in the light of the Representativecircumstances existing at the time such event shall have occurred or such condition shall exist, an amendment be misleading or supplement which so that the Prospectus, as amended or supplemented, will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereofcomply with law.
(d) As soon as practicable, but not later than June 30, 2008, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement and satisfying the provisions of Section 11(a) of the Act and Rule 158.
(e) The Company will agrees to furnish to the Representative Representatives, without charge, during the Prospectus Delivery Period, as many copies of the Registration Statement, including all exhibits, any Statutory Prospectus, the Final Prospectus and all any amendments and supplements to such documentsthereto, in each case case, as soon as available and in such quantities as the Representative Representatives may reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documentsrequest.
(fe) The Company will arrange shall cooperate with the Representatives and counsel for the qualification of Underwriters to qualify or register the Securities Notes for sale and under (or obtain exemptions from the determination of their eligibility for investment under application of) the state securities or Blue Sky laws of those jurisdictions designated by the Representatives, shall comply with such jurisdictions as the Representative reasonably designates laws and will shall continue such qualifications qualifications, registrations and exemptions in effect so long as required for the distribution provided that of the Notes. The Company will shall not be required to qualify as a foreign corporation to do business in any such jurisdiction where it is not presently so qualified or to file a take any action that would subject it to general consent to service of process in any such jurisdictionjurisdiction where it is not presently so subject. The Company will advise the Representatives promptly of the suspension of the qualification or registration of (or any such exemption relating to) the Notes for offering, sale or trading in any jurisdiction or any initiation or threat of any proceeding for any such purpose, and in the event of the issuance of any order suspending such qualification, registration or exemption, the Company shall use its best efforts to obtain the withdrawal thereof at the earliest possible moment.
(f) As soon as practicable, the Company will make generally available to its security holders and to the Representatives an earnings statement (which need not be audited) that satisfies the provisions of Section 11(a) of the Securities Act.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to During the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading period commencing on the Euro MTF Market of the Luxembourg Stock Exchange date hereof and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability ending on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoingClosing Date, the Company will also pay not, without the expenses prior written consent of the Qualified Independent UnderwriterRepresentatives (which consent may be withheld at the sole discretion of the Representatives), directly or indirectly, sell, offer, contract or grant any option to sell, pledge, transfer or establish an open "put equivalent position" within the meaning of Rule 16a-1(h) under the Exchange Act, or otherwise dispose of or transfer, or announce the offering of, or file any registration statement under the Securities Act in respect of, any debt securities of the Company similar to the Notes or securities exchangeable for or convertible into debt securities similar to the Notes (other than as contemplated by this Agreement with respect to the Notes).
(h) The Company will take such steps as shall be necessary to ensure that it will not be or become an "open-end investment company, unit investment trust or face-amount certificate company" within the meaning of the Investment Company Act.
(i) In connection with the offering, until the Underwriters Representatives shall have notified the Company and the other Underwriters of the completion of the resale distribution of the SecuritiesNotes, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest in any Securities Notes or attempt to induce any person to purchase any SecuritiesNotes; and neither they the Company nor any of their its affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date Notes. The Representatives, on behalf of the initial offering of several Underwriters, may, in their sole discretion, waive in writing the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed performance by the Company and having a maturity of any one or more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under foregoing covenants or extend the credit facilities existing on the date hereof or secured financings of accounts receivables and inventorytime for their performance.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 2 contracts
Samples: Underwriting Agreement (Bottling Group LLC), Underwriting Agreement (Bottling Group LLC)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to Xxxxxxxx & Xxxxxxxx, counsel for the Underwriters, one signed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeLead Underwriter, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Lead Underwriter's consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof5.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of this the registration statement relating to the Registered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Lead Underwriter reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably Lead Underwriter designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) During the period of five years after the date of any Terms Agreement, the Company will furnish to the Representatives and, upon request, to each of the other Underwriters, if any, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to the Representatives (i) as soon as available, a copy of each report and any definitive proxy statement of the Company filed with the Commission under the Securities Exchange Act of 1934 or mailed to stockholders, and (ii) from time to time, such other information concerning the Company as the Lead Underwriter may reasonably request.
(h) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement, ) and will reimburse the Securities, the Supplemental Indenture Underwriters (if and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (viextent incurred by them) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and or other expenses (including fees and disbursements of counsel) incurred by them in connection with qualification of the Registered Securities for sale and determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Lead Underwriter may designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing Offered Securities for any applicable filing fee of the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) National Association of Securities Dealers, Inc. relating to the Underwriters and expenses incurred Registered Securities, for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s 's officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of Registered Securities and for expenses incurred in distributing the Securities from Prospectus, any preliminary prospectuses, any preliminary prospectus supplements or any other amendments or supplements to the Prospectus to the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date Except in connection with employee benefit or Director compensation plans of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing DateCompany, the Company will not not, without the prior written consent of the Lead Underwriter, offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any to United States dollar- denominated debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition disposal or filing, without for a period beginning at the prior written consent time of execution of the Representative; provided that this provision shall not prohibit borrowings under Terms Agreement and ending the credit facilities existing on the date hereof or secured financings number of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received days after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to specified under "Blackout" in the delivery of the SecuritiesTerms Agreement.
Appears in 2 contracts
Samples: Underwriting Agreement (PPG Industries Inc), Underwriting Agreement (PPG Industries Inc)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters, one signed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeLead Underwriter, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Lead Underwriter's consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of this the registration statement relating to the Registered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Lead Underwriter reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and (if the Offered Securities are debt securities, Preferred Stock or Warrants) the determination of their eligibility for investment under the laws of such jurisdictions in the United States as the Representative reasonably Lead Underwriter designates and will continue such qualifications in effect so long as required for the distribution provided distribution, provided, however, that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Offered Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfiedare debt securities, because this Agreement is terminated Preferred Stock, Debt Security Warrants or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing DatePreferred Stock Warrants, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any to United States dollar-denominated debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, issue (if the Offered Securities are debt securities or Debt Security Warrants) or any options series of Preferred Stock issued or derivatives in respect of such debt securitiesguaranteed by the Company (if the Offered Securities are Preferred Stock or Preferred Stock Warrants), or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings Lead Underwriter for a period beginning at the time of execution of the Terms Agreement and ending the number of days after the Closing Date specified under "Blackout" in the Terms Agreement, except in each case in connection with securities being offered or to be offered pursuant to registration statements filed by the Company under the credit facilities existing on Act prior to the date hereof or secured financings of accounts receivables and inventorythe Prospectus.
(jh) The Company will indemnify and hold harmless If the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Offered Securities are outstanding; providedCommon Stock, however, that if the Company can no longer maintain such listingCommon Stock Warrants or are convertible into Common Stock, the Company will use all reasonable commercial efforts not offer, sell, contract to obtain and maintain sell, pledge or otherwise dispose of, directly or indirectly, or file with the listing Commission a registration statement under the Act relating to, any additional shares of its Common Stock, Common Stock Warrants or securities convertible into or exchangeable or exercisable for any shares of its Common Stock, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, Lead Underwriter for a division period beginning at the time of execution of the McGraw Hill, Inc. (“S&P”), Terms Agreement and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings ending the number of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to days after the Closing Date and to satisfy all conditions precedent specified under "Blackout" in the Terms Agreement, except issuances of Common Stock pursuant to the delivery conversion or exchange of convertible or exchangeable securities or the exercise of warrants or options, in each case outstanding on the date of the SecuritiesTerms Agreement, grants of employee stock options pursuant to the terms of stock option or equity incentive plan of the Company, issuances of Common Stock pursuant to the exercise of such options or issuances of Common Stock pursuant to the Company's employee stock purchase or other similar plan.
Appears in 2 contracts
Samples: Underwriting Agreement (Acusphere Inc), Underwriting Agreement (Acusphere Inc)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters, if available, one signed copy of the Registration Statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeLead Underwriter, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the RepresentativeLead Underwriter’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of this the registration statement relating to the Registered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company’s most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative copies Representatives one copy each of the Registration Statement, including all exhibits, one copy each of any Statutory Prospectusrelated preliminary prospectus, if available, and copies of any related preliminary prospectus supplement related to the Offered Securities, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Lead Underwriter reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions of the United States as the Representative reasonably Lead Underwriter designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) During the period of five years after the date of any Terms Agreement, the Company will furnish or otherwise make available to the Representatives and, upon request, to each of the other Underwriters, if any, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year, and the Company will furnish or otherwise make available to the Representatives, from time to time, such other information concerning the Company as the Lead Underwriter may reasonably request.
(h) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto), including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) but not limited to any filing fees and or other expenses (including reasonable legal fees and disbursements of counsel) incurred in connection with qualification or exemption of the Registered Securities for sale under the securities and real estate syndication laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Lead Underwriter may designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Offered Securities; , for any applicable filing fee and (x) expense incident to, any review by the National Association of Securities Dealers, Inc. of the Registered Securities, for all expenses incurred in distributing incident to the Preliminary Prospectus registration of the Offered Securities and the Final Prospectus (including printing and the word processing of copies of the Registration Statement, any amendments prospectus and supplements thereto) to this Agreement, for the Underwriters fees and expenses incurred of the Mellon Investor Services, LLC, including if required the fees and disbursements of counsel for preparingthe Mellon Investor Services, printing LLC in connection with the Offered Securities, for the fees and distributing expenses of any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse depositary in connection with holding the Underwriters (to the extent incurred by them) Offered Securities in book-entry form, for all reasonable any travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfiedRegistered Securities, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incident to listing the Offered Securities on the NYSE or any other securities exchange, and for expenses incurred by them. In addition in distributing the Prospectus, any preliminary prospectus supplements or any other amendments or supplements to the foregoing, Prospectus to the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the SecuritiesUnderwriters.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the The Company (i) will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any shares of Registered Securities (other than the Offered Securities to be sold to the Underwriters pursuant to the Terms Agreement (including the provisions of this Agreement)), any shares of any other class or series of capital stock of the Company which is substantially similar to the Registered Securities or any depositary shares or depositary receipts representing or evidencing any of the foregoing, or any securities convertible into or exercisable or exchangeable for Registered Securities or any such substantially similar capital stock or depositary shares or depositary receipts, or file with the Commission a any registration statement under the Securities Act relating towith respect to any of the foregoing or (ii) enter into any swap or any other agreement, transaction or arrangement that transfers to another, in whole or in part, directly or indirectly, any debt securities issued of the economic consequences of ownership of Registered Securities, any shares of any other class or guaranteed by series of capital stock of the Company and having a maturity of more than one year from which is substantially similar to the date of issue, Registered Securities or any options depositary shares or derivatives depositary receipts representing or evidencing any of the foregoing, whether any such transaction described in respect clause (i) or (ii) above is to be settled by delivery of such debt Registered Securities, other securities, in cash or publicly disclose the intention to make any such offer, sale, pledge, disposition or filingotherwise, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under Lead Underwriter for a period beginning at the credit facilities existing time of execution of the Terms Agreement and ending on the date hereof or secured financings of accounts receivables and inventoryspecified under “Blackout” in the Terms Agreement.
(j) The Company will indemnify and hold harmless not take, directly or indirectly, any action designed to or that would constitute or that might reasonably be expected to cause or result in, under the Underwriters against any documentaryExchange Act of otherwise, stamp stabilization or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale manipulation of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account price of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction security of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding facilitate the sale or deduction resale of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the CompanyOffered Securities.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on net proceeds received by it from the Euro MTF Market sale of the Luxembourg Stock Exchange and will maintain such listing as long as Offered Securities sold by it in the Securities are outstanding; provided, however, that if manner specified in the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing Prospectus Supplement under “Use of the Securities on another recognized stock exchangeProceeds”.
(l) The Company shall take all reasonable action necessary will use its best efforts to enable Standard & Poor’s Ratings Services, continue to meet the requirements for qualification as a division of “real estate investment trust” under the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the SecuritiesCode.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours efforts to ensure that effect the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive listing of the Offered Securities on the taxation of savings incomeNYSE.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 2 contracts
Samples: Terms Agreement (Bre Properties Inc /Md/), Terms Agreement (Bre Properties Inc /Md/)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to the Representatives one signed copy of the Registration Statement, including all exhibits, in the form in which it became effective and of all amendments thereto, and that, in connection with each offering of Securities:
(a) The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and consented to by the Representative, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Representatives promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Representatives a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Representatives promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(cb) If, at any time when a prospectus relating to the Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act by any Underwriter or dealerAct, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative of such event and will promptly prepare and file with the Commission and furnish, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission omissions or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof.
(dc) As soon as practicable, but not later than June 30, 2008practicable after the date of each Terms Agreement, the Company will make generally available to its securityholders security holders an earnings statement covering a period of at least 12 months beginning after the latest of (i) the effective date of this the Registration Statement, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a11 (a) of the Act and Rule 158Act.
(ed) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative are reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documentsrequested.
(fe) The Company will arrange for the qualification of the Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates Representatives designate and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(gf) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of will reimburse the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or Underwriters for any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including reasonable fees and disbursements of counsel) incurred by them in connection with qualification of the Registered Securities for sale and determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Representatives may designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Securities; Securities and (x) for expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including Prospectus, any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees preliminary prospectuses and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition preliminary prospectus supplements to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriterunderwriters.
(hg) In connection with For a period beginning at the offering, until the Underwriters shall have notified the Company time of execution of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; Terms Agreement and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 ending 30 days after the Closing Date, without the prior consent of the Representatives, the Company will not offer, sell, contract to sell, pledge sell or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, of any United States dollar-denominated debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 2 contracts
Samples: Underwriting Agreement (Raytheon Co/), Underwriting Agreement (Raytheon Co/)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters, one signed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) Prospectus with the Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeLead Underwriter, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this AgreementExecution Time. The Company has complied will pay the registration fees for this offering within the time period required by Rule 456(b)(1)(i) under the Act (without giving effect to the proviso therein) and will comply with Rule 433in any event prior to the Closing Date.
(b) The Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Preliminary Prospectus at any time and the Final Prospectus and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purposepart thereof and, in the event of the issuance of any stop order, will use its best efforts to obtain as soon as possible its lifting, including, if necessary, by filing an amendment to the Registration Statement or a new registration statement and using its best efforts to have such amendment or new registration statement declared effective as soon as practicable. The Company will advise the Lead Underwriter promptly, and (iv) confirm such advice in writing of the receipt by the Company of any notification with respect notice of objection of the Commission to the suspension use of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, to obtain as soon as possible the withdrawal thereof.
(c) If, at any time when a prospectus relating to the Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative of such event and will promptly prepare and file with the Commission and furnish, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an post-effective amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof.
(d) As soon as practicable, but not later than June 30, 2008, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement and satisfying the provisions of Section 11(a) of the Act and Rule 158.
(e) The Company will furnish to the Representative copies of the Registration Statement, including all exhibits, any Statutory Prospectus, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax thereto pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.Rule 401(g)
Appears in 1 contract
Samples: Underwriting Agreement (Sunoco Inc)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters, one copy of the registration statement relating to the Offered Securities, including all exhibits, in the form it became effective and of all amendments thereto (but, in all cases, only with respect to any such documents that are not electronically available through the Commission’s XXXXX filing system) and that, in connection with the offering of the Offered Securities:
(a) The Company has filed or will file each Statutory the supplement to the Prospectus (including that reflects the Final Prospectus) terms of offering of the Offered Securities with the Commission pursuant to and in accordance with Rule 424(b)(2subparagraph (1) or (2) (or, if applicable and as consented to by the RepresentativeCSFB, subparagraph (5)which consent shall not be unreasonably withheld) of Rule 424(b) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this AgreementAgreement (or, if applicable and if consented to by CSFB, which consent shall not be unreasonably withheld, subparagraph (4) or (5)). The Company has complied and will comply with advise CSFB promptly of any such filing pursuant to Rule 433424(b).
(b) The Company will advise CSFB promptly advise the Representative of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any not effect such amendment or supplementsupplementation without CSFB’s consent; which consent shall not be unreasonably withheld, and the Company will also advise the Representative CSFB promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative CSFB of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the RepresentativeCSFB’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof6.
(d) As soon as practicable, but not later than June 30, 2008the Availability Date (as defined below), the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the effective date of this Agreement and satisfying the Registration Statement that will satisfy the provisions of Section 11(a) of the Act and Rule 158Act. For the purpose of the preceding sentence, “Availability Date” means the date by which the Company is required to file its Form 10-Q with the Commission after the end of the fourth fiscal quarter following the fiscal quarter that includes such effective date, except that, if such fourth fiscal quarter is the last quarter of the Company’s fiscal year, “Availability Date” means the date by which the Company is required to file its Form 10-K for that fiscal year with the Commission.
(e) The Company will furnish to the Representative copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, and the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably CSFB requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for furnish such information as may be required and otherwise cooperate in qualifying the qualification of the Offered Securities for offer and sale and the determination of their eligibility for investment under the securities or blue sky laws of such states or other jurisdictions as the Representative reasonably CSFB designates and will continue such qualifications in effect so long as required for the distribution provided distribution; provided, however, that the Company will shall not be required to qualify as a foreign corporation or to file a general consent to the service of process under the laws of any such jurisdiction (except service of process with respect to the offering and sale of the Offered Securities). The Company shall promptly advise the Representative of the receipt by the Company of any notification with respect to the suspension of the qualification of the Offered Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such jurisdictionpurpose.
(g) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Offered Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate CSFB designates and the printing of memoranda relating thereto, costs and expenses related for any filing fee incident to the a review by the National Association of Securities Deals NASD, Inc. of the Offered Securities; (ix) , for any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of the Securities from Offered Securities, including the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because cost of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters aircraft chartered in connection with attending or hosting such meetings, and for expenses incurred in distributing the proposed purchase and sale of the Securities. The Company shall not be liable Prospectus, any preliminary prospectuses, any preliminary prospectus supplements or any other amendments or supplements to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition Prospectus to the foregoing, the Company will also pay the expenses of the Qualified Independent UnderwriterUnderwriters.
(h) In connection with For the offering, until period specified below (the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date“Lock-Up Period”), the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any additional shares of its Securities or file with the Commission a registration statement under the Securities Act relating to, securities convertible into or exchangeable or exercisable for any debt securities issued or guaranteed by the Company and having a maturity shares of more than one year from the date of issue, or any options or derivatives in respect of such debt securitiesits Securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition pledge or filingdisposition, without the prior written consent of CSFB, except (i) issuances of Securities pursuant to the Representative; provided that this provision shall conversion or exchange of convertible or exchangeable securities or the exercise of warrants or options, in each case outstanding on the date hereof, (ii) issuances of Securities or grants of employee stock options pursuant to the terms of a plan in effect on the date hereof, including the Company’s 401(k) Plan, the 2004 Stock Award and Incentive Plan, the Direct Stock Purchase and Dividend Reinvestment Plan, the Deferred Compensation and Stock Purchase Plan for Non-Employee Directors and the Employee Stock Gift Program, and (iii) issuances of Securities pursuant to the exercise of such employee stock options. In addition, without the prior written consent of CSFB, the Company will not prohibit borrowings file with the Commission, or publicly disclose the intention to make any such filing of, a registration statement under the credit facilities existing Act, other than (x) registration statements on Form S-8, (y) registration statements in connection with the Registration Rights Agreement and (z) registration statements on Form S-4 or registration statements related to offerings in which the stated use of proceeds is the acquisition of another business or substantially all of the assets of another business. The initial Lock-Up Period will commence on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain continue and include the date 90 days after the date hereof or such listing as long as the Securities are outstandingearlier date that CSFB consents to in writing; provided, however, that if (1) during the Company can no longer maintain such listinglast 17 days of the initial Lock-Up Period, the Company will use all reasonable commercial efforts releases earnings results or material news or a material event relating to obtain and maintain the listing Company occurs or (2) prior to the expiration of the Securities initial Lock-Up Period, the Company announces that it will release earnings results during the 16-day period beginning on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division the last day of the McGraw Hillinitial Lock-Up Period, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings then in each case the Lock-Up Period will be extended until the expiration of the Securities.
18-day period beginning on the date of release of the earnings results or the occurrence of the material news or material event, as applicable, unless CSFB waives, in writing, such extension; provided, however, that if after any announcement described in clause (m2) of this sentence, the Company announces that it will not release earnings results during the 16-day period beginning on the last day of the initial Lock-Up Period, the Lock-Up Period shall expire at the later of the initial Lock-Up Period end date and the end of any extension of the Lock-Up Period pursuant to clause (1) of this sentence. The Company will cooperate provide CSFB with the Underwriters and use its reasonable best endeavours notice of any announcement described in this paragraph that gives rise to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions an extension of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings incomeLock-Up Period.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters, one signed copy of the Registration Statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with the appropriate subsection of Rule 424(b)(2) (or, if applicable and consented to by the Representative, subparagraph (5)424(b) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Lead Underwriter's consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof5.
(d) As soon as practicable, but not later than June 3018 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders security holders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of this the Registration Statement relating to the Registered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Lead Underwriter reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and and, if requested by the Lead Underwriter, the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably Lead Underwriter designates and will continue such qualifications in effect so long as required for the distribution provided distribution; provided, however, that the Company will shall not be required obligated to file any general consent to service or process or to qualify as a foreign corporation or to file as a general consent to service of process dealer in securities in any such jurisdictionjurisdiction which it is not so qualified or to subject itself to taxation in respect of any business in any jurisdiction which it is not otherwise so subject.
(g) During the period of five years after the date of any Terms Agreement, the Company will furnish to the Representatives and, upon request, to each of the other Underwriters, if any, as soon as practicable after the end of each fiscal year, a copy of its annual report to shareholders for such year; and the Company will furnish to the Representatives (i) as soon as available, a copy of each report and any definitive proxy statement of the Company filed with the Commission under the Securities Exchange Act of 1934 or mailed to shareholders, and (ii) from time to time, such other information concerning the Company as the Company shall furnish to its shareholders generally.
(h) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement, ) and will reimburse the Securities, the Supplemental Indenture Underwriters (if and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (viextent incurred by them) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and or other expenses (including fees and disbursements of counsel) incurred by them in connection with qualification of the Registered Securities for sale and determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Lead Underwriter may designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Offered Securities; and (x) expenses incurred in distributing , for any applicable filing fee of the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) National Association of Securities Dealers, Inc. relating to the Underwriters and expenses incurred Registered Securities, for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s 's officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of Registered Securities and for expenses incurred in distributing the Securities from Prospectus, any preliminary prospectuses, any preliminary prospectus supplements or any other amendments or supplements to the Prospectus to the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the The Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any to United States dollar-denominated debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition disposal or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under Lead Underwriter for a period beginning at the credit facilities existing time of execution of the Terms Agreement and ending on the later of (i) the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale termination of the Securities syndicate and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(kii) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the SecuritiesDate.
Appears in 1 contract
Samples: Debt Securities Terms Agreement (Giddings & Lewis Inc /Wi/)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters, one signed copy of the Registration Statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeLead Underwriter, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the initial or any additional registration statement as filed or the related prospectus or the Registration Statement or any Statutory the Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any not effect such amendment or supplementsupplementation without the Lead Underwriter's consent; and the Company will also advise the Representative Lead Underwriter promptly of the effectiveness of each Registration Statement (iif its Effective Time is subsequent to the execution and delivery of this Agreement) the filing and of any such amendment or supplement, (ii) any request by supplementation of a Registration Statement or the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the a Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Lead Underwriter's consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof5.
(d) As soon as practicable, but not later than June 30, 2008the Availability Date (as defined below), the Company will make generally available to its securityholders holders of the Offered Securities an earnings statement covering a period of at least 12 months beginning after the date Effective Date of this Agreement and satisfying the Registration Statement which will satisfy the provisions of Section 11(a) of the Act and Rule 158.
(e) The Company will furnish to Act. For the Representative copies purpose of the Registration Statementpreceding sentence, including all exhibits, any Statutory Prospectus, "Availability Date" means the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as 45th day after the Representative reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification end of the Securities for sale and fourth fiscal quarter following the determination of their eligibility for investment under fiscal quarter that includes such Effective Date, except that, if such fourth fiscal quarter is the laws of such jurisdictions as the Representative reasonably designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses last quarter of the Company’s legal advisors; (ii) 's fiscal year, "Availability Date" means the fees, disbursements and expenses of 90th day after the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws end of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriterfourth fiscal quarter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Underwriting Agreement (American Financial Group Inc)
Certain Agreements of the Company. The Company agrees with the several Underwriters Purchaser that:
(a) The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and consented to by the Representative, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Purchaser promptly of any proposal to amend or supplement the Registration Statement Preliminary Offering Circular or any Statutory Prospectus at any time Final Offering Circular and will offer the Representative a reasonable opportunity to comment on any not effect such amendment or supplement; and supplementation without the Company will also advise the Representative promptly of (i) the filing of any Purchaser’s consent, such amendment consent not to be unreasonably withheld or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purposedelayed. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, to obtain as soon as possible the withdrawal thereof.
(c) If, at any time when a prospectus relating prior to the completion of the resale of the Offered Securities is (by the Purchaser, there occurs an event or but for the exemption in Rule 172 would be) required to be delivered under the Act by any Underwriter or dealer, any event occurs development as a result of which any document included in the Preliminary Offering Circular or Final Prospectus as then amended Offering Circular, the General Disclosure Package or supplemented any Supplemental Marketing Material included or would include an untrue statement of a material fact or omitted or would omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were madeprevailing at such time, not misleading, or if it is necessary at any such time to amend the Registration Statement or supplement the Preliminary Offering Circular or Final Prospectus Offering Circular, the General Disclosure Package or any Supplemental Marketing Material to comply with the Actany applicable law, the Company promptly will promptly notify the Representative Purchaser of such event and promptly will promptly prepare and file with the Commission and furnishprepare, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the RepresentativePurchaser’s consent to, nor the Underwriters’ its delivery to offerees or investors of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 6. The first sentence of this subsection does not apply to statements in or omissions from any document in the Preliminary Offering Circular or Final Offering Circular, the General Disclosure Package or any Supplemental Marketing Material made in reliance upon and in conformity with written information furnished to the Company by the Purchaser specifically for use therein, it being understood and agreed that the only such information is that described as such in Section 8(b) hereof.
(d) As soon as practicable, but not later than June 30, 2008, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement and satisfying the provisions of Section 11(a) of the Act and Rule 158.
(eb) The Company will furnish to the Representative Purchaser copies of the Registration StatementPreliminary Offering Circular, including all exhibits, any Statutory Prospectuseach other document comprising a part of the General Disclosure Package, the Final Prospectus and Offering Circular, all amendments and supplements to such documentsdocuments and each item of Supplemental Marketing Material, in each case as soon as available and in such quantities as the Representative Purchaser reasonably requests, and the Company will furnish to the Purchaser on the date hereof three copies of each of the foregoing documents signed by a duly authorized officer of the Company, one of which in the case of the Preliminary Offering Circular and Final Offering Circular will include the independent accountants’ reports manually signed (or signed by facsimile to be followed up with a manual signature if requested after the Closing Date by Purchaser) by such independent accountants. At any time when the Company is not subject to Section 13 or 15(d) of the Exchange Act, the Company will promptly furnish or cause to be furnished to the Purchaser and, upon request of holders and prospective purchasers of the Offered Securities, to such holders and purchasers, copies of the information required to be delivered to holders and prospective purchasers of the Offered Securities pursuant to Rule 144A(d)(4) under the Securities Act (or any successor provision thereto) in order to permit compliance with Rule 144A in connection with resales by such holders of the Offered Securities. The Company will pay the expenses of printing and distributing to the Underwriters Purchaser all such documents.
(fc) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions in the United States and Canada as the Representative reasonably Purchaser designates and will continue such qualifications in effect so long as required for the distribution resale of the Offered Securities by the Purchaser, provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictionstate.
(d) During the period of two years after the Closing Date, the Company will, upon request, furnish to the Purchaser and any holder of Offered Securities a copy of the restrictions on transfer applicable to the Offered Securities.
(e) During the period of two years after the Closing Date, the Company will not, and will not permit any of its affiliates (as defined in Rule 144 under the Securities Act) to, resell any of the Offered Securities that have been reacquired by any of them.
(f) During the period of two years after the Closing Date, the Company will not be or become, an open-end investment company, unit investment trust or face-amount certificate company that is or is required to be registered under Section 8 of the Investment Company Act.
(g) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement, the Warrant Agreement, the Indenture, the Registration Rights Agreement and each of the IndenturesAncillary Documents, including, subject to receipt of sufficiently itemized accounts including (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent Trustee, the Warrant Agent and their respective professional advisorsadvisers; (vii) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the SecuritiesOffered Securities and, as applicable, the Exchange Securities (as defined in the Registration Rights Agreement), the preparation and printing of this Agreement, the Registration Rights Agreement, the Ancillary Documents, the Offered Securities, the Supplemental Indenture and the New Indenture, the Warrant Agreement, the Preliminary Prospectus and Offering Circular, any other documents comprising any part of the General Disclosure Package, the Final Prospectus and Offering Circular, all amendments and supplements thereto, each item of Supplemental Marketing Material and any other document relating to the issuance, offer, sale and delivery of the Offered Securities and as applicable, the Exchange Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (viiiii) the cost of any advertising approved by the Company in connection with the issue of the Offered Securities; (viiiiv) any filing fees and other expenses (including reasonable fees and disbursements of counsel) incurred in connection with qualification of the Offered Securities or the Exchange Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate Purchaser designates and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ixv) for any fees charged by investment rating agencies for the rating of the Offered Securities or the Exchange Securities; and (xvi) for expenses incurred in distributing the Preliminary Prospectus and Offering Circular, any other documents comprising any part of the General Disclosure Package, the Final Prospectus Offering Circular (including any amendments and supplements thereto) and any Supplemental Marketing Material to the Underwriters Purchaser; and (vii) any reasonable fees and expenses incurred for preparingin connection with the creation and perfection of liens on the Collateral pursuant to the Security Documents (including reasonable fees and disbursements of counsel to the Initial Purchaser related thereto), printing including in connection with the filing of financing statements, fixture filings and distributing any Issuer Free Writing Prospectuses to investors or prospective investorsfilings with the United States Patent and Trademark Office and Copyright Office. The Company agrees to will also pay or reimburse the Underwriters Purchaser (to the extent incurred by them) for all reasonable travel expenses of the Underwriters Purchaser and the Company’s officers and employees and any other reasonable expenses of the Underwriters Purchaser and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of the Offered Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent UnderwriterPurchaser.
(h) In connection with the offering, until the Underwriters Purchaser shall have notified the Company of the completion of the resale of the Offered Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Offered Securities or attempt to induce any person to purchase any Offered Securities; and neither they it nor any of their its affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Offered Securities.
(i) After For a period of 180 days after the date of the initial offering of the Offered Securities by the Underwriters and until the day which is 90 days after the Closing DatePurchaser, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act (other than as contemplated by the Registration Rights Agreement) relating to, any United States dollar-denominated debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue. The Company will not at any time offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any securities under circumstances where such offer, sale, pledge, contract or disposition or filing, without would cause the prior written consent exemption afforded by Section 4(2) of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom Securities Act or the Republic safe harbor of France, including any interest and penalties, that may Regulation S thereunder to cease to be payable by applicable to the Underwriters on the creation, issuance offer and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Offered Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Purchase Agreement (Alion Science & Technology Corp)
Certain Agreements of the Company. The Company agrees with the several Underwriters that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeLead Underwriter, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the RepresentativeLead Underwriter’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the effective date of this Agreement and satisfying the registration statement relating to the Registered Securities (as determined pursuant to Rule 158 under the Act), which will satisfy the provisions of Section 11(a) of the Act and Rule 158158 thereunder.
(e) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Lead Underwriter reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably Lead Underwriter designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement), the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and or other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Registered Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Lead Underwriter may designate and the printing of memoranda relating thereto, costs and expenses related to for any applicable filing fee incident to, the review by the National Association of Securities Deals Dealers, Inc. of the Registered Securities; (ix) , for any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of Registered Securities and for expenses incurred in distributing the Securities from Prospectus, any preliminary prospectuses, any preliminary prospectus supplements or any other amendments or supplements to the Prospectus to the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the The Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt additional shares of its Common Stock or securities issued convertible into or guaranteed by the Company and having a maturity exchangeable or exercisable for any shares of more than one year from the date of issue, or any options or derivatives in respect of such debt securitiesits Common Stock, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of Credit Suisse First Boston LLC and J.X. Xxxxxx Securities Inc. for a period beginning at the Representative; provided that this provision shall not prohibit borrowings time of execution of the Terms Agreement and ending the number of days after the Closing Date specified under “Blackout” in the credit facilities existing Terms Agreement, except issuances of Offered Securities pursuant to the Terms Agreement, issuances of Common Stock pursuant to the conversion or exchange of convertible or exchangeable securities or the exercise of warrants or options, in each case outstanding on the date hereof of the Terms Agreement, grants of employee stock options or secured financings restricted stock pursuant to the terms of accounts receivables and inventorya plan in effect on the date of the Terms Agreement, issuances of Common Stock pursuant to the exercise of such options or issuances of Common Stock pursuant to any employee benefit or retirement plan of the Company in effect on the date of the Terms Agreement. Notwithstanding the foregoing, at any time following the date which is 30 days after the Closing Date, the Company may file a “shelf registration statement” with the Commission to register securities of the Company, including additional shares of its Common Stock and/or securities convertible into or exchangeable or exercisable for any shares of its Common Stock; provided, however, that the offer, sale, pledge or other disposition of such securities shall otherwise be subject to the terms of this Section 4(h).
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(ki) The Company will use its reasonable best efforts to have the Offered Securities admitted to trading approved for listing on the Euro MTF Market of the Luxembourg The New York Stock Exchange and will maintain such listing as long as (the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&PStock Exchange”), and Mxxxx’x Investors Service Inc. (“Moody’s”) subject to provide and/or confirm their respective credit ratings notice of the Securitiesissuance.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters thatUnderwriters:
(a) The Company has filed or will to file each Statutory Prospectus (including the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and consented to by the Representative, subparagraph (5)424(b) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433.used;
(b) The (i) to furnish such information as may be required and otherwise to cooperate in qualifying the Offered Securities for offering and sale under the securities or blue sky laws of such states as the Underwriters may designate and to maintain such qualifications in effect so long as required for the distribution of the Offered Securities; provided that the Company will shall not be required to qualify as a foreign corporation or to consent to the service of the process under the laws of any such jurisdiction (except service of process with respect to the offering and sale of the Offered Securities); and (ii) to promptly advise the Representative Underwriters of any proposal to amend or supplement the Registration Statement or any Statutory Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any such amendment or supplement; and the Company will also advise the Representative promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Offered Securities for sale in any jurisdiction or the institution initiation or threatening threat of any proceedings proceeding for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, to obtain as soon as possible the withdrawal thereof.;
(c) Ifto make available to the Underwriters copies of each Registration Statement, at any time when each related preliminary prospectus, and, so long as a prospectus relating to the Offered Securities is required to be delivered under the Act in connection with sales by the Underwriters or any dealer, the Prospectus and all amendments and supplements to such documents, in each case in such quantities as the Underwriters reasonably request. The Prospectus shall be so furnished on or prior to 10:00 a.m. New York time on the second business day following the date of this Underwriting Agreement. All other documents shall be so furnished as soon as available;
(d) to advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or any Statutory Prospectus and not effect any such amendment or supplementation without the Underwriters’ consent; and the Company will also advise the Underwriters promptly of the filing of any such amendment or supplement, or the entry of a stop order suspending the effectiveness of the Registration Statement and, if the Commission should enter a stop order suspending the effectiveness of the Registration Statement, to make every commercially reasonable effort to obtain the lifting or removal of such order as soon as possible; to advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or the Prospectus and, for so long as the delivery of the Prospectus is (or, but for the exemption in Rule 172 under the Act would be) required in connection with the offer or sale of the Offered Securities, to file no such amendment or supplement to which the Underwriters shall object in writing;
(e) if necessary or appropriate, to file a registration statement pursuant to Rule 462(b) of the Act;
(f) (i) to the extent not publicly filed, to furnish to the Underwriters for a period of one (1) year from the date of this Underwriting Agreement copies of any reports or other communications which the Company shall send to its stockholders and (ii) such other information publicly disclosed by the Company as the Underwriters may reasonably request in writing regarding the Company, in each case as soon as reasonably practicable after such reports, communications, documents or information become available, or are requested in writing by the Underwriters;
(g) to advise the Underwriters promptly of the happening of any event known to the Company within the time during which a Prospectus relating to the Offered Securities is (or, but for the exemption in Rule 172 under the Act would be) required to be delivered under the Act by which would require the making of any Underwriter or dealerchange in the Prospectus then being used, any event occurs as a result of which so that the Final Prospectus as then amended or supplemented would not include an untrue statement of a material fact or omit to state any a material fact necessary to make the statements therein, in the light of the circumstances under which they were are made, not misleadingmisleading and, or if it is necessary at any time during such time, to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative of such event and will promptly prepare and file with the Commission and furnish, at its own the Company’s expense, to the Underwriters promptly such amendments or supplements to such Prospectus as may be necessary to reflect any such change and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise to furnish the Underwriters promptly a copy of any proposal to amend such proposed amendments or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, supplements before filing any such amendment or supplement shall constitute a waiver of any with the Commission;
(h) to furnish the Underwriters five (5) conformed copies of the conditions initial registration statement and of all amendments thereto (including all exhibits thereto);
(i) to apply the net proceeds from the sale of the Offered Securities in the manner set forth under the caption “Use of Proceeds” in Section 7 hereof.the Prospectus;
(dj) As soon as practicableto pay all costs, but not later than June 30expenses, 2008, fees and taxes in connection with (i) the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement preparation and satisfying the provisions of Section 11(a) of the Act and Rule 158.
(e) The Company will furnish to the Representative copies filing of the Registration Statement, including all exhibitseach preliminary prospectus, any each Statutory Prospectus, the Final Prospectus and all any amendments or supplements thereto, and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requests. The Company will pay the expenses of printing and distributing furnishing of copies of each thereof to the Underwriters all such documents.
(fincluding costs of mailing and shipment); (ii) The Company will arrange for the registration, issuance, sale and delivery of the Offered Securities; (iii) the printing of this Underwriting Agreement and any closing documents (including compilations thereof) and the reproduction and/or printing and furnishing of copies of each thereof to the Underwriters (including costs of mailing and shipment); (iv) the qualification of the Offered Securities for offering and sale under state laws and the determination of their eligibility for investment under state laws as aforesaid (including associated filing fees and the laws reasonable legal fees and disbursements of such jurisdictions as the Representative reasonably designates and will continue such qualifications in effect so long as required counsel for the distribution provided that Underwriters) and the Company will not be required to qualify as a foreign corporation or to file a general consent to service printing and furnishing of process in copies of any such jurisdiction.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental blue sky surveys to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery any listing of the Securities, Offered Securities on any securities exchange or qualification of the preparation and printing of this Agreement, Offered Securities for quotation on the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, NASDAQ Global Market and any other document relating to registration thereof under the issuance, offer, sale and delivery of the SecuritiesExchange Act; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market review, if any, of the Luxembourg Stock Exchange and any expenses incidental thereto, including those public offering of the Luxembourg listing agentOffered Securities by the FINRA (including associated filing fees and the reasonable legal fees and disbursements of counsel for the Underwriters); (vii) the cost of any advertising approved by the Company presentations or meetings undertaken in connection with the issue marketing of the Securities; (viii) any filing fees offer and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Offered Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations prospective investors and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by sales force, including, without limitation, expenses associated with the Underwriters production of road show slides and graphics, fees and expenses of any consultants engaged in connection with the proposed purchase road show presentations, travel, lodging and sale other expenses incurred by the officers of the Securities. The Company shall not be liable to and any such consultants, and the Underwriters for loss cost of contemplated profits from any aircraft chartered in connection with the transactions covered by this Agreement. Other than road show; and (viii) the performance of the other obligations of the Company hereunder; provided, however, that except as otherwise set forth in this Section 5(h) each of Underwriting Agreement, the parties hereto Underwriters shall bear all out-of-pocket pay their own costs and expenses, including the costs and expenses incurred by them. In addition to of counsel for the foregoing, Underwriters;
(k) for so long as the Company will also pay the expenses delivery of the Qualified Independent Underwriter.
Prospectus is (hor, but for the exemption in Rule 172 under the Act would be) In required in connection with the offeringoffer or sale of the Offered Securities, until to furnish to the Underwriters shall have notified a reasonable period of time before filing with the Company Commission a copy of any document proposed to be filed pursuant to Section 13, 14 or 15(d) of the completion of Exchange Act and to not make any filing to which the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.Underwriters reasonably object;
(il) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will to not offer, sell, contract to sell, pledge or otherwise dispose oftake, directly or indirectly, any action designed to or file with the Commission a registration statement which may constitute or which might reasonably be expected to cause or result, under the Securities Exchange Act relating or otherwise, in the stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of the Offered Securities;
(m) not to, any debt securities issued or guaranteed by the Company and having for a maturity of more than one year from period commencing on the date of issue, or any options or derivatives in respect this Underwriting Agreement and ending on the close of such debt securities, or publicly disclose business on the intention to make any such offer, sale, pledge, disposition or filing30th day after the date of the Prospectus, without the prior written consent of Pacific Growth Equities, LLC, effect the RepresentativeDisposition of, directly or indirectly, any Securities other than the sale of the Offered Securities hereunder; provided that nothing in this provision Underwriting Agreement shall not prohibit borrowings prevent the Company’s issuance of (i) equity securities under the credit facilities existing on the date hereof Company’s currently authorized equity incentive plans, including its employee stock purchase plan, or secured financings upon exercise of accounts receivables and inventory.
outstanding equity awards, (jii) The Company will indemnify and hold harmless the Underwriters against securities issued or sold in connection with any documentary, stamp corporate strategic development of similar transaction or similar issuance tax that may be imposed (iii) any merger or acquisition transaction approved by the United StatesCompany’s board of directors. Notwithstanding the foregoing, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by if (i) the Company hereunder shall be made without withholding issues an earnings release or deduction for material news, or on account of any present or future taxes, duties or governmental charges whatsoever unless a material event relating to the Company is compelled by law occurs, during the last 17 days of such 30-day period, or (ii) prior to deduct or withhold the expiration of such taxes, duties or charges. In that event30-day period, the Company shall pay announces that it will release earnings results during the 16-day period beginning on the last day of such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due30-day period, the Underwriters and restriction imposed hereby shall continue to apply until the Company shall promptly coexpiration of the 18-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading day period beginning on the Euro MTF Market issuance of the Luxembourg Stock Exchange and will maintain such listing as long as earnings release or the Securities are outstandingoccurrence of the material news or material event; provided, however, that this sentence shall not apply if any research published or distributed by any Underwriter on the Company can no longer maintain would be compliant under Rule 139 of the Securities Act and the Company’s securities are actively traded as defined in Rule 101(c)(1) of Regulation M of the Securities Exchange Act;
(n) to file timely all reports and any definitive proxy or information statement required to be filed by the Company with the Commission in order to comply with the Exchange Act and the Rules and Regulations subsequent to the date of the Prospectus and for so long as the delivery of a prospectus is (or, but for the exemption in Rule 172 under the Act would be) required in connection with the offering or sale of the Offered Securities, and to promptly notify the Underwriters of such listingfiling;
(o) if, at the time this Underwriting Agreement is executed and delivered, it is necessary for a post-effective amendment to the Registration Statement or an additional registration statement to be declared effective before the offering of the Offered Securities may commence, the Company will endeavor to cause such post-effective amendment or additional registration statement to become effective as soon as possible and will advise the Underwriters promptly and, if requested by the Underwriters, will confirm such advice in writing, when such post-effective amendment or additional registration statement has become effective; and
(p) to use all commercially reasonable commercial efforts to obtain and maintain the listing quotation of the Offered Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary the NASDAQ Global Market and to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate file with the Underwriters NASDAQ Global Market all documents and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed notices required by the CompanyNASDAQ Global Market of companies that have securities traded in the over-the-counter market and quotations for which are reported by the NASDAQ Global Market.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters Underwriter that:
(a) Immediately following the execution of this Agreement, the Company will prepare a final Prospectus Supplement that complies with the Act and the Rules and Regulations and that reflects the terms of the offering of the Offered Securities and such other information as the Underwriter and the Company deem appropriate. The Company has filed or will file each Statutory the Prospectus (including Supplement with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2subparagraph (2) (or, or if applicable and if consented to by the RepresentativeXxxxxxx Xxxxx Xxxxxx, subparagraph (5)) of Rule 424(b) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with advise Xxxxxxx Xxxxx Barney promptly of any such filing pursuant to Rule 433424(b).
(b) The Company will advise Xxxxxxx Xxxxx Xxxxxx promptly advise the Representative of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time prior to the termination of the offering of the Offered Securities and will offer the Representative a reasonable opportunity to comment on any not effect such amendment or supplementsupplementation without Xxxxxxx Xxxxx Barney's consent, which consent shall not be unreasonably withheld or delayed; and and, prior to the termination of the offering of the Offered Securities, the Company will also advise the Representative Xxxxxxx Xxxxx Xxxxxx promptly of (i) the filing effectiveness of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to supplementation of the Registration Statement, for any supplement to any Statutory Statement or the Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any the Underwriter or any dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative Xxxxxxx Xxxxx Barney of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Xxxxxxx Xxxxx Xxxxxx'x consent to, nor the Underwriters’ Underwriter's delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof6.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of this Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the first effective date of the Registration Statement relating to the Offered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of this Agreement and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of this Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative copies Underwriter one copy of the Registration Statement, including Statement (which will contain conformed signatures and will include all exhibits), each related preliminary prospectus supplement, and, so long as a prospectus relating to the Offered Securities is required to be delivered under the Act in connection with sales by the Underwriter or any Statutory Prospectusdealer, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Xxxxxxx Xxxxx Barney reasonably requests. The Prospectus shall be so furnished on or prior to 3:00 P.M., New York time, on the business day following the execution and delivery of this Agreement. All other such documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters Underwriter all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative Xxxxxxx Xxxxx Xxxxxx reasonably designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to During the performance period of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoingtwo years hereafter, the Company will also pay furnish to the expenses Underwriter, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to the Underwriter as soon as available, a copy of each report and any definitive proxy statement of the Qualified Independent UnderwriterCompany filed with the Commission under the Exchange Act, or mailed to stockholders.
(h) In connection with the offering, until the Underwriters shall have notified the Company For a period of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After 90 days after the date of the initial public offering of the Securities by the Underwriters and until the day which is 90 days after the Closing DateOffered Securities, the Company will not offer, sell, contract to sell, announce their intention to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt additional shares of its Securities or securities issued convertible into or guaranteed by the Company and having a maturity exchangeable or exercisable for any shares of more than one year from the date of issue, or any options or derivatives in respect of such debt securitiesits Securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of Xxxxxxx Xxxxx Barney, and the Representative; provided Company shall, concurrently with the execution of this Agreement, deliver an agreement executed by each of the officers and directors of the Company listed on Schedule B hereto to the effect that this provision each such person will not engage in any of the foregoing transactions (other than bona fide pledges) with respect to any Securities or securities convertible into or exchangeable or exercisable for any Securities, in each case beneficially owned by such person during such period. The foregoing shall not prohibit borrowings under apply to (i) any Securities issuable upon the credit facilities existing exercise or redemption of an option or warrant or the conversion or exchange of a security, in each case outstanding on the date hereof of the Prospectus Supplement and in accordance with its terms of the respective securities, (ii) any securities of the Company sold or secured financings granted pursuant to the Company's incentive and other benefit plans as in effect as of accounts receivables the date of the Prospectus Supplement, (iii) any shares of its Securities issued upon exercise of the Company's issued and inventoryoutstanding Equity Rights in accordance with the terms thereof, (iv) any warrants or securities convertible into its Securities issued in exchange for any of the Company's warrants, options or Equity Rights outstanding on the date of the Prospectus Supplement, and (v) securities issued as consideration for any acquisition (pursuant to a merger or otherwise) of one or more entities.
(i) The Company agrees with the Underwriter that the Company will pay all expenses incident to the performance of the obligations of the Company under this Agreement, for any filing fees and other expenses (including reasonable fees and disburse- ments of counsel) in connection with qualification of the Offered Securities for sale under the laws of such jurisdictions as Xxxxxxx Xxxxx Xxxxxx reasonably designates and the printing of memoranda relating thereto, for the filing fee incident to the review by the National Association of Securities Dealers, Inc. of the Offered Securities, for any travel expenses of the Company's officers and employees and any other expenses of the Company in connection with attending or hosting meetings with prospective purchasers of the Offered Securities and for expenses incurred in distributing preliminary prospectuses and the Prospectus (including any amendments and supplements thereto) to the Underwriter.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax agrees that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours the net proceeds to ensure that it from the Company maintains a paying agent Offered Securities in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation manner described in the Prospectus Supplement under the caption "Use of savings incomeProceeds".
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Underwriting Agreement (Terex Corp)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to the Representatives one signed copy of the Registration Statement, including all exhibits, in the form in which it became effective and of all amendments thereto, and that, in connection with each offering of Securities:
(a) The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and consented to by the Representative, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Representatives promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Representatives a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Representatives promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(cb) If, at any time when a prospectus relating to the Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act by any Underwriter or dealerAct, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative of such event and will promptly prepare and file with the Commission and furnish, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission omissions or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof.
(dc) As soon as practicable, but not later than June 30, 2008practicable after the date of each Terms Agreement, the Company will make generally available to its securityholders security holders an earnings statement covering a period of at least 12 months beginning after the latest of (i) the effective date of this the Registration Statement, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the 12 12 date of such Terms Agreement and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(ed) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative are reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documentsrequested.
(fe) The Company will arrange for the qualification of the Securities for sale and the determination of their eligibility for investment under the laws of such U.S. jurisdictions as the Representative reasonably designates Representatives designate and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(gf) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of will reimburse the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or Underwriters for any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including reasonable fees and disbursements of counsel) incurred by them in connection with qualification of the Registered Securities for sale and determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Representatives may designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Securities; Securities and (x) for expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including Prospectus, any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees preliminary prospectuses and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition preliminary prospectus supplements to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriterunderwriters.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Terms Agreement (Dana Corp)
Certain Agreements of the Company. The Company agrees with the several Underwriters thatUnderwriter:
(a) The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) , properly completed, with the Commission pursuant to and in accordance with Rule 424(b)(2subparagraph (2) (or, if applicable and if consented to by the RepresentativeUnderwriter, subparagraph (5)) not of Rule 424(b) no later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreementused. The Company has complied and will comply with advise the Underwriter promptly of any such filing pursuant to Rule 433424(b).
(b) The Company shall file the final pricing information, which may be posted on a Bloomberg screen or distributed via Bloomberg, as a free writing prospectus.
(c) The Company will promptly advise the Representative Underwriter promptly, in writing, of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any not effect such amendment or supplementsupplementation without the Underwriter’s reasonable consent; and the Company will also advise the Representative Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to supplementation of the Registration Statement, for any supplement to any Statutory Statement or the Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(cd) If, at any time when a prospectus relating to the Securities Notes is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any the Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative Underwriter of such event and will promptly prepare and file with the Commission and furnish(subject to the Underwriter’s prior review pursuant to Section 5A(c), at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission omission, or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the RepresentativeUnderwriter’s consent to, nor the Underwriters’ Underwriter’s delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof6.
(de) As The Company will cause the Trust to make generally available to Noteholders, as soon as practicable, but not no later than June 30sixteen months after the date hereof, 2008, the Company will make generally available to its securityholders an earnings statement of the Trust covering a period of at least 12 twelve consecutive months beginning after the later of (i) the effective date of the registration statement relating to the Notes and (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of this Agreement and and, in each case, satisfying the provisions of Section 11(a) of the Act and (including Rule 158158 promulgated thereunder).
(ef) The Company will furnish to the Representative Underwriter copies of the Registration Statement, including all exhibits, any Statutory each Prospectus, the Final Prospectus Registration Statement and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Underwriter reasonably requests. The Final Prospectus shall be furnished on or prior to 3:00 P.M., New York time, on the business day following the execution and delivery of this Agreement. All other such documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters Underwriter all such documents.
(fg) The Company will arrange for the qualification of the Securities Notes for offering and sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative Underwriter may reasonably designates designate and will continue such qualifications in effect so long as required for the distribution of the Notes; provided that in connection therewith the Company will shall not be required to qualify as a foreign corporation to do business or to file a general consent to service of process in any such jurisdiction.
(gh) The For a period from the date of this Agreement until the retirement of the Notes, the Company agrees will furnish to the Underwriter, (i) copies of each certificate and the annual statements of compliance delivered to the Indenture Trustee pursuant to Section 3.09 of the Indenture and Sections 3.10 and 3.11 of the Sale and Servicing Agreement and the annual independent certified public accountant’s servicing reports furnished to the Trust pursuant to Section 3.12 of the Sale and Servicing Agreement, by first-class mail as soon as practicable after such statements and reports are furnished to the Indenture Trustee or the Trust, as the case may be, and (ii) such other forms of periodic certificates or reports as may be delivered to the Indenture Trustee, the Owner Trustee or the Noteholders under the Indenture, the Sale and Servicing Agreement or the other Basic Documents.
(i) So long as any Note is outstanding, the Company will furnish to the Underwriter by first-class mail as soon as practicable, (i) all documents distributed, or caused to be distributed, by the Company to the Noteholders, (ii) all documents filed or caused to be filed by the Company with the Commission pursuant to the Exchange Act or any order of the Commission thereunder and (iii) such other information in the possession of the Company concerning the Trust as the Underwriter from time to time may reasonably request.
(j) Subject to the provisions of Section 10 hereof, the Company will pay (A) all costs and expenses of Underwriter’s counsel in excess of $45,000 and (B) all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of will reimburse the Indentures, including, subject to receipt of sufficiently itemized accounts Underwriter (i) the fees, disbursements if and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (viextent incurred by it) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred by it in connection with qualification of the Securities Notes for sale in jurisdictions that the Underwriter may designate pursuant to Section 5A(g) hereof and determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate Underwriter reasonably designates and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including Notes, for any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees of the Underwriter and any other reasonable expenses of the Underwriters and the Company Underwriter in connection with attending or hosting meetings with prospective Underwriters purchasers of the Securities from Notes and for expenses incurred in distributing the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses Prospectus (including reasonable fees, disbursements any amendments and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Companysupplements thereto).
(k) The Company will use its reasonable best efforts to have To the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; providedextent, howeverif any, that if the Company can no longer maintain such listing, rating provided with respect to the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
Notes by Xxxxx’x Investors Service (l“Xxxxx’x”) The Company shall take all reasonable action necessary to enable or Standard & Poor’s Ratings Services, a division of the McGraw HillXxXxxx-Xxxx Companies, Inc. (“S&P”)) is conditional upon the furnishing of documents or the taking of any other action by the Company, the Company shall furnish such documents and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securitiestake any such other action.
(ml) The On or before the Closing Date, the Company will cooperate with shall annotate and indicate unambiguously in the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions computer records of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect Company relating to the Receivables to show the Trust’s absolute ownership of the Receivables, and from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to after the Closing Date the Company shall not take any action inconsistent with the Trust’s ownership of such Receivables, other than as permitted by the Sale and to satisfy all conditions precedent to the delivery of the SecuritiesServicing Agreement.
Appears in 1 contract
Samples: Underwriting Agreement (Honda Auto Receivables 2009-1 Owner Trust)
Certain Agreements of the Company. The Company agrees with the several Underwriters Purchaser that:
(a) The If required, the Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2subparagraph (1) or (2) (or, if applicable and as consented to by the RepresentativePurchaser, subparagraph (5)which consent will not be unreasonably withheld) of Rule 424(b) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this AgreementAgreement (or, if applicable and if consented to by the Purchaser, which consent will not be unreasonably withheld, subparagraph (4) or (5)). The Company has complied and will comply with advise the Purchaser promptly of any such filing pursuant to Rule 433424(b).
(b) The Company will promptly advise the Representative Purchaser promptly of any proposal to amend or supplement the registration statement as filed, or the related prospectus or the Registration Statement or any Statutory the Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any not effect such amendment or supplementsupplementation without the Purchaser's consent, which consent will not be unreasonably withheld; and the Company will also advise the Representative Purchaser promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to supplementation of the Registration Statement, for any supplement to any Statutory Statement or the Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use reasonably its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time during the period when a prospectus relating to the Securities Purchased Shares is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter the Purchaser or dealer, which shall in no event end earlier (but may end later) than the final Settlement Date (as defined in the Equity Forward) under the Equity Forward, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative Purchaser of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof.
(d) As soon as practicable, but not later than June 30, 2008, the Company will make generally available to its securityholders security holders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement and satisfying Effective Date which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Purchaser copies of the Registration Statement, including (2 of which will be signed and will include all exhibits), any Statutory and, during the period referred to in paragraph (c) above, the Prospectus, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably Purchaser requests. The Prospectus shall be so furnished on or prior to 3:00 P.M., New York time, on the business day following the Execution Time. All other such documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters Purchaser all such documents.
(f) The Company will arrange for the qualification of the Securities Purchased Shares for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative Purchaser reasonably designates and will continue such qualifications in effect so long as required for the distribution provided of the Purchased Shares; provided, however, that the Company will shall not be required in connection therewith to qualify as a foreign corporation in any jurisdiction in which it is not now so qualified or to file a take any action that would subject it to general consent to service of process or taxation other than as to matters and transactions relating to the Prospectus or the Registration Statement or the offering or sale of the Purchased Shares, in any such jurisdictionjurisdiction in which it is not now so subject.
(g) The Company agrees will commence on or prior to the date hereof (the "Mailing Date") the mailing of the required notice of the redemption of the Convertible Securities on the Redemption Date in the form submitted to the Purchaser and will furnish to the Purchaser copies thereof in such quantities as it requests.
(h) The Company will direct the Agent to advise the Purchaser's Transactions Advisory Group daily by telephone confirmed by facsimile of the principal amount of Convertible Securities surrendered for conversion into shares of Common Stock on the preceding day and the principal amount of Convertible Securities tendered to and accepted by the Agent for redemption.
(i) The Company will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery charges of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental theretoAgent, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities Purchased Shares for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate Purchaser designates and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the CompanyPurchaser.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain arrange for the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive Purchased Shares on the taxation New York Stock Exchange, subject to notice of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it issuance, prior to the Closing Date and to satisfy all conditions precedent to the delivery of the SecuritiesRedemption Date.
Appears in 1 contract
Samples: Standby Agreement (Seacor Smit Inc)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish or otherwise make available to counsel for the Underwriters, one conformed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeCSFBC, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433.
(b) The During such period as, in the opinion of counsel for the Underwriters, a prospectus is required by law to be delivered in connection with sales by an Underwriter or a dealer, the Company will advise CSFBC promptly advise the Representative of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time (except in the case of Annual Reports filed on Form 10-K or Quarterly Reports filed on Form 10-Q) and will offer the Representative afford CSFBC a reasonable opportunity to comment on any such proposed amendment or supplementsupplement (except in the case of reports to be filed by the Company in the ordinary course pursuant to the Exchange Act); and and, during such period as, in the opinion of counsel for the Underwriters, a prospectus is required by law to be delivered in connection with sales by an Underwriter or a dealer, the Company will also advise the Representative CSFBC promptly of (i) the filing of any such amendment or supplement, supplement (ii) any request except in the case of reports to be filed by the Commission or its staff for any amendment Company in the ordinary course pursuant to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iiiExchange Act) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative CSFBC of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s CSFBC's consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 6 hereof.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of this Agreement, the Company will make generally available to its securityholders security holders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of this Agreement and satisfying (ii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of this Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish or make generally available to the Representative copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, and any related preliminary prospectus supplement, upon request of the Final Representative, and the Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative CSFBC reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for cooperate with the Representative in connection with the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably CSFBC designates and will continue such qualifications in effect so long as required for the distribution provided of the Offered Securities; provided, however, that the Company will shall not be required in connection therewith to qualify as a foreign corporation in any jurisdiction in which it is not now so qualified or to file a take any action that would subject it to general consent to service of process or taxation other than as to matters and transactions taken by Company as contemplated herein that relates to the Prospectus, the Registration Statement, or the offering of the Offered Securities in any such jurisdictionjurisdiction in which it is not now so qualified.
(g) During the period of two years hereafter, the Company will furnish or make generally available to the Representative and, upon request, to each of the other Underwriters, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders, if any, for such year; and the Company will furnish to the Representative as soon as available, a copy of each report and any definitive proxy statement of the Company filed with the Commission under the Securities Exchange Act of 1934 or mailed to stockholders.
(h) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Offered Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate CSFBC designates and the printing of memoranda relating thereto, costs and for any travel expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) Company's officers and employees and any fees charged by investment rating agencies for the rating other expenses of the Securities; Company in connection with attending or hosting meetings with prospective purchasers of the Offered Securities and (x) for expenses incurred in distributing the Preliminary Prospectus preliminary prospectuses, if any, and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the The Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any to debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on CSFBC for a period beginning at the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by Agreement and ending at the Company hereunder shall be made without withholding or deduction for or on account later of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery lifting of trading restrictions by the SecuritiesRepresentatives.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters, one signed copy of the Registration Statement, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeLead Underwriter, subparagraph (5)) thereof) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Lead Underwriter's consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(d) As soon as practicable, but not later than June 30, 200816 months after the date of each Terms Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of this the Registration Statement, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Lead Underwriter reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and (if the Offered Securities are Debt Securities, Stock Purchase Contracts or Units) the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably Lead Underwriter designates and will continue such qualifications in effect so long as required for the distribution provided distribution; provided, however, that the Company will shall not be required to qualify as a foreign corporation in any jurisdiction where it is not now so qualified or to file a take any action which would subject it to general consent to service of process in any such jurisdictionjurisdiction where it is not now so subject.
(g) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto), including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viiii) any filing fees and or other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Registered Securities for sale sale, listing on the Stock Exchange (if the Offered Securities are Common Stock, securities convertible into or exercisable for Common Stock or Preferred Stock) and (if the Offered Securities are Debt Securities, Stock Purchase Contracts or Units) any determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Lead Underwriter may designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ixii) any fees charged by investment rating agencies for the rating of the Offered Securities (if they are Debt Securities; and ), (xiii) expenses incurred in distributing any applicable filing fee incident to, the Preliminary Prospectus and review by the Final Prospectus National Association of Securities Dealers, Inc. of the Registered Securities, (including iv) any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s 's officers and employees and employees, (v) any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of Registered Securities and (vi) expenses incurred in distributing the Securities from Prospectus, any preliminary prospectuses, any preliminary prospectus supplements or any other amendments or supplements to the Prospectus to the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with If the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Offered Securities are Debt Securities or attempt to induce any person to purchase any Units containing Debt Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any to United States dollar-denominated debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, issue (if the Offered Securities are Debt Securities or any options or derivatives in respect of such debt securitiesUnits containing Debt Securities), or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall Lead Underwriter for a period beginning at the time of execution of the Terms Agreement and ending the number of days after the Closing Date specified under "Blackout" in the Terms Agreement.
(i) If the Offered Securities are Common Stock, Preferred Stock, Stock Purchase Contracts, convertible into Common Stock or Units containing Common Stock or Stock Purchase Contracts, the Company will not prohibit borrowings offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the credit facilities existing Act relating to, any additional shares of its Common Stock, Preferred Stock, Stock Purchase Contracts, Units or securities convertible into or exchangeable or exercisable for any shares of its Common Stock, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Lead Underwriter for a period beginning at the time of execution of the Terms Agreement and ending the number of days after the Closing Date specified under "Blackout" in the Terms Agreement, except issuances of Common Stock pursuant to the conversion or exchange of convertible or exchangeable securities or the exercise of warrants or options, in each case outstanding on the date hereof of the Terms Agreement, grants of employee stock options pursuant to the terms of a plan in effect on the date of the Terms Agreement, issuances of Common Stock pursuant to the exercise of such options or secured financings issuances of accounts receivables and inventoryCommon Stock pursuant to the Company's dividend reinvestment plan.
(j) The Company will indemnify use its best efforts to effect the listing of (A) Offered Securities that are shares of Common Stock, (B) shares of Common Stock issuable upon the conversion or exercise of the Offered Securities, and hold harmless (C) shares of Preferred Stock, as the Underwriters against any documentarycase may be, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creationStock Exchange, issuance and sale of to cause such Offered Securities to be registered under the Securities and on the execution and delivery Exchange Act of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes1934, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Companyamended ("1934 Act").
(k) The Company will use its reasonable best efforts to have In the Securities admitted to trading on the Euro MTF Market case of the Luxembourg Stock Exchange and will maintain such listing as long as the issuance of Offered Securities are outstanding; provided, however, that if the Company can no longer maintain such listingconvertible into or exercisable for Common Stock, the Company will use agrees to reserve and keep available at all reasonable commercial efforts times, free of preemptive rights, shares of Common Stock for the purpose of enabling the Company to obtain and maintain the listing satisfy any obligations to issue shares of Common Stock upon conversion or exercise of the Securities on another recognized stock exchangeOffered Securities, as the case may be.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Underwriting Agreement (Exelon Corp)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters, if available, one signed copy of the Registration Statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeLead Underwriter, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the RepresentativeLead Underwriter’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of this the registration statement relating to the Registered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company’s most recent Annual Report on Form 10-K, as amended, filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative copies Representatives one copy each of the Registration Statement, including all exhibits, one copy each of any Statutory Prospectusrelated preliminary prospectus, if available, and copies of any related preliminary prospectus supplement related to the Offered Securities, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Lead Underwriter reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions of the United States as the Representative reasonably Lead Underwriter designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) During the period of five years after the date of any Terms Agreement, the Company will furnish or otherwise make available to the Representatives and, upon request, to each of the other Underwriters, if any, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish or otherwise make available to the Representatives (i) as soon as available, a copy of each report and any definitive proxy statement of the Company filed with the Commission under the Exchange Act or mailed to stockholders, and (ii) from time to time, such other information concerning the Company as the Lead Underwriter may reasonably request.
(h) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto), including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) but not limited to any filing fees and or other expenses (including reasonable legal fees and disbursements of counsel) incurred in connection with qualification or exemption of the Offered Securities for sale under the securities and real estate syndication laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Lead Underwriter may designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Offered Securities; , for any applicable filing fee and (x) expense incident to, any review by the National Association of Securities Dealers, Inc. of the Registered Securities, for all expenses incurred in distributing incident to the Preliminary Prospectus registration of the Offered Securities and the Final Prospectus (including printing and the word processing of copies of the Registration Statement, any amendments prospectus and supplements thereto) to this Agreement, for the Underwriters fees and expenses incurred of the Mellon Investor Services, LLC, including if required the fees and disbursements of counsel for preparingthe Mellon Investor Services, printing LLC in connection with the Offered Securities, for the fees and distributing expenses of any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse depositary in connection with holding the Underwriters (to the extent incurred by them) Offered Securities in book-entry form, for all reasonable any travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfiedRegistered Securities, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incident to listing the Registered Securities on the NYSE or any other securities exchange, and for expenses incurred by them. In addition in distributing the Prospectus, any preliminary prospectus supplements or any other amendments or supplements to the foregoing, Prospectus to the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the SecuritiesUnderwriters.
(i) After The Company, without the prior written consent of Wachovia Capital Markets, LLC, will not, during the period ending 30 days after the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing DateProspectus Supplement, the Company will not (i) offer, pledge, sell, contract to sell, pledge sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or file with the Commission a registration statement under the Securities Act relating toany securities convertible into or exercisable or exchangeable for Common Stock or (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any debt securities issued of the economic consequences of ownership of the Common Stock, whether any such transaction described in clause (i) or guaranteed (ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise. The foregoing sentence shall not apply to (A) the Registered Securities to be sold hereunder, (B) the issuance by the Company and having a maturity of more than one year from shares of Common Stock or options, rights or other securities convertible into or exercisable for shares of Common Stock pursuant to any equity incentive plan, stock ownership or purchase plan, dividend reinvestment plan or other equity plan of the Company in effect as of the date of issuethe Prospectus Supplement, or any (C) the issuance by the Company of shares of Common Stock issuable upon the conversion or exchange of securities or the exercise of warrants or options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent outstanding as of the Representative; provided that this provision shall not prohibit borrowings under date of the credit facilities existing on the date hereof or secured financings of accounts receivables and inventoryProspectus Supplement.
(j) The Company will indemnify and hold harmless not take, directly or indirectly, any action designed to or that would constitute or that might reasonably be expected to cause or result in, under the Underwriters against any documentaryExchange Act of otherwise, stamp stabilization or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale manipulation of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account price of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction security of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding facilitate the sale or deduction resale of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the CompanyOffered Securities.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on net proceeds received by it from the Euro MTF Market sale of the Luxembourg Stock Exchange and will maintain such listing as long as Offered Securities sold by it in the Securities are outstanding; provided, however, that if manner specified in the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing Prospectus Supplement under “Use of the Securities on another recognized stock exchangeProceeds”.
(l) The Company shall take all reasonable action necessary will use its best efforts to enable Standard & Poor’s Ratings Services, continue to meet the requirements for qualification as a division of “real estate investment trust” under the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the SecuritiesCode.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours efforts to permit effect the listing of the Offered Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by on the CompanyNYSE.
(n) The Company undertakes thatwill obtain and deliver to Wachovia Capital Markets, since the provisions LLC signed copies of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect lock-up agreement attached as Exhibit A from July 1, 2005, it will use each of its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
executive officers (o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed as defined under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery Section 16 of the SecuritiesExchange Act) and directors as soon as possible. The parties expect that all such lock ups will be delivered to Wachovia Capital Markets, LLC not later than the closing date; or as soon as possible thereafter.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees agrees, with the several Underwriters Underwriter that:
(a) The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and consented to by the RepresentativeUnderwriter, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery date of this Agreement. The Company has complied and will comply with Rule 433.
(b) The Prior to 90 days after the Closing Date, the Company will promptly advise the Representative Underwriter of any proposal to amend or supplement the Registration Statement or any Statutory Prospectus (including any document incorporated by reference therein) at any time and will offer afford the Representative Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; supplement and will not effect such amendment or supplementation without the consent of the Underwriter (which consent will not be unreasonably withheld) and the Company will also advise the Representative Underwriter promptly of (i1) the filing of any such amendment or supplement, (ii2) any request by the Commission or its staff for any amendment to the any Registration Statement, for any supplement to any Statutory Prospectus (including any document incorporated by reference therein) or for any additional information, (iii3) the institution by the Commission of any stop order proceedings in respect of the a Registration Statement or the threatening of any proceeding for that purpose, and (iv4) the receipt by the Company of any notification with respect to the suspension of the qualification of the Offered Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, to and obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 under the Act would be) required to be delivered under the Act in connection with sales by any Underwriter the Underwriter, the Borrower, their affiliates or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative Underwriter of such event and will promptly prepare and file with the Commission and furnish, at its own expense, to the Underwriters Underwriter and the dealers and any other dealers upon request of the Representative, Underwriter an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the RepresentativeUnderwriter’s consent to, nor the Underwriters’ Underwriter’s delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 8. In addition, if, at any time prior to August 15, 2007, when a prospectus relating to the Offered Securities is (or for the exemption in Rule 172 under the Act would be) required to be delivered under the Act in connection with sales by the Underwriter, the Borrower, their affiliates or dealer, any event occurs as a result of which the representations and warranties of the Company made in Section 1 hereof, are no longer true and correct, the Company will promptly notify the Underwriter of such event.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of this Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement and satisfying the provisions of Section 11(a) of the Act and Rule 158.
(e) The Company will furnish to the Representative Representatives copies of the Registration StatementStatement (of which two will be signed), including all exhibits, any Statutory ProspectusProspectus relating to the Offered Securities, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Underwriter reasonably requests. The Final Prospectus shall be so furnished on or prior to 3:00 P.M., New York time, on the second business day following the execution and delivery of this Agreement. All other such documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters Underwriter all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably Underwriter designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to During the performance period of its obligations under this Agreement and each of five years after the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing date of this Agreement, the SecuritiesCompany will furnish to the Underwriter, if any, as soon as practicable after the Supplemental Indenture end of each fiscal year, a copy of its annual report to stockholders for such year; and the New IndentureCompany will furnish to the Representatives (1) as soon as available, a copy of each report and any definitive proxy statement of the Preliminary Prospectus and Company filed with the Final Prospectus and amendments and supplements theretoCommission under the Exchange Act or mailed to stockholders, and any (2) from time to time, such other document relating information concerning the Company as the Underwriter may reasonably request. However, so long as the Company is subject to the issuance, offer, sale and delivery reporting requirements of either Section 13 or Section 15(d) of the Securities; Exchange Act and is timely filing reports with the Commission on its Electronic Data Gathering, Analysis and Retrieval system (vi“XXXXX”), it is not required to furnish such reports or statements to the Underwriter.
(h) The Company agrees with the cost of listing Underwriter that the Securities and qualifying Company will pay all expenses incident to the Securities for trading on the Euro MTF Market performance of the Luxembourg Stock Exchange and any expenses incidental thereto, including those obligations of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) under this Agreement, for any filing fees and other expenses (including fees and disbursements of counselcounsel to the Company and counsel to the Underwriter) incurred in connection with qualification of the Offered Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate Underwriter designates and the preparation and printing of memoranda relating thereto, for any costs and expenses related to the review by the National Association of Securities Deals Dealers, Inc. of the Securities; Offered Securities (ix) any including filing fees charged by investment rating agencies and the fees and expenses of counsel for the rating of the Securities; and (x) Underwriter relating to such review), for expenses incurred in distributing the Preliminary Prospectus any Statutory Prospectuses and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters Underwriter and for expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses Prospectus to investors or prospective investors. The Company agrees to pay , any applicable listing or reimburse the Underwriters (to the extent incurred by them) other fees and for all reasonable any travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of the Securities from Offered Securities, including the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because cost of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters aircraft chartered in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has attending or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securitieshosting such meetings.
(i) After The Company shall use it best efforts to effect and maintain the date listing of any shares of the initial offering of the Offered Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof NASDAQ Global Market or secured financings another U.S. national securities exchange or established automated over-the-counter trading market in the United States of accounts receivables and inventoryAmerica.
(j) The Company will indemnify and hold harmless shall apply the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by net proceeds from the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Offered Securities and on the execution and delivery of this Agreement. All payments to be made being sold by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxesas set forth in the General Disclosure Package, duties or governmental charges whatsoever unless and, except as disclosed in the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that eventGeneral Disclosure Package, the Company shall pay such additional amounts as may be necessary in order that does not intend to use any of the net amounts received after such withholding or deduction shall equal proceeds from the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction sale of tax is due, the Underwriters and Offered Securities hereunder to repay any outstanding debt owed to any affiliate of the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the CompanyUnderwriter.
(k) The Company will use its reasonable best efforts not take, directly or indirectly, any action designed to have the Securities admitted or that would constitute or that might reasonably be expected to trading on the Euro MTF Market result in stabilization or manipulation of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if price of any securities of the Company can no longer maintain such listing, to facilitate the Company will use all reasonable commercial efforts to obtain and maintain the listing sale or resale of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Offered Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters that:
(a) The Company has filed or will file the final Prospectus with the Commission within the time periods specified by Rule 424(b) and Rule 430A, 430B or 430C under the Securities Act; will file any Issuer Free Writing Prospectus to the extent required by Rule 433 under the Securities Act; will file promptly all reports and any definitive proxy or information statements required to be filed by the Company with the Commission pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date of the Prospectus for so long as the delivery of a prospectus is required in connection with the offering or sale of the Shares; and will furnish copies of the Prospectus and each Statutory Issuer Free Writing Prospectus (including to the Final Prospectusextent not previously delivered) pursuant to and the Underwriters in accordance with Rule 424(b)(2) (orNew York City prior to 10:00 A.M., if applicable and consented to by the RepresentativeNew York City time, subparagraph (5)) not later than on the second business day following the earlier of next succeeding the date it is first used or the execution and delivery of this AgreementAgreement in such quantities as the Underwriters may reasonably request. The Company has complied will pay the registration fee for this offering within the time period required by Rule 456(b)(1) under the Securities Act and will comply with Rule 433in any event prior to the Closing Date.
(b) The Company will promptly advise the Representative of Underwriters as soon as reasonably practicable before preparing, using, authorizing, approving, referring to or filing any proposal to amend Issuer Free Writing Prospectus, and before filing any amendment or supplement the Registration Statement or any Statutory Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any such amendment or supplement; and the Company will also advise the Representative promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purposeProspectus, and (iv) the receipt by the Company of any notification with respect will not prepare, use, authorize, approve, refer to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of file any such stop order Issuer Free Writing Prospectus or the suspension of file any such qualification andproposed amendment or supplement without the Underwriters’ consent, if issued, to obtain as soon as possible the withdrawal thereof.
(c) which consent will not be unreasonably withheld or delayed. If, at any time when a prospectus relating prior to the Securities is (completion of the sale of the Shares by each Underwriter, there occurs an event or but for the exemption in Rule 172 would be) required to be delivered under the Act by any Underwriter or dealer, any event occurs development as a result of which the Final Registration Statement, the Disclosure Package or the Prospectus as then amended included or supplemented would include an untrue statement of a material fact or omitted or would omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were madeprevailing at such time, not misleading, or if it is necessary at any such time to amend the Registration Statement or supplement the Final Registration Statement, the Disclosure Package or the Prospectus to comply with the Actany applicable law, the Company as soon as reasonably practicable will promptly notify the Representative Underwriters and the Selling Stockholders of such event and promptly will promptly prepare and file with the Commission and furnishfile, at its their own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement supplement, which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without Neither the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery to investors of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof8.
(d) As soon as practicable, but not later than June 30, 2008, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement and satisfying the provisions of Section 11(a) of the Act and Rule 158.
(ec) The Company will furnish notify the Underwriters as soon as reasonably practicable, and confirm the notice in writing, (i) when any amendment to the Representative copies Registration Statement has been filed or becomes effective; (ii) when any supplement to the Prospectus or any Issuer Free Writing Prospectus or any amendment to the Prospectus has been filed; (iii) of any request by the Commission for any amendment to the Registration Statement or any amendment or supplement to the Prospectus or the receipt of any comments from the Commission relating to the Registration Statement or any other request by the Commission for any additional information; (iv) of the issuance by the Commission of any order suspending the effectiveness of the Registration Statement or preventing or suspending the use of any Preliminary Prospectus, any of the Pricing Disclosure Package or the Prospectus or the initiation or threatening of any proceeding for that purpose or pursuant to Section 8A of the Securities Act; (v) of the occurrence of any event within the Prospectus Delivery Period (as defined below) as a result of which the Prospectus, the Pricing Disclosure Package or any Issuer Free Writing Prospectus as then amended or supplemented would include any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances existing when the Prospectus, the Pricing Disclosure Package or any such Issuer Free Writing Prospectus is delivered to a purchaser, not misleading; (vi) of the receipt by the Company of any notice of objection of the Commission to the use of the Registration Statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Securities Act; and (vii) of the receipt by the Company of any notice with respect to any suspension of the qualification of the Shares for offer and sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; and the Company will use its best efforts to prevent the issuance of any such order suspending the effectiveness of the Registration Statement, including all exhibitspreventing or suspending the use of any Preliminary Prospectus, any Statutory Prospectusof the Pricing Disclosure Package or the Prospectus or the issuance of any notice of objection or suspending any such qualification of the Shares and, the Final Prospectus and all amendments and supplements to if any such documentsorder or notice is issued, in each case will obtain as soon as available and in such quantities as possible the Representative reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.withdrawal
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters that:
(a) The Company has filed or will file each Statutory Prospectus (including At any time when a prospectus relating to the Final Prospectus) pursuant Offered Securities is required to and in accordance with Rule 424(b)(2) (orbe delivered under the 1933 Act, if applicable and consented to by the Representative, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative of not file or make any proposal amendment to amend or supplement the Registration Statement or any Statutory supplement to the Prospectus at any time (except for periodic or current reports filed under the 0000 Xxx) unless the Company has furnished the Underwriters a copy for its review prior to filing and will offer given the Representative Underwriters a reasonable opportunity to comment on any such proposed amendment or supplement; . The Underwriters shall make its responses thereto, if any, promptly. Immediately following the execution of this Agreement, the Company will prepare a prospectus supplement, in form approved by the Underwriters, setting forth the number of shares of Offered Securities to be sold, the Underwriters' names, the price at which the Offered Securities are to be purchased by the Underwriters from the Company, the initial offering price, the selling concession and reallowance, if any, and such other information as the Underwriters and the Company deem appropriate in connection with the offering of the Offered Securities. The Company will also promptly cause the Prospectus to be filed with the Commission pursuant to Rule 424(b) of the 1933 Act Regulations in the manner and within the time period prescribed by such rule and will provide evidence satisfactory to the Underwriters of such filing. The Company will promptly advise the Representative promptly of Underwriters (i) at any time when a prospectus relating to the filing of Offered Securities is required to be delivered under the 1933 Act, when any such post-effective amendment to the Registration Statement shall have been filed or supplementbecome effective, (ii) of any request by the Commission or its staff for any post-effective amendment of the Registration Statement or supplement to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) of the institution issuance by the Commission of any stop order proceedings in respect suspending the effectiveness of the Registration Statement or the institution or threatening by direct communication with the Company of any proceeding for that purpose, and (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification of the Offered Securities for sale in any jurisdiction or the institution initiation or threatening by direct communication with the Company of any proceedings proceeding for such purpose. The Company will promptly effect the filing of the Prospectus necessary pursuant to Rule 424(b) of the 1933 Act Regulations and will take such steps as it deems necessary to ascertain promptly whether the Prospectus transmitted for filing under Rule 424(b) was received for filing by the Commission and, in the event that it was not, it will promptly file the Prospectus. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or suspending the suspension effectiveness of any such qualification the Registration Statement and, if issued, to obtain as soon as possible the withdrawal thereof.
(cb) If, If at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act by any Underwriter or dealer1933 Act, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an any untrue statement of a material fact or omit to state any a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is shall be necessary at any time to amend the Registration Statement or to supplement the Final Prospectus to comply with the 1933 Act or the 1934 Act, or the 1933 Act Regulations or the 1934 Act Regulations, the Company promptly will promptly (i) notify the Representative of such event and will promptly Underwriters, (ii) prepare and file with the Commission and furnishCommission, at its own expense, subject to the Underwriters and the dealers and any other dealers upon request first sentence of the Representativeparagraph (a) of this Section 5, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The , and (iii) supply any supplemented Prospectus to the Underwriters in such quantities as the Underwriters may reasonably request.
(c) During the period when a prospectus relating to the Offered Securities is required to be delivered under the 1933 Act, (i) the Company will advise file promptly all documents required to be filed with the Commission pursuant to Section 13(a), 13(c), 14 or 15(d) of the 1934 Act and will furnish to the Underwriters promptly copies of such documents, (ii) on or prior to the date on which the Company makes any proposal announcement to amend the general public concerning earnings or supplement concerning any other event which is required to be described, or which the Registration Statement Company proposes to describe, in a document filed pursuant to the 1934 Act, the Company will furnish to the Underwriters the information contained or supplement to be contained in such announcement or document and (iii) the Final Prospectus and Company will not effect such amendment furnish to the Underwriters copies of all other material press releases or supplementation without announcements to the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereofgeneral public.
(d) As soon as practicable, but not later than June 30, 200890 days after the close of the period covered by the earnings statement, the Company will make generally available to its securityholders security holders and to the Underwriters an earnings statement covering a period or statements of at least 12 months beginning after the date of this Agreement Company and satisfying its subsidiaries which will satisfy the provisions of Section 11(a) of the 1933 Act and Rule 158158 of the 1933 Act Regulations.
(e) The So long as the Underwriters are required to deliver a prospectus in connection with sales of the Offered Securities, the Company will furnish to the Representative Underwriters and their counsel, without charge, such copies of the Registration Statement, Statement (including all exhibits, any Statutory Prospectus, the Final exhibits thereto) and Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Underwriters may reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documentsrequest.
(f) The Company will use its reasonable best efforts to arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative Underwriters reasonably designates request and will continue such qualifications in effect so long as required for the distribution of the Offered Securities, provided that the Company will shall not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to the performance For a period of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 60 days after the First Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities 1933 Act (other than a registration statement on Form S-8) relating to, any debt additional shares of the Securities or securities issued convertible into or guaranteed by exchangeable or exercisable for any shares of the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securitiesSecurities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under Underwriters, except grants of stock options, restricted stock or other stock-based awards pursuant to the credit facilities existing terms of the Company's 2004 Omnibus Incentive Plan or any similar plan, issuances of Securities pursuant to the exercise of such awards or the exercise of any other awards outstanding on the date hereof or secured financings issuances of accounts receivables and inventorySecurities pursuant to the Company's dividend reinvestment plan.
(jh) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate agrees with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, several Underwriters that if the Company can no longer maintain such listing, the Company will use pay all reasonable commercial efforts expenses incident to obtain the performance of the obligations of the Company under this Agreement (including, without limitation, fees of the Company's counsel, accounting fees and maintain fees related to the listing of the Offered Securities on another recognized stock exchange.
the New York Stock Exchange), for any filing fees and other expenses (lincluding fees and disbursements of counsel) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division in connection with qualification of the McGraw HillOffered Securities for sale under the laws of such jurisdictions as the Underwriters designate and the printing of memoranda relating thereto, Inc. for any travel expenses of the Company's officers and employees and any other expenses of the Company in connection with attending or hosting meetings with prospective purchasers of the Offered Securities and for expenses incurred in distributing preliminary prospectuses and the Prospectus (“S&P”), including any amendments and Mxxxx’x Investors Service Inc. (“Moody’s”supplements thereto) to provide and/or confirm their respective credit ratings of the SecuritiesUnderwriters.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Underwriting Agreement (Westlake International CORP)
Certain Agreements of the Company. The Company agrees with the several Underwriters that:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2424(b) (2) (or, if applicable and if consented to by the RepresentativeRepresentatives, subparagraph (5), such consent not to be unreasonably withheld or delayed) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Representatives promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Representatives a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Representatives promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Representatives of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Representatives’ consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of this Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of the registration statement relating to the Offered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of this Agreement and satisfying (iii) the date of the Company’s most recent Annual Report on Form 10-K filed with the Commission prior to the date of this Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Representatives copies of the Registration Statement, Statement in the form it became effective (including all exhibits) and of all amendments thereto, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, and, so long as a prospectus relating to the Offered Securities is required to be delivered under the Act in connection with sales by any Underwriter or dealer, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requestsRepresentatives request. The Prospectus shall be so furnished on or prior to 3:00 P.M., New York time, on the business day following the execution and delivery of this Agreement. All other documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions in the United States as the Representative reasonably designates Representatives designate and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) During the period of five years hereafter, the Company will furnish to the Representatives and, upon request, to each of the other Underwriters, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to the Representatives and, upon request, to each of the other Underwriters (i) as soon as available, a copy of each report and any definitive proxy statement of the Company filed with the Commission under the Exchange Act or mailed to stockholders, and (ii) from time to time, such other information concerning the Company as the Representatives may reasonably request other than documents filed and available on the SEC XXXXX system.
(h) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Offered Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Representatives designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus preliminary prospectuses, preliminary prospectus supplements and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date For a period of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Datedate of this Agreement, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt additional shares of its Common Stock or securities issued convertible into or guaranteed by exchangeable or exercisable for shares of Common Stock of the Company and having a maturity or warrants or other rights to purchase shares of more than one year from Common Stock of the date of issue, or any options or derivatives in respect of such debt securitiesCompany, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of Xxxxxx except grants of employee stock options pursuant to the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing terms of a plan in effect on the date hereof and issuances of Common Stock pursuant to the exercise of such options, preferred stock or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters warrants outstanding on the creation, issuance and sale of the Securities and on the execution and delivery date of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters Underwriter that it will furnish to counsel for the Underwriter, one signed copy of the registration statement relating to the Firm Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with the offering of Firm Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and consented to by the Representative, subparagraph (5)or Rule 424(b)(5) not later than the second business day following the earlier of the date it is first used or the execution and delivery of the this Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Firm Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any the Underwriter or any dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the RepresentativeUnderwriter’s consent to, nor the Underwriters’ Underwriter’s delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 9 hereof.
(d) As soon as practicable, but not later than June 30, 2008the Availability Date (as defined below), the Company will make generally available to its securityholders an earnings statement (which need not be audited) covering a period of at least 12 months beginning after the effective date of this Agreement and satisfying the registration statement relating to the Firm Securities, which will satisfy the provisions of Section 11(a) of the Act and Rule 158.
(e) The Company will furnish to Act. For the Representative copies purpose of the Registration Statementpreceding sentence, including all exhibits, any Statutory Prospectus, “Availability Date” means the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as 45th day after the Representative reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification end of the Securities for sale and fourth fiscal quarter following the determination of their eligibility for investment under fiscal quarter that includes such effective date, except that, if such fourth quarter is the laws of such jurisdictions as the Representative reasonably designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses last quarter of the Company’s legal advisors; (ii) fiscal year, “Availability Date” means the fees, disbursements and expenses of 90th day after the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws end of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriterfourth fiscal quarter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters that:
(a) The Company has filed or will file each Statutory Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the Representative, subparagraph (5), such consent not to be unreasonably withheld or delayed) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied will also prepare a final term sheet, containing solely the terms of the Offered Securities, substantially in the form set out in Schedule C, and will comply file such term sheet pursuant to Rule 433(d) under the Act within the time required by such Rule and file promptly all other material required to be filed by the Company with the Commission pursuant to Rule 433433(d) under the Act.
(b) The Company will promptly advise the Representative Underwriters promptly of any proposal to amend or supplement the Registration Statement or any Statutory Prospectus at any time and will offer the Representative a reasonable opportunity to comment on not undertake any such amendment or supplementsupplement if the Underwriters reasonably object in writing thereto; and the Company will also advise the Representative Underwriters promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered (whether physically or through compliance with Rule 172 under the Act Act) in connection with sales by the Underwriters or any Underwriter or dealer, any event occurs as a result of which the Final Prospectus Prospectus, as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Underwriters of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without Neither the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 6 hereof.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of this Agreement, the Company will make generally available to its securityholders security holders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of the registration statement relating to the Offered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of this Agreement and satisfying (iii) the date of the Company’s most recent Annual Report on Form 10-K filed with the Commission prior to the date of this Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Underwriters copies of the Registration Statement, Statement in the form it became effective (including all exhibits) and of all amendments thereto, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, and, so long as a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be required to be) delivered under the Act in connection with sales by the Underwriters or any dealer, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requestsUnderwriters request. The Prospectus shall be so furnished on or prior to 3:00 p.m., New York time, on the business day following the execution and delivery of this Agreement. All other documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates Underwriters designate and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Offered Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus preliminary prospectuses, preliminary prospectus supplements and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and for expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse ; provided, however, that the Underwriters (acting collectively) will reimburse the Company for up to the extent $ of expenses incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters the performance of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by under this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company For a period of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After 60 days after the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Datethis Agreement, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement any U.S. dollar-denominated debt securities registered under the Securities Act relating toor eligible for trading pursuant to Rule 144A, any debt securities issued or guaranteed by the Company or its subsidiaries and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall the Company may offer and sell one or more series of senior notes, the proceeds of which are used to repurchase or redeem outstanding senior notes of the Company.
(i) Before using, authorizing, approving or referring to any written communication that constitutes an offer to sell or a solicitation to buy the Offered Securities (other than the General Disclosure Package), the Company will furnish to the Underwriters and counsel for the Underwriters a copy of such written communication for review and will not prohibit borrowings under use, authorize, approve or refer to any such written communication to which the credit facilities existing on the date hereof or secured financings of accounts receivables and inventoryRepresentative reasonably objects.
(j) The Company will indemnify apply the net proceeds of the offering and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Offered Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate manner consistent with the Companydescription contained in the General Disclosure Package under the caption “Use of Proceeds”.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Underwriting Agreement (Chesapeake Energy Marketing Inc)
Certain Agreements of the Company. The Company agrees with the several Underwriters that:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2subparagraph (2) (or, if applicable and consented to by the Representativeapplicable, subparagraph (5)) of Rule 424(b) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Lead Underwriter a reasonable opportunity to review and comment on any upon such proposed amendment or supplement; and the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the a Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Lead Underwriter's consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof6.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of this the registration statement relating to the Registered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Representatives copies of the Registration Statement, including Statement (two of which will be signed and will include all exhibits), any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably Lead Underwriter requests. The Prospectus shall be so furnished on or prior to 3:00 P.M., New York time, on the business day following the later of the execution and delivery of the Terms Agreement. All other documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably Lead Underwriter designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will shall not be required to qualify as a foreign corporation or to file a general consent to the service of process in under the laws of any such jurisdictionstate (except service of process with respect to the offering and sale of the Offered Securities) or subject itself to any taxation in respect of doing business.
(g) During the period of two years after the date of any Terms Agreement, the Company will furnish to the Representatives and, upon request, to each of the other Underwriters, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to the Representatives as soon as available, a copy of each report and any definitive proxy statement of the Company filed with the Commission under the Securities Exchange Act of 1934 or mailed to stockholders.
(h) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement), the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Offered Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate Lead Underwriter designates and the printing of memoranda relating thereto, costs for the filing fee incident to, and expenses related the reasonable fees and disbursements of counsel to the Underwriters in connection with, the review by the National Association of Securities Deals Dealers, Inc. of the Offered Securities; (ix) , for any fees charged by investment rating agencies for the rating travel expenses of the Securities; Company's officers and (x) employees and any other expenses of the Company in connection with attending or hosting meetings with prospective purchasers of the Offered Securities and for expenses incurred in distributing the Preliminary Prospectus preliminary prospectuses and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of Franceissue tax, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance issue and sale of the Offered Securities and on the execution and delivery of the Terms Agreement (including the provisions of this Agreement). All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction .
(j) For a period of tax is due90 days after the date of the initial public offering of any Offered Securities, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required offer, sell, contract to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding sell, pledge or deduction of tax had that Underwriter complied with its obligations to cooperate otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Act relating to, any additional ordinary shares or securities convertible into or exchangeable or exercisable for any ordinary shares, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Lead Underwriter, other than (x) issuances of ordinary shares, options, or other securities or rights pursuant to any employee or director compensation, options, savings, benefit or other plan of the Company, (y) any issuance upon exercise, conversion or exchange of any securities or obligations outstanding on the date hereof and (z) any issuances of equity securities as consideration for an acquisition.
(k) The Company will use its reasonable best efforts to have provide to shareholders the Securities admitted information required by shareholders to trading on complete their U.S. income tax returns in the Euro MTF Market manner specified in the Prospectus and, to that end, to (i) send a letter shortly after the end of each fiscal year asking each corporate policyholder to represent whether the insured or any director or officer of the Luxembourg Stock Exchange and insured was a U.S. shareholder of the Company, within the meaning of Section 953(c)(1)(A) of the Internal Revenue Code of 1986 (the "Code"), or related to a U.S. shareholder of the Company at any time during the preceding 12 months or to use another method which the Company reasonably believes will maintain such listing as long as the Securities are outstandingelicit similar information; provided, however, that (ii) if the gross "related person insurance income" ("RPII") of either of the Insurance Subsidiaries for any fiscal year is 20% or more of such Insurance Subsidiary's gross insurance income within the meaning of Section 953(c)(3)(B) of the Code, send a letter shortly after the end of such fiscal year to all record owners (other than The Depository Trust Company can no longer maintain such listing("DTC") and DTC participants) asking them to notify the Company's transfer agent (on a form attached to the letter) within 30 days of the percentage of shares held by them that are beneficially owned by U.S. persons, the Company will use all reasonable commercial efforts to obtain percentage that are beneficially owned by non-U.S. persons, and maintain the listing percentage for which beneficial ownership is not known; and (iii) if the gross RPII of either of the Securities on another recognized stock exchange.
(lInsurance Subsidiaries for any fiscal year is 20% or more of such Insurance Subsidiary's gross insurance income within the meaning of Section 953(c)(3)(B) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw HillCode, Inc. (“S&P”A) prepare IRS Form 5471 (or any successor form) with all Insurance Subsidiary information and (B) as soon as practicable after the end of such fiscal year, send copies of Form 5471 and a letter instructing U.S. shareholders how to complete Form 5471 to all record owners (other than DTC and DTC participants), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Underwriting Agreement (Ace LTD)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters, one signed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeLead Underwriter, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the RepresentativeLead Underwriter’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of this the registration statement relating to the Registered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company’s most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Lead Underwriter reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and (if the Offered Securities are debt securities or preferred stock) the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably Lead Underwriter designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) During the period of five years after the date of any Terms Agreement, the Company will furnish to the Representatives and, upon request, to each of the other Underwriters, if any, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to the Representatives (i) as soon as available, a copy of each report and any definitive proxy statement of the Company filed with the Commission under the Exchange Act or mailed to stockholders, and (ii) from time to time, such other information concerning the Company as the Lead Underwriter may reasonably request.
(h) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement), the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and or other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Registered Securities for sale and (if the Offered Securities are debt securities or preferred stock) any determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Lead Underwriter may designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Offered Securities (if they are debt securities or preferred stock), for any applicable filing fee incident to, the review by the National Association of Securities Dealers, Inc. of the Registered Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including , for any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of Registered Securities and for expenses incurred in distributing the Securities from Prospectus, any preliminary prospectuses, any preliminary prospectus supplements or any other amendments or supplements to the Prospectus to the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After The Company will use the date net proceeds received by it from the sale of the initial offering Offered Securities in the manner specified in the Prospectus under “Use of Proceeds.”
(j) The Company will furnish such information, execute such instruments and take such action as may be required to qualify the Offered Securities for sale under the laws of such jurisdictions as the Lead Underwriter may designate and will maintain such qualifications in effect so long as required for the distribution of the Offered Securities; provided that the Company shall not be required to qualify to do business in any jurisdiction where it is not now so qualified or to take any action which would subject it to general or unlimited service of process in any jurisdiction where it is not now so subject.
(k) If the Offered Securities by the Underwriters and until the day which is 90 days after the Closing Dateare debt securities or preferred stock, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any to United States dollar-denominated debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, issue (if the Offered Securities are debt securities) or any options series of preferred stock issued or derivatives in respect of such debt securitiesguaranteed by the Company (if the Offered Securities are preferred stock), or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall Lead Underwriter for a period beginning at the time of execution of the Terms Agreement and ending the number of days after the Closing Date specified under “Blackout” in the Terms Agreement.
(l) If the Offered Securities are Common Stock or are convertible into Common Stock, the Company will not prohibit borrowings offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the credit facilities existing Act relating to, any additional shares of its Common Stock or securities convertible into or exchangeable or exercisable for any shares of its Common Stock, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Lead Underwriter for a period beginning at the time of execution of the Terms Agreement and ending the number of days after the Closing Date specified under “Blackout” in the Terms Agreement, except issuances of Common Stock pursuant to the conversion or exchange of convertible or exchangeable securities or the exercise of warrants or options, in each case outstanding on the date hereof of the Terms Agreement, grants of employee stock options or secured financings Common Stock pursuant to the terms of accounts receivables a plan in effect on the date of the Terms Agreement, issuances of Common Stock pursuant to the exercise of such options or grants of Common Stock under such plans, or issuances of Common Stock pursuant to the Company’s dividend reinvestment plan. The Terms Agreement with respect to any particular Offered Securities may also require a similar agreement from the Company’s executive officers and inventorydirectors.
(jm) The Company will indemnify and hold harmless If the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Offered Securities are outstanding; provided, however, that if the Company can no longer maintain such listingCommon Stock or are convertible into Common Stock, the Company will use all reasonable commercial its best efforts to obtain and maintain list, subject to notice of issuance, the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive Common Stock on the taxation of savings incomeNew York Stock Exchange.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Underwriting Agreement (California Water Service Group)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters, one signed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeLead Underwriter, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Lead Underwriter's consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof5.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders security holders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of this the registration statement relating to the Registered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Lead Underwriter reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and [if the Offered Securities are debt securities or preferred stock] the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably Lead Underwriter designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) During the period of five years after the date of any Terms Agreement, the Company will furnish to the Representatives and, upon request, to each of the other Underwriters, if any, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to the Representatives (i) as soon as available, a copy of each report and any definitive proxy statement of the Company filed with the Commission under the Securities Exchange Act of 1934 or mailed to stockholders, and (ii) from time to time, such other information concerning the Company as the Lead Underwriter may reasonably request.
(h) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement), the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and or other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Registered Securities for sale [if the Offered Securities are debt securities or preferred stock] any determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Lead Underwriter may designate and the printing of memoranda relating theretothereto [if they are debt securities or preferred stock], costs for any applicable filing fee incident to, and expenses related to the reasonable fees and disbursements of counsel for the Underwriters in connection with, the review by the National Association of Securities Deals Dealers, Inc. of the Registered Securities; (ix) , for any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s 's officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of Registered Securities and for expenses incurred in distributing the Securities from Prospectus, any preliminary prospectuses, any preliminary prospectus supplements or any other amendments or supplements to the Prospectus to the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After [If the date of the initial offering of the Offered Securities by the Underwriters and until the day which is 90 days after the Closing Date, the are debt securities or preferred stock] The Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt additional shares of its Common Stock or securities issued convertible into or guaranteed by the Company and having a maturity exchangeable or exercisable for any shares of more than one year from the date of issue, or any options or derivatives in respect of such debt securitiesits Common Stock, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings Lead Underwriter for a period beginning at the time of execution of the Terms Agreement and ending the number of days after the Closing Date specified under "Blackout" in the credit facilities existing Terms Agreement except issuances of Common Stock pursuant to the conversion or exchange of convertible or exchangeable securities or the exercise of warrants or options, in each case outstanding on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentaryTerms Agreement, stamp or similar issuance tax that may be imposed by grants of employee stock options pursuant to the United States, Luxembourg, the United Kingdom or the Republic terms of France, including any interest and penalties, that may be payable by the Underwriters a plan in effect on the creation, issuance and sale date of the Securities and on the execution and delivery Terms Agreement, issuances of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made Common Stock pursuant to the Underwriter without a withholding exercise of such options or deduction issuances of tax had that Underwriter complied with its obligations Common Stock pursuant to cooperate with the Company's dividend reinvestment plan.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters thatUnderwriters:
(a) The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) , properly completed, with the Commission pursuant to and in accordance with Rule 424(b)(2subparagraph (2) (or, if applicable and if consented to by the each Representative, subparagraph (5)) not of Rule 424(b) no later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreementused. The Company has complied and will comply with advise the Representatives promptly of any such filing pursuant to Rule 433424(b).
(b) The Company shall file the final pricing information, which may be posted on a Bloomberg screen or distributed via Bloomberg, as a free writing prospectus.
(c) The Company will promptly advise the Representative Representatives promptly, in writing, of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any not effect such amendment or supplementsupplementation without each Representative’s reasonable consent; and the Company will also advise the Representative Representatives promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to supplementation of the Registration Statement, for any supplement to any Statutory Statement or the Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(cd) If, at any time when a prospectus relating to the Securities Notes is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative Representatives of such event and will promptly prepare and file with the Commission and furnish(subject to the Representatives’ prior review pursuant to Section 5A(c), at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission omission, or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Representatives’ consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof.
(d) As soon as practicable, but not later than June 30, 2008, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement and satisfying the provisions of Section 11(a) of the Act and Rule 1586.
(e) [Reserved].
(f) The Company will furnish to the Representative Underwriters copies of the Registration Statement, including all exhibits, any Statutory each Prospectus, the Final Prospectus Registration Statement and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the each Representative reasonably requests. The Final Prospectus shall be furnished on or prior to 3:00 P.M., New York time, on the business day following the execution and delivery of this Agreement. All other such documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(fg) The Company will arrange for the qualification of the Securities Notes for offering and sale and the determination of their eligibility for investment under the laws of such jurisdictions as the each Representative may reasonably designates designate and will continue such qualifications in effect so long as required for the distribution of the Notes; provided that in connection therewith the Company will shall not be required to qualify as a foreign corporation to do business or to file a general consent to service of process in any such jurisdiction.
(gh) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to For a period from the performance date of its obligations under this Agreement and each until the retirement of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoingNotes, the Company will also pay furnish, to the expenses extent such documents are required to be delivered pursuant to the relevant sections described within this section, (i) upon request, to each Underwriter copies of each certificate and the annual statements of compliance delivered to the Indenture Trustee pursuant to Section 3.09 of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company Indenture and Sections 3.10 and 3.11 of the completion Sale and Servicing Agreement and the annual independent certified public accountant’s servicing reports furnished to the Trust pursuant to Section 3.12 of the resale Sale and Servicing Agreement, via electronic mail or by first-class mail as soon as practicable, and in due course, after such statements and reports are furnished to the Indenture Trustee or the Trust, as the case may be, and (ii) to each Representative and, upon request, to each of the Securitiesother Underwriters, neither such other forms of periodic certificates or reports as may be delivered to the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price ofIndenture Trustee, the SecuritiesOwner Trustee or the Noteholders under the Indenture, the Sale and Servicing Agreement or the other Basic Documents.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which So long as any Note is 90 days after the Closing Dateoutstanding, the Company will not offerfurnish to each Representative by electronic mail or first-class mail as soon as practicable, sellexcept as otherwise provided to each Representative pursuant to Section 5A(h) above, contract to sell, pledge or otherwise dispose of, directly or indirectly(i) all documents distributed, or file with the Commission a registration statement under the Securities Act relating tocaused to be distributed, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.Noteholders,
Appears in 1 contract
Samples: Underwriting Agreement (Honda Auto Receivables 2009-3 Owner Trust)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters one signed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeLead Underwriter, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Lead Underwriter's consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of this the registration statement relating to the Registered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Lead Underwriter reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably Lead Underwriter designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) If at any time during the period of five years after the date of any Terms Agreement, the Company is no longer subject to the reporting requirements of either Section 13 or Section 15(d) of the Securities Exchange Act of 1934 and does not file reports with the Commission on the Electronic Data Gathering, Analysis, and Retrieval (XXXXX) system, the Company will furnish to the Representatives and, upon request, to each of the other Underwriters, if any, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to the Representatives (i) as soon as available, a copy of each report and any definitive proxy statement of the Company filed with the Commission under the Exchange Act or mailed to stockholders, and (ii) from time to time, such other information concerning the Company as the Lead Underwriter may reasonably request.
(h) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement), the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and or other expenses (including reasonable legal fees and disbursements of counsel) incurred in connection with qualification or exemption of the Registered Securities for sale under the securities and real estate syndication laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Lead Underwriter may designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Offered Securities; , any applicable filing fee and (x) expense incident to, any review by the National Association of Securities Dealers, Inc. of the Registered Securities, all expenses incurred in distributing incident to the Preliminary Prospectus registration of the Offered Securities and the Final Prospectus (including printing and the word processing of copies of the Registration Statement, any amendments prospectus and supplements thereto) to this Agreement, the Underwriters fees and expenses incurred of the Trustee, including if required the fees and disbursements of counsel for preparingthe Trustee in connection with the Indenture and the Offered Securities, printing the fees and distributing expenses of any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse depositary in connection with holding the Underwriters (to the extent incurred by them) for all reasonable Offered Securities in book-entry form, any travel expenses of the Underwriters and the Company’s 's officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of the Registered Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition in distributing the Prospectus, any preliminary prospectus supplements or any other amendments or supplements to the foregoing, Prospectus to the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the SecuritiesUnderwriters.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the The Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any United States dollar-denominated debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, issue or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under Lead Underwriter for a period beginning at the credit facilities existing time of execution of the Terms Agreement and ending on the date hereof or secured financings of accounts receivables and inventoryspecified under "Blackout" in the Terms Agreement.
(j) The Company will indemnify and hold harmless use the Underwriters against any documentary, stamp or similar issuance tax that may be imposed net proceeds received by it from the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Offered Securities and on sold by it in the execution and delivery manner specified in the Prospectus Supplement under "Use of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the CompanyProceeds".
(k) The Company will use its reasonable best efforts to have continue to meet the Securities admitted requirements to trading on qualify as a "real estate investment trust" under the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchangeCode.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Underwriting Agreement (Pan Pacific Retail Properties Inc)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to the Representatives one signed copy of the Registration Statement, including all exhibits, in the form in which it became effective and of all amendments thereto, and that, in connection with each offering of Securities:
(a) The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and consented to by the Representative, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Representatives promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Representatives a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Representatives promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(cb) If, at any time when a prospectus relating to the Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act by any Underwriter or dealerAct, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative of such event and will promptly prepare and file with the Commission and furnish, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission omissions or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof.
(dc) As soon as practicable, but not later than June 30, 2008practicable after the date of each Terms Agreement, the Company will make generally available to its securityholders security holders an earnings statement covering a period of at least 12 months beginning after the latest of (i) the effective date of this the Registration Statement, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(ed) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative are reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documentsrequested.
(fe) The Company will arrange for the qualification of the Securities for sale and the determination of their eligibility for investment under the laws of such U.S. jurisdictions as the Representative reasonably designates Representatives designate and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(gf) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of will reimburse the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or Underwriters for any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including reasonable fees and disbursements of counsel) incurred by them in connection with qualification of the Registered Securities for sale and determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Representatives may designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Securities; Securities and (x) for expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including Prospectus, any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees preliminary prospectuses and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition preliminary prospectus supplements to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriterunderwriters.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Terms Agreement (Dana Corp)
Certain Agreements of the Company. The Company agrees with the several Underwriters thatUnderwriters:
(a) The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) , properly completed, with the Commission pursuant to and in accordance with Rule 424(b)(2subparagraph (2) (or, if applicable and if consented to by the each Representative, subparagraph (5)) not of Rule 424(b) no later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreementused. The Company has complied and will comply with advise the Representatives promptly of any such filing pursuant to Rule 433424(b).
(b) The Company shall file the final pricing information, which may be posted on a Bloomberg screen or distributed via Bloomberg, as a free writing prospectus.
(c) The Company will promptly advise the Representative Representatives promptly, in writing, of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any not effect such amendment or supplementsupplementation without each Representative’s reasonable consent; and the Company will also advise the Representative Representatives promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to supplementation of the Registration Statement, for any supplement to any Statutory Statement or the Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(cd) If, at any time when a prospectus relating to the Securities Offered Notes is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative Representatives of such event and will promptly prepare and file with the Commission and furnish(subject to the Representatives’ prior review pursuant to Section 5A(c), at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission omission, or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Representatives’ consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof.
(d) As soon as practicable, but not later than June 30, 2008, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement and satisfying the provisions of Section 11(a) of the Act and Rule 1586.
(e) [Reserved].
(f) The Company will furnish to the Representative Underwriters copies of the Registration Statement, including all exhibits, any Statutory each Prospectus, the Final Prospectus Registration Statement and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the each Representative reasonably requests. The Final Prospectus shall be furnished on or prior to 3:00 P.M., New York time, on the business day following the execution and delivery of this Agreement. All other such documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(fg) The Company will arrange for the qualification of the Securities Offered Notes for offering and sale and the determination of their eligibility for investment under the laws of such jurisdictions as the each Representative may reasonably designates designate and will continue such qualifications in effect so long as required for the distribution of the Offered Notes; provided that in connection therewith the Company will shall not be required to qualify as a foreign corporation to do business or to file a general consent to service of process in any such jurisdiction.
(gh) The For a period from the date of this Agreement until the retirement of the Offered Notes, the Company agrees will furnish, to the extent such documents are required to be delivered pursuant to the relevant sections described within this section, (i) upon request, to each Underwriter copies of each certificate and the annual statements of compliance delivered to the Indenture Trustee pursuant to Section 3.09 of the Indenture and Sections 3.10 and 3.11 of the Sale and Servicing Agreement and the annual independent certified public accountant’s servicing reports furnished to the Trust pursuant to Section 3.12 of the Sale and Servicing Agreement, via electronic mail or by first-class mail as soon as practicable, and in due course, after such statements and reports are furnished to the Indenture Trustee or the Trust, as the case may be, and (ii) to each Representative and, upon request, to each of the other Underwriters, such other forms of periodic certificates or reports as may be delivered to the Indenture Trustee, the Owner Trustee or the Noteholders under the Indenture, the Sale and Servicing Agreement or the other Basic Documents.
(i) So long as any Note is outstanding, the Company will furnish to each Representative by electronic mail or first-class mail as soon as practicable, except as otherwise provided to each Representative pursuant to Section 5A(h) above, (i) all documents distributed, or caused to be distributed, by the Company to the Noteholders, (ii) all documents filed or caused to be filed by the Company with the Commission pursuant to the Exchange Act or any order of the Commission thereunder and (iii) such other information in the possession of the Company concerning the Trust as each Representative from time to time may reasonably request.
(j) Subject to the provisions of Section 10 hereof, the Company will pay (A) all costs and expenses of Underwriters’ counsel in excess of $50,000, and (B) all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of will reimburse the Indentures, including, subject to receipt of sufficiently itemized accounts Underwriters (i) the fees, disbursements if and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (viextent incurred by them) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred by them in connection with qualification of the Securities Offered Notes for sale in jurisdictions that each Representative may designate pursuant to Section 5A(g) hereof and determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate each Representative reasonably designates and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including Offered Notes, for any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees of the Underwriters and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of the Securities from Offered Notes and for expenses incurred in distributing the Underwriters. If Prospectus (including any amendments and supplements thereto).
(k) To the sale of extent, if any, that the Securities rating provided for herein is not consummated because any condition with respect to the obligations Offered Notes by Fitch Ratings (“Fitch”) or Xxxxx’x Investors Service Inc. (“Xxxxx’x”) is conditional upon the furnishing of documents or the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because taking of any failure, refusal or inability on other action by the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith)Company, the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements shall furnish such documents and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwritertake any such other action.
(hl) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has On or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after before the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with shall annotate and indicate unambiguously in the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by computer records of the Company and having a maturity of more than one year from relating to the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose Receivables to show the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent Trust’s absolute ownership of the Representative; provided that this provision shall not prohibit borrowings under Receivables, and from and after the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, Closing Date the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing not take any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate action inconsistent with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market Trust’s ownership of the Luxembourg Stock Exchange and will maintain such listing Receivables, other than as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed permitted by the CompanySale and Servicing Agreement.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Underwriting Agreement (Honda Auto Receivables 2010-2 Owner Trust)
Certain Agreements of the Company. The Company agrees with the several Underwriters Agents that:
(a) The Company has filed or will file advise each Statutory Prospectus (including the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and consented to by the Representative, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will Agent promptly advise the Representative of any proposal to amend or supplement any Time of Sale Information, the Prospectus or the Registration Statement or to register the Securities under any Statutory Prospectus at registration statements other than the Registration Statement referred to in Section 2(a) above (other than any time and will offer the Representative a reasonable opportunity to comment on any such proposal for an amendment or supplement; supplement or additional registration statement that relates only to the offering and sale of securities other than the Securities or the offering and sale of Securities other than through such Agent or by reason of filing a report under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) that is incorporated by reference in the Registration Statement or the Prospectus and does not relate specifically to the Securities). The Company will also advise the Representative each Agent promptly of (i) the filing with the Commission of any such each amendment or supplement, (ii) any request by the Commission or its staff for any amendment supplement to the Registration StatementProspectus, for any supplement to any Statutory Issuer Free Writing Prospectus or for the Registration Statement and each such additional registration statement (other than any amendment, supplement or additional information, (iiiregistration statement that relates only to the offering and sale of securities other than the Securities or the offering and sale of Securities other than through such Agent or by reason of filing a report under the Exchange Act that is incorporated by reference in the Registration Statement or the Prospectus and does not relate specifically to the Securities) and of the institution by the Commission of any stop order proceedings or proceedings pursuant to Section 8A of the Act in respect of the Registration Statement or the threatening of any proceeding for that purposesuch additional registration statement, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if such a stop order is issued, to obtain its lifting as soon as possible the withdrawal thereofpossible.
(c1) If, at any time when a prospectus relating to the Securities is (or but for the exemption in Rule 172 would be) required to be delivered (or required to be delivered but for Rule 172 under the Act by any Underwriter or dealerAct) under the Act, any event occurs shall occur as a result of which the Final Prospectus as then amended or supplemented would shall include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is shall be necessary at any time to amend or supplement the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly (i) notify each Agent to suspend the Representative solicitation of such event offers to purchase Securities and will promptly (ii) prepare and file with the Commission and furnish, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which that will correct such untrue statement or omission or an amendment which will effect such compliance. The Company will advise compliance and (2) if at any time prior to the Underwriters promptly time of delivery of any proposal Securities (i) any event shall occur or condition shall exist as a result of which the Time of Sale Information as then amended or supplemented would include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances, not misleading or (ii) it is necessary to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver Time of any of the conditions set forth in Section 7 hereof.
(d) As soon as practicable, but not later than June 30, 2008Sale Information to comply with law, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after immediately notify the date of this Agreement relevant Agents thereof and satisfying the provisions of Section 11(a) of the Act and Rule 158.
(e) The Company will furnish to the Representative copies of the Registration Statement, including all exhibits, any Statutory Prospectus, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indentures, includingforthwith prepare and, subject to receipt of sufficiently itemized accounts paragraph (ia) the feesabove, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection file with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters Commission (to the extent incurred by themrequired) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition furnish to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations relevant Agents and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.dealers as
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters that:
(a) The Company has filed or will file each Statutory the Prospectus (including Supplement with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or424(b)(5), if applicable and consented as agreed to by the Representative, subparagraph (5)) not later than the second business day following the earlier CSFB based on their review of drafts of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433Prospectus Supplement.
(b) The Company will advise CSFB promptly advise the Representative of any proposal to amend or supplement the Registration Statement as filed or any Statutory the Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any not effect such amendment or supplementsupplementation without CSFB’s consent, not to be withheld unreasonably; and, if at the time this Agreement is executed and delivered, it is necessary for a post-effective amendment to the Registration Statement to be declared effective, the Company will also endeavor to cause such post-effective amendment to become effective as soon as possible and will advise the Representative CSFB promptly of (i) the filing effectiveness of any such post-effective amendment or supplement, (ii) and of any request by the Commission for amendment or its staff for any amendment to supplementation of a Registration Statement or the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purposeStatement. The Company will use its good faith reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or Credit Suisse First Boston LLC April 22, 2003 Page 13 dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative CSFB of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the RepresentativeCSFB’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof7.
(d) As soon as practicable, practicable but not later than June 30, 200816 months after the date of this Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date Effective Date of this Agreement and satisfying the Registration Statement (or, if later, the Effective Date of any Additional Registration Statement) which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative CSFB copies of each Registration Statement (two of which will include copies of original signature pages and all exhibits thereto), each related preliminary prospectus, and, so long as a prospectus relating to the Registration Statement, including all exhibits, Offered Securities is required to be delivered under the Act in connection with sales by any Statutory ProspectusUnderwriter or dealer, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as CSFB requests. The Prospectus shall be so furnished on or prior to 3:00 P.M., New York time, on the Representative reasonably requestsbusiness day following the later of the execution and delivery of this Agreement or the filing of the Prospectus Supplement under Rule 424. All other documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably CSFB designates and will continue such qualifications in effect so long as required for the distribution distribution; provided that in no event shall the Company will not be required obligated to qualify as a foreign corporation to do business in any jurisdiction where it is not now so qualified or to file a general consent take any action which would subject it to service of process in suits other than those arising out of the offering or sale of the Offered Securities, in any such jurisdictionjurisdiction where it is not now subject.
(g) During the period of five years hereafter, the Company will furnish to CSFB and, upon request, to each of the other Underwriters, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to CSFB (i) as soon as available during the first year after this Agreement, and upon request during the second through fifth years after this Agreement, a copy of each report and any definitive proxy statement of the Company filed with the Credit Suisse First Boston LLC April 22, 2003 Page 14 Commission under the Exchange Act or mailed to stockholders, and (ii) from time to time, such other information concerning the Company as CSFB may reasonably request.
(h) The Company agrees to and the Partnership will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its their obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Offered Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate CSFB designates and the printing of memoranda relating thereto, costs and expenses related for the filing fee incident to the review by the National Association of Securities Deals Dealers, Inc. of the Offered Securities; (ix) , for any fees charged by investment rating agencies for the rating travel expenses of the Securities; Company’s officers and (x) employees and any other expenses of the Company in connection with attending or hosting meetings with prospective purchasers of the Offered Securities and for expenses incurred in distributing the Preliminary Prospectus preliminary prospectuses and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After For a period of 60 days after the date of the initial public offering of the Securities by the Underwriters and until the day which is 90 days after the Closing DateOffered Securities, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt additional shares of its beneficial interest or securities issued convertible into or guaranteed by the Company and having a maturity exchangeable or exercisable for any shares of more than one year from the date of issue, or any options or derivatives in respect of such debt securitiesits beneficial interest, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of CSFB, except for (i) issuances of Common Shares pursuant to the Representative; provided that this provision shall not prohibit borrowings under conversion or exchange of convertible or exchangeable securities or the credit facilities existing exercise of warrants or options, in each case outstanding on the date hereof hereof, (ii) grants of employee stock options pursuant to the terms of a plan in effect on the date hereof, (iii) issuances of Common Shares pursuant to the exercise of such options or secured financings the exercise of accounts receivables any other employee stock options outstanding on the date hereof, (iv) issuances of shares of beneficial interest of the Company and inventoryPartnership Units in connection with the acquisition of Properties and in connection with joint ventures and similar arrangements, so long as the recipients agree not to sell or transfer the shares of beneficial interest of the Company or Partnership Units for a period of 60 days after the date of the public offering of the Offered Securities without the prior written consent of CSFB, (v) the filing of registration statements on Form S-3 with the Commission registering for resale Common Shares to be issued upon redemption of Partnership Units (other than Partnership Units held by the Company) for Common Shares in accordance with the Company’s customary practices, (vi) issuances, for no consideration, of no more than 100 shares to one or more persons unaffiliated with the Company and the Partnership as door or drawing prizes in connection with the Company’s marketing efforts, or (vii) issuances of Common Shares pursuant to the Company’s dividend reinvestment or share purchase plan.
(j) The Company and the Partnership will indemnify and hold harmless use the Underwriters against any documentarynet proceeds received from the sale of the Offered Securities in the manner specified in the Prospectus under the caption “Use of Proceeds”. Credit Suisse First Boston LLC April 22, stamp or similar issuance tax that may be imposed by the United States, Luxembourg2003 Page 15
(k) The Company, the United Kingdom Partnership and any of their subsidiaries have not taken, and will not take, directly or indirectly, any action designed to or that might reasonably be expected to cause or result in stabilization or manipulation of the Republic price of France, including any interest and penalties, that may be payable by the Underwriters on Common Shares or to facilitate the creation, issuance offer and sale of the Offered Securities and on the execution and delivery in violation of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.Regulation M.
(kl) The Company will use its reasonable best efforts to have maintain the Securities admitted to trading uninterrupted quotation of the Company’s Common Shares on the Euro MTF Market of Nasdaq National Market, or in lieu thereof, on the Luxembourg New York Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the SecuritiesExchange.
(m) The Until such time, if any, as the Company will cooperate with the Underwriters and use determines to revoke its reasonable best endeavours to permit the Securities election to be eligible for clearance taxed as a real estate investment trust under the Code and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed such determination is approved by the Company’s shareholders in accordance with the terms of the Company’s Declaration of Trust, the Company and the Partnership will use their best efforts to (i) meet the requirements to qualify as a real estate investment trust under the Code, and (ii) to cause each of their subsidiaries that is organized as a partnership to be treated as a partnership for federal income tax purposes.
(n) The Company undertakes that, since and the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it Partnership will use its best endeavours conduct their affairs in such a manner so as to ensure that neither the Company maintains a paying agent in a European Union member state that Company, the Partnership nor any subsidiary will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary deemed to be done and performed under this Agreement an “investment company” or an entity “controlled” by it prior to an investment company within the Closing Date and to satisfy all conditions precedent to the delivery meaning of the Securities1940 Act.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters thatUnderwriter:
(a) The Company has filed or will to file each Statutory Prospectus (including the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2424(b) (or, if applicable and consented to by under the Representative, subparagraph (5)) Securities Act not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433.used;
(b) The (i) to furnish such information as may be required and otherwise to cooperate in qualifying the Shares for offering and sale under the securities or blue sky laws of such states as the Underwriter may designate and to maintain such qualifications in effect so long as required for the distribution of the Shares; provided that the Company will shall not be required to qualify as a foreign corporation or to consent to the service of the process under the laws of any such jurisdiction (except service of process with respect to the offering and sale of the Shares); and (ii) to promptly advise the Representative Underwriter of any proposal to amend or supplement the Registration Statement or any Statutory Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any such amendment or supplement; and the Company will also advise the Representative promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities Shares for sale in any jurisdiction or the institution initiation or threatening threat of any proceedings proceeding for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, to obtain as soon as possible the withdrawal thereof.;
(c) Ifto make available to the Underwriter copies of each Registration Statement, at any time when each related preliminary prospectus, and, so long as a prospectus relating to the Shares is required to be delivered under the Securities Act in connection with sales by the Underwriter or any dealer, the Prospectus and all amendments and supplements to such documents, in each case in such quantities as the Underwriter reasonably requests. The Prospectus shall be so furnished on or prior to 10:00 a.m., New York time, on the second business day following the date of this Underwriting Agreement. All other documents shall be so furnished as soon as available;
(d) to advise the Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory Prospectus and not effect any such amendment or supplementation without the Underwriter’s consent; and the Company will also advise the Underwriter promptly of the filing of any such amendment or supplement, or the entry of a stop order suspending the effectiveness of the Registration Statement and, if the Commission should enter a stop order suspending the effectiveness of the Registration Statement, to make every commercially reasonable effort to obtain the lifting or removal of such order as soon as possible; to advise the Underwriter promptly of any proposal to amend or supplement the Registration Statement or the Prospectus and, for so long as the delivery of the Prospectus is (or or, but for the exemption in Rule 172 under the Securities Act would be) required in connection with the offer or sale of the Shares, to file no such amendment or supplement to which the Underwriter shall object in writing;
(e) if necessary or appropriate, to file a registration statement pursuant to Rule 462(b) of the Securities Act;
(f) (i) to the extent not publicly filed, to furnish to the Underwriter for a period of one year from the date of this Underwriting Agreement copies of any reports or other communications which the Company shall send to its stockholders and (ii) such other information publicly disclosed by the Company as the Underwriter may reasonably request in writing regarding the Company, in each case as soon as reasonably practicable after such reports, communications, documents or information become available, or are requested in writing by the Underwriter;
(g) to advise the Underwriter promptly of the happening of any event known to the Company within the time during which a Prospectus relating to the Shares is (or, but for the exemption in Rule 172 under the Securities Act would be) required to be delivered under the Securities Act by which would require the making of any Underwriter or dealerchange in the Prospectus then being used, any event occurs as a result of which so that the Final Prospectus as then amended or supplemented would not include an untrue statement of a material fact or omit to state any a material fact necessary to make the statements therein, in the light of the circumstances under which they were are made, not misleadingmisleading and, or if it is necessary at any time during such time, to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative of such event and will promptly prepare and file with the Commission and furnish, at its own the Company’s expense, to the Underwriters Underwriter promptly such amendments or supplements to such Prospectus as may be necessary to reflect any such change and to furnish the dealers and any other dealers upon request Underwriter a copy of the Representative, an amendment such proposed amendments or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, supplements before filing any such amendment or supplement shall constitute a waiver of any with the Commission;
(h) to furnish the Underwriter five conformed copies of the conditions initial registration statement and of all amendments thereto (including all exhibits thereto);
(i) to apply the net proceeds from the sale of the Shares in the manner set forth under the caption “Use of Proceeds” in Section 7 hereof.the Prospectus;
(dj) As soon as practicableto pay all costs, but not later than June 30expenses, 2008, fees and taxes in connection with (i) the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement preparation and satisfying the provisions of Section 11(a) of the Act and Rule 158.
(e) The Company will furnish to the Representative copies filing of the Registration Statement, including all exhibitseach preliminary prospectus, any each Statutory Prospectus, the Final Prospectus and all any amendments or supplements thereto, and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requests. The Company will pay the expenses of printing and distributing furnishing of copies of each thereof to the Underwriters all such documents.
Underwriter (fincluding costs of mailing and shipment); (ii) The Company will arrange for the registration, issuance, sale and delivery of the Shares; (iii) the printing of this Underwriting Agreement, any Powers of Attorney and any closing documents (including compilations thereof) and the reproduction and/or printing and furnishing of copies of each thereof to the Underwriter (including costs of mailing and shipment); (iv) the qualification of the Securities Shares for offering and sale under state laws and the determination of their eligibility for investment under state laws as aforesaid (including associated filing fees and the laws reasonable legal fees and disbursements of such jurisdictions as the Representative reasonably designates and will continue such qualifications in effect so long as required counsel for the distribution provided that Underwriter) and the Company will not be required to qualify as a foreign corporation or to file a general consent to service printing and furnishing of process in copies of any such jurisdiction.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental blue sky surveys to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisorsUnderwriter; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery any listing of the Securities, Shares on any securities exchange or qualification of the preparation and printing of this Agreement, Shares for quotation on the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, NASDAQ Global Market and any other document relating to registration thereof under the issuance, offer, sale and delivery of the SecuritiesExchange Act; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market review, if any, of the Luxembourg Stock Exchange and any expenses incidental thereto, including those public offering of the Luxembourg listing agentShares by the NASD (including associated filing fees and the reasonable legal fees and disbursements of counsel for the Underwriter); (vii) the cost of any advertising approved by the Company presentations or meetings undertaken in connection with the issue marketing of the Securities; (viii) any filing fees offer and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition Shares to prospective investors and the obligations Underwriter’s sales force, including, without limitation, expenses associated with the production of the Underwriters set forth in Section 7 hereof is not satisfiedroad show slides and graphics, because this Agreement is terminated or because fees and expenses of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters consultants engaged in connection with the proposed purchase road show presentations, travel, lodging and other expenses incurred by the officers of the Company and any such consultants, and the cost of any aircraft chartered in connection with the road show; and (viii) the performance of the other obligations of the Company hereunder; provided, however, that except as otherwise set forth in Sections 5 and 9 of this Underwriting Agreement, the Underwriter shall pay its own costs and expenses, including the costs and expenses of counsel for the Underwriter;
(k) for so long as the delivery of the Prospectus is (or, but for the exemption in Rule 172 under the Securities Act would be) required in connection with the offer or sale of the Securities. The Company shall not be liable Shares, to furnish to the Underwriters for loss Underwriter a reasonable period of contemplated profits from time before filing with the transactions covered by this Agreement. Other than as set forth in this Commission a copy of any document proposed to be filed pursuant to Section 5(h13, 14 or 15(d) each of the parties hereto shall bear all out-of-pocket costs Exchange Act and expenses incurred by them. In addition to not make any filing to which the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.Underwriter reasonably objects;
(hl) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt not to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose oftake, directly or indirectly, any action designed to or file with the Commission a registration statement which may constitute or which might reasonably be expected to cause or result, under the Securities Exchange Act relating toor otherwise, in the stabilization or manipulation of the price of any debt securities issued or guaranteed by security of the Company and having to facilitate the sale or resale of the Shares;
(m) not to effect, for a maturity of more than one year from period commencing on the date of issue, or any options or derivatives in respect this Underwriting Agreement and ending on the close of such debt securities, or publicly disclose business on the intention to make any such offer, sale, pledge, disposition or filing90th day after the date of this Underwriting Agreement, without the prior written consent of the RepresentativeUnderwriter, the Disposition of, directly or indirectly, any Securities other than the sale of the Shares hereunder; provided that nothing in this provision Underwriting Agreement shall not prohibit borrowings prevent the Company’s issuance of (i) equity securities under the credit facilities existing on the date hereof Company’s currently authorized equity incentive plans, including its employee stock purchase plan, or secured financings upon exercise of accounts receivables and inventory.
outstanding equity awards or warrants, (jii) The Company will indemnify and hold harmless the Underwriters against securities issued or sold in connection with any documentary, stamp corporate strategic development or similar issuance tax that may be imposed transaction or (iii) any merger or acquisition transaction approved by the United StatesCompany’s board of directors. Notwithstanding the foregoing, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by if (i) the Company hereunder shall be made without withholding issues an earnings release or deduction for material news, or on account of any present or future taxes, duties or governmental charges whatsoever unless a material event relating to the Company is compelled by law occurs, during the last 17 days of such 90-day period, or (ii) prior to deduct or withhold the expiration of such taxes, duties or charges. In that event90-day period, the Company shall pay announces that it will release earnings results during the 16-day period beginning on the last day of such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due90-day period, the Underwriters and restriction imposed hereby shall continue to apply until the Company shall promptly coexpiration of the 18-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading day period beginning on the Euro MTF Market issuance of the Luxembourg Stock Exchange and will maintain such listing as long as earnings release or the Securities are outstandingoccurrence of the material news or material event; provided, however, that this sentence shall not apply if any research published or distributed by the Underwriter on the Company can no longer maintain such listingwould be compliant under Rule 139 of the Securities Act and the Company’s securities are actively traded as defined in Rule 101(c)(1) of Regulation M of the Exchange Act. Notwithstanding the foregoing, the Company will use all reasonable commercial efforts shall be entitled to obtain and maintain the listing register for resale securities subject to existing registration rights in favor of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings ServicesBroadwood Partners, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the CompanyLP.
(n) The to file timely all reports and any definitive proxy or information statement required to be filed by the Company undertakes that, since with the provisions Commission in order to comply with the Exchange Act and the Rules and Regulations subsequent to the date of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented Prospectus and for so long as the delivery of a prospectus is(or, but for the exemption in Rule 172 under the Securities Act would be) required in connection with effect from July 1the offering or sale of the Shares, 2005, it will use its best endeavours and to ensure that promptly notify the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to Underwriter of such European Union Directive on the taxation of savings income.filing;
(o) The if, at the time this Underwriting Agreement is executed and delivered, it is necessary for a post-effective amendment to the Registration Statement or an additional registration statement to be declared effective before the offering of the Shares may commence, the Company will endeavor to cause such post-effective amendment or additional registration statement to become effective as soon as possible and will advise the Underwriter promptly and, if requested by the Underwriter, will confirm such advice in writing, when such post-effective amendment or additional registration statement has become effective; and
(p) to use its all commercially reasonable best endeavours efforts to do and perform all things required or necessary to be done and performed under this Agreement by it prior to maintain the Closing Date quotation of the Shares on the NASDAQ Global Market and to satisfy file with the NASDAQ Global Market all conditions precedent to documents and written notices required by the delivery NASDAQ Global Market of companies that have securities traded in the Securitiesover-the-counter market and quotations for which are reported by the NASDAQ Global Market.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to Sidley Xxxxxx Xxxxx & Xxxx LLP, counsel for the Underwriters, one conformed copy of the Registration Statement, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeRepresentatives, subparagraph (5Rule 424(b)(5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Representatives promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Representatives a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Representatives promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act by any Underwriter or dealerAct, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative of such event and will promptly prepare and file with the Commission and furnish, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Representatives' consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof5.
(d) As In order to comply with the provisions of Section 11(a) of the Act, the Company will, as soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of this the Registration Statement, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the provisions date of Section 11(a) filing with the Commission of the Act and Rule 158Company's most recent Annual Report on Form 10-K prior to the date of such Terms Agreement.
(e) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative are reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documentsrequested.
(f) The Company will arrange for the qualification of the Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative Representatives shall reasonably designates designate and will continue such qualifications in effect so long as required for the distribution provided distribution; provided, however, that the Company will shall not be required obligated to file any general consent to service of process or to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictionjurisdiction in which it is not so qualified.
(g) During the period of five years after the date of any Terms Agreement, the Company will furnish to the Representatives and, upon request, to each of the other Underwriters, if any, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to the Representatives (i) as soon as available, a copy of each report on Form 10-K or 10-Q or definitive proxy statement of the Company filed with the Commission under the Securities Exchange Act of 1934, as amended ("Exchange Act"), or mailed to stockholders, and (ii) from time to time, such other information concerning the Company as the Representatives may reasonably request.
(h) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of will reimburse the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or Underwriters for any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred by them in connection with qualification of the Registered Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Representatives may reasonably designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Securities; Securities and (x) for expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including Prospectus, any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees preliminary prospectuses and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the preliminary prospectus supplements to Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After For a period beginning at the date time of execution of the initial offering of the Securities by the Underwriters Terms Agreement and until the ending one business day which is 90 days after the Closing Date, the Company will not not, without the prior consent of the Representatives, offer, sell, contract to sell, pledge sell or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under of any publicly sold (including pursuant to Rule 144A of the Securities Act relating to, any Act) United States dollar-denominated debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters thatas follows:
(a) The Company has filed will advise the Lead Underwriter promptly and, if requested by the Lead Underwriter, will confirm such advice in writing: (i) of any request by the Commission for amendment of or will file each Statutory a supplement to the Registration Statement or the Prospectus or for additional information; (ii) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or of the suspension of qualification of the Offered Securities for offering or sale in any jurisdiction or the initiation of any proceeding for such purpose; and (iii) within the period of time referred to in paragraph (d) below, of any change in the condition (financial or other), business, properties, net worth or results of operations of the Company and its subsidiaries taken as a whole, or of the happening of any event, which makes any statement of a material fact made in the Registration Statement or the Prospectus (including as then amended or supplemented) untrue or which requires the Final Prospectusmaking of any additions to or changes in the Registration Statement or the Prospectus (as then amended or supplemented) pursuant in order to and in accordance with Rule 424(b)(2) (or, if applicable and consented to state a material fact required by the RepresentativeAct or the regulations thereunder to be stated therein or necessary in order to make the statements therein not misleading, subparagraph (5)) not later than the second business day following the earlier or of the date it is first used necessity to amend or supplement the execution and delivery of this Agreement. The Company has complied and will Prospectus (as then amended or supplemented) to comply with Rule 433the Act or any other law. If at any time the Commission shall issue any stop order suspending the effectiveness of the Registration Statement, the Company will make every reasonable effort to obtain the withdrawal of such order at the earliest possible time.
(b) The Company will promptly advise furnish to the Representative Underwriters, without charge, copies of any proposal to amend or supplement the Registration Statement or any Statutory Prospectus at any time registration statement as originally filed with the Commission and will offer of each amendment thereto, including financial statements and all exhibits thereto and Incorporated Documents, in such quantities as the Representative a reasonable opportunity to comment on any such amendment or supplement; and the Underwriters may reasonably request.
(c) The Company will also advise the Representative promptly of not (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for file any amendment to the Registration Statement, for Statement or make any amendment or supplement to any Statutory the Prospectus of which the Lead Underwriter shall not previously have been advised or to which the Lead Underwriter shall reasonably object after being so advised or (ii) so long as, in the opinion of counsel for any additional informationthe Underwriters, (iii) the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, to obtain as soon as possible the withdrawal thereof.
(c) If, at any time when a prospectus relating to the Securities is (or but for the exemption in Rule 172 would be) required to be delivered under in connection with sales by the Underwriters or any dealer, file any information, documents or reports pursuant to the Exchange Act, without delivering a copy of such information, documents or reports to the Underwriters prior to or concurrently with such filing.
(d) As soon after the execution and delivery of the applicable Terms Agreement as possible and thereafter from time to time for such period as in the opinion of counsel for the Underwriters a Prospectus is required by the Act to be delivered in connection with sales by the Underwriters or any Underwriter or dealer, the Company will expeditiously deliver to the Underwriters and each dealer, without charge, as many copies of the Prospectus (and of any amendment or supplement thereto) as the Underwriters may reasonably request. The Company consents to the use of the Prospectus (and of any amendment or supplement thereto) in accordance with the provisions of the Act and with the securities or Blue Sky laws of the jurisdictions in which the Offered Securities are offered by the Underwriters and by all dealers to whom Offered Securities may be sold, both in connection with the offering and sale of the Offered Securities and for such period of time thereafter as the Prospectus is required by the Act to be delivered in connection with sales by the Underwriters or any dealer. If during such period of time any event occurs as a result shall occur that in the judgment of which the Final Company or in the opinion of counsel for the Underwriters is required to be set forth in the Prospectus (as then amended or supplemented would include an untrue statement of a material fact supplemented) or omit to state any material fact necessary should be set forth therein in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to supplement or amend the Registration Statement Prospectus, or supplement to file under the Final Prospectus Exchange Act any document which upon filing becomes an Incorporated Document, to comply with the Act, the Exchange Act or any other law, the Company will promptly notify forthwith prepare and, subject to the Representative provisions of such event and will promptly prepare and paragraph (c) above, file with the Commission an appropriate supplement or amendment thereto or Incorporated Document and furnish, at its own expense, will expeditiously furnish to the Underwriters and the dealers and any other dealers upon request a reasonable number of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. copies thereof.
(e) The Company will advise cooperate with the Underwriters promptly and with counsel for the Underwriters in connection with the registration or qualification of any proposal to amend the Offered Securities for offering and sale by the Underwriters and by dealers under the securities or supplement Blue Sky laws of such jurisdictions as the Registration Statement or supplement the Final Prospectus Lead Underwriter may designate and will not file such consents to service of process or other documents necessary or appropriate in order to effect such amendment registration or supplementation without qualification; provided that in no event shall the Underwriters’ consent. Neither the Representative’s consent toCompany be obligated to qualify to do business in any jurisdiction where it is not now so qualified or take any action which would subject it to service of process in suits, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any other than those arising out of the conditions set forth offering or sale of the Offered Securities, in Section 7 hereofany jurisdiction where it is not now so subject.
(df) As soon as practicable, but not later than June 30, 2008practicable after the date of the applicable Terms Agreement, the Company will make generally available to its securityholders an earnings statement statement, which need not be audited, covering a period of at least 12 months beginning after the later of (i) the effective date of this Agreement the registration statement relating to the Registered Securities and satisfying (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(eg) The During the period of two years after the date of the applicable Terms Agreement, the Company will furnish to the Representative copies Underwriters, upon the Underwriters' request, a copy of each report of the Registration StatementCompany mailed to stockholders filed by the Company with the Commission under the Exchange Act.
(h) If Rule 430A of the Act is employed, including all exhibits, any Statutory the Company will timely file the Prospectus pursuant to Rule 424(b) under the Act and will advise the Underwriters of the time and manner of such filing.
(i) Except as stated in this Agreement and in the Prospectus, the Final Prospectus and all amendments and supplements Company has not taken, nor will it take, directly or indirectly, any action designed to such documents, or that might reasonably be expected to cause or result in each case as soon as available and in such quantities as stabilization or manipulation of the Representative reasonably requests. The Company will pay price of the expenses Common Stock to facilitate the sale or resale of printing and distributing to the Underwriters all such documentsOffered Securities.
(f) The Company will arrange for the qualification of the Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction.
(gj) The Company agrees to pay the following costs and expenses and all other costs and expenses (together with VAT, where applicable) incidental incident to the performance by it of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts hereunder: (i) the feespreparation, disbursements printing or reproduction, and expenses filing with the Commission of the Company’s legal advisorsRegistration Statement (including financial statements and exhibits thereto) and the Prospectus or any related preliminary prospectus and each amendment or supplement to any of them; (ii) the feesprinting (or reproduction) and delivery (including postage, disbursements air freight charges and expenses charges for counting and packaging) of such copies of the Company’s accountantsregistration statement, the Prospectus, the Incorporated Documents (as defined below) and all amendments or supplements to any of them as may be reasonably requested for use in connection with offerings and sales of the Offered Securities; (iii) the preparation, printing, authentication, issuance and delivery of certificates for the Offered Securities, including any stamp taxes in connection with the original issuance and sale of the Offered Securities; (iv) the printing (or reproduction) and delivery of this Agreement, Blue Sky Memoranda and all other agreements or documents printed (or reproduced) and delivered in connection with offerings of the Offered Securities; (v) the registration or qualification of the Offered Securities for offer and sale under the securities or blue sky laws of the several states as provided in Section 5(e) hereof (including the reasonable fees, expenses and disbursements of counsel for the Underwriters relating to the preparation, printing or reproduction, and delivery of Blue Sky Memoranda and such registration and qualification); (vi) the filing fees and the reasonable fees and expenses of counsel for the Underwriters’ legal advisorsUnderwriters in connection with any filings required to be made with the National Association of Securities Dealers, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx XxxxInc.; (ivvii) the transportation and other expenses incurred by or on behalf of Company management in connection with presentations to prospective purchasers of the Offered Securities; and (viii) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture Company's accountants and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses of counsel (including fees local and disbursements of special counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventorySelling Stockholders.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Underwriting Agreement (Travelers Property Casualty Corp)
Certain Agreements of the Company. The Company covenants and agrees with the several Underwriters that:
(a) The Company has filed or will use its best efforts to cause the Registration Statement, if the Effective Time is subsequent to the execution and delivery of this Agreement, and any amendment thereof, to become effective. If the Effective Time is prior to the execution and delivery of this Agreement, the Company will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2subparagraph (1) (or, if applicable and if consented to by the Representativeyou, subparagraph (54)) of Rule 424(b) not later than the earlier of (A) the second business day following the earlier of the date it is first used or the execution and delivery of this AgreementAgreement or (B) the fifth business day after the Effective Date. The Company has complied and will comply with advise you promptly of any such filing pursuant to Rule 433424(b).
(b) The Company will advise you promptly advise the Representative of of: (i) any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any not affect such amendment or supplementsupplementation without your consent; and the Company will also advise the Representative promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for effectiveness of the Registration Statement (if the Effective Time is subsequent to the execution and delivery of this Agreement) and of any amendment to or supplementation of the Registration Statement, for any supplement to any Statutory Prospectus Statement or for any additional information, the Prospectus; (iii) the institution by the Commission of any stop order in respect of the Registration Statement or of any notification or other communication relating to the institution of any stop order proceedings in respect of the Registration Statement or (and the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its all reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible its lifting: if issued); and (iv) any notification of the withdrawal thereofsuspension of qualification of the Debentures for sale in any jurisdiction or the initiation or threat of any proceedings for that purpose. The Company will also promptly comply with any reasonable requests for additional information.
(c) If, at any time when a prospectus relating to the Securities Debentures is (or but for the exemption in Rule 172 would be) required to be delivered under the Act by any Underwriter or dealerAct, any event occurs as a result of which the Final Company believes, or in the professional judgment of counsel to the Company or of counsel to the Underwriters, the Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will advise you promptly notify the Representative of such event thereof and will prepare promptly prepare and file with the Commission and furnish, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof.
(d) As soon as practicable, but not later than June 30, 2008the Availability Date (as defined below), the Company will make generally available to its securityholders security holders an earnings statement covering a period of at least 12 twelve (12) months beginning after the date of this Agreement and satisfying Effective Date which will satisfy the provisions of Section 11(a) of the Act and Rule 158.
(e) The Company will furnish to 158 thereunder. For the Representative copies purpose of the Registration Statementpreceding sentence, including all exhibits, any Statutory Prospectus, "Availability Date" means the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as 45th day after the Representative reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification end of the Securities for sale and fourth fiscal quarter following the determination of their eligibility for investment under fiscal quarter that includes the laws of Effective Date: except that if such jurisdictions as fourth fiscal quarter is the Representative reasonably designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses last quarter of the Company’s legal advisors; (ii) 's fiscal year, "Availability Date" means the fees90th day, disbursements and expenses of after the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws end of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriterfourth fiscal quarter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Underwriting Agreement (Lundgren Bros Construction Inc)
Certain Agreements of the Company. The Company agrees with the several Underwriters that:
(a) The Company has filed or will file each Statutory Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeUnderwriters, subparagraph (5), such consent not to be unreasonably withheld or delayed) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied will also prepare a final term sheet, containing solely the terms of the Offered Securities, in the form set out in Schedule C, and will comply file such term sheet pursuant to Rule 433(d) under the Act within the time required by such Rule and file promptly all other material required to be filed by the Company with the Commission pursuant to Rule 433433(d) under the Act.
(b) The Company will promptly advise the Representative Underwriters promptly of any proposal to amend or supplement the Registration Statement or any Statutory Prospectus at any time and will offer the Representative a reasonable opportunity to comment on not undertake any such amendment or supplementsupplement if the Underwriters reasonably object in writing thereto; and the Company will also advise the Representative Underwriters promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered (whether physically or through compliance with Rule 172 under the Act Act) in connection with sales by the Underwriters or any Underwriter or dealer, any event occurs as a result of which the Final Prospectus Prospectus, as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Underwriters of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without Neither the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 6 hereof.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of this Agreement, the Company will make generally available to its securityholders security holders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of the registration statement relating to the Offered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of this Agreement and satisfying (iii) the date of the Company’s most recent Annual Report on Form 10-K filed with the Commission prior to the date of this Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Underwriters copies of the Registration Statement, Statement in the form it became effective (including all exhibits) and of all amendments thereto, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, and, so long as a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be required to be) delivered under the Act in connection with sales by the Underwriters or any dealer, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requestsUnderwriters request. The Prospectus shall be so furnished on or prior to 3:00 p.m., New York time, on the business day following the execution and delivery of this Agreement. All other documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates Underwriters designate and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Offered Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus preliminary prospectuses, preliminary prospectus supplements and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and for expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse ; provided that the Underwriters (acting collectively) will reimburse the Company for up to the extent $150,000 of expenses incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters the performance of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by under this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company For a period of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After 60 days after the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Datethis Agreement, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement any U.S. dollar-denominated debt securities registered under the Securities Act relating toor eligible for trading pursuant to Rule 144A, any debt securities issued or guaranteed by the Company or its subsidiaries and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the RepresentativeBanc of America Securities LLC; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof Company may offer and sell one or secured financings more series of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourgsenior notes, the United Kingdom proceeds of which are used to repurchase or the Republic redeem outstanding senior notes of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters one signed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and consented to by the RepresentativeLead Underwriter, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery date of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory Prospectus at any time and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 under the Act would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Lead Underwriter's consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders an earnings earning statement covering a period of at least 12 months beginning after the date of this such Terms Agreement and satisfying the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Lead Underwriter reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably Lead Underwriter designates and will continue such qualifications in effect so long as reasonably required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement), the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and or other expenses (including fees and disbursements of its counsel) incurred in connection with qualification of the Registered Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Lead Underwriter may reasonably designate and the printing of memoranda relating thereto, costs and expenses related for any applicable filing fee incident to the review by the National Association of Securities Deals Inc. NASD of the Registered Securities; (ix) , for any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s 's officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of Registered Securities, including the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because cost of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters aircraft chartered in connection with the proposed purchase attending or hosting such meetings, for expenses incurred in preparing, printing and sale of the Securities. The Company shall not be liable distributing each Statutory Prospectus to the Underwriters and for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition in preparing, printing and distributing each Issuer Free Writing Prospectus to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriterinvestors and prospective investors.
(h) In connection with For the offering, until Blackout Period specified in the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing DateTerms Agreement, the Company will shall not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt additional shares of Common Stock or securities issued convertible into or guaranteed by the Company and having a maturity of more than one year from the date of issue, exchangeable or any options or derivatives in respect of such debt securitiesexercisable for Common Stock, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without without, in each case, the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under Representatives, except (i) the credit facilities existing filing of a registration statement on Form S-8, (ii) the filing of a registration statement on Form S-3 to register resales of securities by directors, former directors, employees, former employees, consultants and former consultants of the Company, (iii) issuances of Common Stock pursuant to the conversion or exchange of convertible or exchangeable securities or the exercise of warrants or stock options, in each case outstanding on the date hereof hereof, or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless pursuant to the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale conversion of the Securities and on the execution and delivery of this Agreement. All payments Company's convertible senior notes to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate issued concurrently with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”)Offered Securities, and Mxxxx’x Investors Service Inc. (“Moody’s”iv) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax issuances pursuant to such European Union Directive on the taxation of savings incomecompensatory stock options, and other equity award arrangements.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters thatUnderwriters:
(a) The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) , properly completed, with the Commission pursuant to and in accordance with Rule 424(b)(2subparagraph (2) (or, if applicable and if consented to by the Representative, subparagraph (5)) not of Rule 424(b) no later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreementused. The Company has complied and will comply with advise the Representative promptly of any such filing pursuant to Rule 433424(b).
(b) The Company shall file the final pricing information, which may be posted on a Bloomberg screen or distributed via Bloomberg, as a free writing prospectus.
(c) The Company will promptly advise the Representative promptly, in writing, of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any not effect such amendment or supplementsupplementation without the Representative's reasonable consent; and the Company will also advise the Representative promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to supplementation of the Registration Statement, for any supplement to any Statutory Statement or the Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(cd) If, at any time when a prospectus relating to the Securities Notes is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative of such event and will promptly prepare and file with the Commission and furnish(subject to the Representative's prior review pursuant to Section 5(b)), at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission omission, or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s 's consent to, nor the Underwriters’ Underwriters delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof6.
(de) As The Company will cause the Trust to make generally available to Noteholders, as soon as practicable, but not no later than June 30sixteen months after the date hereof, 2008, the Company will make generally available to its securityholders an earnings statement of the Trust covering a period of at least 12 twelve consecutive months beginning after the later of (i) the effective date of the registration statement relating to the Notes and (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of this Agreement and and, in each case, satisfying the provisions of Section 11(a) of the Act and (including Rule 158158 promulgated thereunder).
(ef) The Company will furnish to the Representative Underwriters copies of the Registration Statement, including all exhibits, any Statutory each Prospectus, the Final Prospectus Registration Statement and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requests. The Final Prospectus shall be furnished on or prior to 3:00 P.M., New York time, on the business day following the execution and delivery of this Agreement. All other such documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(fg) The Company will arrange for the qualification of the Securities Notes for offering and sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative may reasonably designates designate and will continue such qualifications in effect so long as required for the distribution of the Notes; provided that in connection therewith the Company will shall not be required to qualify as a foreign corporation to do business or to file a general consent to service of process in any such jurisdiction.
(gh) The For a period from the date of this Agreement until the retirement of the Notes (i) the Company agrees will furnish to the Representative and, upon request, to each of the other Underwriters, copies of each certificate and the annual statements of compliance delivered to the Indenture Trustee pursuant to Section 3.09 of the Indenture and Sections 3.10 and 3.11 of the Sale and Servicing Agreement and the annual independent certified public accountant's servicing reports furnished to the Trust pursuant to Section 3.12 of the Sale and Servicing Agreement, by first-class mail as soon as practicable after such statements and reports are furnished to the Indenture Trustee or the Trust, as the case may be, and (ii) such other forms of periodic certificates or reports as may be delivered to the Indenture Trustee, the Owner Trustee or the Noteholders under the Indenture, the Sale and Servicing Agreement or the other Basic Documents.
(i) So long as any Note is outstanding, the Company will furnish to the Representative by first-class mail as soon as practicable, (i) all documents distributed, or caused to be distributed, by the Company to the Noteholders, (ii) all documents filed or caused to be filed by the Company with the Commission pursuant to the Exchange Act or any order of the Commission thereunder and (iii) such other information in the possession of the Company concerning the Trust as the Representative from time to time may reasonably request.
(j) Subject to the provisions of Section 10 hereof, the Company will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of will reimburse the Indentures, including, subject to receipt of sufficiently itemized accounts Underwriters (i) the fees, disbursements if and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (viextent incurred by them) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred by them in connection with qualification of the Securities Notes for sale in jurisdictions that the Representative may designate pursuant to Section 5(f) hereof and determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate Representative reasonably designates and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including Notes, for any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees of the Underwriters and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of the Securities from Notes and for expenses incurred in distributing the Underwriters. If Prospectus (including any amendments and supplements thereto).
(k) To the sale of extent, if any, that the Securities rating provided for herein is not consummated because any condition with respect to the obligations Notes by Xxxxx'x Investors Service, Inc. ("Moody's"), or Fitch Ratings ("Fitch" and, together with Moody's, the "Rating Agencies") is conditional upon the furnishing of documents or the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because taking of any failure, refusal or inability on other action by the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith)Company, the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements shall furnish such documents and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwritertake any such other action.
(hl) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has On or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after before the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with and AHFC shall annotate and indicate unambiguously in the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by computer records of the Company and having a maturity of more than one year from AHFC relating to the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose Receivables to show the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent Trust's absolute ownership of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”)Receivables, and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters from and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to after the Closing Date neither the Company nor AHFC shall take any action inconsistent with the Trust's ownership of such Receivables, other than as permitted by the Sale and to satisfy all conditions precedent to the delivery of the SecuritiesServicing Agreement.
Appears in 1 contract
Samples: Underwriting Agreement (Honda Auto Receivables 2006-2 Owner Trust)
Certain Agreements of the Company. The Company agrees with the several Underwriters thatthat in connection with the offering of the Offered Securities:
(a) The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and consented to by the RepresentativeLead Underwriter, subparagraph (5)) not later than the second business day Business Day following the earlier of the date it is first used or the execution and delivery date of this Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly prepare and file the Prospectus pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and consented to by the Lead Underwriter, subparagraph (5)) not later than the second Business Day following the date of this Agreement.
(c) The Company will advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Initial Registration Statement, the Additional Registration Statement or any Statutory Prospectus at any time and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the a Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its shall make every reasonable best efforts effort to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(cd) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be required to be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the RepresentativeLead Underwriter’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof7.
(de) As soon as practicable, but not later than June 3016 months, 2008after the date of this Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement and satisfying the provisions of Section 11(a) of the Act and Rule 158Act.
(ef) The Company will furnish to the Representative copies of the Registration StatementStatements, including all exhibits, any Statutory related preliminary prospectus, any related preliminary prospectus supplement, any Issuer Free Writing Prospectus, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Lead Underwriter reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documentsdocuments and, if the delivery of any of the above is required at any time prior to the expiration of nine months after the time of issue of the Prospectus in connection with the offering or sale of the Offered Securities and if at such time any events shall have occurred as a result of which the Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made when such Prospectus is delivered, not misleading, or, if for any other reason it shall be necessary during such period to amend or supplement the Prospectus or to file under the Exchange Act any document incorporated by reference in the Prospectus in order to comply with the Act or the Exchange Act, to notify the Lead Underwriter and upon request of the Lead Underwriter to file such document and to prepare and furnish without charge to each Underwriter and to any dealer in securities as many copies as you may from time to time reasonably request of an amended Prospectus or a supplement to the Prospectus which will correct such statement or omission or effect such compliance, and in case any Underwriter is required to deliver a prospectus in connection with sales of any of the Offered Securities at any time nine months or more after the time of issue of the Prospectus, upon your request but at the expense of such Underwriter, to prepare and deliver to such Underwriter as many copies as the Lead Underwriter may request of an amended or supplemented Prospectus complying with Section 10(a)(3) of the Act.
(fg) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably Lead Underwriter designates and will continue such qualifications in effect so long as required for the distribution provided that of the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictionOffered Securities.
(gh) The Company agrees to will use the net proceeds received from the sale of the Offered Securities in the manner specified in the General Disclosure Package under the caption “Use of Proceeds”.
(i) The Company will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Offered Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate Lead Underwriter designates and the printing of memoranda relating thereto, costs and for any travel expenses related to the review by the National Association of Securities Deals Inc. of the Securities; Company’s officers and employees (ixother than the Aircraft Charter Costs (as defined below)) and any fees charged by investment rating agencies other expenses of the Company in connection with attending or hosting meetings with prospective purchasers of the Offered Securities (other than the Aircraft Charter Costs), for the rating of the Securities; and (x) Aircraft Charter Costs incurred in connection with attending or hosting such meetings, for expenses incurred in distributing preliminary prospectuses (including the Preliminary Prospectus Statutory Prospectus) and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and for expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses As used herein “Aircraft Charter Costs” equal 50% of the Underwriters and the Company’s officers and employees and any other reasonable expenses costs of chartering an aircraft. The remaining 50% of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters cost of the Securities from chartering such aircraft shall be paid by the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(hj) In connection with For the offering, until period specified below (the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date“Lock-Up Period”), the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt additional shares of its Securities or securities issued convertible into or guaranteed by the Company and having a maturity exchangeable or exercisable for any shares of more than one year from the date of issue, or any options or derivatives in respect of such debt securitiesits Securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentaryLead Underwriter, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listingmay (i) grant options to purchase Securities and issue and sell Securities pursuant to the terms of any Company long-term incentive and share award plans and employee stock option plans existing on the Closing Date; (ii) file a registration statement to the extent required pursuant to the terms of the (a) the Registration Rights Agreement dated as of November 21, 2001 between the Company will use all reasonable commercial efforts to obtain and maintain Xxxxxxx Xxxxx & Co., (b) the listing Registration Rights Agreement dated as of September 24, 2004 between the Company and Xxxxxx Xxxxxxx & Co. Incorporated and (c) the Registration Rights Agreement between the Company and R.F. Solutions, Inc., dated Xxxxx 00, 0000, xx (xxx) issue Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate in connection with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed acquisitions by the Company.
; provided that in the case of clause (niii) The Company undertakes that, since it shall be a condition to such stock issuance that the third party receiving such Securities executes a lock-up agreement on substantially the same terms as described above for a period expiring 90 days from the date of this Agreement and there shall be no further transfer of such shares except in accordance with the provisions of such lock up agreement. The initial Lock-Up Period will commence on the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it date hereof and will use its best endeavours to ensure continue and include the date 90 days after the date hereof or such earlier date that the Company maintains a paying agent Lead Underwriter consents to in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings incomewriting.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters that:
(a) The Company has filed or will file each Statutory the Prospectus (including Supplement with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2subparagraph (1) or (2) (or, if applicable and as consented to by the Representative, subparagraph (5)Underwriters) of Rule 424(b) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement) (or, if applicable and if consented to by the Underwriters, subparagraph (4) or (5)). The Company has complied and will comply with advise the Underwriters promptly of any such filing pursuant to Rule 433424(b).
(b) The Company will promptly advise the Representative Underwriters promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any not effect such amendment or supplementsupplementation without the Underwriters' consent; and the Company will also advise the Representative Underwriters promptly of (i) the filing effectiveness of the Registration Statement and of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to supplementation of the Registration Statement, for any supplement to any Statutory Statement or the Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Securities Shares is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by the Underwriters or any Underwriter or dealer, any event occurs or condition exists as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Actapplicable law, the Company will promptly notify the Representative Underwriters of such event or condition and will promptly prepare and prepare, file with the Commission and furnish, at its own expense, to the Underwriters and the dealers to which Shares may have been sold and to any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s ' consent to, nor the Underwriters’ and their delivery of, any such amendment or supplement shall not constitute a waiver of any of the conditions set forth in Section 7 hereof6.
(d) As soon as practicable, but not later than June 30, 2008the Availability Date (as defined below), the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the Effective Date of the Registration Statement (or, if later, the date of this Agreement and satisfying any prospectus supplement) which will satisfy the provisions of Section 11(a) of the Act and Rule 158.
(e) The Company will furnish to Act. For the Representative copies purpose of the Registration Statementpreceding sentence, including all exhibits, any Statutory Prospectus, "Availability Date" means the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as 45th day after the Representative reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification end of the Securities for sale and fourth fiscal quarter following the determination of their eligibility for investment under fiscal quarter that includes such Effective Date, except that, if such fourth fiscal quarter is the laws of such jurisdictions as the Representative reasonably designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses last quarter of the Company’s legal advisors; (ii) 's fiscal year, "Availability Date" means the fees, disbursements and expenses of 90th day after the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws end of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriterfourth fiscal quarter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Underwriting Agreement (Xm Satellite Radio Holdings Inc)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to Xxxxxxx Xxxxxxx & Xxxxxxxx, counsel for the Underwriters, one signed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeRepresentatives, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Representatives promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Representatives a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Representatives promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act by any Underwriter or dealerAct, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative of such event and will promptly prepare and file with the Commission and furnish, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Representatives' consent to, nor the Underwriters’ Underwriters delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof5.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of this the registration statement relating to the Registered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative are reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documentsrequested.
(f) The Company will arrange for the qualification of the Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates Representatives designate and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) During the period of ten years after the date of any Terms Agreement, the Company will furnish to the Representatives and, upon request, to each of the other Underwriters, if any, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to the Representatives (i) as soon as available, a copy of each report or definitive proxy statement of the Company filed with the Commission under the Securities Exchange Act of 1934 or mailed to stockholders, and (ii) from time to time, such other information concerning the Company as the Representatives may reasonably request.
(h) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of will reimburse the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or Underwriters for any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred by them in connection with qualification of the Registered Securities for sale and determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Representatives may designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) thereto or any fees charged by investment rating agencies for the rating of the Securities; , for the filing fee of the National Association of Securities Dealers, Inc. relating to the Registered Securities and (x) for expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including Prospectus, any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees preliminary prospectuses and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the preliminary prospectus supplements to Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After For a period beginning at the date time of execution of the initial offering of the Securities by the Underwriters Terms Agreement and until the day which is 90 ending thirty days after the Closing Date, without the prior consent of the Representatives, the Company will not offer, sell, contract to sell, pledge sell or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction shares of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction capital stock of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters thatUnderwriters:
(a) The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) , properly completed, with the Commission pursuant to and in accordance with Rule 424(b)(2subparagraph (2) (or, if applicable and if consented to by the Representative, subparagraph (5)) not of Rule 424(b) no later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreementused. The Company has complied and will comply with advise the Representative promptly of any such filing pursuant to Rule 433424(b).
(b) The Company shall file the final pricing information, which may be posted on a Bloomberg screen or distributed via Bloomberg, as a free writing prospectus.
(c) The Company will promptly advise the Representative promptly, in writing, of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any not effect such amendment or supplementsupplementation without the Representative's reasonable consent; and the Company will also advise the Representative promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to supplementation of the Registration Statement, for any supplement to any Statutory Statement or the Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(cd) If, at any time when a prospectus relating to the Securities Notes is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative of such event and will promptly prepare and file with the Commission and furnish(subject to the Representative's prior review pursuant to Section 5(b)), at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission omission, or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s 's consent to, nor the Underwriters’ Underwriters delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof6.
(de) As The Company will cause the Trust to make generally available to Noteholders, as soon as practicable, but not no later than June 30sixteen months after the date hereof, 2008, the Company will make generally available to its securityholders an earnings statement of the Trust covering a period of at least 12 twelve consecutive months beginning after the later of (i) the effective date of the registration statement relating to the Notes and (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of this Agreement and and, in each case, satisfying the provisions of Section 11(a) of the Act and (including Rule 158158 promulgated thereunder).
(ef) The Company will furnish to the Representative Underwriters copies of the Registration Statement, including all exhibits, any Statutory each Prospectus, the Final Prospectus Registration Statement and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requests. The Final Prospectus shall be furnished on or prior to 3:00 P.M., New York time, on the business day following the execution and delivery of this Agreement. All other such documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(fg) The Company will arrange for the qualification of the Securities Notes for offering and sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative may reasonably designates designate and will continue such qualifications in effect so long as required for the distribution of the Notes; provided that in connection therewith the Company will shall not be required to qualify as a foreign corporation to do business or to file a general consent to service of process in any such jurisdiction.
(gh) The For a period from the date of this Agreement until the retirement of the Notes, the Company agrees will furnish to the Representative and, upon request, to each of the other Underwriters, (i) copies of each certificate and the annual statements of compliance delivered to the Indenture Trustee pursuant to Section 3.09 of the Indenture and Sections 3.10 and 3.11 of the Sale and Servicing Agreement and the annual independent certified public accountant's servicing reports furnished to the Trust pursuant to Section 3.12 of the Sale and Servicing Agreement, by first-class mail as soon as practicable after such statements and reports are furnished to the Indenture Trustee or the Trust, as the case may be, and (ii) such other forms of periodic certificates or reports as may be delivered to the Indenture Trustee, the Owner Trustee or the Noteholders under the Indenture, the Sale and Servicing Agreement or the other Basic Documents.
(i) So long as any Note is outstanding, the Company will furnish to the Representative by first-class mail as soon as practicable, (i) all documents distributed, or caused to be distributed, by the Company to the Noteholders, (ii) all documents filed or caused to be filed by the Company with the Commission pursuant to the Exchange Act or any order of the Commission thereunder and (iii) such other information in the possession of the Company concerning the Trust as the Representative from time to time may reasonably request.
(j) Subject to the provisions of Section 10 hereof, the Company will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of will reimburse the Indentures, including, subject to receipt of sufficiently itemized accounts Underwriters (i) the fees, disbursements if and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (viextent incurred by them) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred by them in connection with qualification of the Securities Notes for sale in jurisdictions that the Representative may designate pursuant to Section 5(f) hereof and determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate Representative reasonably designates and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including Notes, for any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees of the Underwriters and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of the Securities from Notes and for expenses incurred in distributing the Underwriters. If Prospectus (including any amendments and supplements thereto).
(k) To the sale of extent, if any, that the Securities rating provided for herein is not consummated because any condition with respect to the obligations Notes by Standard & Poor's, a division of The McGraw-Hill Companies, Inc. ("Standard & Poor's"), or Fitch Ratinxx ("Xxxxx") is conditional upon the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated furnishing of documents or because the taking of any failure, refusal or inability on other action by the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith)Company, the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements shall furnish such documents and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwritertake any such other action.
(hl) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has On or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after before the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with and AHFC shall annotate and indicate unambiguously in the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by computer records of the Company and having a maturity of more than one year from AHFC relating to the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose Receivables to show the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent Trust's absolute ownership of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”)Receivables, and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters from and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to after the Closing Date neither the Company nor AHFC shall take any action inconsistent with the Trust's ownership of such Receivables, other than as permitted by the Sale and to satisfy all conditions precedent to the delivery of the SecuritiesServicing Agreement.
Appears in 1 contract
Samples: Underwriting Agreement (Honda Auto Receivables 2007-1 Owner Trust)
Certain Agreements of the Company. The Company agrees with the several Underwriters thatUnderwriters:
(a) The Company has filed or will to file each Statutory Prospectus (including the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2424(b) (or, if applicable and consented to by under the Representative, subparagraph (5)) Securities Act not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433.used;
(b) The (i) to furnish such information as may be required and otherwise to cooperate in qualifying the Offered Securities for offering and sale under the securities or blue sky laws of such states as the Underwriters may designate and to maintain such qualifications in effect so long as required for the distribution of the Offered Securities; provided that the Company will shall not be required to qualify as a foreign corporation or to consent to the service of the process under the laws of any such jurisdiction (except service of process with respect to the offering and sale of the Offered Securities); and (ii) to promptly advise the Representative Underwriters of any proposal to amend or supplement the Registration Statement or any Statutory Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any such amendment or supplement; and the Company will also advise the Representative promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Offered Securities for sale in any jurisdiction or the institution initiation or threatening threat of any proceedings proceeding for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, to obtain as soon as possible the withdrawal thereof.;
(c) Ifto make available to the Underwriters copies of each Registration Statement, at any time when each related preliminary prospectus, and, so long as a prospectus relating to the Offered Securities is required to be delivered under the Securities Act in connection with sales by the Underwriters or any dealer, the Prospectus and all amendments and supplements to such documents, in each case in such quantities as the Underwriters reasonably request. The Prospectus shall be so furnished on or prior to 10:00 a.m., New York time, on the second business day following the date of this Underwriting Agreement. All other documents shall be so furnished as soon as available;
(d) to advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or any Statutory Prospectus and not effect any such amendment or supplementation without the Underwriters’ consent; and the Company will also advise the Underwriters promptly of the filing of any such amendment or supplement, or the entry of a stop order suspending the effectiveness of the Registration Statement and, if the Commission should enter a stop order suspending the effectiveness of the Registration Statement, to make every commercially reasonable effort to obtain the lifting or removal of such order as soon as possible; to advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or the Prospectus and, for so long as the delivery of the Prospectus is (or, but for the exemption in Rule 172 under the Securities Act would be) required in connection with the offer or sale of the Offered Securities, to file no such amendment or supplement to which the Underwriters shall object in writing;
(e) if necessary or appropriate, to file a registration statement pursuant to Rule 462(b) of the Securities Act;
(f) (i) to the extent not publicly filed, to furnish to the Underwriters for a period of one year from the date of this Underwriting Agreement copies of any reports or other communications which the Company shall send to its stockholders and (ii) such other information publicly disclosed by the Company as the Underwriters may reasonably request in writing regarding the Company, in each case as soon as reasonably practicable after such reports, communications, documents or information become available, or are requested in writing by the Underwriters;
(g) to advise the Underwriters promptly of the happening of any event known to the Company within the time during which a Prospectus relating to the Offered Securities is (or, but for the exemption in Rule 172 under the Securities Act would be) required to be delivered under the Securities Act by which would require the making of any Underwriter or dealerchange in the Prospectus then being used, any event occurs as a result of which so that the Final Prospectus as then amended or supplemented would not include an untrue statement of a material fact or omit to state any a material fact necessary to make the statements therein, in the light of the circumstances under which they were are made, not misleadingmisleading and, or if it is necessary at any time during such time, to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative of such event and will promptly prepare and file with the Commission and furnish, at its own the Company’s expense, to the Underwriters promptly such amendments or supplements to such Prospectus as may be necessary to reflect any such change and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise to furnish the Underwriters promptly a copy of any proposal to amend such proposed amendments or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, supplements before filing any such amendment or supplement shall constitute a waiver of any with the Commission;
(h) to furnish the Underwriters five conformed copies of the conditions initial registration statement and of all amendments thereto (including all exhibits thereto);
(i) to apply the net proceeds from the sale of the Offered Securities in the manner set forth under the caption “Use of Proceeds” in Section 7 hereof.the Prospectus;
(dj) As soon as practicableto pay all costs, but not later than June 30expenses, 2008, fees and taxes in connection with (i) the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement preparation and satisfying the provisions of Section 11(a) of the Act and Rule 158.
(e) The Company will furnish to the Representative copies filing of the Registration Statement, including all exhibitseach preliminary prospectus, any each Statutory Prospectus, the Final Prospectus and all any amendments or supplements thereto, and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requests. The Company will pay the expenses of printing and distributing furnishing of copies of each thereof to the Underwriters all such documents.
(fincluding costs of mailing and shipment); (ii) The Company will arrange for the registration, issuance, sale and delivery of the Offered Securities; (iii) the printing of this Underwriting Agreement, any Powers of Attorney and any closing documents (including compilations thereof) and the reproduction and/or printing and furnishing of copies of each thereof to the Underwriters (including costs of mailing and shipment); (iv) the qualification of the Offered Securities for offering and sale under state laws and the determination of their eligibility for investment under state laws as aforesaid (including associated filing fees and the laws reasonable legal fees and disbursements of such jurisdictions as the Representative reasonably designates and will continue such qualifications in effect so long as required counsel for the distribution provided that Underwriters) and the Company will not be required to qualify as a foreign corporation or to file a general consent to service printing and furnishing of process in copies of any such jurisdiction.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental blue sky surveys to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery any listing of the Securities, Offered Securities on any securities exchange or qualification of the preparation and printing of this Agreement, Offered Securities for quotation on the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, NASDAQ Global Market and any other document relating to registration thereof under the issuance, offer, sale and delivery of the SecuritiesExchange Act; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market review, if any, of the Luxembourg Stock Exchange and any expenses incidental thereto, including those public offering of the Luxembourg listing agentOffered Securities by the NASD (including associated filing fees and the reasonable legal fees and disbursements of counsel for the Underwriters); (vii) the cost of any advertising approved by the Company presentations or meetings undertaken in connection with the issue marketing of the Securities; (viii) any filing fees offer and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Offered Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations prospective investors and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by sales force, including, without limitation, expenses associated with the Underwriters production of road show slides and graphics, fees and expenses of any consultants engaged in connection with the proposed purchase road show presentations, travel, lodging and sale other expenses incurred by the officers of the Securities. The Company shall not be liable to and any such consultants, and the Underwriters for loss cost of contemplated profits from any aircraft chartered in connection with the transactions covered by this Agreement. Other than road show; and (viii) the performance of the other obligations of the Company hereunder; provided, however, that except as otherwise set forth in this Section 5(h4(j), Section 5 and Section 9 (as applicable) each of the parties hereto Underwriters shall bear all out-of-pocket pay their own costs and expenses, including the costs and expenses incurred by them. In addition to of counsel for the foregoing, Underwriters;
(k) for so long as the Company will also pay the expenses delivery of the Qualified Independent Underwriter.
Prospectus is (hor, but for the exemption in Rule 172 under the Securities Act would be) In required in connection with the offeringoffer or sale of the Offered Securities, until to furnish to the Underwriters shall have notified a reasonable period of time before filing with the Company Commission a copy of any document proposed to be filed pursuant to Section 13, 14 or 15(d) of the completion of Exchange Act and to not make any filing to which the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.Underwriters reasonably object;
(il) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose oftake, directly or indirectly, any action designed to or file with the Commission a registration statement which may constitute or which might reasonably be expected to cause or result, under the Securities Exchange Act relating toor otherwise, in the stabilization or manipulation of the price of any debt securities issued or guaranteed by security of the Company and having to facilitate the sale or resale of the Offered Securities;
(m) not to effect, for a maturity of more than one year from period commencing on the date of issue, or any options or derivatives in respect this Underwriting Agreement and ending on the close of such debt securities, or publicly disclose business on the intention to make any such offer, sale, pledge, disposition or filing30th day after the date of the Prospectus, without the prior written consent of Pacific Growth Equities, LLC, the RepresentativeDisposition of, directly or indirectly, any Securities other than the sale of the Offered Securities hereunder; provided that nothing in this provision Underwriting Agreement shall not prohibit borrowings prevent the Company’s issuance of (i) equity securities under the credit facilities existing on the date hereof Company’s currently authorized equity incentive plans, including its employee stock purchase plan, or secured financings upon exercise of accounts receivables and inventory.
outstanding equity awards, (jii) The Company will indemnify and hold harmless the Underwriters against securities issued or sold in connection with any documentary, stamp corporate strategic development or similar issuance tax that may be imposed transaction or (iii) any merger or acquisition transaction approved by the United StatesCompany’s board of directors. Notwithstanding the foregoing, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by if (i) the Company hereunder shall be made without withholding issues an earnings release or deduction for material news, or on account of any present or future taxes, duties or governmental charges whatsoever unless a material event relating to the Company is compelled by law occurs, during the last 17 days of such 30-day period, or (ii) prior to deduct or withhold the expiration of such taxes, duties or charges. In that event30-day period, the Company shall pay announces that it will release earnings results during the 16-day period beginning on the last day of such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due30-day period, the Underwriters and restriction imposed hereby shall continue to apply until the Company shall promptly coexpiration of the 18-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading day period beginning on the Euro MTF Market issuance of the Luxembourg Stock Exchange and will maintain such listing as long as earnings release or the Securities are outstandingoccurrence of the material news or material event; provided, however, that this sentence shall not apply if any research published or distributed by any Underwriter on the Company can no longer maintain would be compliant under Rule 139 of the Securities Act and the Company’s securities are actively traded as defined in Rule 101(c)(1) of Regulation M of the Exchange Act;
(n) to file timely all reports and any definitive proxy or information statement required to be filed by the Company with the Commission in order to comply with the Exchange Act and the Rules and Regulations subsequent to the date of the Prospectus and for so long as the delivery of a prospectus is(or, but for the exemption in Rule 172 under the Securities Act would be) required in connection with the offering or sale of the Offered Securities, and to promptly notify the Underwriters of such listingfiling;
(o) if, at the time this Underwriting Agreement is executed and delivered, it is necessary for a post-effective amendment to the Registration Statement or an additional registration statement to be declared effective before the offering of the Offered Securities may commence, the Company will endeavor to cause such post-effective amendment or additional registration statement to become effective as soon as possible and will advise the Underwriters promptly and, if requested by the Underwriters, will confirm such advice in writing, when such post-effective amendment or additional registration statement has become effective; and
(p) to use all commercially reasonable commercial efforts to obtain and maintain the listing quotation of the Offered Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary the NASDAQ Global Market and to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate file with the Underwriters NASDAQ Global Market all documents and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed notices required by the CompanyNASDAQ Global Market of companies that have securities traded in the over-the-counter market and quotations for which are reported by the NASDAQ Global Market.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters, one signed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and reasonably consented to by the RepresentativeUnderwriters, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery date of this Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Underwriters promptly of any proposal to amend or supplement the Registration Statement or any Statutory Prospectus at any time and will offer afford the Representative Underwriters a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Underwriters promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purposepart thereof, or the issuance of any cease trade order by the Canadian Regulatory Authorities, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, cease trade order and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 under the Act would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Underwriters of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company , and will advise as promptly as reasonably practicable provide the Underwriters promptly with as many printed copies of any proposal to amend such amended or supplement supplemented Prospectus as the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without Underwriters reasonably request. Neither the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of this Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement and satisfying the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Underwriters copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Underwriters reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably Underwriters designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) The Company agrees to will pay all expenses (together with VATcosts, where applicable) incidental to the performance of its obligations under this Agreement expenses, fees and each of the Indentures, including, subject to receipt of sufficiently itemized accounts taxes in connection with: (i) the fees, disbursements preparation and expenses filing of the Company’s legal advisorsRegistration Statement, each Statutory Prospectus, each Issuer Free Writing Prospectus, each preliminary MJDS Prospectus, the MJDS Prospectus, and any amendments or supplements to the foregoing, and the printing and furnishing of copies of each thereof to the Underwriters and to dealers (including costs of mailing and shipment); (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the executionregistration, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Offered Securities, including any stock or transfer taxes and stamp or similar duties payable upon the sale, issuance or delivery of the Offered Securities to the Underwriters, and the continued registration of the public offering and sale of the Warrant Shares as long as any Warrants remain outstanding; (viiii) the cost producing, word processing and/or printing of listing the Securities and qualifying the Securities for trading on the Euro MTF Market this Agreement, any Agreement Among Underwriters, any dealer agreements, any Powers of the Luxembourg Stock Exchange Attorney and any expenses incidental thereto, closing documents (including those compilations thereof) and the reproduction and/or printing and furnishing of copies of each thereof to the Luxembourg listing agentUnderwriters (including costs of mailing and shipment); (viiiv) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Offered Securities for offering and sale under state or foreign laws and the laws determination of such jurisdictions in Europe, their eligibility for investment under state or foreign law (including the United States and Canada as the Underwriters designate filing fees and the printing of memoranda relating thereto, costs ) and expenses related the printing and furnishing of copies of any blue sky surveys or legal investment surveys to the Underwriters and to dealers; (v) the listing of the Shares and Warrant Shares on each of the Stock Exchanges and of the Warrants on the TSX and any registration thereof under the Exchange Act, or applicable Canadian Securities Law including any fees required to be paid to the Canadian Regulatory Authorities; (vi) any filing fees for review of the public offering of the Shares by the National Association of Securities Deals Dealers, Inc. (the “NASD”), including the filing fees relating to NASD matters; (vii) the fees and disbursements of any transfer agent or registrar for the Shares and Warrant Shares and the fees and disbursements of the Securitieswarrant agent under the Warrant Agreement; (viii) the costs and expenses of the Company relating to presentations or meetings undertaken in connection with the marketing of the offering and sale of the Offered Securities to prospective investors and the Underwriters’ sales forces, including, without limitation, expenses associated with the production of road show slides and graphics, fees and expenses of any consultants engaged in connection with the road show presentations, and travel, lodging and other expenses incurred by the officers of the Company and any such consultants; (ix) any fees charged by investment rating agencies for the rating performance of the SecuritiesCompany’s other obligations hereunder; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses out of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase Offering; provided that such expenses that exceed $5,000 must be approved in advance by the Company; and sale (xi) the fees of the Securities. The Company shall not be liable to Underwriters’ Canadian, United States and other counsel in connection with the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each offering of the parties hereto shall bear all out-of-pocket costs Offered Securities, to a maximum of US$200,000 plus disbursements and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriterany applicable goods and services and provincial taxes on such legal fees.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of Franceissue tax, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance issue and sale of the Offered Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder or thereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. .
(i) The Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Act relating to, any additional shares of its Common Stock or securities convertible into or exchangeable or exercisable for any shares of its Common Stock, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Lead Underwriter, which consent shall not be required to pay such additional amounts to a Underwriter if unreasonably withheld or delayed, for the Company is able to demonstrate that the payment period specified under “Blackout” in Schedule I hereto, except issuances of additional amounts could have been made Common Stock pursuant to the Underwriter without conversion or exchange of convertible or exchangeable securities or the exercise of warrants or options, in each case outstanding on the date of this Agreement, grants of employee stock options or stock grants pursuant to the terms of a withholding plan in effect on the date of this Agreement, or deduction issuances of tax had that Underwriter complied with its obligations Common Stock pursuant to cooperate with the Companyexercise of such options.
(j) The Company shall apply the net proceeds from the sale of the Offered Securities in the manner set forth under the caption “Use of Proceeds” in the General Disclosure Package.
(k) The Company will use its reasonable best efforts to have Concurrently with the filing of the final MJDS Prospectus with the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listingRegulatory Authorities, the Company will use all reasonable commercial efforts shall have caused Le Master and Xxxxxxx LLC to obtain and maintain deliver a “long-form” comfort letter, dated the listing date hereof (with the requisite procedures to be completed by such auditor within two Business Days of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division date of the McGraw Hill, Inc. (“S&P”such letter), in form and Mxxxx’x Investors Service Inc. (“Moody’s”) substance satisfactory to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with Underwriters, acting reasonably, addressed to the Underwriters and use its reasonable best endeavours the directors of the Company, with respect to permit certain financial and accounting information relating to the Securities to be eligible for clearance and settlement through DTCCompany in the Prospectus, including preparation and filing with DTC of a Letter of Representations signed all documents incorporated by the Company.
(n) The Company undertakes thatreference, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent which letter shall be in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior addition to the Closing Date auditors’ report incorporated by reference in the General Disclosure Package and to satisfy all conditions precedent the auditors’ comfort letter, if any, addressed to the delivery of the SecuritiesCanadian Regulatory Authorities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters, one signed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective, and of all amendments thereto, and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeLead Underwriter, which consent shall not be unreasonably withheld, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; and the . The Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Lead Underwriter's consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of this the registration statement relating to the Registered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, any Statutory related preliminary prospectus, any related preliminary prospectus supplement and the Prospectus, the Final Prospectus and all amendments and supplements to any of such documents, in each case as soon as available and in such quantities as the Representative Lead Underwriter reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably Lead Underwriter designates and will continue such qualifications in effect so long as required for the distribution distribution, provided that the Company will and its subsidiaries shall not be required obligated to qualify as a foreign corporation corporations in any jurisdiction in which they are not so qualified or to file a general consent to service of process in any such jurisdiction.
(g) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement), the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and or other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Registered Securities for sale and any determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Lead Underwriter may designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Offered Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including , for any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s 's officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of Registered Securities and for expenses incurred in distributing the Securities from Prospectus, any preliminary prospectuses, any preliminary prospectus supplements or any other amendments or supplements to the Prospectus to the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the The Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any to United States dollar-denominated debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, issue or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under Lead Underwriter for a period beginning at the credit facilities existing on the date hereof or secured financings time of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale execution of the Securities Terms Agreement and on ending at the execution and delivery later of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to or the delivery of date specified under "Blackout" in the SecuritiesTerms Agreement.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters thatthat it will furnish to the Representatives one signed copy of the Registration Statement, including all exhibits, in the form it became effective and of all amendments thereto and that in connection with the offering of the Debt Securities:
(a) The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and consented to by the Representative, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Representatives promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time (whether pursuant to the Securities Act or the Exchange Act) and will offer afford the Representative Representatives a reasonable opportunity to comment on any such proposed amendment or supplementsupplement during the offering period; and the Company will also advise the Representative Representatives promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(cb) If, at any time when a prospectus relating to the Debt Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act by any Underwriter or dealerSecurities Act, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Securities Act, the Company promptly will promptly notify the Representative of such event and will promptly prepare and file with the Commission and furnish, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus , and will not effect such amendment or supplementation without afford the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, Representatives a reasonable opportunity to comment on any such proposed amendment or supplement shall constitute a waiver of any of during the conditions set forth in Section 7 hereofoffering period.
(dc) As soon as practicable, but not later than June 3018 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders security holders an earnings statement covering a period of at least 12 months beginning after the later of (i) the most recent effective date of this the Registration Statement, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Securities Act (including, at the option of the Company, Rule 158 of the Rules and Rule 158Regulations under the Securities Act).
(ed) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, the Final Prospectus any related preliminary prospectus supplement and all amendments and supplements to such documents, in each case as soon as available available, and copies of the Prospectus and all amendments and supplements to the Prospectus not later than 10:00 A.M., New York City time, on the day following the date thereof or as soon thereafter as practicable. The Company will furnish each of such documents in such quantities as the Representative are reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documentsrequested.
(fe) The Company will arrange for the qualification of the Debt Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions within the United States as the Representative reasonably designates Representatives designate and will continue such qualifications in effect so long as required for the distribution distribution; provided that the Company will not be required to qualify as a foreign corporation to do business in any jurisdiction where it is not now qualified or to file a take any action which would subject it to general consent to or unlimited service of process in any jurisdiction where it is not now subject.
(f) During the period of five years after the date of any Terms Agreement, the Company will furnish to the Representatives (i) as soon as available, a copy of each Annual Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K of the Company filed with the Commission under the Securities Exchange Act of 1934 (the "Exchange Act") or mailed to stockholders, and (ii) from time to time, such jurisdictionother information concerning the Company as the Representatives may reasonably request.
(g) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of will reimburse the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or Underwriters for any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred by them in connection with qualification of the Debt Securities for sale and determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Representatives may designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Debt Securities; , for the filing fee of the National Association of Securities Dealers, Inc. relating to the Debt Securities and (x) for expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including Prospectus, any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees preliminary prospectuses and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the preliminary prospectus supplements to Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with For a period beginning at the offering, until time of execution of the Terms Agreement and ending on the later of (a) the Closing Date and (b) the date on which the Underwriters shall have notified notify the Company that they have completed their distribution of the completion Debt Securities, without the prior consent of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing DateRepresentatives, the Company will not offer, sell, offer or contract to sellsell or, pledge except pursuant to a commitment entered into prior to the date of the Terms Agreement, sell or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Companysubstantially similar security.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters Underwriter that:
(a) Immediately following the execution of this Agreement, the Company will prepare a final Prospectus Supplement that complies with the Act and the Rules and Regulations and that reflects the terms of the offering of the Offered Securities and such other information as the Underwriter and the Company deem appropriate. The Company has filed or will file each Statutory the Prospectus (including Supplement with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2subparagraph (2) (or, or if applicable and if consented to by the RepresentativeSalomon Smith Barney, subparagraph subpaxxxxxxx (50)) of Rulx 000(b) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with advise Salomon Smith Barney promptly of xxx xxxx xxxing pursuant to Rule 433424(b).
(b) The Company will advise Salomon Smith Barney promptly advise the Representative of any proposal to xxx xxxpxxxx xo amend or supplement the Registration Statement or any Statutory the Prospectus at any time prior to the termination of the offering of the Offered Securities and will offer the Representative a reasonable opportunity to comment on any not effect such amendment or supplementsupplementation without Salomon Smith Barney's consent, xxxxx xxxxxxx shall not be unreasonably withheld or delayed; and and, prior to the termination of the offering of the Offered Securities, the Company will also advise the Representative promptly of (i) the filing Salomon Smith Barney promptxx xx xxx xxxexxxxxxess of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to supplementation of the Registration Statement, for any supplement to any Statutory Statement or the Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any the Underwriter or any dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative Salomon Smith Barney of such event and will promptly evexx xxx xxxx xromptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Salomon Smith Barney's consent toxx, nor the Underwriters’ xxx xhx Xxxxxxriter's delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof6.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of this Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the first effective date of the Registration Statement relating to the Offered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of this Agreement and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of this Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative copies Underwriter one copy of the Registration Statement, including Statement (which will contain conformed signatures and will include all exhibits), each related preliminary prospectus supplement, and, so long as a prospectus relating to the Offered Securities is required to be delivered under the Act in connection with sales by the Underwriter or any Statutory Prospectusdealer, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as Salomon Smith Barney reasonxxxx xxxxxxxx. The Prospectus shall be so furnished on or prior to 3:00 P.M., New York time, on the Representative reasonably requestsbusiness day following the execution and delivery of this Agreement. All other such documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters Underwriter all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates Salomon Smith Barney reasonxxxx xxxxxxxxes and will xxxx continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) The Company agrees will file an application to pay all expenses (together with VAT, where applicable) incidental to list the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and Offered Securities on the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg York Stock Exchange and any expenses incidental theretoprior to December 10, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter2001.
(h) In connection During the period of two years hereafter, the Company will furnish to the Underwriter, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to the Underwriter as soon as available, a copy of each report and any definitive proxy statement of the Company filed with the offering, until Commission under the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actualExchange Act, or apparent, active trading in, or of raising the price of, the Securitiesmailed to stockholders.
(i) After For a period of 90 days after the date of the initial public offering of the Securities by the Underwriters and until the day which is 90 days after the Closing DateOffered Securities, the Company will not offer, sell, contract to sell, announce their intention to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt additional shares of its Securities or securities issued convertible into or guaranteed by exchangeable or exercisable for any shares of its Securities (except for the Company and having filing of a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securitiesShelf Registration Statement on Form S-3), or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of Salomon Smith Barney, and the Representative; provided Coxxxxx xxall, concurrently with the execution of this Agreement, deliver an agreement executed by each of the officers and directors of the Company listed on Schedule B hereto to the effect that this provision each such person will not engage in any of the foregoing transactions (other than bona fide pledges) with respect to any Securities or securities convertible into or exchangeable or exercisable for any Securities, in each case beneficially owned by such person during such period. The foregoing shall not prohibit borrowings under apply to (i) any Securities issuable upon the credit facilities existing exercise or redemption of an option or warrant or the conversion or exchange of a security, in each case outstanding on the date hereof of the Prospectus Supplement and in accordance with its terms of the respective securities, (ii) any securities of the Company sold or secured financings granted pursuant to the Company's incentive and other benefit plans as in effect as of accounts receivables the date of the Prospectus Supplement, (iii) any shares of its Securities issued upon exercise of the Company's issued and inventoryoutstanding Equity Rights in accordance with the terms thereof, (iv) any warrants or securities convertible into its Securities issued in exchange for any of the Company's warrants, options or Equity Rights outstanding on the date of the Prospectus Supplement, (v) securities issued as consideration for any acquisition (pursuant to a merger or otherwise) of one or more entities, and (vi) any Securities issued pursuant to the Stock Purchase Agreement, dated November 26, 2001, between the Company, PPM Deutschland GmbH Terex Cranes and Hans Schaeff, Karl Schaeff, Alexxxxxx Xchxxxx, Xxxxxx Sxxxxxx, Xxxxxxx Xxxxxx-Sxxxxxx, xxx Xxtex Xxxxxxx.
(j) The Thx Xxxxxxx xxxees with the Underwriter that the Company will indemnify pay all expenses incident to the performance of the obligations of the Company under this Agreement, for any filing fees and hold harmless other expenses (including reasonable fees and disbursements of counsel) in connection with qualification of the Underwriters against any documentaryOffered Securities for sale under the laws of such jurisdictions as Salomon Smith Barney reasonably xxxxxxxxxx xxd xxx printing of memoranda relating thereto, stamp or similar issuance tax that may be imposed for the filing fee incident to the review by the United StatesNational Association of Securities Dealers, LuxembourgInc. of the Offered Securities, for any travel expenses of the United Kingdom Company's officers and employees and any other expenses of the Company in connection with attending or hosting meetings with prospective purchasers of the Republic of France, Offered Securities and for expenses incurred in distributing preliminary prospectuses and the Prospectus (including any interest amendments and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made supplements thereto) to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the CompanyUnderwriter.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, agrees that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours the net proceeds to ensure that it from the Company maintains a paying agent Offered Securities in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation manner described in the Prospectus Supplement under the caption "Use of savings incomeProceeds".
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Underwriting Agreement (Terex Corp)
Certain Agreements of the Company. The Company agrees with the several Underwriters that:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeCSFBC, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will advise CSFBC promptly advise the Representative of any proposal to amend or supplement the Registration Statement or any Statutory Prospectus at any time and the Prospectus, will offer the Representative afford CSFBC a reasonable opportunity to comment on any such proposed amendment of the supplement and will not effect such amendment or supplementsupplement without CSFBC's consent; and the Company will also advise the Representative CSFBC promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative CSFBC of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s CSFBC's consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 6 hereof.
(d) As soon as practicable, but not later than June 30, 200816 months after the date of this Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of the Registration Statement, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of this Agreement and satisfying (iii) the filing date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of this Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, any Statutory the Prospectus, the Final Prospectus any related preliminary prospectus supplement and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative CSFBC reasonably requests. All other documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably CSFBC designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) During the period of five (5) years after the date of this Agreement, the Company will furnish to the Representatives and, upon request, to each of the other Underwriters, if any, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to the Representatives (i) as soon as available, a copy of each report and any definitive proxy statement of the Company filed with the Commission under the Exchange Act or mailed to stockholders, and (ii) from time to time, such other publicly available information concerning the Company as CSFBC may reasonably request.
(h) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Offered Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate CSFBC designates and the printing of memoranda relating thereto, costs for the filing fee incident to, and expenses related the reasonable fees and disbursements of counsel to the Underwriters in connection with, the review by the National Association of Securities Deals Inc. NASD of the Offered Securities; (ix) , for any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s 's officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of the Offered Securities from and for expenses incurred in distributing the Prospectus, any related preliminary prospectus supplement or any other amendments and supplements to the Prospectus to the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After For a period of 90 days after the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing DateProspectus, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by additional shares of its Class A Common Stock, any shares of the Company and having a maturity of more than one year from Company's Class B Common Stock, par value $.01 per share (the date of issue"Class B Common Stock"), or any options securities convertible into or derivatives in respect exchangeable or exercisable for any shares of such debt securitiesits Class A Common Stock or shares of its Class B Common Stock, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, filing without the prior written consent of CSFBC and Xxxxxxx Xxxxx Barney Inc., except for (A) grants of employee stock options pursuant to the Representative; provided that this provision shall not prohibit borrowings under terms of the credit facilities existing Company's 1999 Stock Option Plan as in effect on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments , (B) issuances of shares of its Class A Common Stock and shares of Class B Common Stock pursuant to be made by the exercise of options granted under the 1999 Stock Option Plan outstanding on the date of this Agreement, (C) issuances of shares of its Class A Common Stock pursuant to the Company's 1999 Stock Purchase Plan as in effect on the date of this Agreement and pursuant to the Company's proposed 2001 Stock Purchase Plan (provided that such plan complies with Section 423 of the Internal Revenue Code), and (D) the issuance of 26,000,000 shares of Class A Common Stock on or about the First Closing Date (and the issuance of up to 3,900,000 shares of Class A Common Stock upon the exercise of the option described in the Underwriting Agreement dated as of June 22, 2001, among the Company hereunder shall be made without withholding or deduction for or on account and Credit Suisse First Boston Corporation, Xxxxxxx Xxxxx Xxxxxx Inc., X.X. Xxxxxx Securities Inc., Banc of any present or future taxesAmerica Securities LLC, duties or governmental charges whatsoever unless Deutsche Banc. Xxxx Xxxxx Inc., First Union Securities, Inc, XX Xxxxx Securities Corporation and Xxxxxxxxx Xxxxxxxx, Inc.) and issuances of shares of Securities upon the Company is compelled by law to deduct or withhold conversion of such taxes, duties or charges. In that event, notes and in accordance with the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of taxterms thereof. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment authorize any transfer of additional amounts could have been made to the Underwriter without a withholding or deduction shares of tax had that Underwriter complied with its obligations to cooperate with the Company.
Securities in violation of clause (kB) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing "lock-up" agreements described in Section 6(l) of the Securities on another recognized stock exchangethis Agreement.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Underwriting Agreement (Mediacom Communications Corp)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters one signed copy of the registration statement relating to the Offered Shares, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Shares:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeUnderwriters, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Underwriters promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Underwriters a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Underwriters promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Securities Offered Shares is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include contain an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Underwriters of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without Neither the Underwriters’ consent. Neither the Representative’s ' consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date hereof, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of this Agreement the registration statement relating to the Offered Shares, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date hereof and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date hereof, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Underwriters copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Underwriters reasonably requestsrequest. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Securities Offered Shares for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates Underwriters designate and will continue such qualifications in effect so long as required for the distribution of the Offered Shares; provided that the Company will shall not be required required, in connection therewith, to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictionjurisdiction .
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt additional shares of its Common Stock or securities issued convertible into or guaranteed by the Company and having a maturity exchangeable or exercisable for any shares of more than one year from the date of issue, or any options or derivatives in respect of such debt securitiesits Common Stock, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that Underwriters for the 90-day period beginning at the time of execution of this provision Agreement. The foregoing sentence shall not prohibit borrowings under apply to (i) the credit facilities Offered Shares to be sold hereunder, (ii) the issuance by the Company of shares of its Common Stock upon the exercise of an option or warrant or the conversion of a security outstanding on the date hereof of which the Underwriters have been advised in writing, issuances pursuant to the Company's employee stock purchase plan or the issuance by the Company of shares of restricted stock, options or warrants to employees or directors of the Company pursuant to the Company's stock-based incentive compensation plans existing on the date hereof hereof, or secured financings (iii) the issuance of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic shares of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with Common Stock under the Company's 401(k) plan and deferred compensation plan.][GS and CSFB: please confirm whether the bracketed language is acceptable.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Underwriting Agreement (Staples Inc)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters, one signed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it first became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and consented to by the RepresentativeLead Underwriter, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery date of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The For so long as Offered Securities remain unsold by the Underwriters, the Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory Prospectus at any time and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on for review and comment, which shall in any case not be longer than three business days, and the Company shall not file any such proposed amendment or supplement; supplement to which the Representatives reasonably object, and the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 under the Act would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The , provided, however, that the Company will advise shall not bear the Underwriters promptly expense of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus preparation and will not effect filing of such amendment or supplementation without supplement after nine months of the Underwriters’ consentdate of the applicable Terms Agreement. Neither the RepresentativeLead Underwriter’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(d) As soon as practicable, but not later than June 30, 2008, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement and satisfying the provisions of Section 11(a) of the Act and Rule 158.
(e) The Company will furnish to the Representative Representatives, upon request, copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Representatives may reasonably requestsrequest. The Company will pay the expenses of printing and distributing to the Underwriters Representatives all such documents.
(fe) The Company will arrange shall cooperate with the Representatives and counsel for the qualification of Underwriters to qualify or register the Offered Securities for sale and under (or obtain exemptions from the determination of their eligibility for investment under application of) the state securities or Blue Sky laws of those jurisdictions designated by the Representatives, shall comply with such jurisdictions as the Representative reasonably designates laws and will shall continue such qualifications qualifications, registrations and exemptions in effect so long as reasonably required for the distribution provided that of the Offered Securities. The Company will shall not be required to qualify as a foreign corporation to do business in any such jurisdiction where it is not presently so qualified or to file a take any action that would subject it to general consent to service of process in any such jurisdictionjurisdiction where it is not presently so subject. The Company will advise the Representatives promptly of the suspension of the qualification or registration of (or any such exemption relating to) the Offered Securities for offering, sale or trading in any jurisdiction or any initiation or threat of any proceeding for any such purpose, and in the event of the issuance of any order suspending such qualification, registration or exemption, the Company shall use its best efforts to obtain the withdrawal thereof at the earliest possible moment.
(f) As soon as practicable, but not later than 16 months after the date of each Terms Agreement, the Company will make generally available to its security holders and to the Representatives an earnings statement covering a period of at least 12 months beginning of the date of such Terms Agreement (which need not be audited) that satisfies the provisions of Section 11(a) of the Securities Act.
(g) The Company agrees will not offer, sell, contract to pay all expenses (together with VATsell, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indenturespledge or otherwise dispose of, includingdirectly or indirectly, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection file with the execution, issue, authentication, packaging and initial delivery of Commission a registration statement under the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document Act relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved United States dollar-denominated debt securities issued or guaranteed by the Company in connection with and having a maturity of more than one year from the issue date of issue, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Securities; (viii) any filing fees and other expenses (including fees and disbursements Lead Underwriter for a period beginning at the time of counsel) incurred in connection with qualification execution of the Securities for sale under the laws of such jurisdictions in Europe, the United States Terms Agreement and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability ending on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent UnderwriterClosing Date.
(h) The Company will take such steps as shall be necessary to ensure that it will not be or become an “investment company” as defined in the Investment Company Act of 1940.
(i) In connection with the offering, until the Underwriters Representatives shall have notified the Company and the other Underwriters of the completion of the resale distribution of the Offered Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest in any Offered Securities or attempt to induce any person to purchase any Offered Securities; and neither they the Company nor any of their its affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Offered Securities.
(i) After the date . The Representatives, on behalf of the initial offering of several Underwriters, may, in their sole discretion, waive in writing the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed performance by the Company and having a maturity of any one or more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under foregoing covenants or extend the credit facilities existing on the date hereof or secured financings of accounts receivables and inventorytime for their performance.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. (a) The Company agrees with the several Underwriters Initial Purchaser that:
(a) The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and consented to by the Representative, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433.
(bi) The Company will promptly advise the Representative Initial Purchaser promptly of any proposal to amend proposed amendment or supplement to the Registration Statement Offering Memorandum and will not effect such amendment or any Statutory Prospectus supplement without the Initial Purchaser's consent, which consent shall not be unreasonably withheld. If at any time and will offer prior to the Representative a reasonable opportunity to comment on any such amendment or supplement; and completion of the Company will also advise resale of the Representative promptly of (i) the filing of any such amendment or supplement, (ii) any request Offered Securities by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, to obtain as soon as possible the withdrawal thereof.
(c) If, at any time when a prospectus relating to the Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act by any Underwriter or dealerInitial Purchaser, any event occurs as a result of which the Final Prospectus Offering Memorandum as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any such time to amend the Registration Statement or supplement the Final Prospectus Offering Memorandum to comply with the Actany applicable law, the Company promptly will promptly notify the Representative Initial Purchaser of such event and will promptly prepare and file with the Commission and furnish, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Initial Purchaser's consent to, nor the Underwriters’ Initial Purchaser's delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(d) As soon as practicable, but not later than June 30, 2008, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement and satisfying the provisions of Section 11(a) of the Act and Rule 158.
(eii) The Company will furnish to the Representative Initial Purchaser copies of the Registration Statement, including all exhibits, any Statutory Prospectus, the Final Prospectus Offering Memorandum and all amendments and supplements to such documentsthereto, in each case as soon as available and in such quantities as the Representative it may reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documentsrequest.
(fiii) During the period of two years after the Closing Date, the Company will, upon request, furnish to the Initial Purchaser and any holder of Offered Securities a copy of the restrictions on transfer applicable to such Offered Securities.
(iv) The Company will not resell any Offered Securities which have been acquired by it during the period of two years after the Closing Date and which constitute "restricted securities" under Rule 144, otherwise than pursuant to an effective registration statement under the Securities Act.
(v) During the period of two years after the Closing Date, the Company will not be or become an "investment company" within the meaning of, nor be or become subject to regulation under, the Investment Company Act.
(vi) During the period beginning on the date hereof and continuing through the date which is 90 days after the date hereof, without the prior written consent of the Initial Purchaser, the Company will not offer, sell, contract to sell or otherwise dispose of, any shares of capital stock or securities convertible into or exchangeable for shares of capital stock or warrants or other rights to purchase capital stock, except (i) Common Stock pursuant to options or warrants outstanding on the date hereof or upon conversion of the Company's 5-3/4% Convertible Subordinated Debentures due 2006, (ii) stock options pursuant to employee benefit plans, stock purchase plans, stock option plans or other employee compensation plans existing on the date hereof maintained for the officers, directors or employees of the Company, (iii) Common Stock or other securities constituting all or part of the consideration for the acquisition of any property or business by the Company or any of its Subsidiaries, (iv) the Offered Securities and (v) the Conversion Shares.
(vii) The Company will reserve and keep available at all times, free of preemptive rights, the full number of Conversion Shares issuable upon conversion of the Offered Securities.
(viii) The Company will use all reasonable efforts to effect, prior to the time the Offered Securities may be converted, the designation or listing subject to notice of issuance, of the Conversion Shares issuable upon such conversion on the Nasdaq National Market or on such market or exchange on which the Common Stock is then quoted or listed.
(ix) The Company will use all reasonable efforts to arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative Initial Purchaser may reasonably designates designate and will continue to maintain such qualifications in effect so long as reasonably required for the distribution provided of the Offered Securities; provided, -------- however, that the Company will not be required obligated to qualify to do business ------- as a foreign corporation in any state in which it is not so qualified or to file a general consent to service of process in any such jurisdiction.
(gx) The Company agrees to pay (A) the fees and expenses of its counsel and accountants and the Trustee and any transfer agents, conversion agents and paying agents; (B) costs associated with the packaging and initial delivery of the certificates evidencing the Offered Securities and the preparation and printing of the certificates evidencing the Offered Securities, this Agreement, the Indenture, the Registration Rights Agreement, the Offering Memorandum and any information provided by the Company pursuant to Section 4(a)(ii) and (xi) hereof and any other document relating to the issuance of the Offered Securities; (C) the cost of obtaining approval for the trading of the Offered Securities through the PORTAL market and the designation or listing of the Common Stock issuable upon the conversion of the Offered Securities on the Nasdaq National Market or on such market or exchange on which the Common Stock is then quoted or listed; (D) all fees and expenses of DTC; (together E) the costs of qualifying the Offered Securities for offering and sale under any state securities or blue sky laws, including reasonable legal fees and expenses of counsel for the Initial Purchaser in connection therewith; (F) the cost of having the Offered Securities rated by any rating agency; and (G) all other costs, fees and expenses incident to the performance of its obligations hereunder which are not specifically provided for above.
(xi) So long as any of the Offered Securities are "restricted securities" within the meaning of Rule 144(a)(3) under the Securities Act, the Company will, during any period in which it is not subject to and in compliance with VATSection 13 or 15(d) of the Exchange Act, where applicableprovide to each holder of such restricted securities and to each prospective purchaser (as designated by such holder) incidental upon request of such holder or prospective purchaser, any information required to be provided by Rule 144A(d)(4) under the Securities Act. This covenant is intended to be for the benefit of the holders, and the prospective purchasers designated by such holders, from time to time of such restricted securities.
(xii) The Company will use all reasonable efforts to cause the Offered Securities to be eligible for the PORTAL trading system of the National Association of Securities Dealers, Inc. and to cause the Offered Securities to be eligible for clearance and settlement through the facilities of DTC.
(xiii) For a period of five years following the Closing date, the Company shall furnish to the Initial Purchaser copies of any annual reports, quarterly reports and current reports filed with the Commission on Forms 10-K, 10-Q and 8-K, or such other similar forms as may be designated by the Commission, and such other documents, reports and information as shall be furnished by the Company to the Trustee or to the holders of the Offered Securities pursuant to the Indenture.
(xiv) If the sale of Offered Securities is not consummated hereunder for any reason other than the occurrence of an event referred to in Section 5(h) hereof or a default by the Initial Purchaser in the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or will reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters Initial Purchaser upon demand for all reasonable out-of-pocket expenses (including the reasonable fees, fees and disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, counsel to the Underwriters’ legal advisorsInitial Purchaser) that shall have been incurred by the Underwriters it in connection with the proposed purchase and sale issue of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Offered Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters Underwriter that:
(a) The Company has filed or will file each Statutory the Prospectus (including Supplement with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or424(b)(5), if applicable and consented as agreed to by the Representative, subparagraph (5)) not later than the second business day following the earlier Underwriter based on its review of drafts of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433Prospectus Supplement.
(b) The Company will promptly advise the Representative Underwriter promptly of any proposal to amend or supplement the Registration Statement as filed or any Statutory the Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any not effect such amendment or supplementsupplementation without the Underwriter’s consent, not to be withheld unreasonably; and, if at the time this Agreement is executed and delivered, it is necessary for a post-effective amendment to the Registration Statement to be declared effective, the Company will also endeavor to cause such post-effective amendment to become effective as soon as possible and will advise the Representative Underwriter promptly of (i) the filing effectiveness of any such post-effective amendment or supplement, (ii) and of any request by the Commission for amendment or its staff for any amendment to supplementation of a Registration Statement or the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purposeStatement. The Company will use its good faith reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any the Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the RepresentativeUnderwriter’s consent to, nor the Underwriters’ Underwriter’s delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof7.
(d) As soon as practicable, practicable but not later than June 30, 200816 months after the date of this Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date Effective Date of this Agreement and satisfying the Registration Statement (or, if later, the Effective Date of any Additional Registration Statement) which will satisfy the provisions of Section 11(a) of the Act and Rule 158.Act. Credit Suisse First Boston LLC August 24, 2004 Page 13
(e) The Company will furnish to the Representative Underwriter copies of each Registration Statement (two of which will include copies of original signature pages and all exhibits thereto), each related preliminary prospectus, and, so long as a prospectus relating to the Registration Statement, including all exhibits, any Statutory ProspectusOffered Securities is required to be delivered under the Act in connection with sales by the Underwriter or dealer, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably Underwriter requests. The Prospectus shall be so furnished on or prior to 3:00 P.M., New York time, on the business day following the later of the execution and delivery of this Agreement or the filing of the Prospectus Supplement under Rule 424. All other documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters Underwriter all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably Underwriter designates and will continue such qualifications in effect so long as required for the distribution distribution; provided that in no event shall the Company will not be required obligated to qualify as a foreign corporation to do business in any jurisdiction where it is not now so qualified or to file a general consent take any action which would subject it to service of process in suits other than those arising out of the offering or sale of the Offered Securities, in any such jurisdictionjurisdiction where it is not now subject.
(g) During the period of five years hereafter, the Company will furnish to the Underwriter, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to the Underwriter (i) as soon as available during the first year after this Agreement, and upon request during the second through fifth years after this Agreement, a copy of each report and any definitive proxy statement of the Company filed with the Commission under the Exchange Act or mailed to stockholders, and (ii) from time to time, such other information concerning the Company as the Underwriter may reasonably request.
(h) The Company agrees to and the Partnership will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its their obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Offered Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate Underwriter designates and the printing of memoranda relating thereto, costs and expenses related for the filing fee incident to the review by the National Association of Securities Deals Dealers, Inc. of the Offered Securities; (ix) , for any fees charged by investment rating agencies for the rating travel expenses of the Securities; Company’s officers and (x) employees and any other expenses of the Company in connection with attending or hosting meetings with prospective purchasers of the Offered Securities and for expenses incurred in distributing the Preliminary Prospectus preliminary prospectuses and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparingUnderwriter. Credit Suisse First Boston LLC August 24, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.2004 Page 14
(i) After For a period of 60 days after the date of the initial public offering of the Securities by the Underwriters and until the day which is 90 days after the Closing DateOffered Securities, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt additional shares of its beneficial interest or securities issued convertible into or guaranteed by the Company and having a maturity exchangeable or exercisable for any shares of more than one year from the date of issue, or any options or derivatives in respect of such debt securitiesits beneficial interest, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under Underwriter, except for (i) issuances of Common Shares pursuant to the credit facilities existing conversion or exchange of convertible or exchangeable securities or the exercise of warrants or options, in each case outstanding on the date hereof hereof, (ii) grants of employee stock options pursuant to the terms of a plan in effect on the date hereof, (iii) issuances of Common Shares pursuant to the exercise of such options or secured financings the exercise of accounts receivables any other employee stock options outstanding on the date hereof, (iv) issuances of shares of beneficial interest of the Company and inventoryPartnership Units in connection with the acquisition of Properties and in connection with joint ventures and similar arrangements, so long as the recipients agree not to sell or transfer the shares of beneficial interest of the Company or Partnership Units for a period of 60 days after the date of the public offering the Offered Securities without the prior written consent of the Underwriter, (v) the filing of registration statements on Form S-3 with the Commission registering for resale Common Shares to be issued upon redemption of Partnership Units (other than Partnership Units held by the Company) for Common Shares in accordance with the Company’s customary practices, (vi) issuances, for no consideration, of no more than 100 shares to one or more persons unaffiliated with the Company and the Partnership as door or drawing prizes in connection with the Company’s marketing efforts, or (vii) issuances of Common Shares pursuant to the Company’s dividend reinvestment plan.
(j) The Company and the Partnership will indemnify and hold harmless use the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by net proceeds received from the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Offered Securities and on in the execution and delivery manner specified in the Prospectus under the caption “Use of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the CompanyProceeds”.
(k) The Company Company, the Partnership and any of their subsidiaries have not taken, and will use its reasonable best efforts not take, directly or indirectly, any action designed to have the Securities admitted or that might reasonably be expected to trading on the Euro MTF Market cause or result in stabilization or manipulation of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing price of the Common Shares or to facilitate the offer and sale of the Offered Securities on another recognized stock exchange.in violation of Regulation M.
(l) The Company shall take all reasonable action necessary will use its best efforts to enable Standard & Poor’s Ratings Services, a division maintain the uninterrupted quotation of the McGraw HillCompany’s Common Shares on the Nasdaq National Market, Inc. (“S&P”)or in lieu thereof, and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of on the Securities.
New York Stock Exchange. Credit Suisse First Boston LLC August 24, 2004 Page 15 (m) The Until such time, if any, as the Company will cooperate with the Underwriters and use determines to revoke its reasonable best endeavours to permit the Securities election to be eligible for clearance taxed as a real estate investment trust under the Code and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed such determination is approved by the Company’s shareholders in accordance with the terms of the Company’s Declaration of Trust, the Company and the Partnership will use their best efforts to (i) meet the requirements to qualify as a real estate investment trust under the Code, and (ii) to cause each of their subsidiaries that is organized as a partnership to be treated as a partnership for federal income tax purposes.
(n) The Company undertakes that, since and the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it Partnership will use its best endeavours conduct their affairs in such a manner so as to ensure that neither the Company maintains a paying agent in a European Union member state that Company, the Partnership nor any subsidiary will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary deemed to be done and performed under this Agreement an “investment company” or an entity “controlled” by it prior to an investment company within the Closing Date and to satisfy all conditions precedent to the delivery meaning of the Securities1940 Act.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters that:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeUnderwriters, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Underwriters promptly of any proposal to amend or supplement the Registration Statement or the Prospectus and of the filing of any Statutory Prospectus at any time documents incorporated by reference into the Registration Statement, and will offer afford the Representative Underwriters a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Underwriters promptly of (i) the filing and effectiveness of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Underwriters by telephone (with confirmation in writing) of such event and (subject to Section 5(b)) will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s consent Underwriters’consent to, nor the Underwriters’ delivery Underwriters’delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 6 hereof.
(d) As soon as practicable, but not later than June 30, 2008the date the Company’s Annual Report Form 10-K for the fiscal year 2003 is due to be filed with the Commission in accordance with the Exchange Act and the Rules and Regulations, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of the Company’s most recent Annual Report on Form 10-K filed with the Commission prior to the date of this Agreement and satisfying Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Underwriters certified copies of the Registration Statement, including Statement in the form it became effective (fourof which will include all exhibits) and of all amendments thereto, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, and, so long as a prospectus relating to the Offered Securities is required to be delivered under the Act in connection with sales by any Underwriter or dealer, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requestsUnderwriters’request. The Prospectus shall be so furnished on or prior to 3:00 P.M., Eastern Daylight Savings Time, on the business day following the execution and delivery of this Agreement. All other documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under investmentunder the laws of such jurisdictions as the Representative reasonably designates Underwriters designate and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) The Company agrees to pay will pay, or reimburse each Underwriter, for all expenses (together with VAT, where applicable) incidental incident to the Company’s performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including reasonable fees and disbursements of counsel) incurred in connection with qualification of the Offered Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the preparation, printing and distribution of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Offered Securities; , for listing the Securities for trading on the American Stock Exchange or any other securities exchange or market, for any filing fee incident thereto, for any travel expenses of the Company’s officers and (x) employees and any other expenses of the Company in connection with attending or hosting meetings with prospective purchasers of the Offered Securities and for expenses incurred by each Underwriter in distributing the Preliminary Prospectus preliminary prospectuses, preliminary prospectus supplements and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with The Company will not, without the offering, until the Underwriters shall have notified the Company prior written consent of the completion of the resale of the SecuritiesUnderwriters, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge pledge, or otherwise dispose of, (or enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by the Company or any affiliate of the Company or any person in privity with the Company or any affiliate of the Company) directly or indirectly, including the filing (or file participation in the filing) of a registration statement with the Commission in respect of, or establish or increase a registration statement under put equivalent position or liquidate or decrease a call equivalent position within the Securities Act relating tomeaning of Section 16 of the Exchange Act, any debt securities issued or guaranteed by the Company (other than the Offered Securities) or publicly announce an intention to effect any such transaction, until the first day following the Closing Date.
(i) The Company will file promptly all documents required to be filed with the Commission pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act, and having a maturity will provide copies thereof to each of more than one year the Underwriters when filed. In addition, from the date of issuehereof through the last Optional Closing Date, at the same time the Company makes any announcement to the general public concerning earnings or concerning any other event which is required to be described, or any options which the Company proposes to describe, in a document filed pursuant to the Exchange Act, the Company will furnish the information contained or derivatives to be contained in respect such announcement to each Underwriter and, subject to the provisions of subsections (a), (b) or (c) of this Section, will, if the Company deems it necessary or appropriate, cause the Prospectus to be amended or supplemented to reflect the information contained in such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on announcement. From the date hereof through the last Optional Closing Date, the Company also will furnish each Underwriter with copies of all press releases or secured financings announcements to the general public concerning its results of accounts receivables and inventoryoperations or financial condition.
(j) The From the date hereof through the last Optional Closing Date, as soon as the Company will indemnify and hold harmless has notice, written or otherwise, of any downgrading in the Underwriters against rating of any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom debt securities or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale financial strength of the Securities and on Company or any of its subsidiaries or any proposal to downgrade the execution and delivery rating of this Agreement. All payments to be made by any debt securities or the financial strength of the Company hereunder shall be made without withholding or deduction any of its subsidiaries by any “nationally recognized statistical rating organization”(as defined for purposes of Rule 436(g) under the Act) or on account by A.M. Best, or any pending public announcement that any such organization has under surveillance or review its rating of any present debt securities or future taxes, duties or governmental charges whatsoever unless the financial strength of the Company is compelled by law to deduct or withhold its subsidiaries (other than an announcement with positive implications of a possible upgrading, and no implication of a possible downgrading of such taxes, duties or charges. In that eventrating), the Company shall pay will immediately notify each Underwriter of such additional amounts as may be necessary in order that the net amounts received after such withholding downgrading, proposal to downgrade or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Companypending public announcement.
(k) The Company will use its reasonable best efforts to have From the Securities admitted to trading on date hereof through the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listinglast Optional Closing Date, the Company will use all reasonable commercial efforts furnish to obtain and maintain the listing each Underwriter copies of the Securities on another recognized stock exchangeRegistration Statement, including all exhibits, the Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as are reasonably requested.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours efforts to ensure that have the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive Offered Securities listed for trading on the taxation of savings incomeAmerican Stock Exchange.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters that:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeRepresentatives, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with advise the Representatives promptly of any such filing pursuant to Rule 433424(b).
(b) The Company will promptly advise the Representative Representatives promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any not effect such amendment or supplementsupplementation without the consent of the Representatives; and the Company will also advise the Representative Representatives promptly of (i) the filing and effectiveness of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment supplement to the Registration Statement, for any supplement to any Statutory Statement or the Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative Representatives of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Representatives' consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof6.
(d) As soon as practicable, but not later than June 30, 2008the Availability Date (as defined below), the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date Effective Date of this Agreement and satisfying the Registration Statement which will satisfy the provisions of Section 11(a) of the Act and Rule 158.
(e) The Company will furnish to Act. For the Representative copies purpose of the Registration Statementpreceding sentence, including all exhibits, any Statutory Prospectus, "AVAILABILITY DATE" means the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as 45th day after the Representative reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification end of the Securities for sale and fourth fiscal quarter following the determination of their eligibility for investment under fiscal quarter that includes such Effective Date, except that, if such fourth fiscal quarter is the laws of such jurisdictions as the Representative reasonably designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses last quarter of the Company’s legal advisors; (ii) 's fiscal year, "AVAILABILITY DATE" means the fees, disbursements and expenses of 90th day after the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws end of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriterfourth fiscal quarter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company hereby agrees with the several Underwriters thatUNOVA as follows:
(a) The At all times during which UNOVA shall hold at least eighty percent (80%) of the Shares, the Company has filed shall nominate UNOVA's designee (which shall be the Chief Executive Officer ("CEO"), the Chief Financial Officer or will file each Statutory Prospectus (including the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and consented to such other Senior Vice President of UNOVA as may be designated by the Representative, subparagraph (5)CEO) not later than to serve on the second business day following the earlier Board of Directors of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433Company.
(b) The Company will promptly advise the Representative of any proposal to amend or supplement the Registration Statement or any Statutory Prospectus If at any time following the Closing the Company proposes to register any shares of Company Stock under the Act (other than in connection with the registration of securities issuable pursuant to an employee stock option, stock purchase or similar plan, or in connection with a stock for stock merger registered on Form S-4), the Company shall give UNOVA notice of such proposed registration at least 30 days prior to the filing of a registration statement. At the written request of UNOVA within 15 days after the receipt of such notice from the Company, which request shall state the number of Shares that UNOVA wishes to sell or distribute publicly under the registration statement proposed to be filed by the Company, the Company shall promptly use its best efforts to register such Shares under the Act and will offer to cause such registration to become effective. The Company shall have the Representative a reasonable opportunity right to comment on select the underwriters and managers to administer any such amendment offering, subject to the approval of UNOVA, which approval shall not be unreasonably withheld or supplementdelayed; and PROVIDED, HOWEVER, that nothing herein shall prevent the Company from, at any time, abandoning or delaying any registration under this paragraph 4(b). Notwithstanding the foregoing, if the managing underwriter determines and advises in writing that the inclusion of UNOVA's shares would interfere with the successful marketing of such securities, then the number of shares that the managing underwriter believes may be sold in such underwritten public offering shall be allocated for inclusion in the registration statement first, to the Company, and second, to UNOVA.
(c) From and after the date which is 15 months following the Closing Date, UNOVA shall have the right, on three occasions only, to demand in writing that the Company register all or a portion of the Shares, PROVIDED, HOWEVER, that the number of Shares that UNOVA demands to register would be expected to yield at least $8,000,000 of gross proceeds upon sale. In the event of such demand, the Company shall promptly use its best efforts to register under the Act the number of Shares specified by UNOVA in such demand and to cause such registration to become effective as soon as possible after the filing thereof. Notwithstanding the foregoing, if the Company determines that the offering of shares at the time of UNOVA's demand would have a material adverse effect on the market for Company Stock, or that corporate developments make it inadvisable to register the Shares at that time, the Company may, on one occasion upon any single demand, delay the filing of the registration statement for up to 180 days; PROVIDED, HOWEVER, that if UNOVA so elects, such registration shall continue without delay, but UNOVA shall be required to reimburse the Company for all of its costs and expenses incurred in connection with such registration. If the filing of the registration statement is delayed pursuant to the preceding sentence, UNOVA shall have the right to withdraw its demand, in which case the demand will also advise not count as a demand for registration under this paragraph, or leave the Representative promptly demand in place. UNOVA's demand rights under this paragraph shall survive until the earlier to occur of the following: (i) UNOVA's beneficial ownership is reduced to less than five percent (5%) of the filing total number of any such amendment or supplementissued and outstanding shares of Company Stock (except as a result of new issuances of Company Stock by the Company), (ii) UNOVA is able to sell all of the Shares then held by it under Rule 144(k) (or its successor rule), or (iii) the fifth anniversary of the Closing Date.
(d) The Company shall indemnify and hold harmless UNOVA, the officers and directors of UNOVA and each underwriter of any registration of Shares pursuant to paragraphs 4(b) or 4(c) (and any person who controls an underwriter within the meaning of Section 15 of the Act) against all claims, losses, damages, liabilities, actions and expenses resulting from any untrue statement or alleged untrue statement of a material fact contained in a prospectus or in any related registration statement, notification or the like or from any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, except insofar as the same may have been based on information furnished to the Company by UNOVA, its officers and/or directors or such underwriter, expressly authorized for use therein and used in accordance with such authorization. Subject to the last paragraph of this Section 4(d), the Company agrees to reimburse each person indemnified pursuant to this paragraph for any legal or any other expenses reasonably incurred in connection with investigating or defending any such loss, claim, damage, liability, action or expense. UNOVA, by acceptance of the registration provisions provided herein, agrees to: (i) furnish to the Company such information concerning UNOVA and the proposed sale or distribution of Shares as shall, in the opinion of counsel for the Company, be necessary in connection with any such registration or qualification; and (ii) indemnify and hold harmless the Company, its officers and directors and each of its underwriters (and any person who controls an UNOVA, Inc. November 11, 1997 Page 10 underwriter within the meaning of Section 15 of the Act) against all claims, losses, damages, liabilities, actions and expenses resulting from any untrue statement or alleged untrue statement of a material fact furnished to the Company by UNOVA, its officers and/or directors pursuant to this paragraph 4(d), expressly authorized for use in connection with such registration or qualification and used in accordance with such authorization, and from any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading. Promptly after receipt by an indemnified party of notice of the commencement of any action involving the subject matter of the foregoing indemnity provisions, such indemnified party will promptly notify the indemnifying party of the commencement of such action. The indemnifying party shall then have the right to participate in, and to the extent that it may wish, assume the defense of such action, with counsel satisfactory to the indemnified party. If the indemnifying party assumes the defense of such action, the indemnifying party will not be liable to the indemnified party for any legal or other expenses subsequently incurred by the indemnified party. If the indemnifying party does not assume the defense thereof within a reasonable period of time following receipt of the notice, the indemnified party may defend against the claim and the indemnifying party shall reimburse the indemnified party for reasonable attorneys fees and costs incurred in the investigation or defense of such claim.
(e) In the event that any Shares are to be registered or qualified pursuant to this Section 4 (the "Registration Shares"), the Company covenants and agrees to promptly use its best efforts to effect the registration and/or qualification and to cooperate in the sale of the Registration Shares and to:
(i) furnish to UNOVA copies of any registration statement with respect to the Registration Shares (as well as any necessary amendments or supplements thereto) and any prospectus forming a part thereof prior to filing with the Commission;
(ii) notify UNOVA, promptly after the Company shall receive notice thereof, of the time when said registration statement becomes effective or when any amendment or supplement to any prospectus forming part of said registration statement has been filed;
(iii) notify UNOVA promptly of any request by the Commission for the amending or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus supplementing of such registration statement or prospectus or for any additional information, ;
(iiiiv) advise UNOVA after the institution Company shall receive notice or obtain knowledge of the issuance of any order by the Commission suspending the effectiveness of any stop order proceedings in respect such registration statement or amendment thereto or of the Registration Statement initiation or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will promptly use its reasonable best efforts to prevent the issuance of any stop order or to obtain its withdrawal promptly if such stop order should be issued;
(v) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus forming a part thereof as may be necessary to keep such registration statement effective for the lesser of: (a) a period of time necessary to permit UNOVA pursuant to such registration statement to dispose of all such Shares; (b) 120 days; or the suspension of any such qualification and, if issued, to obtain as soon as possible the withdrawal thereof.
(c) Ifthe maximum period of time permitted by law to keep effective a registration statement;
(vi) furnish to UNOVA such number of copies of such registration statement, each amendment and supplement thereto, the prospectus included in such registration statement (including each preliminary prospectus) and such other documents as UNOVA may reasonably request in order to facilitate the disposition of the Registration Shares;
(vii) use its best efforts to register or qualify the Registration Shares under such securities or blue sky laws of such jurisdictions as determined by the underwriter after consultation with the Company and UNOVA, and to do any and all other acts and things which may be necessary or advisable to enable UNOVA to consummate the disposition in such jurisdictions of such Shares, PROVIDED, HOWEVER, that the Company shall not for any purpose be required to execute a general consent to service of process or to qualify to do business as a foreign corporation in any jurisdiction where it is not so qualified, or, subject itself to taxation in a jurisdiction where it had not previously been subject to taxation, or take any other action that would subject the Company to service of process in a lawsuit other than one arising out of the registration of the Shares;
(viii) notify UNOVA at any time when a prospectus relating to the Securities thereto is (or but for the exemption in Rule 172 would be) required to be delivered under the Act by any Underwriter or dealer, of the happening of any event occurs as a result of which such registration statement contains an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the Final Prospectus as then amended statements therein not misleading and, at the request of UNOVA, to prepare a supplement or supplemented would include amendment to such registration statement so that such registration statement will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements thereintherein not misleading;
(ix) cause all Registration Shares to be listed on each securities exchange on which similar securities issued by the Company are then listed; UNOVA, Inc. November 11, 1997 Page 12
(x) provide a transfer agent and (if required) a registrar for all Registration Shares not later than the effective date of such registration statement;
(xi) enter into such customary agreements (including an underwriting agreement in customary form) and take all such other actions as UNOVA or the light underwriters, if any, reasonably request in order to expedite or facilitate the disposition of the circumstances under which they were madeRegistration Shares;
(xii) make available for inspection by UNOVA, not misleadingany underwriter participating in any disposition pursuant to such registration statement, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative of such event and will promptly prepare and file with the Commission and furnish, at its own expense, to the Underwriters and the dealers and any attorney, accountant or other dealers upon request agent retained by UNOVA or such underwriter, all financial and other records, pertinent corporate documents and properties of the RepresentativeCompany, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise and cause the Underwriters promptly of any proposal Company's officers, directors and employees to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery ofsupply all information reasonably requested by UNOVA, any such amendment underwriter, attorney, accountant or supplement shall constitute agent in connection with such registration statement;
(xiii) use its best efforts to cause the Registration Shares covered by such registration statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable UNOVA to consummate the disposition of such Registration Shares; and
(xiv) use its best efforts to obtain, in addition to such consents as may be necessary, a waiver of any comfort letter from the Company's independent public accountants in customary form and covering such matters of the conditions set forth in Section 7 hereoftype customarily covered by comfort letters as UNOVA may reasonably request.
(df) It shall be a condition precedent to the obligation of the Company to register any Registration Shares pursuant to this Section 4 that UNOVA shall have (i) furnished to the Company such information regarding the sellers of the Registration Shares and the intended disposition of the Registration Shares and other information concerning UNOVA as the Company shall reasonably request and as shall be required in connection with any registration statement to be filed by the Company; and (ii) agreed to abide by such additional or customary term affecting any proposed offering of Company Stock, including reasonable lock-up terms, as reasonably requested by the managing underwriter of such offering.
(g) Except as otherwise provided herein, Company shall pay all of the expenses in connection with any registration pursuant to this Section 4, including without limitation costs of complying with federal and state securities laws and regulations, attorneys' and accounting fees of the Company, printing expenses and federal and state filing fees, but the Company shall not be obligated to pay underwriting discounts or commissions, or brokerage costs, transfer taxes, or the fees and disbursements of any counsel for UNOVA. UNOVA, Inc. November 11, 1997 Page 13
(h) As soon as practicable, but not later than June 30, 2008practicable following the date hereof, the Company and UNOVA shall enter into definitive agreements necessary to create a research and development alliance (the "Alliance") between the Company and UNOVA in which the parties will make generally available develop and market radio frequency identification ("RFID") technology to its securityholders an earnings statement covering be jointly identified and developed or acquired during the term of the Alliance (the "RFID Technology"). Such agreements shall include without limitation (i) a technology development agreement under which the Company will develop certain RFID Technology and be compensated (whether in cash, licenses or otherwise) for such development based on certain milestones, with the acknowledgment that UNOVA shall have paid the Company on the Closing Date the Advance Fee of $2,500,000 as partial payment for such work, and (ii) cross licenses by and to the Company and UNOVA of the RFID Technology and certain other existing proprietary technology of the Company and/or UNOVA. Notwithstanding the foregoing, if UNOVA and the Company are unable to conclude on mutually satisfactory terms (x) the acquisition of certain third party technology that forms a basis for the Alliance, and (y) the technology development agreement referred to above, in each case by January 31, 1998, the 15-month waiting period for demand registration rights set forth in paragraph 4(c) shall be deemed expired, UNOVA may immediately thereafter demand registration of at least 12 months beginning after the Shares, and the payment and allocation set forth in paragraph 1(a) shall be deemed to be $10,000,000 for the Purchase Price for the Shares.
(i) During the period from the date of this Agreement and satisfying the provisions of Section 11(a) of the Act and Rule 158.
(e) The Company will furnish to the Representative copies of the Registration Statement, including all exhibits, any Statutory Prospectus, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with shall operate its business solely in the Commission a registration statement under the Securities Act relating to, ordinary course and shall refrain from entering into any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, extraordinary transactions without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventoryUNOVA, other than as disclosed in paragraph 2(q).
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Agreement (Unova Inc)
Certain Agreements of the Company. The Company agrees with the several Underwriters that:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and consented to by the Representativeapplicable, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will advise CSFB promptly advise the Representative of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer the Representative afford CSFB a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative CSFB promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its commercially reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Securities Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Securities Act, the Company promptly will promptly notify the Representative CSFB of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s CSFB's consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(d) As soon as practicable, but not later than June 30, 200816 months after the date of this Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of the Registration Statement relating to the Offered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of this Agreement and satisfying (iii) the date of the Company's most recent Annual Report Form 10-K filed with the Commission prior to the date of this Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Securities Act.
(e) The Company will furnish to the Representative Representatives copies of the Registration StatementStatement in the form it became effective, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative CSFB reasonably requests. The Prospectus shall be so furnished on or prior to 3:00 P.M., New York time, on the business day following the execution and delivery of this Agreement. All other documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably CSFB designates and will continue such qualifications in effect so long as required for the distribution distribution, provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process or qualify to do business or subject itself to taxation with respect to doing business in any such jurisdictionjurisdiction where it is not so qualified.
(g) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counselcounsel subject to a maximum of $5,000) incurred in connection with qualification of the Offered Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate CSFB designates and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Offered Securities; , for any travel expenses of the Company's officers and (x) employees and any other expenses of the Company in connection with attending or hosting meetings with prospective purchasers of the Offered Securities, for expenses incurred in distributing the Preliminary Prospectus preliminary prospectuses, any preliminary prospectus supplements and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing preparing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse bound volumes of transaction documents for the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters Representatives and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwritercounsel.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the The Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any to debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on CSFB for a period beginning at the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters Agreement and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to ending at the Closing Date and to satisfy all conditions precedent to the delivery of the SecuritiesDate.
Appears in 1 contract
Samples: Underwriting Agreement (Rli Corp)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters one signed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeLead Underwriter, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Lead Underwriter's consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of this the registration statement relating to the Registered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Lead Underwriter reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably Lead Underwriter designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) During the period of five years after the date of any Terms Agreement, the Company will furnish to the Representatives and, upon request, to each of the other Underwriters, if any, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to the Representatives (i) as soon as available, a copy of each report and any definitive proxy statement of the Company filed with the Commission under the Exchange Act or mailed to stockholders, and (ii) from time to time, such other information concerning the Company as the Lead Underwriter may reasonably request.
(h) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement), the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and or other expenses (including reasonable legal fees and disbursements of counsel) incurred in connection with qualification or exemption of the Registered Securities for sale under the securities and real estate syndication laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Lead Underwriter may designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Offered Securities; , any applicable filing fee and (x) expense incident to, any review by the National Association of Securities Dealers, Inc. of the Registered Securities, all expenses incurred in distributing incident to the Preliminary Prospectus registration of the Offered Securities and the Final Prospectus (including printing and the wordprocessing of copies of the Registration Statement, any amendments prospectus and supplements thereto) to this Agreement, the Underwriters fees and expenses incurred of the Trustee, including if required the fees and disbursements of counsel for preparingthe Trustee in connection with the Indenture and the Offered Securities, printing the fees and distributing expenses of any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse depositary in connection with holding the Underwriters (to the extent incurred by them) for all reasonable Offered Securities in book-entry form, any travel expenses of the Underwriters and the Company’s 's officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of the Registered Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition in distributing the Prospectus, any preliminary prospectus supplements or any other amendments or supplements to the foregoing, Prospectus to the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the SecuritiesUnderwriters.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the The Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any United States dollar-denominated debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, issue or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under Lead Underwriter for a period beginning at the credit facilities existing time of execution of the Terms Agreement and ending on the date hereof or secured financings of accounts receivables and inventoryspecified under "Blackout" in the Terms Agreement.
(j) The Company will indemnify and hold harmless use the Underwriters against any documentary, stamp or similar issuance tax that may be imposed net proceeds received by it from the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Offered Securities and on sold by it in the execution and delivery manner specified in the Prospectus Supplement under "Use of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the CompanyProceeds".
(k) The Company will use its reasonable best efforts to have continue to meet the Securities admitted requirements to trading on qualify as a "real estate investment trust" under the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchangeCode.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Underwriting Agreement (Pan Pacific Retail Properties Inc)
Certain Agreements of the Company. The Company agrees with the several Underwriters Agents that it will furnish to Cahill Gordon & Reindel, counsel for the Agents, one signed xxxx xx xxe Xxxxxxxation Statement, including all exhibits and all documents incorporated by reference, in the form it became effective and of all amendments thereto and that, in connection with each offering of Notes, it will take the following actions:
(a) The Company has filed or will file each Statutory Prospectus (including From the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and consented to by the Representative, subparagraph (5)) not later than the second business day following the earlier time solicitation regarding sale of the date it Notes is first used or begun until all of the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433.
Notes have been sold (bi) The the Company will advise each Agent promptly advise the Representative of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time by means of a post- effective amendment, sticker, or supplement (except post- effective amendments, supplements, and stickers relating solely to interest rates or maturities of Notes) but not by means of incorporation of document(s) by reference into the Registration Statement or the Prospectus; (ii) the Company will offer afford the Representative Agents a reasonable opportunity to comment on any such amendment proposed post-effective amendment, sticker, or supplement; and (iii) the Company will also advise the Representative promptly each Agent of (i) the filing of any such amendment post-effective amendment, sticker, or supplement, ; and (iiiv) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, Company will (iiix) advise each Agent of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purposepart thereof, and (ivy) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order, and (z) if a stop order or the suspension of any such qualification and, if is issued, to obtain its lifting as soon as possible the withdrawal thereofpossible.
(cb) IfIf from the time solicitation regarding sale of the Notes is begun until all of the Notes have been sold, at any time when a prospectus relating the Company shall determine that it is necessary to suspend solicitation of the Securities is Notes because of the occurrence of an event that results in the Prospectus either (or but for the exemption in Rule 172 would bex) required to be delivered under the Act by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include including an untrue statement of a material fact or omit omitting to state any material fact necessary to make the statements thereinin such Prospectus, in the light of the circumstances under which they were mademade when such Prospectus was delivered, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus (y) failing to comply with the Act, then the Company will promptly notify each Agent to suspend solicitation of purchases of the Representative Notes. Notwithstanding Section 4(a) if the Company shall determine to amend or supplement the Registration Statement or Prospectus to correct such result, it will advise each Agent promptly and afford the Agents a reasonable opportunity to discuss and comment upon the nature of the disclosure in such event amendment or supplement. Notwithstanding the foregoing, if at the time of any notification to suspend solicitations (i) this Agreement shall be in effect and any Agent shall own any of the Notes with the intention of reselling them, or (ii) the Company has accepted an offer to purchase Notes but the related settlement has not occurred, then the Company, subject to the provisions of Section 4(a) of this Agreement, will promptly prepare and file with the Commission and furnish, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance.
(c) The Company, during the period when a prospectus relating to the Notes is required to be delivered under the Act, will furnish to each Agent promptly after timely filing with the Commission all documents required to be filed pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act (except those filings associated with employee benefit plans). The Company will advise immediately notify each Agent of any downgrading in the Underwriters promptly rating of the Notes or any other debt securities of the Company, or any proposal to amend or supplement downgrade the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any rating of the conditions set forth in Section 7 hereofNotes or any other debt securities of the Company, by any "nationally recognized statistical rating organization" (as defined for purposes of Rule 436(g) under the Act), as soon as the Company learns of such downgrading or proposal to downgrade.
(d) As soon as practicable, but not later than June 30, 2008, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement and satisfying the provisions of Section 11(a) of the Act and Rule 158.
(e) The Company will furnish to the Representative each Agent copies of the Registration Statement, including all exhibitsexhibits except those incorporated by reference, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative are reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documentsrequested.
(fe) The Company will arrange for use its best efforts to obtain the qualification of the Securities Notes for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates Agents designate and will continue such qualifications in effect so long as required for the distribution provided distribution; provided, however, that the Company will shall not be required to qualify as a foreign corporation or to file a general any consent to service of process in under the laws of any jurisdiction or to comply with any other requirements deemed by the Company to be unduly burdensome.
(f) So long as any Notes are outstanding, the Company will furnish to the Agents: (i) as soon as practicable after the end of each fiscal year, a copy of its annual report to shareholders for such jurisdictionyear, (ii) as soon as available, a copy of each report or definitive proxy statement of the Company filed with the Commission under the Exchange Act or mailed to shareholders, and (iii) from time to time, such other information concerning the Company as you may reasonably request.
(g) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and will reimburse each Agent for any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including Blue Sky fees and disbursements of counselcounsel which will not in the aggregate exceed $6,000) incurred by it in connection with qualification of the Securities Notes for sale and determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters such Agent may designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any filing fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing Notes, for any filing fee of the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) National Association of Securities Dealers, Inc. relating to the Underwriters Notes, and expenses incurred for preparing, printing the reasonable fees and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (disbursements of counsel to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent UnderwriterAgents.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 Not later than 45 days after the end of the 12-month period beginning at the end of any fiscal quarter of the Company in which the Closing DateDate or any other Representation Date occurs, the Company will not offer, sell, contract make generally available to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration its security holders an earnings statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will which need not be required to pay audited) covering such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company 12-month period which will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since satisfy the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(oSection 11(a) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the SecuritiesAct.
Appears in 1 contract
Certain Agreements of the Company. The Company covenants and agrees with each of the several Underwriters thatUnderwriters:
(a) The To furnish such information as may be required and otherwise to cooperate in qualifying the Shares for offering and sale under (or obtain exemptions from the application of) the securities or “blue sky” laws of such jurisdictions (both domestic and foreign) as the Representative may designate and to maintain such qualifications (or exemptions) in effect as long as requested by the Representative for the distribution of the Shares, provided that the Company has filed shall not be required to qualify as a foreign corporation or to consent to the service of process under the laws of any such state (except service of process with respect to the offering and sale of the Shares).
(b) If, after the time this Agreement is executed and delivered, it is necessary for a post-effective amendment to the Registration Statement to be declared effective before the offering of the Shares may commence, the Company will file each Statutory Prospectus (including endeavor to cause such post-effective amendment to become effective as soon as possible and will advise the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2) (orRepresentative promptly and, if applicable and consented to requested by the Representative, subparagraph will confirm such advice in writing, when such post-effective amendment has become effective.
(5)c) To prepare the Prospectus in a form approved by the Representative and to file such Prospectus pursuant to Rule 424(b) under the Securities Act not later than the Commission’s close of business on the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied ; during the period beginning on the date hereof and will comply ending on the date, which in the opinion of counsel for the Underwriters, a prospectus is no longer required by law to be delivered in connection with Rule 433.
(b) The Company will promptly advise the Representative offering and sales of the Shares, to make no further amendment or any proposal supplement to amend or supplement the Registration Statement or Prospectus (including any Statutory Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any such amendment or supplement; and supplement through incorporation of any report filed under the Company will also advise Exchange Act) which shall be disapproved by the Representative promptly after reasonable notice thereof; to advise the Representative, promptly after it receives notice thereof, of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for time when any amendment to the Registration Statement, for Statement has been filed or becomes effective or any supplement to any Statutory the Prospectus or any amended Prospectus has been filed and to furnish the Representative with copies thereof; to file promptly, and in any event within the time periods specified, all reports and any definitive proxy or information statements required to be filed by the Company pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date of the Prospectus for any additional informationso long as the delivery of a prospectus (or in lieu thereof, (iiithe notice referred to in Rule 173(a) under the institution Securities Act) is required in connection with the offering or sale of the Shares; to advise the Representative, promptly after it receives notice thereof, of the issuance by the Commission of any stop order proceedings or of any order preventing or suspending the use of the Time of Sale Prospectus or the Prospectus or any other prospectus in respect of the Registration Statement or the threatening Shares, of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities Shares for offering or sale in any jurisdiction or jurisdiction, of the institution initiation or threatening of any proceedings proceeding for any such purpose. The Company will , or of any request by the Commission for the amending or supplementing of the Registration Statement or Prospectus or for additional information; and, in the event of the issuance of any stop order or of any order preventing or suspending the use of the Time of Sale Prospectus or the Prospectus or other prospectus or suspending any such qualification, promptly to use its reasonable best efforts to prevent obtain the issuance withdrawal of any such stop order or order.
(d) No later than 12:00 p.m., Eastern time, on the suspension second business day succeeding the date of any this Agreement, and from time to time, to furnish the Underwriters with written and electronic copies of the Prospectus in such qualification quantities as the Representative may reasonably request, and, if issuedthe delivery of a prospectus (or in lieu thereof, the notice referred to obtain as soon as possible in Rule 173(a) under the withdrawal thereof.
(cSecurities Act) If, is required at any time when a prospectus relating prior to the Securities is (expiration of nine months after the time of issue of the Prospectus in connection with the offering or but for sale of the exemption in Rule 172 would be) required to be delivered under the Act by Shares and if at such time any Underwriter or dealer, any event occurs events shall have occurred as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were mademade when such Prospectus (or in lieu thereof, the notice referred to in Rule 173(a) under the Securities Act) is delivered, not misleading, or or, if for any other reason it is shall be necessary at any time during such period to amend the Registration Statement or supplement the Final Prospectus in order to comply with the Securities Act, the Company will promptly to notify the Representative of such event and will promptly upon its request to prepare and file with furnish without charge to each Underwriter and to any dealer in securities as many written and electronic copies as the Commission and furnish, at its own expense, Representative may from time to time reasonably request of an amended Prospectus or a supplement to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement Prospectus which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise , and in case any Underwriter is required by law, rule or regulation to deliver a prospectus (or in lieu thereof, the Underwriters promptly of any proposal notice referred to amend or supplement in Rule 173(a) under the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver Securities Act) in connection with sales of any of the conditions set forth in Shares at any time nine months or more after the time of issue of the Prospectus, upon the request of the Representative but at the expense of such Underwriter, to prepare and deliver to such Underwriter as many written and electronic copies as the Representative may reasonably request of an amended or supplemented Prospectus complying with Section 7 hereof10(a)(3) of the Securities Act.
(de) As soon as practicable, but not later than June 30, 2008, the Company will To make generally available to its securityholders via XXXXX within the required time periods after the effective date of the Registration Statement (as the term “effective date” is defined in Rule 158(c) under the Securities Act), an earnings statement covering a period of at least 12 months beginning after the date of this Agreement Company and satisfying its consolidated subsidiaries (which need not be audited) complying with the provisions of Section 11(a) of the Securities Act and Rule 158.
(e) The Company will furnish to including, at the Representative copies option of the Registration StatementCompany, including all exhibits, any Statutory Prospectus, Rule 158 under the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documentsSecurities Act).
(f) The Company will arrange for During the qualification of the Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities period beginning from the Underwriters. If date hereof and continuing to and including the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder date 90 days after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing DateProspectus, the Company will except as provided hereunder, not to, directly or indirectly, offer, sell, contract to sell, pledge or otherwise dispose of, directly of (or indirectlyenter into any transaction or device which is designed to, or file with the Commission a registration statement under the Securities Act relating could be expected to, result in the disposition of) any debt shares of Common Stock or any securities issued that are substantially similar to the Common Stock or guaranteed by securities convertible into or exchangeable for Common Stock or any securities that are substantially similar to the Company and having a maturity Common Stock, or sell or grant options, rights or warrants with respect to any shares of more Common Stock or any securities that are substantially similar to Common Stock or securities convertible into or exchangeable for Common Stock or any securities that are substantially similar to Common Stock, or publicly announce the intention to do any of the foregoing (other than one year from pursuant to equity incentive plans existing on the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filingthis Agreement), without the prior written consent of the Representative; provided , provided, however, that, notwithstanding the foregoing, if (i) during the last 17 days of the 90-day restricted period, the Company issues an earnings release or material news or a material event relating to the Company occurs or (ii) prior to the expiration of the 90-day restricted period, the Company announces that it will release earnings results during the 16-day period beginning on the last day of the 90-day restricted period, the restrictions imposed in this provision Section 3(f) shall continue to apply until the expiration of the 18-day period beginning on the issuance of the earnings release or the occurrence of the material news or material event, except that such extension will not apply if, within three business days prior to the 15th calendar day before the last day of the 90-day restricted period, (A) the Company delivers a certificate, signed by the Chief Financial Officer or Chief Executive Officer of the Company, certifying on behalf of the Company that (1) the shares of Common Stock are “actively traded securities” (as defined in Regulation M), (2) the Company meets the applicable requirements of paragraph (a)(1) of Rule 139 under the Securities Act in the manner contemplated by FINRA Conduct Rule 2711(f)(4) and (3) the provisions of FINRA Conduct Rule 2711(f)(4) are not applicable to any research reports relating to the Company published or distributed by any of the Underwriters during the 15 days before or after the last day of the 90-day restricted period (before giving effect to such extension) and (B) the Representative concurs, in its reasonable judgment, with such certifications. The foregoing sentence shall not prohibit borrowings under the credit facilities existing issuance of any shares of Common Stock or options to purchase Common Stock or other Common Stock-based awards, in each case granted pursuant to any equity compensation plan or agreement referred to in the Prospectus.
(g) During a period of two years from the effective date of the Registration Statement, to deliver or to make available via XXXXX to the Representative promptly after they become available, copies of any reports and financial statements furnished by the Company to its stockholders or filed with the Commission, FINRA or any national securities exchange on which the date hereof Common Stock is listed.
(h) To engage and maintain, at its expense, a registrar and transfer agent for the Shares.
(i) Prior to termination of the underwriting syndicate contemplated by this Agreement, not to, and to use its best efforts to cause its officers, directors and affiliates not to, (i) take, directly or secured financings indirectly, any action designed to stabilize or manipulate the price of accounts receivables and inventoryany security of the Company, or which may cause or result in, or which might in the future reasonably be expected to cause or result in, the stabilization or manipulation of the price of any security of the Company, to facilitate the sale or resale of any of the Shares, (ii) sell, bid for, purchase or pay anyone any compensation for soliciting purchases of the Shares or (iii) pay or agree to pay any person any compensation for soliciting any order to purchase any other securities of the Company.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters To cause each person listed on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments Exhibit B hereto to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made furnish to the Underwriter without Representative, prior to the First Delivery Date, a withholding letter or deduction letters, substantially in the form of tax had that Underwriter complied with its obligations to cooperate with the CompanyExhibit A hereto.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market To comply with all of the Luxembourg Stock Exchange and will maintain such listing as long as provisions of any undertakings in the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchangeRegistration Statement.
(l) The If the Company elects to rely upon Rule 462(b) under the Securities Act, the Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Servicesfile a Rule 462(b) Registration Statement with the Commission in compliance with Rule 462(b) by 10:00 p.m., a division Washington, D.C. time, on the date of the McGraw Hill, Inc. (“S&P”)this Agreement, and Mxxxx’x Investors Service Inc. (“Moody’s”the Company shall at the time of filing either pay to the Commission the filing fee for the Rule 462(b) Registration Statement or give irrevocable instructions for the payment of such fee pursuant to provide and/or confirm their respective credit ratings of the Securities.
(mRule 111(b) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit under the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the CompanyAct.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Underwriting Agreement (Nn Inc)
Certain Agreements of the Company. The Company agrees with the several Underwriters Underwriter that:
(a) The Company has filed or will file each Statutory the Prospectus (including Supplement with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2subparagraph (1) or (2) (or, if applicable and as consented to by the Representative, subparagraph (5)Underwriter) of Rule 424(b) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement) (or, if applicable and if consented to by the Underwriter, subparagraph (4) or (5)). The Company has complied and will comply with advise the Underwriter promptly of any such filing pursuant to Rule 433424(b).
(b) The Company will promptly advise the Representative Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any not effect such amendment or supplementsupplementation without the Underwriter's consent; and the Company will also advise the Representative Underwriter promptly of (i) the filing effectiveness of the Registration Statement and of any such amendment or supplement, (ii) any request by supplementation of a Registration Statement or the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the a Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Securities Shares is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any the Underwriter or any dealer, any event occurs or condition exists as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Actapplicable law, the Company will promptly notify the Representative Underwriter of such event or condition and will promptly prepare and prepare, file with the Commission and furnish, at its own expense, to the Underwriters Underwriter and the dealers to which Shares may have been sold and to any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Underwriter's consent to, nor the Underwriters’ and its delivery of, any such amendment or supplement shall not constitute a waiver of any of the conditions set forth in Section 7 hereof6.
(d) As soon as practicable, but not later than June 30, 2008the Availability Date (as defined below), the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date Effective Date of this Agreement and satisfying the Initial Registration Statement (or, if later, the Effective Date of the Additional Registration Statement) which will satisfy the provisions of Section 11(a) of the Act and Rule 158.
(e) The Company will furnish to Act. For the Representative copies purpose of the Registration Statementpreceding sentence, including all exhibits, any Statutory Prospectus, "AVAILABILITY DATE" means the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as 45th day after the Representative reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification end of the Securities for sale and fourth fiscal quarter following the determination of their eligibility for investment under fiscal quarter that includes such Effective Date, except that, if such fourth fiscal quarter is the laws of such jurisdictions as the Representative reasonably designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses last quarter of the Company’s legal advisors; (ii) 's fiscal year, "AVAILABILITY DATE" means the fees, disbursements and expenses of 90th day after the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws end of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriterfourth fiscal quarter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Underwriting Agreement (Xm Satellite Radio Holdings Inc)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to Shearman & Sterling LLP, counsel for the Underwriters, as many signed copies of the registration statement as they may reasonably request relating to the Registered Securities, including all exhibits, in the form in which it became effective and of all amendments thereto and that, in connection with each offering of Securities:
(a) If required by Rule 430B(h) under the Act, the Company will prepare the Prospectus and International Prospectus each in a form to which the Underwriters shall not reasonably object. The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) such form of prospectus pursuant to and in accordance with Rule 424(b)(2424(b) (or, if applicable and consented to by under the Representative, subparagraph (5)) Act not later than the Commission’s close of business on the second business day following the earlier execution and delivery of the date it is first used Terms Agreement and will make no further amendment or supplement to such form of prospectus which shall be disapproved by the Underwriters promptly after reasonable notice thereof; if the Securities to be purchased by the Managers are to be registered under the Registration Statement, the Company will file such form of prospectus pursuant to Rule 424(b) under the Act, not later than the Commission’s close of business on the second business day following the execution and delivery of this Agreement. The Company has complied the Subscription Agreement and will comply with Rule 433make no further amendment or supplement to such form of prospectus which shall be disapproved by the Underwriters promptly after reasonable notice thereof.
(b) The Company will promptly will, during the period following the date of the Terms Agreement as, in the opinion of counsel for the Underwriters, any Prospectus or International Prospectus is required by law to be delivered, advise the Representative Representatives (and Managers) promptly of any proposal to amend or supplement the Registration Statement Statement, the Basic Prospectus or the Prospectus or International Prospectus, will furnish the Representatives (and Managers) with copies of any Statutory Prospectus at any such amendment or supplement or other documents proposed to be filed within a reasonable time in advance of filing, and will offer afford the Representative Representatives (and Managers) a reasonable opportunity to comment on upon any such proposed amendment or supplementsupplement or other documents; and the Company will also advise the Representative Representatives (and Managers) promptly of (i) the filing of any such amendment or supplement, .
(iic) any request by The Company will advise the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, Representatives (iiiand Managers) (i) of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding part thereof and will use its best efforts to prevent the issuance of any such stop order and to obtain as soon as possible its lifting, if issued, (ii) when any post-effective amendment to the Registration Statement relating to or covering the Securities becomes effective, (iii) of any request or proposed request by the Commission for that purpose(A) an amendment or supplement to the Registration Statement (insofar as the amendment or supplement relates to or covers the Securities), the Prospectus or International Prospectus or any document incorporated by reference in any of the foregoing or (B) any additional information and (iv) the of receipt by the Company of any notification with respect to the suspension of the qualification of the Securities for sale in any jurisdiction or the institution initiation or threatening threat of any proceedings proceeding for such that purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, to obtain as soon as possible the withdrawal thereof.
(cd) If, at any time when a prospectus relating to the Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act by any Underwriter (or dealerin lieu thereof, the notice referred to in Rule 173(a) under the Act), any event occurs as a result of which the Final Prospectus or International Prospectus, as the case may be, as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if in the reasonable judgment of the Underwriters (reasonably concurred in by the Company) it is shall be necessary at any time or desirable during such period to amend the Registration Statement or supplement the Final Prospectus or International Prospectus or to file under the Securities Exchange Act any document incorporated by reference in the Prospectus or International Prospectus in order to comply with the Act, the Securities Exchange Act or the Trust Indenture Act, if applicable, the Company promptly will promptly notify the Representative of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, subject to the Underwriters and the dealers and any other dealers upon request of the Representativesubsection 4(b) hereof, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to otherwise amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof.
(d) As soon as practicable, but not later than June 30, 2008, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement and satisfying the provisions of Section 11(a) of the Act and Rule 158.
(e) The Company will furnish to the Representative copies of the Registration Statement, including all exhibits, any Statutory Prospectus, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.supplement
Appears in 1 contract
Samples: Underwriting Agreement (Eaton Corp)
Certain Agreements of the Company. The Company agrees with the several Underwriters Underwriter that:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2subparagraph (4) or (5) (or, if applicable and as consented to by the Representative, subparagraph (5)Underwriter) of Rule 424(b) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement). The Company has complied and will comply with advise the Underwriter promptly of any such filing pursuant to Rule 433424(b).
(b) The Company will promptly advise the Representative Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Underwriter a reasonable opportunity to comment on any such proposed amendment or supplementsupplement and will not effect such amendment or supplementation without the Underwriter's consent, which consent shall not be unreasonably withheld; and the Company will also advise the Representative Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to supplement of the Registration Statement, for any supplement to any Statutory Statement or the Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any the Underwriter or any dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which that will correct such statement or omission or an amendment which that will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Underwriter's consent to, nor the Underwriters’ Underwriter's delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 6 hereof.
(d) As soon as practicable, but not later than June 30, 2008practicable after the date of this Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of this Agreement the Registration Statement, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date hereof and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date hereof, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to counsel to the Representative Underwriter copies of the Registration StatementStatement in the form it became effective (one of which will be signed) and of all amendments thereto, including all exhibitsand, so long as a prospectus relating to the Offered Securities is required to be delivered under the Act in connection with sales by the Underwriter or any Statutory Prospectusdealer, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requestsUnderwriter has requested. The Prospectus shall be so furnished on or prior to 3:00 P.M., New York time, on the business day following the execution and delivery of this Agreement. All other documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters Underwriter all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably Underwriter designates and will continue such qualifications in effect so long as required for the distribution provided of the Offered Securities; provided, however, that the Company will shall not be required in connection therewith to qualify as a foreign corporation in any jurisdiction in which it is not now so qualified or to file a take any action that would subject it to general consent to service of process or taxation other than as to matters and transactions relating to the Prospectus or the Registration Statement or the offering or sale of the Offered Securities, in any such jurisdictionjurisdiction in which it is not now so subject.
(g) During the period of two years hereafter, the Company will furnish to the Underwriter, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year.
(h) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Offered Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate Underwriter designates and the printing of memoranda relating thereto, costs thereto and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus preliminary prospectuses and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the The Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any to United States dollar-denominated debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on Underwriter for a period of 90 days after the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market initial public offering of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Offered Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters Underwriter that:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and consented to by the Representative, subparagraph (5)) not later than the second business day following the earlier execution and delivery of this Agreement. If an additional registration statement necessary to register a portion of the date it is first used or Offered Securities under the Act has not been filed prior to the execution and delivery of this Agreement. The , the Company has complied and will comply file the additional registration statement in accordance with Rule 433462(b) on or prior to 6:00 P.M., New York City time, on the date following the date of this Agreement.
(b) The Company will promptly advise the Representative Underwriter promptly of any proposal to amend or supplement the Registration Statement Statements or any Statutory the Prospectus at any time and will offer afford the Representative Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement Statements or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, If at any time prior to the expiration of nine months after the Effective Date of any Registration Statement when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act by any Underwriter or dealerin connection with sales of the Offered Securities, any event occurs as a result of which which, in the Final opinion of counsel for the Underwriter or for the Company, the Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary necessary, in the opinion of such counsel, at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Underwriter of such event and and, upon its request, will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise furnish without charge to the Underwriters promptly Underwriter as many copies as the Underwriter may from time to time reasonably request of any proposal to amend such amended or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereofsupplemented Prospectus.
(d) As soon as practicable, but not later than June 30, 2008, the The Company will make generally available to its securityholders as soon as practicable, but in any event not later than 18 months after the Effective Date of the Initial Registration Statement (as defined in Rule 158(c) under the Act) (or, if later, the Effective Date of the Additional Registration Statement), an earnings statement covering a period of at least 12 months beginning after the date of this Agreement and satisfying Company (which need not be audited unless required by the provisions of Act) complying with Section 11(a) of the Act and the Rules and Regulations (including, at the option of the Company, Rule 158).
(e) The Company will furnish to the Representative Underwriter copies of the each Registration Statement, including all exhibits, any Statutory Prospectus, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Underwriter may reasonably requestsrequest. The Company will pay the expenses of printing and distributing to the Underwriters Underwriter all such documents.
(f) The Company will arrange for use its best efforts, in cooperation with the qualification of Underwriter, to qualify the Offered Securities for offering and sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates Underwriter may designate and will continue such qualifications in effect so long as required for the distribution provided distribution; provided, however, that the Company will shall not be required obligated to file any general consent to service of process or to qualify as a foreign corporation or to file as a general consent to service of process dealer in securities in any such jurisdictionjurisdiction in which it is not so qualified or to subject itself to taxation in respect of doing business in any jurisdiction in which it is not otherwise so subject.
(g) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of the IndenturesAgreement, including, subject to receipt of sufficiently itemized accounts including (i) the feespreparation, disbursements printing and expenses filing of the Company’s legal advisors; each Registration Statement as originally filed and or each amendment thereto, (ii) the feespreparation, disbursements printing and expenses delivery to the Underwriter of the Company’s accountants; this Agreement, (iii) the feespreparation, disbursements issuance and delivery of the certificates for the Offered Securities to the Underwriter, and expenses of the Underwriters’ legal advisorsincurred thereto, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses disbursements of the Trustee or any paying agent Company's counsel, accountants and their respective professional other advisors; , (v) all expenses the qualification of the Offered Securities under securities laws in connection accordance with the executionprovisions of Section 4(f) hereof, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost printing and delivery to the Underwriter of listing the Securities and qualifying the Securities for trading on the Euro MTF Market copies of the Luxembourg Stock Exchange Prospectus and any expenses incidental amendments or supplements thereto, including those of the Luxembourg listing agent; (vii) the cost preparation, printing and delivery to the Underwriter of copies of any advertising approved by the Company in connection with the issue of the Securities; Blue Sky Survey and any supplement thereto, (viii) the fees and expenses of any transfer agent or registrar for the Offered Securities, (ix) the filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related incident to the review by the National Association of Securities Deals Dealers, Inc. (the "NASD") of the Securities; (ix) any fees charged by investment rating agencies for the rating terms of the Securities; sale of the Offered Securities and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters fees and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale listing of the Securities. The Company shall not be liable to Offered Securities on the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than Nasdaq National Market; provided that, except as set forth otherwise provided in this Section 5(h) each of paragraph, the parties hereto Underwriter shall bear all out-of-pocket pay its own costs and expenses, including the fees and expenses incurred by them. In addition to of its counsel, any transfer taxes on the foregoing, the Company will also pay Offered Securities which it may sell and the expenses of advertising any offering of the Qualified Independent Offered Securities made by the Underwriter.
(h) In connection with The Company will use the offering, until net proceeds received by it from the Underwriters shall have notified the Company sale of the completion Offered Securities in the manner specified in the Prospectus under the Section entitled "Use of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the SecuritiesProceeds".
(i) After The Company will use its best efforts to effect and maintain the quotation of the Offered Securities on the Nasdaq National Market and will file with the Nasdaq National Market all documents and notices required by the Nasdaq National Market of companies that have securities that are traded in the over-the-counter market and quotations for which are reported by the Nasdaq National Market.
(j) The Company, during the period when the Prospectus is required to be delivered under the Act or the 1934 Act, will file all documents required to be filed with the Commission pursuant to the 1934 Act within the time periods required by the 1934 Act and the 1934 Act Regulations.
(k) For a period of 60 days after the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing DateProspectus, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, to any debt additional shares of its securities issued or guaranteed by the Company and having a maturity securities convertible into or exchangeable or exercisable for any shares of more than one year from the date of issue, or any options or derivatives in respect of such debt its securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision Underwriter. The foregoing restriction shall not prohibit borrowings under apply to (i) issuances of securities pursuant to the credit facilities existing conversion or exchange of convertible or exchangeable securities or the exercise of warrants or options, in each case outstanding on the date hereof, (ii) grants of employee stock options or other awards pursuant to the terms of any employee benefit plan of the Company in effect on the date hereof or secured financings outside of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless any plan in the Underwriters against any documentarydiscretion of the Company's Board of Directors, stamp or similar issuance tax that may be imposed issuances of securities pursuant to the exercise of such options or other awards or issuances described in or contemplated by the United StatesCompany's public filings made in accordance with the 1934 Act, Luxembourg, the United Kingdom and (iii) issuances of shares or the Republic securities convertible into or exchangeable for shares of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made Common Stock in connection with acquisitions by the Company hereunder shall or any Subsidiary (collectively, the "Acquisition Shares") if the recipients of such Acquisition Shares each agree to be made without withholding or deduction bound by the restrictions set forth above for or on account the remainder of any present or future taxesthe 60-day period; provided that, duties or governmental charges whatsoever unless notwithstanding the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that eventforegoing, the Company shall pay may, in connection with acquisitions, issue up to 775,000 shares of Common Stock in the aggregate not subject to the foregoing restrictions and may file a registration statement under the Act with respect to all such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax775,000 shares. The Company will not be required cause each of its executive officers and directors to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made furnish to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; providedUnderwriter, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to Date, a lock-up letter, substantially in the delivery form of the SecuritiesExhibit A hereto.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters each Underwriter that:
(a) The Company will use its best efforts to cause the Registration Statement, and any amendment thereof, if not effective at the Execution Time, to become effective as promptly as possible. If the Registration Statement has filed become or becomes effective pursuant to Rule 430A, or filing of the Prospectus is otherwise required under Rule 424(b), the Company will file each Statutory Prospectus (including the Final Prospectus) , properly completed, pursuant to and in accordance with Rule 424(b)(2424(b) (or, if applicable and consented to by within the Representative, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied time period prescribed and will comply with Rule 433.
(b) provide evidence satisfactory to you of such timely filing. The Company will promptly advise the Representative of any proposal to amend or supplement you (i) when the Registration Statement or any Statutory Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any such amendment or supplement; and the Company will also advise the Representative promptly of (i) the filing of any such amendment or supplementshall have become effective, (ii) when any amendment thereof shall have become effective, (iii) of any request by the Commission or its staff for any amendment to or supplement of the Registration Statement, for any supplement to any Statutory -12- Statement or the Prospectus or for any additional information, (iiiiv) of the institution issuance by the Commission of any stop order proceedings in respect suspending the effectiveness of the Registration Statement or the institution or threatening of any proceeding for that purpose, purpose and (ivv) of the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities Stock for sale in any jurisdiction or the institution initiation or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, to obtain as soon as possible its withdrawal. The Company will not file any amendment to the withdrawal thereofRegistration Statement or supplement to the Prospectus without your prior consent, provided that such consent shall not be unreasonably withheld. The Company will prepare and file with the Commission, promptly upon your request, any amendment to the Registration Statement or supplement to the Prospectus that may be necessary or advisable in connection with the distribution of the Stock by you, and use its best efforts to cause the same to become effective as promptly as possible.
(cb) IfThe Company shall, at any during the period of time when a prospectus relating to the Securities Stock is (or but for the exemption in Rule 172 would be) required to be delivered under the Securities Act and the Rules, comply with all requirements imposed by the Securities Act and the Rules so far as is necessary to permit the continuance of sales of or dealings in the Stock in accordance with the provisions hereof and of the Prospectus. The Company consents to the use of the Prospectus or any Underwriter amendment or dealersupplement thereto by the several Underwriters and by all dealers to whom the Stock may be sold, both in connection with the offering or sale of the Stock and for such period of time thereafter as the Prospectus is required by law to be delivered in connection therewith. If during such period of time any event occurs shall occur as a result of which which, in the Final opinion of counsel to the Company or counsel to the Underwriters, the Prospectus as then amended or supplemented would include an includes any untrue statement of a material fact or omit omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if if, in the opinion of counsel to the Company or counsel to the Underwriters, it is shall be necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the ActSecurities Act or the Rules or any other applicable law, the Company will shall so notify you promptly notify the Representative of such event and will promptly and, at its expense, forthwith prepare and duly file with the Commission and furnish, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an appropriate amendment or supplement to the Prospectus (in form and substance reasonably satisfactory to you and counsel to the Underwriters) which will shall correct such statement or omission or an amendment which will shall effect such compliance. The , and the Company will advise the Underwriters promptly of any proposal shall use its best efforts to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, have any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereofdeclared effective as soon as possible.
(dc) As soon as practicable, but not later than June 30, 2008the Availability Date (as defined below), the Company will make generally available to its securityholders security holders in the manner contemplated by Rule 158(b) of the Securities Act an earnings statement (which need not be audited) covering a period of at least 12 months beginning after the date of this Agreement and satisfying the provisions of Section 11(a) of the Act and Rule 158.
(e) The Company will furnish to the Representative copies of the Registration Statement, including all exhibits, any Statutory Prospectus, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.-13-
Appears in 1 contract
Samples: Underwriting Agreement (Bowlin Outdoor Advertising & Travel Centers Inc)
Certain Agreements of the Company. The Company agrees with the several Underwriters thatUnderwriters:
(a) The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) , properly completed, with the Commission pursuant to and in accordance with Rule 424(b)(2subparagraph (2) (or, if applicable and if consented to by the Representative, subparagraph (5)) not of Rule 424(b) no later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreementused. The Company has complied and will comply with advise the Representative promptly of any such filing pursuant to Rule 433424(b).
(b) The Company shall file the final pricing information, which may be posted on a Bloomberg screen or distributed via Bloomberg, as a free writing prospectus.
(c) The Company will promptly advise the Representative promptly, in writing, of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any not effect such amendment or supplementsupplementation without the Representative's reasonable consent; and the Company will also advise the Representative promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to supplementation of the Registration Statement, for any supplement to any Statutory Statement or the Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(cd) If, at any time when a prospectus relating to the Securities Notes is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative of such event and will promptly prepare and file with the Commission and furnish(subject to the Representative's prior review pursuant to Section 5(b)), at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission omission, or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s 's consent to, nor the Underwriters’ Underwriters delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof6.
(de) As The Company will cause the Trust to make generally available to Noteholders, as soon as practicable, but not no later than June 30sixteen months after the date hereof, 2008, the Company will make generally available to its securityholders an earnings statement of the Trust covering a period of at least 12 twelve consecutive months beginning after the later of (i) the effective date of the registration statement relating to the Notes and (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of this Agreement and and, in each case, satisfying the provisions of Section 11(a) of the Act and (including Rule 158158 promulgated thereunder).
(ef) The Company will furnish to the Representative Underwriters copies of the Registration Statement, including all exhibits, any Statutory each Prospectus, the Final Prospectus Registration Statement and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requests. The Final Prospectus shall be furnished on or prior to 3:00 P.M., New York time, on the business day following the execution and delivery of this Agreement. All other such documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(fg) The Company will arrange for the qualification of the Securities Notes for offering and sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative may reasonably designates designate and will continue such qualifications in effect so long as required for the distribution of the Notes; provided that in connection therewith the Company will shall not be required to qualify as a foreign corporation to do business or to file a general consent to service of process in any such jurisdiction.
(gh) The For a period from the date of this Agreement until the retirement of the Notes (i) the Company agrees will furnish to the Representative and, upon request, to each of the other Underwriters, copies of each certificate and the annual statements of compliance delivered to the Indenture Trustee pursuant to Section 3.09 of the Indenture and Sections 3.10 and 3.11 of the Sale and Servicing Agreement and the annual independent certified public accountant's servicing reports furnished to the Trust pursuant to Section 3.12 of the Sale and Servicing Agreement, by first-class mail as soon as practicable after such statements and reports are furnished to the Indenture Trustee or the Trust, as the case may be, and (ii) such other forms of periodic certificates or reports as may be delivered to the Indenture Trustee, the Owner Trustee or the Noteholders under the Indenture, the Sale and Servicing Agreement or the other Basic Documents.
(i) So long as any Note is outstanding, the Company will furnish to the Representative by first-class mail as soon as practicable, (i) all documents distributed, or caused to be distributed, by the Company to the Noteholders, (ii) all documents filed or caused to be filed by the Company with the Commission pursuant to the Exchange Act or any order of the Commission thereunder and (iii) such other information in the possession of the Company concerning the Trust as the Representative from time to time may reasonably request.
(j) Subject to the provisions of Section 10 hereof, the Company will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of will reimburse the Indentures, including, subject to receipt of sufficiently itemized accounts Underwriters (i) the fees, disbursements if and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (viextent incurred by them) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred by them in connection with qualification of the Securities Notes for sale in jurisdictions that the Representative may designate pursuant to Section 5(f) hereof and determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate Representative reasonably designates and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including Notes, for any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees of the Underwriters and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of the Securities from Notes and for expenses incurred in distributing the Underwriters. If Prospectus (including any amendments and supplements thereto).
(k) To the sale of extent, if any, that the Securities rating provided for herein is not consummated because any condition with respect to the obligations Notes by Xxxxx'x Investors Service, Inc. ("Moody's"), or Standard & Poor's Rating Services, a division of The McGraw Hill Companies, Inc. ("S&P" and, together with Xxxxx'x, the Underwriters set forth in Section 7 hereof "Rating Agencies") is not satisfied, because this Agreement is terminated conditional upon the furnishing of documents or because the taking of any failure, refusal or inability on other action by the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith)Company, the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements shall furnish such documents and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwritertake any such other action.
(hl) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has On or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after before the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with and AHFC shall annotate and indicate unambiguously in the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by computer records of the Company and having a maturity of more than one year from AHFC relating to the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose Receivables to show the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent Trust's absolute ownership of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”)Receivables, and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters from and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to after the Closing Date neither the Company nor AHFC shall take any action inconsistent with the Trust's ownership of such Receivables, other than as permitted by the Sale and to satisfy all conditions precedent to the delivery of the SecuritiesServicing Agreement.
Appears in 1 contract
Samples: Underwriting Agreement (American Honda Receivables Corp)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish or otherwise make available to counsel for the Underwriters, one conformed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeCSFBC, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433.
(b) The During such period as, in the opinion of counsel for the Underwriters, a prospectus is required by law to be delivered in connection with sales by an Underwriter or a dealer, the Company will advise CSFBC promptly advise the Representative of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time (except in the case of Annual Reports filed on Form 10-K or Quarterly Reports filed on Form 10-Q) and will offer the Representative afford CSFBC a reasonable opportunity to comment on any such proposed amendment or supplementsupplement (except in the case of reports to be filed by the Company in the ordinary course pursuant to the Exchange Act); and and, during such period as, in the opinion of counsel for the Underwriters, a prospectus is required by law to be delivered in connection with sales by an Underwriter or a dealer, the Company will also advise the Representative CSFBC promptly of (i) the filing of any such amendment or supplement, supplement (ii) any request except in the case of reports to be filed by the Commission or its staff for any amendment Company in the ordinary course pursuant to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iiiExchange Act) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative CSFBC of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s CSFBC's consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 6 hereof.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of this Agreement, the Company will make generally available to its securityholders security holders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of this Agreement and satisfying (ii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of this Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish or make generally available to the Representative copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, and any related preliminary prospectus supplement, upon request of the Final Representative, and the Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative CSFBC reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for cooperate with the Representative in connection with the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably CSFBC designates and will continue such qualifications in effect so long as required for the distribution provided of the Offered Securities; provided, however, that the Company will shall not be required in connection therewith to qualify as a foreign corporation in any jurisdiction in which it is not now so qualified or to file a take any action that would subject it to general consent to service of process in any such jurisdiction.
(g) The or taxation other than as to matters and transactions taken by Company agrees to pay all expenses (together with VAT, where applicable) incidental as contemplated herein that relates to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.Prospectus,
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters Underwriter that:
(a) The Company has filed or will file each Statutory Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeUnderwriter, subparagraph (5), such consent not to be unreasonably withheld or delayed) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied will also prepare a final term sheet, containing solely the terms of the Offered Securities, in the form set out in Schedule B, and will comply file such term sheet pursuant to Rule 433(d) under the Act within the time required by such Rule and file promptly all other material required to be filed by the Company with the Commission pursuant to Rule 433433(d) under the Act.
(b) The Company will promptly advise the Representative Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory Prospectus at any time and will offer the Representative a reasonable opportunity to comment on not undertake any such amendment or supplementsupplement if the Underwriter reasonably objects in writing thereto; and the Company will also advise the Representative Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered (whether physically or through compliance with Rule 172 under the Act Act) in connection with sales by any the Underwriter or any dealer, any event occurs as a result of which the Final Prospectus Prospectus, as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the RepresentativeUnderwriter’s consent to, nor the Underwriters’ Underwriter’s delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 6 hereof.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of this Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of the registration statement relating to the Offered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of this Agreement and satisfying (iii) the date of the Company’s most recent Annual Report on Form 10-K filed with the Commission prior to the date of this Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Underwriter copies of the Registration Statement, Statement in the form it became effective (including all exhibits) and of all amendments thereto, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, and, so long as a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be required to be) delivered under the Act in connection with sales by the Underwriter or any dealer, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably Underwriter requests. The Prospectus shall be so furnished on or prior to 3:00 P.M., New York time, on the business day following the execution and delivery of this Agreement. All other documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters Underwriter all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably Underwriter designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Offered Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate Underwriter designates and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus preliminary prospectuses, preliminary prospectus supplements and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters Underwriter and for expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or ; provided that on the First Closing Date, the Underwriter will reimburse the Underwriters (Company for up to the extent $150,000 of expenses incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters the performance of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by under this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company For a period of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Datedate of this Agreement, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt additional shares of its common stock or securities issued convertible into or guaranteed by the Company and having a maturity exchangeable or exercisable for any shares of more than one year from the date of issue, or any options or derivatives in respect of such debt securitiesits common stock, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under Underwriter, except (i) grants of employee and director stock options or restricted stock pursuant to the credit facilities existing terms of a plan in effect on the date hereof hereof, (ii) issuances of common stock pursuant to the exercise of options, preferred stock, contingent convertible senior notes or secured financings warrants outstanding on the date of accounts receivables the initial offering of the Offered Securities, (iii) issuances of common stock in exchange for preferred stock of the Company outstanding on the date of the initial offering of the Offered Securities; (iv) the issuance of Underlying Shares upon conversion of the Offered Securities; and inventory(v) the filing of a registration statement in accordance with a registration rights agreement relating to any preferred stock or contingent convertible senior notes of the Company outstanding on the date of the initial offering of the Offered Securities.
(ji) The Company will indemnify and hold harmless cause the Underwriters against any documentary, stamp or similar issuance tax that may Underlying Shares to be imposed duly authorized for listing by the United States, Luxembourg, the United Kingdom New York Stock Exchange on or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made prior to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange First Closing Date and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on Underlying Shares remain authorized for listing following the taxation of savings incomeFirst Closing Date.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters thatUnderwriters:
(a) The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) , properly completed, with the Commission pursuant to and in accordance with Rule 424(b)(2subparagraph (2) (or, if applicable and if consented to by the Representative, subparagraph (5)) not of Rule 424(b) no later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreementused. The Company has complied and will comply with advise the Representative promptly of any such filing pursuant to Rule 433424(b).
(b) The Company shall file the final pricing information, which may be posted on a Bloomberg screen or distributed via Bloomberg, as a free writing prospectus.
(c) The Company will promptly advise the Representative promptly, in writing, of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any not effect such amendment or supplementsupplementation without the Representative's reasonable consent; and the Company will also advise the Representative promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to supplementation of the Registration Statement, for any supplement to any Statutory Statement or the Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(cd) If, at any time when a prospectus relating to the Securities Notes is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative of such event and will promptly prepare and file with the Commission and furnish(subject to the Representative's prior review pursuant to Section 5(b)), at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission omission, or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s 's consent to, nor the Underwriters’ Underwriters delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof6.
(de) As The Company will cause the Trust to make generally available to Noteholders, as soon as practicable, but not no later than June 30sixteen months after the date hereof, 2008, the Company will make generally available to its securityholders an earnings statement of the Trust covering a period of at least 12 twelve consecutive months beginning after the later of (i) the effective date of the registration statement relating to the Notes and (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of this Agreement and and, in each case, satisfying the provisions of Section 11(a) of the Act and (including Rule 158158 promulgated thereunder).
(ef) The Company will furnish to the Representative Underwriters copies of the Registration Statement, including all exhibits, any Statutory each Prospectus, the Final Prospectus Registration Statement and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requests. The Final Prospectus shall be furnished on or prior to 3:00 P.M., New York time, on the business day following the execution and delivery of this Agreement. All other such documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(fg) The Company will arrange for the qualification of the Securities Notes for offering and sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative may reasonably designates designate and will continue such qualifications in effect so long as required for the distribution of the Notes; provided that in connection therewith the Company will shall not be required to qualify as a foreign corporation to do business or to file a general consent to service of process in any such jurisdiction.
(gh) The For a period from the date of this Agreement until the retirement of the Notes, the Company agrees will furnish to the Representative and, upon request, to each of the other Underwriters, (i) copies of each certificate and the annual statements of compliance delivered to the Indenture Trustee pursuant to Section 3.09 of the Indenture and Sections 3.10 and 3.11 of the Sale and Servicing Agreement and the annual independent certified public accountant's servicing reports furnished to the Trust pursuant to Section 3.12 of the Sale and Servicing Agreement, by first-class mail as soon as practicable after such statements and reports are furnished to the Indenture Trustee or the Trust, as the case may be, and (ii) such other forms of periodic certificates or reports as may be delivered to the Indenture Trustee, the Owner Trustee or the Noteholders under the Indenture, the Sale and Servicing Agreement or the other Basic Documents.
(i) So long as any Note is outstanding, the Company will furnish to the Representative by first-class mail as soon as practicable, (i) all documents distributed, or caused to be distributed, by the Company to the Noteholders, (ii) all documents filed or caused to be filed by the Company with the Commission pursuant to the Exchange Act or any order of the Commission thereunder and (iii) such other information in the possession of the Company concerning the Trust as the Representative from time to time may reasonably request.
(j) Subject to the provisions of Section 10 hereof, the Company will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of will reimburse the Indentures, including, subject to receipt of sufficiently itemized accounts Underwriters (i) the fees, disbursements if and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (viextent incurred by them) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred by them in connection with qualification of the Securities Notes for sale in jurisdictions that the Representative may designate pursuant to Section 5(f) hereof and determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate Representative reasonably designates and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including Notes, for any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees of the Underwriters and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of the Securities from Notes and for expenses incurred in distributing the Underwriters. If Prospectus (including any amendments and supplements thereto).
(k) To the sale of extent, if any, that the Securities rating provided for herein is not consummated because any condition with respect to the obligations Notes by Xxxxx'x Investors Service, Inc. ("Moody's") or Fitch, Inc. ("Fitch") is conditional upon the furnishing of documents or the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because taking of any failure, refusal or inability on other action by the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith)Company, the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements shall furnish such documents and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwritertake any such other action.
(hl) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has On or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after before the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with and AHFC shall annotate and indicate unambiguously in the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by computer records of the Company and having a maturity of more than one year from AHFC relating to the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose Receivables to show the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent Trust's absolute ownership of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”)Receivables, and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters from and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to after the Closing Date neither the Company nor AHFC shall take any action inconsistent with the Trust's ownership of such Receivables, other than as permitted by the Sale and to satisfy all conditions precedent to the delivery of the SecuritiesServicing Agreement.
Appears in 1 contract
Samples: Underwriting Agreement (Honda Auto Receivables 2007-2 Owner Trust)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel to the Underwriters one signed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeCSFBC, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will advise CSFBC promptly advise the Representative of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer the Representative afford CSFBC a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative CSFBC promptly of (i) the filing effectiveness of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the a Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Securities Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, Securities Act and the Company will promptly notify the Representative CSFBC of such event and will promptly prepare and file with the Commission and furnishCommission, at its their own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s CSFBC's consent to, nor the Underwriters’ ' delivery to offerees or investors of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders their security holders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of this Agreement the registration statement relating to the Registered Securities; (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement; and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative copies of the each Registration Statement, including Statement (three of which will be signed and will include all exhibits), any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as CSFBC requests, so long as a prospectus relating to the Representative reasonably requestsOffered Securities is required to be delivered under the Securities Act in connection with sales by any Underwriter or dealer. The Prospectus shall be so furnished on or prior to 3:00 P.M., New York time, on the business day following the later of the execution and delivery of each Term Agreement. All other documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably CSFBC designates and will continue such qualifications in effect so long as required for the distribution distribution, provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictionstate.
(g) During the period of five years after the date of any Terms Agreement, the Company will furnish to CSFBC and, upon request, to each of the other Underwriters, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to the CSFBC and, upon request, to each of the other Underwriters (i) as soon as available, a copy of each report and any definitive proxy statement of the Company filed with the Commission under the Exchange Act or mailed to stockholders, and (ii) from time to time, such other information concerning the Company as CSFBC may reasonably request.
(h) During the period of two years after the later of the Closing Date and the last Optional Closing Date, the Company will not be or become an "investment company" as defined in the Investment Company Act of 1940.
(i) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of including this Agreement), the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Registered Securities for sale and any determination of their eligibility for investment, under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate CSFBC designates and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Offered Securities; and (x) expenses incurred in distributing , for the Preliminary Prospectus filing fee incident to, and the Final Prospectus (including any amendments reasonable fees and supplements thereto) disbursements of counsel to the Underwriters in connection with, the review by the National Association of Securities Dealers, Inc. of the Registered Securities and expenses incurred related securities, for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s 's officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of the Registered Securities from and for expenses incurred in distributing the Prospectus, any preliminary prospectuses, any preliminary prospectus supplements or any other amendments or supplements to the Prospectus to the Underwriters. If The Company will reimburse the sale of the Securities provided Underwriters for herein is not consummated because any condition to the obligations all travel expenses of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because and any other expenses of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale attending or hosting meetings with prospective purchasers of the Registered Securities. The Company shall not be liable to .
(j) For a period of 90 days after the Underwriters for loss date of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each any public offering of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoingOffered Securities, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offeringnot, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not permit its Subsidiaries to, offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act (other than one or more registration statements (x) on Form S-3 relating to, solely to the registration of shares issuable upon the sale of transferred employee stock options or (y) on Form S-8) relating to (A) any United States dollar-denominated debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issueissue (if the Offered Securities are Debt Securities), (B) any preferred securities, any preferred stock or any other securities of a trust (if the Offered Securities are Preferred Stock), (C) any Preferred Stock or any other security of the Company that is substantially similar to the Offered Securities (if the Offered Securities are Preferred Stock), (D) any shares of common stock of the Company other than shares of common stock issuable upon conversion of the Offered Securities (if the Offered Securities are Common Stock or Preferred Stock) or (E) any other securities which are convertible into, or exchangeable or exercisable for, any options of (A) (if the Offered Securities are Debt Securities), (B) or derivatives in respect of such debt securities(C) (if the Offered Securities are Preferred Stock), or (D) (if the Offered Securities are Common Stock or Preferred Stock, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of CSFBC except (i) grants of employee stock options pursuant to the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing terms of a plan in effect on the date hereof or secured financings hereof, (ii) issuances of accounts receivables and inventory.
Company Common Stock pursuant to the exercise of such options, (jiii) The Company will indemnify and hold harmless the Underwriters against exercise of any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters other employee stock options outstanding on the creationdate hereof, (iv) the issuance and sale of the Securities and on the execution and delivery of securities pursuant to this Agreement. All payments to be made by the Company hereunder shall be made without withholding Underwriting Agreement simultaneously with or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made subsequent to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market offering of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Offered Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters that:
(a) The Company has filed or will file each Statutory the Prospectus (including Supplement with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeRepresentatives, subparagraph (5), such consent not to be unreasonably withheld or delayed) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply also file promptly all material required to be filed by the Company with the Commission pursuant to Rule 433433(d) under the Act.
(b) The Company will promptly advise the Representative Representatives promptly of any proposal to amend or supplement the Registration Statement Statement, Pre-Pricing Prospectus, the Prospectus or any Statutory Permitted Free Writing Prospectus at any time and will offer the Representative a reasonable opportunity to comment on not undertake any such amendment or supplementsupplement if the Representatives reasonably object in writing thereto; and the Company will also advise the Representative Representatives promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered (whether physically or through compliance with Rule 172 under the Act Act) in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Pre-Pricing Prospectus, the Prospectus or any Permitted Free Writing Prospectus, as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement Statement, the Pre-Pricing Prospectus, the Prospectus or supplement the Final any Permitted Free Writing Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Representatives of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Representatives’ consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 6 hereof.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of this Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of the registration statement relating to the Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of this Agreement and satisfying (iii) the date of the Company’s most recent Annual Report on Form 10-K filed with the Commission prior to the date of this Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Representatives copies of the Registration Statement, Statement in the form it became effective (including all exhibits) and of all amendments thereto, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, and, so long as a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be required to be) delivered under the Act in connection with sales by any Underwriter or dealer, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requestsRepresentatives request. The Prospectus shall be so furnished on or prior to 3:00 pm, New York time, on the business day following the execution and delivery of this Agreement. All other documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates Representatives designate and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Offered Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Representatives designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus preliminary prospectuses, preliminary prospectus supplements and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and for expenses incurred for preparing, printing and distributing any Issuer Permitted Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse ; provided that on the First Closing Date, the Underwriters (acting collectively) will reimburse the Company for up to the extent $150,000 of expenses incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters the performance of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by under this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company For a period of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Datedate of this Agreement, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt additional shares of its Securities or securities issued convertible into or guaranteed by the Company and having a maturity exchangeable or exercisable for any shares of more than one year from the date of issue, or any options or derivatives in respect of such debt securitiesits Securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of UBS Securities LLC (“UBS”) except (i) grants of employee and director stock options or restricted stock pursuant to the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing terms of a plan in effect on the date hereof hereof, (ii) issuances of Common Stock pursuant to the exercise of options, preferred stock, contingent convertible senior notes or secured financings warrants outstanding on the date of accounts receivables the initial offering of the Offered Securities, (iii) issuances of Common Stock in exchange for preferred stock of the Company outstanding on the date of the initial offering of the Offered Securities and inventory(iv) the filing of a registration statement in accordance with a registration rights agreement relating to any preferred stock or contingent convertible senior notes of the Company outstanding on the date of the initial offering of the Offered Securities.
(i) The Company will comply with Rule 433(g) under the Act.
(j) The Company will indemnify and hold harmless pay the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by fees applicable to the United States, Luxembourg, Registration Statement in connection with the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale offering of the Offered Securities within the time required by Rule 456 under the Act (without reliance on subsection (b)(1)(i) thereof) and on in compliance with Rule 457(r) under the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the CompanyAct.
(k) The Company will use its reasonable best efforts to have not, at any time at or after the Securities admitted to trading on execution of this Agreement without the Euro MTF Market consent of the Luxembourg Stock Exchange and will maintain such listing as long as Representatives, offer or sell any Offered Securities by means of any “prospectus” (within the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing meaning of the Securities on another recognized stock exchange.
Act), or use any “prospectus” (l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division within the meaning of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”Act) to provide and/or confirm their respective credit ratings in connection with the offer or sale of the Offered Securities, in each case other than the Prospectus.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters Underwriter that:
(a) The Company has filed or will file each Statutory the Prospectus (including Supplement with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeUnderwriter, subparagraph (5)) thereof) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433.
(b) The So long as a prospectus relating to the Securities is required to be delivered under the Securities Act in connection with sales of the Securities by the Underwriter or any dealer, the Company will promptly advise the Representative Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Underwriter a reasonable opportunity to comment on any such proposed amendment or supplementsupplement thereto; and the Company will also advise the Representative Underwriter promptly of (i) the filing effectiveness of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the a Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereof.
(c) its lifting, if issued. If, at any time when a prospectus relating to the Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Securities Act in connection with sales of the Securities by any the Underwriter or any dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Securities Act, the Company promptly will promptly notify the Representative Underwriter of such event and promptly will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Underwriter's consent to, nor the Underwriters’ Underwriter's delivery to offerees or investors of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof5.
(d) As soon as practicable, but not later than June 30, 2008, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement and satisfying the provisions of Section 11(a) of the Act and Rule 158.
(ec) The Company will furnish to the Representative Underwriter copies of the Registration Statement, including Statement (two of which will be signed and will include all exhibits), any Statutory related Preliminary Prospectus, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably Underwriter requests, so long as a prospectus relating to the Securities is required to be delivered under the Securities Act in connection with sales of the Securities by the Underwriter or any dealer. The Prospectus shall be so furnished on or prior to 3:00 P.M., New York time, on the business day following the date of this Agreement. All other documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters Underwriter all such documents.
(fd) The Company will arrange for the qualification of the Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably Underwriter designates and will continue such qualifications in effect so long as required for the distribution of the Securities, provided that the Company will not be required (i) to qualify as a foreign corporation or corporation, (ii) to file a general consent to service of process in any such jurisdictionstate or (iii) to take any action that would subject itself to taxation in any jurisdiction if it is not otherwise so subject.
(e) During the period of two years hereafter, the Company will furnish to the Underwriter as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to the Underwriter (i) as soon as available, a copy of each such report and any definitive proxy statement of the Company filed with the Commission under the Exchange Act or mailed to stockholders, and (ii) from time to time, such other information concerning the business and financial condition of the Company as the Underwriter may reasonably request.
(f) During the period of two years after the Closing Date, the Company will not be or become an open-end investment company or unit investment trust or face amount certificate company that is or is required to be registered under Section 8 of the Investment Company Act.
(g) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of the IndenturesAgreement, including, subject to receipt of sufficiently itemized accounts including (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement and the Share Lending Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus Securities and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viiiii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate Underwriter designates and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (xiii) expenses incurred in distributing the Preliminary Prospectus and the Final Preliminary Prospectus (including any amendments and supplements thereto) to the Underwriters Underwriter; (iv) the cost of registering and qualifying the Securities for trading on The New York Stock Exchange or other applicable exchange; and (v) all other costs and expenses incurred incident to the performance of its obligations hereunder which are not otherwise specifically provided for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investorsin this Section 4. The Company agrees to pay or will reimburse the Underwriters (to the extent incurred by them) Underwriter for all reasonable travel expenses of the Underwriters Underwriter and the Company’s 's officers and employees and any other reasonable expenses of the Underwriters Underwriter and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale purchasers of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters Underwriter shall have notified the Company of the completion of the resale distribution of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the SecuritiesSecurities or the Company's common stock.
(i) After As soon as practicable, but not later than 16 months, after the date hereof, the Company will make generally available to their security holders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of the Registration Statement relating to the Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date hereof, and (iii) the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge Company's most recent Annual Report on Form 10-K (or otherwise dispose of, directly or indirectly, or file Form 10-K/A) filed with the Commission a registration statement under the Securities Act relating toprior to date hereof, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company which will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since satisfy the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(oSection 11(a) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the SecuritiesAct.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with each of the several Underwriters thatUnderwriters:
(ai) The Company has filed or will To file each Statutory such Prospectus (including the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2424(b) (or, if applicable and consented to by under the Representative, subparagraph (5)) Act not later than the Commission's close of business on the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with , or, if applicable, such earlier time as may be required by Rule 433.
(b430A(a)(3) The Company will promptly advise under the Representative of Act; to make no further amendment or any proposal supplement to amend or supplement the Registration Statement or any Statutory Prospectus at any time and will offer the Representative a which shall be reasonably disapproved by you promptly after reasonable opportunity notice thereof; to comment on any such amendment or supplement; and advise you, promptly after the Company will also advise receives notice thereof, of the Representative promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for time when any amendment to the Registration Statement, for Statement has been filed or becomes effective or any supplement to any Statutory the Prospectus or for any additional informationamended Prospectus has been filed and to furnish you copies thereof; to advise you, (iii) promptly after the institution Company receives notice thereof, of the issuance by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) order preventing or suspending the receipt by the Company use of any notification with respect to Preliminary Prospectus or Prospectus, of the suspension of the qualification of the Securities Shares for offering or sale in any jurisdiction or jurisdiction, of the institution initiation or threatening of any proceedings proceeding for any such purpose. The Company will use its reasonable best efforts to prevent , or of any request by the Commission for the amending or supplementing of the Registration Statement or Prospectus or for additional information; and, in the event of the issuance of any such stop order or the suspension of any order preventing or suspending the use of any Preliminary Prospectus or Prospectus or suspending any such qualification andqualification, if issued, promptly to use its best efforts to obtain as soon as possible the withdrawal thereof.of such order;
(cii) If, at any time when a prospectus relating to the Securities Shares is (or but for the exemption in Rule 172 would be) required to be delivered under the Act at any time prior to the expiration of nine months after the time of issue of the Prospectus, in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were mademade when such prospectus is delivered, not misleading, or if for any other reason it is necessary at any time during such same period to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will to promptly notify the Representative of such event and will promptly promptly, upon the mutual agreement of you and the Company, prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof.;
(diii) As soon as practicable, but not later than June 30, 2008, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement and satisfying the provisions of Section 11(a) of the Act and Rule 158.
(e) The Company will To furnish to the Representative you as many copies of the Registration StatementStatement as originally filed and of all amendments thereto, including whether filed before or after the Registration Statement becomes effective, copies of all exhibits and documents filed therewith and signed copies of all consents and certificates of experts, as you may reasonably request; to furnish to you, for each other Underwriter, one conformed copy of the Registration Statement as originally filed and each amendment thereto (without exhibits, any Statutory ); and to deliver to each Underwriter each related Preliminary Prospectus, and, so long as delivery of a prospectus relating to the Final Shares is required to be delivered under the Act in connection with sales by any Underwriter or dealer, the Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requests. The ; the Prospectus shall be so furnished, to the extent practicable, on or prior to [ ] p.m., London time, on the business day following the later of the execution and delivery of this Agreement or the effective time of the Registration Statement and all other such documents shall be so furnished as soon as available; and the Company will pay the expenses of printing and distributing to the Underwriters all such documents.;
(fiv) The Company will arrange Promptly from time to time to take such action as you may reasonably request to qualify the Shares for the qualification of the Securities for offering and sale and the determination of their eligibility for investment under the securities laws of such U.S. jurisdictions as you may request and to comply with such laws so as to permit the Representative reasonably designates continuance of sales and will continue dealings therein in such qualifications in effect so U.S. jurisdictions for as long as required for may be necessary to complete the distribution of the Shares, provided that in connection therewith the Company will shall not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction.;
(gv) The To make generally available to its stockholders as soon as practicable, but in any event not later than eighteen months after the effective date of the Registration Statement (as defined in Rule 158(c) under the Act), an earnings statement of the Company agrees and its Subsidiaries (which need not be audited) complying with Section 11(a) of the Act and the Rules and Regulations;
(vi) During the period of five years hereafter, to pay all expenses (together with VAT, where applicable) incidental furnish to the performance of its obligations under this Agreement and Representative and, upon request, to each of the Indenturesother Underwriters, includingas soon as practicable after the end of each fiscal year, subject a copy of its annual report to receipt stockholders for such year and (A) as soon as available, a copy of sufficiently itemized accounts (i) the fees, disbursements and expenses each report of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection Company filed with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing Commission under the Securities and qualifying Exchange Act of 1934, as amended (the Securities for trading on the Euro MTF Market of the Luxembourg Stock "Exchange and any expenses incidental theretoAct"), including those of the Luxembourg listing agent; or mailed to stockholders;
(vii) To use the cost of any advertising approved net proceeds received by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities it from the Underwriters. If the sale of the Securities provided for herein is not consummated because Shares pursuant to this Agreement in the manner specified in the Prospectus under the caption "Use of Proceeds" and will submit to you, after receipt from you of any condition necessary information as to the obligations Underwriters' activities, at least five days prior to filing, the proposed form of any report on Form SR under Rule 463 of the Underwriters set forth in Section 7 hereof is Rules and Regulations and will not satisfied, because this Agreement is terminated or because of file any failure, refusal or inability on such report to which you may reasonably object;
(viii) During the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits period beginning from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of date hereof and continuing to and including the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After date 180 days after the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing DateProspectus, the Company will not to, directly or indirectly, offer, sell, contract to sell, pledge sell or otherwise dispose of, directly except as provided under or indirectlydescribed in this Agreement or the Prospectus, any Shares or other shares of Common Stock of the Company, including but not limited to any securities that are convertible into or exchangeable for, or file with that represent the Commission a registration statement under the Securities Act relating to, right to receive any debt securities issued Shares or guaranteed by the Company and having a maturity such other shares of more than one year from the date of issue, Common Stock or any options or derivatives in respect of such debt other substantially similar securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall ;
(ix) Not to (and to cause its Subsidiaries and affiliates not prohibit borrowings to) take, directly or indirectly, any action which is designed to or which constitutes or which might reasonably be expected to cause or result in the stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of the Shares;
(x) To file with the Commission such reports on Form SR as may be required by Rule 463 under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.Act;
(jxi) The To take all such actions as are necessary to assure that the Company will indemnify is not an "investment company" (as defined in the Investment Company Act) subsequent to the last Closing Date;
(xii) To file with Nasdaq all documents and hold harmless notices required by Nasdaq of companies that have issued securities that are traded in the Underwriters against any documentaryover-the-counter market and quotations for which are reported by Nasdaq; and
(xiii) For a period of five years after the Closing Date, stamp to furnish to you and, upon request, to each Underwriter, copies of all annual reports, quarterly reports and current reports filed with the Commission on Forms 10-K, 10-Q and 8-K, or such other similar issuance tax that forms as may be imposed designated by the United StatesCommission, Luxembourgand such other documents, the United Kingdom or the Republic of France, including any interest reports and penalties, that may information as shall be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made furnished by the Company hereunder shall be made without withholding to its stockholders or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Companysecurity holders generally.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters Purchasers that it will furnish to the Purchasers and counsel for the Purchasers, without charge, one signed copy of the registration statement relating to the Securities, including all exhibits, in the form it became effective and of all amendments thereto and that:
(a) The Company has filed or will file each Statutory Prospectus During the time when a prospectus relating to the Securities is required to be delivered under the Act, (including i) the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and consented to by the Representative, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Purchasers promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer will, except in the Representative case of a supplement relating only to sales of the Securities by certain selling stockholders, afford the Purchasers a reasonable opportunity to comment on any such proposed amendment or supplement; and , (ii) the Company will also advise the Representative Purchasers promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment supplement and will provide evidence satisfactory to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional informationPurchasers of such filing, (iii) the Company will advise the Purchasers promptly of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purposepart thereof and will use its best efforts to prevent the issuance of any such stop order and to obtain as soon as possible its lifting, if issued and (iv) the Company will advise the Purchasers promptly of the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities for sale in any jurisdiction or the institution initiation or threatening of any proceedings proceeding for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, to obtain as soon as possible the withdrawal thereof.
(cb) If, at any time when a prospectus relating to the Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act by any Underwriter or dealerAct, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, therein in the light of the circumstances under which they were made, made not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative of such event and will promptly prepare and file with the Commission and furnish, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Purchasers' consent to, to nor the Underwriters’ Purchasers' delivery of, of any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof6.
(dc) As soon as practicable, but not later than June 30, 2008, the The Company will make generally available to its securityholders an earnings statement covering a period of at least 12 security holders as soon as practicable, but in any event not later than eighteen months beginning after the effective date of this Agreement the Registration Statement (as defined in Rule 158(c) under the Act), an earning statement of the Company and satisfying the provisions of its subsidiaries (which need not be audited) complying with Section 11(a) of the Act and the Rules and Regulations (including, at the option of the Company, Rule 158158 under the Act).
(ed) The Company will furnish to the Representative Purchasers, without charge, copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated prospectus relating to the Securities, any related prospectus supplement and, during the Final Prospectus and time when a prospectus relating to the Securities is required to be delivered under the Act, all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative are reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documentsrequested.
(fe) The Company will arrange for the qualification of the Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative Purchasers reasonably designates designate and will continue such qualifications in effect so long as required for the distribution provided of the Securities; provided, however, that in no event shall the Company will not be required to qualify as a foreign corporation or as a dealer in securities or to file a take any action that would subject it to general consent to or unlimited service of process in any such jurisdiction.
(gf) The Company agrees will pay or cause to pay all expenses (together with VAT, where applicable) incidental to be paid the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts following: (i) the fees, disbursements and expenses of the Company’s legal advisors's counsel and accountants in connection with the registration of the Securities under the Act and all other expenses in connection with the preparation, printing and filing of the Registration Statement, the Prospectus and amendments and supplements thereto and the mailing and delivering of copies thereof to the Purchasers and dealers in such quantities as are agreed herein; (ii) the feescost of printing any Agreement among Purchasers, disbursements this Agreement, any Blue Sky Memorandum and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses other documents in connection with the executionoffering, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offerpurchase, sale and delivery of the Securities; (viiii) all expenses in connection with the qualification of the Securities for offering and sale under state securities laws as provided in Section 5(f), including the reasonable fees and disbursements of counsel for the Purchasers in connection with such qualification and in connection with the Blue Sky survey; (iv) the cost of listing preparing the Securities; (v) the fees and expenses in connection with the listing, if any, of the Securities or any Common Stock issuable upon conversion of Redeemable Securities; (vi) the fees and qualifying the Securities for trading on the Euro MTF Market expenses of the Luxembourg any transfer agent relating to any Common Stock Exchange and or any expenses incidental thereto, including those of the Luxembourg listing agentConvertible Preferred Stock; (vii) the fees and expenses of the Depositary relating to any Redeemable Securities; (viii) the cost of preparing, printing and distributing the Notice of Redemption and related documents; (ix) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viiipursuant to Section 5(g) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) all other costs and expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) incident to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses performance of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand which are not otherwise specifically provided for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstandingSection; provided, however, that if the Company can no longer maintain such listingthat, except as provided in this Section, Section 7 and Section 10 hereof, the Company Purchasers will use pay all reasonable commercial efforts to obtain of their own costs and maintain expenses, including the listing fees of their counsel, and transfer taxes on resale of any of the Securities on another recognized stock exchangeby them.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(mg) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities mail or cause to be eligible for clearance and settlement through DTC, including preparation and filing with DTC mailed not later than the business day following the date of a Letter execution hereof the Notice of Representations signed Redemption by first class mail to the registered holders of the Redeemable Securities as of the close of business on the record date selected by the Company.
(n) The Company undertakes thatDepositary, since which mailing will conform to the provisions requirements of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that Certificate of Designations of the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on creating the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.Convertible
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters, if available, one signed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeLead Underwriter, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Lead Underwriter's consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of this the registration statement relating to the Registered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative copies Representatives one copy each of the Registration Statement, including all exhibits, one copy each of any Statutory Prospectusrelated preliminary prospectus, if available, and copies of any related preliminary prospectus supplement related to the Offered Securities, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Lead Underwriter reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions of the United States as the Representative reasonably Lead Underwriter designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) During the period of five years after the date of any Terms Agreement, the Company will furnish to the Representatives and, upon request, to each of the other Underwriters, if any, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to the Representatives (i) as soon as available, a copy of each report and any definitive proxy statement of the Company filed with the Commission under the Exchange Act or mailed to stockholders, and (ii) from time to time, such other information concerning the Company as the Lead Underwriter may reasonably request.
(h) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto), including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) but not limited to any filing fees and or other expenses (including reasonable legal fees and disbursements of counsel) incurred in connection with qualification or exemption of the Registered Securities for sale under the securities and real estate syndication laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Lead Underwriter may designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Offered Securities; , for any applicable filing fee and (x) expense incident to, any review by the National Association of Securities Dealers, Inc. of the Registered Securities, for all expenses incurred in distributing incident to the Preliminary Prospectus registration of the Offered Securities and the Final Prospectus (including printing and the wordprocessing of copies of the Registration Statement, any amendments prospectus and supplements thereto) to this Agreement, for the Underwriters fees and expenses incurred of the Trustee, including if required the fees and disbursements of counsel for preparingthe Trustee in connection with the Indenture and the Offered Securities, printing for the fees and distributing expenses of any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse depositary in connection with holding the Underwriters (to the extent incurred by them) Offered Securities in book-entry form, for all reasonable any travel expenses of the Underwriters and the Company’s 's officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of Registered Securities and for expenses incurred in distributing the Securities from Prospectus, any preliminary prospectus supplements or any other amendments or supplements to the Prospectus to the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the The Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any United States dollar-denominated debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, issue without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under Lead Underwriter for a period beginning at the credit facilities existing time of execution of the Terms Agreement and ending on the date hereof or secured financings of accounts receivables and inventoryspecified under "Blackout" in the Terms Agreement.
(j) The Company will indemnify and hold harmless use the Underwriters against any documentary, stamp or similar issuance tax that may be imposed net proceeds received by it from the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Offered Securities and on sold by it in the execution and delivery manner specified in the Prospectus Supplement under "Use of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the CompanyProceeds".
(k) The Company will use its reasonable best efforts to have continue to meet the Securities admitted requirements to trading on qualify as a "real estate investment trust" under the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchangeCode.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters, one signed copy (which may be a conformed copy delivered electronically) of the Registration Statement, including all exhibits, in the form it first became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and consented to by the RepresentativeLead Underwriter, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery date of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The For so long as Offered Securities remain unsold by the Underwriters, the Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory Prospectus at any time and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on for review and comment, which shall in any case not be longer than three business days, and the Company shall not file any such proposed amendment or supplement; supplement to which the Representatives reasonably object (unless in the judgment of counsel, the Company is required to file the same (without the need for reliance on Rule 12b-25 under the Exchange Act)), and the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 under the Act would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The , provided, however, that the Company will advise shall not bear the Underwriters promptly expense of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus preparation and will not effect filing of such amendment or supplementation without supplement after nine months of the Underwriters’ consentdate of the applicable Terms Agreement. Neither the RepresentativeLead Underwriter’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 6 hereof.
(d) As soon as practicable, but not later than June 30, 2008, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement and satisfying the provisions of Section 11(a) of the Act and Rule 158.
(e) The Company will furnish to the Representative Representatives, upon request, copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Representatives may reasonably requestsrequest. The Company will pay the expenses of printing and distributing to the Underwriters Representatives all such documents.
(fe) The Company will arrange shall cooperate with the Representatives and counsel for the qualification of Underwriters to qualify or register the Offered Securities for sale and under (or obtain exemptions from the determination of their eligibility for investment under application of) the state securities or Blue Sky laws of those jurisdictions designated by the Representatives, shall comply with such jurisdictions as the Representative reasonably designates laws and will shall continue such qualifications qualifications, registrations and exemptions in effect so long as reasonably required for the distribution provided that of the Offered Securities. The Company will shall not be required to qualify as a foreign corporation to do business in any such jurisdiction where it is not presently so qualified or to file a take any action that would subject it to general consent to service of process in any such jurisdictionjurisdiction where it is not presently so subject. The Company will advise the Representatives promptly of the suspension of the qualification or registration of (or any such exemption relating to) the Offered Securities for offering, sale or trading in any jurisdiction or any initiation or threat of any proceeding for any such purpose, and in the event of the issuance of any order suspending such qualification, registration or exemption, the Company shall use its best efforts to obtain the withdrawal thereof at the earliest possible moment.
(f) As soon as practicable, but not later than 16 months after the date of each Terms Agreement, the Company will make generally available to its security holders and to the Representatives an earnings statement covering a period of at least 12 months beginning of the date of such Terms Agreement (which need not be audited) that satisfies the provisions of Section 11(a) of the Act.
(g) The Company agrees will not offer, sell, contract to pay all expenses (together with VATsell, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indenturespledge or otherwise dispose of, includingdirectly or indirectly, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection file with the execution, issue, authentication, packaging and initial delivery of Commission a registration statement under the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document Act relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved United States dollar-denominated debt securities issued or guaranteed by the Company in connection with and having a maturity of more than one year from the issue date of issue, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Securities; (viii) any filing fees and other expenses (including fees and disbursements Lead Underwriter for a period beginning at the time of counsel) incurred in connection with qualification execution of the Securities for sale under the laws of such jurisdictions in Europe, the United States Terms Agreement and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability ending on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent UnderwriterClosing Date.
(h) The Company will take such steps as shall be necessary to ensure that it will not be or become an “investment company” as defined in the Investment Company Act of 1940.
(i) In connection with the offering, until the Underwriters Representatives shall have notified the Company and the other Underwriters of the completion of the resale distribution of the Offered Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest in any Offered Securities or attempt to induce any person to purchase any Offered Securities; and neither they the Company nor any of their its affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Offered Securities.
(i) After the date . The Representatives, on behalf of the initial offering of several Underwriters, may, in their sole discretion, waive in writing the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed performance by the Company and having a maturity of any one or more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under foregoing covenants or extend the credit facilities existing on the date hereof or secured financings of accounts receivables and inventorytime for their performance.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Terms Agreement (Bottling Group LLC)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters, one signed copy of the Registration Statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeLead Underwriter, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative of any proposal to amend Before amending or supplement supplementing the Registration Statement or any Statutory Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any such amendment or supplement; and Prospectus, the Company will also advise furnish the Representative promptly Lead Underwriter a copy of (i) the filing of any such proposed amendment or supplement, (ii) and will incorporate any request by reasonable comments that the Commission or its staff for Lead Underwriter may have. The Company will advise the Lead Underwriter of any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, to obtain as soon as possible the withdrawal part thereof.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof.
(d) As soon as practicable, but not later than June 30, 2008, practicable the Company will make generally available to its securityholders an earnings earning statement covering a period of at least 12 months beginning after the date of this Agreement and satisfying hereof which will satisfy the provisions of Section 11(a) of the Act and Rule 158the Rules and Regulations.
(e) The Company will furnish to the Representative Representatives, without cost, copies of the Registration Statement, including all exhibits, any Statutory related Preliminary Prospectus, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Lead Underwriter reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for endeavor to qualify the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative Lead Underwriter reasonably designates requests and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement), the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and or other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Registered Securities for sale under the laws of such jurisdictions in Europesale, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Offered Securities (if they are debt securities/first mortgage bonds or preferred stock), for any applicable filing fee incident to, the review by the National Association of Securities Dealers, Inc. of the Registered Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including , for any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of Registered Securities and for expenses incurred in distributing the Securities from Prospectus, any Preliminary Prospectuses or any other amendments or supplements to the Prospectus to the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with If the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has Offered Securities are debt securities/first mortgage bonds or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Datepreferred stock, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any to United States dollar-denominated debt securities securities/first mortgage bonds issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, issue (if the Offered Securities are debt securities/first mortgage bonds) or any options or derivatives in respect series of such debt securities, or publicly disclose preferred stock issued (if the intention to make any such offer, sale, pledge, disposition or filingOffered Securities are preferred stock), without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings Lead Underwriter for a period beginning at the time of execution of the Terms Agreement and ending the number of days after the Closing Date specified under “Blackout” in the credit facilities existing on the date hereof or secured financings of accounts receivables and inventoryTerms Agreement.
(ji) The Company will indemnify and hold harmless If the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Offered Securities are outstanding; providedCommon Stock or are convertible, however, that if the Company can no longer maintain such listingexchangeable or exercisable into Common Stock, the Company will use all reasonable commercial efforts not offer, sell, contract to obtain and maintain sell, pledge or otherwise dispose of, directly or indirectly, or file with the listing Commission a registration statement under the Act relating to, any additional shares of its Common Stock or securities convertible into or exchangeable or exercisable for any shares of its Common Stock, without the prior written consent of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, Lead Underwriter for a division period beginning at the time of execution of the McGraw Hill, Inc. (“S&P”), Terms Agreement and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings ending the number of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to days after the Closing Date and to satisfy all conditions precedent specified under “Blackout” in the Terms Agreement, except grants of employee stock options pursuant to the delivery terms of a plan in effect on the date of the SecuritiesTerms Agreement, issuances of Common Stock pursuant to the exercise of such options or the exercise of any other employee stock options outstanding on the date of the Terms Agreement.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters that:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and consented to by the Representative, subparagraph (5)2) of Rule 424(b) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement) (or, if applicable, subparagraph (5)) and will file any Free Writing Prospectus pursuant to and in accordance with Rule 433 within the required time period. The Company has complied and will comply with advise the Representatives promptly of any such filing pursuant to Rule 424(b) or Rule 433.
(b) The Company will promptly advise the Representative Representatives promptly of any proposal to amend or supplement the Registration Statement Statement, Time of Sale Information or any Statutory the Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any not effect such amendment or supplementsupplement without the Representatives’ consent (such consent not to be unreasonably withheld); and the Company will also advise the Representative Representatives promptly of (i) the filing effectiveness of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to supplement of the Registration Statement, for any supplement to any Statutory Time of Sale Information or the Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement Statement, as it may be amended or supplemented, proceeding under Section 8A of the threatening Act, or of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect notice of objection of the Commission to the suspension use of the qualification of Registration Statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company Act, and will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, objection and to obtain as soon as possible the withdrawal thereofits lifting or withdrawal, if issued.
(c) Before preparing, using, authorizing, approving, referring to or filing any Issuer Free Writing Prospectus, and before filing any amendment or supplement to the Registration Statement or the Prospectus, whether before or after the time that the Registration Statement becomes effective, the Company will furnish to the Representatives and counsel for the Underwriters a copy of the proposed Issuer Free Writing Prospectus, amendment or supplement for review and will not prepare, use, authorize, approve, refer to or file any such Issuer Free Writing Prospectus or file any such proposed amendment or supplement to which the Representatives reasonably object.
(d) If, at any time when a prospectus relating to the Securities is required to be (or but for the exemption in Rule 172 would be required to be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Time of Sale Information, Prospectus or any Free Writing Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement Time of Sale Information, Prospectus or supplement the Final any Free Writing Prospectus to comply with the Act, the Company will promptly notify the Representative Representatives of such event and will promptly prepare and file with the Commission and furnishCommission, at its the Company’s own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which that will correct such statement or omission or an amendment which that will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Representatives’ consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof.
(de) As soon as practicable, but not later than June 30, 2008the Availability Date (as defined below), the Company will make generally available to its securityholders an earnings statement (which need not be audited) covering a period of at least 12 months beginning after the date of this Agreement and satisfying Effective Date that will satisfy the provisions of Section 11(a) of the Act and Rule 158Act. For the purpose of the preceding sentence, “Availability Date” means the 40th day after the end of the fourth fiscal quarter following the fiscal quarter that includes such Effective Date, except that, if such fourth fiscal quarter is the last quarter of the Company’s fiscal year, “Availability Date” means the 60th day after the end of such fourth fiscal quarter.
(ef) The Company will furnish to the Representative Representatives copies of the Registration Statement, including Statement (two of which will be signed and will include all exhibits), any Statutory each related Preliminary Prospectus, and, so long as a prospectus relating to the Final Securities is required to be delivered under the Act in connection with sales by any Underwriter or dealer, the Prospectus and all amendments and supplements to such documentsdocuments and each Free Writing Prospectus, in each case as soon as available and in such quantities as the Representative Representatives reasonably requestsrequest. The Prospectus shall be so furnished as soon as practicable but in no event later than the second business day following the execution and delivery of this Agreement. All other documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(fg) The Company will arrange for cooperate with the Underwriters and counsel to the Underwriters in connection with the qualification of the Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates Representatives designate and will continue such qualifications in effect so long as required for the distribution provided distribution; provided, however, that the Company will shall not be required in connection therewith to qualify as a foreign corporation in any jurisdiction in which it is not now so qualified or to file a take any action that would subject it to general consent to service of process or taxation other than as to matters and transactions relating to the Registration Statement and the Prospectus, in any such jurisdictionjurisdiction in which it is not now so subject.
(gh) So long as any Securities remain outstanding, the Company will furnish to the Representatives and, upon request, to each of the other Underwriters, if any, as soon as practicable after the end of each fiscal year, a copy of the annual report to stockholders for such year; and so long as any Securities remain outstanding, the Company will furnish to the Representatives (i) during any period in which the Company is not subject to Section 13 or 15(d) of the 1934 Act, as soon as practicable, a copy of each report and any definitive proxy statement of the Company filed with the Commission under the 1934 Act or mailed to stockholders, and (ii) from time to time, such other information concerning the Company as the Representatives may reasonably request.
(i) The Company agrees will pay or cause to pay be paid all expenses (together with VAT, where applicable) incidental incident to the performance of its the obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of Company under this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counselcounsel to the Company) incurred in connection with qualification of the Securities for sale under the securities or blue sky laws of such jurisdictions in Europethe various states, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition in distributing the Prospectus, any Free Writing Prospectus and any Time of Sale Information (including any amendments and supplements thereto) to the foregoing, the Company will also pay the expenses of the Qualified Independent UnderwriterUnderwriters.
(hj) In connection with The Company will not, without the offering, until the Underwriters shall have notified the Company prior written consent of the completion of the resale of the SecuritiesRepresentatives, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge pledge, or otherwise dispose of, (or enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by the Company or any affiliate of the Company or any person in privity with the Company or any affiliate of the Company) directly or indirectly, including the filing (or file participation in the filing) of a registration statement with the Commission in respect of, or establish or increase a registration statement under put equivalent position or liquidate or decrease a call equivalent position within the Securities Act relating tomeaning of Section 16 of the Exchange Act, any debt other shares of Common Stock or any securities issued convertible into, or guaranteed by the Company and having a maturity exercisable, or exchangeable for, shares of more than one year Common Stock; or publicly announce an intention to effect any such transaction, until after 90 days from the date of issuehereof, or any options or derivatives in respect of such debt securities, or publicly disclose except for (i) the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent registration of the Representative; provided that this provision shall not prohibit borrowings under Securities and the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless sales to the Underwriters against any documentarypursuant to this Agreement, stamp or similar issuance tax that may be imposed by (ii) the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of Common Stock or options exercisable into Common Stock pursuant to any employee benefit or incentive plan, stock ownership plan or dividend reinvestment plan of the Securities Company in effect at the Time of Sale, (iii) the issuance of Common Stock upon the conversion of securities or the exercise of warrants outstanding at the Time of Sale and on (iv) issuances of Common Stock as consideration for the execution and delivery acquisition of assets, business or companies, provided that in the case of any such issuances pursuant to this Agreement. All payments clause (iv), the recipients of such Common Stock agree in writing to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law subject to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary similar transfer restrictions for the Company to avoid such withholding or deduction remainder of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company90-day restricted period.
(k) The Company will use its will, pursuant to reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market procedures developed in good faith, retain copies of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, each Issuer Free Writing Prospectus that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate is not filed with the Underwriters and use its reasonable best endeavours to permit Commission in accordance with Rule 433 under the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the CompanyAct.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters that:
(a) The Company has filed or will file each Statutory Prospectus (including At any time when a prospectus relating to the Final Prospectus) pursuant Offered Securities is required to and in accordance with Rule 424(b)(2) (orbe delivered under the 1933 Act, if applicable and consented to by the Representative, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative of not file or make any proposal amendment to amend or supplement the Registration Statement or any Statutory supplement to the Prospectus at any time (except for periodic or current reports filed under the 0000 Xxx) unless the Company has furnished the Underwriters a copy for its review prior to filing and will offer given the Representative Underwriters a reasonable opportunity to comment on any such proposed amendment or supplement; . The Underwriters shall make its responses thereto, if any, promptly. Immediately following the execution of this Agreement, the Company will prepare a prospectus supplement, in form approved by the Underwriters, setting forth the number of shares of Offered Securities to be sold, the Underwriters’ names, the price at which the Offered Securities are to be purchased by the Underwriters from the Company, the initial offering price, the selling concession and reallowance, if any, and such other information as the Underwriters and the Company deem appropriate in connection with the offering of the Offered Securities. The Company will also promptly cause the Prospectus to be filed with the Commission pursuant to Rule 424(b) of the 1933 Act Regulations in the manner and within the time period prescribed by such rule and will provide evidence satisfactory to the Underwriters of such filing. The Company will promptly advise the Representative promptly of Underwriters (i) at any time when a prospectus relating to the filing of Offered Securities is required to be delivered under the 1933 Act, when any such post-effective amendment to the Registration Statement shall have been filed or supplementbecome effective, (ii) of any request by the Commission or its staff for any post-effective amendment of the Registration Statement or supplement to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) of the institution issuance by the Commission of any stop order proceedings in respect suspending the effectiveness of the Registration Statement or the institution or threatening by direct communication with the Company of any proceeding for that purpose, and (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification of the Offered Securities for sale in any jurisdiction or the institution initiation or threatening by direct communication with the Company of any proceedings proceeding for such purpose. The Company will promptly effect the filing of the Prospectus necessary pursuant to Rule 424(b) of the 1933 Act Regulations and will take such steps as it deems necessary to ascertain promptly whether the Prospectus transmitted for filing under Rule 424(b) was received for filing by the Commission and, in the event that it was not, it will promptly file the Prospectus. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or suspending the suspension effectiveness of any such qualification the Registration Statement and, if issued, to obtain as soon as possible the withdrawal thereof.
(cb) If, If at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act by any Underwriter or dealer1933 Act, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an any untrue statement of a material fact or omit to state any a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is shall be necessary at any time to amend the Registration Statement or to supplement the Final Prospectus to comply with the 1933 Act or the 1934 Act, or the 1933 Act Regulations or the 1934 Act Regulations, the Company promptly will promptly (i) notify the Representative of such event and will promptly Underwriters, (ii) prepare and file with the Commission and furnishCommission, at its own expense, subject to the Underwriters and the dealers and any other dealers upon request first sentence of the Representativeparagraph (a) of this Section 5, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The , and (iii) supply any supplemented Prospectus to the Underwriters in such quantities as the Underwriters may reasonably request.
(c) During the period when a prospectus relating to the Offered Securities is required to be delivered under the 1933 Act, the Company will advise timely file all documents required to be filed with the Commission pursuant to Section 13(a), 13(c), 14 or 15(d) of the 1934 Act and will furnish to the Underwriters promptly copies of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereofdocuments.
(d) As soon as practicable, but not later than June 30, 200890 days after the close of the period covered by the earnings statement, the Company will make generally available to its securityholders security holders and to the Underwriters an earnings statement covering a period or statements of at least 12 months beginning after the date of this Agreement Company and satisfying its subsidiaries which will satisfy the provisions of Section 11(a) of the 1933 Act and Rule 158158 of the 1933 Act Regulations.
(e) The So long as the Underwriters are required to deliver a prospectus in connection with sales of the Offered Securities, the Company will furnish to the Representative Underwriters and their counsel, without charge, such copies of the Registration Statement, Statement (including all exhibits, any Statutory Prospectus, the Final exhibits thereto) and Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Underwriters may reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documentsrequest.
(f) The Company will use its reasonable best efforts to arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative Underwriters reasonably designates request and will continue such qualifications in effect so long as required for the distribution of the Offered Securities, provided that the Company will shall not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to For a period of 60 days after the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing date of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities 1933 Act (other than a registration statement on Form S-8 or Form S-4) relating to, any debt additional shares of the Securities or securities issued convertible into or guaranteed by exchangeable or exercisable for any shares of the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securitiesSecurities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under Underwriters, except grants of stock options, restricted stock or other stock-based awards pursuant to the credit facilities existing terms of the Company’s 2004 Omnibus Incentive Plan or any similar plan, issuances of Securities pursuant to the exercise of such awards or the exercise of any other awards outstanding on the date hereof or secured financings issuances of accounts receivables and inventorySecurities pursuant to any Company dividend reinvestment plan.
(jh) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate agrees with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, several Underwriters that if the Company can no longer maintain such listing, the Company will use pay all reasonable commercial efforts expenses incident to obtain the performance of the obligations of the Company under this Agreement (including, without limitation, fees of the Company’s counsel, accounting fees and maintain fees related to the listing of the Offered Securities on another recognized stock exchange.
the New York Stock Exchange), for any filing fees and other expenses (lincluding fees and disbursements of counsel) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division in connection with qualification of the McGraw HillOffered Securities for sale under the laws of such jurisdictions as the Underwriters designate and the printing of memoranda relating thereto, Inc. for any travel expenses of the Company’s officers and employees and any other expenses of the Company in connection with attending or hosting meetings with prospective purchasers of the Offered Securities and for expenses incurred in distributing preliminary prospectuses and the Prospectus (“S&P”), including any amendments and Mxxxx’x Investors Service Inc. (“Moody’s”supplements thereto) to provide and/or confirm their respective credit ratings of the SecuritiesUnderwriters.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters, one conformed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable applicable, and if consented to by the RepresentativeLead Underwriter, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The During a particular offering of Offered Securities in which the Lead Underwriter participates, the Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; and during that period, the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best commercial efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, then the Company promptly will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Lead Underwriter's consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of this the registration statement relating to the Registered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Lead Underwriter reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such United States jurisdictions as the Representative reasonably Lead Underwriter designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement), the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and or other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Offered Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada jurisdictions as the Underwriters Lead Underwriter may designate and the printing of memoranda relating thereto, costs and expenses related for any applicable filing fee incident to the review by the National Association of Securities Deals Dealers, Inc. of the Registered Securities; (ix) , for any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s 's officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of Registered Securities and for expenses incurred in distributing the Securities from Prospectus, any preliminary prospectuses, any preliminary prospectus supplements or any other amendments or supplements to the Prospectus to the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the The Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt additional shares of its Common Stock or securities issued convertible into or guaranteed by the Company and having a maturity exchangeable or exercisable for any shares of more than one year from the date of issue, or any options or derivatives in respect of such debt securitiesits Common Stock, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings Lead Underwriter for a period beginning at the time of execution of the Terms Agreement and ending the number of days after the date of the Terms Agreement specified under "Blackout" in the credit facilities existing Terms Agreement except grants of employee stock awards pursuant to the terms of a plan in effect on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery Terms Agreement, issuances of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Common Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive awards, the exercise of any other employee stock options outstanding on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery date of the SecuritiesTerms Agreement and other matters identified in the Terms Agreement under "Blackout".
Appears in 1 contract
Samples: Underwriting Agreement (Pioneer Natural Resources Co)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters, if available, one signed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeLead Underwriter, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Lead Underwriter's consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of this the registration statement relating to the Registered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative copies Representatives one copy each of the Registration Statement, including all exhibits, one copy each of any Statutory Prospectusrelated preliminary prospectus, if available, and copies of any related preliminary prospectus supplement related to the Offered Securities, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Lead Underwriter reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions of the United States as the Representative reasonably Lead Underwriter designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) During the period of five years after the date of any Terms Agreement, the Company will furnish to the Representatives and, upon request, to each of the other Underwriters, if any, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to the Representatives (i) as soon as available, a copy of each report and any definitive proxy statement of the Company filed with the Commission under the Exchange Act or mailed to stockholders, and (ii) from time to time, such other information concerning the Company as the Lead Underwriter may reasonably request.
(h) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto), including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) but not limited to any filing fees and or other expenses (including reasonable legal fees and disbursements of counsel) incurred in connection with qualification or exemption of the Registered Securities for sale under the securities and real estate syndication laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Lead Underwriter may designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Offered Securities; , for any applicable filing fee and (x) expense incident to, any review by the National Association of Securities Dealers, Inc. of the Registered Securities, for all expenses incurred in distributing incident to the Preliminary Prospectus registration of the Offered Securities and the Final Prospectus (including printing and the wordprocessing of copies of the Registration Statement, any amendments prospectus and supplements thereto) to this Agreement, for the Underwriters fees and expenses incurred of the Trustee, including if required the fees and disbursements of counsel for preparingthe Trustee in connection with the Indenture and the Offered Securities, printing for the fees and distributing expenses of any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse depositary in connection with holding the Underwriters (to the extent incurred by them) Offered Securities in book-entry form, for all reasonable any travel expenses of the Underwriters and the Company’s 's officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of Registered Securities and for expenses incurred in distributing the Securities from Prospectus, any preliminary prospectus supplements or any other amendments or supplements to the Prospectus to the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the The Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any United States dollar- denominated debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, issue without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under Lead Underwriter for a period beginning at the credit facilities existing time of execution of the Terms Agreement and ending on the date hereof or secured financings of accounts receivables and inventoryspecified under "Blackout" in the Terms Agreement.
(j) The Company will indemnify and hold harmless use the Underwriters against any documentary, stamp or similar issuance tax that may be imposed net proceeds received by it from the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Offered Securities and on sold by it in the execution and delivery manner specified in the Prospectus Supplement under "Use of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the CompanyProceeds".
(k) The Company will use its reasonable best efforts to have continue to meet the Securities admitted requirements to trading on qualify as a "real estate investment trust" under the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchangeCode.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters Agents that:
(a) The Company has filed or will file advise each Statutory Prospectus (including the Final Prospectus) pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and consented to by the Representative, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will Agent promptly advise the Representative of any proposal to amend or supplement any Time of Sale Information, the Prospectus or the Registration Statement or to register the Securities under any Statutory Prospectus at registration statements other than the Registration Statement referred to in Section 2(a) above (other than any time and will offer the Representative a reasonable opportunity to comment on any such proposal for an amendment or supplement; supplement or additional registration statement that relates only to the offering and sale of securities other than the Securities or the offering and sale of Securities other than through such Agent or by reason of filing a report under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) that is incorporated by reference in the Registration Statement or the Prospectus and does not relate specifically to the Securities). The Company will also advise the Representative each Agent promptly of (i) the filing with the Commission of any such each amendment or supplement, (ii) any request by the Commission or its staff for any amendment supplement to the Registration StatementProspectus, for any supplement to any Statutory Issuer Free Writing Prospectus or for the Registration Statement and each such additional registration statement (other than any amendment, supplement or additional information, (iiiregistration statement that relates only to the offering and sale of securities other than the Securities or the offering and sale of Securities other than through such Agent or by reason of filing a report under the Exchange Act that is incorporated by reference in the Registration Statement or the Prospectus and does not relate specifically to the Securities) and of the institution by the Commission of any stop order proceedings or proceedings pursuant to Section 8A of the Act in respect of the Registration Statement or the threatening of any proceeding for that purposesuch additional registration statement, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if such a stop order is issued, to obtain its lifting as soon as possible the withdrawal thereofpossible.
(c1) If, at any time when a prospectus relating to the Securities is (or but for the exemption in Rule 172 would be) required to be delivered (or required to be delivered but for Rule 172 under the Act by any Underwriter or dealerAct) under the Act, any event occurs shall occur as a result of which the Final Prospectus as then amended or supplemented would shall include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is shall be necessary at any time to amend or supplement the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly (i) notify each Agent to suspend the Representative solicitation of such event offers to purchase Securities and will promptly (ii) prepare and file with the Commission and furnish, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which that will correct such untrue statement or omission or an amendment which will effect such compliance. The Company will advise compliance and (2) if at any time prior to the Underwriters promptly time of delivery of any proposal Securities (i) any event shall occur or condition shall exist as a result of which the Time of Sale Information as then amended or supplemented would include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances, not misleading or (ii) it is necessary to amend or supplement the Registration Statement Time of Sale Information to comply with law, the Company will immediately notify the relevant Agents thereof and forthwith prepare and, subject to paragraph (a) above, file with the Commission (to the extent required) and furnish to the relevant Agents and to such dealers as X.X. Xxxxxx Securities LLC may designate, such amendments or supplement supplements to the Final Prospectus and Time of Sale Information as may be necessary so that the statements in the Time of Sale Information as so amended or supplemented will not, in the light of the circumstances, be misleading or so that the Time of Sale Information will comply with law.
(c) The Company agrees that it will not effect solicit or accept offers to purchase Securities from any Agent during any period when (i) the Company shall have been advised by either Xxxxx’x Investors Services, Inc. or Standard & Poor’s Financial Services LLC, a subsidiary of The XxXxxx-Xxxx Companies, Inc., that such amendment organization has determined to downgrade the rating of the Securities or supplementation without any other debt obligations or any preferred stock of the Underwriters’ consent. Neither Company and such downgrade shall not yet have been publicly announced, or (ii) there shall have occurred a material change in the Representative’s consent tofinancial condition or business of the Company and its subsidiaries, nor taken as a whole, and such event shall not have been disclosed in the Underwriters’ delivery ofTime of Sale Information or the Prospectus (directly or by incorporation by reference); provided, however, that the Company shall not be obligated to inform any such amendment Agent of the reason for, or supplement shall constitute a waiver describe the occurrence of any event that may have occasioned the need for, the suspension of the conditions set forth in Section 7 hereofits solicitation or acceptance of offers.
(d) As soon as practicable, but not Not later than June 30, 200816 months after the date of each acceptance by the Company of an offer to purchase Securities hereunder, the Company will make generally available to its securityholders security holders an earnings statement that will satisfy the provisions of Section 11(a) of the Act and Rule 158 thereunder covering a period of at least 12 months beginning after the last to occur of (i) the “effective” (as defined in Rule 158 under the Act) date of this Agreement and satisfying the provisions of Section 11(aRegistration Statement, (ii) the effective date of the Act most recent post-effective amendment to the Registration Statement to become effective prior to the date of such acceptance and Rule 158(iii) the date of the Annual Report on Form 10-K of the Company most recently filed with the Commission prior to the date of such acceptance.
(e) The Company will furnish to the Representative each Agent copies of the Registration Statement, including all exhibits, any Statutory each Issuer Free Writing Prospectus, the Final Prospectus and the Registration Statement (including the exhibits thereto relating to the offering by the Company thereunder of the Securities, but excluding the documents incorporated by reference), and all amendments and supplements to each Issuer Free Writing Prospectus, the Prospectus and the Registration Statement and all additional registration statements pursuant to which any of the Securities may be registered (other than any amendment, supplement or additional registration statement that relates only to the offering and sale of securities other than Securities or any pricing supplement relating to the offering and sale of Securities other than through such documentsAgent), in each case as soon as available and in such quantities as the Representative shall be reasonably requestsrequested. The Company will pay the expenses of printing and distributing prepare, with respect to any Securities to be sold through or to the Underwriters all Agents pursuant to this Agreement, any Issuer Free Writing Prospectus which the Company and the relevant Agents agree to use in connection with the sale of such documentsSecurities, and will file such Issuer Free Writing Prospectuses to the extent required by Rule 433 under the Act. The Company will prepare, with respect to any Securities to be sold through or to the Agents pursuant to this Agreement, a pricing supplement with respect to such Securities in substantially the form attached hereto as Exhibit F (a “Pricing Supplement”) and will file such Pricing Supplement with the Commission pursuant to Rule 424(b) under the Act not later than the time specified by such rule.
(f) The Company will arrange for the qualification of the Securities for sale, if any, and the determination of their eligibility for investment under the laws of such jurisdictions as the Agents designate and will continue such qualifications in effect so long as required for the distribution of the Securities.
(g) At any time when a Prospectus is required to be delivered (or required to be delivered but for Rule 172 under the Act) under the Act, and if not publicly available through the Commission’s website, the Company will furnish to such Agent, (i) as soon as practicable after the end of each fiscal year, the number of copies reasonably requested by such Agent of its annual report to stockholders for such year, (ii) as soon as available, the number of copies reasonably requested by such Agent of each report (including without limitation reports on Forms 10-K, 10-Q and 8-K) or definitive proxy statement of the Company filed with the Commission under the Exchange Act, or mailed to stockholders and (iii) from time to time, such other information concerning the Company as such Agent may reasonably request. The Company also will furnish each Agent with copies of any press release or general announcement to the general public, in each case upon request by the Agent.
(h) The Company will pay all expenses incident to the performance of its obligations under this Agreement and the reasonable fees and disbursements of Cravath, Swaine & Xxxxx LLP, counsel for the Agents, in connection with the offering and sale of the Securities and will reimburse each Agent for any expenses (including fees and disbursements of counsel) incurred by it in connection with the qualification of the Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Agent may designate and the printing of memoranda relating thereto, costs thereto and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse will determine with the Underwriters (to Agents the extent incurred by them) for all reasonable travel expenses amount of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfiedadvertising, because this Agreement is terminated or because of any failureif any, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters appropriate in connection with the proposed purchase and sale solicitation of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person offers to purchase any Securities; Securities and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actualpay, or apparentreimburse the Agents for, active trading in, or of raising the price of, the Securitiesall advertising expenses approved by it.
(i) After the date The Company will, pursuant to reasonable procedures developed in good faith, retain copies of the initial offering of the Securities by the Underwriters and until the day which each Issuer Free Writing Prospectus that is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file filed with the Commission a registration statement in accordance with Rule 433 under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventoryAct.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters Underwriter that:
(a) The Company has filed or will file each Statutory the Prospectus (including Supplement with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or424(b)(5), if applicable and consented as agreed to by the Representative, subparagraph (5)) not later than the second business day following the earlier Underwriter based on its review of drafts of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with Rule 433Prospectus Supplement.
(b) The Company will promptly advise the Representative Underwriter promptly of any proposal to amend or supplement the Registration Statement as filed or any Statutory the Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any not effect such amendment or supplementsupplementation without the Underwriter’s consent, not to be withheld unreasonably; and, if at the time this Agreement is executed and delivered, it is necessary for a post-effective amendment to the Registration Statement to be declared effective, the Company will also endeavor to cause such post-effective amendment to become effective as soon as possible and will advise the Representative Underwriter promptly of (i) the filing effectiveness of any such post-effective amendment or supplement, (ii) and of any request by the Commission for amendment or its staff for any amendment to supplementation of a Registration Statement or the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purposeStatement. The Company will use its good faith reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the RepresentativeUnderwriter’s consent to, nor the Underwriters’ Underwriter’s delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof7.
(d) As soon as practicable, but not later than June 30, 2008, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement and satisfying the provisions of Section 11(a) of the Act and Rule 158.
(e) The Company will furnish to the Representative copies of the Registration Statement, including all exhibits, any Statutory Prospectus, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction.
(g) The Company agrees to pay all expenses (together with VAT, where applicable) incidental to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to Xxxxxxxx & Xxxxxxxx, counsel for the Underwriters, one signed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeLead Underwriter, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Lead Underwriter's consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof5.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders an earnings earning statement covering a period of at least 12 months beginning after the later of (i) the effective date of this the registration statement relating to the Registered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(e) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Lead Underwriter reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably Lead Underwriter designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) During the period of five years after the date of any Terms Agreement, the Company will furnish to the Representatives and, upon request, to each of the other Underwriters, if any, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to the Representatives (i) as soon as available, a copy of each report and any definitive proxy statement of the Company filed with the Commission under the Securities Exchange Act of 1934 or mailed to stockholders, and (ii) from time to time, such other information concerning the Company as the Lead Underwriter may reasonably request.
(h) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement, ) and will reimburse the Securities, the Supplemental Indenture Underwriters (if and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (viextent incurred by them) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and or other expenses (including fees and disbursements of counsel) incurred by them in connection with qualification of the Registered Securities for sale and determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Lead Underwriter may designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing Offered Securities for any applicable filing fee of the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) National Association of Securities Dealers, Inc. relating to the Underwriters and expenses incurred Registered Securities, for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s 's officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of Registered Securities and for expenses incurred in distributing the Securities from Prospectus, any preliminary prospectuses, any preliminary prospectus supplements or any other amendments or supplements to the Prospectus to the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date Except in connection with employee benefit or Director compensation plans of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing DateCompany, the Company will not not, without the prior written consent of the Lead Underwriter, offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any to United States dollar- denominated debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition disposal or filing, without for a period beginning at the prior written consent time of execution of the Representative; provided that this provision shall not prohibit borrowings under Terms Agreement and ending the credit facilities existing on the date hereof or secured financings number of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received days after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to specified under "Blackout" in the delivery of the SecuritiesTerms Agreement.
Appears in 1 contract
Samples: Terms Agreement (PPG Industries Inc)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters, one signed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeLead Underwriter, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Lead Underwriter of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Lead Underwriter's consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 5 hereof.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of this the registration statement relating to the Registered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and the Rules and Regulations (including Rule 158).
(e) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Lead Underwriter reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and (if the Offered Securities are debt securities or preferred stock) the determination of their eligibility for investment under the laws of such U.S. jurisdictions as the Representative reasonably Lead Underwriter designates and will continue such qualifications in effect so long as required for the distribution provided distribution, provided, however, that the Company will not be required in connection therewith to qualify as a foreign corporation in any jurisdiction in which it is not now so qualified or to file a take any action that would subject it to general consent to service of process or taxation in any such jurisdictionjurisdiction in which it is not now so subject.
(g) During the period of five years after the date of any Terms Agreement, the Company will furnish to the Representatives and, upon request, to each of the other Underwriters, if any, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to the Representatives (i) as soon as available, a copy of each report and any definitive proxy statement of the Company filed with the Commission under the Securities Exchange Act of 1934 or mailed to stockholders, and (ii) from time to time, such other information concerning the Company as the Lead Underwriter may reasonably request.
(h) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement), the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and or other expenses (including fees and disbursements of counsel) incurred in connection with qualification of the Registered Securities for sale and (if the Offered Securities are debt securities or preferred stock) any determination of their eligibility for investment under the laws of such U.S. jurisdictions in Europe, the United States and Canada as the Underwriters Lead Underwriter may designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Securities; and Offered Securities (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including if they are debt securities or preferred stock), for any amendments and supplements thereto) applicable filing fee incident to the Underwriters and expenses incurred review by the National Association of Securities Dealers, Inc. of the Registered Securities, for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s 's officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of Registered Securities and for expenses incurred in distributing the Securities from Prospectus, any preliminary prospectuses, any preliminary prospectus supplements or any other amendments or supplements to the Prospectus to the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After If the date of the initial offering of the Offered Securities by the Underwriters and until the day which is 90 days after the Closing Dateare debt securities or preferred stock, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any to United States dollar-denominated debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, issue (if the Offered Securities are debt securities) or any options series of preferred stock issued or derivatives in respect of such debt securitiesguaranteed by the Company (if the Offered Securities are preferred stock), or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings Lead Underwriter for a period beginning at the time of execution of the Terms Agreement and ending the number of days after the Closing Date specified under "Blackout" in the credit facilities existing on the date hereof or secured financings of accounts receivables and inventoryTerms Agreement.
(j) The Company will indemnify and hold harmless If the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Offered Securities are outstanding; provided, however, that if the Company can no longer maintain such listingCommon Stock or are convertible into Common Stock, the Company will use all reasonable commercial efforts not offer, sell, contract to obtain and maintain sell, pledge or otherwise dispose of, directly or indirectly, or file with the listing Commission a registration statement under the Act relating to, any additional shares of its Common Stock or securities convertible into or exchangeable or exercisable for any shares of its Common Stock, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, Lead Underwriter for a division period beginning at the time of execution of the McGraw Hill, Inc. (“S&P”), Terms Agreement and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings ending the number of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to days after the Closing Date and to satisfy all conditions precedent specified under "Blackout" in the Terms Agreement, except issuances of Common Stock pursuant to the delivery conversion or exchange of convertible or exchangeable securities or the exercise of warrants or options, in each case outstanding on the date of the SecuritiesTerms Agreement, grants of director or employee stock options pursuant to the terms of a plan in effect on the date of the Terms Agreement, issuances of Common Stock pursuant to the exercise of such options or the exercise of any other employee stock options outstanding on the date of the Terms Agreement.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters that:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeCSFB, subparagraph (5)) not later than the second business day following the earlier execution and delivery of this Agreement.
(b) If an Additional Registration Statement is necessary to register a portion of the date it is first used or Offered Securities under the Act but the effective time thereof has not occurred as of the execution and delivery of this Agreement. The , the Company has complied will file the Additional Registration Statement with the Commission pursuant to and will comply in accordance with Rule 433462(b) on or prior to 10:00 P.M., New York time, on the date of this Agreement or, if earlier, on or prior to the time the Prospectus is printed and distributed to any Underwriter, or will make such filing at such later date as shall have been consented to by CSFB.
(bc) The Company will advise CSFB promptly advise the Representative of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer the Representative afford CSFB a reasonable opportunity to comment on any such proposed amendment or supplement; and the Company will also advise the Representative CSFB promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(cd) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative CSFB of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the RepresentativeCSFB’s consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 6 hereof.
(de) As soon as practicable, but not later than June 30, 200816 months after the date of this Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the later of (i) the effective date of the registration statement relating to the Offered Securities, and (ii) the date of the Company’s most recent Annual Report on Form 10-K filed with the Commission prior to the date of this Agreement and satisfying Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Act.
(ef) The Company will furnish to the Representative copies of the each Registration Statement, including Statement (one of which will be signed and will include all exhibits), each related preliminary prospectus, and, so long as a prospectus relating to the Offered Securities is required to be delivered under the Act in connection with sales by any Statutory ProspectusUnderwriter or dealer, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative CSFB reasonably requests. The Prospectus shall be so furnished on or prior to 3:00 P.M., New York time, on the business day following the execution and delivery of this Agreement or as soon thereafter as practicable. All other documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(fg) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably CSFB designates and will continue such qualifications in effect so long as required for the distribution provided that in no event shall the Company will not be required obligated to qualify as a foreign corporation to do business in any jurisdiction where it is not now so qualified or to file a general consent take any action that would subject it to service of process in suits, in any such jurisdictionjurisdiction where it is not now so subject.
(gh) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and or other expenses (including fees and disbursements of counsel) incurred in connection with the qualification of the Offered Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate CSFB designates and the printing of memoranda relating thereto, costs and for any travel expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) Company’s officers and employees and any fees charged by investment rating agencies for the rating other expenses of the Securities; Company in connection with attending or hosting meetings with prospective purchasers of the Offered Securities and (x) for expenses incurred in distributing the Preliminary Prospectus preliminary prospectuses and the Final Prospectus (including any amendments and supplements thereto) to the Underwriters and expenses incurred for preparingUnderwriters; provided that, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters of the Securities from the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters except as otherwise set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith)Agreement, the Company agrees Underwriters will pay their own costs and expenses, including the costs and expenses of their counsel with respect to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase offering and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket , their own costs and expenses incurred by them. In addition associated with the “road show”, which shall include one-half of the cost to charter the foregoingroad show airplane, the Company will also pay and the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company advertising any offering of the completion of Offered Securities made by the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the SecuritiesUnderwriters.
(i) After the date For a period of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Datedate of this Agreement, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt additional shares of its Securities or securities issued convertible into or guaranteed by the Company and having a maturity exchangeable or exercisable for any shares of more than one year from the date of issue, or any options or derivatives in respect of such debt securitiesits Securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of CSFB except (i) in connection with the Representative; provided that acquisition of assets, businesses or the capital stock or other ownership interests of businesses by the Company or its subsidiaries in exchange for securities of the Company, if the recipient(s) of such securities agree(s) not to offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, such securities or take any of the other actions restricted by this provision shall not prohibit borrowings under Section 5(i) during such lock-up period or (ii) pursuant to the credit facilities existing on Company’s equity compensation and savings plans or the Company’s dividend reinvestment plan or (iii) shares of the Company’s common stock issued in connection with options or warrants outstanding as of the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Certain Agreements of the Company. The Company agrees with the several Underwriters thatthat in connection with each offering of Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2424(b)(1) or (2), as applicable (or, if applicable and if consented to by the RepresentativeLead Underwriter (which consent shall not be unreasonably withheld), subparagraph (4) or (5)) , as applicable), not later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreement. The Company has complied and will comply with the Terms Agreement or, if applicable, such later time as may be permitted by Rule 433424.
(b) The Company will promptly advise the Representative Lead Underwriter promptly of any proposal to amend or supplement the Registration Statement (including any post-effective amendment) or the Prospectus (including any Statutory Prospectus at any time revised prospectus which the Company proposes for use by the Underwriters in connection with the offering of the Offered Securities which differs from the prospectus most recently filed, or transmitted for filing, with the Commission, whether or not such revised prospectus is required to be filed pursuant to Rule 424(b)) and will offer afford the Representative Lead Underwriter a reasonable opportunity to comment on any such proposed amendment or supplementsupplement and, after the date of the Terms Agreement and prior to the later of the purchase and payment for the Offered Securities on the Closing Date and the completion of distribution by the Underwriters of the Offered Securities, will not effect any such amendment or supplementation without the prior consent of the Lead Underwriter, which consent shall not be unreasonably withheld or delayed, unless in the opinion of counsel for the Company such amendment or supplement is required by law; and the Company will also advise the Representative Lead Underwriter promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding part thereof, (ii) of the receipt of any comments from the Commission or of any request by the Commission for that purpose, any amendment to the Registration Statement or any amendment or supplement to the Prospectus or for any additional information and (iviii) of the receipt by the Company of any notification with respect to the any suspension of the qualification of the Offered Securities for offer and sale in any jurisdiction or the institution or threatening initiation of any proceedings proceeding for such purpose. The Company will ; and to use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification notification and, if issued, to obtain as soon as possible the withdrawal thereof.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs occurs, condition exists or information becomes known as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company promptly will promptly notify the Representative Lead Underwriter of such event event, condition or information and will will, subject to paragraph (b) of this Section 4, promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Lead Underwriter's consent to, nor the Underwriters’ ' delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof5.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders an earnings statement covering a period of at least 12 months beginning after the date of this Agreement and satisfying the provisions of complying with Section 11(a) of the Act and the Rules and Regulations (including at the option of the Company Rule 158158 under the Act).
(e) The Company will furnish to the Representative Representatives copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Lead Underwriter reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative Lead Underwriter reasonably designates and will continue such qualifications in effect so long as required for the distribution distribution; provided that in connection therewith the Company will shall not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdiction.
(g) During the period of five years after the date of any Terms Agreement, the Company will furnish to the Representatives upon their request and, upon request, to each of the other Underwriters, if any, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year if the Company prepares such a report; and the Company will furnish to the Representatives (i) as soon as available, a copy of each report and any definitive proxy statement of the Company filed with the Commission under the Exchange Act or mailed to stockholders, and (ii) from time to time, such other information concerning the Company as the Lead Underwriter may reasonably request.
(h) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under the Terms Agreement (including the provisions of this Agreement and each of the IndenturesAgreement), including, subject to receipt of sufficiently itemized accounts without limitation, all costs and expenses (i) incurred in connection with the feespreparation, disbursements issuance, execution and expenses delivery of the Company’s legal advisors; Offered Securities, (ii) incurred in connection with the feespreparation, disbursements printing and expenses filing under the Act and the Exchange Act, if applicable, of the Company’s accountants; Registration Statement, the Prospectus, any preliminary prospectus and each prospectus supplement (including in each case all exhibits, amendments and supplements thereto), (iii) in connection with the feeslisting, disbursements and expenses if any, of the Underwriters’ legal advisorsOffered Securities on any securities exchange set forth in the Terms Agreement, Cravath(iii) incurred in connection with the engagement of any qualified independent underwriter as may be required by rules and regulations of the National Association of Securities Dealers, Swaine & Mxxxx LLPInc., Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) incurred in connection with the rating of the Offered Securities, (v) relating to the fees and expenses of the Trustee, including the fees and expenses of counsel to the Trustee and (vi) relating to or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging duplication costs and initial delivery of the Securities, the preparation and printing of this Agreement, the SecuritiesTerms Agreement, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements any supplemental indenture relating thereto, and any the agreement among underwriters, each other document or instrument relating to the issuance, offer, sale and delivery of the Securities; (vi) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange underwriting arrangements and any expenses incidental theretodealer agreements, including those of and will reimburse the Luxembourg listing agent; Underwriters (viiif and to the extent incurred by them) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) for any filing fees and or other expenses (including fees and disbursements of counsel) incurred by them in connection with qualification of the Offered Securities for sale under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Lead Underwriter may reasonably designate and the printing of memoranda relating thereto, costs and expenses related to the review by for any applicable filing fee of the National Association of Securities Deals Dealers, Inc. of the Securities; (ix) any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) relating to the Underwriters and expenses incurred Offered Securities, for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s 's officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of Registered Securities and for expenses incurred in distributing the Securities from Prospectus, any preliminary prospectuses, any preliminary prospectus supplements or any other amendments or supplements to the Prospectus to the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the The Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any to United States dollar- denominated debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition disposal or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings Lead Underwriter for a period beginning at the time of execution of the Terms Agreement and ending the number of days after the Closing Date specified under "Blackout" in the credit facilities existing on the date hereof or secured financings of accounts receivables and inventoryTerms Agreement.
(j) The Company will indemnify and hold harmless During the Underwriters against any documentary, stamp or similar issuance tax that may period when the Prospectus is required to be imposed by delivered under the United States, Luxembourg, the United Kingdom Act or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listingAct, the Company will use file all reasonable commercial efforts documents required to obtain and maintain be filed with the listing Commission pursuant to Section 13, 14 or 15 of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of Exchange Act within the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed time period required by the CompanyExchange Act.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Underwriting Agreement (Case Corp)
Certain Agreements of the Company. The Company agrees with the several Underwriters thatUnderwriters:
(a) The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) , properly completed, with the Commission pursuant to and in accordance with Rule 424(b)(2subparagraph (2) (or, if applicable and if consented to by the Representative, subparagraph (5)) not of Rule 424(b) no later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreementused. The Company has complied and will comply with advise the Representative promptly of any such filing pursuant to Rule 433424(b).
(b) The Company shall file the final pricing information, which may be posted on a Bloomberg screen or distributed via Bloomberg, as a free writing prospectus.
(c) The Company will promptly advise the Representative promptly, in writing, of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any not effect such amendment or supplementsupplementation without the Representative's reasonable consent; and the Company will also advise the Representative promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to supplementation of the Registration Statement, for any supplement to any Statutory Statement or the Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(cd) If, at any time when a prospectus relating to the Securities Notes is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative of such event and will promptly prepare and file with the Commission and furnish(subject to the Representative's prior review pursuant to Section 5A(c), at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission omission, or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s 's consent to, nor the Underwriters’ Underwriters delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof6.
(de) As The Company will cause the Trust to make generally available to Noteholders, as soon as practicable, but not no later than June 30sixteen months after the date hereof, 2008, the Company will make generally available to its securityholders an earnings statement of the Trust covering a period of at least 12 twelve consecutive months beginning after the later of (i) the effective date of the registration statement relating to the Notes and (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of this Agreement and and, in each case, satisfying the provisions of Section 11(a) of the Act and (including Rule 158158 promulgated thereunder).
(ef) The Company will furnish to the Representative Underwriters copies of the Registration Statement, including all exhibits, any Statutory each Prospectus, the Final Prospectus Registration Statement and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requests. The Final Prospectus shall be furnished on or prior to 3:00 P.M., New York time, on the business day following the execution and delivery of this Agreement. All other such documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(fg) The Company will arrange for the qualification of the Securities Notes for offering and sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative may reasonably designates designate and will continue such qualifications in effect so long as required for the distribution of the Notes; provided that in connection therewith the Company will shall not be required to qualify as a foreign corporation to do business or to file a general consent to service of process in any such jurisdiction.
(gh) The For a period from the date of this Agreement until the retirement of the Notes, the Company agrees will furnish to the Representative and, upon request, to each of the other Underwriters, (i) copies of each certificate and the annual statements of compliance delivered to the Indenture Trustee pursuant to Section 3.09 of the Indenture and Sections 3.10 and 3.11 of the Sale and Servicing Agreement and the annual independent certified public accountant's servicing reports furnished to the Trust pursuant to Section 3.12 of the Sale and Servicing Agreement, by first-class mail as soon as practicable after such statements and reports are furnished to the Indenture Trustee or the Trust, as the case may be, and (ii) such other forms of periodic certificates or reports as may be delivered to the Indenture Trustee, the Owner Trustee or the Noteholders under the Indenture, the Sale and Servicing Agreement or the other Basic Documents.
(i) So long as any Note is outstanding, the Company will furnish to the Representative by first-class mail as soon as practicable, (i) all documents distributed, or caused to be distributed, by the Company to the Noteholders, (ii) all documents filed or caused to be filed by the Company with the Commission pursuant to the Exchange Act or any order of the Commission thereunder and (iii) such other information in the possession of the Company concerning the Trust as the Representative from time to time may reasonably request.
(j) Subject to the provisions of Section 10 hereof, the Company will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of will reimburse the Indentures, including, subject to receipt of sufficiently itemized accounts Underwriters (i) the fees, disbursements if and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (viextent incurred by them) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred by them in connection with qualification of the Securities Notes for sale in jurisdictions that the Representative may designate pursuant to Section 5A(g) hereof and determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate Representative reasonably designates and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including Notes, for any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees of the Underwriters and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of the Securities from Notes and for expenses incurred in distributing the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses Prospectus (including reasonable fees, disbursements any amendments and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Companysupplements thereto).
(k) The Company will use its reasonable best efforts to have To the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; providedextent, howeverif any, that if the Company can no longer maintain such listingrating provided with respect to the Notes by Xxxxx'x Investors Service, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
Inc. (l"Moody's") The Company shall take all reasonable action necessary to enable or Standard & Poor’s 's Ratings Services, a division of the McGraw HillXxXxxx-Xxxx Companies, Inc. (“"S&P”)) is conditional upon the furnishing of documents or the taking of any other action by the Company, the Company shall furnish such documents and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securitiestake any such other action.
(ml) The On or before the Closing Date, the Company will cooperate with shall annotate and indicate unambiguously in the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions computer records of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect Company relating to the Receivables to show the Trust's absolute ownership of the Receivables, and from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to after the Closing Date the Company shall not take any action inconsistent with the Trust's ownership of such Receivables, other than as permitted by the Sale and to satisfy all conditions precedent to the delivery of the SecuritiesServicing Agreement.
Appears in 1 contract
Samples: Underwriting Agreement (Honda Auto Receivables 2007-3 Owner Trust)
Certain Agreements of the Company. The Company agrees with the several Underwriters thatUnderwriters:
(a) The Company has filed or will file each Statutory Prospectus (including the Final Prospectus) , properly completed, with the Commission pursuant to and in accordance with Rule 424(b)(2subparagraph (2) (or, if applicable and if consented to by the Representative, subparagraph (5)) not of Rule 424(b) no later than the second business day following the earlier of the date it is first used or the execution and delivery of this Agreementused. The Company has complied and will comply with advise the Representative promptly of any such filing pursuant to Rule 433424(b).
(b) The Company shall file the final pricing information, which may be posted on a Bloomberg screen or distributed via Bloomberg, as a free writing prospectus.
(c) The Company will promptly advise the Representative promptly, in writing, of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer the Representative a reasonable opportunity to comment on any not effect such amendment or supplementsupplementation without the Representative’s reasonable consent; and the Company will also advise the Representative promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to supplementation of the Registration Statement, for any supplement to any Statutory Statement or the Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its reasonable best efforts to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(cd) If, at any time when a prospectus relating to the Securities Notes is (or but for the exemption in Rule 172 would be) required to be delivered under the Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Act, the Company will promptly notify the Representative of such event and will promptly prepare and file with the Commission and furnish(subject to the Representative’s prior review pursuant to Section 5A(c), at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission omission, or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s consent to, nor the Underwriters’ Underwriters delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof6.
(de) As The Company will cause the Trust to make generally available to Noteholders, as soon as practicable, but not no later than June 30sixteen months after the date hereof, 2008, the Company will make generally available to its securityholders an earnings statement of the Trust covering a period of at least 12 twelve consecutive months beginning after the later of (i) the effective date of the registration statement relating to the Notes and (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of this Agreement and and, in each case, satisfying the provisions of Section 11(a) of the Act and (including Rule 158158 promulgated thereunder).
(ef) The Company will furnish to the Representative Underwriters copies of the Registration Statement, including all exhibits, any Statutory each Prospectus, the Final Prospectus Registration Statement and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative reasonably requests. The Final Prospectus shall be furnished on or prior to 3:00 P.M., New York time, on the business day following the execution and delivery of this Agreement. All other such documents shall be so furnished as soon as available. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(fg) The Company will arrange for the qualification of the Securities Notes for offering and sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative may reasonably designates designate and will continue such qualifications in effect so long as required for the distribution of the Notes; provided that in connection therewith the Company will shall not be required to qualify as a foreign corporation to do business or to file a general consent to service of process in any such jurisdiction.
(gh) The For a period from the date of this Agreement until the retirement of the Notes, the Company agrees will furnish to the Representative and, upon request, to each of the other Underwriters, (i) copies of each certificate and the annual statements of compliance delivered to the Indenture Trustee pursuant to Section 3.09 of the Indenture and Sections 3.10 and 3.11 of the Sale and Servicing Agreement and the annual independent certified public accountant’s servicing reports furnished to the Trust pursuant to Section 3.12 of the Sale and Servicing Agreement, by first-class mail as soon as practicable after such statements and reports are furnished to the Indenture Trustee or the Trust, as the case may be, and (ii) such other forms of periodic certificates or reports as may be delivered to the Indenture Trustee, the Owner Trustee or the Noteholders under the Indenture, the Sale and Servicing Agreement or the other Basic Documents.
(i) So long as any Note is outstanding, the Company will furnish to the Representative by first-class mail as soon as practicable, (i) all documents distributed, or caused to be distributed, by the Company to the Noteholders, (ii) all documents filed or caused to be filed by the Company with the Commission pursuant to the Exchange Act or any order of the Commission thereunder and (iii) such other information in the possession of the Company concerning the Trust as the Representative from time to time may reasonably request.
(j) Subject to the provisions of Section 10 hereof, the Company will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this Agreement and each of will reimburse the Indentures, including, subject to receipt of sufficiently itemized accounts Underwriters (i) the fees, disbursements if and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing of this Agreement, the Securities, the Supplemental Indenture and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (viextent incurred by them) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and other expenses (including fees and disbursements of counsel) incurred by them in connection with qualification of the Securities Notes for sale in jurisdictions that the Representative may designate pursuant to Section 5A(g) hereof and determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters designate Representative reasonably designates and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Securities; and (x) expenses incurred in distributing the Preliminary Prospectus and the Final Prospectus (including Notes, for any amendments and supplements thereto) to the Underwriters and expenses incurred for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees of the Underwriters and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of the Securities from Notes and for expenses incurred in distributing the Underwriters. If Prospectus (including any amendments and supplements thereto).
(k) To the sale of extent, if any, that the Securities rating provided for herein is not consummated because any condition with respect to the obligations Notes by [_______________] (“[____]”) or [__________________] (“[____]”) is conditional upon the furnishing of documents or the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because taking of any failure, refusal or inability on other action by the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith)Company, the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements shall furnish such documents and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwritertake any such other action.
(hl) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has On or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after before the Closing Date, the Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with shall annotate and indicate unambiguously in the Commission a registration statement under the Securities Act relating to, any debt securities issued or guaranteed by computer records of the Company and having a maturity of more than one year from relating to the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose Receivables to show the intention to make any such offer, sale, pledge, disposition or filing, without the prior written consent Trust’s absolute ownership of the Representative; provided that this provision shall not prohibit borrowings under Receivables, and from and after the credit facilities existing on the date hereof or secured financings of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, Closing Date the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing not take any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate action inconsistent with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market Trust’s ownership of the Luxembourg Stock Exchange and will maintain such listing Receivables, other than as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed permitted by the CompanySale and Servicing Agreement.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to the delivery of the Securities.
Appears in 1 contract
Samples: Underwriting Agreement (American Honda Receivables Corp)
Certain Agreements of the Company. The Company agrees with the several Underwriters that it will furnish to counsel for the Underwriters one conformed copy of the registration statement relating to the Registered Securities, including all exhibits, in the form it became effective and of all amendments thereto and that, in connection with each offering of the Offered Securities:
(a) The Company has filed or will file each Statutory the Prospectus (including with the Final Prospectus) Commission pursuant to and in accordance with Rule 424(b)(2) (or, if applicable and if consented to by the RepresentativeLead Underwriter, subparagraph (5)) not later than the second business day following the earlier of the date it is first used or the execution and delivery of this the Terms Agreement. The Company has complied and will comply with Rule 433.
(b) The Company will promptly advise the Representative Representatives promptly of any proposal to amend or supplement the Registration Statement or any Statutory the Prospectus at any time and will offer afford the Representative Representatives a reasonable opportunity to comment on any such proposed amendment or supplementsupplement and will not file any such amendment or supplement to which the Representatives shall have objected in writing; and the Company will also advise the Representative Representatives promptly of (i) the filing of any such amendment or supplement, (ii) any request by the Commission or its staff for any amendment to the Registration Statement, for any supplement to any Statutory Prospectus or for any additional information, (iii) and of the institution by the Commission of any stop order proceedings in respect of the Registration Statement or the threatening of any proceeding for that purpose, part thereof and (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities in any jurisdiction or the institution or threatening of any proceedings for such purpose. The Company will use its every reasonable best efforts effort to prevent the issuance of any such stop order or the suspension of any such qualification and, if issued, and to obtain as soon as possible the withdrawal thereofits lifting, if issued.
(c) If, at any time when a prospectus relating to the Offered Securities is (or but for the exemption in Rule 172 would be) required to be delivered under the Securities Act in connection with sales by any Underwriter or dealer, any event occurs as a result of which the Final Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary at any time to amend the Registration Statement or supplement the Final Prospectus to comply with the Securities Act, the Company promptly will promptly notify the Representative Representatives of such event and will promptly prepare and file with the Commission and furnishCommission, at its own expense, to the Underwriters and the dealers and any other dealers upon request of the Representative, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Company will advise the Underwriters promptly of any proposal to amend or supplement the Registration Statement or supplement the Final Prospectus and will not effect such amendment or supplementation without the Underwriters’ consent. Neither the Representative’s Representatives’ consent to, nor the Underwriters’ delivery of, any such amendment or supplement shall constitute a waiver of any of the conditions set forth in Section 7 hereof5.
(d) As soon as practicable, but not later than June 3016 months, 2008after the date of each Terms Agreement, the Company will make generally available to its securityholders an earnings statement (which need not be audited) covering a period of at least 12 months beginning after the later of (i) the effective date of this the registration statement relating to the Registered Securities, (ii) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of such Terms Agreement and satisfying (iii) the date of the Company’s most recent Annual Report on Form 10-K filed with the Commission prior to the date of such Terms Agreement, which will satisfy the provisions of Section 11(a) of the Act and Rule 158Securities Act.
(e) The Company will furnish to the Representative Underwriters copies of the Registration Statement, including all exhibits, any Statutory Prospectusrelated preliminary prospectus, any related preliminary prospectus supplement, the Final Prospectus and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representative Lead Underwriter reasonably requests. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualification of the Offered Securities for sale and the determination of their eligibility for investment under the laws of such jurisdictions as the Representative reasonably Lead Underwriter designates and will continue such qualifications in effect so long as required for the distribution provided that the Company will not be required to qualify as a foreign corporation or to file a general consent to service of process in any such jurisdictiondistribution.
(g) During the period of five years after the date of any Terms Agreement, the Company will furnish to the Representatives and, upon request, to each of the other Underwriters, if any, as soon as practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to the Representatives (i) as soon as available, a copy of each report and any definitive proxy statement of the Company filed with the Commission under the Exchange Act or mailed to stockholders, and (ii) from time to time, such other information concerning the Company as the Lead Underwriter may reasonably request; provided, with respect to clause (ii), that such information is available without undue expense and such Lead Underwriter shall keep any such information on a confidential basis.
(h) The Company agrees to will pay all expenses (together with VAT, where applicable) incidental incident to the performance of its obligations under this the Terms Agreement and each of (including the Indentures, including, subject to receipt of sufficiently itemized accounts (i) the fees, disbursements and expenses of the Company’s legal advisors; (ii) the fees, disbursements and expenses of the Company’s accountants; (iii) the fees, disbursements and expenses of the Underwriters’ legal advisors, Cravath, Swaine & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx; (iv) the fees and expenses of the Trustee or any paying agent and their respective professional advisors; (v) all expenses in connection with the execution, issue, authentication, packaging and initial delivery of the Securities, the preparation and printing provisions of this Agreement, ) and will reimburse the Securities, the Supplemental Indenture Underwriters (if and the New Indenture, the Preliminary Prospectus and the Final Prospectus and amendments and supplements thereto, and any other document relating to the issuance, offer, sale and delivery of the Securities; (viextent incurred by them) the cost of listing the Securities and qualifying the Securities for trading on the Euro MTF Market of the Luxembourg Stock Exchange and any expenses incidental thereto, including those of the Luxembourg listing agent; (vii) the cost of any advertising approved by the Company in connection with the issue of the Securities; (viii) any filing fees and or other expenses (including reasonable fees and disbursements of counsel) incurred by them in connection with qualification of the Registered Securities for sale and determination of their eligibility for investment under the laws of such jurisdictions in Europe, the United States and Canada as the Underwriters Lead Underwriter may designate and the printing of memoranda relating thereto, costs and expenses related to the review by the National Association of Securities Deals Inc. of the Securities; (ix) for any fees charged by investment rating agencies for the rating of the Offered Securities; and (x) expenses incurred in distributing , for any applicable filing fee of the Preliminary Prospectus and the Final Prospectus (including any amendments and supplements thereto) National Association of Securities Dealers, Inc. relating to the Underwriters and expenses incurred Registered Securities, for preparing, printing and distributing any Issuer Free Writing Prospectuses to investors or prospective investors. The Company agrees to pay or reimburse the Underwriters (to the extent incurred by them) for all reasonable travel expenses of the Underwriters and the Company’s officers and employees and any other reasonable expenses of the Underwriters and the Company in connection with attending or hosting meetings with prospective Underwriters purchasers of the Registered Securities from and for expenses incurred in distributing the Prospectus, any preliminary prospectuses, any preliminary prospectus supplements or any other amendments or supplements to the Prospectus to the Underwriters. If the sale of the Securities provided for herein is not consummated because any condition to the obligations of the Underwriters set forth in Section 7 hereof is not satisfied, because this Agreement is terminated or because of any failure, refusal or inability on the part of the Company to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by an Underwriter on its obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company agrees to promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including reasonable fees, disbursements and charges of Cravath, Sxxxxx & Mxxxx LLP, Bxxxxxx Xxxxx Bxxxx and Bxxxxx Xxxx, the Underwriters’ legal advisors) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Securities. The Company shall not be liable to the Underwriters for loss of contemplated profits from the transactions covered by this Agreement. Other than as set forth in this Section 5(h) each of the parties hereto shall bear all out-of-pocket costs and expenses incurred by them. In addition to the foregoing, the Company will also pay the expenses of the Qualified Independent Underwriter.
(h) In connection with the offering, until the Underwriters shall have notified the Company of the completion of the resale of the Securities, neither the Company nor any of its affiliates has or will, either alone or with one or more other persons, bid for or purchase for any account in which it or any of its affiliates has a beneficial interest any Securities or attempt to induce any person to purchase any Securities; and neither they nor any of their affiliates will make bids or purchases for the purpose of creating actual, or apparent, active trading in, or of raising the price of, the Securities.
(i) After the date of the initial offering of the Securities by the Underwriters and until the day which is 90 days after the Closing Date, the The Company will not offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any to United States dollar-denominated debt securities registered under the Securities Act, issued or guaranteed by the Company and having a maturity of more than one year from the date of issue, or any options or derivatives in respect of such debt securities, or publicly disclose the intention to make any such offer, sale, pledge, disposition disposal or filing, without the prior written consent of the Representative; provided that this provision shall not prohibit borrowings under Lead Underwriter for a period beginning at the credit facilities existing on the date hereof or secured financings time of accounts receivables and inventory.
(j) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax that may be imposed by the United States, Luxembourg, the United Kingdom or the Republic of France, including any interest and penalties, that may be payable by the Underwriters on the creation, issuance and sale execution of the Securities Terms Agreement and on ending the execution and delivery number of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received days after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made. If such withholding or deduction of tax is due, the Underwriters and the Company shall promptly co-operate in completing any procedural formalities necessary for the Company to avoid such withholding or deduction of tax. The Company will not be required to pay such additional amounts to a Underwriter if the Company is able to demonstrate that the payment of additional amounts could have been made to the Underwriter without a withholding or deduction of tax had that Underwriter complied with its obligations to cooperate with the Company.
(k) The Company will use its reasonable best efforts to have the Securities admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange and will maintain such listing as long as the Securities are outstanding; provided, however, that if the Company can no longer maintain such listing, the Company will use all reasonable commercial efforts to obtain and maintain the listing of the Securities on another recognized stock exchange.
(l) The Company shall take all reasonable action necessary to enable Standard & Poor’s Ratings Services, a division of the McGraw Hill, Inc. (“S&P”), and Mxxxx’x Investors Service Inc. (“Moody’s”) to provide and/or confirm their respective credit ratings of the Securities.
(m) The Company will cooperate with the Underwriters and use its reasonable best endeavours to permit the Securities to be eligible for clearance and settlement through DTC, including preparation and filing with DTC of a Letter of Representations signed by the Company.
(n) The Company undertakes that, since the provisions of the EU Directive 2003/48/EC dated 3 June 2003 have been implemented with effect from July 1, 2005, it will use its best endeavours to ensure that the Company maintains a paying agent in a European Union member state that will not be obligated to withhold or deduct tax pursuant to such European Union Directive on the taxation of savings income.
(o) The Company will use its reasonable best endeavours to do and perform all things required or necessary to be done and performed under this Agreement by it prior to the Closing Date and to satisfy all conditions precedent to specified under “Blackout” in the delivery of the SecuritiesTerms Agreement.
Appears in 1 contract