Common use of Conditions of the Underwriters’ Obligations Clause in Contracts

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder are subject to the following conditions: (a) The Registration Statement shall have become effective under the Act and, at the Closing Date, no stop order suspending the effectiveness of the Registration Statement or the qualifications of the Shares shall have been issued and no proceedings for that purpose shall have been instituted before or, to the knowledge of the Company or the Representatives, shall be contemplated by the Commission or any state securities or “Blue Sky” commissioner or authority. (b) At each Closing Date, (i) the representations and warranties of the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus or the Prospectus, or any amendment or supplement thereto, shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading; (iii) there shall have been, since the respective dates as of which information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company of such cancellation on or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwise.

Appears in 4 contracts

Samples: Underwriting Agreement (China Electric Motor, Inc.), Underwriting Agreement (ZST Digital Networks, Inc.), Underwriting Agreement (ZST Digital Networks, Inc.)

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Conditions of the Underwriters’ Obligations. The several respective obligations of the several Underwriters hereunder to purchase the Securities are subject to the accuracy, as of the date hereof, at the Closing Date and on each Option Closing Date (as if made on the Closing Date or such Option Closing Date, as applicable), of and compliance in all material respects with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or an Underwriter for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each Closing Date, The Shares and the Warrant Shares shall be qualified for listing on the NASDAQ Capital Market. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement shall be true underwriting terms and correct with arrangements. (d) None of the same effect as if made on and as of such Closing Date and the Company Underwriters shall have performed all of reasonably determined, and advised the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in such Underwriter’s reasonable opinion, is material, or omit omits to state any a fact which, in such Underwriter’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On the Closing Date, there shall have beenbeen furnished to the Underwriters the opinion and negative assurance letter of Xxxxxxx Procter LLP, outside corporate counsel for the Company dated the Closing Date, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. (f) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriters the negative assurance letter of Xxxxxxxxxx Xxxxxxx PC, counsel to the Underwriters, dated the Closing Date or the Option Closing Date, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. (g) The Underwriters shall have received a letter of KPMG LLP on the date hereof and on the Closing Date and on each Option Closing Date, addressed to the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), business, prospects or results the conclusions and findings of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, said firm with respect to the Company’ knowledge, threatened against financial information and other matters required by the Company or any of its Subsidiaries that would be required to be set forth in Underwriters. (h) On the Registration Statement, Closing Date and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at on each Option Closing Date, there shall have been furnished to the Underwriters a certificate of certificate, dated the principal Closing Date and each Option Closing Date, and addressed to the Underwriters, signed by the chief executive officer and the principal chief financial or accounting officer of the Company, dated in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of such the Closing Date and the Option Closing Date, evidencing compliance and the Company has complied with all the provisions of this Subsection 5(b)agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date or the Option Closing Date, and confirming as applicable; (ii) No stop order or other order (A) suspending the accuracy effectiveness of the representations Registration Statement or any part thereof or any amendment thereof, (B) suspending the qualification of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by Securities for offering or sale, or (C) suspending or preventing the Company have been met as use of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration StatementTime of Sale Disclosure Package, any preliminary prospectus or the Prospectus or any amendment or supplement theretoIssuer Free Writing Prospectus, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated herebyhas been issued, and the Company shall have furnished no proceeding for that purpose has been instituted or, to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opiniontheir knowledge, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed is contemplated by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at Commission or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate any state or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company of such cancellation on or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwise.regulatory body; and

Appears in 4 contracts

Samples: Underwriting Agreement (Plug Power Inc), Underwriting Agreement (Plug Power Inc), Underwriting Agreement (Plug Power Inc)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder to purchase the Underwritten Units are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Pricing Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Pricing Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Representative’s satisfaction. (b) At each Closing DateThe Common Stock, the Series A Warrants and the Units shall be qualified for listing on the NASDAQ Capital Market. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Pricing Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus or Section 5(d) Writing, contains an untrue statement of a material fact which, in the Representative’s reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date, there shall have beenbeen furnished to the Representative the opinion and negative assurance letters of Sichenzia Xxxx Xxxxxxxx Xxxxxxx, LLP, dated the Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (g) On the Closing Date, there shall have been furnished to the Representative the opinion letters of [Intellectual Property Counsel], dated the Closing Date and addressed to the Representative, in the form and substance reasonably satisfactory to the Representative. (h) The Representative shall have received a letter of Xxxxxx, LLP, a member of, on the date hereof and on the Closing Date addressed to the Representative, in a form acceptable to the Representative, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2.01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Pricing Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm with respect to the financial information and other matters required by the Representative. (i) On the Closing Date, prospects or results there shall have been furnished to the Representative a certificate, dated the Closing Date and addressed to the Representative, signed by the chief executive officer and the chief financial officer of operations the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and its subsidiariescorrect in all respects, taken and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as a wholeif made at and as of the Closing Date, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Pricing Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at On or before the date hereof, the Representative shall have received duly executed “lock-up” agreements, in a form attached hereto as Exhibit B, between the Representative and each party named on Schedule III. (k) The Representative shall have received on or prior to each the Closing Date in connection with an executed copy of the Series A Warrant and Series B Warrant Agreement, by and between the Company and Interwest Transfer Company, Inc., as warrant agent. (l) The Company shall have furnished to the Representative and its counsel such additional documents, certificates and evidence as the Representative or its counsel may have reasonably requested. (m) On each of the Closing Date of the sale of the Shares shall be reasonably satisfactory in form Underwritten Securities including the Series B Warrants and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the any Option Closing Date, you and such counsel there shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory been issued to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, Underwriters the Registration Statement, Underwriters’ Warrant including the offer and sale of the Shares hereunder, or proceedings at the Closing DateSeries B Warrants. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(vii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 3 contracts

Samples: Underwriting Agreement (Medovex Corp.), Underwriting Agreement (Medovex Corp.), Underwriting Agreement (Medovex Corp.)

Conditions of the Underwriters’ Obligations. The several respective obligations of the several Underwriters hereunder to purchase the Shares and the Warrants are subject to the accuracy, as of the date hereof and at all times through the Closing Date (as if made on the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Final Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Final Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, any state securities Prospectus, the Final Prospectus, any Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the satisfaction of the Representative. (b) At each Closing DateThe Conversion Shares, the Warrant Shares and the shares underlying the Representative Warrant Units shall be approved for listing on the Nasdaq, subject to official notice of issuance. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration StatementSale Disclosure Package, any preliminary prospectus or Prospectus, the Final Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the reasonable opinion of the Representative, is material, or omit omits to state any a fact which, in the reasonable opinion of the Representative, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On the Closing Date, there shall have beenbeen furnished to the Representative on behalf of the Underwriters the opinion and negative assurance letters of Bxxxxxxxxx Hxxxx Fxxxxx Sxxxxxx, LLP, counsel to the Company, dated the Closing Date, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative. (f) On the Closing Date, there shall have been furnished to the Underwriters the negative assurance letter of Ellenoff Gxxxxxxx & Schole LLP, counsel to the Underwriters, dated the Closing Date, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative. (g) The Underwriters shall have received a letter of Hxxx & Associates LLP, on the date hereof and on the Closing Date, addressed to the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth given in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Final Prospectus, except changes as of a date not prior to the date hereof or more than five days prior to the date of such letter), the conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriters. (h) On the Closing Date there shall have been furnished to the Underwriters a certificate, dated the Closing Date and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied in all material respects with all the agreements and satisfied all the conditions on its part required to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (ji) All proceedings taken at On or prior to each Closing Date in connection with before the sale of date hereof, the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel Representative shall have received duly executed lock-up agreement, substantially in the form of Exhibit A hereto (each a “Lock-Up Agreement”) in the form set forth on Exhibit A hereto, by and every between the Representative Underwriters and each of the parties specified in Schedule IV. (j) The Company shall have furnished to the Underwriters and their counsel such additional documentdocuments, letter, opinion, certificate certificates and evidence as the Underwriters or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such their counsel may have reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 3 contracts

Samples: Underwriting Agreement (Real Goods Solar, Inc.), Underwriting Agreement (Real Goods Solar, Inc.), Underwriting Agreement (Real Goods Solar, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder to purchase the Units are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriters for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each Closing DateThe Units, the Shares and the Warrants shall be qualified for listing on the OTC BB. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Underwriters shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Underwriters’ reasonable opinion, is material, or omit omits to state any a fact which, in the Underwriters’ reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; (iii) there shall have been, since the respective dates as of which information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you or after the date hereof (i) no downgrading shall have received occurred in the signed opinion, dated as rating accorded any of such date, of K&L Gates LLP, counsel to the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, in form reasonably satisfactory to counsel for the Underwritersand (ii) no such organization shall have publicly announced that it has under surveillance or review, together with signed or photostatic copies thereof for each possible negative implications, its rating of any of the other UnderwritersCompany’s securities. (f) At On the time of the signing of this Agreement Closing Date and on each Option Closing Date, you there shall have received a signed letterbeen furnished to the Underwriters the opinion and negative assurance letters of Xxxxxx Beach PLLC, dated, respectivelydated the Closing Date or the Option Closing Date, as of each such dateapplicable, from Xxxxxxxx & Company Certified Public Accountants PC, and addressed to the Underwriters (with executed copies for each of Underwriters, in form and substance reasonably satisfactory to the Underwriters) , to the effect set forth in the form heretofore approved by counsel for the UnderwritersSchedule IV. (g) As On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriters the opinion and negative assurance letters of the effective date of the Registration StatementXxxxxxx X. Xxxxxxxx, the Common Stock shall be listed on Company’s IP counsel, dated the NASDAQ Global MarketClosing Date or the Option Closing Date, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect as applicable, and addressed to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this AgreementUnderwriters, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counselthe Underwriters, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company of such cancellation on or prior to the applicable Closing Date. The Representatives may effect set forth in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwise.Schedule V.

Appears in 3 contracts

Samples: Underwriting Agreement (Lucid Inc), Underwriting Agreement (Lucid Inc), Underwriting Agreement (Lucid Inc)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder to purchase the Underwritten Units are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Pricing Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Pricing Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Representative’s satisfaction. (b) At each Closing DateThe Common Stock, the Warrants and the Units shall be qualified for listing on the NASDAQ Capital Market. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Pricing Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus or Section 5(d) Writing, contains an untrue statement of a material fact which, in the Representative’s reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date, there shall have beenbeen furnished to the Representative the opinion and negative assurance letters of Haxxxx xnd Boxxx, LLP, dated the Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (g) On the Closing Date, there shall have been furnished to the Representative the opinion letters of [Israeli Counsel], dated the Closing Date and addressed to the Representative, in the form and substance reasonably satisfactory to the Representative. (h) On the Closing Date, there shall have been furnished to the Representative the opinion letters of [Intellectual Property Counsel], dated the Closing Date and addressed to the Representative, in the form and substance reasonably satisfactory to the Representative. (i) The Representative shall have received a letter of Koxx Xoxxx Xaxxxx & Kasierer, a member of Ernst & Young Global, on the date hereof and on the Closing Date addressed to the Representative, in a form acceptable to the Representative, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2.01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Pricing Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm with respect to the financial information and other matters required by the Representative. (j) On the Closing Date, prospects or results there shall have been furnished to the Representative a certificate, dated the Closing Date and addressed to the Representative, signed by the chief executive officer and the chief financial officer of operations the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and its subsidiariescorrect in all respects, taken and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as a wholeif made at and as of the Closing Date, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Pricing Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (jk) All proceedings taken at On or before the date hereof, the Representative shall have received duly executed “lock-up” agreements, in a form attached hereto as Exhibit B, between the Representative and each party named on Schedule III. (l) The Representative shall have received on or prior to each the Closing Date in connection with an executed copy of the Warrant Agreement, by and between the Company and VCorp. LLC, as warrant agent. (m) The Company shall have furnished to the Representative and its counsel such additional documents, certificates and evidence as the Representative or its counsel may have reasonably requested. (n) On each of the Closing Date of the sale of the Shares shall be reasonably satisfactory in form Underwritten Securities and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the any Option Closing Date, you and such counsel there shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory been issued to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, Underwriters the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing DateUnderwriters’ Warrant. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(vii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 3 contracts

Samples: Underwriting Agreement (NanoVibronix, Inc.), Underwriting Agreement (NanoVibronix, Inc.), Underwriting Agreement (NanoVibronix, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of each Underwriter hereunder to purchase the Underwriters hereunder Securities are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each Closing DateThe Firm Shares, Warrant Shares, Additional Shares and Conversion Shares shall be qualified for listing on the NYSE MKT. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Representative’s reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; (iiie) Between the date hereof and the Closing Date (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the applicable Closing Date, there shall have beenbeen furnished to the Representative the opinion and negative assurance letters of Pillsbury Xxxxxxxx Xxxx Xxxxxxx LLP, corporate counsel for the Company, dated as of the applicable Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (g) On the applicable Closing Date, there shall have been furnished to the Representative an opinion and negative assurance letter from XxXxxxxxx Will & Xxxxx LLP, the Company’s intellectual property counsel, dated as of the applicable Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (h) On the Closing Date, there shall been furnished to the Representative a negative assurance letter from Xxxxx, Xxxxx, Xxxx, Xxxxxx, Xxxxxxx and Xxxxx, P.C., counsel to the Underwriters, dated as of the Closing Date and addressed to the Representative, in form and substance reasonable satisfactory to the Representative. (i) The Representative shall have received a letter of Xxxx Xxxxxx Xxxxx, Inc., on the date hereof and on the applicable Closing Date addressed to the Representative, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm, prospects or results of operations of the type ordinarily included in accountants’ “comfort letters” to underwriters, with respect to the financial information, including any financial information contained in Exchange Act Reports filed by the Company and its subsidiaries, taken as a whole, from that set forth or incorporated by reference in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus, except changes and other matters required by the Representative. (j) On the applicable Closing Date, there shall have been furnished to the Representative a certificate, dated the Closing Date and addressed to the Representative, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (jk) All proceedings taken at On or prior to before the date hereof, the Representative shall have received duly executed “lock-up” agreements, in the form attached hereto as Schedule III, between the Representative and each Closing Date in connection with the sale of the Shares parties set forth on Schedule IV hereto. (l) The Representative shall be reasonably satisfactory in form and substance to you and counsel to have received copies of the several Underwriters, and at Warrants executed by the time of signing this Agreement and on Company. (m) On the Closing Date, you the Company shall have delivered to the Representative executed copies of the Representative’s Warrant Agreement. (n) The Common Stock shall be registered under the Exchange Act and shall be listed on the NYSE MKT, and the Company shall not have taken any action designed to terminate, or likely to have the effect of terminating, the registration of the Common Stock under the Exchange Act or delisting or suspending from trading the Common Stock from the NYSE MKT, nor shall the Company have received any information suggesting that the Commission is contemplated terminating such registration or listing. (o) The Company shall have furnished to the Representative and its counsel such additional documents, certificates and evidence as the Representative or its counsel may have reasonably requested. (p) On the Closing Date, the Firm Shares and the Preferred Shares shall have been delivered via the Depository Trust Company system to the accounts of the Underwriters. (q) On the Closing Date, the Underwriters shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale evidence of the Shares hereunder, or proceedings at filing and acceptance of the Closing DateCertificate of Designation from the Secretary of State of Delaware. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(vii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (BioPharmX Corp), Underwriting Agreement (BioPharmX Corp)

Conditions of the Underwriters’ Obligations. The several obligations obligation of the Underwriters Underwriter hereunder to purchase the Shares are subject to the accuracy, as of the date hereof and at the Closing Date, and on each Option Closing Date (as if made on the Closing Date or such Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rules 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriter for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriter’s satisfaction. (b) At each Closing DateThe Shares shall be qualified and approved for listing on Nasdaq, subject to official notice of issuance. (c) FINRA shall have raised no objection to the fairness and reasonableness of the underwriting terms and arrangements. (d) The Underwriter shall not have reasonably determined, and advised the Company, that the Registration Statement, the Time of Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, or any Issuer Free Writing Prospectus, contains an untrue statement of fact which, in the Underwriter’s reasonable opinion, is material, or omits to state a fact which, in the Underwriter’s reasonable opinion, is material and is required to be stated therein or necessary to make the statements therein not misleading (e) On or after the date hereof, (i) no downgrading shall have occurred in the representations and warranties rating, if any, accorded any of the Company Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriter, for its benefit, the opinion and negative assurance letters of Txxxxxxx Pxxxxx Xxxxxxxx Sxxxxxx LLP, counsel for the Company, in form and substance reasonably satisfactory to the Underwriter. (g) On the Closing Date and on each Option Closing Date, there shall been furnished to the Underwriter, for its benefit, a negative assurance letter from its counsel, Cxxxxxx & Mxxxxx LLP, dated as of the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (h) The Underwriter shall have received a letter from Wxxxxxxx & Company, on the date hereof, on the Closing Date and on each Option Closing Date, addressed to the Underwriter, confirming that they are independent registered public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the Registration Statement, the Time of Sale Disclosure Package or the Prospectus, as of a date not prior to the date hereof or more than five days prior to the date of such letter), the conclusions and findings of said firm, of the type ordinarily included in accountants’ “comfort letters” to underwriters, with respect to the financial information, including any financial information contained in this Agreement shall be true Exchange Act Reports filed by the Company or incorporated by reference in the Registration Statement, the Time of Sale Disclosure Package and correct with the same effect as if made on Prospectus, and as other matters required by the Underwriter. (i) Prior to each of such the Closing Date and the Company Option Closing Date, if any: (i) there shall have performed all been no material adverse change or development involving a material adverse change in the condition or prospects or the business activities, financial or otherwise, of the obligations Company from the latest dates as of which such condition is set forth in the Registration Statement, the Time of Sale Disclosure Package, and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing DateProspectus; (ii) no action, suit, or proceeding, at law or in equity, shall have been pending or threatened against the Company before or by any court or foreign, federal, or state commission, board, or other administrative agency wherein an unfavorable decision, ruling, or finding may have a Material Adverse Effect on the business, operations, prospects, or financial condition or income of the Company, except as set forth in the Registration Statement, the Time of Sale Disclosure Package, and Prospectus; and (iii) the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package, and the Prospectus and any amendments or supplements thereto shall contain all material statements which are required to be stated therein in accordance with the Act and the Regulations and shall conform in all material respects conform to the requirements of the Act and the Rules and Regulations, and neither none of the Registration Statement, any preliminary prospectus the Time of Sale Disclosure Package, or the Prospectus, or any amendment or supplement thereto, thereto shall contain any untrue statement of a material fact or omit omits to state any material fact required to be stated therein or necessary to make the statements therein (in the case of the Time of Sale Disclosure Package and Prospectus, in the light of the circumstances under which they were made), not misleading. (j) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriter, for its benefit, a certificate, dated as of the Closing Date, and as of each Option Closing Date, as applicable, and addressed to the Underwriter, signed by the chief executive officer and the principal financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date or the Option Closing Date, as applicable, and the Company has complied in all material respects with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date or the Option Closing Date, as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof, (B) suspending the qualification of the Shares for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to their knowledge, is contemplated by the Commission or any state or regulatory body; and (iii) there shall have been, since the respective dates as There has been no occurrence of which information is given, no material adverse change in the condition (financial any event resulting or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (jk) All proceedings On or before the date hereof, the Underwriter shall have received duly executed “lock-up” agreements, in the form attached hereto as Schedule III, between the Underwriter and each of the parties set forth on Schedule IV hereto. (l) The Common Stock shall be registered under the Exchange Act and shall be listed on Nasdaq, and the Company shall not have taken at any action designed to terminate, or prior likely to each have the effect of terminating, the registration of the Common Stock under the Exchange Act or delisting or suspending from trading the Common Stock from Nasdaq, nor shall the Company have received any information suggesting that the Commission is contemplated terminating such registration or listing. (m) The Company shall have furnished to the Underwriter and its counsel such additional documents, certificates and evidence as the Underwriter or its counsel may have reasonably requested. (n) On the Closing Date in connection with the sale of and on each Option Closing Date, the Shares shall be reasonably satisfactory in form and substance to you and counsel have been delivered via the Depository Trust Company system to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale account of the Shares hereunder, or proceedings at the Closing DateUnderwriter. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriter by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(x), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (Verb Technology Company, Inc.), Underwriting Agreement (Verb Technology Company, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of each Underwriter hereunder to purchase the Underwriters hereunder Securities are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462(b) Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representatives for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each Closing DateThe Shares, the Pre-Funded Warrant Shares and the Warrant Shares shall be qualified and approved for listing on Nasdaq. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representatives shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the reasonable opinion of the Representatives, is material, or omit omits to state any a fact which, in the reasonable opinion of the Representatives, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; (iiie) Between the date hereof and the Closing Date (A) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical rating organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (B) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date, there shall have beenbeen furnished to the Representatives the opinion and negative assurance letter of Lxxxxxxxxx Xxxxxxx LLP, counsel for the Company, dated as of the Closing Date and addressed to the Representatives as representatives of the Underwriters, in form and substance reasonably satisfactory to the Representatives. (g) The Representatives shall have received a letter of KMPG LLP, on the date hereof and on the Closing Date, addressed to the Representatives as representatives of the Underwriters, in form and substance reasonably satisfactory to the Representatives, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm, prospects or results of operations of the type ordinarily included in accountants’ “comfort letters” to underwriters, with respect to the financial information, including any financial information contained in the SEC Reports filed by the Company and its subsidiaries, taken as a whole, from that set forth or incorporated by reference in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus, except changes and other matters required by the Representatives. (h) On the Closing Date, there shall have been furnished to the Representatives a certificate, dated the Closing Date and addressed to the Representatives as representatives of the Underwriters, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each after the date of this Agreement and prior to the Closing Date. (i) On the Closing Date, there shall have been furnished to the Representatives a certificate certificate, dated the Closing Date and addressed to the Representatives as representatives of the principal executive officer and Underwriters, signed by the principal financial or accounting secretary of the Company, in such person’s capacity as an officer of the Company, dated as of such Closing Date, evidencing compliance with to the provisions of this Subsection 5(b), and confirming the accuracy effect that: (i) that each of the representations certificate of incorporation, as amended and the amended and restated bylaws of the Company set forth is true and complete, has not been modified and is in Section 1 hereof full force and confirming effect; (ii) that the resolutions of the Company’s Board of Directors relating to the Offering are in full force and effect and have not been modified; (iii) as to the accuracy and completeness of all conditions set forth herein to be met by correspondence between the Company have been met or its counsel and with each of the Commission and Nasdaq; and (iv) as to the incumbency of the officers of the Company. The documents referred to in such datecertificate shall be attached to such certificate. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (dj) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At before the date of this Agreementhereof, the Representatives shall have received an agreement substantially duly executed “lock-up” agreements, in the form attached hereto as Exhibit C, between the Representatives and each of Annex A hereto signed the parties set forth on Schedule IV hereto. (k) The Representatives shall have received electronic copies of the Pre-Funded Warrants and Warrants executed by the persons Company. (l) The Common Stock shall be registered under the Exchange Act and shall be listed on Schedule B heretoNasdaq, and the Company shall not have taken any action designed to terminate, or likely to have the effect of terminating, the registration of the Common Stock under the Exchange Act or delisting or suspending from trading the Common Stock from Nasdaq, nor shall the Company have received any information suggesting that the Commission is contemplated terminating such agreements shall be in full force and effect on registration or listing. (m) On the Closing Date, the Firm Shares shall have been delivered via the Depository Trust Company system to the accounts of the Underwriters. (jn) All proceedings taken at or prior The Company shall have furnished to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you Representatives and counsel to the several UnderwritersUnderwriters such additional documents, certificates and at evidence as the time of signing this Agreement and on Representatives or counsel to the Closing Date, you and such counsel shall Underwriters may have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(xi), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (Sonnet BioTherapeutics Holdings, Inc.), Underwriting Agreement (Sonnet BioTherapeutics Holdings, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of each Underwriter hereunder to purchase the Underwriters hereunder Shares are subject to the accuracy, as of the date hereof and at any Closing Date (as if made at such Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each Closing Date, The Shares shall be qualified and approved for listing on the NYSE. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Representative’s reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) Between the date hereof and any Closing Date (A) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (B) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the applicable Closing Date, there shall have beenbeen furnished to the Representative the opinion and negative assurance letters of DLA Piper LLP (US), corporate counsel for the Company, dated as of the applicable Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (g) On the applicable Closing Date, there shall been furnished to the Representative a negative assurance letter from Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., counsel to the Underwriters, dated as of the applicable Closing Date and addressed to the Representative, in form and substance reasonable satisfactory to the Representative. (h) The Representative shall have received a letter from each of Xxxxxx & Xxxxx, PLLC, X. X. Xxxxxxx & Co. and Xxxxxx Xxxx & X’Xxxxxxx LLP on the date hereof and on the applicable Closing Date addressed to the Representative, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm, prospects or results of operations of the type ordinarily included in accountants’ “comfort letters” to underwriters, with respect to the financial information, including any financial information contained in Exchange Act Reports filed by the Company and its subsidiaries, taken as a whole, from that set forth or incorporated by reference in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus, except changes and other matters required by the Representative. (i) On the applicable Closing Date, there shall have been furnished to the Representative a certificate, dated the applicable Closing Date and addressed to the Representative, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the applicable Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the applicable Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementShares for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings On or before the date hereof, the Representative shall have received duly executed “lock-up” agreements, in the form attached hereto as Exhibit A, between the Representative and each of the parties set forth on Schedule IV hereto. (k) The Common Stock shall be registered under the Exchange Act and shall be listed on the NYSE, and the Company shall not have taken at any action designed to terminate, or prior likely to each have the effect of terminating, the registration of the Common Stock under the Exchange Act or delisting or suspending from trading the Common Stock from the NYSE, nor shall the Company have received any information suggesting that the Commission is contemplated terminating such registration or listing. (l) The Company shall have furnished to the Representative and its counsel such additional documents, certificates and evidence as the Representative or its counsel may have reasonably requested. (m) On the applicable Closing Date in connection with the sale of Date, the Shares shall be reasonably satisfactory in form and substance to you and counsel have been delivered via the Depository Trust Company system to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale accounts of the Shares hereunder, or proceedings at the Closing DateUnderwriters. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(xi), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (UpHealth, Inc.), Underwriting Agreement (UpHealth, Inc.)

Conditions of the Underwriters’ Obligations. The several respective obligations of the several Underwriters hereunder to purchase the Shares and the Warrants are subject to the accuracy, as of the date hereof and at all times through the Closing Date, and on each Option Closing Date (as if made on the Closing Date or such Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Final Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Final Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriters for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, any state securities Prospectus, the Final Prospectus, any Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the satisfaction of the Underwriters. (b) At each Closing DateThe Shares and the Warrant Shares shall be approved for listing on the Nasdaq, subject to official notice of issuance. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Underwriters shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration StatementSale Disclosure Package, any preliminary prospectus or Prospectus, the Final Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the reasonable opinion of the Underwriters, is material, or omit omits to state any a fact which, in the reasonable opinion of the Underwriters, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date and on each Option Closing Date, there shall have beenbeen furnished to the Underwriters the opinion and negative assurance letters of Xxxxxx LLP, counsel to the Company, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. (g) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriters the negative assurance letter of Xxxxxxxxxx Xxxxxxx LLP, counsel to the Underwriters, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to Underwriters. (h) The Underwriters shall have received a letter of Xxxxx Xxxxxxx XxXxxx P.C., on the date hereof and on the Closing Date and on each Option Closing Date, addressed to the Underwriters, confirming that they are independent registered public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth given in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Final Prospectus, except changes as of a date not prior to the date hereof or more than five days prior to the date of such letter), the conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriters. (i) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriters a certificate, dated the Closing Date and on each Option Closing Date and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date and on the Option Closing Date, and the Company has complied in all material respects with all the agreements and satisfied all the conditions on its part required to be performed or satisfied at or prior to the Closing Date or on the Option Closing Date, as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you after the date of this Agreement and prior to the Closing Date or on the Option Closing Date, as applicable. (j) On or before the date hereof, the Underwriters shall have received at duly executed lock-up agreement, substantially in the form of Exhibit A hereto (each Closing Datea “Lock-Up Agreement”), a certificate from each of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth parties specified in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date.Schedule V. (ck) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the The Company shall have furnished to such the Underwriters and their counsel such documents additional documents, certificates and evidence as they the Underwriters or their counsel may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriters by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive Date or on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Option Closing Date, an Additional Closing Date or otherwiseas applicable, and such termination shall be without liability of any party to any other party, except that Section 5(a)(viii), Section 7 and Section 9 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (Biocept Inc), Underwriting Agreement (Biocept Inc)

Conditions of the Underwriters’ Obligations. The several obligations of each Underwriter hereunder to purchase the Underwriters hereunder Securities are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462(b) Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each Closing DateThe Shares, the Pre-Funded Warrant Shares and Warrant Shares shall be qualified and approved for listing on Nasdaq. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Representative’s reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; (iiie) Between the date hereof and the Closing Date (A) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical rating organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (B) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date, there shall have beenbeen furnished to the Representative the opinion and negative assurance letter of Faegre Drinker Xxxxxx & Xxxxx LLP, corporate counsel for the Company, dated as of the Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (g) On the Closing Date, there shall have been furnished to the Representative an opinion from Xxx Xxxxxxxx, Registered Patent Attorney, P.A., the Company’s intellectual property counsel, dated as of the Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (h) On the Closing Date, there shall have been furnished to the Representative a negative assurance letter from Xxxxxxxxxx Xxxxxxx LLP, counsel to the Underwriters, dated as of the Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (i) The Representative shall have received a letter of Ernst & Young LLP, on the date hereof and on the Closing Date addressed to the Representative, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S‑X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm, prospects or results of operations of the type ordinarily included in accountants’ “comfort letters” to underwriters, with respect to the financial information, including any financial information contained in the SEC Reports filed by the Company and its subsidiaries, taken as a whole, from that set forth or incorporated by reference in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus, except changes and other matters required by the Representative. (j) On the Closing Date, there shall have been furnished to the Representative a certificate, dated the Closing Date and addressed to the Representative, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (jk) All proceedings taken at On or prior to before the date hereof, the Representative shall have received duly executed “lock-up” agreements, in the form attached hereto as Schedule III, between the Representative and each Closing Date in connection with the sale of the Shares parties set forth on Schedule IV hereto. (l) The Representative shall have received electronic copies of the Pre-Funded Warrants and/or Warrants executed by the Company. (m) The Common Stock shall be reasonably satisfactory in form registered under the Exchange Act and substance shall be listed on Nasdaq, and the Company shall not have taken any action designed to you and counsel terminate, or likely to have the effect of terminating, the registration of the Common Stock under the Exchange Act or delisting or suspending from trading the Common Stock from Nasdaq, nor shall the Company have received any information suggesting that the Commission is contemplated terminating such registration or listing. (n) The Company shall have furnished to the several UnderwritersRepresentative and its counsel such additional documents, certificates and at evidence as the time of signing this Agreement and on Representative or its counsel may have reasonably requested. (o) On the Closing Date, you and such counsel the Shares shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory been delivered via the Depository Trust Company system to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale accounts of the Shares hereunder, or proceedings at the Closing DateUnderwriters. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(xi), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (Brickell Biotech, Inc.), Underwriting Agreement (Brickell Biotech, Inc.)

Conditions of the Underwriters’ Obligations. The several respective obligations of the several Underwriters hereunder to purchase the Shares are subject to the accuracy, as of the date hereof and at each Closing Date (as if made on such Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Final Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations: (i) the Company shall have filed the Final Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or Rule 164(b) under the Securities Act); (ii) the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; (iii) no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Final Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; (iv) no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; and (v) any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, any state securities Prospectus, any Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Representative’s satisfaction. (b) At On each Closing Date, there shall have been furnished to the Representative the opinion (including a negative assurance statement) of counsel for the Company, dated the applicable Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (c) On the date hereof, the Representative shall have received a letter from Xxxxxx and Xxxxxxx, L.L.P., dated the date hereof, addressed to the Representative, confirming that they are an independent public accounting firm within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2‑01 of Regulation S‑X of the Commission, and confirming, as of the date of such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the Time of Sale Disclosure Package, as of a date not more than five days prior to the date of such letter), the conclusions and findings of said firms, of the type ordinarily included in accountants’ “comfort letters” to underwriters, with respect to the financial information, including any financial information contained in any Exchange Act filing filed by the Company, and other matters required by the Representative. (d) On each Closing Date, the Representative shall have received a letter (a “Bring-down Letter”) from Xxxxxx and Xxxxxxx, L.L.P., addressed to the Representative and dated the applicable Closing Date, confirming, as of the date of such Bring-down Letters (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the Time of Sale Disclosure Package, as of a date not more than five days prior to the date of such Bring-down Letters), the conclusions and findings of said firms, of the type ordinarily included in accountants’ “comfort letters” to underwriters, with respect to the financial information, and other matters covered by its respective letter delivered to the Representative concurrently with the execution of this Agreement pursuant to Section 6(c) above. (e) On each Closing Date, there shall have been furnished to the Representative a certificate, dated the applicable Closing Date and addressed to the Representative, signed by the Chief Executive Officer and the Chief Financial Officer of the Company, in their capacity as officers of the Company, to the effect that: (i) the representations and warranties of the Company contained in this Agreement shall be are true and correct with the same effect correct, in all material respects, as if made on at and as of such Closing Date Date, and the Company shall have performed all of the obligations and has complied with all of the agreements and satisfied all the conditions hereunder on its part to be performed or complied with on satisfied at or prior to the such Closing Date, in each case in all material respects; (ii) no stop order or other order: (A) suspending the effectiveness of the Registration Statement, each preliminary prospectus and the Prospectus and Statement or any amendments or supplements thereto shall in all material respects conform to the requirements of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus or the Prospectus, part thereof or any amendment thereof; (B) suspending the qualification of the Shares for offering or supplement theretosale; or (C) suspending or preventing the use of the Time of Sale Disclosure Package, shall contain any untrue statement of a material fact Prospectus, the Final Prospectus or omit any Issuer Free Writing Prospectus has been issued, and no proceeding for that purpose has been instituted or, to their knowledge, is contemplated by the Commission or any state any material fact required to be stated therein or necessary to make the statements therein not misleadingregulatory body; and (iii) there shall have been, since the respective dates as has been no occurrence of which information is given, no material adverse change in the condition (financial any event resulting or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each after the date of this Agreement and prior to the applicable Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (cf) No Underwriter The Common Stock shall have discovered be registered under the Exchange Act and disclosed to shall be listed on the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated herebyExchange, and the Company shall not have furnished taken any action designed to such counsel such documents as they may terminate, or likely to have reasonably requested for the purpose effect of enabling them to pass upon such matters. (e) On each Closing Date you terminating, the registration of the Common Stock under the Exchange Act or delisting or suspending from trading the Common Stock from the Exchange, nor shall the Company have received any information suggesting that the signed opinion, dated as of Commission is contemplating terminating such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed registration or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriterslisting. (g) As On or before the date hereof, the Representative shall have received duly executed lock-up agreements (each a “Lock-Up Agreement”) in substantially the form set forth on Schedule III hereto, by and between the Representative and each of the effective date of the Registration Statement, the Common Stock shall be listed parties specified on the NASDAQ Global Market, subject to official notice of issuanceSchedule IV hereto. (h) FINRA shall not have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offeringrelating to the issuance and sale of the Shares. (i) At the date of this Agreement, the Representatives The Shares shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect been approved for listing on the Closing DateExchange, subject to official notice of issuance. (j) All proceedings taken at or prior The Company shall have furnished to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you Representative and counsel to for the several UnderwritersUnderwriters such additional documents, certificates and at evidence as the time of signing this Agreement and on Representative or counsel for the Closing Date, you and such counsel shall Underwriters may have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may Date and such termination shall be without liability of any party to any other party, except that Section 5(j), Section 7 and Section 8 hereof shall survive any such termination and remain in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwisefull force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (HighPeak Energy, Inc.), Underwriting Agreement (HighPeak Energy, Inc.)

Conditions of the Underwriters’ Obligations. The several Underwriter’s obligations to act as agent of the Underwriters Company hereunder are and to find purchasers for the Units shall be subject to the accuracy, as of the Closing Date, of the representations and warranties on the part of the Company herein contained, to the fulfillment of or compliance by the Company with all covenants and conditions hereof, and to the following additional conditions: (a) The Registration Statement shall have become effective under the Act and, at 8.01. On or prior to the Closing Date, no stop order suspending the effectiveness of offers or sales pursuant to the Registration Statement or the qualifications of the Shares shall have been issued and no proceedings for that purpose shall have been instituted before or, to the knowledge of the Company or the Representatives, shall be contemplated initiated by the Commission or any state securities or “Blue Sky” commissioner or authority. (b) At each Closing Date, (i) the representations regulatory agency and warranties of the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus or the Prospectus, or any amendment or supplement thereto, shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the no statements therein not misleading; (iii) there shall have been, since the respective dates as of which information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and Statement nor any amendment thereto shall have been included to which counsel to the Prospectus, except changes Underwriter shall have not given their consent which consent shall not be unreasonably withheld. 8.02. The Underwriter shall not have disclosed in writing to the Company that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment thereof or supplement thereto, thereto contains an untrue statement of a fact that which, in the reasonable opinion of counsel to the Representatives Underwriter, is material, or omits to state any a fact which, in the reasonable opinion of such counsel, is material fact and is required to be stated therein therein, or is necessary in order to make the statements therein not misleading. (d) On each 8.03. Between the date hereof and the Closing Date you Date, the Company shall not have received a signed opinionsustained any loss on account of terrorist activity, dated as fire, explosion, flood, accident, calamity or any other cause, of such datecharacter as to materially adversely affect its business or property considered as an entity. 8.04. Between the date hereof and the Closing Date, there shall be no litigation or proceeding instituted against the Company before or by any federal or state commission, regulatory body or administrative agency or other governmental body, domestic or foreign, wherein an unfavorable final and non-appealable ruling, decision or finding would materially adversely affect the business, franchises, licenses, operations, financial condition or income of Xxxxxxthe Company considered as a whole. 8.05. The authorization of the Securities, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of Registration Statement and all corporate proceedings and other legal matters relating incident thereto and to this Agreement and shall be reasonably satisfactory in all respects to counsel to the transactions contemplated herebyUnderwriter, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling to enable them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel matter referred to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company of such cancellation on or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwisesubparagraph.

Appears in 2 contracts

Samples: Underwriting Agreement (Zion Oil & Gas Inc), Underwriting Agreement (Zion Oil & Gas Inc)

Conditions of the Underwriters’ Obligations. The several obligations of each Underwriter hereunder to purchase the Underwriters hereunder Securities are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462(b) Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriter for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriter’s satisfaction. (b) At each Closing Date, (i) Nasdaq shall have raised no objection to the representations and warranties qualification for listing of the Company contained in this Agreement shall be true and correct with Shares, the same effect as if made on and as of such Closing Date Pre-Funded Warrant Shares and the Company Warrant Shares on Nasdaq. (c) FINRA shall have performed all raised no objection to the fairness and reasonableness of the obligations underwriting terms and complied with all of arrangements. (d) The Underwriter shall not have reasonably determined, and advised the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Underwriter’s reasonable opinion, is material, or omit omits to state any a fact which, in the Underwriter’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; (iiie) Between the date hereof and the Closing Date (A) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical rating organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (B) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date, there shall have beenbeen furnished to the Underwriter the opinion and negative assurance letter of Xxxxx, Xxxxx, Xxxx, Xxxxxx, Xxxxxxx and Xxxxx, P.C., corporate counsel for the Company, dated as of the Closing Date and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (g) On the Closing Date, there shall have been furnished to the Underwriter the opinion of XxXxxxxx & English, LLP, intellectual property counsel for the Company, dated as of the Closing Date and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (h) The Underwriter shall have received a letter of KPMG LLP, on the date hereof and on the Closing Date, addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm, prospects or results of operations of the type ordinarily included in accountants’ “comfort letters” to underwriters, with respect to the financial information, including any financial information contained in the SEC Reports filed by the Company and its subsidiaries, taken as a whole, from that set forth or incorporated by reference in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus, except changes and other matters required by the Underwriter. (i) On the Closing Date, there shall have been furnished to the Underwriter a certificate, dated the Closing Date and addressed to the Underwriter, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on On the Closing Date, you there shall have been furnished to the Underwriter a certificate, dated the Closing Date and addressed to the Underwriter, signed by the secretary of the Company, in such person’s capacity as an officer of the Company, to the effect that: (i) that each of the certificate of incorporation, as amended and the amended and restated bylaws of the Company is true and complete, has not been modified and is in full force and effect; (ii) that the resolutions of the Company’s Board of Directors relating to the Offering are in full force and effect and have not been modified; (iii) as to the accuracy and completeness of all correspondence between the Company or its counsel and with each of the Commission and Nasdaq; and (iv) as to the incumbency of the officers of the Company. The documents referred to in such certificate shall be attached to such certificate. (k) On or before the date hereof, the Underwriter shall have received duly executed “lock-up” agreements, in the form attached hereto as Exhibit C, between the Underwriter and each of the parties set forth on Schedule III hereto. (l) The Underwriter shall have received electronic copies of the Pre-Funded Warrants and every additional documentWarrants executed by the Company. (m) The Common Stock shall be registered under the Exchange Act and shall be listed on Nasdaq, letterand the Company shall not have taken any action designed to terminate, opinion, certificate or other item dated and executed in a manner reasonably satisfactory likely to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectushave the effect of terminating, the Prospectus, the Registration Statement, the offer and sale registration of the Shares hereunderCommon Stock under the Exchange Act or delisting or suspending from trading the Common Stock from Nasdaq, nor shall the Company have received any information suggesting that the Commission is contemplated terminating such registration or proceedings at listing. (n) On the Closing Date, the Shares shall have been delivered via the Depository Trust Company system to the accounts of the Underwriter. (o) The Company shall have furnished to the Underwriter and its counsel such additional documents, certificates and evidence as the Underwriter or its counsel may have reasonably requested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriter by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(xi) and Section 7 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (Synlogic, Inc.), Underwriting Agreement (Synlogic, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the several Underwriters hereunder to purchase the Underwritten Shares are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If the filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) promulgated under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Pricing Disclosure Package or the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; and any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Pricing Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Representative’s satisfaction. (b) At each Closing Date, The Shares shall be qualified for listing on the Nasdaq Capital Market. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Underwriters shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Pricing Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus or Section 5(d) Writing, contains an untrue statement of a material fact which, in the Representative’s reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; misleading and the Company shall not have promptly taken such action as is necessary to cure such untrue statement of material fact or material omission of fact. (iiie) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date, there shall have beenbeen furnished to the Representative the opinion letter of Summit Law Group, since PLLC, dated the respective dates as of which information is givenClosing Date and addressed to the Underwriters, no material adverse change in form and substance reasonably satisfactory to the condition (financial or otherwise)Representative, business, prospects or results of operations of to the Company and its subsidiaries, taken as a whole, from that effect set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and Schedule III hereto. (ivg) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you The Representative shall have received at each Closing Date, a certificate on and as of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLPDxxxxxxxx Wxxxxx PLLC, counsel to for the several UnderwritersRepresentative, with respect to such matters as the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated herebyUnderwriters may reasonably request, and the Company such counsel shall have furnished to such counsel received such documents and information as they may have reasonably requested for the purpose of enabling request to enable them to pass upon such matters. (eh) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you The Representative shall have received a signed letterletter of Pxxxxxxx Sxxxxxxx LLP, datedon the date hereof and on the Closing Date addressed to the Underwriters, respectivelyconfirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such dateletter (or, from Xxxxxxxx & Company Certified Public Accountants PCwith respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the Pricing Disclosure Package, addressed as of a date not prior to the Underwriters (date hereof or more than five days prior to the date of such letter), the conclusions and findings of said firm with executed copies for each of respect to the Underwriters) in the form heretofore approved financial information and other matters required by counsel for the Underwriters. (gi) As On the Closing Date, there shall have been furnished to the Representative a certificate, dated the Closing Date and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of the effective date Company, in their capacity as officers of the Registration StatementCompany, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering.effect that: (i) At The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof, (B) suspending the qualification of the Shares for offering or sale, or (C) suspending or preventing the use of the Pricing Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to their knowledge, is contemplated by the Commission or any state or regulatory body; and (iii) There has been no occurrence of any event resulting or reasonably likely to result in a Material Adverse Effect during the period from and after the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, Agreement and such agreements shall be in full force and effect on prior to the Closing Date. (j) All proceedings taken at On or prior to each Closing Date in connection with before the sale of date hereof, the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel Representative shall have received each and every additional documentduly executed “lock-up” agreements, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory form attached hereto as Schedule IV, between the Underwriters and each party named on Schedule IV. (k) The Company shall have furnished to you the Representative and its counsel such counseladditional documents, certificates and evidence as you the Representative or such its counsel may have reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(viii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (Taggares Agriculture Corp.), Underwriting Agreement (Taggares Agriculture Corp.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder Underwriter to purchase the Securities are subject to the accuracy, as of the date hereof, and at the Closing Date (as if made on the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriter for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriter’s satisfaction. (b) At each Closing Date, The Shares and the Warrant Shares shall be qualified for listing on the NYSE MKT. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Underwriter shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Underwriter’s reasonable opinion, is material, or omit omits to state any a fact which, in the Underwriter’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On the Closing Date, there shall have beenbeen furnished to the Underwriter the opinion and negative assurance letter of Xxxxxx LLP, corporate counsel for the Company dated the Closing Date, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (f) On the Closing Date, there shall have been furnished to the Underwriter the opinion and negative assurance letter of Fish & Xxxxxxxxxx P.C., intellectual property counsel for the Company dated the Closing Date, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (g) On the Closing Date, there shall have been furnished to the Underwriter the negative assurance letter of Xxxxxxxxxx Xxxxxxx LLP, counsel to the Underwriter, dated the Closing Date, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (h) The Underwriter shall have received a letter of Xxxxxx LLP on the date hereof and on the Closing Date, addressed to the Underwriter, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriter. (i) On the Closing Date, prospects or results there shall have been furnished to the Underwriter a certificate, dated the Closing Date, and addressed to the Underwriter, signed by the chief executive officer and the chief financial officer of operations the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and its subsidiariescorrect in all respects, taken and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as a wholeif made at and as of the Closing Date, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at On or prior to each Closing Date in connection with before the sale of date hereof, the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel Underwriter shall have received duly executed “lock-up” agreements, in substantially the form set forth on Schedule V, between the Underwriter and each of the parties specified in Schedule VI. (k) The Company shall have furnished to the Underwriter and every its counsel such additional documentdocuments, letter, opinion, certificate certificates and evidence as the Underwriter or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such its counsel may have reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriter by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(viii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (ImmunoCellular Therapeutics, Ltd.), Underwriting Agreement (ImmunoCellular Therapeutics, Ltd.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters Underwriter hereunder to purchase the Shares are subject to the accuracy, as of the date hereof and at all times through the Closing Date, and on each Option Closing Date (as if made on the Closing Date or such Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Final Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Final Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriter for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, any state securities Prospectus, the Final Prospectus, any Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the satisfaction of the Underwriter. (b) At each Closing Date, The Shares shall be approved for listing on the Nasdaq Stock Market. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Underwriter shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration StatementSale Disclosure Package, any preliminary prospectus or Prospectus, the Final Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the reasonable opinion of the Underwriter, is material, or omit omits to state any a fact which, in the reasonable opinion of the Underwriter, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On the Closing Date and on each Option Closing Date, there shall have beenbeen furnished to the Underwriter, the opinion and negative assurance letters of Libertas Law Group, Inc., counsel to the Company, each dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (f) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriter, the opinion and negative assurance letter of Libertas Law Group, Inc., intellectual property counsel to the Company, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (g) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriter, the negative assurance letter of Lxxxxxxxxx Xxxxxxx LLP, counsel to the Underwriter, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (h) The Underwriter shall have received a letter of Wxxxxxxx & Company, P.A., on the date hereof and on the Closing Date and on each Option Closing Date, addressed to the Underwriter, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth given in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Final Prospectus, except changes as of a date not prior to the date hereof or more than five days prior to the date of such letter), the conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriter. (i) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriter, a certificate, dated the Closing Date and on each Option Closing Date and addressed to the Underwriter, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date and on the Option Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part required to be performed or satisfied at or prior to the Closing Date or on the Option Closing Date, as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementShares for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you after the date of this Agreement and prior to the Closing Date or on the Option Closing Date, as applicable. (j) On or before the date hereof, the Underwriter shall have received at duly executed lock-up agreements (each Closing Datea “Lock-Up Agreement”) in the form set forth on Exhibit A hereto, a certificate by and between the Underwriter and each of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth parties specified in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such dateSchedule IV. (ck) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the The Company shall have furnished to such the Underwriter and its counsel such documents additional documents, certificates and evidence as they the Underwriter or its counsel may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriter by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive Date or on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Option Closing Date, an Additional Closing Date or otherwiseas applicable, and such termination shall be without liability of any party to any other party, except that Section 5(a)(viii), Section 7 and Section 9 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (Reed's, Inc.), Underwriting Agreement (Reed's, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder to purchase the Securities are subject to the accuracy, as of the date hereof and at the Closing Date (as if made on the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Representative’s satisfaction. (b) At each Closing Date, The Shares and the Warrant Shares shall be qualified for listing on the NYSE Amex. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Representative’s reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date, there shall have beenbeen furnished to the Representative the opinion and negative assurance letters of Xxxxxxxx Xxxx LLP, dated the Closing Date, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative, to the effect set forth in Schedule III. (g) On the Closing Date, there shall have been furnished to the Representative the opinion of Xxxxxxx X. Xxxxxxx, Esq., the Company’s General Counsel, dated the Closing Date, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative, to the effect set forth in Schedule IV. (h) The Representative shall have received a letter of KPMG LLP, on the date hereof and on the Closing Date, addressed to the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm with respect to the financial information and other matters required by the Representative. (i) On the Closing Date, prospects or results there shall have been furnished to the Representative a certificate, dated the Closing Date, and addressed to the Representative, signed by the chief executive officer and the chief financial officer of operations the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and its subsidiariescorrect in all respects, taken and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as a wholeif made at and as of the Closing Date, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that Company has complied in all material respects with all the agreements and satisfied in all material respects all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at On or prior to before the date hereof, the Representative shall have received duly executed “lock-up” agreements, in the form of Schedule V, between the Representative and each Closing Date in connection with the sale of the Shares executive officers and directors of the Company specified in Schedule VI. (k) The Company and the Warrant Agent shall be reasonably satisfactory in form have executed and substance to you and counsel delivered counterparts of the Warrant Agreement. (l) The Company shall have delivered to the several Underwriters, and at Underwriters the time of signing this Agreement and Underwriter Warrants issuable on the Closing Date, you and registered in such counsel names as the Underwriters shall have received each specified. (m) The Company shall have furnished to the Representative and every Underwriters’ counsel such additional documentdocuments, letter, opinion, certificate certificates and evidence as the Representative or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such Underwriters’ counsel may have reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on and the Underwriters at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(vii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (Palatin Technologies Inc), Underwriting Agreement (Palatin Technologies Inc)

Conditions of the Underwriters’ Obligations. The several obligations of the several Underwriters hereunder to purchase the Underwritten Shares are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If the filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) promulgated under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Pricing Disclosure Package or the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; and any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Pricing Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Representative’s satisfaction. (b) At each Closing Date, The Shares shall be qualified for listing on the NYSE MKT. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Underwriters shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Pricing Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus or Section 5(d) Writing, contains an untrue statement of a material fact which, in the Representative’s reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; misleading and the Company shall not have promptly taken such action as is necessary to cure such untrue statement of material fact or material omission of fact. (iiie) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date, there shall have beenbeen furnished to the Representative the opinion letter of Wxxx Xxxxxxx, since P.C. dated the respective dates as of which information is givenClosing Date and addressed to the Underwriters, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company form and its subsidiaries, taken as a whole, from that substance set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and Schedule III hereto. (ivg) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you The Representative shall have received at each Closing Date, a certificate on and as of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLPDxxxxxxxx Wxxxxx PLLC, counsel to for the several UnderwritersRepresentative, with respect to such matters as the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated herebyUnderwriters may reasonably request, and the Company such counsel shall have furnished to such counsel received such documents and information as they may have reasonably requested for the purpose of enabling request to enable them to pass upon such matters. (eh) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you The Representative shall have received a signed letterletter of Hxxx & Assocaites, datedLLP, respectivelyon the date hereof and on the Closing Date addressed to the Underwriter, in a form acceptable to the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such dateletter (or, from Xxxxxxxx & Company Certified Public Accountants PCwith respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the Pricing Disclosure Package, addressed as of a date not prior to the Underwriters (date hereof or more than five days prior to the date of such letter), the conclusions and findings of said firm with executed copies for each of respect to the Underwriters) in the form heretofore approved financial information and other matters required by counsel for the Underwriters. (gi) As On the Closing Date, there shall have been furnished to the Representative a certificate, dated the Closing Date and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of the effective date Company, in their capacity as officers of the Registration StatementCompany, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering.effect that: (i) At The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof, (B) suspending the qualification of the Shares for offering or sale, or (C) suspending or preventing the use of the Pricing Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to their knowledge, is contemplated by the Commission or any state or regulatory body; and (iii) There has been no occurrence of any event resulting or reasonably likely to result in a Material Adverse Effect during the period from and after the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, Agreement and such agreements shall be in full force and effect on prior to the Closing Date. (j) All proceedings taken at On or prior to each Closing Date in connection with before the sale of date hereof, the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel Representative shall have received each and every additional documentduly executed “lock-up” agreements, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory form attached hereto as Schedule IV, between the Underwriters and each party named on Schedule IV. (k) The Company shall have furnished to you the Representative and its counsel such counseladditional documents, certificates and evidence as you the Representative or such the Underwriters’ counsel may have reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(viii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (Superior Drilling Products, Inc.), Underwriting Agreement (SD Co Inc)

Conditions of the Underwriters’ Obligations. The several respective obligations of the several Underwriters hereunder to purchase the Firm Units, Option Shares and Option Warrants are subject to the accuracy, as of the date hereof and at all times through the Closing Date, and on each Option Closing Date (as if made on the Closing Date or such Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Final Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Final Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before orinitiated or threatened by the Commission; any request of the Commission for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, any Prospectus, the Final Prospectus, any Issuer Free Writing Prospectus or otherwise) shall have been complied with to the knowledge satisfaction of the Company or the Representatives, shall be contemplated by the Commission or any state securities or “Blue Sky” commissioner or authorityUnderwriters. (b) At each Closing DateThe Shares, (i) the representations Warrant Shares and warranties of the Company contained in this Agreement Underwriter Warrant Shares shall be true and correct with approved for listing on the same effect as if made on and as Nasdaq Capital Market, subject to official notice of such Closing Date and the Company issuance. (c) The Underwriters shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior received a “no objection” opinion from FINRA as to the Closing Date; amount of compensation allowable or payable to the Underwriters as described in the Registration Statement. (iid) The Underwriters shall not have reasonably determined, and advised the Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration StatementSale Disclosure Package, any preliminary prospectus or Prospectus, the Final Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the reasonable opinion of the Underwriters, is material, or omit omits to state any a fact which, in the reasonable opinion of the Underwriters, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date and on each Option Closing Date, there shall have beenbeen furnished to the Underwriters the opinion and negative assurance letters of Bxxx Xxxxx & Sxxx PLC, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. (g) The Underwriters shall have received a letter of Cherry Bekaert LLP, on the date hereof and on the Closing Date and on each Option Closing Date, addressed to the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth given in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Final Prospectus, except changes as of a date not prior to the date hereof or more than five days prior to the date of such letter), the conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriters. (h) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriters a certificate, dated the Closing Date and on each Option Closing Date and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date and on the Option Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part required to be performed or satisfied at or prior to the Closing Date or on the Option Closing Date, as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the qualification of the Securities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to their knowledge, is contemplated by the Commission or any state or regulatory body; and (j) On or before the date hereof, the Underwriters shall have received duly executed lock-up agreements (each a “Lock-Up Agreement”) in the form set forth on Exhibit A, from each of the parties specified in Schedule III. If the Underwriters, in their sole discretion, agree to release or waive the restrictions set forth in the Lock-Up Agreement for an officer or director of the Company and provide the Company with notice of the impending release or waiver at least three business days before the effective date of the Registration Statementrelease or waiver, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities will announce the impending release or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not waiver by a press release substantially in the ordinary course form of Exhibit B hereto through a major news service at least two business other than as referred to or contemplated in days before the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate effective date of the principal executive officer and the principal financial release or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met waiver if agreed upon by the Company have been met and the Underwriters, or as of such dateotherwise required by applicable law. (ck) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the The Company shall have furnished to such the Underwriters and their counsel such documents additional documents, certificates and evidence as they the Underwriter or their counsel may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled in all material respects when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriters by notifying written notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive Date or on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Option Closing Date, an Additional Closing Date or otherwiseas applicable, and such termination shall be without liability of any party to any other party, except that Section 5(a)(viii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (Mri Interventions, Inc.), Underwriting Agreement (Mri Interventions, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of each Underwriter hereunder to purchase the Underwriters hereunder Securities are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each Closing DateThe Shares, the Pre-Funded Warrant Shares and Warrant Shares shall be qualified and approved for listing on Nasdaq. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Representative’s reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; (iiie) Between the date hereof and the Closing Date (A) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (B) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date, there shall have beenbeen furnished to the Representative the opinion and negative assurance letter of Xxxxxx LLP, corporate counsel for the Company, dated as of the Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (g) On the Closing Date, there shall have been furnished to the Representative an opinion from each of Sheppard, Mullin, Xxxxxxx & Hampton LLP and Riverside Law LLP, the Company’s intellectual property counsel, dated as of the Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (h) On the Closing Date, there shall have been furnished to the Representative a negative assurance letter from Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., counsel to the Underwriters, dated as of the Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (i) The Representative shall have received a letter of Deloitte & Touche LLP, on the date hereof and on the Closing Date addressed to the Representative, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2‑01 of Regulation S‑X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm, prospects or results of operations of the type ordinarily included in accountants’ “comfort letters” to underwriters, with respect to the financial information, including any financial information contained in Exchange Act Reports filed by the Company and its subsidiaries, taken as a whole, from that set forth or incorporated by reference in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus, except changes and other matters required by the Representative. (j) On the Closing Date, there shall have been furnished to the Representative a certificate, dated the Closing Date and addressed to the Representative, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (jk) All proceedings taken at On or prior to before the date hereof, the Representative shall have received duly executed “lock-up” agreements, in the form attached hereto as Schedule III, between the Representative and each Closing Date in connection with the sale of the Shares parties set forth on Schedule IV hereto. (l) The Representative shall have received electronic copies of the Pre-Funded Warrants and/or Warrants executed by the Company. (m) The Common Stock shall be reasonably satisfactory in form registered under the Exchange Act and substance shall be listed on Nasdaq, and the Company shall not have taken any action designed to you and counsel terminate, or likely to have the effect of terminating, the registration of the Common Stock under the Exchange Act or delisting or suspending from trading the Common Stock from Nasdaq, nor shall the Company have received any information suggesting that the Commission is contemplated terminating such registration or listing. (n) The Company shall have furnished to the several UnderwritersRepresentative and its counsel such additional documents, certificates and at evidence as the time of signing this Agreement and on Representative or its counsel may have reasonably requested. (o) On the Closing Date, you and such counsel the Shares shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory been delivered via the Depository Trust Company system to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale accounts of the Shares hereunder, or proceedings at the Closing DateUnderwriters. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(xi), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (Bionano Genomics, Inc), Underwriting Agreement (Bionano Genomics, Inc)

Conditions of the Underwriters’ Obligations. The several obligations of the several Underwriters hereunder to purchase the Shares, the Preferred Shares and the Warrants are subject to the accuracy, as of the date hereof and at the Closing Date, of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rules 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representatives for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Representatives’ satisfaction. (b) At each Closing DateThe Shares, the Conversion Shares and the Warrant Shares shall be qualified and approved for listing on Nasdaq, subject to official notice of issuance. (ic) The Certificate of Designation shall have been filed with the representations Secretary of State of Nevada and warranties shall be effective. (d) FINRA shall have raised no objection to the fairness and reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (e) The Representatives shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Representatives’ reasonable opinion, is material, or omit omits to state any a fact which, in the Representatives’ reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; (iiif) On or after the date hereof, (i) no downgrading shall have occurred in the rating, if any, accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (g) On the Closing Date, there shall have beenbeen furnished to the Representatives, for the benefit of the Underwriters, (i) the opinion and negative assurance letters of Xxxxxxxx Xxxxxxxxxx & Xxxxx LLP, United States corporate counsel for the Company, and (ii) the opinion of Xxxxxx Xxxxxx Gervais LLP, Canadian counsel for the Company, each dated as of the Closing Date and addressed to the Representatives, in form and substance reasonably satisfactory to the Representatives. (h) On the Closing Date, there shall have been furnished to the Representatives, for the benefit of the Underwriters, an opinion letter from Pillsbury Xxxxxxxx Xxxx Xxxxxxx LLP, the Company’s intellectual property counsel, dated as of the Closing Date and addressed to the Representatives, in form and substance reasonably satisfactory to the Representatives. (i) On the Closing Date, there shall been furnished to the Representatives, for the benefit of the Underwriters, a negative assurance letter from Xxxxxxxxxx Xxxxxxx LLP, counsel to the Underwriters, dated as of the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representatives. (j) The Representatives, for the benefit of the Underwriters, shall have received letters from Xxxxxx LLP and MNP LLP, on the date hereof and on the Closing Date, addressed to the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letters (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth given in the Registration Statement, each preliminary prospectus and the Time of Sale Disclosure Package or the Prospectus, except changes that as of a date not prior to the Registration Statement indicates might occur after date hereof or more than five days prior to the effective date of such letters), the Registration Statementconclusions and findings of said firms, and neither of the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligationstype ordinarily included in accountants’ “comfort letters” to underwriters, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, with respect to the Company’ knowledgefinancial information, threatened against including any financial information contained in Exchange Act Reports filed by the Company or any of its Subsidiaries that would be required to be set forth incorporated by reference in the Registration Statement, the Time of Sale Disclosure Package and the Prospectus, and other matters required by the Underwriters. (k) On the Closing Date, there shall have been furnished to the Representatives, for the benefit of the Underwriters, a certificate, dated as of the Closing Date and addressed to the Underwriter, signed by the chief executive officer and the principal financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied in all material respects with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof, (B) suspending the qualification of the Securities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceedings shall be pending proceeding for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries before any event resulting or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each prior to the Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (gl) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At On or before the date of this Agreementhereof, the Representatives shall have received an agreement substantially duly executed “lock-up” agreements, in the form attached hereto as Schedule IV, between the Representatives and each of Annex A hereto signed by the persons listed parties set forth on Schedule B V hereto, and such agreements shall be in full force and effect on the Closing Date. (jm) All proceedings The Representatives shall have received electronic copies of certificates representing the Warrants executed by the Company. (n) The Common Stock shall be registered under the Exchange Act and shall be listed on Nasdaq, and the Company shall not have taken at any action designed to terminate, or prior likely to each Closing Date in connection with have the sale effect of terminating, the registration of the Shares Common Stock under the Exchange Act or delisting or suspending from trading the Common Stock from Nasdaq, nor shall be reasonably satisfactory in form the Company have received any information suggesting that the Commission is contemplated terminating such registration or listing. (o) The Company shall have furnished to the Underwriters and substance to you its counsel such additional documents, certificates and evidence as the Representatives or counsel to the several Underwriters, and at the time of signing this Agreement and on Underwriters may have reasonably requested. (p) On the Closing Date, you the Shares and such counsel the Preferred Shares shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory been delivered via the Depository Trust Company system to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale accounts of the Shares hereunder, Underwriters (or proceedings at to the Closing Dateaccount of an applicable investor purchasing Preferred Shares). If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(x), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (Inpixon), Underwriting Agreement (Inpixon)

Conditions of the Underwriters’ Obligations. The several respective obligations of the several Underwriters hereunder to purchase the Shares are subject to the accuracy, as of the date hereof and at all times through the Closing Date, and on each Option Closing Date (as if made on the Closing Date or such Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company and the Selling Stockholders contained herein, the performance by the Company and the Selling Stockholders of their respective obligations hereunder and the following additional conditions: (a) The If filing of the Final Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act, the Company shall have filed the Final Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, any state securities Prospectus, the Final Prospectus, any Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the satisfaction of the Representative. (b) At each Closing DateThe Shares shall be approved for listing on Nasdaq, subject to official notice of issuance. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration StatementSale Disclosure Package, any preliminary prospectus or Prospectus, the Final Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the reasonable opinion of the Representative, is material, or omit omits to state any a fact which, in the reasonable opinion of the Representative, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date and on each Option Closing Date, there shall have beenbeen furnished to the Representative, for the benefit of the Underwriters, the opinion and negative assurance letters of Xxxxx Xxxxxx LLP, counsel to the Company, each dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative. 18 The Lovesac Company 2019 Offering Underwriting Agreement (g) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Representative, for the benefit of the Underwriters, the opinion of Xxxxxxx Xxxxxxxx, intellectual property counsel to the Company, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative. (h) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Representative the opinions of legal counsels to the Selling Stockholders, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative. (i) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Representative, for the benefit of the Underwriters, the negative assurance letter of DLA Piper LLP (US), counsel to the Underwriters, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative. (j) The Representative, for the benefit of the Underwriters, shall have received a letter from Xxxxxx LLP, on the date hereof and on the Closing Date and on each Option Closing Date, addressed to the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth given in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Final Prospectus, except changes as of a date not prior to the date hereof or more than five days prior to the date of such letter), the conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriters. (k) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Representative, for the benefit of the Underwriters, a certificate, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date or the Option Closing Date, as applicable, and the Company has complied with all the agreements and satisfied all the conditions on its part required to be performed or satisfied at or prior to the Closing Date or the Option Closing Date, as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementShares for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each after the date of this Agreement and prior to the Closing Date or the Option Closing Date, a certificate of as applicable. (l) On the principal executive officer Closing Date and the principal financial or accounting officer of the Company, dated as of such on each Option Closing Date, evidencing compliance with there shall have been furnished to the provisions Representative, for the benefit of this Subsection 5(b)the Underwriters, certificates, dated the Closing Date or the Option Closing Date, as applicable, and confirming addressed to the accuracy Underwriters, signed by certain Selling Stockholders, to the effect that the representations and warranties of such Selling Stockholder in this Agreement are true and correct, in all material respects, as if made at and as of the representations of Closing Date or the Company set forth Option Closing Date, as applicable, and such Selling Stockholder has complied, in Section 1 hereof all material respects, with all the agreements and confirming that satisfied all the conditions set forth herein on its part to be met by performed or satisfied at or prior to the Closing Date or the Option Closing Date. 19 The Lovesac Company have been met as of such date.2019 Offering Underwriting Agreement (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (dm) On each Closing Date you or before the date hereof, the Representative shall have received a signed opinionLock-Up Agreement from each of the parties specified in Schedule V. (n) On or before the date hereof, dated as of such datethe Representative shall have received a duly executed Stock Power and Lock-Up Agreement from each Selling Stockholder, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel in each case in form and substance reasonably satisfactory to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement Representative. (o) The Company and the transactions contemplated hereby, and the Company Selling Stockholders shall have furnished to such the Underwriters and its counsel such documents additional documents, certificates and evidence as they the Underwriters or its counsel may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on and the Selling Stockholders at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive Date or on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Option Closing Date, an Additional Closing Date or otherwiseas applicable, and such termination shall be without liability of any party to any other party, except that Section 5(a)(viii), Section 5(b)(i), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (Lovesac Co), Underwriting Agreement (Lovesac Co)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder are shall be subject to the continuing accuracy in all material respects of the representations and warranties of the Company herein as of the Closing Date and each Overallotment Closing Date, if any, as if they had been made on and as of the Closing Date or each Overallotment Closing Date, as the case may be; the accuracy on and as of the Closing Date or Overallotment Closing Date, if any, of the statements of officers of the Company made pursuant to the provisions hereof; and the performance by the Company on and as of the Closing Date and each Overallotment Closing Date, if any, of each of its material covenants and obligations hereunder and to the following further conditions: (a) The Registration Statement shall have become be declared effective under by the Act Commission not later than 5:30 P.M., New York time, on the date of this Agreement or such later date and time as shall be consented to in writing by the Underwriters, and, at the Closing Date and each Overallotment Closing Date, if any, no stop order suspending the effectiveness of the Registration Statement or the qualifications of the Shares shall have been issued and no proceedings for that purpose shall have been instituted before or, or shall be pending or contemplated to the knowledge of the Company or the Representatives, shall be contemplated by the Commission and any request on the part of the Commission for additional information shall have been complied with to the reasonable satisfaction of Underwriters' Counsel. If the Company has elected to rely upon Rule 430A of the Rules and Regulations, the price of the Securities and any price-related information previously omitted from the effective Registration Statement pursuant to such Rule 430A shall have been transmitted to the Commission for filing pursuant to Rule 424(b) of the Rules and Regulations within the prescribed time period, and prior to Closing Date the Company shall have provided evidence satisfactory to the Underwriters of such timely filing, or any state securities or “Blue Sky” commissioner or authoritya post-effective amendment providing such information shall have been promptly filed and declared effective in accordance with the requirements of Rule 430A of the Rules and Regulations. (b) At each Closing Date, (i) the representations and warranties of The Underwriters shall not have advised the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus or the Prospectus, or any amendment or supplement thereto, shall contain any contains an untrue statement of a fact which, in the Representative's opinion, and the opinion of its counsel is material fact or omit omits to state any a fact which, in the Representative's opinion, is material fact and is required to be stated therein or is necessary to make the statements therein not misleading; (iii) there shall have been, since the respective dates as of which information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that which, in the Representative's reasonable opinion, or the opinion of its counsel to the Representatives is material, or omits to state any a fact which, in the Representative's reasonable opinion, is material fact and is required to be stated therein or is necessary in order to make the statements therein therein, in light of the circumstances under which they were made, not misleading. (dc) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel The Company's registration statement pursuant to the several Underwriters, with respect to Exchange Act on Form 8-A has been declared effective by the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such mattersCommission. (ed) On each At the Closing Date you and the Overallotment Closing Date, the Representative shall have received the signed opinionfavorable opinion of Ellenoff, dated as of such dateGrossman, of K&L Gates Schole & Cyruli, LLP, special securities counsel to the Company, in form reasonably satisfactory to counsel for dated the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectivelyor Overallotment Closing Date, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PCthe case may be, addressed to the Underwriters and in form and substance satisfactory to Underwriters' Counsel, to the effect that: (with executed copies for each i) The Company: (A) has been duly incorporated and is validly existing as a corporation in good standing under the laws of the Underwriters) State of Delaware with full corporate power and authority to own and operate its properties and to carry on its business as set forth in the form heretofore approved Registration Statement and Prospectus; (B) the Company is duly licensed or qualified as a foreign corporation in all jurisdictions in which by counsel for reason of maintaining an office in such jurisdiction or by owning or leasing real property in such jurisdiction it is required to be so licensed or qualified except where failure to be so qualified or licensed would have no material adverse effect upon the UnderwritersCompany; and (C) to the best of counsel's knowledge, the Company has not received any notice of proceedings relating to the revocation or modification of any such license or qualification which revocation or modification would have a material adverse effect upon the Company. (gii) As The Registration Statement, each Preliminary Prospectus that has been circulated and the Prospectus and any post-effective amendments or supplements thereto (other than the exhibits, financial statements, schedules and other financial and statistical data included therein, as to which no opinion need be rendered) comply as to form in all material respects with the requirements of the Act and Regulations and the conditions for use of a registration statement on Form SB-2 have been satisfied by the Company. (iii) To the best of such counsel's knowledge, except as described in the Prospectus, the Company does not own an interest of a character required to be disclosed in the Registration Statement in any corporation, partnership, joint venture, trust or other business entity; (iv) The Company has a duly authorized, issued and outstanding capitalization as set forth in the Prospectus as of the date indicated therein, under the caption "Capitalization". The Securities, Underwriters' Purchase Option and the Underwriters' Option Units conform or upon issuance will conform in all material respects to all statements with respect thereto contained in the Registration Statement and the Prospectus. All issued and outstanding securities of the Company have been duly authorized and validly issued and, to the best knowledge of counsel, all shares of capital stock are fully paid and non-assessable; the holders thereof are not, except by reason of their own conduct or acts, subject to personal liability by reason of being such holders, and none of such securities were issued in violation of the preemptive rights of any holder of any security of the Company. The Securities to be sold by the Company hereunder, the Underwriters' Purchase Option to be sold by the Company under the Underwriters' Purchase Option Agreement and Underwriters' Option Units have been duly authorized and, when issued, paid for and delivered in accordance with the terms hereof, will be validly issued, fully paid and non-assessable and conform or upon issuance will conform to the description thereof contained in the Prospectus; are not subject to any preemptive or other similar rights of any stockholder of the Company; that, to such counsel's knowledge, the holders of the Securities and Underwriters' Option Units shall not be personally liable for the payment of the Company's debts solely by reason of being such holders except as they may be liable by reason of their own conduct or acts; and that the certificates representing the Units, Underwriters' Purchase Option and Underwriters' Option Units are in due and proper legal form. Upon delivery of the Units to the Underwriters against payment therefor as provided for in this Agreement, the Underwriters (assuming they are bona fide purchasers within the meaning of the Uniform Commercial Code) will acquire good title to the Units, free and clear of all liens, encumbrances, equities, security interests and claims. (v) Each of the Registration Statement and the Form 8-A has been declared effective date under the Act, and, if applicable, filing of all pricing information has been timely made in the appropriate form under Rule 430A, and, to the best of such counsel's knowledge, no stop order suspending the effectiveness of the Registration Statement has been issued and to the best of such counsel's knowledge, no proceedings for that purpose have been instituted or are pending or threatened or contemplated under the Act; (vi) To the best of such counsel's knowledge, (A) there are no material contracts or other documents required to be described in the Registration Statement and the Prospectus and filed as exhibits to the Registration Statement other than those described in the Registration Statement and the Prospectus and filed as exhibits thereto, and (B) the descriptions in the Registration Statement and the Prospectus and any supplement or amendment thereto regarding such material contracts or other documents to which the Company is a party or by which it is bound, are accurate in all material respects and fairly represent the information required to be shown by Form SB-2 and the Rules and Regulations; (vii) This Agreement, the Underwriters' Purchase Option Agreement and the Warrant Agreement between the Company, the Warrant Agent and Representative have each been duly and validly authorized, executed and delivered by the Company, and assuming that each is a valid and binding agreement of the Underwriter, as the case may be, constitutes a legally valid and binding agreement of the Company, enforceable as against the Company in accordance with their respective terms (except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application relating to or affecting enforcement of creditors rights and the application of equitable principles in any action, legal or equitable, and except as rights to indemnity or contribution may be limited by applicable law or pursuant to public policy). (viii) Neither the execution or delivery by the Company of this Agreement, the Underwriters' Purchase Option Agreement or the Warrant Agreement, nor its performance hereunder or thereunder, nor its consummation of the transactions contemplated herein or therein, nor the issuance of the Securities pursuant to this Agreement, conflicts with or will conflict with or results or will result in any material breach or violation of any of the terms or provisions of, or constitutes or will constitute a material default under, or result in the creation imposition of any material lien, charge, claim, encumbrance, pledge, security interest, defect or other restriction or equity of any kind whatsoever upon, any property or assets (tangible or intangible) of the Company except to the extent such event will not have a material adverse effect upon the Company pursuant to the terms of, (A) the Certificate of Incorporation or By-Laws of the Company, (B) to the best knowledge of such counsel, any indenture, mortgage, deed of trust, voting trust agreement, stockholders agreement, note, loan or credit agreement or any other agreement or instrument that is material to the Company to which the Company is a party or by which it is bound or to which its properties or assets (tangible or intangible) are subject, or any indebtedness, or (C) to the best knowledge of such counsel, and except to the extent it would not have a material adverse effect on the Company, any statute, judgment, decree, order, rule or regulation applicable to the Company or any arbitrator, court, regulatory body or administrative agency or other governmental agency or body, having jurisdiction over the Company or any of its respective activities or properties. (ix) No consent, approval, authorization or order, and no filing with, any court, regulatory body, government agency or other body (other than such as may be required under state securities laws, as to which no opinion need be rendered) is required in connection with the issuance by the Company of the Securities pursuant to the Prospectus and the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice performance of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing DateUnderwriters' Option Agreement by the Company, you and such counsel shall have received each and every additional documentthe taking of any action by the Company contemplated hereby or thereby, letterwhich has not been obtained; (x) Except as described in the Prospectus, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and the best knowledge of such counsel, as you or such counsel may reasonably request the Company is not in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunderbreach of, or proceedings at in default under, any material term or provision of any indenture, mortgage, installment sale agreement, deed of trust, lease, voting trust agreement, stockholders' agreement, note, loan or credit agreement or any other agreement or instrument evidencing an obligation for borrowed money, or any other agreement or instrument to which the Closing Date. If Company is a party or by which the Company may be bound or to which any of the conditions herein provided for property or assets (tangible or intangible) of the Company is subject or affected; and, to the best knowledge of counsel, the Company is not in this Section shall not violation of any material term or provision of its Certificate of Incorporation or By-Laws or in violation of any material franchise, license, permit, judgment, decree, order, statute, rule or regulation material to the Company business; (xi) The statements in the Prospectus under the captions "DESCRIPTION OF BUSINESS" "MANAGEMENT," "PRINCIPAL STOCKHOLDERS," "CERTAIN TRANSACTIONS," "DESCRIPTION OF CAPITAL STOCK," and "SHARES ELIGIBLE FOR FUTURE SALE" and "RISK FACTORS" have been fulfilled reviewed by such counsel, and only insofar as they refer to statements of the date indicatedlaw, descriptions of statutes, rules or regulations or legal conclusions, are correct in all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company of such cancellation on or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwise.material respects;

Appears in 2 contracts

Samples: Underwriting Agreement (Biodelivery Sciences International Inc), Underwriting Agreement (Biodelivery Sciences International Inc)

Conditions of the Underwriters’ Obligations. The several obligations of each Underwriter hereunder to purchase the Underwriters hereunder Securities are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462(b) Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each Closing Date, (i) the representations and warranties of the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the The Company shall have performed all applied for listing of the obligations Shares, the Pre-Funded Warrant Shares and complied with all the Warrant Shares on Nasdaq. (c) FINRA shall have raised no objection to the fairness and reasonableness of the conditions hereunder on its part to be performed or complied with on or prior to underwriting terms and arrangements. (d) The Representative shall not have reasonably determined, and advised the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the reasonable opinion of the Representative, is material, or omit omits to state any a fact which, in the reasonable opinion of the Representative, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; (iiie) Between the date hereof and the Closing Date (A) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical rating organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (B) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date, there shall have beenbeen furnished to the Representative the opinion and negative assurance letter of Lxxxxxxxxx Xxxxxxx LLP, counsel for the Company, dated as of the Closing Date and addressed to the Representative, as representative of the Underwriters, in form and substance reasonably satisfactory to the Representative. (g) The Representative shall have received a letter of KMPG LLP, on the date hereof and on the Closing Date, addressed to the Representative, as representative of the Underwriters, in form and substance reasonably satisfactory to the Representative, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm, prospects or results of operations of the type ordinarily included in accountants’ “comfort letters” to underwriters, with respect to the financial information, including any financial information contained in the SEC Reports filed by the Company and its subsidiaries, taken as a whole, from that set forth or incorporated by reference in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus, except changes and other matters required by the Representative. (h) On the Closing Date, there shall have been furnished to the Representative a certificate, dated the Closing Date and addressed to the Representative as representative of the Underwriters, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (i) On the Closing Date, there shall have been furnished to the Representative a certificate, dated the Closing Date and addressed to the Representative, as representative of the Underwriters, signed by the secretary of the Company, in such person’s capacity as an officer of the Company, to the effect that: (i) that each of the certificate of incorporation, as amended, and the amended and restated bylaws of the Company is true and complete, has not been modified and is in full force and effect; (ii) that the resolutions of the Company’s Board of Directors relating to the Offering are in full force and effect and have not been modified; (iii) as to the accuracy and completeness of all correspondence between the Company or its counsel and with each of the Commission and Nasdaq; and (iv) as to the incumbency of the officers of the Company. The documents referred to in such certificate shall be attached to such certificate. (j) All proceedings taken at On or prior to before the date hereof, the Representative shall have received duly executed “lock-up” agreements, in the form attached hereto as Exhibit C, between the Representative and each Closing Date in connection with the sale of the parties set forth on Schedule IV hereto. (k) The Representative shall have received electronic copies of the Pre-Funded Warrants and Warrants executed by the Company. (l) The Common Stock shall be registered under the Exchange Act and shall be listed on Nasdaq, and the Company shall not have taken any action designed to terminate, or likely to have the effect of terminating, the registration of the Common Stock under the Exchange Act or delisting or suspending from trading the Common Stock from Nasdaq, nor shall the Company have received any information suggesting that the Commission is contemplated terminating such registration or listing. (m) On the Closing Date, the Firm Shares shall be reasonably satisfactory in form and substance have been delivered via the Depository Trust Company system to you the accounts of the Underwriters. (n) The Company shall have furnished to the Representative and counsel to the several UnderwritersUnderwriters such additional documents, certificates and at evidence as the time of signing this Agreement and on Representative or counsel to the Closing Date, you and such counsel shall Underwriters may have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(xi), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (Sonnet BioTherapeutics Holdings, Inc.), Underwriting Agreement (Sonnet BioTherapeutics Holdings, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder to purchase the Shares are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representatives for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Representatives’ satisfaction. (b) At each Closing Date, The Shares shall be qualified for listing on the NASDAQ Global Market. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representatives shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Representatives’ reasonable opinion, is material, or omit omits to state any a fact which, in the Representatives’ reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date, there shall have beenbeen furnished to the Representatives the opinion and negative assurance letters of Mxxxxx, Xxxxx & Bxxxxxx LLP, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representatives, to the effect set forth in Schedule III. (g) The Representatives shall have received a letter of each of Ernst & Young LLP and BDO Sxxxxxx, LLP, on the date hereof and on the Closing Date addressed to the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm with respect to the financial information and other matters required by the Representatives. (h) On the Closing Date, prospects or results there shall have been furnished to the Representatives a certificate, dated the Closing Date and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of operations the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and its subsidiariescorrect in all respects, taken and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as a wholeif made at and as of the Closing Date, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementShares for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each prior to the Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At On or before the date of this Agreementhereof, the Representatives shall have received an agreement substantially duly executed “lock-up” agreements, in a form acceptable to the form of Annex A hereto signed by Representatives, between the Representatives and the persons listed set forth on Schedule B hereto, and such agreements shall be in full force and effect on the Closing DateIV. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares The Company shall be reasonably satisfactory in form and substance to you and counsel have furnished to the several UnderwritersRepresentatives and their counsel such additional documents, certificates and at evidence as the time of signing this Agreement and on the Closing Date, you and such Representatives or their counsel shall may have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counselrequested. (k) The Reverse Stock Split, as you or such counsel may reasonably request described in connection with each preliminary prospectus, the Time of Sale Disclosure Package and the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Dateshall have been consummated. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(vii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (UniTek Global Services, Inc.), Underwriting Agreement (UniTek Global Services, Inc.)

Conditions of the Underwriters’ Obligations. The several respective obligations of the several Underwriters hereunder to purchase the Shares are subject to the accuracy, as of the date hereof and at all times through the Closing Date, and on each Option Closing Date (as if made on the Closing Date or such Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Final Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act, the Company shall have filed the Final Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time-of-Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; and any request of the Company Commission that additional information be included in the Registration Statement, the Time-of-Sale Disclosure Package or the Representatives, Final Prospectus shall be contemplated by the Commission or any state securities or “Blue Sky” commissioner or authorityhave been complied with. (b) At each Closing DateThe Shares and the Underwriter Warrant Shares shall be approved for listing on the Exchange, subject to official notice of issuance. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements of the Act and the Rules and Regulations, and neither the Registration StatementTime-of-Sale Disclosure Package, any preliminary prospectus or Prospectus, the Final Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the reasonable opinion of the Representative, is material, or omit omits to state any a fact which, in the reasonable opinion of the Representative, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; (iii) there shall have been, since the respective dates as of which information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date you and on each Option Closing Date, there shall have received been furnished to the signed opinionRepresentative, dated as for the benefit of such datethe Underwriters, the opinion and negative assurance letters of K&L Gates Sxxxxxxxx Xxxx Xxxxxxx Carmel LLP, counsel to the Company, each dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the UnderwritersRepresentative. (g) As On the Closing Date and on each Option Closing Date, there shall have been furnished to the Representative, for the benefit of the effective Underwriters, the negative assurance letter of Sxxxxxxxx Yxxxx Cxxxxxx & Rxxxx LLP, counsel to the Underwriters, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative. (h) The Representative, for the benefit of the Underwriters, shall have received a letter from Suri & Co., on the date hereof and on the Closing Date, and on each Option Closing Date, as applicable, addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative, containing statements and information of the type customarily included in accountants’ “comfort letters” to underwriters with respect to the financial statements and certain financial information contained in each of the Registration Statement, the Common Stock shall be listed Time-of-Sale Disclosure Package, any Prospectus, and the Final Prospectus; provided, that the letter delivered on the NASDAQ Global MarketClosing Date or the Option Closing Date, subject as the case may be, shall use a “cut-off” date no more than two (2) business days prior to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to such Closing Date or such Option Closing Date, as the fairness and reasonableness of the underwriting terms and arrangements for this offeringcase may be. (i) At On the Closing Date and on each Option Closing Date, there shall have been furnished to the Representative, for the benefit of the Underwriters, a certificate, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer or principal financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement are true and correct, as if made at and as of the Closing Date or the Option Closing Date, as applicable, and the Company has complied with all the agreements and satisfied all the conditions on its part required to be performed or satisfied at or prior to the Closing Date or the Option Closing Date, as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof, (B) suspending the qualification of the Shares for offering or sale, or (C) suspending or preventing the use of the Time-of-Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to their knowledge, is contemplated by the Commission or any state or regulatory body; and (iii) There has been no occurrence of any event resulting in or reasonably expected to result in a Material Adverse Effect during the period from and after the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, Agreement and such agreements shall be in full force and effect on prior to the Closing Date or the Option Closing Date, as applicable. (j) All proceedings taken at On or prior to before the date hereof, the Representative shall have received a duly executed lock-up agreement in substantially the form set forth on Exhibit A hereto (each Closing Date in connection with a “Lock-Up Agreement”), by and between the sale Representative and (i) each member of the Shares shall be reasonably satisfactory in form and substance to you and counsel to Company’s board of directors, (ii) each executive officer of the several UnderwritersCompany, and at (iii) each of the time other holders of signing this Agreement capital stock of the Company. (k) On the date hereof and on the Closing Date and on each Option Closing Date, you and such counsel the Company shall have received each and every additional document, letter, opinion, furnished to the Representatives a certificate or other item dated and executed of the chief financial officer of the Company with respect to certain financial information contained in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer Time-of-Sale Disclosure Package, any Prospectus, and sale of the Shares hereunderFinal Prospectus. (l) The Company shall have furnished to the Underwriters and its counsel such additional documents, certificates and evidence as the Underwriters or proceedings at the Closing Dateits counsel may have reasonably requested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying written notice to the Company of such cancellation at any time on or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional or on the Option Closing Date or otherwiseDate, as applicable, and such termination shall be without liability of any party to any other party, except that Sections 5(h), 7, and 8 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (Fatpipe Inc/Ut), Underwriting Agreement (Fatpipe Inc/Ut)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder to purchase the Shares, the Pre-Funded Warrants and the Warrants are subject to the accuracy, as of the date hereof and at all times through the Closing Date, and on each Option Closing Date (as if made on the Closing Date or such Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Final Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Final Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriters for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, any state securities Prospectus, the Final Prospectus, any Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the satisfaction of the Underwriters. (b) At each Closing DateThe Shares, the Warrant Shares and the Underwriter Warrant Shares shall be approved for listing on the NYSE American, subject to official notice of issuance. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Underwriters shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration StatementSale Disclosure Package, any preliminary prospectus or Prospectus, the Final Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the reasonable opinion of the Underwriters, is material, or omit omits to state any a fact which, in the reasonable opinion of the Underwriters, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On the Closing Date and on each Option Closing Date, there shall have beenbeen furnished to the Underwriters the opinion and negative assurance letters of Xxxxxxx Procter LLP, counsel to the Company, each dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance previously agreed upon with the Underwriters. (f) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriters the opinion and negative assurance letters of Xxxxxx Xxxxxxx, LLC, regulatory counsel to the Company, each dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance previously agreed upon with the Underwriters. (g) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriters the opinion and negative assurance letter of Sunstein Kann Xxxxxx & Timbers LLP, intellectual property counsel to the Company, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance previously agreed upon with the Underwriters. (h) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriters the negative assurance letter of Xxxxxxxxxx Xxxxxxx LLP, counsel to the Underwriters, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. (i) The Underwriters shall have received a letter of Xxxxxx LLP, on the date hereof and on the Closing Date and on each Option Closing Date, addressed to the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package and the Final Prospectus, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriters. (j) On the Closing Date and on each Option Closing Date, prospects or results there shall have been furnished to the Underwriters a certificate, dated the Closing Date and on each Option Closing Date and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of operations the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and its subsidiariescorrect in all respects, taken and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as a wholeif made at and as of the Closing Date and on the Option Closing Date, from that set forth in the Registration Statement, each preliminary prospectus and the ProspectusCompany has complied with all the agreements and satisfied all the conditions on its part required to be performed or satisfied at or prior to the Closing Date or on the Option Closing Date, except changes that as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Final Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you after the date of this Agreement and prior to the Closing Date or on the Option Closing Date, as applicable. (k) On or before the date hereof, the Underwriters shall have received at duly executed lock-up agreement (each Closing Datea “Lock-Up Agreement”) in the form set forth on Exhibit A hereto, a certificate by and between the Underwriters and each of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth parties specified in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date.Schedule V. (cl) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the The Company shall have furnished to such the Underwriters and their counsel such documents additional documents, certificates and evidence as they the Underwriters or their counsel may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative, on behalf of the Underwriters, by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive Date or on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Option Closing Date, an Additional Closing Date or otherwiseas applicable, and such termination shall be without liability of any party to any other party, except that Section 5(a)(viii), Section 7 and Section 9 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (Myomo Inc), Underwriting Agreement (Myomo Inc)

Conditions of the Underwriters’ Obligations. The several respective obligations of the several Underwriters hereunder to purchase the Shares are subject to the accuracy, as of the date hereof and at all times through the Closing Date, and on each Option Closing Date (as if made on the Closing Date or such Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Final Prospectus, or any amendment or supplement thereto, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Final Prospectus (or such amendment or supplement) with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, any Prospectus or the Final Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representatives for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, any state securities Prospectus, the Final Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the satisfaction of the Representatives. (b) At each Closing DateThe Shares shall be approved for listing on Nasdaq, subject to official notice of issuance. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Underwriters shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration StatementSale Disclosure Package, any preliminary prospectus or Prospectus, the Final Prospectus, or any amendment thereof or supplement thereto, shall contain any contains an untrue statement of a material fact which, in the reasonable opinion of the Underwriters, is material, or omit omits to state any a fact which, in the reasonable opinion of the Underwriters, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On the Closing Date and on each Option Closing Date, as applicable, there shall have beenbeen furnished to the Representatives, on behalf of the Underwriters, the written opinion and Rule 10b-5 negative assurance letter of (i) Dentons US LLP, U.S. legal counsel to the Company and (ii) Dentons, Cayman Islands legal counsel to the Company, dated the Closing Date or the Option Closing Date, as applicable, in substantially the respective forms attached hereto as Exhibit A-1 and A-2. (f) On the Closing Date and on each Option Closing Date, as applicable, there shall have been furnished to the Representatives the Rule 10b-5 negative assurance letter of Loeb & Loeb LLP dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Representatives, in form and substance reasonably satisfactory to the Representatives. (g) The Representatives shall have received a letter from KPMG LLP, on the date hereof, on the Closing Date and on each Option Closing Date, as applicable, in form and substance reasonably satisfactory to the Representatives, confirming that it is an independent registered public accounting firm within the meaning of the Securities Act and is in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth given in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Final Prospectus, except changes that as of a date not prior to the Registration Statement indicates might occur after date hereof or more than five (5) days prior to the effective date of such letter), the Registration Statement, conclusions and neither findings of said firm with respect to the financial information and other matters reasonably required by the Underwriters. (h) The Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, furnished to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, Representatives a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such the Closing Date or the Option Closing Date, evidencing compliance with the provisions of this Subsection 5(b)as applicable, and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met signed by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement Chief Executive Officer and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose Chief Financial Officer of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each their capacity as officers of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing DateCompany, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each effect that the signers of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall such certificate have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of carefully examined this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer Time of Sale Disclosure Package, the Final Prospectus and sale any supplements or amendments thereto and that: (i) The representations and warranties of the Company that are qualified by materiality or by reference to any Material Adverse Effect in this Agreement are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct in all material respects, as if made at and as of the Closing Date and on the Option Closing Date, as applicable. The Company has complied with all the agreements and satisfied all the conditions on its part required to be performed or satisfied at or prior to the Closing Date or the Option Closing Date, as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof, (B) suspending the qualification of the Shares hereunderfor offering or sale, or proceedings at (C) suspending or preventing the use of the Time of Sale Disclosure Package, or the Final Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to their knowledge, is contemplated by the Commission or any state or regulatory body; (iii) There has been no occurrence of any event resulting, or reasonably likely to result, in a Material Adverse Effect during the period from and after the date of this Agreement and prior to the Closing Date or the Option Closing Date, as applicable. (i) The Company shall have furnished to the Representatives a certificate of the Company, dated the Closing Date or the Option Closing Date, as applicable, signed by the Secretary of the Company (the “Secretary’s Certificate”), in his or her capacity as an officer of the Company certifying: (i) that each copy of the Company’s certificate of incorporation and bylaws attached to the Secretary’s Certificate is true, correct and complete, has not been modified and is in full force and effect; (ii) that a true, correct and complete copy of each of the resolutions of the Company’s board of directors and the resolutions of the pricing committee of the Company’s board of directors relating to the approval of the offering is attached to the Secretary’s Certificate and such resolutions are in full force and effect and have not been modified; and (iii) as to the incumbency of the officers of the Company. (j) The Representatives shall have received on and as of the Closing Date or the Option Closing Date, as applicable, satisfactory written evidence of the good standing of the Company and its subsidiaries from the applicable Secretary of State or other governing body of its jurisdiction of organization for those entities organized under the laws of the Cayman Islands, Singapore, or one of the United States of America. (k) The Company and Continental Stock Transfer & Trust Company, LLC (the “Warrant Agent”) shall have duly and validly executed and delivered a Warrant Agency Agreement (the “Warrant Agreement”) in respect of the Warrants and each Warrant shall have been duly executed and delivered by the Company and countersigned by the Warrant Agent. (l) The Company shall have furnished to the Underwriters and their counsel such additional documents, certificates and evidence as the Underwriters or their counsel may have reasonably requested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives by notifying written notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of Date or the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Option Closing Date, an Additional Closing Date or otherwiseas applicable, and such termination shall be without liability of any party to any other party, except that Section 5(h), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (Reebonz Holding LTD), Underwriting Agreement (Reebonz Holding LTD)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters Underwriter hereunder are subject to the accuracy, as of the date hereof the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder to be performed on or prior to the Closing Date and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before orinitiated or threatened; any request of the Commission for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any Issuer Free Writing Prospectus or otherwise) shall have been complied with to the knowledge reasonable satisfaction of the Company or the Representatives, shall be contemplated by the Commission or any state securities or “Blue Sky” commissioner or authorityUnderwriter and its counsel. (b) At each Closing DateThe Underwriter shall not have reasonably determined, (i) and advised the representations and warranties of the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Underwriter’s reasonable opinion, is material, or omit omits to state any a fact which, in the Underwriter’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiic) On or after the Time of Sale (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (d) On the Closing Date, there shall have beenbeen furnished to the Underwriter the opinion of Shearman & Sterling LLP and XxXxxxxx Xxxxxxxx LLP, dated the Closing Date and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter, to the effect set forth in Schedule III. (e) On the Closing Date, the Underwriter shall have received a letter of PricewaterhouseCoopers LLP, dated the Closing Date and addressed to the Underwriter, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), business, prospects or results the conclusions and findings of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, said firm with respect to the sufficiency of all corporate proceedings financial information and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel covered by its letter delivered to the Company, in form reasonably satisfactory to counsel for Underwriter concurrently with the Underwriters, together with signed or photostatic copies thereof for each execution of the other Underwritersthis Agreement. (f) At On the time Closing Date, there shall have been furnished to the Underwriter a certificate, dated the Closing Date and addressed to the Underwriter, signed by the General Counsel and Chief Financial Officer of the signing Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof, (B) suspending the qualification of the Shares for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to their knowledge, is contemplated by the Commission or any state or regulatory body; and (iii) There has been no occurrence of any event resulting or reasonably likely to result in any Material Adverse Effect during the period from and after the date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (jg) All proceedings taken at On or prior to each Closing Date in connection with before the sale of date hereof, the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel Underwriter shall have received each and every additional documenta duly executed “lock-up” agreement, letter, opinion, certificate or other item dated and executed in a manner form acceptable to the Underwriter, between the Underwriter and Xxxxxxx Xxxxxxx. (h) The Company shall have furnished to the Underwriter and counsel for the Underwriter such additional documents, certificates and evidence customary in the circumstances as the Underwriter or counsel for the Underwriter may have reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriter by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(vii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (Imax Corp), Underwriting Agreement (Imax Corp)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters Underwriter hereunder are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date) of and compliance with all representations, warranties and agreements of the Company and the Selling Stockholder contained herein (except to the extent any such representations, warranties or agreements expressly relate to a specified earlier date, in which case, such representations, warranties and agreements shall be accurate or complied with as of such specified earlier date), to the performance by the Company and the Selling Stockholder of their obligations hereunder and to the following additional conditions, in each case unless waived by the Underwriter: (a) The If the filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or Rule 164(b)); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before initiated or, to the knowledge Company’s knowledge, threatened; any request of the Commission for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any Issuer Free Writing Prospectus or otherwise) shall have been complied with to the Underwriter’s reasonable satisfaction; and FINRA shall have raised no objection to the fairness and reasonableness of the underwriting terms and compensation arrangements. (b) The Underwriter shall not have advised the Company that the Registration Statement, the Time of Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, or any Issuer Free Writing Prospectus, contains an untrue statement of fact which, in the Underwriter’s opinion, is material, or omits to state a fact which, in the Underwriter’s opinion, is material and is required to be stated therein or necessary to make the statements therein not misleading, unless, in each case, the Company shall have filed an amendment or supplement to the Registration Statement, the applicable documents included in the Time of Sale Disclosure Package, the Prospectus or the Issuer Free Writing Prospectus to correct such statement of fact or omission. (c) Except as contemplated in the Time of Sale Disclosure Package and in the Prospectus, subsequent to the respective dates as of which information is given in the Time of Sale Disclosure Package and the Prospectus, the Company has not incurred any liabilities or obligations, direct or contingent which are material to the Company or entered into any transactions not in the ordinary course of business which are material to the Company, or declared or paid any dividends or made any distribution of any kind with respect to its capital stock; and except as disclosed in the Time of Sale Disclosure Package and in the Prospectus, there shall not have been any change in the capital stock (other than a change in the number of outstanding shares of Common Stock due to the issuance of shares upon the exercise or conversion of outstanding options, warrants or convertible notes or vesting of any outstanding restricted stock units), any material change in the short-term or long-term debt of the Company except for the extinguishment thereof, any issuance of options, warrants, convertible securities or other rights to purchase the capital stock of the Company (other than the issuance of options, restricted stock units and other awards or shares under the Company’s equity incentive plans and employee stock purchase plans), or any Material Adverse Change, the effect of which, in any such case described above, in the Underwriter’s reasonable judgment, makes it impractical or inadvisable to offer or deliver the Shares on the terms and in the manner contemplated in the Time of Sale Disclosure Package, the Registration Statement and the Prospectus. (d) On or after the Time of Sale (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical rating organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (e) On the Closing Date and the Option Closing Date, if any, there shall have been furnished to the Underwriter the opinion of Croke Fxxxxxxxx Xxxxxx & Bxxxx, counsel for the Company, dated the respective dates of delivery thereof, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (f) On the Closing Date and the Option Closing Date, if any, there shall have been furnished to the Underwriter the opinion of the Wxxxxx Lxxxxxx Xxxxxx & Dxxxx, LLP, counsel for the Selling Stockholder, dated the respective dates of delivery thereof, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (g) On the date of the execution of this Agreement, on the effective date of any post-effective amendment to the Registration Statement filed subsequent to the date of this Agreement and also at each of the Closing Date and the Option Closing Date, if any, the Underwriter shall have received a letter of KMJ Cxxxxx & Company, LLP, dated the respective dates of delivery thereof, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (h) On the Closing Date, there shall have been furnished to the Underwriter a certificate, dated the Closing Date and addressed to the Underwriter, signed by the chief executive officer or the Representativeschief financial officer of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date (except to the extent any such representations or warranties expressly relate to a specified earlier date, in which case, such representations and warranties shall be true and correct as of such specified earlier date), and the Company has complied in all material respects with all the material agreements and satisfied in all material respects all the material conditions on its part to be performed or satisfied at or prior to the Closing Date (except for any such agreements or conditions that have been waived by the Underwriter); (ii) No stop order or other order suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof or the qualification of the Shares for offering or sale nor suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to the signer’s knowledge, is contemplated by the Commission or any state securities or “Blue Sky” commissioner or authority.regulatory body; (biii) At each Closing Date, (i) the representations and warranties The signer of the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) said certificate has carefully examined the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus Prospectus, and any amendments thereof or supplements thereto shall in all material respects conform (including any documents filed under the Exchange Act and deemed to be incorporated by reference into the requirements Time of Sale Disclosure Package, the Registration Statement or the Prospectus), and (A) each part of the Registration Statement and the Prospectus, and any amendments thereof or supplements thereto (including any documents filed under the Exchange Act and deemed to be incorporated by reference into the Rules and RegulationsProspectus) contain, and neither contained when such part of the Registration Statement (or such amendment) became effective, all statements and information required to be included therein, each part of the Registration Statement, any preliminary prospectus or the Prospectus, or any amendment thereof, does not contain, and did not contain when such part of the Registration Statement (or supplement theretosuch amendment) became effective, shall contain any untrue statement of a material fact or omit to state, and did not omit to state when such part of the Registration Statement (or such amendment) became effective, any material fact required to be stated therein or necessary to make the statements therein not misleading; , and the Prospectus, as amended or supplemented, does not include and did not include as of its date or the time of first use within the meaning of the Rules and Regulations, any untrue statement of a material fact or omit to state, and did not omit to state as of its date or the time of first use within the meaning of the Rules and Regulations, a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading (iiiB) neither (1) the Time of Sale Disclosure Package nor (2) any individual Issuer Limited-Use Free Writing Prospectus, when considered together with the Time of Sale Disclosure Package, include, nor included as of the Time of Sale, any untrue statement of a material fact or omits, or omitted as of the Time of Sale, 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, (C) since the Time of Sale, there shall have beenhas occurred no event required to be set forth in an amended or supplemented prospectus which has not been so set forth, since and there has been no document required to be filed under the Exchange Act that upon such filing would be deemed to be incorporated by reference into the Time of Sale Disclosure Package, the Registration Statement or the Prospectus that has not been so filed, (D) except as contemplated in the Time of Sale Disclosure Package and in the Prospectus, subsequent to the respective dates as of which information is given, no material adverse change given in the condition (financial or otherwise)Time of Sale Disclosure Package, business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have has not incurred any material liabilities or material obligations, direct or contingent, or which are material to the Company, has not entered into any material transaction, contract or agreement transactions not in the ordinary course of business which are material to the Company, not declared or paid any dividends or made any distribution of any kind with respect to its capital stock; and, except as disclosed in the Time of Sale Disclosure Package and in the Prospectus, there has not been any change in the capital stock (other than as referred to or contemplated a change in the Registration Statement; number of outstanding shares of Common Stock due to the issuance of shares upon the exercise or conversion of outstanding options, warrants or convertible notes or vesting of any restricted stock units pursuant to the Company’s existing equity incentive plan or employee stock purchase plan), any material change in the Company’s short-term or long-term debt except for the extinguishment thereof, any issuance of options, warrants, convertible securities or other rights to purchase the capital stock of the Company (other than the issuance of options, restricted stock units and other awards or shares under the Company’s equity incentive plan and employee stock purchase plan), or any Material Adverse Change, and (ivE) except as set forth stated in each preliminary prospectus the Time of Sale Disclosure Package and in the Prospectus, no there is not pending, or, to the knowledge of the Company, threatened or contemplated, any action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against which the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries is a party before or by any commissioncourt or governmental agency, board authority or administrative agency in body, or any arbitrator, the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expectednegative outcome of which, individually or in the aggregate, to would result in a any Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offeringChange. (i) At On the date of this AgreementClosing Date, the Representatives there shall have received an agreement substantially in been furnished to the form of Annex A hereto Underwriter a certificate, dated the Closing Date and addressed to the Underwriter, signed by the persons listed on Schedule B heretochief executive officer or the chief financial officer of the Selling Stockholder, to the effect that the representations and warranties of the Selling Stockholder in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date (except to the extent any such representations or warranties expressly relate to a specified earlier date, in which case, such representations and warranties shall be true and correct as of such specified earlier date), and the Selling Stockholder has complied in all material respects with all the material agreements and satisfied in all material respects all the material conditions on its part to be performed or satisfied at or prior to the Closing Date (except for any such agreements shall be in full force and effect on or conditions that have been waived by the Closing DateUnderwriter). (j) The Company and the Selling Stockholder shall have furnished to the Underwriter and counsel for the Underwriter such additional documents, certificates and evidence as the Underwriter or counsel for the Underwriter may have reasonably requested. All proceedings taken at or prior to each Closing Date such opinions, certificates, letters and other documents will be in connection compliance with the sale of the Shares shall be provisions hereof only if they are reasonably satisfactory in form and substance to you the Underwriter and counsel to for the several Underwriters, Underwriter. The Company and at the time of signing this Agreement and on Selling Stockholder will furnish the Closing Date, you and Underwriter with such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company conformed copies of such cancellation on or prior to opinions, certificates, letters and other documents as the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseUnderwriter shall reasonably request.

Appears in 2 contracts

Samples: Underwriting Agreement (Harrow Health, Inc.), Underwriting Agreement (Eton Pharmaceuticals, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder are subject to the accuracy, as of the date hereof and at each of the Closing Date and the Option Closing Date (as if made on the Closing Date or Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company contained herein, to the performance by the Company of its obligations hereunder and to the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or Rule 164(b)); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before orinitiated or threatened; any request of the Commission for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any Issuer Free Writing Prospectus or otherwise) shall have been complied with to the knowledge Underwriters’ satisfaction; and FINRA shall have raised no objection to the fairness and reasonableness of the Company or the Representatives, shall be contemplated by the Commission or any state securities or “Blue Sky” commissioner or authorityunderwriting terms and compensation arrangements. (b) At each The Underwriters shall not have advised the Company that the Registration Statement, the Time of Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, or any Issuer Free Writing Prospectus, contains an untrue statement of fact which, in the Underwriters’ opinion, is material, or omits to state a fact which, in the Underwriters’ opinion, is material and is required to be stated therein or necessary to make the statements therein not misleading. (c) Except as contemplated in the Time of Sale Disclosure Package and in the Prospectus, subsequent to the respective dates as of which information is given in the Time of Sale Disclosure Package, neither the Company nor any of its subsidiaries shall have incurred any material liabilities or obligations, direct or contingent, or entered into any material transactions, or declared or paid any dividends or made any distribution of any kind with respect to its capital stock; and there shall not have been any change in the capital stock (other than a change in the number of outstanding shares of Common Stock due to the issuance of shares upon the exercise of outstanding options or warrants or conversion of convertible securities), or any material change in the short-term or long-term debt of the Company except for the extinguishment thereof, or any issuance of options, warrants, convertible securities or other rights to purchase the capital stock of the Company or any of the Company’s subsidiaries, or any Material Adverse Change or any development involving a prospective Material Adverse Change (whether or not arising in the ordinary course of business), or any loss by strike, fire, flood, earthquake, accident or other calamity, whether or not covered by insurance, incurred by the Company or any of the Company’s subsidiaries, the effect of which, in any such case described above, in the Representative’s judgment, makes it impractical or inadvisable to offer or deliver the Securities on the terms and in the manner contemplated in the Time of Sale Disclosure Package, the Registration Statement and in the Prospectus. (d) On or after the Time of Sale (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (e) On the Closing Date and the Option Closing Date, there shall have been furnished to the Underwriters the opinion of Sichenzia Xxxx Xxxxxxx Xxxxxx LLP, counsel for the Company, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. (f) On the Closing Date, there shall have been furnished to the Underwriters the opinion of __________________, as special intellectual property counsel for the Company, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. (g) On the date of the Prospectus at a time prior to the execution of this Agreement, on the effective date of any post-effective amendment to the Registration Statement filed subsequent to the date of this Agreement and also at each of the Closing Date and the Option Closing Date, the Underwriters shall have received a “cold comfort” letter of Paritz & Company, P.A., dated the respective dates of delivery thereof, and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (h) On each of the Closing Date and the Option Closing Date (if applicable), there shall have been furnished to the Underwriters a certificate, dated as of such closing date and addressed to the Representative, signed by the chief executive officer of the Company, to the effect that: (i) the The representations and warranties of the Company contained in this Agreement shall be are true and correct with the same effect correct, in all material respects, as if made on at and as of such the Closing Date or the Option Closing Date (as applicable), and the Company shall have performed has complied in all of the obligations and complied material respects with all of the material agreements and satisfied all the conditions hereunder on its part to be performed or complied with on satisfied at or prior to the Closing Date; Date or the Option Closing Date (as applicable); (ii) No stop order or other order suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof or the qualification of the Securities for offering or sale nor suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to the Company’s knowledge, is contemplated or threatened by the Commission or any state or regulatory body; and (iii) The signer of said certificate has carefully examined the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus Prospectus, and any amendments thereof or supplements thereto shall in all material respects conform (including any documents filed under the Exchange Act and deemed to be incorporated by reference into the requirements Time of Sale Disclosure Package, the Registration Statement or the Prospectus), and (A) each part of the Registration Statement and the Prospectus, and any amendments thereof or supplements thereto (including any documents filed under the Exchange Act and deemed to be incorporated by reference into the Rules and RegulationsProspectus) contain, and neither contained, when such part of the Registration Statement (or such amendment) became effective, all statements and information required to be included therein, each part of the Registration Statement, any preliminary prospectus or the Prospectus, or any amendment thereof, does not contain, and did not contain, when such part of the Registration Statement (or supplement theretosuch amendment) became effective, shall contain any untrue statement of a material fact or omit to state, and did not omit to state when such part of the Registration Statement (or such amendment) became effective, any material fact required to be stated therein or necessary to make the statements therein not misleading; , and the Prospectus, as amended or supplemented, does not include and did not include as of its date, or the time of first use within the meaning of the Rules and Regulations, any untrue statement of a material fact or omit to state and did not omit to state as of its date, or the time of first use within the meaning of the Rules and Regulations, a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, (iiiB) neither (1) the Time of Sale Disclosure Package nor (2) any individual Issuer Limited-Use Free Writing Prospectus, when considered together with the Time of Sale Disclosure Package, include, nor included as of the Time of Sale any untrue statement of a material fact or omits, or omitted as of the Time of Sale, 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, (C) since the Time of Sale, there shall have beenhas occurred no event required to be set forth in an amended or supplemented prospectus which has not been so set forth, since and there has been no document required to be filed under the Exchange Act that upon such filing would be deemed to be incorporated by reference into the Time of Sale Disclosure Package, the Registration Statement or into the Prospectus that has not been so filed, (D) subsequent to the respective dates as of which information is given, no material adverse change given in the condition (financial or otherwise)Time of Sale Disclosure Package, business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have subsidiaries has incurred any material liabilities or material obligations, direct or contingent, or entered into any material transactiontransactions, contract or agreement not in the ordinary course of business other than business, or declared or paid any dividends or made any distribution of any kind with respect to its capital stock, and except as referred to or contemplated disclosed in the Registration Statement; Time of Sale Disclosure Package and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or there has not been any change in equity shall be pending or, the capital stock (other than a change in the number of outstanding shares of Common Stock due to the Company’ knowledgeissuance of shares upon the exercise of outstanding options or warrants or the conversion of outstanding convertible securities), threatened against or any material change in the short-term or long-term debt except for the extinguishment thereof, or any issuance of options, warrants, convertible securities or other rights to purchase the capital stock, of the Company or any of its Subsidiaries that would be required to be set forth subsidiaries, or any Material Adverse Change or any development involving a prospective Material Adverse Change (whether or not arising in the Registration Statementordinary course of business), and no proceedings shall be pending oror any loss by strike, to the Company’ knowledgefire, threatened against flood, earthquake, accident or other calamity, whether or not covered by insurance, incurred by the Company or any of its Subsidiaries subsidiaries, and (E) except as stated in the Time of Sale Disclosure Package and in the Prospectus, there is not pending, or, to the knowledge of the Company, threatened or contemplated, any action, suit or proceeding to which the Company or any of its subsidiaries is a party before or by any commissioncourt or governmental agency, board authority or administrative agency in the United States body, or elsewhereany arbitrator, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to which might result in a any Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such dateChange. (ci) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you The Underwriters shall have received a signed opinion, dated as of letter from FINRA confirming that such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel has determined to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection raise no objections with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offeringof the offering contemplated hereby. (ij) At On the date of this AgreementClosing Date, the Representatives Shares, the Warrant Shares and the Underwriter Warrant Shares, shall have been conditionally approved for listing on NASDAQ. (k) The Company shall have furnished to the Underwriters and counsel for the Underwriters such additional documents, certificates and evidence as the Underwriters or counsel for the Underwriters may have reasonably requested. (l) The Underwriters shall have received an agreement the written agreements, substantially in the form of Annex A hereto signed by Schedule IV hereto, of the persons directors and executive officers of the Company listed on Schedule B heretoV to this Agreement. All such opinions, certificates, letters and such agreements shall other documents will be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection compliance with the sale of the Shares shall be provisions hereof only if they are reasonably satisfactory in form and substance to you the Underwriters and counsel to for the several Underwriters, and at . The Company will furnish the time of signing this Agreement and on the Closing Date, you and Underwriters with such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company conformed copies of such cancellation on or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of opinions, certificates, letters and other documents as the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseshall reasonably request.

Appears in 2 contracts

Samples: Underwriting Agreement (Nexeon Medsystems Inc), Underwriting Agreement (Nexeon Medsystems Inc)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder to purchase the Shares are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriters for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each Closing Date, (i) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (c) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Representative’s reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiid) On the Closing Date, there shall have beenbeen furnished to the Underwriters the opinion and negative assurance letters of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo P.C., dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters, to the effect set forth in Schedule III. (e) The Underwriters shall have received a letter of Amper, Politziner & Xxxxxx, LLP, on the date hereof and on the Closing Date addressed to the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2 01 of Regulation S X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriters. (f) On the Closing Date, prospects or results there shall have been furnished to the Underwriters a certificate, dated the Closing Date and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of operations the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement are true and its subsidiariescorrect, taken in all material respects, as a wholeif made at and as of the Closing Date, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementShares for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (jg) All proceedings taken at On or prior to each Closing Date in connection with before the sale of date hereof, the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel Underwriters shall have received each and every additional document“lock-up” agreements, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory form acceptable to you the Underwriters, duly executed by each director, officer and owner of 5% or more of the Company’s securities (with beneficial ownership determined pursuant to Rule 13d-3 under the Exchange Act). (h) The Company shall have furnished to the Underwriters and their counsel such counseladditional documents, certificates and evidence as you the Underwriters or such their counsel may have reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(vii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (Zoo Entertainment, Inc), Underwriting Agreement (Zoo Entertainment, Inc)

Conditions of the Underwriters’ Obligations. The several respective obligations of the several Underwriters hereunder to purchase the Shares are subject to the accuracy, as of the date hereof and at all times through the Closing Date (as if made on the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company and the Selling Shareholder of each of their obligations hereunder and the following additional conditions: (a) The If filing of the Final Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Final Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, any state securities Prospectus, the Final Prospectus, any Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the satisfaction of the Representative. (b) At each Closing DateThe Ordinary Shares shall be approved for listing on Nasdaq, and satisfactory evidence thereof shall have been provided to the Representative and its counsel. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration StatementSale Disclosure Package, any preliminary prospectus or Prospectus, the Final Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the reasonable opinion of the Representative, is material, or omit omits to state any a fact which, in the reasonable opinion of the Representative, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On the Closing Date, there shall have beenbeen furnished to the Representative on behalf of the Underwriters the opinion and negative assurance letters of Sxxxxxxxx & Associates, P.C., U.S. securities counsel to the Company, related to the Company, the Selling Shareholder and the Shares, dated the Closing Date, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative. (f) On the Closing Date, there shall have been furnished to the Representative on behalf of the Underwriters the opinion and negative assurance letters of Cxxxxxx Dxxx & Pxxxxxx, Cayman Islands counsel to the Company, related to the Company, the Selling Shareholder and the Shares, dated the Closing Date, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative. (g) On the Closing Date, there shall have been furnished to the Representative on behalf of the Underwriters the opinion and negative assurance letters of Rxxxxxxxxx, local counsel to the Company, related to the Company, the Selling Shareholder and the Shares, dated the Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative. (h) The Underwriters shall have received a letter from KCCW Accountancy Corp., on the date hereof and on the Closing Date, addressed to the Underwriters, confirming that it is independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth given in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Final Prospectus, except changes as of a date not prior to the date hereof or more than five (5) days prior to the date of such letter), the conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriters. (i) On the Closing Date, there shall have been furnished to the Underwriters a certificate, dated the Closing Date and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied in all material respects with all the agreements and satisfied all the conditions on its part required to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at On or prior to before the date hereof, the Representative shall have received duly executed lock-up agreement, substantially in the form of Exhibit A hereto (each Closing Date in connection with a “Lock-Up Agreement”), by and between the sale Representative and each of the Shares parties specified in Schedule IV. (k) The Company and the Selling Shareholder shall be reasonably satisfactory in form and substance to you and counsel have furnished to the several UnderwritersRepresentative and its counsel such additional documents, certificates and evidence as the Representative and its counsel may have reasonably requested. (l) The Company and the Selling Shareholder shall deliver or cause the Shares to be delivered by the Company to the Representative at the time of signing this Agreement and on the Closing Date, you and such counsel which shares shall have received each and every additional document, letter, opinion, certificate be delivered via The Depository Trust Company Deposit or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, Withdrawal at Custodian system for the Prospectus, the Registration Statement, the offer and sale accounts of the several Underwriters. (m) The Company and the Selling Shareholder shall deliver or cause the Shareholder Shares hereunderto be delivered, not later than the date of this Agreement, by the Selling Shareholder to the Representative, which shares shall be delivered via The Depository Trust Company Deposit or proceedings Withdrawal at Custodian system for the accounts of the several Underwriters. (n) On the Closing Date, there shall have been furnished to the Underwriters a certificate, dated the Closing Date and addressed to the Underwriters, duly executed by the Selling Shareholder, in customary form reasonably acceptable to the Representative. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(viii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (Roma Green Finance LTD), Underwriting Agreement (Roma Green Finance LTD)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters Underwriter hereunder to purchase the Underwritten Units are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If the filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) promulgated under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Pricing Disclosure Package or the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; and any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriter for additional information (to be included in the Registration Statement, the Pricing Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriter’s satisfaction. (b) At each Closing DateThe Common Stock, Warrants and Units shall be qualified for listing on the NASDAQ Capital Market. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Underwriter shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Pricing Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus or Section 5(d) Writing, contains an untrue statement of a material fact which, in the Underwriter’s reasonable opinion, is material, or omit omits to state any a fact which, in the Underwriter’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; misleading and the Company shall not have promptly taken such action as is necessary to cure such untrue statement of material fact or material omission of fact. (iiie) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date, there shall have been, since been furnished to the respective dates as Underwriter the opinion letter of which information is given, no material adverse change in the condition DLA Piper LLP (financial or otherwiseUS), businessdated the Closing Date and addressed to the Underwriter, prospects or results of operations of the Company in form and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except substance as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you Schedule II hereto. (g) The Underwriter shall have received at each Closing Date, a certificate on and as of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx Loeb & Markiles Loeb LLP, counsel to for the several UnderwritersUnderwriter, with respect to such matters as the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated herebyUnderwriter may reasonably request, and the Company such counsel shall have furnished to such counsel received such documents and information as they may have reasonably requested for the purpose of enabling request to enable them to pass upon such matters. (eh) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you The Underwriter shall have received a signed letterletter of Xxxxx Xxxxxxxx LLP, datedon the date hereof and on the Closing Date addressed to the Underwriter, respectivelyin a form acceptable to the Underwriter, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such dateletter (or, from Xxxxxxxx & Company Certified Public Accountants PCwith respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the Pricing Disclosure Package, addressed as of a date not prior to the Underwriters (with executed copies for each of date hereof or more than five days prior to the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statementsuch letter), the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice conclusions and findings of issuance. (h) FINRA shall have confirmed that it has not raised any objection said firm with respect to the fairness financial information and reasonableness of other matters required by the underwriting terms and arrangements for this offeringUnderwriter. (i) At On the Closing Date, there shall have been furnished to the Underwriter a certificate, dated the Closing Date and addressed to the Underwriter, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof, (B) suspending the qualification of the Securities for offering or sale, or (C) suspending or preventing the use of the Pricing Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to their knowledge, is contemplated by the Commission or any state or regulatory body; and (iii) There has been no occurrence of any event resulting or reasonably likely to result in a Material Adverse Effect during the period from and after the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, Agreement and such agreements shall be in full force and effect on prior to the Closing Date. (j) All proceedings taken at On or prior before the date hereof, the Underwriter shall have received duly executed “lock-up” agreements, in a form attached hereto as Exhibit B, between the Underwriter and each party named on Schedule III. (k) The Company shall have furnished to each the Underwriter and its counsel such additional documents, certificates and evidence as the Underwriter or its counsel may have reasonably requested. (l) On the Closing Date in connection with of the sale of the Shares Firm Units, there shall be reasonably satisfactory in form and substance to you and counsel have been issued to the several Underwriters, and at Underwriter the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing DateUnderwriter’s Warrants. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriter by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(viii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (NV5 Holdings, Inc.), Underwriting Agreement (NV5 Holdings, Inc.)

Conditions of the Underwriters’ Obligations. The several respective obligations of the several Underwriters hereunder to purchase the Shares and the Warrants are subject to the accuracy, as of the date hereof and at all times through the Closing Date, and on each Option Closing Date (as if made on the Closing Date or such Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Final Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Final Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriters for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, any state securities Prospectus, the Final Prospectus, any Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the satisfaction of the Underwriters. (b) At each Closing DateThe Shares and the Warrant Shares shall be approved for listing on the Nasdaq, subject to official notice of issuance. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Underwriters shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration StatementSale Disclosure Package, any preliminary prospectus or Prospectus, the Final Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the reasonable opinion of the Underwriters, is material, or omit omits to state any a fact which, in the reasonable opinion of the Underwriters, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On the Closing Date and on each Option Closing Date, there shall have beenbeen furnished to the Underwriters the opinion and negative assurance letters of Pxxxxxx Coie LLP, counsel to the Company, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. (f) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriters the negative assurance letter of Dxxxxxxxx Wxxxxx PLLC, counsel to the Underwriters, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to Underwriters. (g) The Underwriters shall have received a letter of M&K CPAs, PLLC, on the date hereof and on the Closing Date and on each Option Closing Date, addressed to the Underwriters, confirming that they are independent registered public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth given in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Final Prospectus, except changes as of a date not prior to the date hereof or more than five days prior to the date of such letter), the conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriters. (h) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriters a certificate, dated the Closing Date and on each Option Closing Date and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date and on the Option Closing Date, and the Company has complied in all material respects with all the agreements and satisfied all the conditions on its part required to be performed or satisfied at or prior to the Closing Date or on the Option Closing Date, as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you after the date of this Agreement and prior to the Closing Date or on the Option Closing Date, as applicable. (i) On or before the date hereof, the Underwriters shall have received at duly executed lock-up agreement, substantially in the form of Exhibit B hereto (each Closing Datea “Lock-Up Agreement”), a certificate from each of the principal executive officer and parties specified in Schedule V. (j) On the principal financial or accounting officer Closing Date of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy sale of the representations of Firm Shares, the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company Underwriters’ Warrants shall have been met as of such dateissued to the Underwriters. (ck) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the The Company shall have furnished to such the Underwriters and their counsel such documents additional documents, certificates and evidence as they the Underwriters or their counsel may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Datecustomarily requested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriters by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive Date or on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Option Closing Date, an Additional Closing Date or otherwiseas applicable, and such termination shall be without liability of any party to any other party, except that Section 5(a)(viii), Section 7 and Section 9 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement (SenesTech, Inc.), Underwriting Agreement (SenesTech, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of each Underwriter hereunder to purchase the Underwriters hereunder Securities are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rules 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each Closing DateThe Shares, the Warrant Shares and the Pre-Funded Warrant Shares shall be qualified and approved for listing on Nasdaq, subject to official notice of issuance. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Representative’s reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; (iiie) Between the date hereof and the Closing Date, (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date, there shall have beenbeen furnished to the Representative the opinion of Xxxxxx Xxxxxx Xxxxxxxxx Xxxx and Xxxx LLP, corporate counsel for the Company, dated as of the Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (g) On the Closing Date, there shall have been furnished to the Representative an opinion and negative assurance letter from Xxxxxxx Procter LLP, the Company’s intellectual property counsel, dated as of the Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (h) On the Closing Date, there shall been furnished to the Representative a negative assurance letter from Xxxxxxxxxx Xxxxxxx LLP, counsel to the Underwriters, dated as of the Closing Date and addressed to the Representative, in form and substance reasonable satisfactory to the Representative. (i) The Representative shall have received a letter from Ernst & Young LLP, on the date hereof and on the Closing Date addressed to the Representative, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm, prospects or results of operations of the type ordinarily included in accountants’ “comfort letters” to underwriters, with respect to the financial information, including any financial information contained in Exchange Act Reports filed by the Company and its subsidiaries, taken as a whole, from that set forth or incorporated by reference in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus, except changes and other matters required by the Representative. (j) On the Closing Date, there shall have been furnished to the Representative a certificate, dated as of the Closing Date and addressed to the Representative, signed by the chief executive officer and the principal financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (jk) All proceedings taken at On or prior to before the date hereof, the Representative shall have received duly executed “lock-up” agreements, in the form attached hereto as Schedule V, between the Representative and each Closing Date in connection with the sale of the Shares parties set forth on Schedule V hereto. (l) The Representative shall have received electronic copies of the Pre-Funded Warrants and/or Warrants executed by the Company. (m) The Common Stock shall be reasonably satisfactory in form registered under the Exchange Act and substance shall be listed on Nasdaq, and the Company shall not have taken any action designed to you and counsel terminate, or likely to have the effect of terminating, the registration of the Common Stock under the Exchange Act or delisting or suspending from trading the Common Stock from Nasdaq, nor shall the Company have received any information suggesting that the Commission is contemplated terminating such registration or listing. (n) The Company shall have furnished to the several UnderwritersRepresentative and its counsel such additional documents, certificates and at evidence as the time of signing this Agreement and on Representative or its counsel may have reasonably requested. (o) On the Closing Date, you and such counsel the Shares shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory been delivered via the Depository Trust Company system to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale accounts of the Shares hereunder, or proceedings at the Closing DateUnderwriters. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(x), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 2 contracts

Samples: Underwriting Agreement, Underwriting Agreement (Catabasis Pharmaceuticals Inc)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters Underwriter hereunder to purchase the Shares are subject to the accuracy, as of the date hereof and at all times through the Closing Date, and on each Option Closing Date (as if made on the Closing Date or such Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Final Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Final Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriter for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, any state securities Prospectus, the Final Prospectus, any Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the satisfaction of the Underwriter. (b) At each Closing Date, The Shares and the Underwriter Warrant Shares shall be included for quotation on the OTCQB. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Underwriter shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration StatementSale Disclosure Package, any preliminary prospectus or Prospectus, the Final Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the reasonable opinion of the Underwriter, is material, or omit omits to state any a fact which, in the reasonable opinion of the Underwriter, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; (iii) there shall have been, since the respective dates as of which information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date you and on each Option Closing Date, there shall have received been furnished to the signed opinionUnderwriter the opinion and negative assurance letters of Sheppard, dated as of such dateMullin, of K&L Gates Rxxxxxx & Hxxxxxx LLP, counsel to the Company, in the form set forth on Exhibit B hereto, each dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the UnderwritersUnderwriter. (g) As On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriter the opinion and negative assurance letter of Pxxxx Cxxxxxx LLP, counsel to the Underwriter, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (h) The Underwriter shall have received a letter of Axxxxxxx LLP, on the date hereof and on the Closing Date and on each Option Closing Date, addressed to the Underwriter, confirming that they are independent public accountants within the meaning of the effective Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the Registration Statement, the Common Stock shall be listed on Time of Sale Disclosure Package and the NASDAQ Global MarketFinal Prospectus, subject as of a date not prior to official notice the date hereof or more than five days prior to the date of issuance. (h) FINRA shall have confirmed that it has not raised any objection such letter), the conclusions and findings of said firm with respect to the fairness financial information and reasonableness of other matters required by the underwriting terms and arrangements for this offeringUnderwriter. (i) At On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriter a certificate, dated the Closing Date and on each Option Closing Date and addressed to the Underwriter, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date and on the Option Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part required to be performed or satisfied at or prior to the Closing Date or on the Option Closing Date, as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof, (B) suspending the qualification of the Securities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to their knowledge, is contemplated by the Commission or any state or regulatory body; and (iii) There has been no occurrence of any event resulting or reasonably likely to result in a Material Adverse Effect during the period from and after the date of this Agreement, Agreement and prior to the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect Closing Date or on the Option Closing Date, as applicable. (j) All proceedings taken at On or prior to each Closing Date in connection with before the sale of date hereof, the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel Underwriter shall have received duly executed lock-up agreement (each a “Lock-Up Agreement”) in the form set forth on Exhibit A hereto, by and every between the Underwriter and each of the parties specified in Schedule V. (k) The Company shall have furnished to the Underwriter and its counsel such additional documentdocuments, letter, opinion, certificate certificates and evidence as the Underwriter or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such its counsel may have reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriter by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive Date or on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Option Closing Date, an Additional Closing Date or otherwiseas applicable, and such termination shall be without liability of any party to any other party, except that Section 5(a)(viii), Section 9 and Section 10 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Giga Tronics Inc)

Conditions of the Underwriters’ Obligations. The several respective obligations of the several Underwriters hereunder to purchase the Securities are subject to the accuracy, as of the date hereof and at all times through the Closing Date, of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, any Preliminary Prospectus, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, any state securities Preliminary Prospectus, the Prospectus, any Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the satisfaction of the Representative. (b) At each Closing DateThe Shares and the Warrant Shares shall be approved for listing on Nasdaq, subject to official notice of issuance. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration StatementSale Disclosure Package, any preliminary prospectus or Preliminary Prospectus, the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the reasonable opinion of the Representative, is material, or omit omits to state any a fact which, in the reasonable opinion of the Representative, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On the Closing Date, there shall have beenbeen furnished to the Representative, for the benefit of the Underwriters, the opinion and negative assurance letter of Xxxx Xxxxx LLP, counsel to the Company, each dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative. (f) On the Closing Date, there shall have been furnished to the Representative, for the benefit of the Underwriters, the opinion and negative assurance letter of Xxxxxx & Ham LLP, intellectual property counsel to the Company, each dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative. (g) On the Closing Date, there shall have been furnished to the Representative, for the benefit of the Underwriters, the opinion and negative assurance letter of Xxxxxxxx & Co., intellectual property counsel to Venus Concept Ltd., each dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative. (h) On the Closing Date, there shall have been furnished to the Representative, for the benefit of the Underwriters, the opinion of Gornitzky & Co., Israeli counsel to Venus Concept Ltd., dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative. (i) On the Closing Date, there shall have been furnished to the Representative, for the benefit of the Underwriters, the opinion and negative assurance letter of Xxxxxxx Procter LLP, counsel to the Underwriters, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative. (j) The Representative, for the benefit of the Underwriters, shall have received letters of each of MNP LLP and Deloitte & Touche LLP, on the date hereof and on the Closing Date, addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth given in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus, except changes as of a date not prior to the date hereof or more than five days prior to the date of such letter), the conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriters. (k) On the Closing Date, there shall have been furnished to the Representative, for the benefit of the Underwriters, a certificate, dated the Closing Date and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied in all material respects with all the agreements and satisfied all the conditions on its part required to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, any Preliminary Prospectus, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you after the date of this Agreement and prior to the Closing Date. (l) On or before the date hereof, the Representative shall have received at duly executed lock-up agreements (each a “Lock-Up Agreement”) in the form set forth on Exhibit A hereto, by and between the Representative and each of the directors and officers of the Company and the security holders agreed upon by the Representative and the Company and listed on Schedule VI attached hereto. (m) On the Closing Date, a certificate there shall have been furnished to the Representative, for the benefit of the principal executive officer Underwriters, a certificate, dated the Closing Date and addressed to the principal financial Underwriters, signed by the secretary of the Company, in his or accounting her capacity as an officer of the Company, dated as of such in form and substance reasonably satisfactory to the Representative. (n) On the date hereof and on the Closing Date, evidencing compliance with the provisions Chief Financial Officer of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested the Representative, for the purpose benefit of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinionUnderwriters, a certificate, dated as the respective dates of such date, of K&L Gates LLP, counsel delivery thereof and addressed to the CompanyUnderwriters, in form and substance reasonably satisfactory to counsel for the UnderwritersRepresentative, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed respect to the Underwriters (with executed copies for each of the Underwriters) certain financial information contained in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on Time of Sale Disclosure Package and the NASDAQ Global Market, subject to official notice of issuanceProspectus. (ho) FINRA The Company shall have confirmed that it has not raised any objection with respect furnished to the fairness Underwriters and reasonableness of their counsel such additional documents, certificates and evidence as the underwriting terms and arrangements for this offeringRepresentative or counsel to the Underwriters may have reasonably requested. (ip) At the date of this Agreement, the Representatives The Company shall have received an agreement substantially in duly and validly executed and delivered the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing DateWarrants. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(viii), Section 7 and Section 9 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Venus Concept Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder to purchase the Shares are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance in all material respects with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or any state securities the Underwriters for additional information (to be included in the Registration Statement or “Blue Sky” commissioner the Time of Sale Disclosure Package or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each Closing Date, The Shares shall be qualified for listing on the Nasdaq Capital Market. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement shall be true underwriting terms and correct with arrangements. (d) None of the same effect as if made on and as of such Closing Date and the Company Underwriters shall have performed all of reasonably determined, and advised the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Statement or the ProspectusTime of Sale Disclosure Package, or any amendment thereof or supplement thereto, shall contain any thereto contains an untrue statement of a material fact which, in the Underwriter’s reasonable opinion, is material, or omit omits to state any a fact which, in the Underwriter’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On the Closing Date, there shall have beenbeen furnished to the Underwriters the opinion and negative assurance letters of Hxxxxx and Bxxxx, LLP, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to Rxxx, to the effect set forth in Schedule II. (f) The Underwriters shall have received two letters, one from Rxxxxxx LLP and one from BDO USA, LLP, on the date hereof and on the Closing Date addressed to the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), business, prospects or results the conclusions and findings of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, said firm with respect to the sufficiency of all corporate proceedings financial information and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved required by counsel for the Underwriters. (g) As On the Closing Date, there shall have been furnished to the Underwriters a certificate, dated the Closing Date and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of the effective date Company, in their capacity as officers of the Registration StatementCompany, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering.effect that: (i) At The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof, (B) suspending the qualification of the Shares for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to their knowledge, is contemplated by the Commission or any state or regulatory body; and (iii) There has been no occurrence of any event resulting or reasonably likely to result in a Material Adverse Effect during the period from and after the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, Agreement and such agreements shall be in full force and effect on prior to the Closing Date. (jh) All proceedings taken at On or prior to each Closing Date in connection with before the sale of date hereof, the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel Underwriters shall have received each and every additional documentduly executed “lock-up” agreements, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory form acceptable to you Rxxx, between the Underwriters and (1) each of the Company’s officers and directors set forth on Schedule III, and (2) Provident Pioneer Partners, L.P. (i) The Company shall have furnished to the Underwriters and their counsel such counseladditional documents, certificates and evidence as you the Underwriters or such their counsel may have reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Rxxx by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(vii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Pioneer Power Solutions, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters Underwriter hereunder are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, to the performance by the Company of its obligations hereunder and to the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or Rule 164(b)); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, or any amendment thereof, nor suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued; no proceedings for the issuance of such an order shall have been initiated or threatened; any request of the Commission for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any Issuer Free Writing Prospectus or otherwise) shall have been complied with to the Underwriter’s satisfaction; and FINRA shall have raised no objection to the fairness and reasonableness of the underwriting terms and arrangements. (b) The Underwriter shall not have reasonably determined, and advised the Company, that the Registration Statement, the Time of Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, or any Issuer Free Writing Prospectus, contains an untrue statement of fact which, in the Underwriter’s reasonable opinion, is material, or omits to state a fact which, in the Underwriter’s reasonable opinion, is material and is required to be stated therein or necessary to make the statements therein not misleading. (c) Except as contemplated in the Time of Sale Disclosure Package or in the Prospectus, subsequent to the respective dates as of which information is given in the Time of Sale Disclosure Package, neither the Company nor any of its subsidiaries shall have incurred any material liabilities or obligations, direct or contingent, or entered into any material transactions, or declared or paid any dividends or made any distribution of any kind with respect to its capital stock; and there shall not have been any change in the capital stock (other than a change in the number of outstanding shares of Common Stock due to the issuance of shares upon the exercise of outstanding options or warrants), or any material change in the short-term or long-term debt of the Company, or any issuance of options, warrants, convertible securities or other rights to purchase the capital stock of the Company or any of its subsidiaries, or any Material Adverse Change (whether or not arising in the ordinary course of business), or any loss by strike, fire, flood, earthquake, accident or other calamity, whether or not covered by insurance, incurred by the Company or any subsidiary, the effect of which, in any such case described above, in the Underwriter’s judgment, makes it impractical or inadvisable to offer or deliver the Securities on the terms and in the manner contemplated in the Time of Sale Disclosure Package, the Registration Statement and in the Prospectus. (d) On or after the Time of Sale (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (e) On the Closing Date, there shall have been furnished to the Underwriter the opinion of Loeb & Loeb LLP, counsel for the Company, dated the Closing Date and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter, to the effect set forth in Schedule II. In rendering such opinion such counsel may rely (i) as to matters of law other than California, Delaware and federal law, upon the opinion or opinions of local counsel provided that the extent of such reliance is specified in such opinion and that such counsel shall state that such opinion or opinions of local counsel are satisfactory to them and that they believe they and the Underwriter are justified in relying thereon and (ii) as to matters of fact, to the extent such counsel deems reasonable upon certificates of officers of the Company and its subsidiaries provided that the extent of such reliance is specified in such opinion. (f) On the Closing Date, there shall have been furnished to the Underwriter the Opinion of Han Kun Law Offices, PRC counsel for the Company, dated as of such Closing Date and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter, to the effect set forth in Schedule II. (g) On the Closing Date, the Underwriter shall have received a letter of Deloitte Touche Tohmatsu CPA Ltd., dated the Closing Date and addressed to the Underwriter, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Shares Commission, and stating, as of the date of such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the Time of Sale Disclosure Package, as of a date not prior to the date hereof or more than five days prior to the date of such letter), the conclusions and findings of said firm with respect to the financial information and other matters covered by its letter delivered to the Underwriter concurrently with the execution of this Agreement, and the effect of the letter so to be delivered on the Closing Date shall be to confirm the conclusions and findings set forth in such prior letter. (h) On the Closing Date, the Underwriter shall have received a letter of Xxxxx X.X. Xxxxxx & Co., dated the Closing Date and addressed to the Underwriter, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and stating, as of the date of such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the Time of Sale Disclosure Package, as of a date not prior to the date hereof or more than five days prior to the date of such letter), the conclusions and findings of said firm with respect to the financial information and other matters covered by its letter delivered to the Underwriter concurrently with the execution of this Agreement, and the effect of the letter so to be delivered on the Closing Date shall be to confirm the conclusions and findings set forth in such prior letter. (i) On the Closing Date, there shall have been issued furnished to the Underwriter a certificate, dated the Closing Date and addressed to the Underwriter, signed by the chief executive officer or the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof or the qualification of the Securities for offering or sale nor suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceedings proceeding for that purpose shall have has been instituted before or, to the knowledge best of the Company or the Representativestheir knowledge, shall be is contemplated by the Commission or any state securities or “Blue Sky” commissioner or authority.regulatory body; and (biii) At each Closing Date, (i) the representations and warranties The signers of the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Company shall said certificate have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) carefully examined the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus Prospectus, and any amendments thereof or supplements thereto shall in all material respects conform to (including any documents filed under the requirements of the Exchange Act and deemed to be incorporated by reference into the Rules and RegulationsTime of Sale Disclosure Package, and neither the Registration Statement or the Prospectus), and (A) each part of the Registration Statement, and any preliminary prospectus amendments thereto contain, and contained, when such part of the Registration Statement (or such amendment) became effective, all statements and information required to be included therein, each part of the ProspectusRegistration Statement, or any amendment thereof, does not contain, and did not contain, when such part of the Registration Statement (or supplement theretosuch amendment) became effective, shall contain any untrue statement of a material fact or omit to state, and did not omit to state when such part of the Registration Statement (or such amendment) became effective, any material fact required to be stated therein or necessary to make the statements therein not misleading; , and the Prospectus, as amended or supplemented (iiiincluding any documents filed under the Exchange Act and deemed to be incorporated by reference into the Prospectus), does not include and did not include as of its date, or the time of first use within the meaning of the Rules and Regulations, any untrue statement of a material fact or omit to state and did not omit to state as of its date, or the time of first use within the meaning of the Rules and Regulations, a material fact necessary to make the statements therein, in light of the circumstances under which they were made, (B) neither (1) the Time of Sale Disclosure Package nor (2) any individual Issuer Limited-Use Free Writing Prospectus, when considered together with the Time of Sale Disclosure Package, include, nor included as of the Time of Sale any untrue statement of a material fact or omits, or omitted as of the Time of Sale, 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. (C) since the Time of Sale, there shall have beenhas occurred no event required to be set forth in an amended or supplemented prospectus which has not been so set forth, since and no event which has required that there be filed under the Exchange Act any report that upon such filing would be deemed to be incorporated by reference into the Time of Sale Disclosure Package, the Registration Statement or into the Prospectus that has not been so filed, (D) subsequent to the respective dates as of which information is given, no material adverse change given in the condition (financial or otherwise)Time of Sale Disclosure Package, business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have subsidiaries has incurred any material liabilities or material obligations, direct or contingent, or entered into any material transactiontransactions, contract or agreement not in the ordinary course of business business, or declared or paid any dividends or made any distribution of any kind with respect to its capital stock, and except as disclosed in the Time of Sale Disclosure Package or in the Prospectus, there has not been any change in the capital stock (other than as referred to or contemplated a change in the Registration Statement; and number of outstanding shares of Common Stock due to the issuance of shares upon the exercise of outstanding options or warrants), or any material change in the short-term or long-term debt, or any issuance of options, warrants, convertible securities or other rights to purchase the capital stock, of the Company, or any of its subsidiaries, or any Material Adverse Change or any development involving a prospective Material Adverse Change (ivwhether or not arising in the ordinary course of business), or any loss by strike, fire, flood, earthquake, accident or other calamity, whether or not covered by insurance, incurred by the Company or any subsidiary, and (E) except as set forth stated in each preliminary prospectus and the Time of Sale Disclosure Package or in the Prospectus, no there is not pending, or, to the knowledge of the Company, threatened or contemplated, any action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against which the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries subsidiaries is a party before or by any commissioncourt or governmental agency, board authority or administrative agency in the United States body, or elsewhereany arbitrator, wherein an unfavorable decision, ruling or finding which could reasonably be expected, individually or in the aggregate, expected to result in a any Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such dateChange. (cj) No Underwriter The Securities shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested been duly authorized for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed listing on the NASDAQ Nasdaq Global Market, subject to Market upon official notice of issuance. (hk) FINRA shall The Company will use commercially reasonable efforts to have confirmed that it has not raised any objection with respect to the fairness and reasonableness Common Stock reserved for issuance upon the exercise of the underwriting terms and arrangements Underwriting Warrants approved for this offering. (i) At listing on the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on Nasdaq Global Market subsequent to the Closing Date. (jl) The Company shall have furnished to the Underwriter and counsel for the Underwriter such additional documents, certificates and evidence as the Underwriter or counsel for the Underwriter may have reasonably requested. All proceedings taken at or prior to each Closing Date such opinions, certificates, letters and other documents will be in connection compliance with the sale of the Shares shall be reasonably provisions hereof only if they are satisfactory in form and substance to you the Underwriter and counsel to for the several Underwriters, and at Underwriter. The Company will furnish the time of signing this Agreement and on the Closing Date, you and Underwriter with such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company conformed copies of such cancellation on or prior to opinions, certificates, letters and other documents as the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseUnderwriter shall reasonably request.

Appears in 1 contract

Samples: Underwriting Agreement (Chinacast Education Corp)

Conditions of the Underwriters’ Obligations. The several respective obligations of the several Underwriters hereunder to purchase the Securities are subject to the accuracy, as of the date hereof, at the Closing Date, of and compliance in all material respects with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or an Underwriter for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each Closing Date, The Common Stock and Warrant Shares shall be qualified for listing on the NASDAQ Capital Market. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement shall be true underwriting terms and correct with arrangements. (d) None of the same effect as if made on and as of such Closing Date and the Company Underwriters shall have performed all of reasonably determined, and advised the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in such Underwriter’s reasonable opinion, is material, or omit omits to state any a fact which, in such Underwriter’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On the Closing Date, there shall have beenbeen furnished to the Underwriters the opinion and negative assurance letter of Sichenzia Xxxx Xxxxxxxx Xxxxxxx LLP, corporate counsel for the Company, dated the Closing Date, and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (f) On the Closing Date, there shall have been furnished to the Underwriters the opinion and negative assurance letter of Xxxxxx LLP, intellectual property counsel for the Company dated the Closing Date, and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (g) On the Closing Date, there shall have been furnished to the Underwriters the negative assurance letter of Xxxxxxxxxx Xxxxxxx LLP, counsel to the Underwriters, dated the Closing Date, and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (h) The Underwriters shall have received a letter of BDO USA, LLP on the date hereof and on the Closing Date, addressed to the Representative, as representative of the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), business, prospects or results the conclusions and findings of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, said firm with respect to the sufficiency of all corporate proceedings financial information and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved required by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company of such cancellation on or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwise.

Appears in 1 contract

Samples: Underwriting Agreement (ContraVir Pharmaceuticals, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of each Underwriter hereunder to purchase the Underwriters hereunder Securities are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance in all material respects with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Final Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each Closing Date, The Shares shall be qualified for listing on NASDAQ. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Representative’s reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On the applicable Closing Date, there shall have beenbeen furnished to the Representative the opinion and negative assurance letters of Blank Rome LLP and The Xxxxxxxxx Law Group, P.C., each dated as of the applicable Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (f) On the applicable Closing Date, there shall have been furnished to the Representative an opinion and negative assurance letter from each of Xxxxxx, Xxxxx & Bockius LLP and Xxxxxxxx & Xxxxxxxx LLP the Company’s intellectual property counsels, dated as of the applicable Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (g) The Representative shall have received a letter of Xxxxxxx & Company, on the date hereof and on the applicable Closing Date addressed to the Representative, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm, prospects or results of operations of the type ordinarily included in accountants’ “comfort letters” to underwriters, with respect to the financial information, including any financial information contained in Exchange Act Reports filed by the Company and its subsidiaries, taken as a whole, from that set forth or incorporated by reference in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus, and other matters required by the Representative. (h) On the applicable Closing Date, there shall have been furnished to the Representative a certificate, dated the Closing Date and addressed to the Representative, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) To the best of their knowledge, after due investigation, the representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date (except changes that representations and warranties which refer to facts existing as of a specific date, which shall be true and correct, in all material respects, as of such date), and the Company has complied with all the agreements and satisfied all the conditions set forth in this Agreement on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (ji) All proceedings taken at On or prior to each Closing Date in connection with before the sale of date hereof, the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel Representative shall have received duly executed “lock-up” agreements, in the form attached hereto as Schedule III, between the Representative and each of the Company’s officers and every directors set forth on Schedule IV hereto. (j) The Company shall have furnished to the Representative and its counsel such additional documentdocuments, letter, opinion, certificate certificates and evidence as the Representative or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such its counsel may have reasonably request in connection with each preliminary prospectusrequested. (k) The Representative shall have received copies of the Warrants executed by the Company. (l) The Common Stock shall be registered under the Exchange Act and shall be listed on NASDAQ, and the Company shall not have taken any action designed to terminate, or likely to have the effect of terminating, the Prospectus, the Registration Statement, the offer and sale registration of the Shares hereunderCommon Stock under the Exchange Act or delisting or suspending from trading the Common Stock from NASDAQ, nor shall the Company have received any information suggesting that the Commission is contemplating terminating such registration or proceedings at the Closing Datelisting. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(vii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Neuralstem, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters Underwriter hereunder are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date) of and compliance with all representations, warranties and agreements of the Company contained herein (except to the extent any such representations, warranties or agreements expressly relate to a specified earlier date, in which case, such representations, warranties and agreements shall be accurate or complied with as of such specified earlier date), to the performance by the Company of its obligations hereunder and to the following additional conditions, in each case unless waived by the Underwriter: (a) The If the filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or Rule 164(b)); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before initiated or, to the knowledge Company’s knowledge, threatened; any request of the Commission for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any Issuer Free Writing Prospectus or otherwise) shall have been complied with to the Underwriter’s reasonable satisfaction; and FINRA shall have raised no objection to the fairness and reasonableness of the underwriting terms and compensation arrangements. (b) The Underwriter shall not have advised the Company that the Registration Statement, the Time of Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, or any Issuer Free Writing Prospectus, contains an untrue statement of fact which, in the Underwriter’s opinion, is material, or omits to state a fact which, in the Underwriter’s opinion, is material and is required to be stated therein or necessary to make the statements therein not misleading, unless, in each case, the Company shall have filed an amendment or supplement to the Registration Statement, the applicable documents included in the Time of Sale Disclosure Package, the Prospectus or the Issuer Free Writing Prospectus to correct such statement of fact or omission. (c) Except as contemplated in the Time of Sale Disclosure Package and in the Prospectus, subsequent to the respective dates as of which information is given in the Time of Sale Disclosure Package and the Prospectus, neither the Company nor any of its subsidiaries shall have incurred any liabilities or obligations, direct or contingent which are material to the Company and its subsidiaries taken as a whole, entered into any transactions not in the ordinary course of business which are material to the Company and its subsidiaries taken as a whole, or declared or paid any dividends or made any distribution of any kind with respect to its capital stock; and except as disclosed in the Time of Sale Disclosure Package and in the Prospectus, there shall not have been any change in the capital stock (other than a change in the number of outstanding shares of Common Stock due to the issuance of shares (i) upon the exercise or conversion of outstanding options, warrants or convertible notes or vesting of any outstanding restricted stock units or (ii) sold in the ATM Offering), any material change in the short-term or long-term debt of the Company except for the extinguishment thereof, any issuance of options, warrants, convertible securities or other rights to purchase the capital stock of the Company or any of the RepresentativesCompany’s subsidiaries (other than the issuance of options, restricted stock units and other awards or shares under the Company’s equity incentive plans and employee stock purchase plans), or any Material Adverse Change, the effect of which, in any such case described above, in the Underwriter’s reasonable judgment, makes it impractical or inadvisable to offer or deliver the Shares on the terms and in the manner contemplated in the Time of Sale Disclosure Package, the Registration Statement and the Prospectus. (d) On or after the Time of Sale (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical rating organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (e) On the Closing Date and the Option Closing Date, if any, there shall have been furnished to the Underwriter the opinion of Xxxxxxxxx Xxxxxxx, LLP, counsel for the Company, dated the Closing Date and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (f) On the date of the execution of this Agreement, on the effective date of any post-effective amendment to the Registration Statement filed subsequent to the date of this Agreement and also at each of the Closing Date and the Option Closing Date, if any, the Underwriter shall have received a letter of Xxxxxxxx, LLP, dated the respective dates of delivery thereof, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (g) On the Closing Date, there shall have been furnished to the Underwriter a certificate, dated the Closing Date and addressed to the Underwriter, signed by the chief executive officer or the chief financial officer of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date (except to the extent any such representations or warranties expressly relate to a specified earlier date, in which case, such representations and warranties shall be true and correct as of such specified earlier date), and the Company has complied in all material respects with all the material agreements and satisfied in all material respects all the material conditions on its part to be performed or satisfied at or prior to the Closing Date (except for any such agreements or conditions that have been waived by the Underwriter); (ii) No stop order or other order suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof or the qualification of the Shares for offering or sale nor suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to the signer’s knowledge, is contemplated by the Commission or any state securities or “Blue Sky” commissioner or authority.regulatory body; and (biii) At each Closing Date, (i) the representations and warranties The signer of the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) said certificate has carefully examined the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus Prospectus, and any amendments thereof or supplements thereto shall in all material respects conform (including any documents filed under the Exchange Act and deemed to be incorporated by reference into the requirements Time of Sale Disclosure Package, the Registration Statement or the Prospectus), and (A) each part of the Registration Statement and the Prospectus, and any amendments thereof or supplements thereto (including any documents filed under the Exchange Act and deemed to be incorporated by reference into the Rules and RegulationsProspectus) contain, and neither contained when such part of the Registration Statement (or such amendment) became effective, all statements and information required to be included therein, each part of the Registration Statement, any preliminary prospectus or the Prospectus, or any amendment thereof, does not contain, and did not contain when such part of the Registration Statement (or supplement theretosuch amendment) became effective, shall contain any untrue statement of a material fact or omit to state, and did not omit to state when such part of the Registration Statement (or such amendment) became effective, any material fact required to be stated therein or necessary to make the statements therein not misleading; , and the Prospectus, as amended or supplemented, does not include and did not include as of its date or the time of first use within the meaning of the Rules and Regulations, any untrue statement of a material fact or omit to state, and did not omit to state as of its date or the time of first use within the meaning of the Rules and Regulations, a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading (iiiB) neither (1) the Time of Sale Disclosure Package nor (2) any individual Issuer Limited-Use Free Writing Prospectus, when considered together with the Time of Sale Disclosure Package, include, nor included as of the Time of Sale, any untrue statement of a material fact or omits, or omitted as of the Time of Sale, 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, (C) since the Time of Sale, there shall have beenhas occurred no event required to be set forth in an amended or supplemented prospectus which has not been so set forth, since and there has been no document required to be filed under the Exchange Act that upon such filing would be deemed to be incorporated by reference into the Time of Sale Disclosure Package, the Registration Statement or the Prospectus that has not been so filed, (D) except as contemplated in the Time of Sale Disclosure Package and in the Prospectus, subsequent to the respective dates as of which information is given, no material adverse change given in the condition (financial or otherwise)Time of Sale Disclosure Package, business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have subsidiaries has incurred any material liabilities or material obligations, direct or contingent, or which are material to the Company and its subsidiaries taken as a whole, entered into any material transaction, contract or agreement transactions not in the ordinary course of business other than which are material to the Company and its subsidiaries taken as referred a whole, declared or paid any dividends or made any distribution of any kind with respect to or contemplated its capital stock, and except as disclosed in the Registration Statement; Time of Sale Disclosure Package and (iv) except as set forth in each preliminary prospectus and the Prospectus, no actionthere has not been any change in the capital stock (other than a change in the number of outstanding shares of Common Stock due to the issuance of shares upon the exercise or conversion of outstanding options, suit warrants or proceeding at law convertible notes or in equity shall be pending or, vesting of any restricted stock units pursuant to the Company’ knowledge’s existing equity incentive plan or employee stock purchase plan), threatened against any material change in the Company’s short-term or long-term debt except for the extinguishment thereof, any issuance of options, warrants, convertible securities or other rights to purchase the capital stock of the Company or any of its Subsidiaries that would be required to be set forth subsidiaries (other than the issuance of options, restricted stock units and other awards or shares under the Company’s equity incentive plan and employee stock purchase plan), or any Material Adverse Change, and (E) except as stated in the Registration StatementTime of Sale Disclosure Package and in the Prospectus, and no proceedings shall be pending there is not pending, or, to the knowledge of the Company’ knowledge, threatened against or contemplated, any action, suit or proceeding to which the Company or any of its Subsidiaries subsidiaries is a party before or by any commissioncourt or governmental agency, board authority or administrative agency in body, or any arbitrator, the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expectednegative outcome of which, individually or in the aggregate, to would result in a any Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such dateChange. (ch) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the The Company shall have furnished to the Underwriter and counsel for the Underwriter such additional documents, certificates and evidence as the Underwriter or counsel such documents as they for the Underwriter may have reasonably requested for the purpose of enabling them to pass upon requested. All such matters. (e) On each Closing Date you shall have received the signed opinionopinions, dated as of such datecertificates, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the letters and other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall documents will be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection compliance with the sale of the Shares shall be provisions hereof only if they are reasonably satisfactory in form and substance to you the Underwriter and counsel to for the several Underwriters, and at Underwriter. The Company will furnish the time of signing this Agreement and on the Closing Date, you and Underwriter with such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company conformed copies of such cancellation on or prior to opinions, certificates, letters and other documents as the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseUnderwriter shall reasonably request.

Appears in 1 contract

Samples: Underwriting Agreement (Aqua Metals, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder are Underwriter to purchase and pay for the Shares on the Closing Date will be subject to the following conditions: (a) The Registration Statement shall have become effective under the Act and, at accuracy on the Closing Date, no stop order suspending the effectiveness Date as if made on and as of the Registration Statement or the qualifications of the Shares shall have been issued and no proceedings for that purpose shall have been instituted before or, Closing Date (other to the knowledge extent any such representation or warranty is expressly made as of the Company or the Representatives, shall be contemplated by the Commission or any state securities or “Blue Sky” commissioner or authority. (ba certain date) At each Closing Date, (i) of the representations and warranties of the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Company shall have performed all Selling Stockholders herein, to the accuracy of the obligations and complied with all statements of the conditions hereunder on its part to be performed or complied with on or prior Company officers made pursuant to the Closing Date; (ii) the Registration Statementprovisions hereof, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus or the Prospectus, or any amendment or supplement thereto, shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading; (iii) there shall have been, since the respective dates as of which information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of performance by the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus Selling Stockholders of their obligations hereunder and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you following additional conditions precedent: (a) The Underwriter shall have received at each the time this Agreement is executed and on the Closing Date a signed letter from Deloitte & Touche LLP addressed to the Underwriter and dated, respectively, the date of this Agreement and the Closing Date, a certificate in form and substance reasonably satisfactory to the Underwriter containing statements and information of the principal executive officer type ordinarily included in accountants’ “comfort letters” to Underwriter with respect to the financial statements and certain financial information contained in the Registration Statement and the principal financial or accounting officer of Statutory Prospectus and the General Disclosure Package, including, but not limited to, the matters set forth in Exhibit F hereto. (b) The Underwriter shall have received on the Closing Date from Akin Gump Xxxxxxx Xxxxx & Xxxx LLP, counsel for the Company, an opinion, addressed to the Underwriter and dated as of such the Closing Date, evidencing compliance with substantially in the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company form set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such dateExhibit G hereto. (c) No The Underwriter shall have discovered received on the Closing Date from Xxxx Xxxx, Vice President, General Counsel and disclosed Secretary of the Company, an opinion, addressed to the Company prior to any Underwriter and dated the Closing Date that the Registration StatementDate, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that substantially in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary form set forth in order to make the statements therein not misleadingExhibit H hereto. (d) On each Closing Date you The Underwriter shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx on the Closing Date from Akin Gump Xxxxxxx Xxxxx & Markiles Xxxx LLP, counsel for each of Apollo Investment Fund V, L.P., a Delaware limited partnership, Apollo Overseas Partners V, L.P., a Cayman exempt limited partnership, Apollo Netherlands Partners V (A), L.P., a Cayman exempt limited partnership, Apollo Netherlands Partners V (B), L.P., a Cayman exempt limited partnership, and Apollo German Partners V Gmbh & Co. KG, a company formed under the laws of Germany, an opinion, with respect to Apollo Investment Fund V, L.P. addressed to the several UnderwritersUnderwriter and dated the Closing Date, substantially in the form set forth in Exhibit I hereto. (e) The Underwriter shall have received on the Closing Date from Walkers, counsel for each of Apollo Overseas Partners V, L.P., Apollo Netherlands Partners V (A), L.P. and Apollo Netherlands Partners V (B), L.P., an opinion with respect to such Cayman exempt limited partnerships, addressed to the Underwriter and dated the Closing Date, substantially in the form set forth in Exhibit J hereto. (f) The Underwriter shall have received on the Closing Date from Faegre & Xxxxxx LLP, counsel for each of the Individual Selling Stockholders, an opinion, addressed to the Underwriter and dated the Closing Date, substantially in the form set forth in Exhibit K hereto. (g) The Underwriter shall have received on the Closing Date from Skadden, Arps, Slate, Xxxxxxx & Xxxx LLP an opinion reasonably satisfactory to the Underwriter addressed to the Underwriter and dated the Closing Date, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement Shares, the Registration Statement and the transactions contemplated herebyStatutory Prospectus, and such other related matters, as the Underwriter may reasonably request, and the Company shall have furnished to such counsel Skadden, Arps, Slate, Xxxxxxx & Xxxx LLP such documents as they may have reasonably requested request for the purpose of enabling them to pass upon such matters. (eh) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each Each of the other Underwriters. (f) At Power of Attorney and the time of the signing of this Custody Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you the Underwriter when executed and counsel delivered by the respective parties thereto and shall be in full force and effect, and there shall have been no material amendments, alterations, modifications or waivers of any provisions thereof since the date of this Agreement. (i) The Shares shall have been approved for quotation on the NASDAQ National Market. (j) The Prospectus shall have been filed with the Commission in accordance with Section 5(a) of this Agreement. No order preventing or suspending the use of any Preliminary Prospectus or the Prospectus shall have been or shall be in effect and no order suspending the effectiveness of the Registration Statement shall be in effect and no proceedings for such purpose shall be pending before or threatened by the Commission, no order having the effect of ceasing or suspending the distribution of the Shares shall have been issued or proceedings therefore initiated or threatened by any securities commission, securities regulatory authority or stock exchange in the United States and any requests for additional information on the part of the Commission (to be included in the Registration Statement or the Prospectus or otherwise) shall have been complied with to the several Underwriterssatisfaction of the Commission and the Underwriter If the Company has elected to rely upon Rule 430A, Rule 430A information previously omitted from the effective Registration Statement pursuant to Rule 430A shall have been transmitted to the Commission for filing pursuant to Rule 424(b) within the prescribed time period and the Company shall have provided evidence satisfactory to the Underwriter of such timely filing, or a post-effective amendment providing such information shall have been promptly filed and declared effective in accordance with the requirements of Rule 430A. (k) Subsequent to the Applicable Time, there shall not have occurred (i) any change, or any development or event involving a prospective change in the condition (financial or other), business, properties or results of operations of the Company and its subsidiaries taken as one enterprise which, in the judgment of the Underwriter, is material and adverse and makes it impractical or inadvisable to proceed with completion of the public offering or the sale of and payment for the Shares; (ii) any downgrading in the rating of any debt securities or preferred stock of the Company by any “nationally recognized statistical rating organization” (as defined for purposes of Rule 436(g) under the Securities Act), or any public announcement that any such organization has under surveillance or review its rating of any debt securities or preferred stock of the Company (other than an announcement with positive implications of a possible upgrading, and at no implication of a possible downgrading, of such rating); (iii) any change in U.S. or international financial, political or economic conditions or currency exchange rates or exchange controls as would, in the time judgment of signing the Underwriter, makes it impractical or inadvisable to proceed with completion of the public offering or the sale of and payment for the Shares; (iv) any material suspension or material limitation of trading in securities generally on the NASDAQ National Market, or any setting of minimum prices for trading on such exchange; (v) or any suspension of trading of any securities of the Company on any exchange or in the over-the-counter market; (vi) any banking moratorium declared by U.S. Federal or New York authorities; (vii) any major disruption of settlements of securities or clearance services in the United States or (viii) any attack on, outbreak or escalation of hostilities involving the United States, any declaration of war by Congress or any other national or international calamity or emergency if, in the judgment of the Underwriter, the effect of any such attack, outbreak, escalation, act, declaration, calamity or emergency makes it impractical or inadvisable to proceed with completion of the public offering or the sale of and payment for the Shares. (l) The Underwriter shall have received a certificate, dated as of such Closing Date, of the President or any Vice President and a principal financial or accounting officer of the Company in which such officers, to the best of their knowledge after reasonable investigation, shall state that: the representations and warranties of the Company in this Agreement are true and correct on the Closing Date as if made on and as of the Closing Date (other than to the extent any such representation or warranty is expressly made as of a certain date); the Company has complied with all agreements and satisfied all conditions on its part to be performed or satisfied hereunder at or prior to the Closing Date; no stop order suspending the effectiveness of any Registration Statement has been issued and no proceedings for that purpose have been instituted or are contemplated by the Commission; subsequent to the dates of the most recent financial statements in the Prospectus, there has been no material adverse change, nor any development or event involving a prospective material adverse change, in the condition (financial or other), business, properties or results of operations of the Company and its subsidiaries taken as a whole except as set forth in the General Disclosure Package or as described in such certificate; they have carefully examined the Registration Statement and the General Disclosure Package and, in their opinion (A) as of the Applicable Time, the Registration Statement and General Disclosure Package did not include any untrue statement of a material fact and did not omit to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (B) since the Applicable Time, no event has occurred which should have been set forth in a supplement or otherwise required an amendment to the Registration Statement or the General Disclosure Package. (m) The Underwriter shall have received a certificate, dated as of the Closing Date, you and such counsel shall have received of each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunderSelling Stockholder, or proceedings at a duly authorized representative thereof, in which such Selling Stockholder shall state that: the representations and warranties of such Selling Stockholder in this Agreement are true and correct on the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled Date as if made on and as of the date indicated, Closing Date (other than to the extent any such representation or warranty is expressly made as of a certain date); such Selling Stockholder has complied with all obligations of the several Underwriters under this Agreement may agreements and satisfied all conditions on its part to be cancelled by the Representatives by notifying the Company of such cancellation on performed or satisfied hereunder at or prior to the applicable Closing Date; they have carefully examined the Registration Statement and the General Disclosure Package and, in their opinion (A) as of the Applicable Time, the Registration Statement and General Disclosure Package did not include any untrue statement of a material fact and did not omit to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading only to the extent that any statements in or omissions from such Registration Statement or General Disclosure Package are based on written information furnished to the Company by or on behalf of such Selling Stockholder specifically for use therein as described in Section 7(b) hereof, and (B) since the Applicable Time, no event has occurred which should have been set forth in a supplement or otherwise required an amendment to the Registration Statement or the General Disclosure Package with respect to any written information furnished to the Company by or on behalf of such Selling Stockholder specifically for use therein as described in Section 7(b) hereof. (n) The Custodian will to deliver to the Underwriter a letter stating that it will deliver to each Selling Stockholder a United States Treasury Department Form 1099 (or other applicable form or statement specified by the United States Treasury Department regulations in lieu thereof) on or before January 31 of the year following the date of this Agreement. (o) The Underwriter shall have received a copy of a Lock-Up Agreement substantially in the form of Exhibit A hereto executed by each entity or person listed on Schedule II hereto. The Representatives Company and the Selling Stockholders will furnish the Underwriter with such conformed copies of such opinions, certificates, letters and documents as the Underwriter reasonably requests. The Underwriter may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters Underwriter hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwise.

Appears in 1 contract

Samples: Underwriting Agreement (Uap Holding Corp)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder to purchase the Shares are subject to the accuracy, as of the date hereof and at the Closing Date and any Option Closing Date (as if made at such date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriters for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the reasonable satisfaction of the Representative; and FINRA shall have raised no objection to the fairness and reasonableness of the underwriting terms and arrangements. (b) At each Closing DateThe Representative shall not have reasonably determined, (i) and advised the representations and warranties of the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Representative's reasonable opinion, is material, or omit omits to state any a fact which, in the Representative's reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiic) there On or after the date hereof (i) no downgrading shall have beenoccurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, since and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (d) Except as contemplated in the Time of Sale Disclosure Package or in the Prospectus, subsequent to the respective dates as of which information is given, no material adverse change given in the condition (financial or otherwise), business, prospects or results Time of operations Sale Disclosure Package and prior to the later of the Company and its subsidiariesClosing Date or Option Closing Date, taken as a wholeapplicable, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transactiontransactions, contract or agreement declared or paid any dividends or made any distribution of any kind with respect to its capital stock; and there shall not have been any change in the ordinary course of business capital stock (other than as referred to or contemplated a change in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, number of outstanding shares of Common Stock due to the issuance of shares upon the exercise of outstanding options or warrants), or any material change in the short-term or long-term debt of the Company’ knowledge, threatened against or any issuance of options, warrants, convertible securities or other rights to purchase the capital stock of the Company or any of its Subsidiaries that would be required to be set forth subsidiaries, or any Material Adverse Effect (whether or not arising in the Registration Statementordinary course of business), and no proceedings shall be pending oror any loss by strike, to the Company’ knowledgefire, threatened against flood, earthquake, accident or other calamity, whether or not covered by insurance, incurred by the Company or any subsidiary, the effect of its Subsidiaries before or by which, in any commissionsuch case described above, board or administrative agency in the United States Representative’s judgment, makes it impractical or elsewhereinadvisable to offer or deliver the Shares or the Additional Shares, wherein an unfavorable decisionas applicable, ruling or finding could reasonably be expected, individually or on the terms and in the aggregatemanner contemplated in the Time of Sale Disclosure Package, the Registration Statement and in the Prospectus. (e) There has been no occurrence of any event resulting or reasonably likely to result in a Material Adverse Effect; Effect during the period from and you after the date of this Agreement and prior to the Closing Date or Option Closing Date, as the case may be. (f) On the Closing Date and any Option Closing Date, there shall have been furnished to the Underwriters the (i) opinion and negative assurance letters of K&L Gates LLP, (ii) opinion of Cxxxxxx Dxxx & Pxxxxxx, and (iii) opinion of Hua Hong Law Office, each of which who are counsel to the Company, dated the Closing Date and Option Closing Date, as applicable, and addressed to the Underwriters, in substantially the form and substance set forth in Schedule II. (g) On the Closing Date and any Option Closing Date, the Underwriters shall have received at a letter of BDO MxXxxx Lo Limited, dated the Closing Date and addressed to the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the Time of Sale Disclosure Package, as of a date not prior to the date hereof or more than five days prior to the date of such letter), the conclusions and findings of said firm with respect to the financial information and other matters covered by its letter delivered to the Representative concurrently with the execution of this Agreement, and the effect of the letter so to be delivered on the Closing Date and any Option Closing Date shall be to confirm the conclusions and findings set forth in such prior letter. (h) On each of the Closing Date and each Option Closing Date, there shall have been furnished to the Underwriters a certificate of certificate, dated the principal Closing Date and addressed to the Underwriters, signed by the chief executive officer and the principal chief financial or accounting officer of the Company, dated in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of such the Closing Date or Option Closing Date, evidencing compliance with as the provisions of this Subsection 5(b)case may be, and confirming the accuracy Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date or Option Closing Date, as the case may be; (ii) No stop order or other order (A) suspending the effectiveness of the representations Registration Statement or any part thereof or any amendment thereof, (B) suspending the qualification of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by Shares for offering or sale, or (C) suspending or preventing the Company have been met as use of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration StatementTime of Sale Disclosure Package, any preliminary prospectus or the Prospectus or any amendment Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to their knowledge, is contemplated by the Commission or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, any state or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading.regulatory body; and (diii) On each Closing Date you shall have received There has been no occurrence of any event resulting or reasonably likely to result in a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to Material Adverse Effect during the several Underwriters, with respect to period from and after the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each prior to the Closing Date or Option Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offeringcase may be. (i) At The “lock-up” agreements between the date Representative and the stockholders, officers and directors of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons Company listed on Schedule B heretoIV, and such agreements delivered to the Representative on or before the date hereof, shall be in full force and effect on the Closing Date or such Option Closing Date, as applicable. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares The Company shall be reasonably satisfactory in form and substance to you and counsel have furnished to the several UnderwritersUnderwriters and their counsel such additional documents, certificates and at evidence as the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate Underwriters or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such their counsel may have reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(vii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (China-Biotics, Inc)

Conditions of the Underwriters’ Obligations. The several obligations of each Underwriter hereunder to purchase the Underwriters hereunder Securities are subject to the accuracy, as of the date hereof and at the Closing Date and each Option Closing Date (as if made at the Closing Date or Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Statutory Prospectus, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each Closing Date, The Shares shall be qualified and approved for listing on Nasdaq. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Time of Sale Disclosure Package, the Statutory Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Representative’s reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; (iiie) Between the date hereof and the Closing Date or Option Closing Date, as applicable, (A) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical rating organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (B) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date and each Option Closing Date, there shall have beenbeen furnished to the Representative the opinion and negative assurance letter of Faegre Drinker Xxxxxx & Xxxxx LLP, corporate counsel for the Company, dated as of the Closing Date or Option Closing Date, as applicable, and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (g) On the Closing Date and each Option Closing Date, there shall have been furnished to the Representative an opinion from Xxx Xxxxxxxx, Registered Patent Attorney, P.A., the Company’s intellectual property counsel, dated as of the Closing Date or Option Closing Date, as applicable, and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (h) On the Closing Date and each Option Closing Date, there shall have been furnished to the Representative a negative assurance letter from Xxxxxxxxxx Xxxxxxx LLP, counsel to the Underwriters, dated as of the Closing Date or Option Closing Date, as applicable, and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (i) The Representative shall have received a letter of Ernst & Young LLP, on the date hereof and on the Closing Date and each Option Closing Date addressed to the Representative, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm, prospects or results of operations of the type ordinarily included in accountants’ “comfort letters” to underwriters, with respect to the financial information, including any financial information contained in the SEC Reports filed by the Company and its subsidiaries, taken as a whole, from that set forth or incorporated by reference in the Registration Statement, each preliminary prospectus the Statutory Prospectus and the Prospectus, except changes and other matters required by the Representative. (j) On the Closing Date and each Option Closing Date, there shall have been furnished to the Representative a certificate, dated the Closing Date or Option Closing Date, as applicable, and addressed to the Representative, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date or Option Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date or Option Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you after the date of this Agreement and prior to the Closing Date or Option Closing Date. (k) On or before the date hereof, the Representative shall have received at duly executed Lock-Up Agreements, in the form attached hereto as Schedule III, between the Representative and each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company parties set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such dateon Schedule IV hereto. (cl) No Underwriter The Common Stock shall have discovered be registered under the Exchange Act and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to shall be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated herebylisted on Nasdaq, and the Company shall not have taken any action designed to terminate, or likely to have the effect of terminating, the registration of the Common Stock under the Exchange Act or delisting or suspending from trading the Common Stock from Nasdaq, nor shall the Company have received any information suggesting that the Commission is contemplated terminating such registration or listing. (m) The Company shall have furnished to such the Representative and its counsel such documents additional documents, certificates and evidence as they the Representative or its counsel may have reasonably requested for the purpose of enabling them to pass upon such mattersrequested. (en) On each the Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Option Closing Date, you the Shares shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & been delivered via the Depository Trust Company Certified Public Accountants PC, addressed system to the Underwriters (with executed copies for each accounts of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Date or Option Closing Date, an Additional Closing Date or otherwiseas applicable, and such termination shall be without liability of any party to any other party, except that Section 5(a)(x), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Brickell Biotech, Inc.)

Conditions of the Underwriters’ Obligations. The several respective obligations of the several Underwriters hereunder to purchase the Shares and the Warrants comprising the Underwritten Units are subject to the accuracy, as of the date hereof and at all times through the Closing Date, and on each Option Closing Date (as if made on the Closing Date or such Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Final Prospectus, or any amendment or supplement thereto, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Final Prospectus (or such amendment or supplement) with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, any Prospectus or the Final Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representatives for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, any state securities Prospectus or “Blue Sky” commissioner the Final Prospectus or authorityotherwise) shall have been complied with to the reasonable satisfaction of the Representatives. (b) At each Closing DateThe Listed Securities shall be qualified for listing on Nasdaq Capital Market, subject only to official notice of issuance and evidence of satisfactory distribution. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representatives shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration StatementSale Disclosure Package, any preliminary prospectus or Prospectus, the Final Prospectus, or any amendment thereof or supplement thereto, shall contain any contains an untrue statement of a material fact whichRepresentatives is material, or omit omits to state any a fact whichRepresentatives is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On the Closing Date and on each Option Closing Date, there shall have beenbeen furnished to the Representatives, for the benefit of the Underwriters, the opinion and negative assurance letters of Ellenoff Gxxxxxxx & Schole LLP, United States counsel to the Company, each dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representatives. (f) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Representatives, for the benefit of the Underwriters, the customary corporate law opinion of Fasken Mxxxxxxxx DuMoulin LLP, Canadian counsel to the Company, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representatives. (g) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Representatives, for the benefit of the Underwriters, the negative assurance letter of Lxxxxxxxxx Xxxxxxx LLP, counsel to the Underwriters, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to Representatives. (h) The Representatives, for the benefit of the Underwriters, shall have received letters of Bxxxx Xxxxx and Cxxxxxx Bxxxxx Toronto LLP, on the date hereof and on the Closing Date and on each Option Closing Date, addressed to the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth given in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Final Prospectus, except changes as of a date not prior to the date hereof or more than five days prior to the date of such letter), the conclusions and findings of said firms with respect to the financial information and other matters reasonably required by the Underwriters. (i) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Representatives, for the benefit of the Underwriters, a certificate, dated the Closing Date and on each Option Closing Date and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date and on the Option Closing Date, and the Company has complied in all material respects with all the agreements and satisfied all the conditions on its part required to be performed or satisfied at or prior to the Closing Date or on the Option Closing Date, as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, any Prospectus or the Final Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and prior to the Closing Date or on each the Option Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwritersapplicable. (gj) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At On or before the date of this Agreementhereof, the Representatives shall have received duly executed lock-up agreement (each a “Lock-Up Agreement”) in the form set forth on Exhibit A hereto, by and between the Representatives and each of the parties specified in Schedule III. If the Representatives, in their sole discretion, agree to release or waive the restrictions set forth in the Lock-Up Agreement for an agreement officer or director of the Company and provide the Company with notice of the impending release or waiver at least three business days before the effective date of the release or waiver, the Company agrees to announce the impending release or waiver by a press release substantially in the form of Annex A Exhibit B hereto signed by through a major news service at least two business days before the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on effective date of the Closing Daterelease or waiver. (jk) All proceedings taken at The Company shall have furnished to the Underwriters and their counsel such additional documents, certificates and evidence as the Representatives or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on Underwriters may have reasonably requested. (l) On the Closing Date, you and such counsel the Company shall have received each issued and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory delivered the Underwriter Warrants to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing DateUnderwriters. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive Date or on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Option Closing Date, an Additional Closing Date or otherwiseas applicable, and such termination shall be without liability of any party to any other party, except that Section 5(a)(viii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Frankly Inc)

Conditions of the Underwriters’ Obligations. The several obligations of each Underwriter hereunder to purchase the Underwriters hereunder Securities are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462(b) Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each Closing DateThe Shares, the Pre-Funded Warrant Shares and Warrant Shares shall be qualified and approved for listing on Nasdaq. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Representative’s reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; (iiie) Between the date hereof and the Closing Date (A) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical rating organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (B) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date, there shall have beenbeen furnished to the Representative the opinion and negative assurance letter of Faegre Drinker Xxxxxx & Xxxxx LLP, corporate counsel for the Company, dated as of the Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (g) On the Closing Date, there shall have been furnished to the Representative an opinion from Xxx Xxxxxxxx, Registered Patent Attorney, P.A., the Company’s intellectual property counsel, dated as of the Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (h) On the Closing Date, there shall have been furnished to the Representative a negative assurance letter from Xxxxxxxxxx Xxxxxxx LLP, counsel to the Underwriters, dated as of the Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (i) The Representative shall have received a letter of Ernst & Young LLP, on the date hereof and on the Closing Date addressed to the Representative, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2 01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm, prospects or results of operations of the type ordinarily included in accountants’ “comfort letters” to underwriters, with respect to the financial information, including any financial information contained in the SEC Reports filed by the Company and its subsidiaries, taken as a whole, from that set forth or incorporated by reference in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus, except changes and other matters required by the Representative. (j) On the Closing Date, there shall have been furnished to the Representative a certificate, dated the Closing Date and addressed to the Representative, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (jk) All proceedings taken at On or prior to before the date hereof, the Representative shall have received duly executed “lock-up” agreements, in the form attached hereto as Schedule III, between the Representative and each Closing Date in connection with the sale of the Shares parties set forth on Schedule IV hereto. (l) The Representative shall have received electronic copies of the Pre-Funded Warrants and/or Warrants executed by the Company. (m) The Common Stock shall be reasonably satisfactory in form registered under the Exchange Act and substance shall be listed on Nasdaq, and the Company shall not have taken any action designed to you and counsel terminate, or likely to have the effect of terminating, the registration of the Common Stock under the Exchange Act or delisting or suspending from trading the Common Stock from Nasdaq, nor shall the Company have received any information suggesting that the Commission is contemplated terminating such registration or listing. (n) The Company shall have furnished to the several UnderwritersRepresentative and its counsel such additional documents, certificates and at evidence as the time of signing this Agreement and on Representative or its counsel may have reasonably requested. (o) On the Closing Date, you and such counsel the Shares shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory been delivered via the Depository Trust Company system to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale accounts of the Shares hereunder, or proceedings at the Closing DateUnderwriters. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(xi), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Brickell Biotech, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder are subject to the accuracy, as of the date hereof and at each of the Closing Date and the Option Closing Date (as if made on the Closing Date or Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company contained herein, to the performance by the Company of its obligations hereunder and to the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or Rule 164(b)); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before initiated or, to the knowledge of the Company or the RepresentativesCompany, shall be contemplated by threatened; any request of the Commission for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any Issuer Free Writing Prospectus or any state securities or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction; and FINRA shall have raised no objection to the fairness and reasonableness of the underwriting terms and arrangements. (b) At each Closing Date, (i) the representations and warranties of The Underwriters shall not have advised the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Underwriters’ reasonable opinion is material, or omit omits to state any a fact which, in the Underwriters’ opinion, is material fact and is required to be stated therein or necessary to make the statements therein therein, in light of the circumstances under which they were made, not misleading; . (iiic) there shall have beenExcept as contemplated in the Time of Sale Disclosure Package and in the Prospectus, since subsequent to the respective dates as of which information is given, no material adverse change given in the condition (financial or otherwise)Time of Sale Disclosure Package, business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transactiontransactions, contract or agreement declared or paid any dividends or made any distribution of any kind with respect to its capital stock; and there shall not have been any change in the ordinary course of business capital stock (other than as referred a change in the number of outstanding Shares or Ordinary Shares due to the issuance of equity compensation awards under the Company’s equity compensation plans, approved by the Board of Directors of the Company, or Shares or Ordinary Shares upon the exercise of outstanding options or warrants), or any material change in the short-term or long-term debt of the Company, except for the extinguishment thereof, or any issuance of options, warrants, convertible securities or other rights to purchase the capital stock of the Company or any Subsidiary, or any Material Adverse Change, or any loss by strike, fire, flood, earthquake, accident or other calamity, whether or not covered by insurance, incurred by the Company or any Subsidiary, the effect of which, in any such case described above, in the Representative’s judgment, makes it impractical or inadvisable to offer or deliver the Securities on the terms and in the manner contemplated in the Time of Sale Disclosure Package, the Registration Statement; Statement and in the Prospectus. (d) On or after the Applicable Time (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ivii) except as set forth in each preliminary prospectus no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (e) On the Closing Date and the Option Closing Date, Xxxxxxx & Co., Israeli counsel for the Company, and Zysman, Aharoni, Xxxxx and Xxxxxxxx & Worcester LLP, U.S. counsel for the Company, shall have each issued to the Underwriters (i) an opinion and (ii) a negative assurance letter, each dated as of the applicable closing date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. (f) On the date of this Agreement at a time prior to the execution of this Agreement, the Underwriters shall have received a letter of the Auditor (the “Comfort Letter”), dated the date of delivery thereof, and addressed to the Representative, in form and substance satisfactory to the Representative. On each of the Closing Date and the Option Closing Date (if applicable), the Representative shall have received a letter of the Auditor as of such closing date to the effect that the Auditor reaffirms the statements made in the Comfort Letter. (g) On each of the Closing Date and the Option Closing Date (if applicable), there shall have been furnished to the Underwriters a certificate, dated as of such closing date and addressed to the Underwriters, signed by the chief executive officer or the chief financial officer of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date or Option Closing Date (as applicable), and the Company has complied, in all material respects, with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date or Option Closing Date (as applicable); and (ii) No stop order or other order suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof or the qualification of the Securities for offering or sale nor suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’s knowledge, is contemplated or threatened against by the Company Commission or any state or regulatory body. (iii) The signers of its Subsidiaries that would be required to be set forth in said certificate have carefully examined the Registration Statement, the Time of Sale Disclosure Package and no proceedings shall the Prospectus, and any amendments thereof or supplements thereto (including any documents filed under the Exchange Act and deemed to be pending orincorporated by reference into the Time of Sale Disclosure Package, the Registration Statement or the Prospectus), and (A) each part of the Registration Statement and the Prospectus, and any amendments thereof or supplements thereto (including any documents filed under the Exchange Act and deemed to be incorporated by reference into the Prospectus) contain, and contained, when such part of the Registration Statement (or such amendment) became effective, all statements and information required to be included therein pursuant to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer Securities Act and the principal financial or accounting officer Rules and Regulations, each part of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment thereof, does not contain, and did not contain, when such part of the Registration Statement (or supplement theretosuch amendment) became effective, contains an any untrue statement of a material fact that in the reasonable opinion of counsel or omit to the Representatives is materialstate, or omits and did not omit to state when such part of the Registration Statement (or such amendment) became effective, any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, and the Prospectus, as amended or supplemented, does not include and did not include as of its date, or the time of first use within the meaning of the Rules and Regulations, any untrue statement of a material fact or omit to state and did not omit to state as of its date, or the time of first use within the meaning of the Rules and Regulations, a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading; (B) neither (1) the Time of Sale Disclosure Package nor (2) any individual Issuer Limited-Use Free Writing Prospectus, when considered together with the Time of Sale Disclosure Package, include, nor included as of the Applicable Time any untrue statement of a material fact and does not omit, and did not omit as of the Applicable Time, to state any material fact necessary in order to make the statements therein therein, in the light of the circumstances under which they were made, not misleading.; (dC) On each Closing Date you shall have received a signed opinionsince the Applicable Time, dated there has occurred no event required to be set forth in an amended or supplemented prospectus which has not been so set forth, and there has been no document required to be filed under the Exchange Act that upon such filing would be deemed to be incorporated by reference into the Time of Sale Disclosure Package, the Registration Statement or into the Prospectus that has not been so filed; (D) subsequent to the respective dates as of such datewhich information is given in the Time of Sale Disclosure Package, neither the Company nor any of Xxxxxxits Subsidiaries has incurred any material liabilities or obligations, Xxxxxxxx & Markiles LLPdirect or contingent, counsel to or entered into any material transactions, not in the several Underwritersordinary course of business, or declared or paid any dividends or made any distribution of any kind with respect to its capital stock and, except as disclosed in the sufficiency Time of all corporate proceedings Sale Disclosure Package and in the Prospectus, there has not been any change in the capital stock (other legal matters relating than a change in the number of outstanding Shares or Ordinary Shares due to this Agreement and the transactions contemplated herebyissuance of shares upon the exercise of outstanding options or warrants or equity compensation awards under the Company’s equity compensation plans approved by the Board of Directors of the Company), and or any material change in the short-term or long-term debt except for the extinguishment thereof, or any issuance of options, warrants, convertible securities or other rights to purchase the capital stock (other than issuances of equity compensation awards under the Company’s equity compensation plans approved by the Board of Directors of the Company), of the Company shall have furnished to such counsel such documents as they may have reasonably requested for or any of its Subsidiaries, or any Material Adverse Change or any development involving a prospective Material Adverse Change (whether or not arising in the purpose ordinary course of enabling them to pass upon such matters.business), or any loss by strike, fire, flood, earthquake, accident or other calamity, whether or not covered by insurance, incurred by the Company or any of its Subsidiaries; and (eE) On each Closing Date you shall have received except as stated in the signed opinionTime of Sale Disclosure Package and in the Prospectus, dated as there is not pending, or, to the knowledge of such date, of K&L Gates LLP, counsel to the Company, threatened or contemplated, any action, suit or proceeding to which the Company or any of its Subsidiaries is a party before or by any court or governmental agency, authority or body, or any arbitrator, which would reasonably be expected to result in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuanceany Material Adverse Change. (h) FINRA The Underwriters shall have confirmed received a letter from FINRA confirming that it has not raised any objection determined to raise no objections with respect to the fairness and or reasonableness of the underwriting terms and arrangements for this offeringof the offering contemplated hereby. (i) At On the Closing Date, the Company’s American Depositary Shares, are listed on NASDAQ. (j) On the date of this Agreement at a time prior to the execution of this Agreement, and on the Representatives Closing Date and the Option Closing Date (if applicable) the Underwriters shall have received an agreement a certificate, dated the respective dates of delivery thereof and addressed to the Underwriters, of its chief financial officer with respect to certain financial data contained in the Time of Sale Disclosure Package and the Prospectus, providing “management comfort” with respect to such information, in form and substance satisfactory to the Underwriters. (k) The Company shall have furnished to the Underwriters and counsel for the Underwriters such additional documents, certificates and evidence as the Underwriters or counsel for the Underwriters may have reasonably requested. (l) The Underwriters shall have received the written agreements, substantially in the form of Annex A hereto signed by the persons listed on Schedule B IV hereto, of the Insiders. All such opinions, certificates, letters and such agreements shall other documents will be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection compliance with the sale of the Shares shall be provisions hereof only if they are reasonably satisfactory in form and substance to you the Underwriters and counsel to for the several Underwriters, and at . The Company will furnish the time of signing this Agreement and on the Closing Date, you and Underwriters with such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company conformed copies of such cancellation on or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of opinions, certificates, letters and other documents as the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseshall reasonably request.

Appears in 1 contract

Samples: Underwriting Agreement (Nano Dimension Ltd.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder are subject to the following conditions: (a) The Registration Statement shall have become effective under the Act and, at the Closing Date, no stop order suspending the effectiveness of the Registration Statement or the qualifications of the Shares shall have been issued and no proceedings for that purpose shall have been instituted before or, to the knowledge of the Company or the Representatives, shall be contemplated by the Commission or any state securities or “Blue Sky” commissioner or authority. (b) At each Closing Date, (i) the representations and warranties of the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus or the Prospectus, or any amendment or supplement thereto, shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading; (iii) there shall have been, since the respective dates as of which information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of XxxxxxSxxxxx, Xxxxxxxx Axxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx each Kxxxxxxx & Company Certified Public Accountants PCPC and MaloneBailey, LLP, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuanceNYSE Amex. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing DateRESERVED. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company of such cancellation on or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwise.

Appears in 1 contract

Samples: Underwriting Agreement (NIVS IntelliMedia Technology Group, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters Underwriter hereunder to purchase the Shares and the ADSs are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or Rule 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package or the Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or any state securities the Underwriter for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriter’s satisfaction. (b) At each Closing Date, (i) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (c) The Underwriter shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain any contains an untrue statement of a material fact which, in the Underwriter’s reasonable opinion, is material, or omit omits to state any a fact which, in the Underwriter’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiid) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (e) On the Closing Date, there shall have beenbeen furnished to the Underwriter the opinion of Xxxxx Xxxxxxx LLP, dated the Closing Date and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter, to the effect set forth in Schedule I. (f) On the Closing Date, there shall have been furnished to the Underwriter the opinion of the Company’s BVI counsel, dated the Closing Date and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter, to the effect set forth in Schedule II. (g) On the Closing Date, there shall have been furnished to the Underwriter the opinion of the Company’s China counsel, dated the Closing Date and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter, to the effect set forth in Schedule III. (h) On the Closing Date, there shall have been furnished to the Underwriter the opinion of the Company’s Singapore counsel, dated the Closing Date and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter, to the effect set forth in Schedule IV. (i) The Underwriter shall have received a letter from Xxxxxxxxx & Pinchuk LLP, on the date hereof and on the Closing Date addressed to the Underwriter, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriter. (j) On or before the date hereof, prospects or results the Underwriter shall have received duly executed “lock-up” agreements, in the form set forth on Schedule VI, between the Underwriter and those persons set forth on Schedule V. (k) On the Closing Date, there shall have been furnished to the Underwriter a certificate, dated the Closing Date and addressed to the Underwriter, signed by the chief executive officer and the chief financial officer of operations the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its subsidiariespart to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof, taken as a whole, from that set forth in the ADS Registration Statement, each preliminary prospectus and or any part thereof or any amendment thereto or the Form 8-A Registration Statement, or any part thereof or any amendment thereto, (B) suspending the qualification of the Shares or the ADSs for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package or the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statementhas been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (jl) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on At the Closing Date, you and such counsel the ADSs shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably been approved for listing on the Nasdaq Capital Market. (m) The Depositary shall have delivered to the Company at such Closing Date certificates satisfactory to you and such counsel, as you the Underwriter evidencing the deposit with the Depositary or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale its nominee of the Shares hereunder, or proceedings being so deposited against issuance of ADRs evidencing the ADSs to be delivered by the Company at the Closing Date, and the execution, countersignature (if applicable), issuance and delivery of ADRs evidencing such ADSs pursuant to the Deposit Agreement. (n) The Company shall have furnished to the Underwriter and counsel for the Underwriter such additional documents, certificates and evidence as the Underwriter or counsel for the Underwriter may have reasonably requested. If any of the conditions herein provided for condition specified in this Section 7 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriter by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 6(a)(vii), Section 8 and Section 9 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Kingtone Wirelessinfo Solution Holding LTD)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder to purchase the Shares are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; and any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriters for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each Closing Date, The Shares shall be qualified for listing on The Nasdaq Capital Market. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Underwriters’ reasonable opinion, is material, or omit omits to state any a fact which, in the Underwriters’ reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On the Closing Date, there shall have beenbeen furnished to the Underwriters the opinion and negative assurance letters of Sichenzia Rxxx Xxxxxxxx Xxxxxxx LLP, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative, to the effect set forth in Schedule III. (f) On the Closing Date, there shall have been furnished to the Underwriters the negative assurance letter of Lxxxxxxxxx Xxxxxxx PC, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative. (g) The Underwriters shall have received a letter of Lake & Associates CPA’s LLC, on the date hereof and on the Closing Date addressed to the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm with respect to the financial information and other matters reasonably required by the Underwriters. (h) On the Closing Date, prospects or results there shall have been furnished to the Underwriters a certificate, dated the Closing Date and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of operations the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and its subsidiariescorrect in all respects, taken and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as a wholeif made at and as of the Closing Date, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementShares for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (ji) All proceedings taken at On or prior to each Closing Date in connection with before the sale of date hereof, the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel Underwriters shall have received each and every additional documentduly executed “lock-up” agreements, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory form acceptable to you the Underwriters from each of the individuals and entities listed on Schedule IV. (j) The Company shall have furnished to the Underwriters and the Underwriters’ counsel such counseladditional documents, certificates and evidence as you the Underwriters or such its counsel may have reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriters by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(vii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Game Trading Technologies, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters Underwriter hereunder are subject to the accuracy of the representations and warranties on the part of the Company on the date hereof and at the time of purchase, the performance by the Company of its obligations, in all material respects, hereunder and to the following conditionsadditional conditions precedent: (a) The Company shall furnish to the Underwriter at the time of purchase an opinion of Xxxxxxx Coie LLP, counsel for the Company, addressed to the Underwriter, and dated the time of purchase, in form and substance satisfactory to the Underwriter. (b) The Company shall furnish to the Underwriter at the time of purchase, an opinion of Xxxxxx LLP, special counsel for the Company with respect to patents and proprietary rights, addressed to the Underwriter, and dated the time of purchase, in form and substance satisfactory to the Underwriter. (c) The Underwriter shall have received from each of Deloitte & Touche LLP and Xxxxx Xxxxxxxx LLP letters dated, respectively, the date of this Agreement, the date of the Prospectus, the time of purchase, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter, which letters shall cover, without limitation, the various financial disclosures contained in the Disclosure Package and the Prospectus. (d) The Underwriter shall have received at the time of purchase the favorable opinion of Xxxxxxx Procter LLP, counsel for the Underwriter, dated the time of purchase in form and substance reasonably satisfactory to the Underwriter. (e) No Prospectus or amendment or supplement to the Registration Statement or the Prospectus shall have been filed to which the Underwriter shall have objected in writing. (f) The Registration Statement and any registration statement required to be filed, prior to the sale of the Securities, under the Act pursuant to Rule 462(b) shall have been filed and shall have become effective under the Act. The Prospectus shall have been filed with the Commission pursuant to Rule 424(b) under the Act andat or before 5:30 p.m., New York City time, on the second full business day after the date of this Agreement (or such earlier time as may be required under the Act). (g) Prior to and at the Closing Datetime of purchase, (i) no stop order suspending with respect to the effectiveness of the Registration Statement or the qualifications of the Shares shall have been issued and no under the Act or proceedings for that purpose shall have been instituted before or, to the knowledge initiated under Section 8(d) or 8(e) of the Company or the Representatives, shall be contemplated by the Commission or any state securities or “Blue Sky” commissioner or authority. (b) At each Closing Date, (i) the representations and warranties of the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing DateAct; (ii) the Registration Statement, each preliminary prospectus Statement and the Prospectus and any all amendments or supplements thereto shall in all material respects conform to the requirements of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus or the Prospectus, or any amendment or supplement thereto, shall not contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading; (iii) there shall have been, since the respective dates as of which information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations none of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and Pre-Pricing Prospectuses or the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains shall include an untrue statement of a material fact that in the reasonable opinion of counsel to the Representatives is material, or omits omit to state any a material fact required to be stated therein or necessary in order to make the statements therein therein, in the light of the circumstances under which they are made, not misleading; (iv) no Disclosure Package, and no amendment or supplement thereto, shall include an 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 under which they are made, not misleading; and (v) none of the Permitted Free Writing Prospectuses, if any, shall include an untrue statement of a material fact or, together with the Disclosure Package including the then most recent Pre-Pricing Prospectus, omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they are made, not misleading. (dh) On each Closing Date you The Company will, at the time of purchase deliver to the Underwriter a certificate of its Chief Executive Officer and its Chief Financial Officer, dated the time of purchase in form and substance satisfactory to the Underwriter. (i) The Company will, at the time of purchase, deliver to the Underwriter a certificate of its Secretary, dated the time of purchase, in form and substance satisfactory to the Underwriter. (j) The Underwriter shall have received a signed opinioncopies, dated as of such dateduly executed by the Company, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel the Warrants. (k) The Underwriter shall have received each of the signed Lock-Up Agreements referred to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the in Section 3(w) hereof. (l) The Company shall have furnished to the Underwriter such counsel such other documents and certificates as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, accuracy and completeness in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each all material respects of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) any statement in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, any Pre-Pricing Prospectus, the Common Stock shall be listed on Prospectus or any Permitted Free Writing Prospectus as of the NASDAQ Global Markettime of purchase, subject to official notice of issuanceas the Underwriter may reasonably request. (hm) The Company shall have filed, if applicable, a listing of additional shares notification with the NASDAQ in connection with the sale and issuance of the Shares and Warrant Shares, and shall have received no objections thereto from the NASDAQ. (n) There shall exist no event or condition which would constitute a default or an event of default under the Warrants. (o) FINRA shall not have confirmed that it has not raised any objection with respect to the fairness and or reasonableness of the underwriting terms and underwriting, or other arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriterstransactions, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company of such cancellation on or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwisecontemplated hereby.

Appears in 1 contract

Samples: Underwriting Agreement (Gevo, Inc.)

Conditions of the Underwriters’ Obligations. The several respective obligations of the several Underwriters hereunder to purchase the Securities are subject to the accuracy, as of the date hereof, at the Closing Date (as if made on the Closing Date), of and compliance in all material respects with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or an Underwriter for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each Closing Date, The Common Stock and Warrant Shares shall be qualified for listing on the NASDAQ Capital Market. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement shall be true underwriting terms and correct with arrangements. (d) None of the same effect as if made on and as of such Closing Date and the Company Underwriters shall have performed all of reasonably determined, and advised the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in such Underwriter’s reasonable opinion, is material, or omit omits to state any a fact which, in such Underwriter’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; (iii) there shall have been, since the respective dates as of which information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each the Closing Date you Date, there shall have received been furnished to the signed opinionUnderwriters the opinion and negative assurance letter of Mxxxxx, dated as of such date, of K&L Gates Xxxxx & Bxxxxxx LLP, corporate counsel to for the Company, in form reasonably satisfactory to counsel for dated the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, and addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration StatementRepresentative, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company of such cancellation on or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseRepresentative.

Appears in 1 contract

Samples: Underwriting Agreement (Repros Therapeutics Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters Underwriter hereunder to purchase the Shares are subject to the accuracy, as of the date hereof and at all times through the Closing Date, and on each Option Closing Date (as if made on the Closing Date or such Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Final Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Final Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriter for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, any state securities Prospectus, the Final Prospectus, any Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the satisfaction of the Underwriter. (b) At each Closing Date, The Shares shall be approved for listing on the NYSE American. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Underwriter shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration StatementSale Disclosure Package, any preliminary prospectus or Prospectus, the Final Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the reasonable opinion of the Underwriter, is material, or omit omits to state any a fact which, in the reasonable opinion of the Underwriter, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On the Closing Date and on each Option Closing Date, there shall have beenbeen furnished to the Underwriter, the opinion and negative assurance letters of Libertas Law Group, Inc., counsel to the Company, each dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (f) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriter, the opinion and negative assurance letter of Trojan Law Offices, intellectual property counsel to the Company, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (g) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriter, the negative assurance letter of Lxxxxxxxxx Xxxxxxx LLP, counsel to the Underwriter, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (h) The Underwriter shall have received a letter of Wxxxxxxx & Company, P.A., on the date hereof and on the Closing Date and on each Option Closing Date, addressed to the Underwriter, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth given in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Final Prospectus, except changes as of a date not prior to the date hereof or more than five days prior to the date of such letter), the conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriter. (i) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriter, a certificate, dated the Closing Date and on each Option Closing Date and addressed to the Underwriter, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date and on the Option Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part required to be performed or satisfied at or prior to the Closing Date or on the Option Closing Date, as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementShares for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you after the date of this Agreement and prior to the Closing Date or on the Option Closing Date, as applicable. (j) On or before the date hereof, the Underwriter shall have received at duly executed lock-up agreements (each Closing Datea “Lock-Up Agreement”) in the form set forth on Exhibit A hereto, a certificate by and between the Underwriter and each of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth parties specified in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such dateSchedule IV. (ck) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the The Company shall have furnished to such the Underwriter and its counsel such documents additional documents, certificates and evidence as they the Underwriter or its counsel may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriter by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive Date or on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Option Closing Date, an Additional Closing Date or otherwiseas applicable, and such termination shall be without liability of any party to any other party, except that Section 5(a)(viii), Section 7 and Section 9 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Reed's, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder to purchase the Firm Units are subject to the accuracy, as of the date hereof, at the Closing Date and on each Option Closing Date (as if made at the Closing Date or such Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company and the Selling Stockholders contained herein, the performance by the Company and the Selling Stockholders of their obligations hereunder and the following additional conditions: (a) The If the filing of the Prospectus, or any amendment or supplement thereto, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) promulgated under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Pricing Disclosure Package or the Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; and any request of the Company or the Representatives, shall be contemplated by the Commission or any state securities the Underwriters for additional information (to be included in the Registration Statement, the Pricing Disclosure Package, the Prospectus, or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each Closing Date, (i) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (c) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Pricing Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain any thereto contains an untrue statement of a material fact which, in the Representative’s reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; (iii) there shall have been, since the respective dates as of which information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of misleading and the Company and its subsidiaries, shall not have promptly taken such action as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred is necessary to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of cure such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleadingmaterial omission of fact. (d) On each the date hereof, at the Closing Date you and on each Option Closing Date, (i) no downgrading shall have received a signed opinionoccurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (e) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriters the opinion letter of McAfee & Xxxx, special local counsel to the Company, dated as the Closing Date or such Option Closing Date and addressed to the Underwriters, in form and substance satisfactory to the Underwriters. (f) On the Closing Date and each Option Closing Date, there shall have been furnished to the Underwriters each of such date, the opinion letter and the negative assurance letter of Xxxxxx, Xxxxxxxx & Markiles Xxxxxxx Procter LLP, counsel to the several Company, dated the Closing Date or such Option Closing Date and addressed to the Underwriters, in form and substance satisfactory to the Underwriters. (g) On the Closing Date and each Option Closing Date, there shall have been furnished to the Underwriters the opinion letter of Xxxx Xxxxx LLP, regulatory counsel to the Company, dated the Closing Date or such Option Closing Date and addressed to the Underwriters, in form and substance satisfactory to the Underwriters. (h) On the Closing Date and each Option Closing Date, there shall have been furnished to the Underwriters the opinion letter of Xxxx X. Xxxxxxxxx, PLCC, counsel for the Selling Stockholder, dated the Closing Date or such Option Closing Date and addressed to the Underwriters, in form and substance satisfactory to the Underwriters. (i) The Underwriters shall have received on and as of the Closing Date and each Option Closing Date an opinion of DLA Piper LLP (US), counsel for the Underwriters, with respect to such matters as the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated herebyUnderwriters may reasonably request, and the Company such counsel shall have furnished to such counsel received such documents and information as they may have reasonably requested for the purpose of enabling request to enable them to pass upon such matters. (ej) On each Closing Date you The Underwriter shall have received a letter of each of Xxxx & Associates LLP and Xxxx Xxxxxx LLP, on the signed opiniondate hereof and on the Closing Date and each Option Closing Date addressed to the Underwriters, in a form acceptable to the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the Pricing Disclosure Package, as of a date not prior to the date hereof or more than five days prior to the date of such letter), the conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriters. (k) On the Closing Date and each Option Closing Date, there shall have been furnished to the Underwriters a certificate, dated the Closing Date or such Option Closing Date, as applicable, and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date or Option Closing Date, as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof, (B) suspending the qualification of the Securities for offering or sale, or (C) suspending or preventing the use of the Pricing Disclosure Package, the Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to their knowledge, is contemplated by the Commission or any state or regulatory body; and (iii) There has been no occurrence of any event resulting or reasonably likely to result in a Material Adverse Effect during the period from and after the date of this Agreement and prior to the Closing Date or Option Closing Date, as applicable. (l) On or before the date hereof, the Underwriters shall have received duly executed “lock-up” agreements, in a form attached hereto as Exhibit B, duly executed by each party named on Schedule IV. (m) The Representative shall have received a certificate of the Company signed by the Secretary or Assistant Secretary of the Company, dated as of the Closing Date or Option Closing Date, as applicable, certifying: (i) that the certificate of incorporation is true and complete, has not been modified and is in full force and effect; that the by-laws of the Company are true and complete, have not been modified and are in full force and effect; (iii) that the resolutions of the Company’s board of directors relating to the offering contemplated by this Agreement, the Custody Agreement and the Warrant Agreement are in full force and effect and have not been modified; and (iv) as to the incumbency of the relevant officers of the Company. The documents referred to in such certificate shall be attached to such certificate. (n) The Selling Stockholder shall have furnished or caused to be furnished to the Representative at the Closing Date and each Option Closing Date certificates of officers or managers of the Selling Stockholder, satisfactory to the Representative, as to the accuracy of the representations and warranties of the Selling Stockholder herein at and as of such date, of K&L Gates LLP, counsel as to the Company, in form performance by the Selling Stockholder of all of its obligations hereunder to be performed at or prior to such time and as to such other matters as the Representative may reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwritersrequest. (fo) At The Company and the time Selling Stockholder shall have furnished to the Underwriters and their counsel such additional documents, certificates and evidence as the Underwriters or their counsel may have reasonably requested. (p) On the Closing Date of the signing sale of this Agreement the Firm Units and on each Option Closing DateDate of the sale of the Option Units, you there shall have been issued to the Underwriters the Underwriters’ Warrants. (q) The Underwriters shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each certificate of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As Chief Financial Officer of the effective date of the Registration StatementCompany, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement hereof and on the Closing Date and each Option Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory form acceptable to you and such counselthe Underwriters, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale respect to estimated consolidated financial information of the Shares hereunderCompany for the three months and year ended December 31, or proceedings at 2014 set forth in the Closing Date. Pricing Disclosure Package and the Prospectus under the caption “Preliminary Results for the Three Months and year Ended December 31, 2014.” If any of the conditions herein provided for condition specified in this Section 7 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company and the Selling Stockholder and such termination shall be without liability of any party to any other party, except that Section 6(a)(viii), Section 8 and Section 9 shall survive any such cancellation on or prior to the applicable Closing Date. The Representatives may termination and remain in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwisefull force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Foundation Healthcare, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date) of and compliance with all representations, warranties and agreements of the Company contained herein (except to the extent any such representations, warranties or agreements expressly relate to a specified earlier date, in which case, such representations, warranties and agreements shall be accurate or complied with as of such specified earlier date), to the performance by the Company of its obligations hereunder and to the following additional conditions, in each case unless waived by the Representative: (a) The If the filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or Rule 164(b)); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before initiated or, to the knowledge Company’s knowledge, threatened; any request of the Commission for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any Issuer Free Writing Prospectus or otherwise) shall have been complied with to the Underwriters’ reasonable satisfaction; and FINRA shall have raised no objection to the fairness and reasonableness of the underwriting terms and compensation arrangements. (b) The Underwriters shall not have advised the Company that the Registration Statement, the Time of Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, or any Issuer Free Writing Prospectus, contains an untrue statement of fact which, in the Underwriters’ opinion, is material, or omits to state a fact which, in the Underwriters’ opinion, is material and is required to be stated therein or necessary to make the statements therein not misleading, unless, in each case, the Company shall have filed an amendment or supplement to the Registration Statement, the applicable documents included in the Time of Sale Disclosure Package, the Prospectus or the Issuer Free Writing Prospectus to correct such statement of fact or omission. (c) Except as contemplated in the Time of Sale Disclosure Package and in the Prospectus, subsequent to the respective dates as of which information is given in the Time of Sale Disclosure Package and the Prospectus, neither the Company nor any of its subsidiaries shall have incurred any liabilities or obligations, direct or contingent which are material to the Company and its subsidiaries taken as a whole, entered into any transactions not in the ordinary course of business which are material to the Company and its subsidiaries taken as a whole, or declared or paid any dividends or made any distribution of any kind with respect to its capital stock; and except as disclosed in the Time of Sale Disclosure Package and in the Prospectus, there shall not have been any change in the capital stock (other than a change in the number of outstanding shares of Common Stock due to the issuance of shares upon the exercise or conversion of outstanding options, warrants or convertible notes or vesting of any outstanding restricted stock units), any material change in the short-term or long-term debt of the Company except for the extinguishment thereof, any issuance of options, warrants, convertible securities or other rights to purchase the capital stock of the Company or any of the RepresentativesCompany’s subsidiaries (other than the issuance of options, restricted stock units and other awards or shares under the Company’s equity incentive plans and employee stock purchase plans), or any Material Adverse Change, the effect of which, in any such case described above, in the Representative’s reasonable judgment, makes it impractical or inadvisable to offer or deliver the Shares on the terms and in the manner contemplated in the Time of Sale Disclosure Package, the Registration Statement and the Prospectus. (d) On or after the Time of Sale (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical rating organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (e) On the Closing Date, there shall have been furnished to the Representative the opinion of Golenbock Exxxxxx Axxxx Bxxx & Pxxxxx LLP, counsel for the Company, dated the Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Underwriters. (f) On the date of the execution of this Agreement, on the effective date of any post-effective amendment to the Registration Statement filed subsequent to the date of this Agreement and also at each of the Closing Date and the Option Closing Date, the Underwriters shall have received a letter of KMJ Cxxxxx & Company LLP, dated the respective dates of delivery thereof, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. (g) On the Closing Date, there shall have been furnished to the Underwriters a certificate, dated the Closing Date and addressed to the Underwriters, signed by the chief executive officer or the chief financial officer of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date (except to the extent any such representations or warranties expressly relate to a specified earlier date, in which case, such representations and warranties shall be true and correct as of such specified earlier date), and the Company has complied in all material respects with all the material agreements and satisfied in all material respects all the material conditions on its part to be performed or satisfied at or prior to the Closing Date (except for any such agreements or conditions that have been waived by the Representative); (ii) No stop order or other order suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof or the qualification of the Shares for offering or sale nor suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to the signer’s knowledge, is contemplated by the Commission or any state securities or “Blue Sky” commissioner or authority.regulatory body; and (biii) At each Closing Date, (i) the representations and warranties The signer of the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) said certificate has carefully examined the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus Prospectus, and any amendments thereof or supplements thereto shall in all material respects conform (including any documents filed under the Exchange Act and deemed to be incorporated by reference into the requirements Time of Sale Disclosure Package, the Registration Statement or the Prospectus), and (A) each part of the Registration Statement and the Prospectus, and any amendments thereof or supplements thereto (including any documents filed under the Exchange Act and deemed to be incorporated by reference into the Rules and RegulationsProspectus) contain, and neither contained when such part of the Registration Statement (or such amendment) became effective, all statements and information required to be included therein, each part of the Registration Statement, any preliminary prospectus or the Prospectus, or any amendment thereof, does not contain, and did not contain when such part of the Registration Statement (or supplement theretosuch amendment) became effective, shall contain any untrue statement of a material fact or omit to state, and did not omit to state when such part of the Registration Statement (or such amendment) became effective, any material fact required to be stated therein or necessary to make the statements therein not misleading; , and the Prospectus, as amended or supplemented, does not include and did not include as of its date or the time of first use within the meaning of the Rules and Regulations, any untrue statement of a material fact or omit to state, and did not omit to state as of its date or the time of first use within the meaning of the Rules and Regulations, a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading (iiiB) neither (1) the Time of Sale Disclosure Package nor (2) any individual Issuer Limited-Use Free Writing Prospectus, when considered together with the Time of Sale Disclosure Package, include, nor included as of the Time of Sale, any untrue statement of a material fact or omits, or omitted as of the Time of Sale, 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, (C) since the Time of Sale, there shall have beenhas occurred no event required to be set forth in an amended or supplemented prospectus which has not been so set forth, since and there has been no document required to be filed under the Exchange Act that upon such filing would be deemed to be incorporated by reference into the Time of Sale Disclosure Package, the Registration Statement or the Prospectus that has not been so filed, (D) except as contemplated in the Time of Sale Disclosure Package and in the Prospectus, subsequent to the respective dates as of which information is given, no material adverse change given in the condition (financial or otherwise)Time of Sale Disclosure Package, business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have subsidiaries has incurred any material liabilities or material obligations, direct or contingent, or which are material to the Company and its subsidiaries taken as a whole, entered into any material transaction, contract or agreement transactions not in the ordinary course of business other than which are material to the Company and its subsidiaries taken as referred a whole, declared or paid any dividends or made any distribution of any kind with respect to or contemplated its capital stock, and except as disclosed in the Registration Statement; Time of Sale Disclosure Package and (iv) except as set forth in each preliminary prospectus and the Prospectus, no actionthere has not been any change in the capital stock (other than a change in the number of outstanding shares of Common Stock due to the issuance of shares upon the exercise or conversion of outstanding options, suit warrants or proceeding at law convertible notes or in equity shall be pending or, vesting of any restricted stock units pursuant to the Company’ knowledge’s existing equity incentive plan or employee stock purchase plan), threatened against any material change in the Company’s short-term or long-term debt except for the extinguishment thereof, any issuance of options, warrants, convertible securities or other rights to purchase the capital stock of the Company or any of its Subsidiaries that would be required to be set forth subsidiaries (other than the issuance of options, restricted stock units and other awards or shares under the Company’s equity incentive plan and employee stock purchase plan), or any Material Adverse Change, and (E) except as stated in the Registration StatementTime of Sale Disclosure Package and in the Prospectus, and no proceedings shall be pending there is not pending, or, to the knowledge of the Company’ knowledge, threatened against or contemplated, any action, suit or proceeding to which the Company or any of its Subsidiaries subsidiaries is a party before or by any commissioncourt or governmental agency, board authority or administrative agency in body, or any arbitrator, the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expectednegative outcome of which, individually or in the aggregate, to would result in a any Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such dateChange. (ch) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the The Company shall have furnished to the Underwriters and counsel for the Underwriters such additional documents, certificates and evidence as the Underwriters or counsel such documents as they for the Underwriters may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offeringrequested. (i) At the date of this Agreement, the Representatives The Underwriters shall have received an agreement the written agreements, substantially in the form of Annex A hereto signed by Schedule IV hereto, of the persons directors and executive officers of the Company listed on Schedule B heretoV to this Agreement. All such opinions, certificates, letters and such agreements shall other documents will be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection compliance with the sale of the Shares shall be provisions hereof only if they are reasonably satisfactory in form and substance to you the Underwriters and counsel to for the several Underwriters, and at . The Company will furnish the time of signing this Agreement and on the Closing Date, you and Underwriters with such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company conformed copies of such cancellation on or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of opinions, certificates, letters and other documents as the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseshall reasonably request.

Appears in 1 contract

Samples: Underwriting Agreement (Imprimis Pharmaceuticals, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters Underwriter hereunder to purchase the Shares are subject to the accuracy, as of the date hereof, at the Closing Date and on each Option Closing Date (as if made on the Closing Date or such Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriter for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriter’s satisfaction. (b) At each Closing Date, The Shares shall be qualified for listing on the NYSE Amex and the TSX. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Underwriter shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Underwriter’s reasonable opinion, is material, or omit omits to state any a fact which, in the Underwriter’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (e) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriter (i) the opinion and negative assurance letter of Hxxxxxx Xxx & Hxxxxx, LLC, outside corporate counsel for the Company, (ii) the opinion of FFA Legal, Brazilian counsel for the Company and (iii) the opinion of Exxxxxx Xxxxxxx Abogados Sociedad Civil de Responsabilidad LTDA., Peruvian counsel for the Company, each dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter, to the effect set forth in Schedule V. (g) On the Closing Date and on each Option Closing Date, there shall have beenbeen furnished to the Underwriter the negative assurance letter of Lxxxxxxxxx Xxxxxxx PC, counsel to the Underwriter, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (h) The Underwriter shall have received a letter of Exxxxxxx Kxxxx Sxxxxxx & Hxxxxxx PC, on the date hereof, on the Closing Date and on each Option Closing Date, addressed to the Underwriter, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriter. (i) The Underwriter shall have received from SRK a letter dated the date hereof, prospects or results of operations of on the Company Closing Date and its subsidiarieson each Option Closing Date, taken as a whole, addressed to the Underwriter: (i) confirming (A) that they are an independent engineering firm and (B) that the information derived from that set forth the Technical Report and included in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the ProspectusFinal Prospectus is true and complete in all material respects, except changes that (ii) authorizing the Registration Statement indicates might occur after Underwriter to rely on the effective date of Technical Report as if it had been addressed to the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; Underwriter and (iviii) except addressing such other related matters as set forth in the Underwriter shall reasonably request. (j) On the Closing Date and on each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Option Closing Date, there shall have been furnished to the Underwriter a certificate of certificate, dated the principal Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriter, signed by the chief executive officer and the principal chief financial or accounting officer of the Company, dated in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of such the Closing Date or the Option Closing Date, evidencing compliance with the provisions of this Subsection 5(b)as applicable, and confirming the accuracy Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date or the Option Closing Date, as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the representations Registration Statement or any part thereof or any amendment thereof, (B) suspending the qualification of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by Shares for offering or sale, or (C) suspending or preventing the Company have been met as use of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration StatementTime of Sale Disclosure Package, any preliminary prospectus or the Prospectus or any amendment or supplement theretoIssuer Free Writing Prospectus, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated herebyhas been issued, and the Company shall have furnished no proceeding for that purpose has been instituted or, to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opiniontheir knowledge, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed is contemplated by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at Commission or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate any state or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company of such cancellation on or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwise.regulatory body; and

Appears in 1 contract

Samples: Underwriting Agreement (Solitario Exploration & Royalty Corp.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder are shall be subject to the continuing accuracy of the representations and warranties of the Company herein as of the Closing Date and each Option Closing Date, if any, as if they had been made on and as of the Closing Date or each Option Closing Date, as the case may be; the accuracy on and as of the Closing Date or Option Closing Date, if any, of the statements of officers of the Company made pursuant to the provisions hereof; and the performance by the Company on and as of the Closing Date and each Option Closing Date, if any, of each of its covenants and obligations hereunder and to the following further conditions: (a) The Registration Statement shall have become effective under not later than 5:00 P.M., New York City time, on the Act date of this Agreement or such later date and time as shall be consented to in writing by the Underwriters, and, at the Closing Date and each Option Closing Date, if any, no stop order suspending the effectiveness of the Registration Statement or the qualifications of the Shares shall have been issued and no proceedings for that purpose shall have been instituted before or, to the knowledge of the Company or the Representatives, shall be pending or contemplated by the Commission and any request on the part of the Commission for additional DRAFT V.03 February 4, 1997 Page 24 25 information shall have been complied with to the reasonable satisfaction of Underwriter and Underwriters' Counsel. If the Company has elected to rely upon Rule 430A of the Rules and Regulations, the price of the Securities and any price-related information previously omitted from the effective Registration Statement pursuant to such Rule 430A shall have been transmitted to the Commission for filing pursuant to Rule 424(b) of the Rules and Regulations within the prescribed time period, and prior to the Closing Date the Company shall have provided evidence satisfactory to the Underwriters of such timely filing, or any state securities or “Blue Sky” commissioner or authoritya post-effective amendment providing such information shall have been promptly filed and declared effective in accordance with the requirements of Rule 430A of the Rules and Regulations. (b) At each Closing Date, (i) the representations and warranties of The Underwriters shall not have advised the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus or the Prospectus, or any amendment or supplement thereto, shall contain any contains an untrue statement of a fact which, in the Underwriters' opinion, is material fact or omit omits to state any a fact which, in the Underwriters' opinion, is material fact and is required to be stated therein or is necessary to make the statements therein not misleading; (iii) there shall have been, since the respective dates as of which information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that which, in the Underwriters' reasonable opinion of counsel to the Representatives opinion, is material, or omits to state any a fact which, in the Underwriters' reasonable opinion, is material fact and is required to be stated therein or is necessary in order to make the statements therein therein, in light of the circumstances under which they were made, not misleading. (dc) On each or prior to the Closing Date you and each Option Closing Date, as the case may be, the Underwriters shall have received a signed opinionfrom Underwriters' Counsel, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, opinion or opinions with respect to the sufficiency organization of all corporate proceedings the Company the validity of the Securities, the Registration Statement, the Prospectus and other legal related matters relating to this Agreement as the Underwriters reasonably may request and the transactions contemplated hereby, and the Company such counsel shall have furnished to received such counsel such documents papers and information as they may have reasonably requested for the purpose of enabling request to enable them to pass upon such matters. (ed) On each At the Closing Date you and the Option Closing Date the Underwriters shall have received the signed opinionan opinion of Brenxxx Xxx & Bromxxxx, dated as of such date, of K&L Gates LLP, counsel xxunsel to the Company, in form reasonably satisfactory to counsel for dated the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectivelyor Option Closing Date, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PCthe case may be, addressed to the Underwriters Underwriter and in form and substance satisfactory to Underwriters' Counsel, to the effect that: (with executed copies for each i) The Company: (A) has been duly organized and is validly existing as a corporation in good standing under the laws of the Underwriters) State of Colorado with full corporate power and authority to own and operate its properties and to carry on its business as set forth in the form heretofore approved Registration Statement and Prospectus; (B) to the best knowledge of such counsel, the Company is duly registered or qualified as a foreign corporation in all jurisdictions in which by counsel for reason of maintaining an office in such jurisdiction or by owning or leasing real property in such jurisdiction it is required to be so registered or qualified except where failure to register or qualify does not have, singly or in the Underwritersaggregate, a Material Adverse Effect; and (C) to the best DRAFT V.03 February 4, 1997 Page 25 26 knowledge of such counsel, the Company has not received any notice of proceedings relating to the revocation or modification of any such registration or qualification. (gii) As The Registration Statement, each Preliminary Prospectus that has been circulated and the Prospectus and any post-effective amendments or supplements thereto (other than the financial statements, schedules and other financial and statistical data included therein, as to which no opinion need be rendered) comply as to form in all material respects with the requirements of the effective date Act and Regulations and the conditions for use of a registration statement on Form SB-2 have been satisfied by the Company. Such counsel shall state that such counsel has participated in conferences with officers and other representatives of the Company, representatives of the independent public accountants for the Company and representatives of the Underwriters at which the contents of the Registration Statement, the Common Stock shall be listed Prospectus and related matters were discussed and, although such counsel is not passing upon and does not assume any responsibility for the accuracy, completeness or fairness of the statements contained in the Registration Statement and Prospectus, on the NASDAQ Global Marketbasis of the foregoing, subject no facts have come to official notice the attention of issuance. such counsel which lead them to believe that either the Registration Statement or any amendment thereto at the time such Registration Statement or amendment became effective or the Prospectus as of the date thereof contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or to make the statements therein in light of the circumstances under which they were made, not misleading (h) FINRA shall have confirmed it being understood that it has not raised any objection such counsel need express no opinion with respect to the fairness financial statements and reasonableness schedules and other financial and statistical data included in the Registration Statement or Prospectus or with respect to statements or omissions made therein in reliance upon information furnished in writing to the Company on behalf of any Underwriter expressly for use in the underwriting terms and arrangements for this offeringRegistration Statement or the Prospectus). (iiii) At To the best of such counsel's knowledge, the Company has a duly authorized, issued and outstanding capitalization as set forth in the Prospectus as of the date indicated therein, under "Capitalization." The Shares, Redeemable Warrants, the Purchase Option, the Underwriters' Warrants, and the Warrant Shares conform in all material respects to all statements with respect thereto contained in the Registration Statement and the Prospectus. All issued and outstanding securities of the Company have been duly authorized and validly issued and are fully paid and non-assessable; the holders thereof, to counsel's best knowledge, are not subject to personal liability by reason of being such holders, and none of such securities were issued in violation of the preemptive rights of any holder of any security of the Company. (iv) The issuance of the Shares, Redeemable Warrants and the Warrant Shares have been duly authorized and when issued and paid for in accordance with this Agreement and the Warrant Agreement, respectively, will be validly issued, fully paid and non-assessable securities of the Company. The holders of the Securities when issued and paid for, will not be subject to personal liability by reason of being such holders. To the best of such counsel's (v) Based solely on telephonic, verbal confirmation provided to such counsel by the staff of the Commission, the Registration Statement and all post-effective amendments, if any, have become effective under the Act, and, if applicable, filing of all pricing information has been timely made in the appropriate form under Rule 430A, and, to the best of such counsel's knowledge, no stop order suspending the effectiveness of the Registration Statement has been issued and to the best of such counsel's knowledge, no proceedings for that purpose have been instituted or are pending or threatened or contemplated under the Act; and any required filing of the Prospectus pursuant to Rule 424(b) has been made. (vi) To the best of such counsel's knowledge, (A) there are no material contracts or other documents required to be described in the Registration Statement and the Prospectus and filed as exhibits to the Registration Statement other than those described in the Registration Statement and the Prospectus and filed as exhibits thereto, and (B) the descriptions in the Registration Statement and the Prospectus and any supplement or amendment thereto regarding such material contracts or other documents to which the Company is a party or by which it is bound, are accurate in all material respects and fairly represent the information required to be shown by Form SB-2 and the Rules and Regulations. (vii) This Agreement, the Underwriters Purchase Option Agreement, the Warrant Agreement, and the Financial Consulting Agreement have each been duly and validly authorized, executed and delivered by the Company, and assuming that it is a valid and binding agreement of the Underwriters, so as the case may be, constitutes a legal, valid and binding agreement of the Company enforceable as against the Company in accordance with its respective terms (except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application relating to or affecting enforcement of creditors rights and the application of equitable principles in any action, legal or equitable, and except as rights to indemnity or contribution may be limited by applicable law or pursuant to public policy). (viii) Neither the execution or delivery by the Company of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B heretoUnderwriter's Purchase Option Agreement, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at Warrant Agreement, nor its performance hereunder or prior to each Closing Date in connection with the sale thereunder, nor its consummation of the Shares shall be reasonably satisfactory transactions contemplated herein or therein, nor the conduct of its business as described in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer Prospectus, and sale any amendments or supplements thereto, nor the issuance of the Shares hereunder, securities conflicts with or proceedings at the Closing Date. If will conflict with or results or will result in any breach or violation of any of the conditions herein provided for terms or provisions of, or constitutes or will constitute a material default under, or result in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company of such cancellation on creation or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwise.imposition

Appears in 1 contract

Samples: Underwriting Agreement (Western Country Clubs Inc)

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Conditions of the Underwriters’ Obligations. The several obligations of the several Underwriters hereunder are to purchase and pay for the Shares, as provided herein, shall be subject to (i) the accuracy of the representations and warranties of the Company, with respect to the Shares to be purchased from the Company, and each of the Selling Stockholders, with respect to the Shares to be purchased from the Selling Stockholders, herein contained, as of the date hereof, as of the Closing Date and, with respect to the Additional Shares, the accuracy of the representations and warranties of the Company as of the Additional Closing Date, (ii) the absence from any certificates, opinions, written statements or letters furnished pursuant to this Section 10 to you or to Underwriters' Counsel of any qualification or limitation not previously approved in writing by you, (iii) the performance by the Company and each of the Selling Stockholders of their respective obligations hereunder and (iv) the following additional conditions: (a) The Registration Statement shall have become effective under not later than 5:00 P.M., New York City time, on the Act anddate of this Underwriting Agreement or at such later time and date as shall have been consented to in writing by Bear, at Xxxxxxx. All post-effective amendments to the Closing DateRegistration Statement shall have become effective. If the Company shall have relied upon Rule 430A of the Regulations, the Prospectus shall have been filed with the Commission in a timely fashion in accordance with Section 7(a) hereof. All filings required by Rule 424 of the Regulations shall have been made and no such filings shall have been made without your consent. No stop order suspending the effectiveness of the Registration Statement or the qualifications of the Shares any post- effective amendment thereof shall have been issued and no proceedings for that purpose shall have been instituted before or, to the knowledge of the Company or the Representatives, shall be contemplated by the Commission or any state securities commission and no proceedings therefor shall have been initiated or “Blue Sky” commissioner threatened by the Commission or authorityany state securities commission. (b) At each the Closing Date (and, with respect to the Additional Shares, the Additional Closing Date), you shall have received the written opinion of Xxxxxxxx & Xxxxxxxx LLP, counsel for the Company, dated the date of its delivery, addressed to the Underwriters, and in form and scope satisfactory to Underwriters' Counsel, to the effect that: (i) Each of the Company and the domestic subsidiaries listed in Schedule III hereto (the "Material Domestic Subsidiaries") (x) has ------------ been duly organized and is validly existing as a corporation in good standing under the laws of its jurisdiction of incorporation and (y) has all requisite corporate power and authority, and all necessary consents, approvals, authorizations, orders, registrations, filings, qualifications, licenses and permits of and from all public, regulatory or governmental agencies and bodies, to own, lease and license its respective properties and conduct its business as now being conducted and as described in the Registration Statement and the Prospectus, except for those the absence of which, individually or in the aggregate, would not have a Material Adverse Effect. (ii) The authorized capital stock of the Company is as set forth in the Prospectus under the caption "Capitalization". All of the outstanding shares of such capital stock have been duly and validly authorized and issued, are fully paid and nonassessable and were not issued in violation of or subject to any preemptive rights. The shares of Common Stock to be outstanding on the Closing Date, including the Shares, have been duly authorized and when issued (iand, in the case of the Shares, delivered and sold in accordance with the terms of this Underwriting Agreement) will be validly issued, fully paid and nonassessable. Upon delivery of and payment for the representations Shares to be sold by the Company to each Underwriter in accordance with this Underwriting Agreement, each Underwriter (assuming that it acquires such Shares without notice of any adverse claim, as such term is used in Section 8-302 of the Uniform Commercial Code in effect in the State of New York) will acquire good and warranties marketable title to the Shares so sold and delivered to it, free and clear of all liens, pledges, charges, claims, security interests, restrictions on transfer, agreements or other defects of title whatsoever (other than those resulting from any action taken by such Underwriter). The capital stock of the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall conforms in all material respects conform to the description thereof contained in the Registration Statement and the Prospectus. (iii) The Company has all requisite corporate right, power and authority to execute, deliver and perform its obligations under this Underwriting Agreement and to issue, sell and deliver the Shares in accordance with the terms and conditions hereof. This Underwriting Agreement has been duly and validly authorized, executed and delivered by the Company. (iv) To the best of such counsel's knowledge, no consent, approval, authorization, order, registration, filing, qualification, license or permit of or with any court or any public, governmental, or regulatory agency or body having jurisdiction over the Company or any Material Domestic Subsidiary or any of its respective properties or assets is required for the Company's execution and delivery of, and its performance of its obligations under, this Underwriting Agreement, and the consummation of the transactions contemplated hereby, including, without limitation, of the issuance, sale and delivery of the Shares, except for (A) such as may be required under state securities or "Blue Sky" laws and the securities laws of foreign jurisdictions in connection with the purchase and distribution of the Shares by the Underwriters (as to which such counsel need express no opinion) and (B) such as have been made or obtained under the Act, the Exchange Act or the rules of the Nasdaq Stock Market. (v) The Registration Statement and the Prospectus (except for the financial statements and the notes thereto, the financial statement schedules and the other financial and accounting data included therein, as to which no opinion need be expressed) comply as to form in all material respects with the requirements of the Act and the Rules Regulations. (vi) The Registration Statement has become effective under the Act, and such counsel is not aware of any stop order suspending the effectiveness of the Registration Statement and to such counsel's knowledge no proceedings therefor have been initiated or threatened by the Commission, and there are no other filings on the part of the Company required by the Act or the Regulations, including those required by Rule 424(b) of the Regulations, that to such counsel's knowledge have not been made. (vii) The Company is not an "investment company" or a company "controlled" by an "investment company" as defined in the Investment Company Act. In addition, such counsel shall state that they have participated in conferences with officers and neither other representatives of the Company, representatives of the independent certified public accountants of the Company, representatives of the Underwriters and Underwriters' Counsel at which the contents of the Registration Statement, the Prospectus and any preliminary prospectus amendments thereof or supplements thereto and related matters were discussed and, although such counsel has not undertaken to investigate or verify independently and are not passing upon, and does not assume any responsibility for, the accuracy, completeness or fairness of the statements contained in the Registration Statement or the Prospectus, Prospectus or any amendments thereof or supplements thereto (except as to matters referred to in the last sentence of clause (ii) above), no facts have come to such counsel's attention which lead such counsel to believe that the Registration Statement, on the effective date thereof (or any post- effective amendment or supplement theretothereof as of the date of such amendment), shall contain any contained an untrue statement of a material fact or omit omitted to state any material fact required to be stated therein or necessary to make the statements therein not misleading; (iii) there shall have been, since the respective dates as of which information is given, no material adverse change in the condition (financial misleading or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that on the Registration Statement indicates might occur after date thereof or the effective date of the Registration Statementsuch opinion, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains contained an untrue statement of a material fact that in the reasonable opinion of counsel to the Representatives is material, or omits omitted to state any material fact required to be stated therein or necessary in order to make the statements therein made therein, in light of the circumstances under which they were made, not misleadingmisleading (it being understood that such counsel need express no view with respect to the financial statements and related notes, the financial statement schedules and the other financial and accounting data included therein). In rendering such opinion, such counsel (i) may limit its opinions to the corporate laws of the State of Delaware, the laws of the State of New York and the federal laws of the United States of America, and (ii) may rely (A) as to matters involving the application of laws other than the laws of the State of New York and the corporate laws of the State of Delaware and the federal laws of the United States of America, to the extent such counsel deems proper and to the extent specified in such opinion letter, if at all, upon a written opinion or opinions (in form and scope reasonably satisfactory to Underwriters' Counsel) of other counsel reasonably acceptable to Underwriters' Counsel, familiar with the applicable laws; and (B) as to matters of fact, to the extent such counsel may deem proper, on certificates of responsible officers of the Company and certificates or other written statements of officers of departments of various jurisdictions having custody of documents respecting the corporate existence or good standing of the Company and its subsidiaries. The opinion of such counsel shall specifically state that the opinion of any such other counsel is in form and scope satisfactory to such counsel and, in such counsel's opinion, such counsel and you are justified in relying thereon. A copy of the opinion of any such other counsel shall be delivered to Underwriters' Counsel. (dc) On each At the Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters(and, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and Additional Shares, the transactions contemplated herebyAdditional Closing Date), and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as written opinion of such date, the General Counsel of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for dated the Underwriters, together with signed or photostatic copies thereof for each date of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PCits delivery, addressed to the Underwriters (with executed copies for each of the Underwriters) , and in the form heretofore approved by counsel for the and scope satisfactory to Underwriters. (g) As of the effective date of the Registration Statement' Counsel, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering.effect that: (i) At Each of the date Company and the Material Domestic Subsidiaries is duly qualified and in good standing as a foreign corporation in each jurisdiction in which the character or location of this Agreementits properties (owned, leased or licensed) or the Representatives shall have received an agreement substantially nature or conduct of its business makes such qualification necessary, except for those failures to be so qualified or in good standing that will not in the form aggregate have a Material Adverse Effect. All of Annex A hereto signed the issued and outstanding capital stock (or similar interests) of each Material Domestic Subsidiary has been duly and validly authorized and issued, is fully paid and nonassessable and was not issued in violation of or subject to any preemptive rights and is owned by the persons listed on Company or one of its subsidiaries, free and clear of all claims, liens, security interests, pledges, charges, encumbrances, stockholders agreements and voting trusts, except as otherwise described in Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date.III to this Underwriting Agreement. ------------ (jii) All proceedings taken at or prior The shares of Common Stock to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and outstanding on the Closing Date, you and including the Shares, will not have been issued in violation of or be subject to any preemptive rights. To such counsel shall have received each and every additional documentcounsel's knowledge, letterthere is no outstanding option, opinion, certificate warrant or other item dated right calling for the issuance of any share of capital stock (or similar interests) of the Company or of any of its subsidiaries or any security or other instrument that by its terms is convertible into, exercisable for or exchangeable for capital stock (or similar interests) of the Company or any subsidiary, except as described in the Registration Statement and executed the Prospectus. (iii) The Company's execution and delivery of, and its performance of its obligations under, this Underwriting Agreement and the consummation of the transactions contemplated thereby, do not and, when such performance is required pursuant to the terms thereof, will not (A) conflict with or result in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale breach of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for terms and provisions of, or constitute a default under (or an event that with notice or lapse of time, or both, would constitute a default under) or require approval or consent under, or result in this Section shall not have been fulfilled as the creation or imposition of any lien, charge or encumbrance upon any property or assets of the date indicatedCompany or any of its subsidiaries pursuant to the terms of any Material Contract or any Material Permit, all obligations of the several Underwriters under this Agreement may be cancelled except for those conflicts, breaches or defaults for which consent or approval has been obtained by the Representatives by notifying the Company of such cancellation on or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf date hereof, (B) violate or conflict with any provision of the Underwriters compliance certificate of incorporation, by- laws or similar governing instruments of the Company or any Material Domestic Subsidiary, or (C) to such counsel's knowledge, violate or conflict with any conditions judgment, decree, order, statute, rule or regulation of any court or any public, governmental or regulatory agency or body having jurisdiction over the Company or any Material Domestic Subsidiary or any of its respective properties or assets, except, with respect to the obligations clauses (A) and (C) of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwise.this subparagraph

Appears in 1 contract

Samples: Underwriting Agreement (Genesis Direct Inc)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, to the performance by the Company of its obligations hereunder and to the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or Rule 164(b)); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been initiated or threatened; any request of the Commission for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any Issuer Free Writing Prospectus or otherwise) shall have been complied with to the Underwriters’ satisfaction; and FINRA shall have raised no objection to the fairness and reasonableness of the underwriting terms and arrangements. (b) The Underwriters shall not have advised the Company that the Registration Statement, the Time of Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, or any Issuer Free Writing Prospectus, contains an untrue statement of fact which, in the Underwriters’ opinion, is material, or omits to state a fact which, in the Underwriters’ opinion, is material and is required to be stated therein or necessary to make the statements therein not misleading. (c) Except as contemplated in the Time of Sale Disclosure Package and in the Prospectus, subsequent to the respective dates as of which information is given in the Time of Sale Disclosure Package, neither the Company nor any of its subsidiaries shall have incurred any material liabilities or obligations, direct or contingent, or entered into any material transactions, or declared or paid any dividends or made any distribution of any kind with respect to its capital stock; and there shall not have been any change in the capital stock (other than a change in the number of outstanding shares of Common Stock due to the issuance of shares upon the exercise of outstanding options or warrants), or any material change in the short-term or long-term debt of the Company except for the extinguishment thereof, or any issuance of options, warrants, convertible securities or other rights to purchase the capital stock of the Company or any of the Company’s subsidiaries, or any Material Adverse Change or any development involving a prospective Material Adverse Change (whether or not arising in the ordinary course of business), or any loss by strike, fire, flood, earthquake, accident or other calamity, whether or not covered by insurance, incurred by the Company or any of the Company’s subsidiaries, the effect of which, in any such case described above, in the Representative’s judgment, makes it impractical or inadvisable to offer or deliver the Securities on the terms and in the manner contemplated in the Time of Sale Disclosure Package, the Registration Statement and in the Prospectus. (d) On or after the Time of Sale (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (e) On the Closing Date, there shall have been furnished to the Underwriters the opinion of Kxxxxxx & Cxxxxxx, P.C., counsel for the Company, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. In rendering such opinion, such counsel may rely (i) as to matters of law other than New York, Virginia, Delaware (based solely on Delaware’s General Corporation Law) and federal law, upon the opinion or opinions of local counsel provided that the extent of such reliance is specified in such opinion and that such counsel shall state that such opinion or opinions of local counsel are satisfactory to them and that they believe they and the Underwriters are justified in relying thereon and (ii) as to matters of fact, to the extent such counsel deems reasonable upon certificates of officers of the Company and its subsidiaries provided that the extent of such reliance is specified in such opinion. (f) On the date of the Prospectus at a time prior to the execution of this Agreement, on the effective date of any post-effective amendment to the Registration Statement filed subsequent to the date of this Agreement and also at each of the Closing Date and the Option Closing Date, the Underwriters shall have received a letter of Fxxxxxxx LLP, dated the respective dates of delivery thereof, and addressed to the Underwriters, in form and substance satisfactory to the Underwriters. (g) On the Closing Date, there shall have been furnished to the Underwriters a certificate, dated the Closing Date and addressed to the Underwriters, signed by the chief executive officer or the chief financial officer of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof or the qualification of the Securities for offering or sale nor suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted before or, to the knowledge best of the Company or the Representativestheir knowledge, shall be is contemplated by the Commission or any state securities or “Blue Sky” commissioner or authority.regulatory body; and (biii) At each Closing Date, (i) the representations and warranties The signers of the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Company shall said certificate have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) carefully examined the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus Prospectus, and any amendments thereof or supplements thereto shall in all material respects conform (including any documents filed under the Exchange Act and deemed to be incorporated by reference into the requirements Time of Sale Disclosure Package, the Registration Statement or the Prospectus), and (A) each part of the Registration Statement and the Prospectus, and any amendments thereof or supplements thereto (including any documents filed under the Exchange Act and deemed to be incorporated by reference into the Rules and RegulationsProspectus) contain, and neither contained, when such part of the Registration Statement (or such amendment) became effective, all statements and information required to be included therein, each part of the Registration Statement, any preliminary prospectus or the Prospectus, or any amendment thereof, does not contain, and did not contain, when such part of the Registration Statement (or supplement theretosuch amendment) became effective, shall contain any untrue statement of a material fact or omit to state, and did not omit to state when such part of the Registration Statement (or such amendment) became effective, any material fact required to be stated therein or necessary to make the statements therein not misleading; , and the Prospectus, as amended or supplemented, does not include and did not include as of its date, or the time of first use within the meaning of the Rules and Regulations, any untrue statement of a material fact or omit to state and did not omit to state as of its date, or the time of first use within the meaning of the Rules and Regulations, a material fact necessary to make the statements therein, in light of the circumstances under which they were made, (iiiB) neither (1) the Time of Sale Disclosure Package nor (2) any individual Issuer Limited-Use Free Writing Prospectus, when considered together with the Time of Sale Disclosure Package, include, nor included as of the Time of Sale any untrue statement of a material fact or omits, or omitted as of the Time of Sale, 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, (C) since the Time of Sale, there shall have beenhas occurred no event required to be set forth in an amended or supplemented prospectus which has not been so set forth, since and there has been no document required to be filed under the Exchange Act that upon such filing would be deemed to be incorporated by reference into the Time of Sale Disclosure Package, the Registration Statement or into the Prospectus that has not been so filed, (D) subsequent to the respective dates as of which information is given, no material adverse change given in the condition (financial or otherwise)Time of Sale Disclosure Package, business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have subsidiaries has incurred any material liabilities or material obligations, direct or contingent, or entered into any material transactiontransactions, contract or agreement not in the ordinary course of business other than business, or declared or paid any dividends or made any distribution of any kind with respect to its capital stock, and except as referred to or contemplated disclosed in the Registration Statement; Time of Sale Disclosure Package and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or there has not been any change in equity shall be pending or, the capital stock (other than a change in the number of outstanding shares of Common Stock due to the Company’ knowledgeissuance of shares upon the exercise of outstanding options or warrants), threatened against or any material change in the short-term or long-term debt except for the extinguishment thereof, or any issuance of options, warrants, convertible securities or other rights to purchase the capital stock, of the Company or any of its Subsidiaries that would be required to be set forth subsidiaries, or any Material Adverse Change or any development involving a prospective Material Adverse Change (whether or not arising in the Registration Statementordinary course of business), and no proceedings shall be pending oror any loss by strike, to the Company’ knowledgefire, threatened against flood, earthquake, accident or other calamity, whether or not covered by insurance, incurred by the Company or any of its Subsidiaries subsidiaries, and (E) except as stated in the Time of Sale Disclosure Package and in the Prospectus, there is not pending, or, to the knowledge of the Company, threatened or contemplated, any action, suit or proceeding to which the Company or any of its subsidiaries is a party before or by any commissioncourt or governmental agency, board authority or administrative agency in the United States body, or elsewhereany arbitrator, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to which might result in a any Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such dateChange. (ch) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the The Company shall have furnished to the Underwriters and counsel for the Underwriters such additional documents, certificates and evidence as the Underwriters or counsel such documents as they for the Underwriters may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offeringrequested. (i) At the date of this Agreement, the Representatives The Underwriters shall have received an agreement the written agreements, substantially in the form of Annex A hereto signed by Schedule IV hereto, of the persons directors and executive officers of the Company listed on Schedule B heretoV to this Agreement. All such opinions, certificates, letters and such agreements shall other documents will be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection compliance with the sale of the Shares shall be reasonably provisions hereof only if they are satisfactory in form and substance to you the Underwriters and counsel to for the several Underwriters, and at . The Company will furnish the time of signing this Agreement and on the Closing Date, you and Underwriters with such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company conformed copies of such cancellation on or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of opinions, certificates, letters and other documents as the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseshall reasonably request.

Appears in 1 contract

Samples: Underwriting Agreement (Sino-Global Shipping America, Ltd.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder to purchase the Securities are subject to the accuracy, as of the date hereof, at the Closing Date and on each Option Closing Date (as if made on the Closing Date or such Option Closing Date, as applicable), of and compliance in all material respects with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Representative’s satisfaction. (b) At each Closing Date, The Shares and the Warrant Shares shall be approved for listing on the NYSE MKT and eligible for admission to trading on AIM. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Underwriters shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Underwriters’ reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date and on each Option Closing Date, there shall have beenbeen furnished to the Underwriters the opinion and negative assurance letters of Barack Fxxxxxxxxx Xxxxxxxxxx & Nxxxxxxxx LLP, outside corporate counsel for the Company, Cxxxx Legal Partners, Israeli counsel for the Company, and Exxxxxx Bxxxxx & Green, regulatory counsel for the Company, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. (g) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriters the opinion and negative assurance letters of Pxxxx Xxxxx Zedek Lxxxxx LLP, special patent counsel to the Company, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters, to the effect set forth in Schedule V. (h) On the Closing Date, there shall have been furnished to the Representative, the negative assurance letter of Lxxxxxxxxx Xxxxxxx PC, counsel to the Underwriters, dated the Closing Date, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. (i) The Underwriters shall have received a letter of Kxxx Fxxxx Gxxxxx & Kasierer on the date hereof and on the Closing Date, addressed to the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriters. (j) On the Closing Date and on each Option Closing Date, prospects there shall have been furnished to the Underwriters a certificate, dated the Closing Date or results the Option Closing Date, as applicable, and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of operations the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and its subsidiariescorrect in all respects, taken and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as a wholeif made at and as of the Closing Date, from that set forth in the Registration Statement, each preliminary prospectus and the ProspectusCompany has complied in all material respects with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date or the Option Closing Date, except changes that as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (jk) All proceedings taken at On or prior to each Closing Date in connection with before the sale of date hereof, the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel Underwriters shall have received each and every additional documentduly executed “lock-up” agreements, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory form set forth on Schedule VI, between the Underwriters and each of the executive officers and directors of the Company specified in Schedule VII. (l) The Company and the Warrant Agent shall have executed and delivered counterparts of the Warrant Agreement. (m) The Company shall have furnished to you the Representative and its counsel such counseladditional documents, certificates and evidence as you the Representative or such its counsel may have reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying written notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(viii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Medgenics, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder to purchase the Shares are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representatives for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Representatives’ satisfaction. (b) At each Closing Date, The Shares shall be qualified for listing on the NASDAQ Global Market. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representatives shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Representatives’ reasonable opinion, is material, or omit omits to state any a fact which, in the Representatives’ reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date, there shall have beenbeen furnished to the Representatives the opinion and negative assurance letters of Xxxxxx, Xxxxx & Xxxxxxx LLP, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representatives, to the effect set forth in Schedule III. (g) The Representatives shall have received a letter of each of Ernst & Young LLP and BDO Xxxxxxx, LLP, on the date hereof and on the Closing Date addressed to the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm with respect to the financial information and other matters required by the Representatives. (h) On the Closing Date, prospects or results there shall have been furnished to the Representatives a certificate, dated the Closing Date and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of operations the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and its subsidiariescorrect in all respects, taken and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as a wholeif made at and as of the Closing Date, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementShares for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each prior to the Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At On or before the date of this Agreementhereof, the Representatives shall have received an agreement substantially duly executed “lock-up” agreements, in a form acceptable to the form of Annex A hereto signed by Representatives, between the Representatives and the persons listed set forth on Schedule B hereto, and such agreements shall be in full force and effect on the Closing DateIV. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares The Company shall be reasonably satisfactory in form and substance to you and counsel have furnished to the several UnderwritersRepresentatives and their counsel such additional documents, certificates and at evidence as the time of signing this Agreement and on the Closing Date, you and such Representatives or their counsel shall may have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counselrequested. (k) The Reverse Stock Split, as you or such counsel may reasonably request described in connection with each preliminary prospectus, the Time of Sale Disclosure Package and the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Dateshall have been consummated. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(vii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (UniTek Global Services, Inc.)

Conditions of the Underwriters’ Obligations. The several respective obligations of the several Underwriters hereunder to purchase the Shares are subject to the accuracy, as of the date hereof and at all times through the Closing Date, and on each Option Closing Date (as if made on the Closing Date or such Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Final Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act, the Company shall have filed the Final Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, any state securities Prospectus, the Final Prospectus, any Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the satisfaction of the Representative. (b) At each Closing DateThe Shares and the Underwriter Warrant Shares shall be approved for listing on the Nasdaq, subject to official notice of issuance. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration StatementSale Disclosure Package, any preliminary prospectus or Prospectus, the Final Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the reasonable opinion of the Representative, is material, or omit omits to state any a fact which, in the reasonable opinion of the Representative, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date and on each Option Closing Date, there shall have beenbeen furnished to the Representative, for the benefit of the Underwriters, the opinion and negative assurance letters of Xxxxx Xxxxxx LLP, counsel to the Company, each dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative containing the opinions and negative assurance set forth on Exhibit C. (g) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Representative, for the benefit of the Underwriters, the opinion of Xxxxxxx Xxxxxxxx, intellectual property counsel to the Company, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative. (h) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Representative, for the benefit of the Underwriters, the negative assurance letter of DLA Piper LLP (US), counsel to the Underwriters, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative. (i) The Representative, for the benefit of the Underwriters, shall have received a letter from each of Xxxxxx LLP and FML, on the date hereof and on the Closing Date and on each Option Closing Date, addressed to the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth given in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Final Prospectus, except changes as of a date not prior to the date hereof or more than five days prior to the date of such letter), the conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriters. (j) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Representative, for the benefit of the Underwriters, a certificate, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date or the Option Closing Date, as applicable, and the Company has complied with all the agreements and satisfied all the conditions on its part required to be performed or satisfied at or prior to the Closing Date or the Option Closing Date, as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each after the date of this Agreement and prior to the Closing Date or the Option Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such dateapplicable. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (dk) On each Closing Date you or before the date hereof, the Representative shall have received a signed opinionduly executed lock-up agreement (each a “Lock-Up Agreement”) in the form set forth on Exhibit A hereto, dated as by and between the Representative and each of such datethe parties specified in Schedule IV. If the Representative, in its sole discretion, agrees to release or waive the restrictions set forth in the Lock-Up Agreement for an officer, director or stockholder of Xxxxxxthe Company and provides the Company with notice of the impending release or waiver at least three business days before the effective date of the release or waiver, Xxxxxxxx & Markiles LLP, counsel the Company agrees to announce the several Underwriters, with respect to impending release or waiver by a press release substantially in the sufficiency form of all corporate proceedings and other legal matters relating to this Agreement and Exhibit B hereto through a major news service at least two business days before the transactions contemplated hereby, and effective date of the release or waiver. (l) The Company shall have furnished to such the Underwriters and its counsel such documents additional documents, certificates and evidence as they the Underwriters or its counsel may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive Date or on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Option Closing Date, an Additional Closing Date or otherwiseas applicable, and such termination shall be without liability of any party to any other party, except that Section 5(h), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Lovesac Co)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder to purchase the Shares are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company and the Selling Stockholders contained herein, the performance by the Company and the Selling Stockholders of their obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or Rule 164(b) under the Securities Act); the Registration Statement and the S-8 Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or the qualifications S-8 Registration Statement or any part thereof, nor suspending or preventing the use of the Shares Time of Sale Disclosure Package, the Final Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before orinitiated or threatened by the Commission; and any request of the Commission for additional information (to be included in the Registration Statement, the S-8 Registration Statement, the Time of Sale Disclosure Package, the Final Prospectus, or otherwise) shall have been complied with to the knowledge of the Company or the Representatives, shall be contemplated by the Commission or any state securities or “Blue Sky” commissioner or authorityUnderwriters’ satisfaction. (b) At each Closing Date, (i) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (c) None of the Underwriters shall be true have reasonably determined and correct with the same effect as if made on and as of such Closing Date and advised the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements of the Act and the Rules and Regulations, and neither the S-8 Registration Statement, any preliminary prospectus or the ProspectusTime of Sale Disclosure Package, the Final Prospectus (or any amendment thereof or supplement thereto, shall contain ) or any Issuer Free Writing Prospectus contains an untrue statement of a material fact which, in any Underwriter’s reasonable opinion, is material, or omit omits to state a fact which, in any Underwriter’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; (iii) there shall have been, since the respective dates as of which information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you or after the date hereof (i) no downgrading shall have received a signed opinionoccurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, dated as of and (ii) no such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwritersorganization shall have publicly announced that it has under surveillance or review, with respect to possible negative implications, its rating of any of the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such mattersCompany’s securities. (e) On each the Closing Date you Date, there shall have received been furnished to the signed opinionRepresentatives (i) an opinion and negative assurance letter of Xxxxxxx & Xxxxxx LLP, dated as of such datethe applicable Closing Date, addressed to the Underwriters, in substantially the form and substance reasonably satisfactory to the Representatives, to the effect set forth in Exhibit A, and (ii) a disclosure letter of K&L Gates LLP, counsel dated the applicable Closing Date, addressed to the CompanyRepresentatives, in form and substance reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other UnderwritersRepresentatives. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date execution of this Agreement, the Representatives shall have received a letter from Xxxx Xxxxxx Xxxxx, Inc., executed and dated such date and addressed to the Underwriters, confirming that it is an agreement substantially independent public accountant within the meaning of the Securities Act and is in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the form Time of Annex A hereto Sale Disclosure Package, as of a date not more than five days prior to the date of such letter), the conclusions and findings of said firm, of the type ordinarily included in accountants’ “comfort letters” to underwriters, with respect to the financial information, including any financial information contained in Exchange Act Reports filed by the Company or incorporated by reference in the Registration Statement, the S-8 Registration Statement, the Time of Sale Disclosure Package and the Prospectus, and other matters reasonably requested by any Representative. (g) On the Closing Date, the Representatives shall have received a letter (a “Bring-down Letter”) from Xxxx Xxxxxx Xxxxx, Inc., addressed to the Underwriters and dated the applicable Closing Date, confirming, as of the date of such Bring-down Letters (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the Time of Sale Disclosure Package, as of a date not more than five days prior to the date of such Bring-down Letters), the conclusions and findings of said firms, of the type ordinarily included in accountants’ “comfort letters” to underwriters, with respect to the financial information, and other matters covered by its respective letter delivered to the Underwriters concurrently with the execution of this Agreement pursuant to paragraph (f) of this Section 6. (h) On the Closing Date, there shall have been furnished to the Representatives a certificate, dated the Closing Date and addressed to the Underwriters, signed by either the chief executive officer or the chief financial officer of the Company, in their capacity as such on behalf of the Company, to the effect that: (i) the representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part required to be performed or satisfied at or prior to the Closing Date. (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement, the S-8 Registration Statement or any part thereof or any amendment thereof, (B) suspending the qualification of the Shares for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to their knowledge, is contemplated by the Commission or any state or regulatory body; and (iii) There has been no occurrence of any event resulting or reasonably likely to result in a Material Adverse Effect during the period from and after the date of this Agreement and prior to the Closing Date. (i) On the Closing Date, or the Option Closing Date, as applicable, the Company shall have furnished to the Representatives a certificate signed by the persons listed on Schedule B heretoCompany’s secretary including copies of (i) all resolutions of the Company’s Board of Directors or committees thereof relating to the Registration Statement and the offer and sale of the Shares and (ii) the Company’s certificate of incorporation and bylaws, each as amended and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection The Company shall have prepared and filed with the sale of the Shares shall be reasonably satisfactory in form and substance Commission a Current Report on Form 8-K with respect to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunderShares, including as an exhibit thereto this Agreement. (k) Each of the Company’s executive officers and directors shall have executed and delivered to the Representatives a Lock-up Agreement, substantially in the form attached hereto as Exhibit B. (l) The Common Stock shall be registered under the Exchange Act and shall be listed on the NYSE MKT, and the Company shall not have taken any action designed to terminate, or proceedings at likely to have the effect of terminating, the registration of the Common Stock under the Exchange Act or delisting or suspending from trading the Common Stock from the NYSE MKT, nor shall the Company have received any information suggesting that the Commission is contemplating terminating such registration or listing. (m) On the Closing Date, the Company and the Selling Stockholders shall have furnished to the Representatives such additional information, certificates, opinions or documents as the Representatives may reasonably request. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled in all material respects when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives by notifying written notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may Date specifying in their sole discretion waive on behalf reasonable detail the reason for such termination, and such termination shall be without liability of the Underwriters compliance with any conditions party to the obligations of the Underwriters hereunderany other party, whether except that Section 5(a)(vii), Section 7 and Section 8 shall survive any such termination and remain in respect of the First Closing Date, an Additional Closing Date or otherwisefull force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (GigOptix, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters Underwriter hereunder to purchase the Shares and the ADSs are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or Rule 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package or the Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or any state securities the Underwriter for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriter’s satisfaction. (b) At each Closing Date, (i) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (c) The Underwriter shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain any contains an untrue statement of a material fact which, in the Underwriter’s reasonable opinion, is material, or omit omits to state any a fact which, in the Underwriter’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiid) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (e) On the Closing Date, there shall have beenbeen furnished to the Underwriter the opinion of the Company’s United States counsel, dated the Closing Date and addressed to the Underwriter, covering the matters set forth in Schedule I and in for and substance reasonably satisfactory to the Underwriter. (f) On the Closing Date, there shall have been furnished to the Underwriter the opinion of the Company’s Cayman counsel, dated the Closing Date and addressed to the Underwriter, covering the matters set forth in Schedule I and in form and substance reasonably satisfactory to the Underwriter. (g) On the Closing Date, there shall have been furnished to the Underwriter the opinion of the Company’s China counsel, dated the Closing Date and addressed to the Underwriter, covering the matters set forth in Schedule II and in form and substance reasonably satisfactory to the Underwriter. (h) On the Closing Date, there shall have been furnished to the Underwriter the opinion of the Company’s Hong Kong counsel, dated the Closing Date and addressed to the Underwriter, covering the matters set forth in Schedule III and in form and substance reasonably satisfactory to the Underwriter. (i) The Underwriter shall have received a letter from BDO Limited, on the date hereof and on the Closing Date addressed to the Underwriter, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriter. (j) On or before the date hereof, prospects or results the Underwriter shall have received duly executed “lock-up” agreements, in the form set forth on Schedule V, between the Underwriter and those persons set forth on Schedule IV. (k) On the Closing Date, there shall have been furnished to the Underwriter a certificate, dated the Closing Date and addressed to the Underwriter, signed by the chief executive officer and the chief financial officer of operations the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its subsidiariespart to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof, taken as a whole, from that set forth in the ADS Registration Statement, each preliminary prospectus and or any part thereof or any amendment thereto or the Form 8-A Registration Statement, or any part thereof or any amendment thereto, (B) suspending the qualification of the Shares or the ADSs for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package or the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statementhas been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (jl) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on At the Closing Date, you and such counsel the ADSs shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably been approved for listing on the Nasdaq Capital Market. (m) The Depositary shall have delivered to the Company at such Closing Date certificates satisfactory to you and such counsel, as you the Underwriter evidencing the deposit with the Depositary or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale its nominee of the Shares hereunder, or proceedings being so deposited against issuance of ADRs evidencing the ADSs to be delivered by the Company at the Closing Date, and the execution, countersignature (if applicable), issuance and delivery of ADRs evidencing such ADSs pursuant to the Deposit Agreement. (n) The Company shall have furnished to the Underwriter and counsel for the Underwriter such additional documents, certificates and evidence as the Underwriter or counsel for the Underwriter may have reasonably requested. (o) On the Closing Date, there shall have been issued to the Underwriter, the Underwriter’s Warrant. If any of the conditions herein provided for condition specified in this Section 7 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriter by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 6(a)(vii), Section 8 and Section 9 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Grand Farm Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder to purchase the Shares are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and by the Commission; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any reasonable request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriters for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Representative’s reasonable satisfaction. (b) At each Closing Date, (i) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (c) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Representative’s reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; (iii) there shall have been, since the respective dates as of which information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you or after the date hereof (i) no downgrading shall have received a signed opinionoccurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, dated as of and (ii) no such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwritersorganization shall have publicly announced that it has under surveillance or review, with respect to possible negative implications, its rating of any of the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such mattersCompany’s securities. (e) On each Closing Date you Date, there shall have received been furnished to the signed opinionRepresentative the opinion and negative assurance letter of Fenwick & West, LLP, dated the Closing Date and the Option Closing Date, as of such dateapplicable, of K&L Gates LLP, counsel and addressed to the CompanyRepresentative, in form and substance reasonably satisfactory to counsel for the UnderwritersRepresentative, together with signed or photostatic copies thereof for each of to the other Underwriterseffect set forth in Schedule II. (f) At the time of the signing of this Agreement and on each Closing Date, you The Representative shall have received a signed letterletter of PricewaterhouseCoopers LLP, dated, respectivelyon the date hereof and on the Closing Date and Option Close Date, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PCapplicable, addressed to the Underwriters (with executed copies for each Representative, confirming that they are independent public accountants within the meaning of the Underwriters) Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the form heretofore approved Time of Sale Disclosure Package, as of a date not prior to the date hereof or more than five days prior to the date of such letter), the conclusions and findings of said firm with respect to the financial information and other matters required by counsel for the UnderwritersRepresentative. (g) As of On or before the effective date of the Registration Statementhereof, the Common Stock Representative shall be have received duly executed “lock-up” agreements, in a form attached as Exhibit A hereto, between the Representative and the individuals listed on the NASDAQ Global Market, subject to official notice of issuanceSchedule III. (h) FINRA On the Closing Date, there shall have confirmed that it has not raised any objection with respect been furnished to the fairness Representative a certificate, dated the Closing Date and reasonableness addressed to the Representative, signed by the chief executive officer and the chief financial officer of the underwriting terms Company, in their capacity as officers of the Company, to the effect that: (i) The representations and arrangements warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date or the Option Closing Date, as applicable, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date or the Option Closing Date, as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof, (B) suspending the qualification of the Shares for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to their knowledge, is contemplated by the Commission or any state or regulatory body; and (iii) There has been no occurrence of any event resulting or reasonably likely to result in a Material Adverse Effect during the period from and after the date of this offeringAgreement and prior to the Closing Date or the Option Closing Date, as applicable. (i) At the date of this Agreement, the Representatives The Company shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel furnished to the several UnderwritersUnderwriters and their counsel such additional documents, certificates and at evidence customary under the time of signing this Agreement and on circumstances as the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate Representative or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such its counsel may have reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(vii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Glu Mobile Inc)

Conditions of the Underwriters’ Obligations. The several obligations of each Underwriter hereunder to purchase the Underwriters hereunder Securities are subject to the accuracy, as of the date hereof and at the Closing Date or any applicable Option Closing Date (as if made at the Closing Date or Option Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462(b) Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each Closing DateThe Shares, the Pre-Funded Warrant Shares and Warrant Shares shall be qualified and approved for listing on Nasdaq. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Representative’s reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) Between the date hereof and the Closing Date (A) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical rating organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (B) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date or any Option Closing Date, there shall have beenbeen furnished to the Representative the opinion and negative assurance letter of Xxxxxx Xxxxxxx Xxxxx & Xxxxxxxxxxx LLP, or such other corporate counsel for the Company, dated as of the Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (g) The Representative shall have received letters, from the Company’s auditors, on the date hereof and on the Closing Date or any Option Closing Date, addressed to the Representative, in form and substance reasonably satisfactory to the Representative, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm, prospects or results of operations of the type ordinarily included in accountants’ “comfort letters” to underwriters, with respect to the financial information, including any financial information contained in the SEC Reports filed by the Company and its subsidiaries, taken as a whole, from that set forth or incorporated by reference in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus, except changes and other matters required by the Representative. (h) On the Closing Date and any Option Closing Date (if applicable), there shall have been furnished to the Representative a certificate, dated the Closing Date and addressed to the Representative, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date or such Option Closing Date (as applicable), and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date or such Option Closing Date (as applicable); (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each after the date of this Agreement and prior to the Closing Date or any Option Closing Date (as applicable). (i) On the Closing Date, or any Option Closing Date (as applicable), there shall have been furnished to the Representative a certificate certificate, dated the Closing Date or any Option Closing Date (as applicable), and addressed to the Representative, signed by the secretary of the principal executive officer and the principal financial Company or accounting similar person, in such person’s capacity as an officer of the Company, dated as of such Closing Date, evidencing compliance with to the provisions of this Subsection 5(b), and confirming the accuracy effect that: (i) that each of the representations certificate of incorporation, as amended and the memorandum and articles of association of the Company set forth are true and complete, have not been modified and are in Section 1 hereof full force and confirming effect; (ii) that all conditions set forth herein the resolutions of the Company’s Board of Directors relating to the Offering are in full force and effect and have not been modified; and (iii) as to the incumbency of the officers of the Company. The documents referred to in such certificate shall be met by the Company have been met as of attached to such datecertificate. (cj) No Underwriter On or before the date hereof, the Representative shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statementreceived duly executed “lock-up” agreements, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion form attached hereto as Exhibit C, between the Representative and each of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleadingparties set forth on Schedule IV hereto. (dk) On each Closing Date you The Representative shall have received a signed opinion, dated as electronic copies of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to Pre-Funded Warrants and Warrants executed by the sufficiency of all corporate proceedings Company. (l) The Shares and other legal matters relating to this Agreement Warrant Shares shall be registered under the Exchange Act and the transactions contemplated herebyhave been approved for listing on Nasdaq, and the Company shall not have furnished taken any action designed to terminate, or likely to have the effect of terminating, the registration of the Common Shares under the Exchange Act or delisting or suspending from trading the Common Shares from Nasdaq, nor shall the Company have received any information suggesting that the Commission is contemplated terminating such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such mattersregistration or listing. (em) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you or any Option Closing Date (as applicable), the Firm Shares and the Option, Shares (as applicable) shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & been delivered via the Depository Trust Company Certified Public Accountants PC, addressed system to the Underwriters (with executed copies for each accounts of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (gn) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA The Company shall have confirmed that it has not raised any objection with respect furnished to the fairness Representative and reasonableness of its counsel such additional documents, certificates and evidence as the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at Representative or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such its counsel may have reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(xi), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (New Horizon Aircraft Ltd.)

Conditions of the Underwriters’ Obligations. The several respective obligations of the several Underwriters hereunder to purchase the Securities are subject to the accuracy, as of the date hereof and at all times through each Closing Date (as if made on such Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Final Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Final Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, any state securities Prospectus, the Final Prospectus, any Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the satisfaction of the Representative. (b) At each Closing DateThe Ordinary Shares shall be approved for listing on Nasdaq, and satisfactory evidence thereof shall have been provided to the Representative and its counsel. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration StatementSale Disclosure Package, any preliminary prospectus or Prospectus, the Final Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the reasonable opinion of the Representative, is material, or omit omits to state any a fact which, in the reasonable opinion of the Representative, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; (iii) there shall have been, since the respective dates as of which information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you Date, there shall have received been furnished to the signed opinionRepresentative on behalf of the Underwriters the opinion and negative assurance letters of Xxxxxx Xxxxxxx Xxxxxxx & Li LLC, dated as of such date, of K&L Gates LLP, U.S. securities counsel to the Company, dated on such Closing Date, and addressed to the Underwriters, in form and substance reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other UnderwritersRepresentative. (f) At On each Closing Date, there shall have been furnished to the time Representative on behalf of the signing Underwriters the opinion and negative assurance letters of this Agreement Xxxxx, British Virgin Islands counsel to the Company, dated on such Closing Date, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative. (g) On each Closing Date, there shall have been furnished to the Representative on behalf of the Underwriters the opinion and negative assurance letters of Long An & Xxx LLP, Hong Kong counsel to the Company, dated such Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative. On each Closing Date, there shall have been furnished to the Representative on behalf of the Underwriters the opinion and negative assurance letters of Xxxxxxxx Xxxxxx & Xxxx Law Firm, Chinese counsel to the Company, dated such Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative. (h) The Underwriters shall have received a letter from each of Xxxxxx Asia CPAs LLP and Xxxxxxxx LLP, on the date hereof and on each Closing Date, you shall have received a signed letteraddressed to the Underwriters, datedconfirming that it is independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, respectivelyand confirming, as of the date of each such dateletter (or, from Xxxxxxxx & Company Certified Public Accountants PCwith respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the Registration Statement, addressed the Time of Sale Disclosure Package and the Final Prospectus, as of a date not prior to the Underwriters date hereof or more than five (5) days prior to the date of such letter), the conclusions and findings of said firm with executed copies for each of respect to the Underwriters) in the form heretofore approved financial information and other matters required by counsel for the Underwriters. (gi) As On each Closing Date, there shall have been furnished to the Underwriters a certificate, dated such Closing Date and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of the effective date Company, in their capacity as officers of the Company, to the effect that: (A) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of such Closing Date, and the Company has complied in all material respects with all the agreements and satisfied all the conditions on its part required to be performed or satisfied at or prior to such Closing Date; (B) No stop order or other order (i) suspending the effectiveness of the Registration StatementStatement or any part thereof or any amendment thereof, (ii) suspending the qualification of the Securities for offering or sale, or (iii) suspending or preventing the use of the Time of Sale Disclosure Package, any Prospectus, the Common Stock shall be listed on Final Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to their knowledge, is contemplated by the NASDAQ Global Market, subject to official notice of issuance.Commission or any state or regulatory body; and (hC) FINRA shall have confirmed that it There has not raised been no occurrence of any objection with respect event resulting or reasonably likely to result in a Material Adverse Effect during the fairness period from and reasonableness of the underwriting terms and arrangements for this offering. (i) At after the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, Agreement and prior to such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at On or prior to each Closing Date in connection with before the sale of date hereof, the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel Representative shall have received duly executed lock-up agreement, substantially in the form of Exhibit A hereto (each a “Lock-Up Agreement”), by and every between the Representative and each of the parties specified in Schedule IV. (k) The Company shall have furnished to the Representative and its counsel such additional documentdocuments, letter, opinion, certificate or other item dated certificates and executed in a manner reasonably satisfactory to you evidence as the Representative and such counsel, as you or such its counsel may have reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(viii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Junee LTD)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder to purchase the Shares are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Final Prospectus, or any amendment or supplement thereto, is required under the Securities Act, the Company shall have filed the Final Prospectus (or such amendment or supplement) with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, or the Final Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or any state securities the Underwriters for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Final Prospectus, or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each Closing Date, (i) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (c) The Underwriters shall be true not have determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Final Prospectus, or any amendment thereof or supplement thereto, shall contain any contains an untrue statement of a material fact which, in the Underwriters’ reasonable opinion, is material, or omit omits to state any a fact which, in the Underwriters’ reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiid) On the Closing Date, there shall have beenbeen furnished to the Underwriters the opinion and negative assurance letters of Sichenzia Xxxx Xxxxxxxx Xxxxxxx LLP, counsel for the Company, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters, to the effect set forth in Schedule II. (e) On the Closing Date, there shall have been furnished to the Underwriters the opinion of Xxx Xx Law Offices LLC, the Company’s China counsel, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters, to the effect set forth in Schedule III. (f) On the Closing Date, there shall have been furnished to the Underwriters the opinion of Xxxxx Xxxxx, the Company’s patent counsel, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters, to the effect set forth in Schedule IV. (g) On the Closing Date, there shall have been furnished to the Underwriters the opinion of Xxxxxx Xxxxxxxx Ittleman, the Company’s regulatory counsel, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters, to the effect set forth in Schedule V. (h) On the Closing Date, there shall have been furnished to the Underwriters the opinion of Xxxxxxxxxx Xxxxxxx PC, the Company’s counsel, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters, to the effect set forth in Schedule VI. (i) The Underwriters shall have received a letter of each of Xxxxx Xxxxxxxxxx Xxxxxxxx LLP and Xxxxx Xxxxxxxx Xxxxx Xxxxxx and Xxxxxx, LLP, on the date hereof and on the Closing Date addressed to the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriters. (j) On the Closing Date, prospects or results there shall have been furnished to the Underwriters a certificate, dated the Closing Date and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of operations the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement are true and its subsidiariescorrect, taken in all material respects, as a wholeif made at and as of the Closing Date, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementShares for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, or the Final Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (jk) All proceedings taken at On or prior to each Closing Date in connection with before the sale of date hereof, the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel Underwriters shall have received each and every additional documentduly executed “lock-up” agreements, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory form acceptable to you the Underwriters, between the Underwriters and each of the Company’s directors and officers. (l) The Company shall have furnished to the Underwriters and counsel for Xxxx Capital Partners, LLC such counseladditional documents, certificates and evidence as you the Underwriters or such counsel may have reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 7 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriters by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 6(a)(vii), Section 8 and Section 9 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (NeoStem, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder are Underwriter to purchase and pay for the Shares on the Closing Date will be subject to the following conditions: (a) The Registration Statement shall have become effective under the Act and, at accuracy on the Closing Date, no stop order suspending the effectiveness Date as if made on and as of the Registration Statement or the qualifications of the Shares shall have been issued and no proceedings for that purpose shall have been instituted before or, Closing Date (other to the knowledge extent any such representation or warranty is expressly made as of the Company or the Representatives, shall be contemplated by the Commission or any state securities or “Blue Sky” commissioner or authority. (ba certain date) At each Closing Date, (i) of the representations and warranties of the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Selling Stockholders herein, to the accuracy of the statements of Company officers made pursuant to the provisions hereof, to the performance by the Company and the Selling Stockholders of their obligations hereunder and to the following additional conditions precedent: (a) The Underwriter shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with received on or prior to the time this Agreement is executed and on the Closing Date a signed letter from Deloitte & Touche LLP addressed to the Underwriter and dated, respectively, November 1, 2006 and the Closing Date; (ii) , in form and substance reasonably satisfactory to the Underwriter containing statements and information of the type ordinarily included in accountants’ “comfort letters” to Underwriter with respect to the financial statements and certain financial information contained in the Registration Statement, each preliminary prospectus Statement and the Statutory Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements of General Disclosure Package, including, but not limited to, the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus or the Prospectus, or any amendment or supplement thereto, shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading; (iii) there shall have been, since the respective dates as of which information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that matters set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries Exhibit F hereto. (b) The Underwriter shall have incurred any material liabilities or material obligationsreceived on the Closing Date from Akin Gump Xxxxxxx Xxxxx & Xxxx LLP, direct or contingentcounsel for the Company, or entered into any material transactionan opinion, contract or agreement not addressed to the Underwriter and dated the Closing Date, substantially in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as form set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such dateExhibit G hereto. (c) No The Underwriter shall have discovered received on the Closing Date from Xxxx Xxxx, Vice President, General Counsel and disclosed Secretary of the Company, an opinion, addressed to the Company prior to any Underwriter and dated the Closing Date that the Registration StatementDate, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that substantially in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary form set forth in order to make the statements therein not misleadingExhibit H hereto. (d) On each Closing Date you The Underwriter shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx on the Closing Date from Akin Gump Xxxxxxx Xxxxx & Markiles Xxxx LLP, counsel for each of Apollo Investment Fund V, L.P., a Delaware limited partnership, Apollo Overseas Partners V, L.P., a Cayman exempt limited partnership, Apollo Netherlands Partners V (A), L.P., a Cayman exempt limited partnership, Apollo Netherlands Partners V (B), L.P., a Cayman exempt limited partnership, and Apollo German Partners V Gmbh & Co. KG, a company formed under the laws of Germany, an opinion, with respect to Apollo Investment Fund V, L.P. addressed to the several UnderwritersUnderwriter and dated the Closing Date, substantially in the form set forth in Exhibit I hereto. (e) The Underwriter shall have received on the Closing Date from Walkers, counsel for each of Apollo Overseas Partners V, L.P., Apollo Netherlands Partners V (A), L.P. and Apollo Netherlands Partners V (B), L.P., an opinion with respect to such Cayman exempt limited partnerships, addressed to the Underwriter and dated the Closing Date, substantially in the form set forth in Exhibit J hereto. (f) The Underwriter shall have received on the Closing Date from Faegre & Xxxxxx LLP, counsel for each of the Individual Selling Stockholders, an opinion, addressed to the Underwriter and dated the Closing Date, substantially in the form set forth in Exhibit K hereto. (g) The Underwriter shall have received on the Closing Date from Skadden, Arps, Slate, Xxxxxxx & Xxxx LLP an opinion reasonably satisfactory to the Underwriter addressed to the Underwriter and dated the Closing Date, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement Shares, the Registration Statement and the transactions contemplated herebyStatutory Prospectus, and such other related matters, as the Underwriter may reasonably request, and the Company shall have furnished to such counsel Skadden, Arps, Slate, Xxxxxxx & Xxxx LLP such documents as they may have reasonably requested request for the purpose of enabling them to pass upon such matters. (eh) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each Each of the other Underwriters. (f) At Power of Attorney and the time of the signing of this Custody Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you the Underwriter when executed and counsel delivered by the respective parties thereto and shall be in full force and effect, and there shall have been no material amendments, alterations, modifications or waivers of any provisions thereof since the date of this Agreement. (i) The Shares shall have been approved for quotation on the NASDAQ Global Market. (j) The Prospectus shall have been filed with the Commission in accordance with Section 5(a) of this Agreement. No order preventing or suspending the use of any Preliminary Prospectus or the Prospectus shall have been or shall be in effect and no order suspending the effectiveness of the Registration Statement shall be in effect and no proceedings for such purpose shall be pending before or threatened by the Commission, no order having the effect of ceasing or suspending the distribution of the Shares shall have been issued or proceedings therefore initiated or threatened by any securities commission, securities regulatory authority or stock exchange in the United States and any requests for additional information on the part of the Commission (to be included in the Registration Statement or the Prospectus or otherwise) shall have been complied with to the several Underwriterssatisfaction of the Commission and the Underwriter If the Company has elected to rely upon Rule 430A, Rule 430A information previously omitted from the effective Registration Statement pursuant to Rule 430A shall have been transmitted to the Commission for filing pursuant to Rule 424(b) within the prescribed time period and the Company shall have provided evidence satisfactory to the Underwriter of such timely filing, or a post-effective amendment providing such information shall have been promptly filed and declared effective in accordance with the requirements of Rule 430A. (k) Subsequent to each Applicable Time, there shall not have occurred (i) any change, or any development or event involving a prospective change in the condition (financial or other), business, properties or results of operations of the Company and its subsidiaries taken as one enterprise which, in the judgment of the Underwriter, is material and adverse and makes it impractical or inadvisable to proceed with completion of the public offering or the sale of and payment for the Shares; (ii) any downgrading in the rating of any debt securities or preferred stock of the Company by any “nationally recognized statistical rating organization” (as defined for purposes of Rule 436(g) under the Securities Act), or any public announcement that any such organization has under surveillance or review its rating of any debt securities or preferred stock of the Company (other than an announcement with positive implications of a possible upgrading, and at no implication of a possible downgrading, of such rating); (iii) any change in U.S. or international financial, political or economic conditions or currency exchange rates or exchange controls as would, in the time judgment of signing this Agreement the Underwriter, makes it impractical or inadvisable to proceed with completion of the public offering or the sale of and payment for the Shares; (iv) any material suspension or material limitation of trading in securities generally on the NASDAQ Global Market, or any setting of minimum prices for trading on such exchange; (v) or any suspension of trading of any securities of the Company on any exchange or in the over-the-counter market; (vi) any banking moratorium declared by U.S. Federal or New York authorities; (vii) any major disruption of settlements of securities or clearance services in the United States or (viii) any attack on, outbreak or escalation of hostilities involving the United States, any declaration of war by Congress or any other national or international calamity or emergency if, in the judgment of the Underwriter, the effect of any such attack, outbreak, escalation, act, declaration, calamity or emergency makes it impractical or inadvisable to proceed with completion of the public offering or the sale of and payment for the Shares. (l) The Underwriter shall have received a certificate, dated as of the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunderPresident or any Vice President and a principal financial or accounting officer of the Company in which such officers, or proceedings at to the best of their knowledge after reasonable investigation, shall state that: the representations and warranties of the Company in this Agreement are true and correct on the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled Date as if made on and as of the date indicated, all obligations Closing Date (other than to the extent any such representation or warranty is expressly made as of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying a certain date); the Company of such cancellation has complied with all agreements and satisfied all conditions on its part to be performed or satisfied hereunder at or prior to the applicable Closing Date; no stop order suspending the effectiveness of any Registration Statement has been issued and no proceedings for that purpose have been instituted or are contemplated by the Commission; subsequent to the dates of the most recent financial statements in the Prospectus, there has been no material adverse change, nor any development or event involving a prospective material adverse change, in the condition (financial or other), business, properties or results of operations of the Company and its subsidiaries taken as a whole except as set forth in the General Disclosure Package or as described in such certificate; they have carefully examined the Registration Statement and the General Disclosure Package and, in their opinion (A) as of each Applicable Time, the Registration Statement and General Disclosure Package did not include any untrue statement of a material fact and did not omit to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (B) since each Applicable Time, no event has occurred which should have been set forth in a supplement or otherwise required an amendment to the Registration Statement or the General Disclosure Package. (m) The Underwriter shall have received a certificate, dated as of the Closing Date, of each Selling Stockholder, or a duly authorized representative thereof, in which such Selling Stockholder shall state that: the representations and warranties of such Selling Stockholder in this Agreement are true and correct on the Closing Date as if made on and as of the Closing Date (other than to the extent any such representation or warranty is expressly made as of a certain date); such Selling Stockholder has complied with all agreements and satisfied all conditions on its part to be performed or satisfied hereunder at or prior to the Closing Date; they have carefully examined the Registration Statement and the General Disclosure Package and, in their opinion (A) as of each Applicable Time, the Registration Statement and General Disclosure Package did not include any untrue statement of a material fact and did not omit to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading only to the extent that any statements in or omissions from such Registration Statement or General Disclosure Package are based on written information furnished to the Company by or on behalf of such Selling Stockholder specifically for use therein as described in Section 7(b) hereof, and (B) since each Applicable Time, no event has occurred which should have been set forth in a supplement or otherwise required an amendment to the Registration Statement or the General Disclosure Package with respect to any written information furnished to the Company by or on behalf of such Selling Stockholder specifically for use therein as described in Section 7(b) hereof. (n) The Custodian will to deliver to the Underwriter a letter stating that it will deliver to each Selling Stockholder a United States Treasury Department Form 1099 (or other applicable form or statement specified by the United States Treasury Department regulations in lieu thereof) on or before January 31 of the year following the date of this Agreement. (o) The Underwriter shall have received a copy of a Lock-Up Agreement substantially in the form of Exhibit A hereto executed by each entity or person listed on Schedule II hereto. The Representatives Company and the Selling Stockholders will furnish the Underwriter with such conformed copies of such opinions, certificates, letters and documents as the Underwriter reasonably requests. The Underwriter may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters Underwriter hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwise.

Appears in 1 contract

Samples: Underwriting Agreement (Uap Holding Corp)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters Underwriter hereunder to purchase the Shares are subject to the accuracy, as of the date hereof, at the Closing Date and on each Option Closing Date (as if made on the Closing Date or such Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company and the Selling Stockholder contained herein, the performance by the Company and the Selling Stockholder of their respective obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriter for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriter’s satisfaction. (b) At each Closing Date, The Shares shall be qualified for listing on the NASDAQ Global Market. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Underwriter shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Underwriter’s reasonable opinion, is material, or omit omits to state any a fact which, in the Underwriter’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date and on each Option Closing Date, there shall have beenbeen furnished to the Underwriter such opinions and letters, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter, all to the effect set forth in Schedule III. (g) The Underwriter shall have received a letter of PricewaterhouseCoopers LLP, on the date hereof, on the Closing Date and on each Option Closing Date, addressed to the Underwriter, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriter. (h) On the date hereof, prospects the Company and the Selling Stockholder shall have delivered to the Underwriter a copy of the Custody Agreement executed by the Selling Stockholder and such further information, certificates and documents relating to the Selling Stockholder or results the Shares to be sold by the Selling Stockholder as the Underwriter may reasonably request. (i) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriter a certificate, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriter, signed by the chief executive officer and the chief financial officer of operations the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and its subsidiariescorrect in all respects, taken and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as a wholeif made at and as of the Closing Date or the Option Closing Date, from that set forth in the Registration Statementas applicable, each preliminary prospectus and the ProspectusCompany has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date or the Option Closing Date, except changes that as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementShares for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding which could reasonably be expected, individually or in the aggregate, expected to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each prior to the Closing Date or the Option Closing Date, you as applicable. (j) On each Option Closing Date, there shall have received been furnished to the Underwriter a signed lettercertificate, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, dated the applicable Option Closing Date and addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration StatementUnderwriter, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B heretoSelling Stockholder, to the effect that the representations and warranties of the Selling Stockholder in this Agreement are true and correct, in all material respects, as if made at and as of such Option Closing Date, and such that the Selling Stockholder has complied with all the agreements shall be in full force and effect satisfied all the conditions on the part of the Selling Stockholder to be performed or satisfied at or prior to such Option Closing Date. (jk) All proceedings taken at On or prior to each Closing Date in connection with before the sale of date hereof, the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel Underwriter shall have received each and every additional documentduly executed “lock-up” agreements, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory form acceptable to you the Underwriter, between the Underwriter and each of the executive officers and directors of the Company specified in Schedule IV. (l) The Company and the Selling Stockholder shall have furnished to the Underwriter and its counsel such counseladditional documents, certificates and evidence as you the Underwriter or such its counsel may have reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 7 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriter by notifying notice to the Company of such cancellation on and the Selling Stockholder at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Date or an Option Closing Date, an Additional Closing Date or otherwiseas applicable, and such termination shall be without liability of any party to any other party, except that Section 6(a)(vii), Section 8 and Section 9 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Vermillion, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters Underwriter hereunder to purchase the Underwritten Shares are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If the filing of the Final Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Final Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) promulgated under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Pricing Disclosure Package or the Final Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; and any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriter for additional information (to be included in the Registration Statement, the Pricing Disclosure Package, the Final Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriter’s satisfaction. (b) At each Closing Date, The Underwritten Shares shall be approved for listing on the NASDAQ Global Market and the Toronto Stock Exchange. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Underwriter shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Pricing Disclosure Package or the Final Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Underwriter’s reasonable opinion, is material, or omit omits to state any a fact which, in the Underwriter’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; misleading and the Company shall not have promptly taken such action as is necessary to cure such untrue statement of material fact or material omission of fact. (iiie) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date, there shall have beenbeen furnished to the Underwriter the opinion letters of Xxxxx & Xxxxxx L.L.P., since dated the respective dates as of which information is givenClosing Date and addressed to the Underwriter, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company form and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except substance as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you Schedule II hereto. (g) The Underwriter shall have received at each Closing Date, a certificate on and as of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx Xxxxxx & Markiles Whitney LLP, counsel to for the several UnderwritersUnderwriter, with respect to such matters as the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated herebyUnderwriter may reasonably request, and the Company such counsel shall have furnished to such counsel received such documents and information as they may have reasonably requested for the purpose of enabling request to enable them to pass upon such matters. (eh) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you The Underwriter shall have received a signed letterletter of Deloitte & Touche LLP, datedon the date hereof and on the Closing Date addressed to the Underwriter, respectivelyin a form acceptable to the Underwriter, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such dateletter (or, from Xxxxxxxx & Company Certified Public Accountants PCwith respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the Pricing Disclosure Package, addressed as of a date not prior to the Underwriters (with executed copies for each of date hereof or more than five days prior to the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statementsuch letter), the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice conclusions and findings of issuance. (h) FINRA shall have confirmed that it has not raised any objection said firm with respect to the fairness financial information and reasonableness of other matters required by the underwriting terms and arrangements for this offeringUnderwriter. (i) At On the Closing Date, there shall have been furnished to the Underwriter a certificate, dated the Closing Date and addressed to the Underwriter, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied in all material respects with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof, (B) suspending the qualification of the Underwritten Shares for offering or sale, or (C) suspending or preventing the use of the Pricing Disclosure Package, the Final Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to their knowledge, is contemplated by the Commission or any state or regulatory body; and (iii) There has been no occurrence of any event resulting or reasonably likely to result in a Material Adverse Effect during the period from and after the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, Agreement and such agreements shall be in full force and effect on prior to the Closing Date. (j) All proceedings taken at On or prior to each Closing Date in connection with before the sale of date hereof, the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel Underwriter shall have received each and every additional documentduly executed “lock-up” agreements, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory form attached hereto as Exhibit A, between the Underwriter and each party named on Schedule III. (k) The Company shall have furnished to you the Underwriter and its counsel such counseladditional documents, certificates and evidence as you the Underwriter or such its counsel may have reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriter by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(ix), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Global Water Resources, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder to purchase the Shares are subject to the accuracy, as of the date hereof, at the Closing Date and on each Option Closing Date (as if made on the Closing Date or such Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriters for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each Closing DateThe Shares shall be approved for listing on the Nasdaq Global Market, subject to official notice of issuance. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Underwriters shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Underwriters’ reasonable opinion, is material, or omit omits to state any a fact which, in the Underwriters’ reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date and on each Option Closing Date, there shall have beenbeen furnished to the Underwriters the opinion and negative assurance letters of Xxxxxxx Xxxxxxxx Xxxxxx LLP, outside corporate counsel for the Company, [and , regulatory counsel for the Company], dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters, to the effect set forth in Schedule V. (g) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriters the opinion and negative assurance letters of , IP counsel to the Company, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters, to the effect set forth in Schedule VI. (h) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriters the negative assurance letter of Xxxxxxxxxx Xxxxxxx PC, counsel to the Underwriters, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. (i) The Underwriters shall have received a letter of Ernst & Young LLP, on the date hereof, on the Closing Date and on each Option Closing Date, addressed to the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), business, prospects or results the conclusions and findings of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, said firm with respect to the Company’ knowledge, threatened against financial information and other matters required by the Company or any of its Subsidiaries that would be required to be set forth in Underwriters. (j) On the Registration Statement, Closing Date and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at on each Option Closing Date, there shall have been furnished to the Underwriters a certificate of certificate, dated the principal Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, signed by the chief executive officer and the principal chief financial or accounting officer of the Company, dated in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of such the Closing Date or the Option Closing Date, evidencing compliance with the provisions of this Subsection 5(b)as applicable, and confirming the accuracy Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date or the Option Closing Date, as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the representations Registration Statement or any part thereof or any amendment thereof, (B) suspending the qualification of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by Shares for offering or sale, or (C) suspending or preventing the Company have been met as use of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration StatementTime of Sale Disclosure Package, any preliminary prospectus or the Prospectus or any amendment or supplement theretoIssuer Free Writing Prospectus, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated herebyhas been issued, and the Company shall have furnished no proceeding for that purpose has been instituted or, to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opiniontheir knowledge, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed is contemplated by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at Commission or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate any state or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company of such cancellation on or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwise.regulatory body; and

Appears in 1 contract

Samples: Underwriting Agreement (TVAX Biomedical, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters Underwriter hereunder to purchase the Shares are subject to the accuracy, as of the date hereof and at all times through the Closing Date, and on each Option Closing Date (as if made on the Closing Date or such Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Final Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Final Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriter for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, any state securities Prospectus, the Final Prospectus, any Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the satisfaction of the Underwriter. (b) At each Closing DateThe Shares shall be approved for listing on Nasdaq, subject to official notice of issuance. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Underwriter shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration StatementSale Disclosure Package, any preliminary prospectus or Prospectus, the Final Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the reasonable opinion of the Underwriter, is material, or omit omits to state any a fact which, in the reasonable opinion of the Underwriter, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On the Closing Date and on each Option Closing Date, there shall have beenbeen furnished to the Underwriter the opinion and negative assurance letters of Xxxxxx Xxxxxxx Xxxxxxxx & Xxxxxx, P.C., counsel to the Company, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (f) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriter the negative assurance letter of DLA Piper LLP (US), counsel to the Underwriter, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriter, in form and substance reasonably satisfactory to Underwriter. (g) The Underwriter shall have received a letter of Xxxx Xxxxxx Xxxxx, Inc., on the date hereof and on the Closing Date and on each Option Closing Date, addressed to the Underwriter, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth given in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Final Prospectus, except changes as of a date not prior to the date hereof or more than five days prior to the date of such letter), the conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriter. (h) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriter a certificate, dated the Closing Date and on each Option Closing Date and addressed to the Underwriter, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date and on the Option Closing Date, and the Company has complied in all material respects with all the agreements and satisfied all the conditions on its part required to be performed or satisfied at or prior to the Closing Date or on the Option Closing Date, as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementShares for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each after the date of this Agreement and prior to the Closing Date or on the Option Closing Date, as applicable. (i) On the Closing Date, or the Option Closing Date, as applicable, the Company shall have furnished to the Underwriter a certificate of the principal executive officer and the principal financial or accounting officer of the Companycertificate, dated as of such Closing Date or Option Closing Date, evidencing compliance with as applicable, signed by the provisions Company’s secretary including copies of this Subsection 5(b), and confirming the accuracy all resolutions of the representations Company’s Board of Directors or committees thereof relating to the Registration Statement and the offer and sale of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated herebyShares, and the Company shall have furnished to such counsel such documents Company’s certificate of incorporation and bylaws as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, amended and in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at On or prior to each Closing Date in connection with before the sale of date hereof, the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel Underwriter shall have received duly executed lock-up agreement, substantially in the form of Exhibit A hereto (each a “Lock-Up Agreement”) by and every between the Underwriter and each of the parties specified in Schedule IV. (k) The Company shall have furnished to the Underwriter and its counsel such additional documentdocuments, letter, opinion, certificate certificates and evidence as the Underwriter or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such its counsel may have reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriter by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive Date or on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Option Closing Date, an Additional Closing Date or otherwiseas applicable, and such termination shall be without liability of any party to any other party, except that Section 5(a)(viii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Iridex Corp)

Conditions of the Underwriters’ Obligations. The several respective obligations of the several Underwriters hereunder to purchase the Securities are subject to the accuracy, as of the date hereof and at the Closing Date, of and compliance in all material respects with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or an Underwriter for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each Closing Date, (i) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement shall be true underwriting terms and correct with arrangements. (c) None of the same effect as if made on and as of such Closing Date and the Company Underwriters shall have performed all of reasonably determined, and advised the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in such Underwriter’s reasonable opinion, is material, or omit omits to state any a fact which, in such Underwriter’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiid) On the Closing Date, there shall have beenbeen furnished to the Underwriters the opinion and negative assurance letter of BRL Law Group LLC, U.S. counsel for the Company, dated the Closing Date, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. (e) On the Closing Date, there shall have been furnished to the Underwriters the opinion and negative assurance letter of Xxxxx Xxxxx & Co., Israeli counsel for the Company, dated the Closing Date, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. (f) On the Closing Date, there shall have been furnished to the Underwriters the opinion and negative assurance letter of Xxxxxxx & Fenster, intellectual property counsel for the Company, dated the Closing Date, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. (g) On the Closing Date, there shall have been furnished to the Underwriters the negative assurance letter of Xxxxxxxxxx Xxxxxxx LLP, counsel to the Underwriters, dated the Closing Date, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. (h) The Underwriters shall have received a letter of Xxxxxxxxx Almagor Zohar & Co. on the date hereof and on the Closing Date, addressed to the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriters. (i) On the Closing Date, prospects or results there shall have been furnished to the Underwriters a certificate, dated the Closing Date, and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of operations the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and its subsidiariescorrect in all respects, taken and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as a wholeif made at and as of the Closing Date, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at On or prior to each Closing Date in connection with before the sale of date hereof, the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel Underwriters shall have received each and every additional documentduly executed “lock-up” agreements, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory form set forth on Schedule V, among the Underwriters and each of the individuals specified in Schedule VI. (k) The Company shall have furnished to you the Underwriters and their counsel such counseladditional documents, certificates and evidence as you the Underwriters or such their counsel may have reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives any Underwriter by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(viii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Brainstorm Cell Therapeutics Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters Underwriter hereunder to purchase the Shares are subject to the accuracy, as of the date hereof, at the Closing Date and on each Option Closing Date (as if made on the Closing Date or such Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriter for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriter’s reasonable satisfaction. (b) At each Closing Date, The Shares shall be qualified for listing on the NYSE Amex and the TSX. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Underwriter shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which is material, or omit omits to state any a fact which is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (e) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriter (i) the opinion and negative assurance letter of Xxxxx Xxxxxx & Xxxxxx LLP, outside corporate counsel for the Company, (ii) the opinion of Xxxxxxx X. Xxxxx Law Office PLLC, Washington counsel for the Company and (iii) the opinion of Xxxxxx Xxxxxxx Xxxxx & Xxxxxx LLP, Idaho counsel for the Company, each dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter, to the effect set forth in Schedule IV. (g) On the Closing Date and on each Option Closing Date, there shall have beenbeen furnished to the Underwriter the negative assurance letter of Xxxxxxxxxx Xxxxxxx PC, counsel to the Underwriter, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (h) The Underwriter shall have received a letter of Xxxxxx XX, on the date hereof, on the Closing Date and on each Option Closing Date, addressed to the Underwriter, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriter. (i) On the Closing Date and on each Option Closing Date, prospects there shall have been furnished to the Underwriter a certificate, dated the Closing Date or results the Option Closing Date, as applicable, and addressed to the Underwriter, signed by the chief executive officer and the chief financial officer of operations the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and its subsidiariescorrect in all respects, taken and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as a wholeif made at and as of the Closing Date or the Option Closing Date, from that set forth in the Registration Statementas applicable, each preliminary prospectus and the ProspectusCompany has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date or the Option Closing Date, except changes that as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementShares for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you after the date of this Agreement and prior to the Closing Date or the Option Closing Date, as applicable. (j) On or before the date hereof, the Underwriter shall have received at duly executed “lock-up” agreements, in a form set forth on Schedule V, between the Underwriter and each Closing Date, a certificate of the principal executive officer officers and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations directors of the Company set forth specified in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such dateSchedule VI. (ck) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the The Company shall have furnished to such the Underwriter and its counsel such documents additional documents, certificates and evidence as they the Underwriter or its counsel may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriter by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Date or an Option Closing Date, an Additional Closing Date or otherwiseas applicable. and such termination shall be without liability of any party to any other party, except that Section 5(a)(viii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Mines Management Inc)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters Underwriter hereunder to purchase the Shares are subject to the accuracy, as of the date hereof and at the Closing Date (as if made on the Closing Date), of and compliance with all representations, warranties and agreements of the Company and the Selling Stockholders contained herein, the performance by the Company and the Selling Stockholders of its and their respective obligations hereunder and the following additional conditions: (a) The Registration Statement shall have become effective under the Act and, at the Closing Date, no stop order suspending the effectiveness If filing of the Registration Statement or the qualifications of the Shares shall have been issued and no proceedings for that purpose shall have been instituted before or, to the knowledge of the Company or the Representatives, shall be contemplated by the Commission or any state securities or “Blue Sky” commissioner or authority. (b) At each Closing Date, (i) the representations and warranties of the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus or the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations: (i) the Company shall contain have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or Rule 164(b) under the Rules and Regulations); (ii) the Registration Statements shall remain effective; (iii) no stop order suspending the effectiveness of the Registration Statements or any part thereof, or any amendment thereof, nor suspending or preventing the use of the Time of Sale Disclosure Package or the Prospectus shall have been issued; (iv) no proceedings for the issuance of such an order shall have been initiated or threatened by the Commission; and (v) any request of the Commission or the Underwriter for additional information (to be included in the Registration Statements, the Time of Sale Disclosure Package, the Prospectus, or otherwise) shall have been complied with to the Underwriter’s satisfaction. (b) The Underwriter shall not have reasonably determined and advised the Company that the Registration Statements, the Time of Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, contains an untrue statement of a material fact which, in the Underwriter’s reasonable opinion, is material, or omit omits to state any a fact which, in the Underwriter’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiic) there There shall not have been, since the respective dates as of which information is given, no material adverse occurred any change in the condition (condition, financial or otherwise), businessor in the earnings, prospects business or results of operations of the Company and its subsidiariesthe Company Subsidiaries, taken as a whole, from that set forth in the Registration StatementTime of Sale Disclosure Package that is material and adverse and that makes it, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred Underwriter’s reasonable judgment, impracticable to or market the Shares on the terms and in the manner contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any Time of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleadingSale Disclosure Package. (d) On each the Closing Date you Date, there shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel been furnished to the several UnderwritersUnderwriter, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, negative assurance letter of K&L Gates LLP, counsel to the CompanyUnderwriter, dated as of the applicable Closing Date and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (e) On the Closing Date, there shall have been furnished to the Underwriter, the opinion and negative assurance letter of Xxxxxxxx & Xxxxx LLP, counsel for the UnderwritersCompany, together with signed or photostatic copies thereof for each dated as of the other Underwritersapplicable Closing Date and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (f) At On the time of the signing of this Agreement and on each Closing Date, you there shall have received a signed letterbeen furnished to the Underwriter, datedthe opinion of Xxxxxxxxxx Xxxxxxx LLP, respectivelycounsel for Fir Tree E&P Holdings III, LLC, Fir Tree E&P Holdings VII LLC and Fir Tree E&P Holdings VIII LLC, dated as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, the applicable Closing Date and addressed to the Underwriters (with executed copies for each of Underwriter, in form and substance reasonably satisfactory to the Underwriters) in the form heretofore approved by counsel for the UnderwritersUnderwriter. (g) As On the Closing Date, there shall have been furnished to the Underwriter, the opinion of Xxxxxx Group, counsel for Fir Tree Capital Opportunity Master Fund III, L.P. as to Cayman Islands law, dated as of the effective applicable Closing Date and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (h) On the date hereof, the Underwriter shall have received a letter from Deloitte & Touche LLP, dated the date hereof, addressed to the Underwriter, confirming that they are an independent public accounting firm within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the Time of Sale Disclosure Package, as of a date not more than five (5) days prior to the date of such letter), the conclusions and findings of said firm with respect to the financial information, including any financial information contained in any Exchange Act filing filed by the Company, and other matters reasonably required by the Underwriter. (i) On the date hereof, the Underwriter shall have received a letter from KPMG LLP, dated the date hereof, addressed to the Underwriter, confirming that they are an independent public accounting firm within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the Time of Sale Disclosure Package, as of a date not more than five (5) days prior to the date of such letter), the conclusions and findings of said firm with respect to the financial information, including any financial information contained in any Exchange Act filing filed by the Company, and other matters required by the Underwriter. (j) On the Closing Date, the Underwriter shall have received a bring-down letter from Deloitte & Touche LLP, addressed to the Underwriter and dated as of the applicable Closing Date, confirming, as of the date of such bring-down letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the Time of Sale Disclosure Package, as of a date not more than five days prior to the date of such bring-down letter), the conclusions and findings of said firm, of the type ordinarily included in accountants’ “comfort letters” to underwriters, with respect to the financial information and other matters covered by its letter delivered to the Underwriter concurrently with the execution of this Agreement pursuant to Section 6(h) above. (k) On the Closing Date, the Underwriter shall have received a bring-down letter from KPMG LLP, addressed to the Underwriter and dated as of the applicable Closing Date, confirming, as of the date of such bring-down letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the Time of Sale Disclosure Package, as of a date not more than five days prior to the date of such bring-down letter), the conclusions and findings of said firm, of the type ordinarily included in accountants’ “comfort letters” to underwriters, with respect to the financial information and other matters covered by its letter delivered to the Underwriter concurrently with the execution of this Agreement pursuant to Section 6(i) above. (l) On the date hereof, there shall have been furnished to the Underwriter a letter containing statements and information of the type customarily included in reserve engineers’ “confirmation letters” to underwriters with respect to the Company Reserve Report, estimates of proved reserves and other reserve information included in the Registration Statements, the Time of Sale Disclosure Package, and the Prospectus, dated as of the date hereof and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (m) On the date hereof and on the Closing Date, there shall have been furnished to the Underwriter a certificate of the Company’s Chief Financial Officer providing “management comfort” with respect to certain financial data and information included in the Registration Statements, the Time of Sale Disclosure Package, and the Prospectus, dated as of the respective dates of their delivery and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (n) On or after the Time of Sale, there shall not have occurred any of the following: (i) a suspension or material limitation in trading in securities generally on the Exchange; (ii) a suspension or material limitation in trading in the Company’s securities on the Exchange; (iii) a general moratorium on commercial banking activities declared by either Federal or New York State authorities or a material disruption in commercial banking or securities settlement or clearance services in the United States; (iv) the outbreak or escalation of hostilities involving the United States or the declaration by the United States of a national emergency or war; or (v) the occurrence of any other calamity or crisis or any change in financial, political or economic conditions in the United States or elsewhere, if the effect of any such event specified in clause (iv) or (v) in the Underwriter’s reasonable judgment makes it impracticable or inadvisable to proceed with the public offering or the delivery of the Shares being delivered at such Closing Date on the terms and in the manner contemplated in the Time of Sale Disclosure Package and the Prospectus. (o) The Company shall have complied with the provisions of Section 5(b) hereof with respect to the furnishing of prospectuses on the second business day succeeding the date of this Agreement. (p) Neither the Company nor any of the Company Subsidiaries shall have sustained since the date of the Registration Statementlatest audited financial statements incorporated by reference in the Prospectus any loss or interference with the business of the Company and the Company Subsidiaries, when taken together as a whole, from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any labor dispute or court or governmental action, order or decree, otherwise than as set forth or contemplated in the Prospectus, and since the respective dates as of which information is given in the Prospectus there shall not have been any change in the capital stock (other than the issuance or repurchase, as applicable, of shares of Common Stock upon exercise of stock options, vesting of restricted stock awards or settlement of restricted stock units described as outstanding in, and the grant of options and awards under equity incentive plans described in, the Time of Sale Disclosure Package or the Prospectus) or long-term debt of the Company or any Company Subsidiary, or any change, or any development involving a prospective change, in or affecting the general affairs, management, financial position, stockholders’ equity or results of operations of the Company and the Company Subsidiaries, taken as a whole, otherwise than as set forth or contemplated in the Prospectus, the effect of which, in any such case, is in the Underwriter’s judgment so material and adverse as to make it impracticable or inadvisable to proceed with the public offering or the delivery of the Shares being delivered at such Closing Date on the terms and in the manner contemplated in the Time of Sale Disclosure Package and the Prospectus. (q) On the Closing Date, there shall have been furnished to the Underwriter a certificate, dated the applicable Closing Date and addressed to the Underwriter, signed by the Chief Executive Officer and the Chief Financial Officer of the Company, in their capacity as officers of the Company, to the effect that: (i) the representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) no stop order or other order: (a) suspending the effectiveness of the Registration Statements or any part thereof or any amendment thereof; (b) suspending the qualification of the Shares for offering or sale; or (c) suspending or preventing the use of the Time of Sale Disclosure Package or the Prospectus has been issued, and no proceeding for that purpose has been instituted or, to their knowledge, is contemplated by the Commission or any state or regulatory body; (iii) there has been no occurrence of any event resulting or reasonably likely to result in a Material Adverse Effect during the period from and after the date of this Agreement and prior to the applicable Closing Date; and (iv) the matters set forth in Section 6(a) and Section 6(o) have been satisfied, and as to such other matters as the Underwriter may reasonably request. (r) The Company and each of the Selling Stockholders shall have each furnished or caused to be furnished to you at such Closing Date certificates of officers of the Company and certificates of each of the Selling Stockholders, respectively, satisfactory to the Underwriter as to the accuracy of the representations and warranties of the Company and such Selling Stockholder, respectively, in all respects (in the case of a representation or warranty qualified by materiality or Material Adverse Effect) or in all material respects (in the case of a representation or warranty not qualified by materiality or Material Adverse Effect) herein at and as of such Closing Date, as to the performance by the Company and such Selling Stockholder, respectively, in all material respects of all of their respective obligations hereunder to be performed at or prior to such Closing Date; provided, that, with respect to any such obligations that are qualified by materiality, the Company or such Selling Stockholders, as the case may be, shall have performed such obligations, as so qualified, in all respects. (s) The Common Stock shall be registered under the Exchange Act and shall be listed on the NASDAQ Global MarketExchange, subject and the Company shall not have taken any action designed to official notice terminate, or likely to have the effect of issuanceterminating, the registration of the Common Stock under the Exchange Act. (ht) FINRA shall not have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel relating to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer issuance and sale of the Shares hereunder, Shares. (u) Each Selling Stockholder will deliver to the Underwriter prior to or proceedings at the first Closing DateDate a properly completed and executed United States Treasury Department Form W-9, W-8BEN or W-8BEN-E (or other applicable form or statement specified by the United States Treasury Department regulations in lieu thereof). (v) The Company shall have furnished to the Underwriter and counsel for the Underwriter such additional documents, certificates and evidence as the Underwriter or counsel for the Underwriter may have reasonably requested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriter by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may Date and such termination shall be without liability of any party to any other party, except that Section 5(b), Section 7 and Section 8 shall survive any such termination and remain in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwisefull force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Amplify Energy Corp.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, to the performance by the Company of its obligations hereunder and to the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or Rule 164(b)); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before initiated or, to the knowledge Company’s knowledge, threatened; any request of the Commission for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any Issuer Free Writing Prospectus or otherwise) shall have been complied with to the Underwriters’ reasonable satisfaction; and FINRA shall have raised no objection to the fairness and reasonableness of the underwriting terms and compensation arrangements. (b) The Underwriters shall not have advised the Company that the Registration Statement, the Time of Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, or any Issuer Free Writing Prospectus, contains an untrue statement of fact which, in the Underwriters’ opinion, is material, or omits to state a fact which, in the Underwriters’ opinion, is material and is required to be stated therein or necessary to make the statements therein not misleading. (c) Except as contemplated in the Time of Sale Disclosure Package and in the Prospectus, subsequent to the respective dates as of which information is given in the Time of Sale Disclosure Package, neither the Company nor any of its subsidiaries shall have incurred any material liabilities or obligations, direct or contingent, or entered into any material transactions, or declared or paid any dividends or made any distribution of any kind with respect to its capital stock; and there shall not have been any change in the capital stock (other than a change in the number of outstanding shares of Common Stock due to the issuance of shares upon the exercise of outstanding options or warrants or conversion of convertible securities), or any material change in the short-term or long-term debt of the Company except for the extinguishment thereof, or any issuance of options, warrants, convertible securities or other rights to purchase the capital stock of the Company or any of the RepresentativesCompany’s subsidiaries, or any Material Adverse Change or any development involving a prospective Material Adverse Change (whether or not arising in the ordinary course of business), or any loss by strike, fire, flood, earthquake, accident or other calamity, whether or not covered by insurance, incurred by the Company or any of the Company’s subsidiaries, the effect of which, in any such case described above, in the Representative’s judgment, makes it impractical or inadvisable to offer or deliver the Securities on the terms and in the manner contemplated in the Time of Sale Disclosure Package, the Registration Statement and in the Prospectus. (d) On or after the Time of Sale (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (e) On the Closing Date, there shall have been furnished to the Underwriters the opinion of Mxxxx Lxxxx Cxxx Xxxxxx Gxxxxxx and Pxxxx PC, counsel for the Company, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. (f) On the Closing Date, there shall have been furnished to the Underwriters the opinion of Pxxxx Xxxxx Zedek Lxxxxx Bxxxxx LLP, as special intellectual property counsel for the Company, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. (g) On the Closing Date, there shall have been furnished to the Underwriters the opinion of the General Counsel of the Company, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. (h) On the date of the Prospectus at a time prior to the execution of this Agreement, on the effective date of any post-effective amendment to the Registration Statement filed subsequent to the date of this Agreement and also at each of the Closing Date and the Option Closing Date, the Underwriters shall have received a letter of EisnerAmper LLP, dated the respective dates of delivery thereof, and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (i) On the Closing Date, there shall have been furnished to the Underwriters a certificate, dated the Closing Date and addressed to the Representative, signed by the chief executive officer of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied in all material respects with all the material agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof or the qualification of the Securities for offering or sale nor suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to its knowledge, is contemplated by the Commission or any state securities or “Blue Sky” commissioner or authority.regulatory body; and (biii) At each Closing Date, (i) the representations and warranties The signer of the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) said certificate has carefully examined the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus Prospectus, and any amendments thereof or supplements thereto shall in all material respects conform (including any documents filed under the Exchange Act and deemed to be incorporated by reference into the requirements Time of Sale Disclosure Package, the Registration Statement or the Prospectus), and (A) each part of the Registration Statement and the Prospectus, and any amendments thereof or supplements thereto (including any documents filed under the Exchange Act and deemed to be incorporated by reference into the Rules and RegulationsProspectus) contain, and neither contained, when such part of the Registration Statement (or such amendment) became effective, all statements and information required to be included therein, each part of the Registration Statement, any preliminary prospectus or the Prospectus, or any amendment thereof, does not contain, and did not contain, when such part of the Registration Statement (or supplement theretosuch amendment) became effective, shall contain any untrue statement of a material fact or omit to state, and did not omit to state when such part of the Registration Statement (or such amendment) became effective, any material fact required to be stated therein or necessary to make the statements therein not misleading; , and the Prospectus, as amended or supplemented, does not include and did not include as of its date, or the time of first use within the meaning of the Rules and Regulations, any untrue statement of a material fact or omit to state and did not omit to state as of its date, or the time of first use within the meaning of the Rules and Regulations, a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, (iiiB) neither (1) the Time of Sale Disclosure Package nor (2) any individual Issuer Limited-Use Free Writing Prospectus, when considered together with the Time of Sale Disclosure Package, include, nor included as of the Time of Sale any untrue statement of a material fact or omits, or omitted as of the Time of Sale, 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, (C) since the Time of Sale, there shall have beenhas occurred no event required to be set forth in an amended or supplemented prospectus which has not been so set forth, since and there has been no document required to be filed under the Exchange Act that upon such filing would be deemed to be incorporated by reference into the Time of Sale Disclosure Package, the Registration Statement or into the Prospectus that has not been so filed, (D) subsequent to the respective dates as of which information is given, no material adverse change given in the condition (financial or otherwise)Time of Sale Disclosure Package, business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have subsidiaries has incurred any material liabilities or material obligations, direct or contingent, or entered into any material transactiontransactions, contract or agreement not in the ordinary course of business other than business, or declared or paid any dividends or made any distribution of any kind with respect to its capital stock, and except as referred to or contemplated disclosed in the Registration Statement; Time of Sale Disclosure Package and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or there has not been any change in equity shall be pending or, the capital stock (other than a change in the number of outstanding shares of Common Stock due to the Company’ knowledgeissuance of shares upon the exercise of outstanding options or warrants or the conversion of outstanding convertible securities), threatened against or any material change in the short-term or long-term debt except for the extinguishment thereof, or any issuance of options, warrants, convertible securities or other rights to purchase the capital stock, of the Company or any of its Subsidiaries that would be required to be set forth subsidiaries, or any Material Adverse Change or any development involving a prospective Material Adverse Change (whether or not arising in the Registration Statementordinary course of business), and no proceedings shall be pending oror any loss by strike, to the Company’ knowledgefire, threatened against flood, earthquake, accident or other calamity, whether or not covered by insurance, incurred by the Company or any of its Subsidiaries subsidiaries, and (E) except as stated in the Time of Sale Disclosure Package and in the Prospectus, there is not pending, or, to the knowledge of the Company, threatened or contemplated, any action, suit or proceeding to which the Company or any of its subsidiaries is a party before or by any commissioncourt or governmental agency, board authority or administrative agency in the United States body, or elsewhereany arbitrator, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to which might result in a any Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such dateChange. (cj) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the The Company shall have furnished to the Underwriters and counsel for the Underwriters such additional documents, certificates and evidence as the Underwriters or counsel such documents as they for the Underwriters may have reasonably requested for the purpose of enabling them to pass upon such mattersrequested. (ek) On each Closing Date you The Underwriters shall have received the signed opinionwritten agreements, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by Schedule IV hereto, of the persons directors and executive officers of the Company listed on Schedule B heretoV to this Agreement. All such opinions, certificates, letters and such agreements shall other documents will be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection compliance with the sale of the Shares shall be provisions hereof only if they are reasonably satisfactory in form and substance to you the Underwriters and counsel to for the several Underwriters, and at . The Company will furnish the time of signing this Agreement and on the Closing Date, you and Underwriters with such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company conformed copies of such cancellation on or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of opinions, certificates, letters and other documents as the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseshall reasonably request.

Appears in 1 contract

Samples: Underwriting Agreement (Immune Pharmaceuticals Inc)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder to purchase the Underwritten Units are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Pricing Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Pricing Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Representative’s satisfaction. (b) At each Closing DateThe Common Stock, the Series A Warrants, and the Series B Warrants shall be qualified for listing on the NASDAQ Capital Market. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Pricing Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus or Section 5(d) Writing, contains an untrue statement of a material fact which, in the Representative’s reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date, there shall have beenbeen furnished to the Representative the opinion and negative assurance letters of Sichenzia Xxxx Xxxxxxxx Xxxxxxx, LLP, dated the Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (g) On the Closing Date, there shall have been furnished to the Representative the opinion letters of Xxxxx Bigel Sibley & Sajovec, P.A. dated the Closing Date and addressed to the Representative, in the form and substance reasonably satisfactory to the Representative. (h) The Representative shall have received a letter of Xxxxxx, LLP, a member of, on the date hereof and on the Closing Date addressed to the Representative, in a form acceptable to the Representative, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2.01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Pricing Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm with respect to the financial information and other matters required by the Representative. (i) On the Closing Date, prospects or results there shall have been furnished to the Representative a certificate, dated the Closing Date and addressed to the Representative, signed by the chief executive officer and the chief financial officer of operations the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and its subsidiariescorrect in all respects, taken and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as a wholeif made at and as of the Closing Date, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Pricing Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at On or before the date hereof, the Representative shall have received duly executed “lock-up” agreements, in a form attached hereto as Exhibit B, between the Representative and each party named on Schedule III. (k) The Representative shall have received on or prior to each the Closing Date in connection with an executed copy of the Series A Warrant and Series B Warrant Agreement, by and between the Company and Interwest Transfer Company, Inc., as warrant agent. (l) The Company shall have furnished to the Representative and its counsel such additional documents, certificates and evidence as the Representative or its counsel may have reasonably requested. (m) On the Closing Date of the sale of the Shares Underwritten Units , there shall be reasonably satisfactory in form and substance to you and counsel have been issued to the several Representative the Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. ’ Warrant If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(vii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Medovex Corp.)

Conditions of the Underwriters’ Obligations. The several respective obligations of the several Underwriters hereunder to purchase the Shares are subject to the accuracy, as of the date hereof and at the applicable Closing Date (as if made on the Closing Date), of and compliance with all representations, warranties and agreements of the Company and the Selling Stockholders contained herein, the performance by the Company and the Selling Stockholders of its and their respective obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or Rule 164(b) under the Rules and Regulations); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package or the Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or any state securities the Representative for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Representative’s satisfaction. (b) At each Closing Date, (i) the representations The Representative shall not have reasonably determined and warranties of advised the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain any contains an untrue statement of a material fact which, in the Representative’s reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiic) there There shall not have been, since the respective dates as of which information is given, no material adverse occurred any change in the condition (condition, financial or otherwise), businessor in the earnings, prospects business or results of operations of the Company and its subsidiariesthe Subsidiary, taken as a whole, from that set forth in the Registration StatementTime of Sale Disclosure Package that is material and adverse and that makes it, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred Representative’s reasonable judgment, impracticable to or market the Shares on the terms and in the manner contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any Time of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleadingDisclosure Package. (d) On each the applicable Closing Date you Date, there shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel been furnished to the several UnderwritersRepresentative, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, negative assurance letter of K&L Gates LLP, counsel to the CompanyUnderwriters, dated the Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (e) On the applicable Closing Date, there shall have been furnished to the Representative, the opinion and negative assurance letter of Stoel Rives LLP, counsel for the UnderwritersCompany, together with signed or photostatic copies thereof for each of dated the other UnderwritersClosing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (f) At On the time of the signing of this Agreement and on each applicable Closing Date, you there shall have received a signed letterbeen furnished to the Representative, datedthe opinion of Stoel Rives LLP, respectivelycounsel for the Selling Stockholders, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, dated the Closing Date and addressed to the Underwriters (with executed copies for each of Representative, in form and substance reasonably satisfactory to the Underwriters) in the form heretofore approved by counsel for the UnderwritersRepresentative. (g) As On the date hereof, the Representative shall have received a letter from Xxxxxx, Xxxx & Associates, LLC, dated the date hereof, addressed to the Representative, confirming that they are an independent public accounting firm within the meaning of the effective Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the Time of Sale Disclosure Package, as of a date not more than five days prior to the date of such letter), the conclusions and findings of said firms with respect to the financial information, including any financial information contained in any Exchange Act filing filed by the Company, and other matters required by the Representative. (h) On each Closing Date, the Representative shall have received a letter (a “Bring-down Letter”) from Xxxxxx, Xxxx & Associates, LLC, addressed to the Representative and dated the applicable Closing Date, confirming, as of the date of such Bring-down Letters (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the Time of Sale Disclosure Package, as of a date not more than five days prior to the date of such Bring-down Letters), the conclusions and findings of said firms, of the type ordinarily included in accountants’ “comfort letters” to underwriters, with respect to the financial information, and other matters covered by its respective letter delivered to the Underwriters concurrently with the execution of this Agreement pursuant to paragraph (g) of this Section 6. (i) On or after the Time of Sale, there shall not have occurred any of the following: (i) a suspension or material limitation in trading in securities generally on the Exchange, (ii) a suspension or material limitation in trading in the Company’s securities on the Exchange, (iii) a general moratorium on commercial banking activities declared by either Federal or New York State authorities or a material disruption in commercial banking or securities settlement or clearance services in the United States, (iv) the outbreak or escalation of hostilities involving the United States or the declaration by the United States of a national emergency or war or (v) the occurrence of any other calamity or crisis or any change in financial, political or economic conditions in the United States or elsewhere, if the effect of any such event specified in clause (iv) or (v) in the Representative’s reasonable judgment makes it impracticable or inadvisable to proceed with the public offering or the delivery of the Shares being delivered at such Closing Date on the terms and in the manner contemplated in the Time of Sale Disclosure Package and the Prospectus. (j) The Company shall have complied with the provisions of Section 5(b) hereof with respect to the furnishing of prospectuses on the second business day succeeding the date of this Agreement. (k) Neither the Company nor the Subsidiary shall have sustained since the date of the Registration Statementlatest audited financial statements incorporated by reference in the Prospectus any loss or interference with the business of the Company and the Subsidiary, when taken together as a whole, from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any labor dispute or court or governmental action, order or decree, otherwise than as set forth or contemplated in the Prospectus, and since the respective dates as of which information is given in the Prospectus there shall not have been any change in the capital stock (other than the issuance or repurchase, as applicable, of shares of Common Stock upon exercise of stock options, vesting of restricted stock awards or settlement of restricted stock units described as outstanding in, and the grant of options and awards under equity incentive plans described in, the Time of Sale Disclosure Package or the Prospectus) or long-term debt of the Company or the Subsidiary or any change, or any development involving a prospective change, in or affecting the general affairs, management, financial position, stockholders’ equity or results of operations of the Company and the Subsidiary, taken as a whole, otherwise than as set forth or contemplated in the Prospectus, the effect of which, in any such case, is in the Representative’s judgment so material and adverse as to make it impracticable or inadvisable to proceed with the public offering or the delivery of the Shares being delivered at such Closing Date on the terms and in the manner contemplated in the Time of Sale Disclosure Package and the Prospectus. (l) On the Closing Date, there shall have been furnished to the Representative a certificate, dated the applicable Closing Date and addressed to the Representative, signed by the Chief Executive Officer and the Chief Financial Officer of the Company, in their capacity as officers of the Company, to the effect that: (i) the representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date, (ii) no stop order or other order (a) suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof, (b) suspending the qualification of the Shares for offering or sale, or (c) suspending or preventing the use of the Time of Sale Disclosure Package or the Prospectus has been issued, and no proceeding for that purpose has been instituted or, to their knowledge, is contemplated by the Commission or any state or regulatory body, and (iii) there has been no occurrence of any event resulting or reasonably likely to result in a Material Adverse Effect during the period from and after the date of this Agreement and prior to the applicable Closing Date. (m) The Company and each of the Selling Stockholders shall have each furnished or caused to be furnished to you at such Closing Date certificates of officers of the Company and certificates of each of the Selling Stockholders, respectively, satisfactory to the Representative as to the accuracy of the representations and warranties of the Company and such Selling Stockholder, respectively, herein at and as of such Closing Date, as to the performance by the Company and such Selling Stockholder, respectively, in all respects of all of their respective obligations hereunder to be performed at or prior to such Closing Date, and the Company shall have furnished or caused to be furnished to the Representative certificates as to the matters set forth in subsections (a) and (j) of this Section 6 and as to such other matters as the Representative may reasonably request. (n) The Common Stock shall be registered under the Exchange Act and shall be listed on the NASDAQ Global MarketExchange, subject and the Company shall not have taken any action designed to official notice terminate, or likely to have the effect of issuanceterminating, the registration of the Common Stock under the Exchange Act or delisting or suspending from trading the Common Stock from the Exchange, nor shall the Company have received any information suggesting that the Commission is contemplating terminating such registration or listing. (ho) On or before the date hereof, the Representative shall have received duly executed lock-up agreements (each a “Lock-Up Agreement”) in the form set forth on Schedule IV hereto, by and between the Representative and each of the Selling Stockholders. (p) FINRA shall not have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel relating to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer issuance and sale of the Shares hereunder, Shares. (q) Each Selling Stockholder will deliver to the Representative prior to or proceedings at the first Closing DateDate a properly completed and executed United States Treasury Department Form W-9. (r) The Company shall have furnished to the Representative and counsel for the Representative such additional documents, certificates and evidence as the Representative or counsel for the Representative may have reasonably requested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may Date and such termination shall be without liability of any party to any other party, except that Section 5(i), Section 7 and Section 8 shall survive any such termination and remain in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwisefull force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Profire Energy Inc)

Conditions of the Underwriters’ Obligations. The several obligations of each Underwriter hereunder to purchase the Underwriters hereunder Securities are subject to the accuracy, as of the date hereof and at the Closing Date (as if made on the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each Closing Date, The Shares shall be qualified for listing on the NYSE MKT. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Representative’s reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On the Closing Date, there shall have beenbeen furnished to the Representative the opinion and negative assurance letter of Cxxxxx LLP, corporate counsel for the Company, dated as of the Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (f) On the Closing Date, there shall have been furnished to the Representative an opinion from Mxxxxx & Sxxxxx LLP, the Company’s intellectual property counsel, dated as of the Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (g) On the Closing Date, there shall have been furnished to the Representative a negative assurance letter from Mxxxx, Lxxxx, Cxxx, Fxxxxx, Gxxxxxx and Pxxxx, P.C., counsel to the Underwriters, dated as of the Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (h) The Representative shall have received a letter of Exxxx & Young LLP, on the date hereof and on the Closing Date addressed to the Representative, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm, prospects or results of operations of the type ordinarily included in accountants’ “comfort letters” to underwriters, with respect to the financial information, including financial information contained in Exchange Act Reports filed by the Company and its subsidiaries, taken as a whole, from that set forth or incorporated by reference in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus, except changes and other matters required by the Representative. (i) On the Closing Date, there shall have been furnished to the Representative a certificate, dated the Closing Date and addressed to the Representative, signed by the Chief Executive Officer and the Chief Financial Officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at On or prior to each Closing Date in connection with before the sale of date hereof, the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel Representative shall have received duly executed “lock-up” agreements, in the form attached hereto as Schedule III, between the Representative and each of the parties set forth on Schedule IV hereto. (k) The Representative shall have received copies of the Warrants executed by the Company. (l) The Common Stock shall be registered under the Exchange Act and every shall be listed on NYSE MKT, and the Company shall not have taken any action designed to terminate, or likely to have the effect of terminating, the registration of the Common Stock under the Exchange Act or delisting or suspending from trading the Common Stock from NYSE MKT, nor shall the Company have received any information suggesting that the Commission is contemplating terminating such registration or listing. (m) The Company shall have furnished to the Representative and its counsel such additional documentdocuments, letter, opinion, certificate certificates and evidence as the Representative or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such its counsel may have reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(vii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (AmpliPhi Biosciences Corp)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters Underwriter hereunder to purchase the Securities are subject to the accuracy, as of the date hereof, at the Closing Date and on each Option Closing Date (as if made on the Closing Date or such Option Closing Date, as applicable), of and compliance in all material respects with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriter for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriter’s satisfaction. (b) At each Closing Date, The Securities shall be qualified for listing on the NASDAQ Capital Market. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Underwriter shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Underwriter’s reasonable opinion, is material, or omit omits to state any a fact which, in the Underwriter’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On the Closing Date, there shall have beenbeen furnished to the Underwriter the opinion and negative assurance letter of Gxxxxxxx Mxxxxx, outside corporate counsel for the Company dated the Closing Date, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter, to the effect set forth in Schedule III. (f) The Underwriter shall have received a letter of PricewaterhouseCoopers LLP on the date hereof and on the Closing Date and on each Option Closing Date, addressed to the Underwriter, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriter. (g) On the Closing Date and on each Option Closing Date, prospects or results there shall have been furnished to the Underwriter a certificate, dated the Closing Date and each Option Closing Date, and addressed to the Underwriter, signed by the chief executive officer and the chief financial officer of operations the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and its subsidiariescorrect in all respects, taken and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as a whole, from that set forth in if made at and as of the Registration Statement, each preliminary prospectus Closing Date and the ProspectusOption Closing Date, except changes that and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date or the Option Closing Date, as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you after the date of this Agreement and prior to the Closing Date or the Option Closing Date, as applicable. (h) On or before the date hereof, the Underwriter shall have received at duly executed “lock-up” agreements, in a form set forth on Schedule IV, between the Underwriter and each Closing Date, a certificate of the principal executive officer officers and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations directors of the Company set forth specified in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date.Schedule V. (ci) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the The Company shall have furnished to such the Underwriter and its counsel such documents additional documents, certificates and evidence as they the Underwriter or its counsel may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriter by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Date or an Option Closing Date, an Additional Closing Date or otherwiseas applicable, and such termination shall be without liability of any party to any other party, except that Section 5(a)(viii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Parkervision Inc)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder are subject to the following conditions: accuracy, as of the date hereof and at the Closing Date (a) The Registration Statement shall have become effective under the Act and, as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, to the performance by the Company of its obligations hereunder and to the following additional conditions: If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or Rule 164(b)); the Registration Statement shall remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been initiated or threatened; any request of the Commission for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any Issuer Free Writing Prospectus or otherwise) shall have been complied with to the Underwriters’ satisfaction; and FINRA shall have raised no objection to the fairness and reasonableness of the underwriting terms and arrangements. The Underwriters shall not have advised the Company that the Registration Statement, the Time of Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, or any Issuer Free Writing Prospectus, contains an untrue statement of fact which, in the Underwriters’ opinion, is material, or omits to state a fact which, in the Underwriters’ opinion, is material and is required to be stated therein or necessary to make the statements therein not misleading. Except as contemplated in the Time of Sale Disclosure Package and in the Prospectus, subsequent to the respective dates as of which information is given in the Time of Sale Disclosure Package, neither the Company nor any of its subsidiaries shall have incurred any material liabilities or obligations, direct or contingent, or entered into any material transactions, or declared or paid any dividends or made any distribution of any kind with respect to its capital stock; and there shall not have been any change in the capital stock (other than a change in the number of outstanding shares of Common Stock due to the issuance of shares upon the exercise of outstanding options or warrants), or any material change in the short-term or long-term debt of the Company except for the extinguishment thereof, or any issuance of options, warrants, convertible securities or other rights to purchase the capital stock of the Company or any of the Company’s subsidiaries, or any Material Adverse Change or any development involving a prospective Material Adverse Change (whether or not arising in the ordinary course of business), or any loss by strike, fire, flood, earthquake, accident or other calamity, whether or not covered by insurance, incurred by the Company or any of the Company’s subsidiaries, the effect of which, in any such case described above, in the Representative’s judgment, makes it impractical or inadvisable to offer or deliver the Securities on the terms and in the manner contemplated in the Time of Sale Disclosure Package, the Registration Statement and in the Prospectus. On or after the Time of Sale (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. On the Closing Date, there shall have been furnished to the Underwriters the opinion of Morse, Zelnick, Rose & Lander LLP, counsel for the Company, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. In rendering such opinion, such counsel may rely (i) as to matters of law other than New York, Delaware and federal law, upon the opinion or opinions of local counsel provided that the extent of such reliance is specified in such opinion and that such counsel shall state that such opinion or opinions of local counsel are satisfactory to them and that they believe they and the Underwriters are justified in relying thereon and (ii) as to matters of fact, to the extent such counsel deems reasonable upon certificates of officers of the Company and its subsidiaries provided that the extent of such reliance is specified in such opinion. On the date of the Prospectus at a time prior to the execution of this Agreement, on the effective date of any post-effective amendment to the Registration Statement filed subsequent to the date of this Agreement and also at each of the Closing Date and the Option Closing Date, the Underwriters shall have received a letter of MNP LLP, dated the respective dates of delivery thereof, and addressed to the Underwriters, in form and substance satisfactory to the Underwriters. On the Closing Date, there shall have been furnished to the Underwriters a certificate, dated the Closing Date and addressed to the Underwriters, signed by the chief executive officer or the chief financial officer of the Company, to the effect that: The representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; No stop order or other order suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof or the qualification of the Securities for offering or sale nor suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted before or, to the knowledge best of the Company or the Representativestheir knowledge, shall be is contemplated by the Commission or any state securities or “Blue Sky” commissioner or authority. (b) At each Closing Date, (i) the representations regulatory body; and warranties The signers of the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Company shall said certificate have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) carefully examined the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus Prospectus, and any amendments thereof or supplements thereto shall in all material respects conform (including any documents filed under the Exchange Act and deemed to be incorporated by reference into the requirements Time of Sale Disclosure Package, the Registration Statement or the Prospectus), and each part of the Registration Statement and the Prospectus, and any amendments thereof or supplements thereto (including any documents filed under the Exchange Act and deemed to be incorporated by reference into the Rules and RegulationsProspectus) contain, and neither contained, when such part of the Registration Statement (or such amendment) became effective, all statements and information required to be included therein, each part of the Registration Statement, any preliminary prospectus or the Prospectus, or any amendment thereof, does not contain, and did not contain, when such part of the Registration Statement (or supplement theretosuch amendment) became effective, shall contain any untrue statement of a material fact or omit to state, and did not omit to state when such part of the Registration Statement (or such amendment) became effective, any material fact required to be stated therein or necessary to make the statements therein not misleading; (iii) there shall have been, since the respective dates as of which information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that as amended or supplemented, does not include and did not include as of its date, or the Registration Statement indicates might occur after time of first use within the effective date meaning of the Registration Statement, Rules and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration StatementRegulations, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a material fact that in the reasonable opinion or omit to state and did not omit to state as of counsel to the Representatives is materialits date, or omits to state any the time of first use within the meaning of the Rules and Regulations, a material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Companytherein, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each light of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters circumstances under this Agreement may be cancelled by the Representatives by notifying the Company of such cancellation on or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwise.which they were made,

Appears in 1 contract

Samples: Underwriting Agreement (Methes Energies International LTD)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters Underwriter hereunder to purchase the Securities are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rules 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriter for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the satisfaction of the Underwriter. (b) At each Closing DateThe Shares and the Warrant Shares shall be qualified and approved for listing on Nasdaq, subject to official notice of issuance. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Underwriter shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Underwriter’s reasonable opinion, is material, or omit omits to state any a fact which, in the Underwriter’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; (iiie) Between the date hereof and the Closing Date, (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date, there shall have beenbeen furnished to the Underwriter the opinion and negative assurance letter of Xxxxxx Xxxxxx Xxxxxxxxx Xxxx and Xxxx LLP, corporate counsel for the Company, dated as of the Closing Date and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (g) On the Closing Date, there shall have been furnished to the Underwriter an opinion and negative assurance letter from Xxxxxxx Procter LLP, the Company’s intellectual property counsel, dated as of the Closing Date and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (h) On the Closing Date, there shall been furnished to the Underwriter a negative assurance letter from Xxxxxxxxxx Xxxxxxx LLP, counsel to the Underwriter, dated as of the Closing Date and addressed to the Underwriter, in form and substance reasonable satisfactory to the Underwriter. (i) The Underwriter shall have received a letter from Ernst & Young LLP, on the date hereof and on the Closing Date addressed to the Underwriter, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm, prospects or results of operations of the type ordinarily included in accountants’ “comfort letters” to underwriters, with respect to the financial information, including any financial information contained in Exchange Act Reports filed by the Company and its subsidiaries, taken as a whole, from that set forth or incorporated by reference in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus, except changes and other matters required by the Underwriter. (j) On the Closing Date, there shall have been furnished to the Underwriter a certificate, dated as of the Closing Date and addressed to the Underwriter, signed by the chief executive officer and the principal financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (jk) All proceedings taken at On or prior to before the date hereof, the Underwriter shall have received duly executed “lock-up” agreements, in the form attached hereto as Schedule IV, between the Underwriter and each Closing Date in connection with the sale of the Shares parties set forth on Schedule V hereto. (l) The Underwriter shall have received electronic copies of the Warrants executed by the Company. (m) The Common Stock shall be reasonably satisfactory in form registered under the Exchange Act and substance shall be listed on Nasdaq, and the Company shall not have taken any action designed to you and counsel terminate, or likely to have the effect of terminating, the registration of the Common Stock under the Exchange Act or delisting or suspending from trading the Common Stock from Nasdaq, nor shall the Company have received any information suggesting that the Commission is contemplated terminating such registration or listing. (n) The Company shall have furnished to the several UnderwritersUnderwriter and its counsel such additional documents, certificates and at evidence as the time of signing this Agreement and on Underwriter or such counsel may have reasonably requested. (o) On the Closing Date, you and such counsel the Shares shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory been delivered via the Depository Trust Company system to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale account of the Shares hereunder, or proceedings at the Closing DateUnderwriter. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriter by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(x), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Catabasis Pharmaceuticals Inc)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, to the performance by the Company of its obligations hereunder and to the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or Rule 164(b)); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been initiated or threatened; any request of the Commission for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any Issuer Free Writing Prospectus or otherwise) shall have been complied with to the Underwriters’ satisfaction; and FINRA shall have raised no objection to the fairness and reasonableness of the underwriting terms and arrangements. (b) The Underwriters shall not have advised the Company that the Registration Statement, the Time of Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, or any Issuer Free Writing Prospectus, contains an untrue statement of fact which, in the Underwriters’ opinion, is material, or omits to state a fact which, in the Underwriters’ opinion, is material and is required to be stated therein or necessary to make the statements therein not misleading. (c) Except as contemplated in the Time of Sale Disclosure Package and in the Prospectus, subsequent to the respective dates as of which information is given in the Time of Sale Disclosure Package, neither the Company nor any of its subsidiaries shall have incurred any material liabilities or obligations, direct or contingent, or entered into any material transactions, or declared or paid any dividends or made any distribution of any kind with respect to its capital stock; and there shall not have been any change in the capital stock (other than a change in the number of outstanding shares of Common Stock due to the issuance of shares upon the exercise of outstanding options or warrants), or any material change in the short-term or long-term debt of the Company, except for the extinguishment thereof, or any issuance of options, warrants, convertible securities or other rights to purchase the capital stock of the Company or any of the Company’s subsidiaries, or any Material Adverse Change or any development involving a prospective Material Adverse Change (whether or not arising in the ordinary course of business), or any loss by strike, fire, flood, earthquake, accident or other calamity, whether or not covered by insurance, incurred by the Company or any of the Company’s subsidiaries, the effect of which, in any such case described above, in the Underwriters’ judgment, makes it impractical or inadvisable to offer or deliver the Securities on the terms and in the manner contemplated in the Time of Sale Disclosure Package, the Registration Statement and in the Prospectus. (d) On or after the Time of Sale (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (e) On the Closing Date, there shall have been furnished to the Underwriters the opinion of The Loev Law Firm, PC, counsel for the Company, dated as of the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. (f) On the date of the Prospectus at a time prior to the execution of this Agreement, on the effective date of any post-effective amendment to the Registration Statement filed subsequent to the date of this Agreement and also at each of the Closing Date and the Option Closing Date, the Underwriters shall have received a letter of GBH CPAs, PC, dated the respective dates of delivery thereof, and addressed to the Underwriters, in form and substance satisfactory to the Underwriters. (g) On the Closing Date, there shall have been furnished to the Underwriters a certificate, dated as of the Closing Date and addressed to the Underwriters, signed by the chief executive officer or the chief financial officer of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof or the qualification of the Securities for offering or sale nor suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted before or, to the knowledge best of the Company or the Representativestheir knowledge, shall be is contemplated by the Commission or any state securities or “Blue Sky” commissioner or authority.regulatory body; and (biii) At each Closing Date, (i) the representations and warranties The signers of the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Company shall said certificate have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) carefully examined the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus Prospectus, and any amendments thereof or supplements thereto shall in all material respects conform (including any documents filed under the Exchange Act and deemed to be incorporated by reference into the requirements Time of Sale Disclosure Package, the Registration Statement or the Prospectus), and (A) each part of the Registration Statement and the Prospectus, and any amendments thereof or supplements thereto (including any documents filed under the Exchange Act and deemed to be incorporated by reference into the Rules and RegulationsProspectus) contain, and neither contained, when such part of the Registration Statement (or such amendment) became effective, all statements and information required to be included therein, each part of the Registration Statement, any preliminary prospectus or the Prospectus, or any amendment thereof, does not contain, and did not contain, when such part of the Registration Statement (or supplement theretosuch amendment) became effective, shall contain any untrue statement of a material fact or omit to state, and did not omit to state when such part of the Registration Statement (or such amendment) became effective, any material fact required to be stated therein or necessary to make the statements therein not misleading; , and the Prospectus, as amended or supplemented, does not include and did not include as of its date, or the time of first use within the meaning of the Rules and Regulations, any untrue statement of a material fact or omit to state and did not omit to state as of its date, or the time of first use within the meaning of the Rules and Regulations, a material fact necessary to make the statements therein, in light of the circumstances under which they were made, (iiiB) neither (1) the Time of Sale Disclosure Package nor (2) any individual Issuer Limited-Use Free Writing Prospectus, when considered together with the Time of Sale Disclosure Package, include, nor included as of the Time of Sale any untrue statement of a material fact or omits, or omitted as of the Time of Sale, 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, (C) since the Time of Sale, there shall have beenhas occurred no event required to be set forth in an amended or supplemented prospectus which has not been so set forth, since and there has been no document required to be filed under the Exchange Act that upon such filing would be deemed to be incorporated by reference into the Time of Sale Disclosure Package, the Registration Statement or into the Prospectus that has not been so filed, (D) subsequent to the respective dates as of which information is given, no material adverse change given in the condition (financial or otherwise)Time of Sale Disclosure Package, business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have subsidiaries has incurred any material liabilities or material obligations, direct or contingent, or entered into any material transactiontransactions, contract or agreement not in the ordinary course of business other than business, or declared or paid any dividends or made any distribution of any kind with respect to its capital stock, and except as referred to or contemplated disclosed in the Registration Statement; Time of Sale Disclosure Package and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or there has not been any change in equity shall be pending or, the capital stock (other than a change in the number of outstanding shares of Common Stock due to the Company’ knowledgeissuance of shares upon the exercise of outstanding options or warrants), threatened against or any material change in the short-term or long-term debt except for the extinguishment thereof, or any issuance of options, warrants, convertible securities or other rights to purchase the capital stock, of the Company or any of its Subsidiaries that would be required to be set forth subsidiaries, or any Material Adverse Change or any development involving a prospective Material Adverse Change (whether or not arising in the Registration Statementordinary course of business), and no proceedings shall be pending oror any loss by strike, to the Company’ knowledgefire, threatened against flood, earthquake, accident or other calamity, whether or not covered by insurance, incurred by the Company or any of its Subsidiaries subsidiaries, and (E) except as stated in the Time of Sale Disclosure Package and in the Prospectus, there is not pending, or, to the knowledge of the Company, threatened or contemplated, any action, suit or proceeding to which the Company or any of its subsidiaries is a party before or by any commissioncourt or governmental agency, board authority or administrative agency in the United States body, or elsewhereany arbitrator, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to which might result in a any Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such dateChange. (ch) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the The Company shall have furnished to the Underwriters and counsel for the Underwriters such additional documents, certificates and evidence as the Underwriters or counsel such documents as they for the Underwriters may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offeringrequested. (i) At the date of this Agreement, the Representatives The Underwriters shall have received an agreement the written agreements, substantially in the form of Annex A hereto signed by Schedule IV hereto, of the persons directors and executive officers of the Company listed on Schedule B heretoV to this Agreement. All such opinions, certificates, letters and such agreements shall other documents will be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection compliance with the sale of the Shares shall be reasonably provisions hereof only if they are satisfactory in form and substance to you the Underwriters and counsel to for the several Underwriters, and at . The Company will furnish the time of signing this Agreement and on the Closing Date, you and Underwriters with such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company conformed copies of such cancellation on or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of opinions, certificates, letters and other documents as the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseshall reasonably request.

Appears in 1 contract

Samples: Underwriting Agreement (Pedevco Corp)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters Underwriter hereunder are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date) of and compliance with all representations, warranties and agreements of the Company contained herein (except to the extent any such representations, warranties or agreements expressly relate to a specified earlier date, in which case, such representations, warranties and agreements shall be accurate or complied with as of such specified earlier date), to the performance by the Company of its obligations hereunder and to the following additional conditions, in each case unless waived by the Underwriter: (a) The If the filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or Rule 164(b)); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before initiated or, to the knowledge Company’s knowledge, threatened; any request of the Commission for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any Issuer Free Writing Prospectus or otherwise) shall have been complied with to the Underwriter’s reasonable satisfaction; and FINRA shall have raised no objection to the fairness and reasonableness of the underwriting terms and compensation arrangements. (b) The Underwriter shall not have advised the Company that the Registration Statement, the Time of Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, or any Issuer Free Writing Prospectus, contains an untrue statement of fact which, in the Underwriter’s opinion, is material, or omits to state a fact which, in the Underwriter’s opinion, is material and is required to be stated therein or necessary to make the statements therein not misleading, unless, in each case, the Company shall have filed an amendment or supplement to the Registration Statement, the applicable documents included in the Time of Sale Disclosure Package, the Prospectus or the Issuer Free Writing Prospectus to correct such statement of fact or omission. (c) Except as contemplated in the Time of Sale Disclosure Package and in the Prospectus, subsequent to the respective dates as of which information is given in the Time of Sale Disclosure Package and the Prospectus, neither the Company nor any of its subsidiaries shall have incurred any liabilities or obligations, direct or contingent which are material to the Company and its subsidiaries taken as a whole, entered into any transactions not in the ordinary course of business which are material to the Company and its subsidiaries taken as a whole, or declared or paid any dividends or made any distribution of any kind with respect to its capital stock; and except as disclosed in the Time of Sale Disclosure Package and in the Prospectus, there shall not have been any change in the capital stock (other than a change in the number of outstanding shares of Common Stock due to the issuance of shares upon the exercise or conversion of outstanding options, warrants or convertible notes or vesting of any outstanding restricted stock units), any material change in the short-term or long-term debt of the Company except for the extinguishment thereof, any issuance of options, warrants, convertible securities or other rights to purchase the capital stock of the Company or any of the RepresentativesCompany’s subsidiaries (other than the issuance of options, restricted stock units and other awards or shares under the Company’s equity incentive plans and employee stock purchase plans), or any Material Adverse Change, the effect of which, in any such case described above, in the Underwriter’s reasonable judgment, makes it impractical or inadvisable to offer or deliver the Shares on the terms and in the manner contemplated in the Time of Sale Disclosure Package, the Registration Statement and the Prospectus. (d) On or after the Time of Sale (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical rating organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (e) On the Closing Date and the Option Closing Date, if any, there shall have been furnished to the Underwriter the opinion of Gxxxxxxxx Traurig, LLP, counsel for the Company, dated the Closing Date and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (f) On the date of the execution of this Agreement, on the effective date of any post-effective amendment to the Registration Statement filed subsequent to the date of this Agreement and also at each of the Closing Date and the Option Closing Date, if any, the Underwriter shall have received a letter of Axxxxxxx, LLP, dated the respective dates of delivery thereof, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (g) On the Closing Date, there shall have been furnished to the Underwriter a certificate, dated the Closing Date and addressed to the Underwriter, signed by the chief executive officer or the chief financial officer of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date (except to the extent any such representations or warranties expressly relate to a specified earlier date, in which case, such representations and warranties shall be true and correct as of such specified earlier date), and the Company has complied in all material respects with all the material agreements and satisfied in all material respects all the material conditions on its part to be performed or satisfied at or prior to the Closing Date (except for any such agreements or conditions that have been waived by the Underwriter); (ii) No stop order or other order suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof or the qualification of the Shares for offering or sale nor suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to the signer’s knowledge, is contemplated by the Commission or any state securities or “Blue Sky” commissioner or authority.regulatory body; and (biii) At each Closing Date, (i) the representations and warranties The signer of the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) said certificate has carefully examined the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus Prospectus, and any amendments thereof or supplements thereto shall in all material respects conform (including any documents filed under the Exchange Act and deemed to be incorporated by reference into the requirements Time of Sale Disclosure Package, the Registration Statement or the Prospectus), and (A) each part of the Registration Statement and the Prospectus, and any amendments thereof or supplements thereto (including any documents filed under the Exchange Act and deemed to be incorporated by reference into the Rules and RegulationsProspectus) contain, and neither contained when such part of the Registration Statement (or such amendment) became effective, all statements and information required to be included therein, each part of the Registration Statement, any preliminary prospectus or the Prospectus, or any amendment thereof, does not contain, and did not contain when such part of the Registration Statement (or supplement theretosuch amendment) became effective, shall contain any untrue statement of a material fact or omit to state, and did not omit to state when such part of the Registration Statement (or such amendment) became effective, any material fact required to be stated therein or necessary to make the statements therein not misleading; , and the Prospectus, as amended or supplemented, does not include and did not include as of its date or the time of first use within the meaning of the Rules and Regulations, any untrue statement of a material fact or omit to state, and did not omit to state as of its date or the time of first use within the meaning of the Rules and Regulations, a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading (iiiB) neither (1) the Time of Sale Disclosure Package nor (2) any individual Issuer Limited-Use Free Writing Prospectus, when considered together with the Time of Sale Disclosure Package, include, nor included as of the Time of Sale, any untrue statement of a material fact or omits, or omitted as of the Time of Sale, 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, (C) since the Time of Sale, there shall have beenhas occurred no event required to be set forth in an amended or supplemented prospectus which has not been so set forth, since and there has been no document required to be filed under the Exchange Act that upon such filing would be deemed to be incorporated by reference into the Time of Sale Disclosure Package, the Registration Statement or the Prospectus that has not been so filed, (D) except as contemplated in the Time of Sale Disclosure Package and in the Prospectus, subsequent to the respective dates as of which information is given, no material adverse change given in the condition (financial or otherwise)Time of Sale Disclosure Package, business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have subsidiaries has incurred any material liabilities or material obligations, direct or contingent, or which are material to the Company and its subsidiaries taken as a whole, entered into any material transaction, contract or agreement transactions not in the ordinary course of business other than which are material to the Company and its subsidiaries taken as referred a whole, declared or paid any dividends or made any distribution of any kind with respect to or contemplated its capital stock, and except as disclosed in the Registration Statement; Time of Sale Disclosure Package and (iv) except as set forth in each preliminary prospectus and the Prospectus, no actionthere has not been any change in the capital stock (other than a change in the number of outstanding shares of Common Stock due to the issuance of shares upon the exercise or conversion of outstanding options, suit warrants or proceeding at law convertible notes or in equity shall be pending or, vesting of any restricted stock units pursuant to the Company’ knowledge’s existing equity incentive plan or employee stock purchase plan), threatened against any material change in the Company’s short-term or long-term debt except for the extinguishment thereof, any issuance of options, warrants, convertible securities or other rights to purchase the capital stock of the Company or any of its Subsidiaries that would be required to be set forth subsidiaries (other than the issuance of options, restricted stock units and other awards or shares under the Company’s equity incentive plan and employee stock purchase plan), or any Material Adverse Change, and (E) except as stated in the Registration StatementTime of Sale Disclosure Package and in the Prospectus, and no proceedings shall be pending there is not pending, or, to the knowledge of the Company’ knowledge, threatened against or contemplated, any action, suit or proceeding to which the Company or any of its Subsidiaries subsidiaries is a party before or by any commissioncourt or governmental agency, board authority or administrative agency in body, or any arbitrator, the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expectednegative outcome of which, individually or in the aggregate, to would result in a any Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such dateChange. (ch) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the The Company shall have furnished to the Underwriter and counsel for the Underwriter such additional documents, certificates and evidence as the Underwriter or counsel such documents as they for the Underwriter may have reasonably requested for the purpose of enabling them to pass upon requested. All such matters. (e) On each Closing Date you shall have received the signed opinionopinions, dated as of such datecertificates, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the letters and other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall documents will be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection compliance with the sale of the Shares shall be provisions hereof only if they are reasonably satisfactory in form and substance to you the Underwriter and counsel to for the several Underwriters, and at Underwriter. The Company will furnish the time of signing this Agreement and on the Closing Date, you and Underwriter with such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company conformed copies of such cancellation on or prior to opinions, certificates, letters and other documents as the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseUnderwriter shall reasonably request.

Appears in 1 contract

Samples: Underwriting Agreement (Aqua Metals, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters Underwriter hereunder to purchase the Shares are subject to the accuracy, as of the date hereof and at all times through the Closing Date, and on each Option Closing Date (as if made on the Closing Date or such Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Final Prospectus, or any amendment or supplement thereto, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Final Prospectus (or such amendment or supplement) with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package or any Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriter for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, any state securities Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the satisfaction of the Underwriter. (b) At The Shares and the Underwriter Warrant Shares shall be approved for listing on the NYSE American, subject to official notice of listing. (c) FINRA shall have raised no objection to the fairness and reasonableness of the underwriting terms and arrangements. (d) The Underwriter shall not have reasonably determined, and advised the Company, that the Registration Statement, the Time of Sale Disclosure Package, any Prospectus, or any amendment thereof or supplement thereto, contains an untrue statement of fact which, in the reasonable opinion of Xxxx Capital, is material, or omits to state a fact which, in the reasonable opinion of Xxxx Capital, is material and is required to be stated therein or necessary to make the statements therein not misleading. ​ (e) On the Closing Date and on each Option Closing Date, there shall have been furnished to Xxxx Capital the opinion and negative assurance letters of Xxxxxxxxxx Xxxxxxx LLP, counsel to the Company, each dated the Closing Date or the Option Closing Date, as applicable, and addressed to Xxxx Capital, in form and substance reasonably satisfactory to Xxxx Capital. (f) On the Closing Date and on each Option Closing Date, there shall have been furnished to Xxxx Capital, for the benefit of the Underwriter, the opinion and negative assurance letter of Pillsbury Xxxxxxxx Xxxx Xxxxxxx LLP, counsel to the Underwriter, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriter, in form and substance reasonably satisfactory to Underwriter. (g) The Underwriter shall have received a letter of Xxxxxx LLP, on the date hereof and on the Closing Date and on each Option Closing Date, addressed to the Underwriter, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the Registration Statement, the Time of Sale Disclosure Package and the Final Prospectus, as of a date not prior to the date hereof or more than five days prior to the date of such letter), the conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriter. (h) The Underwriter shall have received (i) simultaneously with the execution of this Agreement a certificate, addressed to the Underwriter and dated the date of this Agreement, of the chief financial officer of the Company addressed to the Underwriter, in form and substance reasonably satisfactory to Xxxx Capital, with respect to certain financial information related to the Company included in the Registration Statement, the Time of Sale Disclosure Package and the Final Prospectus, as well as the Marketing Materials, and certain other information contained in the Registration Statement, the Prospectus and the Marketing Materials and (ii) on each Closing Date, a certificate of the chief financial officer of the Company addressed to the Underwriter, in form and substance reasonably satisfactory to Xxxx Capital, with respect to certain financial information related to the Company included in the Registration Statement, the Time of Sale Disclosure Package and the Final Prospectus, as well as the Marketing Materials and certain other information contained in the Registration Statement, the Prospectus and the Marketing Materials. (i) the The representations and warranties of the Company contained in this Agreement shall be true and correct with in all material respects, and the same effect representations and warranties of the Company contained in the certificates delivered pursuant to Sections 6(h) and (j) shall be true and correct when made and true and correct in all material respects on and as of each Closing Date as if made on such date (provided, that each representation and warranty that contains a materiality qualifier shall be true and correct in all respects as of such Closing Date). The Company shall have performed all covenants and agreements and satisfied all the conditions contained in this Agreement required to be performed or satisfied by it at or before such Closing Date. (j) On the Closing Date and on each Option Closing Date, there shall have been furnished to Xxxx Capital, for the benefit of the Underwriter, a certificate, dated the Closing Date and on each Option Closing Date and addressed to the Underwriter, signed by the chief executive officer ​ ​ and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) the representations, warranties and agreements of the Company in this Agreement were true and correct when made and are true and correct in all material respects as of such Closing Date (provided, that each representation and the Company warranty that contains a materiality qualifier shall have performed be true and correct in all respects as of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the such Closing Date); (ii) the Registration Statement, each preliminary prospectus Company has performed all covenants and the Prospectus agreements and any amendments or supplements thereto shall in satisfied all material respects conform to the requirements of the Act and the Rules and Regulations, and neither conditions contained herein; (iii) they have carefully examined the Registration Statement, any preliminary prospectus or the Prospectus, and the Time of Sale Disclosure Package, and, in their opinion (A) (1) as of the Effective Time, the Registration Statement did not or any amendment or supplement thereto, shall will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading; , (iii2) there shall have been, since the respective dates as of which information is given, no material adverse change in the condition (financial date thereof or otherwise), business, prospects or results of operations as of the Company and its subsidiariesdate hereof, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or did not contain and does not contain any amendment or supplement thereto, contains an untrue statement of a material fact that or omitted to state a material fact necessary in order to make the statements therein, in the reasonable opinion light of counsel to the Representatives is materialcircumstances under which they were made, not misleading, and (3) as of the Applicable Time, the Time of Sale Disclosure Package included any untrue statement of a material fact or omits omitted to state any a material fact required to be stated therein or necessary in order to make the statements therein therein, in the light of the circumstances under which they were made, not misleading, and (B) since the Effective Time, no event has occurred which should have been set forth in a supplement or otherwise required an amendment to the Registration Statement, the Time of Sale Disclosure Package or the Prospectus; (iv) no stop order or other order (A) suspending the effectiveness of the Registration Statement, (B) suspending the qualification of the Securities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Preliminary Prospectus or the Final Prospectus has been issued, and no proceedings for that purpose have been instituted or are pending under the Securities Act and (v) there has not occurred since the date of this Agreement any material adverse change in the assets, liabilities, properties, condition, financial or otherwise, or in the results of operations, business affairs or business prospects of the Company and its subsidiaries considered as a whole. (dk) On each Closing Date you or before the date hereof, Xxxx Capital shall have received duly executed lock-up agreements (each a signed opinion“Lock-Up Agreement”) in the form set forth on Exhibit A hereto, dated as by and between Xxxx Capital and each of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the parties specified in Schedule III. (l) The Company shall have furnished to such the Underwriter and its counsel such documents additional documents, certificates and evidence as they the Underwriter or its counsel may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Xxxx Capital by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive Date or on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Option Closing Date, an Additional Closing Date or otherwiseas applicable, and such termination shall be without liability of any party to any other party, except that Section 5(h), Section 7, Section 8 and Sections 9 through 17 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Loop Media, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder are subject to the accuracy, as of the date hereof and at each of the Closing Date and the Option Closing Date (as if made on the Closing Date or Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company contained herein (except to the extent any such representations or warranties expressly relate to a specified earlier date, in which case, such representations and warranties shall be true and correct as of such specified earlier date), to the performance by the Company of its obligations hereunder and to the following conditions:additional conditions (except for any obligations or conditions that have been waived by the Representative in writing): (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required; the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before initiated or, to the knowledge Company’s knowledge, threatened by the Commission; any request of the Company Commission for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any Issuer Free Writing Prospectus or otherwise) shall have been complied with to the Representatives, Underwriters’ reasonable satisfaction; and FINRA shall be contemplated by have raised no objection to the Commission or any state securities or “Blue Sky” commissioner or authorityfairness and reasonableness of the underwriting terms and arrangements. (b) At each The Underwriters shall not have advised the Company that the Registration Statement, the Time of Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, or any Issuer Free Writing Prospectus, contains an untrue statement of fact which, in the Underwriters’ reasonable opinion, is material, or omits to state a fact which, in the Underwriters’ reasonable opinion, is material and is required to be stated therein or necessary to make the statements therein not misleading. (c) Except as contemplated in the Time of Sale Disclosure Package and in the Prospectus, subsequent to the respective dates as of which information is given in the Time of Sale Disclosure Package, neither the Company nor Senseonics shall have incurred any liabilities or obligations, direct or contingent, which are material to the Company and Senseonics taken as a whole, or entered into any transactions not in the ordinary course of business which are material to the Company and Senseonics taken as a whole, or declared or paid any dividends or made any distribution of any kind with respect to its capital stock; and there shall not have been any change in the capital stock (other than a change in the number of outstanding shares of Common Stock due to the issuance of shares upon the exercise of outstanding options or warrants or upon the settlement of outstanding restricted stock units), or any material change in the short-term or long-term debt of the Company except for the extinguishment thereof, or any issuance of options, warrants, convertible securities or other rights to purchase the capital stock of the Company (other than issuances of equity compensation awards under equity compensation arrangements approved by the Board of Directors of the Company or committee thereof comprised entirely of independent directors) or of Senseonics, or any Material Adverse Change, or any loss by strike, fire, flood, earthquake, accident or other calamity, whether or not covered by insurance, incurred by the Company or Senseonics, the effect of which, in any such case described above, in the Representative’s judgment, makes it impractical or inadvisable to offer or deliver the Securities on the terms and in the manner contemplated in the Time of Sale Disclosure Package, the Registration Statement and in the Prospectus. (d) On the Closing Date and the Option Closing Date, there shall have been furnished to the Underwriters the opinion and negative assurance letter of Xxxxxx LLP, counsel for the Company and Senseonics, dated the Closing Date and Option Closing Date, respectively, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. (e) On the Closing Date and the Option Closing Date, there shall have been furnished to the Underwriters the opinion of Xxxxxxxx, Fig, Xxxxx & Xxxxxxx, p.c., intellectual property counsel for the Company and Senseonics, dated the Closing Date and the Option Closing Date, respectively, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. (f) On the Closing Date and the Option Closing Date, there shall have been furnished to the Underwriters the negative assurance letter of McGuireWoods LLP, counsel for the Underwriters, dated the Closing Date and the Option Closing Date, respectively, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters. (g) On the date of the Prospectus and on the effective date of any post-effective amendment to the Registration Statement filed subsequent to the date of this Agreement, the Underwriters shall have received a letter from the Auditor (the “Comfort Letter”), dated the respective dates of delivery thereof, and addressed to the Underwriters, in form and substance satisfactory to the Underwriters. (h) On the Closing Date and the Option Closing Date, the Underwriters shall have received from the Auditor a letter, dated as of such date, to the effect that they reaffirm the statements made in the Comfort Letter, except that the specified date referred to shall be a date not more than three business days prior to the Closing Date or Option Closing Date, as the case may be. (i) On each of the Closing Date and the Option Closing Date (if applicable), there shall have been furnished to the Underwriters a certificate, dated as of such closing date and addressed to the Underwriters, signed by the chief executive officer or the chief financial officer of the Company, to the effect that: (i) The representations and warranties of the Company contained in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date or the Option Closing Date (as applicable) (except to the extent any such representations or warranties expressly relate to a specified earlier date, in which case, such representations and warranties shall be true and correct with the same effect as if made on and as of such Closing Date specified earlier date), and the Company shall have performed all of the obligations and has complied with all of the agreements and satisfied all the conditions hereunder on its part to be performed or complied with on satisfied at or prior to the Closing Date; Date or the Option Closing Date (as applicable) (except for any such agreements or conditions that have been waived by the Representative in writing); (ii) No stop order or other order suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof or the qualification of the Securities for offering or sale nor suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to the Company’s knowledge, is contemplated or threatened by the Commission or any state or regulatory body; and (iii) The signers of said certificate have carefully examined the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus Prospectus, and any amendments thereof or supplements thereto shall in all material respects conform (including any documents filed under the Exchange Act and deemed to be incorporated by reference into the requirements Time of Sale Disclosure Package, the Registration Statement or the Prospectus), and (A) each part of the Registration Statement and the Prospectus, and any amendments thereof or supplements thereto (including any documents filed under the Exchange Act and deemed to be incorporated by reference into the Rules and RegulationsProspectus) contain, and neither contained, when such part of the Registration Statement (or such amendment) became effective, all statements and information required to be included therein, each part of the Registration Statement, any preliminary prospectus or the Prospectus, or any amendment thereof, does not contain, and did not contain, when such part of the Registration Statement (or supplement theretosuch amendment) became effective, shall contain any untrue statement of a material fact or omit to state, and did not omit to state when such part of the Registration Statement (or such amendment) became effective, any material fact required to be stated therein or necessary to make the statements therein not misleading; , and the Prospectus, as amended or supplemented, does not include and did not include as of its date, or the time of first use within the meaning of the Rules and Regulations, any untrue statement of a material fact or omit to state and did not omit to state as of its date, or the time of first use within the meaning of the Rules and Regulations, a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, (iiiB) neither (1) the Time of Sale Disclosure Package nor (2) any individual Issuer Limited-Use Free Writing Prospectus, when considered together with the Time of Sale Disclosure Package, include, nor included as of the Time of Sale any untrue statement of a material fact or omits, or omitted as of the Time of Sale, 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, (C) since the Time of Sale, there shall have beenhas occurred no event required to be set forth in an amended or supplemented prospectus which has not been so set forth, since and there has been no document required to be filed under the Exchange Act that upon such filing would be deemed to be incorporated by reference into the Time of Sale Disclosure Package, the Registration Statement or into the Prospectus that has not been so filed, (D) subsequent to the respective dates as of which information is given, no material adverse change given in the condition (financial or otherwise)Time of Sale Disclosure Package, business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have Senseonics has incurred any material liabilities or material obligations, direct or contingent, which are material to the Company and Senseonics taken as a whole, or entered into any material transaction, contract or agreement transactions not in the ordinary course of business which are material to the Company and Senseonics taken as a whole, or declared or paid any dividends or made any distribution of any kind with respect to its capital stock, and except as disclosed in the Time of Sale Disclosure Package and in the Prospectus, there has not been any change in the capital stock (other than as referred to or contemplated a change in the Registration Statement; and number of outstanding shares of Common Stock due to the issuance of shares upon the exercise of outstanding options or warrants or upon the settlement of outstanding restricted stock units), or any material change in the short-term or long-term debt of the Company except for the extinguishment thereof, or any issuance of options, warrants, convertible securities or other rights to purchase the capital stock of the Company (ivother than issuances of equity compensation awards under equity compensation arrangements approved by the Board of Directors of the Company or committee thereof comprised entirely of independent directors) or Senseonics, or any Material Adverse Change, and (E) except as set forth stated in each preliminary prospectus the Time of Sale Disclosure Package and in the Prospectus, no there is not pending, or, to the knowledge of the Company, threatened or contemplated, any action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against which the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries Senseonics is a party before or by any commissioncourt or governmental agency, board authority or administrative agency in the United States body, or elsewhereany arbitrator, wherein an unfavorable decision, ruling or finding could which would be reasonably be expected, individually or in the aggregate, expected to result in a any Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such dateChange. (cj) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you The Underwriters shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel letter from FINRA confirming that FINRA has determined to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection raise no objections with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offeringof the offering contemplated hereby. (ik) At The Company shall have furnished to the date of this AgreementUnderwriters and counsel for the Underwriters such additional documents, certificates and evidence as the Representatives Underwriters or counsel for the Underwriters may have reasonably requested. (l) The Underwriters shall have received an agreement the written agreements, substantially in the form of Annex A hereto signed by Schedule III hereto, of the persons directors and executive officers of the Company listed on Schedule B hereto, and such agreements shall IV to this Agreement. (m) The Securities to be in full force and effect delivered on the Closing Date or Option Closing Date, as the case may be, shall have been approved for listing on the NYSE-MKT, subject to official notice of issuance. (jn) All proceedings taken at or prior to each The Representative shall have received on and as of the Closing Date and Option Closing Date, as the case may be, satisfactory evidence of the good standing of the Company and Senseonics in connection with their respective jurisdictions of incorporation. (o) No action shall have been taken and no statute, rule, regulation or order shall have been enacted, adopted or issued by any federal, state or foreign governmental or regulatory authority that would, as of the Closing Date or the Option Closing Date, as the case may be, prevent the issuance or sale of the Shares Securities by the Company; and no injunction or order of any federal, state or foreign court shall have been issued that would, as of the Closing Date or the Option Closing Date, as the case may be, prevent the issuance or sale of the Securities by the Company. All such opinions, certificates, letters and other documents will be in compliance with the provisions hereof only if they are reasonably satisfactory in form and substance to you the Underwriters and counsel to for the several Underwriters, and at . The Company will furnish the time of signing this Agreement and on the Closing Date, you and Underwriters with such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company conformed copies of such cancellation on or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of opinions, certificates, letters and other documents as the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseshall reasonably request.

Appears in 1 contract

Samples: Underwriting Agreement (Senseonics Holdings, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder to purchase the Underwritten Shares are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Pricing Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Pricing Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Representative’s satisfaction. (b) At each Closing Date, The Class A Common Shares shall be qualified for listing on the NASDAQ Capital Market. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Pricing Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus or Section 5(d) Writing, contains an untrue statement of a material fact which, in the Representative’s reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date, there shall have beenbeen furnished to the Representative the opinion and negative assurance letters of Xxxxxx & Stolzar LLP, dated the Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (g) On the Closing Date, there shall have been furnished to the Representative the opinion letters of [CANADIAN COUNSEL], dated the Closing Date and addressed to the Representative, in the form and substance reasonably satisfactory to the Representative. (h) The Representative shall have received a letter of Xxxxxxx Xxxxxx Xxxxx Xxxxxxxx LLP, a member of Xxxxx Xxxxxxxx International Ltd., on the date hereof and on the Closing Date addressed to the Representative, in a form acceptable to the Representative, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2.01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Pricing Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm with respect to the financial information and other matters required by the Representative. (i) On the Closing Date, prospects or results there shall have been furnished to the Representative a certificate, dated the Closing Date and addressed to the Representative, signed by the chief executive officer and the chief financial officer of operations the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and its subsidiariescorrect in all respects, taken and all other representations and warranties of the Company in this Agreement are true and correct, as a wholeif made at and as of the Closing Date, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Pricing Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at On or prior to each Closing Date in connection with before the sale of date hereof, the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel Representative shall have received each and every additional documentduly executed “lock-up” agreements, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory form attached hereto as Exhibit A, between the Representative and each party named on Schedule III. (k) The Company shall have furnished to you the Representative and its counsel such counseladditional documents, certificates and evidence as you the Representative or such its counsel may have reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(vii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (ECOLOMONDO Corp INC.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters Underwriter hereunder are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date) of and compliance with all representations, warranties and agreements of the Company contained herein (except to the extent any such representations, warranties or agreements expressly relate to a specified earlier date, in which case, such representations, warranties and agreements shall be accurate or complied with as of such specified earlier date), to the performance by the Company of its obligations hereunder and to the following additional conditions, in each case unless waived by the Underwriter: (a) The If the filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or Rule 164(b)); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before initiated or, to the knowledge Company’s knowledge, threatened; any request of the Commission for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any Issuer Free Writing Prospectus or otherwise) shall have been complied with to the Underwriter’s reasonable satisfaction; and FINRA shall have raised no objection to the fairness and reasonableness of the underwriting terms and compensation arrangements. (b) The Underwriter shall not have advised the Company that the Registration Statement, the Time of Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, or any Issuer Free Writing Prospectus, contains an untrue statement of fact which, in the Underwriter’s opinion, is material, or omits to state a fact which, in the Underwriter’s opinion, is material and is required to be stated therein or necessary to make the statements therein not misleading, unless, in each case, the Company shall have filed an amendment or supplement to the Registration Statement, the applicable documents included in the Time of Sale Disclosure Package, the Prospectus or the Issuer Free Writing Prospectus to correct such statement of fact or omission. (c) Except as contemplated in the Time of Sale Disclosure Package and in the Prospectus, subsequent to the respective dates as of which information is given in the Time of Sale Disclosure Package and the Prospectus, neither the Company nor any of its subsidiaries shall have incurred any liabilities or obligations, direct or contingent which are material to the Company and its subsidiaries taken as a whole, entered into any transactions not in the ordinary course of business which are material to the Company and its subsidiaries taken as a whole, or declared or paid any dividends or made any distribution of any kind with respect to its capital stock; and except as disclosed in the Time of Sale Disclosure Package and in the Prospectus, there shall not have been any change in the capital stock (other than a change in the number of outstanding shares of Common Stock due to the issuance of shares (i) upon the exercise or conversion of outstanding options, warrants or convertible notes or vesting of any outstanding restricted stock units or (ii) sold in the ATM Offering), any material change in the short-term or long-term debt of the Company except for the extinguishment thereof, any issuance of options, warrants, convertible securities or other rights to purchase the capital stock of the Company or any of the RepresentativesCompany’s subsidiaries (other than the issuance of options, restricted stock units and other awards or shares under the Company’s equity incentive plans and employee stock purchase plans), or any Material Adverse Change, the effect of which, in any such case described above, in the Underwriter’s reasonable judgment, makes it impractical or inadvisable to offer or deliver the Securities on the terms and in the manner contemplated in the Time of Sale Disclosure Package, the Registration Statement and the Prospectus. (d) On or after the Time of Sale (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical rating organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (e) On the Closing Date and the Option Closing Date, if any, there shall have been furnished to the Underwriter the opinion of Xxxxxxxxx Xxxxxxx, LLP, counsel for the Company, dated the Closing Date and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (f) On the date of the execution of this Agreement, on the effective date of any post-effective amendment to the Registration Statement filed subsequent to the date of this Agreement and also at each of the Closing Date and the Option Closing Date, if any, the Underwriter shall have received a letter of Forvis, LLP, dated the respective dates of delivery thereof, and addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter. (g) On the Closing Date, there shall have been furnished to the Underwriter a certificate, dated the Closing Date and addressed to the Underwriter, signed by the chief executive officer or the chief financial officer of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date (except to the extent any such representations or warranties expressly relate to a specified earlier date, in which case, such representations and warranties shall be true and correct as of such specified earlier date), and the Company has complied in all material respects with all the material agreements and satisfied in all material respects all the material conditions on its part to be performed or satisfied at or prior to the Closing Date (except for any such agreements or conditions that have been waived by the Underwriter); (ii) No stop order or other order suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof or the qualification of the Securities for offering or sale nor suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to the signer’s knowledge, is contemplated by the Commission or any state securities or “Blue Sky” commissioner or authority.regulatory body; and (biii) At each Closing Date, (i) the representations and warranties The signer of the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) said certificate has carefully examined the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus Prospectus, and any amendments thereof or supplements thereto shall in all material respects conform (including any documents filed under the Exchange Act and deemed to be incorporated by reference into the requirements Time of Sale Disclosure Package, the Registration Statement or the Prospectus), and (A) each part of the Registration Statement and the Prospectus, and any amendments thereof or supplements thereto (including any documents filed under the Exchange Act and deemed to be incorporated by reference into the Rules and RegulationsProspectus) contain, and neither contained when such part of the Registration Statement (or such amendment) became effective, all statements and information required to be included therein, each part of the Registration Statement, any preliminary prospectus or the Prospectus, or any amendment thereof, does not contain, and did not contain when such part of the Registration Statement (or supplement theretosuch amendment) became effective, shall contain any untrue statement of a material fact or omit to state, and did not omit to state when such part of the Registration Statement (or such amendment) became effective, any material fact required to be stated therein or necessary to make the statements therein not misleading; , and the Prospectus, as amended or supplemented, does not include and did not include as of its date or the time of first use within the meaning of the Rules and Regulations, any untrue statement of a material fact or omit to state, and did not omit to state as of its date or the time of first use within the meaning of the Rules and Regulations, a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading (iiiB) neither (1) the Time of Sale Disclosure Package nor (2) any individual Issuer Limited-Use Free Writing Prospectus, when considered together with the Time of Sale Disclosure Package, include, nor included as of the Time of Sale, any untrue statement of a material fact or omits, or omitted as of the Time of Sale, 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, (C) since the Time of Sale, there shall have beenhas occurred no event required to be set forth in an amended or supplemented prospectus which has not been so set forth, since and there has been no document required to be filed under the Exchange Act that upon such filing would be deemed to be incorporated by reference into the Time of Sale Disclosure Package, the Registration Statement or the Prospectus that has not been so filed, (D) except as contemplated in the Time of Sale Disclosure Package and in the Prospectus, subsequent to the respective dates as of which information is given, no material adverse change given in the condition (financial or otherwise)Time of Sale Disclosure Package, business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have subsidiaries has incurred any material liabilities or material obligations, direct or contingent, or which are material to the Company and its subsidiaries taken as a whole, entered into any material transaction, contract or agreement transactions not in the ordinary course of business other than which are material to the Company and its subsidiaries taken as referred a whole, declared or paid any dividends or made any distribution of any kind with respect to or contemplated its capital stock, and except as disclosed in the Registration Statement; Time of Sale Disclosure Package and (iv) except as set forth in each preliminary prospectus and the Prospectus, no actionthere has not been any change in the capital stock (other than a change in the number of outstanding shares of Common Stock due to the issuance of shares upon the exercise or conversion of outstanding options, suit warrants or proceeding at law convertible notes or in equity shall be pending or, vesting of any restricted stock units pursuant to the Company’ knowledge’s existing equity incentive plan or employee stock purchase plan), threatened against any material change in the Company’s short-term or long-term debt except for the extinguishment thereof, any issuance of options, warrants, convertible securities or other rights to purchase the capital stock of the Company or any of its Subsidiaries that would be required to be set forth subsidiaries (other than the issuance of options, restricted stock units and other awards or shares under the Company’s equity incentive plan and employee stock purchase plan), or any Material Adverse Change, and (E) except as stated in the Registration StatementTime of Sale Disclosure Package and in the Prospectus, and no proceedings shall be pending there is not pending, or, to the knowledge of the Company’ knowledge, threatened against or contemplated, any action, suit or proceeding to which the Company or any of its Subsidiaries subsidiaries is a party before or by any commissioncourt or governmental agency, board authority or administrative agency in body, or any arbitrator, the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expectednegative outcome of which, individually or in the aggregate, to would result in a any Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such dateChange. (ch) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the The Company shall have furnished to the Underwriter and counsel for the Underwriter such additional documents, certificates and evidence as the Underwriter or counsel such documents as they for the Underwriter may have reasonably requested for the purpose of enabling them to pass upon requested. All such matters. (e) On each Closing Date you shall have received the signed opinionopinions, dated as of such datecertificates, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the letters and other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall documents will be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection compliance with the sale of the Shares shall be provisions hereof only if they are reasonably satisfactory in form and substance to you the Underwriter and counsel to for the several Underwriters, and at Underwriter. The Company will furnish the time of signing this Agreement and on the Closing Date, you and Underwriter with such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company conformed copies of such cancellation on or prior to opinions, certificates, letters and other documents as the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseUnderwriter shall reasonably request.

Appears in 1 contract

Samples: Underwriting Agreement (Aqua Metals, Inc.)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder to purchase the Shares are subject to the accuracy, as of the date hereof, on the Closing Date, and on any Option Closing Date (as if made on the Closing Date or such Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company contained herein or in certificates of any officer of the Company delivered pursuant to the provisions hereof, the performance by the Company of its covenants and obligations hereunder, and to the following additional conditions: (a) The If filing of the Final Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act, the Company shall have filed the Final Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus shall have been issued issued; and no proceedings for that purpose the issuance of such an order shall have been instituted before initiated or, to the knowledge of the Company or Company, threatened by the Representatives, shall be contemplated by Commission. Any request of the Commission or the Underwriters for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, any state securities Prospectus, the Final Prospectus, any Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Representative’s reasonable satisfaction. (b) At each Closing DateThe Shares shall be approved for listing on Nasdaq, subject to official notice of issuance and evidence of satisfactory distribution. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration StatementSale Disclosure Package, any preliminary prospectus or Prospectus, the Final Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the reasonable opinion of the Representative, is material, or omit omits to state any a fact which, in the reasonable opinion of the Representative, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; (iii) there shall have been, since the respective dates as of which information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date you and on each Option Closing Date, there shall have received been furnished to the signed opinionUnderwriters, dated as the opinion and negative assurance letter of such date, of K&L Gates Xxxxxx Xxxxx Xxxxxxxx & Xxxxxxx LLP, counsel to the Company, each dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Representative, in form and substance previously agreed to by, and reasonably satisfactory to, the Representative. In rendering the opinion as provided for in this subsection, counsel may rely, to the extent that they deem such reliance proper, as to matters of fact upon certificates of the Company and of government officials. (g) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriters, the negative assurance letter of Xxxxxx, Xxxxxxxxxx & Xxxxxxxxx LLP, counsel to the Underwriters, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Representative, in form and substance previously agreed to by, and reasonably satisfactory to counsel for the UnderwritersRepresentative. (h) The Underwriters shall have received, together with signed or photostatic copies thereof for on each of the date hereof, the Closing Date and each Option Closing Date, a “comfort” letter, dated the date hereof, the Closing Date or the Option Closing Date, as the case may be, and addressed to the Representative, from each of: (i) Xxxxx Xxxxxxxx LLP, confirming that they are an independent registered public accounting firm with respect to the Company within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming the conclusions and findings of said firm with respect to the financial information of the Company and other matters in form and substance reasonably satisfactory to the Underwriters; and (ii) Xxxxxxxx & Associates, confirming that they are an independent accounting firm with respect to XX Xxxxxxx within the meaning of the American Institute of Certified Public Accountants and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming the conclusions and findings of said firm with respect to the financial information of XX Xxxxxxx and other matters in form and substance reasonably satisfactory to the Underwriters. (fi) At On the time Closing Date and on each Option Closing Date, the Company shall have furnished to the Underwriters a certificate, dated the Closing Date and on each Option Closing Date, as applicable, signed by the chief executive officer of the signing Company, solely in his capacity as an officer of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date and on the Option Closing Date, as applicable, and the Company has complied in all material respects with all the agreements and satisfied all the conditions on its part required to be performed or satisfied under this Agreement at or prior to the Closing Date or the Option Closing Date, as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof, (B) suspending the qualification of the Shares for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to their knowledge, is contemplated by the Commission or any state or regulatory body; and (iii) There has been no occurrence of any event resulting or reasonably likely to result in a Material Adverse Effect during the period from and after the date of this Agreement and prior to the Closing Date or on each the Option Closing Date, you as applicable. (j) On or before the date hereof, the Underwriters shall have received a signed letterduly executed lock-up agreement (each a “Lock-Up Agreement”) in the form set forth on Exhibit A hereto in favor of the Underwriters from each of the parties specified in Schedule IV. (k) On each of the date hereof, datedthe Closing Date and each Option Closing Date, respectively, as of each such date, from Xxxxxxxx & the Company Certified Public Accountants PC, addressed shall have furnished to the Underwriters (with executed copies for each a certificate, dated the date hereof, the Closing Date or the Option Closing Date, as the case may be, from the chief financial officer of the Underwriters) Company, in substantially the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of Representative, with respect to certain financial data contained in the Registration Statement, the Common Stock shall be listed on Time of Sale Disclosure Package and the NASDAQ Global Market, subject to official notice of issuanceFinal Prospectus. (hl) FINRA On the Closing Date and on each Option Closing Date, the Company shall have confirmed that it has not raised any objection with respect furnished to the fairness and reasonableness Underwriters a certificate, dated the Closing Date or the Option Closing Date, as the case may be, from the secretary of the underwriting terms and arrangements for this offeringCompany, in substantially the form heretofore approved by the Representative. (im) At the date of this Agreement, the Representatives The Acquisition Agreement shall not have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Datebeen terminated pursuant to its terms. (jn) All proceedings taken at The Company shall have furnished to the Underwriters and their counsel such additional documents, certificates and evidence as the Representative or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall Underwriters may have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriters by notifying notice given by the Representative to the Company of such cancellation on at any time at or prior to the applicable Closing Date or on the Option Closing Date, as applicable, and such termination shall be without liability of any party to any other party, except that Section 5(a)(viii) and Section 7 shall survive any such termination and remain in full force and effect. In addition, if any Shares have been purchased hereunder, the representations and warranties in Section 2 and Section 3 shall also remain in effect. The Representatives Representative may in their its sole discretion waive on behalf of the Underwriters compliance with any conditions to the several obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Option Closing Date or otherwise.

Appears in 1 contract

Samples: Underwriting Agreement (A-Mark Precious Metals, Inc.)

Conditions of the Underwriters’ Obligations. The several respective obligations of the several Underwriters hereunder to purchase the Shares are subject to the following conditions: (a) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect shall be true and correct in all respects, and all other representations and warranties of the Company in this Agreement shall be true and correct, in all material respects, as if made at and as of the Closing Date and on each Option Closing Date, and the Company shall have complied in all material respects with all of its agreements and obligations hereunder. (b) If filing of the Final Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Final Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (subject to reasonable reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or any state securities or “Blue Sky” commissioner or authority. (b) At each Closing Date, (i) the representations and warranties reasonable request of the Company contained in this Agreement shall be true and correct with the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part Representative for additional information (to be performed or complied with on or prior to the Closing Date; (ii) included in the Registration Statement, each preliminary prospectus and the Time of Sale Disclosure Package, any Prospectus, the Final Prospectus, any Issuer Free Writing Prospectus and any amendments or supplements thereto otherwise) shall in all material respects conform have been complied with to the requirements reasonable satisfaction of the Act Representative. (c) FINRA shall have raised no objection to the fairness and reasonableness of the Rules underwriting terms and Regulationsarrangements. (d) The Representative shall not have reasonably determined, and neither advised the Company, that the Registration Statement, the Time of Sale Disclosure Package, any preliminary prospectus or Prospectus, the Final Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the reasonable opinion of the Representative, is material, or omit omits to state any a fact which, in the reasonable opinion of the Representative, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On the Closing Date and on each Option Closing Date, there shall have beenbeen furnished to the Representative, for the benefit of the Underwriters, the opinion and negative assurance letters of Norton Xxxx Xxxxxxxxx US LLP, counsel to the Company, each dated the Closing Date or the Option Closing Date, as applicable, addressed to the Underwriters, and subject to customary assumptions, exceptions, limitations, and qualifications, in form and substance reasonably satisfactory to the Representative. (f) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Representative, for the benefit of the Underwriters, the negative assurance letter of Xxxxx Xxxxxxx LLP, counsel to the Underwriters, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, with respect to such matters as the Representative may reasonably request. (g) The Representative, for the benefit of the Underwriters, shall have received a letter of BDO USA, LLP, on the date hereof and on the Closing Date and on each Option Closing Date, addressed to the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 201 of Regulation SX of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth given in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Final Prospectus, except changes as of a date not more than five days prior to the date of such letter), the conclusions and findings of said firm with respect to the financial information and other matters reasonably and customarily required by the Underwriters. (h) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Representative, for the benefit of the Underwriters, a certificate, dated the Closing Date and on each Option Closing Date and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date and on the Option Closing Date, and the Company has complied in all material respects with all the agreements and satisfied all the conditions on its part required to be performed or satisfied at or prior to the Closing Date or on the Option Closing Date, as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you after the date of this Agreement and prior to the Closing Date or on the Option Closing Date, as applicable. (i) On or before the date hereof, the Representative shall have received at duly executed lock-up agreement (each Closing Datea “Lock-Up Agreement”) substantially in the form set forth on Exhibit A hereto, a certificate by and between the Representative and each of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth parties specified in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such dateSchedule IV. (cj) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the The Company shall have furnished to such the Underwriters and their counsel such documents additional documents, certificates and evidence as they the Representative or its counsel may have reasonably requested for the purpose of enabling them to pass upon such mattersrequested. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may be cancelled by the Representatives by notifying the Company of such cancellation on or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwise.

Appears in 1 contract

Samples: Underwriting Agreement (Sharps Compliance Corp)

Conditions of the Underwriters’ Obligations. The several obligations of each Underwriter hereunder to purchase the Underwriters hereunder Offered Securities are subject to the accuracy, as of the date hereof and at any Closing Date (as if made at such Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package or the Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or any state securities the Representative for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each the Closing Date, the Offered Securities shall be qualified and approved for listing on Nasdaq, subject only to official notice of issuance. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain any contains an untrue statement of a material fact which, in the Representative’s reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; (iii) there shall have been, since the respective dates as of which information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each the applicable Closing Date you Date, there shall have received been furnished to the signed opinion, dated as Representative the opinion and negative assurance letters of such date, of K&L Gates Freshfields Bruckhaus Xxxxxxxx US LLP, U.S. corporate counsel to for the Company, and the opinion of Xxxxxx and Calder (Hong Kong) LLP, Cayman Islands counsel for the Company, in each case dated as of the applicable Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other UnderwritersRepresentative. (f) At On the time of the signing of this Agreement and on each applicable Closing Date, you there shall have received a signed letterbeen furnished to the Representative the opinion and negative assurance letters of DLA Piper LLP (US), datedcounsel to the Underwriters, respectively, dated as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, the applicable Closing Date and addressed to the Underwriters (with executed copies for each of Representative, in form and substance reasonably satisfactory to the Underwriters) in the form heretofore approved by counsel for the UnderwritersRepresentative. (g) As The Representative shall have received, on each of the effective date hereof and on the applicable Closing Date, a letter dated the date hereof or the Closing Date, as the case may be, in form and substance satisfactory to the Representative, from WithumSmith + Xxxxx, PC, containing statements and information of the type ordinarily included in accountants’ “comfort letters” to underwriters with respect to the financial statements and certain financial information contained in the Registration Statement, the Common Stock shall be listed Time of Sale Disclosure Package and the Prospectus; provided that the letter delivered on the NASDAQ Global Market, subject Closing Date shall use a “cut-off date” not earlier than three (3) business days prior to official notice of issuancethe date hereof. (h) FINRA On the applicable Closing Date, there shall have confirmed that it has not raised any objection with respect been furnished to the fairness Representative a certificate, dated the applicable Closing Date and reasonableness addressed to the Representative, signed by the chief executive officer or the chief financial officer of the underwriting terms and arrangements for this offering.Company, in his or her capacity as officers of the Company, to the effect that: (i) At The representations and warranties of the date of Company in this Agreement, the Representatives shall have received an agreement substantially Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in the form of Annex A hereto signed by the persons listed on Schedule B heretoall respects, and such agreements shall be in full force all other representations and effect on the Closing Date. (j) All proceedings taken at or prior to each Closing Date in connection with the sale warranties of the Shares shall be reasonably satisfactory Company in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement are true and on correct, in all material respects, as if made at and as of the applicable Closing Date, you and such counsel shall have received each the Company has complied with all the agreements and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date. If any of satisfied all the conditions herein provided for in this Section shall not have been fulfilled as of the date indicated, all obligations of the several Underwriters under this Agreement may on its part to be cancelled by the Representatives by notifying the Company of such cancellation on performed or satisfied at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf ; (ii) No stop order or other order (A) suspending the effectiveness of the Underwriters compliance with Registration Statement or any conditions part thereof or any amendment thereof, (B) suspending the qualification of the Offered Securities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package or the Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to their knowledge, is contemplated by the Commission or any state or regulatory body; and (iii) There has been no occurrence of any event resulting or reasonably likely to result in a Material Adverse Effect during the period from and after the date of this Agreement and prior to any Closing Date. (i) The Offered Securities shall be registered under the Exchange Act, and the Company shall not have taken any action designed to terminate, or likely to have the effect of terminating, the registration of the Units under the Exchange Act nor shall the Company have received any information suggesting that the Commission is contemplating terminating such registration or listing. (j) The Company shall have furnished to the obligations of Representative and its counsel such additional documents, certificates and evidence as the Underwriters hereunderRepresentative or its counsel may have reasonably requested. If any condition specified in this Section 7 shall not have been fulfilled when and as required to be fulfilled, whether in respect of this Agreement may be terminated by the First Closing Date, an Additional Representative by notice to the Company at any time at or prior to any Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 6(a)(x), Section 8, Section 9 and Section 12 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (PepperLime Health Acquisition Corp)

Conditions of the Underwriters’ Obligations. The several obligations of each Underwriter hereunder to purchase the Underwriters hereunder Securities are subject to the accuracy, as of the date hereof and at the Closing Date or any applicable Option Closing Date (as if made at the Closing Date or Option Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of its obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462(b) Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Representative for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus, any state securities Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriters’ satisfaction. (b) At each Closing DateThe Shares, the Pre-Funded Warrant Shares and the Warrant Shares shall be qualified and approved for listing on Nasdaq. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Representative shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the Representative’s reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; (iiie) Between the date hereof and the Closing Date (A) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical rating organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (B) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date or any Option Closing Date, there shall have beenbeen furnished to the Representative the opinion and negative assurance letter of Xxxxxx LLP, corporate and intellectual property counsel for the Company, dated as of the Closing Date and addressed to the Representative, in form and substance reasonably satisfactory to the Representative. (g) The Representative shall have received letters of Xxxxx Xxxxxxx XxXxxx P.C. and RSM US LLP, on the date hereof and on the Closing Date or any Option Closing Date, addressed to the Representative, in form and substance reasonably satisfactory to the Representative, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm, prospects or results of operations of the type ordinarily included in accountants’ “comfort letters” to underwriters, with respect to the financial information, including any financial information contained in the SEC Reports filed by the Company and its subsidiaries, taken as a whole, from that set forth or incorporated by reference in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Prospectus, except changes and other matters required by the Representative. (h) On the Closing Date and any Option Closing Date (if applicable), there shall have been furnished to the Representative a certificate, dated the Closing Date and addressed to the Representative, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date or such Option Closing Date (as applicable), and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date or such Option Closing Date (as applicable); (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementSecurities for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, the Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each after the date of this Agreement and prior to the Closing Date or any Option Closing Date (as applicable).. (i) On the Closing Date, or any Option Closing Date (as applicable), there shall have been furnished to the Representative a certificate certificate, dated the Closing Date or any Option Closing Date (as applicable), and addressed to the Representative, signed by the secretary of the principal executive officer and the principal financial or accounting Company, in such person’s capacity as an officer of the Company, dated as of such Closing Date, evidencing compliance with to the provisions of this Subsection 5(b), and confirming the accuracy effect that: (i) that each of the representations certificate of incorporation, as amended and the amended and restated bylaws of the Company set forth is true and complete, has not been modified and is in Section 1 hereof full force and confirming effect; (ii) that all conditions set forth herein the resolutions of the Company’s Board of Directors relating to the Offering are in full force and effect and have not been modified; and (iii) as to the incumbency of the officers of the Company. The documents referred to in such certificate shall be met by the Company have been met as of attached to such datecertificate. (cj) No Underwriter On or before the date hereof, the Representative shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statementreceived duly executed “lock-up” agreements, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion form attached hereto as Exhibit C, between the Representative and each of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleadingparties set forth on Schedule IV hereto. (dk) On each Closing Date you The Representative shall have received a signed opinion, dated as electronic copies of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to Pre-Funded Warrants and Warrants executed by the sufficiency of all corporate proceedings Company. (l) The Common Stock shall be registered under the Exchange Act and other legal matters relating to this Agreement and the transactions contemplated herebyshall be listed on Nasdaq, and the Company shall not have furnished taken any action designed to terminate, or likely to have the effect of terminating, the registration of the Common Stock under the Exchange Act or delisting or suspending from trading the Common Stock from Nasdaq, nor shall the Company have received any information suggesting that the Commission is contemplated terminating such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such mattersregistration or listing. (em) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing of this Agreement and on each Closing Date, you or any Option Closing Date (as applicable), the Firm Shares and the Option, Shares shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & been delivered via the Depository Trust Company Certified Public Accountants PC, addressed system to the Underwriters (with executed copies for each accounts of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (gn) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA The Company shall have confirmed that it has not raised any objection with respect furnished to the fairness Representative and reasonableness of its counsel such additional documents, certificates and evidence as the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken at Representative or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel shall have received each and every additional document, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such its counsel may have reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 5(a)(xi), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Biocept Inc)

Conditions of the Underwriters’ Obligations. The several obligations obligation of the Underwriters Underwriter hereunder are to purchase the Shares is subject to the accuracy, as of the date hereof and on the Closing Date (as if made on the Closing Date), of and compliance with all representations, warranties and agreements of the Company and the Selling Stockholders contained herein, the performance by the Company and the Selling Stockholders of their respective obligations hereunder and the following additional conditions: (a) The If filing of the Final Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act, the Company shall have filed the Final Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus shall have been issued issued; and no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission. Any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriter for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, any state securities Prospectus, the Final Prospectus, any Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Underwriter’s reasonable satisfaction. (b) At each Closing Date, (i) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (c) The Underwriter shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration StatementSale Disclosure Package, any preliminary prospectus or Prospectus, the Final Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the reasonable opinion of the Underwriter, is material, or omit omits to state any a fact which, in the reasonable opinion of the Underwriter, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; (iii) there shall have been, since the respective dates as of which information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Registration Statement, each preliminary prospectus and the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statement, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and you shall have received at each Closing Date, a certificate of the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each the Closing Date you Date, there shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel been furnished to the several UnderwritersUnderwriter the opinion and negative assurance letters of Xxxxxxxxx Xxxxxxx, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, dated the Closing Date and addressed to the Underwriter, in form and substance previously agreed to by, and reasonably satisfactory to, the Underwriter. In rendering the opinion as provided for in this subsection, counsel may rely, to counsel for the Underwritersextent that they deem such reliance proper, together with signed or photostatic copies thereof for as to matters of fact upon certificates of the Company and of government officials. (e) On the Closing Date, there shall have been furnished to the Underwriter the opinions of legal counsel(s) to each of the other UnderwritersSelling Stockholders listed on Schedule I, dated the Closing Date and addressed to the Underwriter, in form and substance previously agreed to by, and reasonably satisfactory to, the Underwriter. (f) At On the time of the signing of this Agreement and on each Closing Date, you there shall have received a signed letterbeen furnished to the Underwriter the negative assurance letter of DLA Piper LLP (US), datedcounsel to the Underwriter, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, dated the Closing Date and addressed to the Underwriters (with executed copies for each of Underwriter, in form and substance previously agreed to by, and reasonably satisfactory to, the Underwriters) in the form heretofore approved by counsel for the UnderwritersUnderwriter. (g) As The Underwriter shall have received a letter from Xxxxxx, Xxxxxxx and Xxxxxx, LLP, on the date hereof and on the Closing Date, addressed to the Underwriter, confirming that they are independent public accountants within the meaning of the effective date Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Registration StatementCommission, and confirming the conclusions and findings of said firm with respect to the financial information and other matters of the Company in substantially the form heretofore approved by, and reasonably satisfactory to, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuanceUnderwriter. (h) FINRA On the Closing Date, there shall have confirmed that it has not raised any objection with respect been furnished to the fairness Underwriter a certificate, dated the Closing Date and reasonableness addressed to the Underwriter, signed by the chief executive officer of the underwriting terms Company, solely in his capacity as an officer of the Company, to the effect that: (A) The representations and arrangements warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied in all material respects with all the agreements and satisfied all the conditions on its part required to be performed or satisfied at or prior to the Closing Date; (B) No stop order or other order (A) suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof, (B) suspending the qualification of the Shares for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding for that purpose has been instituted or, to his knowledge, is contemplated by the Commission or any state or regulatory body; and (C) There has been no occurrence of any event resulting or reasonably likely to result in a Material Adverse Effect during the period from and after the date of this offeringAgreement and prior to the Closing Date. (i) At On the date of this AgreementClosing Date, the Representatives there shall have received an agreement substantially in been furnished to the form of Annex A hereto Underwriter certificates, dated the Closing Date and addressed to the Underwriter, signed by each Selling Stockholder, to the persons listed on Schedule B heretoeffect that the representations and warranties of such Selling Stockholder in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and such Selling Stockholder has complied, in all material respects, with all the agreements shall and satisfied all the conditions on its part to be in full force and effect on performed or satisfied at or prior to the Closing Date. (j) All proceedings taken at On or prior to before the date hereof, the Underwriter shall have received a duly executed Lock-Up Agreement by and between the Underwriter and each Closing Date in connection with the sale of the Shares shall be parties specified in Schedule IV. If the Underwriter, in its sole discretion, agrees to release or waive the restrictions set forth in the Lock-Up Agreement for an officer, director or stockholder of the Company and provides the Company with notice of the impending release or waiver at least three business days before the effective date of the release or waiver, the Company agrees to announce the impending release or waiver by a press release reasonably satisfactory in form and substance to you and counsel to the several UnderwritersUnderwriter hereto through a major news service at least two business days before the effective date of the release or waiver. (k) On or before the date hereof, the Underwriter shall have received from each Selling Stockholder a duly executed Stock Power, Lock-Up Agreement, and at the time of signing this Agreement and on Escrow Agreement. (l) On the Closing Date, you and such counsel there shall have received each and every additional documentbeen furnished to the Underwriter a certificate, letter, opinion, certificate or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such counsel may reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Date, from the Company’s secretary, or equivalent officer, in substantially the form heretofore approved by, and reasonably satisfactory to, the Underwriter. (m) The Company and each Selling Stockholder shall have furnished to the Underwriter and its counsel such additional documents, certificates and evidence as the Underwriter or its counsel may have reasonably requested. If any of the conditions herein provided for condition specified in this Section 6 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriter by notifying notice to the Company of such cancellation on and the Selling Stockholders at any time at or prior to the applicable Closing Date, and such termination shall be without liability of any party to any other party, except that Section 5(b)(vi) and Section 7 shall survive any such termination and remain in full force and effect. The Representatives Underwriter may in their its sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters Underwriter hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwise.

Appears in 1 contract

Samples: Underwriting Agreement (Quest Resource Holding Corp)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder are subject to the accuracy, as of the date hereof and at the Closing Date (as if made at the Closing Date), of and compliance with all representations, warranties and agreements of the Company and the Selling Stockholder contained herein, the performance by the Company and the Selling Stockholder of their respective obligations hereunder and the following additional conditions: (a) The If filing of the Prospectus, or any amendment or supplement thereto is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Prospectus (or such amendment or supplement) with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or Rule 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package or the Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to the knowledge initiated or threatened; any request of the Company or the Representatives, shall be contemplated by the Commission or any state securities the Representative for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, the Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the Representative’s satisfaction. (b) At each Closing Date, (i) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (c) The Representative shall be true not have reasonably determined and correct with the same effect as if made on and as of such Closing Date and advised the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration Statement, any preliminary prospectus Sale Disclosure Package or the Prospectus, or any amendment thereof or supplement thereto, shall contain any contains an untrue statement of a material fact which, in the Representative’s reasonable opinion, is material, or omit omits to state any a fact which, in the Representative’s reasonable opinion, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiid) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (e) On the Closing Date, there shall have beenbeen furnished to the Underwriters the opinion and negative assurance letters of Xxxxxx, Xxxxx & Xxxxxxx LLP, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative, to the effect set forth in Schedule III. (f) On the Closing Date, there shall have been furnished to the Underwriters the negative assurance letter of Xxxxxxxxxx Xxxxxxx PC, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative. (g) On the Closing Date, there shall have been furnished to the Underwriters the opinion of legal counsel to the Selling Stockholder (or its corporate parent), which counsel may be in-house counsel to the Selling Stockholder, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative, to the effect set forth in Schedule IV. (h) The Underwriters shall have received a letter of Deloitte & Touche LLP, on the date hereof and on the Closing Date addressed to the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change given in the condition (financial Time of Sale Disclosure Package, as of a date not prior to the date hereof or otherwisemore than five days prior to the date of such letter), businessthe conclusions and findings of said firm with respect to the financial information and other matters required by the Representative. (i) On the Closing Date, prospects or results there shall have been furnished to the Underwriters a certificate, dated the Closing Date and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of operations the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its subsidiaries, taken as a whole, from that set forth in part to be performed or satisfied at or prior to the Closing Date; (ii) No stop order or other order (A) suspending the effectiveness of the Registration StatementStatement or any part thereof or any amendment thereof, each preliminary prospectus and (B) suspending the qualification of the Shares for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package or the Prospectus, except changes that the Registration Statement indicates might occur after the effective date of the Registration Statementhas been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and on each Closing Date, you shall have received a signed letter, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, addressed prior to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B hereto, and such agreements shall be in full force and effect on the Closing Date. (j) All proceedings taken On the Closing Date, there shall have been furnished to the Underwriters certificates, dated the Closing Date and addressed to the Underwriters, signed by the Selling Stockholder, to the effect that the representations and warranties of the Selling Stockholder in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and the Selling Stockholder has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to each Closing Date in connection with the sale of the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date; (k) On or before the date hereof, you and such counsel the Representative shall have received from each of the directors and every executive officers of the Company listed on Schedule V duly executed “lock-up” agreements, in the form attached hereto in Schedule VI. (l) The Company and the Selling Stockholder shall have furnished to the Underwriters and their counsel such additional documentdocuments, letter, opinion, certificate certificates and evidence as the Representative or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such Underwriters’ counsel may have reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 8 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Representative by notifying notice to the Company of such cancellation on and the Selling Stockholder at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Closing Date, an Additional Closing Date or otherwiseand such termination shall be without liability of any party to any other party, except that Section 6(a)(vii), Section 8 and Section 9 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (InfuSystem Holdings, Inc)

Conditions of the Underwriters’ Obligations. The several obligations of the Underwriters hereunder to purchase the Shares are subject to the accuracy, as of the date hereof and at all times through the Closing Date, and on each Option Closing Date (as if made on the Closing Date or such Option Closing Date, as applicable), of and compliance with all representations, warranties and agreements of the Company and the Selling Shareholder contained herein, the performance by the Company and the Selling Shareholder of their obligations hereunder and the following additional conditions: (a) The If filing of the Final Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under the Securities Act or the Rules and Regulations, the Company shall have filed the Final Prospectus (or such amendment or supplement) or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall have become effective under the Act and, at the Closing Date, remain effective; no stop order suspending the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof, nor suspending or preventing the qualifications use of the Shares Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus shall have been issued and issued; no proceedings for that purpose the issuance of such an order shall have been instituted before or, to initiated or threatened by the knowledge Commission; any request of the Company or the Representatives, shall be contemplated by the Commission or the Underwriters for additional information (to be included in the Registration Statement, the Time of Sale Disclosure Package, any state securities Prospectus, the Final Prospectus, any Issuer Free Writing Prospectus or “Blue Sky” commissioner or authorityotherwise) shall have been complied with to the satisfaction of the Underwriters. (b) At each Closing DateThe Shares shall be approved for listing on Nasdaq, subject to official notice of issuance and evidence of satisfactory distribution. (ic) FINRA shall have raised no objection to the representations fairness and warranties reasonableness of the Company contained in this Agreement underwriting terms and arrangements. (d) The Underwriters shall be true not have reasonably determined, and correct with advised the same effect as if made on and as of such Closing Date and the Company shall have performed all of the obligations and complied with all of the conditions hereunder on its part to be performed or complied with on or prior to the Closing Date; (ii) Company, that the Registration Statement, each preliminary prospectus and the Prospectus and any amendments or supplements thereto shall in all material respects conform to the requirements Time of the Act and the Rules and Regulations, and neither the Registration StatementSale Disclosure Package, any preliminary prospectus or Prospectus, the Final Prospectus, or any amendment thereof or supplement thereto, shall contain or any Issuer Free Writing Prospectus, contains an untrue statement of a material fact which, in the reasonable opinion of the Underwriters, is material, or omit omits to state any a fact which, in the reasonable opinion of the Underwriters, is material fact and is required to be stated therein or necessary to make the statements therein not misleading; . (iiie) On or after the date hereof (i) no downgrading shall have occurred in the rating accorded any of the Company’s securities by any “nationally recognized statistical organization,” as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Securities Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s securities. (f) On the Closing Date and on each Option Closing Date, there shall have beenbeen furnished to the Underwriters the opinion and negative assurance letters of Wxxxxx Rxxxxxx Yxxxx & Pxxxxx LLP, counsel to the Company, each dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters, to the effect set forth in Exhibit B. (g) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriters the negative assurance letter of Pxxxx Cxxxxxx LLP, counsel to the Underwriters, dated the Closing Date or the Option Closing Date, as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory to Underwriter. (h) On the Closing Date, there shall have been furnished to the Underwriters the opinion of Wxxxxx Rxxxxxx Yxxxx & Pxxxxx LLP, as special legal counsel to the Selling Shareholder, dated the Closing Date, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters, to the effect set forth in Exhibit C. (i) The Underwriters shall have received a letter of Deloitte & Touche LLP, on the date hereof and on the Closing Date and on each Option Closing Date, addressed to the Underwriters, confirming that they are independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given, no material adverse change in the condition (financial or otherwise), business, prospects or results of operations of the Company and its subsidiaries, taken as a whole, from that set forth given in the Registration Statement, each preliminary prospectus the Time of Sale Disclosure Package and the Final Prospectus, except changes as of a date not prior to the date hereof or more than five days prior to the date of such letter), the conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriters. (j) On the Closing Date and on each Option Closing Date, there shall have been furnished to the Underwriters a certificate, dated the Closing Date and on each Option Closing Date and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer of the Company, in their capacity as officers of the Company, to the effect that: (i) The representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date and on the Option Closing Date, and the Company has complied in all material respects with all the agreements and satisfied all the conditions on its part required to be performed or satisfied at or prior to the Closing Date or on the Option Closing Date, as applicable; (ii) No stop order or other order (A) suspending the effectiveness of the Registration Statement indicates might occur after or any part thereof or any amendment thereof, (B) suspending the effective date qualification of the Registration StatementShares for offering or sale, or (C) suspending or preventing the use of the Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus, has been issued, and neither the Company nor any of its Subsidiaries shall have incurred any material liabilities or material obligations, direct or contingent, or entered into any material transaction, contract or agreement not in the ordinary course of business other than as referred to or contemplated in the Registration Statement; and (iv) except as set forth in each preliminary prospectus and the Prospectus, no action, suit or proceeding at law or in equity shall be pending for that purpose has been instituted or, to the Company’ their knowledge, threatened against is contemplated by the Company Commission or any state or regulatory body; and (iii) There has been no occurrence of its Subsidiaries that would be required to be set forth in the Registration Statement, and no proceedings shall be pending or, to the Company’ knowledge, threatened against the Company any event resulting or any of its Subsidiaries before or by any commission, board or administrative agency in the United States or elsewhere, wherein an unfavorable decision, ruling or finding could reasonably be expected, individually or in the aggregate, likely to result in a Material Adverse Effect; Effect during the period from and you shall have received at each Closing Date, a certificate of after the principal executive officer and the principal financial or accounting officer of the Company, dated as of such Closing Date, evidencing compliance with the provisions of this Subsection 5(b), and confirming the accuracy of the representations of the Company set forth in Section 1 hereof and confirming that all conditions set forth herein to be met by the Company have been met as of such date. (c) No Underwriter shall have discovered and disclosed to the Company prior to any Closing Date that the Registration Statement, any preliminary prospectus or the Prospectus or any amendment or supplement thereto, contains an untrue statement of a fact that in the reasonable opinion of counsel to the Representatives is material, or omits to state any material fact required to be stated therein or necessary in order to make the statements therein not misleading. (d) On each Closing Date you shall have received a signed opinion, dated as of such date, of Xxxxxx, Xxxxxxxx & Markiles LLP, counsel to the several Underwriters, with respect to the sufficiency of all corporate proceedings and other legal matters relating to this Agreement and the transactions contemplated hereby, and the Company shall have furnished to such counsel such documents as they may have reasonably requested for the purpose of enabling them to pass upon such matters. (e) On each Closing Date you shall have received the signed opinion, dated as of such date, of K&L Gates LLP, counsel to the Company, in form reasonably satisfactory to counsel for the Underwriters, together with signed or photostatic copies thereof for each of the other Underwriters. (f) At the time of the signing date of this Agreement and prior to the Closing Date or on each the Option Closing Date, you as applicable. (k) On the Closing Date, there shall have received a signed letterbeen furnished to the Underwriters certificates, dated, respectively, as of each such date, from Xxxxxxxx & Company Certified Public Accountants PC, dated the Closing Date and addressed to the Underwriters (with executed copies for each of the Underwriters) in the form heretofore approved by counsel for the Underwriters. (g) As of the effective date of the Registration Statement, the Common Stock shall be listed on the NASDAQ Global Market, subject to official notice of issuance. (h) FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness of the underwriting terms and arrangements for this offering. (i) At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Annex A hereto signed by the persons listed on Schedule B heretoSelling Shareholder, to the effect that the representations and warranties of Selling Shareholder in this Agreement are true and correct, in all material respects, as if made at and as of the Closing Date, and such Selling Shareholder has complied with all the agreements shall and satisfied all the conditions on its part to be in full force and effect on performed or satisfied at or prior to the Closing Date. (jl) All proceedings taken at On or prior to each Closing Date in connection with before the sale of date hereof, the Shares shall be reasonably satisfactory in form and substance to you and counsel to the several Underwriters, and at the time of signing this Agreement and on the Closing Date, you and such counsel Underwriters shall have received duly executed lock-up agreement (each a “Lock-Up Agreement”) in the form set forth on Exhibit A hereto, by and every between the Underwriters and each of the parties specified in Schedule VI. (m) The Company and the Selling Shareholder shall have furnished to the Underwriters and its counsel such additional documentdocuments, letter, opinion, certificate certificates and evidence as the Underwriters or other item dated and executed in a manner reasonably satisfactory to you and such counsel, as you or such its counsel may have reasonably request in connection with each preliminary prospectus, the Prospectus, the Registration Statement, the offer and sale of the Shares hereunder, or proceedings at the Closing Daterequested. If any of the conditions herein provided for condition specified in this Section 7 shall not have been fulfilled when and as of the date indicatedrequired to be fulfilled, all obligations of the several Underwriters under this Agreement may be cancelled terminated by the Representatives Underwriters by notifying notice to the Company of such cancellation on and the Selling Shareholder at any time at or prior to the applicable Closing Date. The Representatives may in their sole discretion waive Date or on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of the First Option Closing Date, an Additional Closing Date or otherwiseas applicable, and such termination shall be without liability of any party to any other party, except that Section 6(a)(viii), Section 10 and Section 11 shall survive any such termination and remain in full force and effect.

Appears in 1 contract

Samples: Underwriting Agreement (Fathom Holdings Inc.)

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