Further Agreements of the Company. The Company covenants and agrees as follows: (a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission. (b) The Company will promptly notify the Representatives in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment. (c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act. (d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period. (e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed. (f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes. (g) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission. (h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder. (i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees. (j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD. (k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A. (l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 2 contracts
Samples: Underwriting Agreement (Iomega Corp), Underwriting Agreement (Iomega Corp)
Further Agreements of the Company. The Company covenants and further agrees with the Representative as follows:
(a) The Company will To use its best efforts to cause the Registration Statement to become effective under the Securities Act as promptly as possible and notify the Representative immediately, and confirm such notice in writing, (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of when the Registration Statement in reliance on Rule 430A and (ii) not file any post-effective amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with thereto become effective under the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional informationAct, (ii) of the issuance by the Commission receipt of any stop order suspending comments from the effectiveness SEC or the “blue sky” or securities authority of any jurisdiction regarding the Registration Statement, any post-effective amendment thereto, the Prospectus, or any amendment or supplement thereto, (iii) of the institution or notice of intended institution filing with the SEC of any action or proceeding for that purposesupplement to the Prospectus, and (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purposea Stop Order. The Company will make every reasonable effort use its best efforts to prevent the issuance of such a stop order any Stop Order and, if such an order shall at and if any time be Stop Order is issued, to obtain the withdrawal lifting thereof as promptly as possible. If the Registration Statement has become or becomes effective under the Securities Act with a form of prospectus omitting information under Rule 430A of Regulation C promulgated under the Securities Act, or filing of the prospectus with the SEC is otherwise required under Rule 424(b) of Regulation C, the Company will file with the SEC the Prospectus, properly completed, pursuant to such rule within the time period prescribed and will provide evidence satisfactory to the Representative of such timely filing.
(b) During the time when a Prospectus relating to the Securities is required to be delivered hereunder or under the acts or regulations promulgated by the SEC, comply with all the requirements imposed upon it by the Securities Act, as now existing and hereafter amended, and by the rules and regulations promulgated thereunder, as from time to time in force, so far as necessary to permit the continuance of the sales of the Securities in accordance with the provisions hereof. If, at any time when a Prospectus relating to the earliest possible momentSecurities is required to be delivered hereunder or under the rules or the regulations promulgated by the SEC, any event shall have occurred as a result of which, in the reasonable opinion of counsel for the Company or counsel for the Representative, the Registration Statement or the prospectus as then amended or supplemented contains any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or if, the in the reasonable opinion of either of such counsel, it is necessary at any time to amend or supplement the Registration Statement or the prospectus to comply with the Securities Act and the rules and regulations promulgated thereunder, the Company will immediately notify the Representative and promptly prepare and file with the SEC an appropriate amendment or supplement (in form and substance satisfactory to the Representative) which will correct such statement or omission of which will effect such compliance and will use its best efforts to have any such amendment declared effective under the Securities Act as soon as possible.
(c) The Company will use its best efforts to register or qualify the sale of the Securities and Warrant Shares in such States as shall be reasonably requested by the Representative.
(id) on or before the Closing Date, The Company will deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, Representative as many copies of the preliminary Prospectus as you the Representative may reasonably request, and (iii) thereafter from time to time request during the period in which a prospectus is required by law to be delivered by following the Underwriter or dealer, likewise send to you as many additional copies filing of the Prospectus Registration Statement and each amendment thereto. The Company will deliver to the Representative as many copies of any supplement to the final Prospectus and each post-effective amendment of any amended Prospectus, filed by the Company with the CommissionRegistration Statement, as you the Representative may reasonably request during the period of the offering and for ninety (90) days after the purposes contemplated closing date,
(e) The Company will file with the Commission and any appropriate State securities commissioners any sales and other reports required by the Securities Actrules and regulations of such agencies and will promptly supply copies to the Representative.
(df) The Company will notify the Representative a reasonable amount of time in advance of any additional issuance of shares following a successful closing, for a period of two years following the closing date of the offering, except upon the issuance of shares underlying warrants outstanding on the closing date and shares issued pursuant to any duly adopted directors or employees stock or stock option or equivalent plan, the issuance of which Company will notify the Representative within five business days following such issuance.
(g) If at any time during the period in which a prospectus is required by law to that the Representative's Warrant may be delivered by the Underwriter or dealer any event relating to or affecting the Companyexercised, or of which the Company shall be advised in writing by you, shall occur as intends to file a result of which it is necessary, in the opinion of counsel registration statement for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light an underwritten offering (a “Piggyback Registration”) of the circumstances existing at sale of shares of its Common Stock on a form suitable for registering the time it is delivered to a purchaser of shares underlying the NotesRepresentative’s Warrant (the “Registrable Shares”), the Company will forthwith prepare and file with notify the Commission a supplement Representative of its intention at least 30, but no more than 60 days prior to the Prospectus or an amended Prospectus so that filing of such registration statement. Within 20 days of such notice, the Prospectus Representative, on its own behalf and on behalf of all holders of Representative’s Warrant (collectively, “Holders”) may elect (by written notice to the Company) to include among the registered shares in the Piggyback Registration any specific number of Registrable Shares. If the Representative is not the managing underwriter of the Piggyback Registration, all Holders shall be subject to cut-back and lock-in provisions as so supplemented or amended will not contain any untrue statement required by the managing underwriter of a material fact or omit to state any material fact necessary the offering in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or effect an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for orderly distribution of the Notes.
(g) During a period of five years commencing with shares and are customary and reasonable in the date hereof, the Company will furnish to you copies circumstances. The Representative on behalf of all periodic and special reports furnished participating Holders shall provide the usual indemnities to stockholders of both the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end underwriter of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act Piggyback Registration and Rule 158 thereunder.
(i) The Company agrees to pay complete and execute all costs and expenses incident to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's feesmanaging underwriter.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 2 contracts
Samples: Underwriting Agreement (Valuerich Inc), Underwriting Agreement (Valuerich Inc)
Further Agreements of the Company. The Company hereby covenants and agrees with each of the Underwriters as follows:
(a) If the Registration Statement has not become effective prior to the date hereof, the Company will use its best efforts to cause the Registration Statement and any subsequent amendments thereto to become effective as promptly as possible. The Company will (i) prepare notify the Representative promptly, after the Company shall receive notice thereof, of the time when the Registration Statement, or any subsequent amendment thereto, has become effective or any supplement to the Prospectus has been filed. Following the execution and delivery of this Agreement, the Company will prepare, and timely file or transmit for filing with the Commission under Rule SEC in accordance with Rules 430A, 424(b) a Prospectus containing information previously omitted at the time of effectiveness and 434, as applicable, copies of the Registration Statement in reliance on Rule 430A and (ii) not file any Prospectus, or, if necessary, a post-effective amendment to the Registration Statement or supplement (including the Prospectus), in which event, the Company will take all necessary action to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) such post-effective amendment declared effective as soon as possible. The Company will promptly notify the Representatives in Representative promptly upon the event Company's obtaining knowledge of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission SEC of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution Statement or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening threat of any proceeding proceedings for such purpose. The Company that purpose and will make every reasonable effort use its best efforts to prevent the issuance of such a any stop order and, if such an a stop order shall at any time be is issued, to obtain as soon as possible the withdrawal thereof at the earliest possible moment.
(c) or lifting thereof. The Company will (i) on promptly prepare and file at its own expense with the SEC any amendments of, or before the Closing Datesupplements to, deliver to you a signed copy of the Registration Statement as originally filed and or the Prospectus which may be necessary in connection with the distribution of each amendment thereto filed prior the Shares by the Underwriters. During the period when a Prospectus relating to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus Shares is required by law to be delivered by under the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities 1933 Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and promptly file with any amendments of, or supplements to, the Commission a supplement to Registration Statement or the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain which may be necessary to correct any untrue statement of a material fact or omit any omission to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaserunder which they were made, not misleading. If, after The Company will notify the public offering Representative promptly of the Notes receipt of any comments from the SEC regarding the Registration Statement or Prospectus or request by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering SEC for any amendment thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel supplement thereto or for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variationany additional information. The Company authorizes will not file any amendment of, or supplement to, the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Registration Statement or Prospectus, as from whether prior to or after the Effective Date, which shall not previously have been submitted to the Representative and its counsel a reasonable time prior to time amended the proposed filing or supplemented, in connection with to which the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such periodRepresentative shall have reasonably objected.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(fb) The Company has used and will cooperate, when and as requested by you, in continue to use its best efforts to register or qualify the qualification of the Notes Shares for offer and sale under the securities or blue sky laws of such jurisdictions as you the Representative may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that and the Company shall not be obligated to will file any general consent such consents to service of process or other documents necessary or appropriate in order to effect such registration or qualification. In each jurisdiction in which the Shares shall have been registered or qualified as above provided, the Company will continue such registrations or qualifications in effect for so long as may be required for purposes of the distribution of the Shares; provided, however, that in no event shall the Company be obligated to qualify to do business as a foreign corporation in any jurisdiction in which it is not now so qualified or to take any action which would subject it to the service of process in suits, other than those arising out of the offering or sale of the Shares, in any jurisdiction where it is not now so subject. In each jurisdiction where any of the Shares shall have been so qualified. The , the Company will from time to time, prepare and file such statements, reports, statements and other documents reports as are or may be reasonably required by the laws of such jurisdiction to continue such qualifications qualification in effect. The Company will notify the Representative immediately of, and confirm in writing, the suspension of qualification of the Shares or the threat of such action in any jurisdiction. The Company will use its best efforts to qualify or register its Common Stock for sale in nonissuer transactions under (or obtain exemptions from the application of) the securities laws of such states designated by the Representative (and thereby permit market-making transactions and secondary trading in its Common Stock in such states), and will comply with such securities laws and will continue such qualifications, registrations and exemptions in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with after the date hereof, the .
(c) The Company will furnish to you the Representative, as soon as available, copies of the Registration Statement (one of which shall include all periodic exhibits), each Preliminary Prospectus, the Prospectus and special reports furnished any amendments or supplements to stockholders such documents, including any prospectus prepared to permit compliance with Section 10(a)(3) of the 1933 Act, all in such quantities as the Representative may from time to time reasonably request prior to the printing of each such document. The Company specifically authorizes the Underwriters and all dealers to whom any of all information, documents the Shares may be sold by the Underwriters to use and reports filed distribute copies of such Preliminary Prospectuses and Prospectuses in connection with Commissionthe sale of the Shares as and to the extent permitted by the federal and applicable state and local securities laws.
(hd) Not later For as long as the Company has more than the 45th day following the end of the fiscal quarter first occurring 100 beneficial owners, but in no event more than five years after the first anniversary of the Effective Date, the Company will make generally available mail as soon as practicable to the holders of its security holders an earnings statement Common Stock substantially the following documents, which documents shall be in accordance compliance with this Section 11(a) of if they are in the Securities Act and Rule 158 thereunder.form prescribed by the 1934 Act:
(i) within forty-five days after the end of the first three quarters of each fiscal year, copies of the quarterly unaudited statement of profit and loss and quarterly unaudited balance sheets of the Company and any material subsidiaries; and
(ii) within ninety days after the close of each fiscal year, appropriate financial statements as of the close of such fiscal year for the Company and any material subsidiary which shall be certified to by a nationally recognized firm of independent certified public accountants in such form as to disclose the Company's financial condition and the results of its operations for such fiscal year.
(e) For as long as the Company has more than 100 beneficial owners, but in no event more than five years after the Effective Date, the Company will furnish to the Representative (i) concurrently with furnishing such reports to its stockholders, the reports described in Section 3(d) hereof; (ii) as soon as they are available, copies of all other reports (financial or otherwise) mailed to security holders; and (iii) as soon as they are available, copies of all reports and financial statements furnished to, or filed with, the SEC, the NASD, any securities exchange or any state securities commission by the Company. During such period, the foregoing financial statements shall be on a consolidated basis to the extent that the accounts of the Company and any subsidiary or subsidiaries are consolidated and shall be accompanied by similar financial statements for any significant subsidiary which is not so consolidated.
(f) The Company agrees will not, without the prior written consent of the Representative, which consent shall not be unreasonably withheld, sell or otherwise dispose of any capital stock or securities convertible or exercisable into capital stock of the Company (other than pursuant to currently outstanding options, warrants and convertible securities) during the 180-day period following the Effective Date. Prior to the Closing Date, the Company will not repurchase or otherwise acquire any of its capital stock or declare or pay any dividend or make any distribution on any class of its capital stock.
(g) Subject to the proviso set forth below, the Company shall be responsible for and pay all costs and expenses incident to the performance of its obligations under this Agreement and including, without limiting the Indenturegenerality of the foregoing, including (i) all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements the Registration Statement (including financial statements and amendments to exhibits), Preliminary Prospectuses and the Prospectus referred and any amendments thereof or supplements to in paragraph any of the foregoing; (dii) the issuance and delivery of this Section 6 the Shares, including taxes, if any; (iii) the cost of all certificates representing the Shares; (iv) the fees and expenses of the T-1, Transfer Agent for the Shares; (v) the furnishing to you fees and disbursements of counsel for the Company; (vi) all fees and other charges of the reports independent public accountants of the Company; (vii) the cost of furnishing and information delivering to the Underwriters and dealers participating in the offering copies of the Registration Statement (including appropriate exhibits), Preliminary Prospectuses, the Prospectus and any amendments of, or supplements to, any of the foregoing; (viii) the NASD filing and quotation fees; (ix) the fees and disbursements, including filing fees and all accountable fees and expenses of counsel for the Company incurred in registering or qualifying the Shares for sale under the laws of such jurisdictions upon which the Representative and the Company may agree; and (x) a nonaccountable expense allowance to the Representative equal to 2% of the gross proceeds of the Offering. The Representative hereby acknowledge receipt of a $10,000 advance against the Representative's non-accountable expense allowance referred to in paragraph (g) the preceding sentence. In the event this Agreement is terminated pursuant to Section 8 below, the Company shall remain obligated to pay the Representative its actual accountable out-of-pocket expenses, not to exceed $20,000, without the prior written approval of the Company. Further, if upon termination of this Agreement pursuant to Section 6 and (vi) 8 below, the printing and issuance Representative's actual accountable out-of-pocket expenses do not exceed the $10,000 advance against the Representative's accountable expense allowance, the portion of the Indenture advance not used will be reimbursed to the Company by the Representative.
(h) The Company will not take, and will use its best efforts to cause each of its officers and directors not to take, directly or indirectly, any action designed to or which might reasonably be expected to cause or result in the note certificates, including stabilization or manipulation of the transfer agent's feesprice of any security of the Company to facilitate the sale or resale of the Shares.
(i) The Company will use its best efforts to maintain the listing of its Common Stock on the Nasdaq National Market.
(j) The For a period of at least three years after the Effective Date, the Company agrees to reimburse you, for will file with the account of the several Underwriter, for blue sky fees SEC all reports and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering other documents as may be required by the NASD1933 Act, the Rules and Regulations and the 1934 Act.
(k) The Company hereby agrees that, without will apply the prior written consent proceeds from the sale of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference Shares substantially in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of manner set forth in the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.Prospectus.
(l) The Prior to or as of the First Closing Date, the Company is familiar shall have performed each condition to closing required to be performed by it pursuant to Section 4 hereof.
(m) Other than as permitted by the 1933 Act and the Rules and Regulations, the Company will not distribute any prospectus or other offering material in connection with the Investment Offering.
(n) On First Closing Date, the Company Act of 1940, as amended, and has in shall grant to the past conducted its affairs, and will in Representative the future conduct its affairsRepresentative's Warrants, in such a manner to ensure that substantially the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, form attached as amended, and the rules and regulations thereunderAppendix A hereto.
Appears in 2 contracts
Samples: Underwriting Agreement (Fieldworks Inc), Underwriting Agreement (Fieldworks Inc)
Further Agreements of the Company. The Company hereby covenants and agrees with the Underwriter as follows:
(a) If the Registration Statement has not become effective prior to the date hereof, the Company will use its best efforts to cause the Registration Statement and any subsequent amendments thereto to become effective as promptly as possible. The Company will (i) prepare notify the Underwriter promptly, after the Company shall receive notice thereof, of the time when the Registration Statement, or any subsequent amendment thereto, has become effective or any supplement to the Prospectus has been filed. Following the execution and delivery of this Agreement, the Company will prepare, and timely file or transmit for filing with the Commission under Rule SEC in accordance with Rules 430A, 424(b) a Prospectus containing information previously omitted at the time of effectiveness and 434, as applicable, copies of the Registration Statement in reliance on Rule 430A and (ii) not file any Prospectus, or, if necessary, a post-effective amendment to the Registration Statement or supplement (including the Prospectus), in which event, the Company will take all necessary action to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) such post-effective amendment declared effective as soon as possible. The Company will promptly notify the Representatives in Underwriter promptly upon the event Company's obtaining knowledge of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission SEC of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution Statement or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening threat of any proceeding proceedings for such purpose. The Company that purpose and will make every reasonable effort use its best efforts to prevent the issuance of such a any stop order and, if such an a stop order shall at any time be is issued, to obtain as soon as possible the withdrawal thereof at the earliest possible moment.
(c) or lifting thereof. The Company will (i) on promptly prepare and file at its own expense with the SEC any amendments of, or before the Closing Datesupplements to, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, necessary in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required Units by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.the
Appears in 2 contracts
Samples: Underwriting Agreement (Hypertension Diagnostics Inc /Mn), Underwriting Agreement (Hypertension Diagnostics Inc /Mn)
Further Agreements of the Company. The Company further covenants and agrees with the Agent as followsto the following:
(a) The If the Company has elected to rely on Rule 430A under the Act, the Company will (i) prepare and timely file a Prospectus (or term sheet within the meaning of Rule 434 under the Act) containing the information omitted therefrom pursuant to Rule 430A under the Act with the Commission within the time period required by, and otherwise in accordance with the provisions of, Rules 424(b), 430A and 434, if applicable, under the Act; if the Company has elected to rely upon Rule 462(b) under the Act to increase the size of the offering registered under the Act, the Company will prepare and file a registration statement with respect to such increase with the Commission within the time period required by, and otherwise in accordance with the provisions of, Rule 462(b) under the Act; the Company will prepare and file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at Commission, promptly upon the time of effectiveness request of the Registration Statement in reliance on Rule 430A and (ii) not file Agent, any amendment amendments or supplements to the Registration Statement or Prospectus (including any term sheet within the meaning of Rule 434 under the Act) that, in the opinion of the Agent, may be necessary or advisable in connection with the offer of the Securities by the Agent; and the Company will not file any amendment or supplement to the Registration Statement or Prospectus (including any term sheet within the meaning of Rule 434 under the Act) to which you the Agent shall not previously have reasonably object by notice to the Company after having been advised and furnished with a copy or a reasonable time prior to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commissionfiling.
(b) The Company will advise the Agent promptly notify the Representatives in the event of (i) the any request by of the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration StatementStatement or the use of the Prospectus, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Shares for offering or sale in any jurisdiction, or (viv) the receipt by it of notice of the initiation institution or threatening of any proceeding proceedings for such that purpose. The , and the Company will make every reasonable effort use its best efforts to prevent the issuance of any such a stop order andpreventing or suspending the use of the Prospectus or suspending such qualification and to obtain as soon as possible the lifting thereof, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on promptly prepare and file at its own expense with the Commission any amendments of, or before the Closing Datesupplements to, deliver to you a signed copy of the Registration Statement as originally filed and the Prospectus which may be necessary in connection with the offer of each amendment thereto filed prior the Shares and Warrants by the Agent. During the period when a Prospectus relating to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, Shares and (iii) thereafter from time to time during the period in which a prospectus Warrants is required by law to be delivered by under the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare promptly file any amendments of, or supplements to, the Registration Statement and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain which may be necessary to correct any untrue statement of a material fact or omit any omission to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaserunder which they were made, not misleading. IfThe Company will not file any amendment of, or supplement to, the Registration Statement or Prospectus, after the public offering Effective Date, which shall not previously have been submitted to the Agent and its counsel a reasonable time prior to such proposed filing or to which the Agent shall have reasonably objected. In case the Agent is required to deliver a prospectus in connection with sales of any Shares or Warrants at any time nine months or more after the Effective Date, upon the request of the Notes by Agent but at the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing expense of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amendedAgent, the Company will forthwith prepare and file with the Commission a supplement deliver to the Prospectus or Agent as many copies as the Agent may request of an amended or supplemented Prospectus setting forth such variation. complying with Section 10(a)(3) of the Act.
(d) The Company authorizes will endeavor to qualify or register the Underwriter Shares for sale or obtain appropriate exemptions from such qualification or registration so as to permit sale of the Shares and Warrants under the securities laws of such jurisdictions as the Agent may reasonably designate and the Company will file such consents to service of process or other documents necessary or appropriate in order to effect such qualification or registration. In each jurisdiction in which the Shares shall have been qualified or registered as above provided, the Company will continue such qualifications or registrations in effect for so long as may be required for purposes of the distribution of the Shares and make and file such statements and reports in each year as are or may be reasonably required by the laws of such jurisdiction to permit secondary trading of the same; provided, however, that in no event shall the Company be obligated to qualify to do business in any jurisdiction where it is not now so qualified or to take any action which would subject it to the service of process in suits, other than those arising out of the offering or sale of the Shares.
(e) The Company will furnish to the Agent, as soon as available, copies of the Registration Statement and all dealers amendments (two of which will be signed and which shall include all exhibits), each Preliminary Prospectus, if any, the Prospectus and any amendments or supplements to whom such documents including any prospectus prepared to permit compliance with Section 10(a)(3) of the Notes Act, all in such quantities as the Agent may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, reasonably request. The Company specifically authorizes the Agent to use and distribute copies of such Preliminary Prospectuses and Prospectuses in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act Shares as and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with extent permitted by the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement federal and any supplement to the Prospectus or any amended Prospectus proposed to be filedapplicable state and local securities laws.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement statement, in accordance a form complying with requirements of Section 11(a) of the Securities Act and Rule 158 thereunder, as soon as practicable and in any event not later than 45 days after the end of its fiscal quarter in which occurs the first anniversary date of the Effective Date, meeting the requirements of Section 11(a) of the Act covering a period of at least 12 consecutive months beginning after the Effective Date, and will advise you in writing when such statement has been so made available.
(ig) The Company agrees will, for such period up to two years from the Closing Date, deliver to the Agent copies of its annual report and copies of all other documents, and information furnished by the Company to its security holders or filed with any securities exchange pursuant to the requirements of such exchange or with the Commission pursuant to the Act or the Exchange Act, or any state securities commission by the Company. The Company will deliver to the Agent similar reports with respect to significant subsidiaries, if any, as that term is defined in the rules and regulations under the Act, which are not consolidated in the Company's financial statements.
(h) The Company shall be responsible for and pay all costs and expenses incident to the performance of its obligations under this Agreement and including, without limiting the Indenturegenerality of the foregoing, including (i) all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements the Registration Statement (including financial statements and amendments to exhibits), Preliminary Prospectuses, if any, the Prospectus referred and any amendments thereof or supplements to in paragraph any of the foregoing; (dii) the issuance and delivery of this Section 6 the Shares and Warrants, including taxes, if any; (iii) the T-1, cost of all certificates representing the Shares and Warrants; (iv) the fees and expenses of the Transfer Agent for the Shares; (v) the furnishing to you fees and disbursements of counsel for the reports and information referred to in paragraph (g) of this Section 6 and Company; (vi) the printing all fees and issuance other charges of the Indenture independent public accountants of the Company; (vii) the cost of furnishing and delivering to the note certificatesAgent copies of the Registration Statement (including appropriate exhibits), Preliminary Prospectuses, the Prospectus and any amendments of, or supplements to, any of the foregoing; (viii) the NASD filing fee; (ix) all fees and expenses of counsel for the Agent incurred in qualifying the Shares for sale under the laws of such jurisdictions designated by the Agent (including filing fees). In addition, the transfer agentCompany shall reimburse the Agent's feesout-of-pocket expenses in connection with the Offering as currently structured as well as the expenses incurred by the Agent as underwriter for the proposed, but uncompleted public offering which preceded the current Offering. Reimbursable expenses shall include reasonable legal fees incurred by the Agent. In the event this Agreement is terminated pursuant to Section 13 below, the Company shall remain obligated to pay the Agent its actual accountable out-of-pocket expenses, plus any fees and expenses described in (ix) above.
(i) The Company will not take, and will use its best efforts to cause each of its officers and directors not to take, directly or indirectly, any action designed to or which might reasonably be expected to cause or result in the stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of the Shares and Warrants and will not effect any sales of any security of the Company which are required to be disclosed in response to Item 701 of Regulation S-X of the Commission which have not been so disclosed in the Registration Statement.
(j) The Upon completion of this offering, the Company agrees will use its best efforts to reimburse you, for maintain the account listing of its Common Stock on the several Underwriter, for blue sky fees and related disbursements and costs National Association of a legal investment survey Securities Dealers Automated Quotation System (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterNasdaq) paid by National Market or for the account of the Underwriter SmallCap Market or its counsel in qualifying the Notes under state any other national securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASDexchange.
(k) The Company hereby agrees that, without will apply the prior written consent net proceeds from the sale of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference Shares substantially in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of manner set forth in the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.Prospectus.
(l) The During the period ending on the final Closing Date, the Company is familiar agrees that it will issue press releases, make public statements and respond to inquiries of the press and securities analysts only after conferring with its counsel and with the Investment Company Act Agent.
(m) Prior to or as of 1940either closing date, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not shall have performed each condition to closing required to be an "investment company" or a company "controlled" performed by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunderpursuant to Section 8 hereof.
Appears in 2 contracts
Samples: Agency Agreement (Act Teleconferencing Inc), Agency Agreement (Act Teleconferencing Inc)
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare use its best efforts to cause the Registration Statement and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted any amendment thereof, if not effective at the time and date that this Agreement is executed and delivered by the parties hereto, to become effective as promptly as possible; it will notify you, promptly after it shall receive notice thereof, of effectiveness of the time when the Registration Statement in reliance on Rule 430A and (ii) not file or any subsequent amendment to the Registration Statement has become effective or any supplement to the Prospectus has been filed. If the Company omitted information from the Registration Statement at the time it was originally declared effective in reliance upon Rule 430A(a) , the Company will provide evidence satisfactory to you that the Prospectus contains such information and has been filed, within the time period prescribed, with the Commission pursuant to subparagraph (1) or (4) of which you shall not previously have been advised Rule 424(b) of the Rules and furnished with Regulations or as part of a copy or post-effective amendment to which you shall have reasonably objected in writing or such Registration Statement as originally declared effective which is not in compliance declared effective by the Commission. If for any reason the filing of the final form of Prospectus is required under Rule 424(b)(3) of the Rules and Regulations, it will provide evidence satisfactory to you that the Prospectus contains such information and has been filed with the Securities Act or Commission within the rules and regulations of the Commission.
(b) time period prescribed. The Company will notify you promptly notify the Representatives in the event of (i) the any request by the Commission for amendment the amending or supplementing of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly Promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably your request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission any amendments or supplements to the Registration Statement or Prospectus which, in the reasonable opinion of counsel to the several Underwriters ("Underwriters' Counsel"), may be necessary or advisable in connection with the distribution of the Shares by the Underwriters. The Company will promptly prepare and file with the Commission, and promptly notify you of the filing of, any amendments or supplements to the Registration Statement or Prospectus which may be necessary to correct any statements or omissions, if, at any time when a supplement prospectus relating to the Shares is required to be delivered under the Act, any event shall have occurred as a result of which the Prospectus or any other prospectus relating to the Shares as then in effect would include an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaserunder which they were made, not misleading. If, after In case any Underwriter is required to deliver a prospectus within the public offering nine-month period referred to in Section 10(a)(3) of the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, Act in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the CommissionShares, the Company will submit to youprepare promptly upon request, for your informationbut at the expense of such Underwriter, a copy of any post-effective such amendment or amendments to the Registration Statement and any supplement such prospectus or prospectuses as may be necessary to permit compliance with the Prospectus or any amended Prospectus proposed to be filed.
(frequirements of Section 10(a)(3) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualifiedAct. The Company will from time file no amendment or supplement to time, prepare and file such statements, reports, and other documents as are the Registration Statement or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with the date hereof, the Company will furnish Prospectus that shall not previously have been submitted to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident a reasonable time prior to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and proposed filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing thereof or to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to which you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.shall
Appears in 2 contracts
Samples: Underwriting Agreement (Micro Therapeutics Inc), Underwriting Agreement (Micro Therapeutics Inc)
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or and the rules and regulations of the CommissionCommission thereunder.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, jurisdiction or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.or
Appears in 1 contract
Samples: Underwriting Agreement (Avistar Communications Corp)
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules Rules and regulations of the CommissionRegulations.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible and will also deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement for distribution to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your informationUnderwriters, a copy sufficient number of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you additional conformed copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Samples: Underwriting Agreement (Management Network Group Inc)
Further Agreements of the Company. The Company covenants and agrees with the several Underwriters as follows:
(a) The Company will (i) prepare use its best efforts to cause the Registration Statement, and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted any amendment thereof, if not effective at the time of effectiveness execution of this Agreement, to become effective as promptly as possible. If the Registration Statement has become or becomes effective pursuant to Rule 430A, or filing of the Prospectus is otherwise required under Rule 424(b), the Company will file the Prospectus, properly completed (and in reliance on form and substance reasonably satisfactory to the Underwriters) pursuant to Rule 430A 424(b) within the time period prescribed and will provide evidence satisfactory to the Representatives of such timely filing. The Company will not file the Prospectus, any amended Prospectus, any amendment (including post-effective amendments) to the Registration Statement or any supplement to the Prospectus without (i) advising the Representatives of and, a reasonable time prior to the proposed filing of such amendment or supplement, furnishing the Representatives with copies thereof and (ii) not obtaining the prior consent of the Representatives to such filing. The Company will prepare and file with the Commission, promptly upon the request of the Representatives, any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy that may be necessary or to which you shall have reasonably objected advisable in writing or which is not in compliance connection with the Securities Act or the rules and regulations distribution of the CommissionShares by the Underwriters and use its best efforts to cause the same to become effective as promptly as possible.
(b) The Company will promptly notify advise the Representatives in the event of (i) when the Registration Statement becomes effective, (ii) when any post-effective amendment thereof becomes effective, (iii) of any request by the Commission for any amendment of or supplement to the Registration Statement or for supplement to the Prospectus or for any additional information, (iiiv) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) Statement or the institution or notice of intended institution threatening of any action or proceeding for that purpose, purpose and (ivv) of the receipt by the Company of any notification with respect to the suspension of the registration, qualification or exemption from registration or qualification of the Notes Shares for sale in any jurisdiction, jurisdiction or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort use its best efforts to prevent the issuance of any such a stop order or suspension and, if such an order shall at any time be issued, to obtain as soon as possible the withdrawal thereof at the earliest possible momentthereof.
(c) The Company will (i) on or before the Closing Date, deliver to you each of the Representatives and to Underwriters' counsel a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless and to the extent previously furnished to you)the Representatives) and all documents filed by the Company with the Commission under the Exchange Act and deemed to be incorporated by reference into any Preliminary Prospectus or the Prospectus and will also deliver to the Representatives, for distribution to the several Underwriters, a sufficient number of additional conformed copies of each of the foregoing (excluding exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youeach of the Representatives and send to the several Underwriters, at such office or offices as you the Representatives may designate, as many copies of the Prospectus as you the Representatives may reasonably request, request and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or a dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you the Representatives may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or a dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, necessary to supplement or amend the Prospectus in order to make the Prospectus not misleading or so that the Prospectus will not omit to state a material fact necessary to be stated therein, in the light of the circumstances existing each case at the time it the Prospectus is delivered to a purchaser of the NotesShares, or if it shall be necessary to amend or to supplement the Prospectus to comply with the Securities Act or the Rules and Regulations, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in therein not misleading and so that it then will otherwise comply with the light of Securities Act and the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleadingRules and Regulations. If, after the public offering of the Notes Shares by the Underwriter Underwriters commences and during such period, the Underwriter shall Underwriters propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you the Representatives will advise the Company in writing of the proposed variationvariation and if, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters, such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Shares may be sold by the Underwriter Underwriters to use the Prospectus, as from time to time so amended or supplemented, in connection with the sale of the Notes Shares in accordance with the applicable provisions of the Securities Act and the applicable rules Rules and regulations thereunder Regulations for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when cooperate with the Representatives and as requested by you, Underwriters' counsel in the qualification or registration of the Notes Shares for offer and sale under the securities or blue sky laws of such jurisdictions as you the Representatives may designate and, if applicable, in connection with exemptions from such qualification or registration and, during the period in which a prospectus Prospectus is required by law to be delivered by the an Underwriter or a dealer, in keeping such qualifications qualifications, registrations and exemptions in good standing under said securities or blue sky lawseffect; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify to do business as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, reports and other documents as are or may be required to continue such qualifications qualifications, registrations and exemptions in effect for so long a period as you the Representatives may reasonably request for the distribution of the NotesShares.
(gf) During a period of five years commencing with the date hereofof this Agreement, the Company will promptly furnish to you the Representatives and to each Underwriter who may so request in writing copies of (i) all periodic and special reports furnished by it to stockholders shareholders of the Company and of Company, (ii) all information, documents and reports filed by it with the Commission, Nasdaq National Market, any securities exchange or the NASD, (iii) all press releases and material news items or articles in respect of the Company, its products or affairs released or prepared by the Company (other than promotional and marketing materials disseminated solely to customers and potential customers of the Company in the ordinary course of business) and (iv) any additional information concerning the Company or its business which the Representatives may reasonably request.
(hg) Not As soon as practicable, but not later than the 45th day following the end of the fiscal quarter first occurring ending after the first anniversary of the Effective Date, the Company will make generally available to its security securities holders and furnish to the Representatives an earnings statement or statements in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(ih) The Company agrees that, without Xxx Xxxxxx & Company's prior written consent, the Company will not, and will not allow the Holders to, in each case directly or indirectly, issue, sell, offer, contract to pay all costs and expenses incident sell, grant any option to purchase or otherwise dispose of any shares of Common Stock, or any securities convertible into, exchangeable for or exercisable for Common Stock or any rights to purchase or acquire Common Stock, for a period of 180 days following the performance date of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
excluding only (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") sale of the Registration Statement, any Preliminary Prospectus, Shares to be sold to the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Underwriters pursuant to this Agreement, (ii) the furnishing grant of options to purchase Common Stock (provided that none of such options are or become exercisable during such 180-day period) or the Underwriter issuance of copies shares of any Preliminary Common Stock upon the exercise in accordance with of options previously granted under the Company's presently authorized stock option plans as described in the Prospectus and or in documents incorporated therein, or upon the exercise in accordance with their terms of previously granted warrants which are described in the several Prospectus or in documents required by paragraph (c) of this Section 6 to be so furnishedincorporated therein, (iii) securities issued in future acquisitions accounted for as a purchase (provided that each recipient of such acquisition securities enters into and delivers to Xxx Xxxxxx & Company a lock-up agreement of the printing kind described in Section 1(s) of this Agreement Agreement, but with a 180-day period beginning on the date of such acquisition), and related documents delivered to the Underwriter, (iv) securities issued in future acquisitions accounted for as a pooling of interests (provided that each recipient of such acquisition securities agrees not to dispose of such securities in such a manner or at such a time as would disqualify the preparation, printing transaction for pooling-of-interests accounting treatment).
(i) The Company will establish and filing of maintain all supplements financial control and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificatesfinancial reporting systems customary for well-established public companies, including the transfer agent's feesbut not limited to adequate management information and reporting systems, and will employ and maintain, with adequate staffing levels at headquarters and at each functional division, and at each level of responsibility, an employee staff of well trained and highly qualified financial professionals.
(j) The Company agrees to reimburse you, for will apply the account of net proceeds from the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid offering received by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and it in the review manner set forth under the caption "Use of Proceeds" in the offering by the NASDProspectus.
(k) The Company hereby agrees thatwill, without the prior written consent and at all times for a period of the Underwriter, it will not, during the period ending ninety (90) days at least five years after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of unless such securities are then listed on a national securities exchange, use its best efforts to cause the Common Stock issued under (including the stock option Shares) to be included for quotation on the Nasdaq National Market, and stock purchase plans the Company will comply with all registration, filing, reporting and other requirements of the Company (Exchange Act, the "Stock Plans")national securities exchange, including Common Stock issued upon and the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall Nasdaq National Market which may from time to time be deemed to include any sale to an institution which can, following such sale, sell Common Stock applicable to the public in reliance on Rule 144A.Company.
(l) The Company is familiar will use its best efforts to maintain insurance of the types and in the amounts which it deems adequate for its business consistent with insurance coverage maintained by companies of similar size and engaged in similar businesses including, but not limited to, general liability insurance covering all real and personal property owned or leased by the Company against theft, damage, destruction, acts of vandalism and all other risks customarily insured against.
(m) In accordance with the Investment Warrant Agreement, which the Company Act has executed and delivered, the Company agrees, upon its receipt of 1940, the purchase price therefor (as amended, and has specified in the past conducted its affairsWarrant Agreement), to deliver to Xxx Xxxxxx & Company and will Xxxxxxx Xxxxxx Xxxxx Inc. (individually and not as the Representatives of the Underwriters) on the Closing Date and simultaneously with completion of the purchase and sale of the Firm Shares, Warrants (in the future conduct its affairsform attached as Exhibit A to the Warrant Agreement) representing the right to purchase 112,500 shares of Common Stock at a price equal to 120% of the offering price per share to the public as set forth or to be set forth on the Cover Page of the Prospectus or in the Term Sheet.
(n) The Company will issue no press release prior to or within 70 days after the Closing Date without the Representatives' prior written consent.
(o) Within a reasonable time after the Closing Date, in such a manner not to ensure that exceed 90 days, the Company was not shall supply to the Representatives and will not the Underwriters' counsel, at the Company's cost, such number of bound volumes as may be an "investment company" or a company "controlled" reasonably requested by an "investment company" within such counsel each containing all material documents relating to the meaning offering of the Investment Company Act of 1940, as amended, and the rules and regulations thereunderShares.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such periodperiod referred to above, the Underwriter Underwriters shall propose to vary the terms of the offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules Rules and regulations thereunder Regulations for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky Blue Sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the filing fee of the NASD, (iii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iiiiv) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (ivv) the Company preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (vvi) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vivii) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including reasonable counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The provisions of paragraphs (i) and (j) of this Section are intended to relieve the Underwriters from the payment of the expenses and costs which the Company hereby agrees to pay and shall not affect any agreement which the Company may make, or may have made, for the sharing of any such expenses and costs. Except as provided in paragraphs (i) and (j) of this Section 6, the Underwriters shall pay all of their own expenses, including the fees and disbursements of their counsel (excluding those related to qualification, registration or exemption under the Blue Sky laws, the Blue Sky memorandum and the NASD review referred to above).
(l) The Company hereby agrees that, without the prior written consent of Xxxxxxxxx & Xxxxx LLC on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 180 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, directly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, Stock or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock stock option plans of the Company (the "Option Plans") or upon the exercise of warrants outstanding as of the date hereof, all as described through incorporation by reference under the caption "Capitalization" in the Preliminary Prospectus Prospectus, and (cC) shares of options to purchase Common Stock issued on conversion granted under the Option Plans.
(m) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Stock has been or is likely to be materially adversely affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Notes. For purposes of this paragraph (kProspectus), the Company will, after written notice from you advising the Company to the effect set forth above and subject to the reasonable advice of its counsel, forthwith prepare, consult with you concerning the substance of, and disseminate a sale, offer, press release or other disposition shall be deemed public statement, reasonably satisfactory to include any sale you, responding to an institution which canor commenting on such rumor, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" publication or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunderevent.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees with the several Underwriters as follows:
(a) The Company will use its best efforts to cause the Registration Statement, and any amendment thereof, if not effective at the time of execution of this Agreement, to become effective as promptly as possible. If the Registration Statement has become or becomes effective pursuant to Rule 430A, or filing of the Prospectus is otherwise required under Rule 424(b), the Company will file the Prospectus, properly completed (and in form and substance reasonably satisfactory to the Underwriters) pursuant to Rule 424(b) within the time period prescribed and will provide evidence satisfactory to the Representative of such timely filing. The Company will not file the Prospectus, any amended Prospectus, any amendment (including post-effective amendments) to the Registration Statement or any supplement to the Prospectus without (i) advising the Representative of and, a reasonable time prior to the proposed filing of such amendment or supplement, furnishing the Representative with copies thereof and (ii) obtaining the prior consent of the Representative to such filing. If, in the judgment of the Company, it becomes necessary to amend or supplement the Prospectus, the Company will prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy that may be necessary or to which you shall have reasonably objected advisable in writing or which is not in compliance connection with the Securities Act or the rules and regulations distribution of the CommissionShares by the Underwriters and use its best efforts to cause the same to become effective as promptly as possible.
(b) The Company will promptly notify advise the Representatives in the event of Representative (i) when the Registration Statement becomes effective, (ii) when any post-effective amendment thereof becomes effective, (iii) of any request by the Commission for any amendment of or supplement to the Registration Statement or for supplement to the Prospectus or for any additional information, (iiiv) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) Statement or the institution or notice of intended institution threatening of any action or proceeding for that purpose, purpose and (ivv) of the receipt by the Company of any notification with respect to the suspension of the registration, qualification or exemption from registration or qualification of the Notes Shares for sale in any jurisdiction, jurisdiction or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort use its best efforts to prevent the issuance of any such a stop order or suspension and, if such an order shall at any time be issued, to obtain as soon as possible the withdrawal thereof at the earliest possible momentthereof.
(c) The Company will (i) on or before the Closing Date, deliver to you the Representative and to Underwriters' counsel a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless and to the extent previously furnished to you)the Representative) and all documents filed by the Company with the Commission under the Exchange Act and deemed to be incorporated by reference into any Preliminary Prospectus or the Prospectus and will also deliver to the Representative, for distribution to the several Underwriters, a sufficient number of additional conformed copies of each of the foregoing (excluding exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youthe Representative and send to the several Underwriters, at such office or offices as you the Representative may designate, as many copies of the Prospectus as you the Representative may reasonably request, request and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealeran Underwriter, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you the Representative may reasonably request for the purposes contemplated by the Securities Act.
(d) If If, in the judgment of the Company, at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, necessary to supplement or amend the Prospectus in order to make the Prospectus not misleading or so that the Prospectus will not omit to state a material fact necessary to be stated therein, in the light of the circumstances existing each case at the time it the Prospectus is delivered to a purchaser of the NotesShares, or if it shall be necessary to amend or to supplement the Prospectus to comply with the Securities Act or the Rules and Regulations, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in therein not misleading and so that it then will otherwise comply with the light of Securities Act and the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleadingRules and Regulations. If, after the public offering of the Notes Shares by the Underwriter Underwriters commences and during such period, the Underwriter shall Underwriters propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you the Representative will advise the Company in writing of the proposed variationvariation and if, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters, such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Shares may be sold by the Underwriter Underwriters to use the Prospectus, as from time to time so amended or supplemented, in connection with the sale of the Notes Shares in accordance with the applicable provisions of the Securities Act and the applicable rules Rules and regulations thereunder Regulations for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when cooperate with the Representative's and as requested by you, Underwriters' counsel in the qualification or registration of the Notes Shares for offer and sale under the securities or blue sky laws of such jurisdictions as you the Representative may designate and, if applicable, in connection with exemptions from such qualification or registration and, during the period in which a prospectus Prospectus is required by law to be delivered by the an Underwriter or a dealer, in keeping such qualifications qualifications, registrations and exemptions in good standing under said securities or blue sky lawseffect; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify to do business as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, reports and other documents as are or may be required to continue such qualifications qualifications, registrations and exemptions in effect for so long a period as you the Representative may reasonably request for the distribution of the NotesShares.
(gf) During a period of five years commencing with the date hereofof this Agreement, the Company will promptly furnish to you the Representative and to each Underwriter who may so request in writing copies of (i) all periodic and special reports furnished by it to stockholders shareholders of the Company and of Company, (ii) all information, documents and reports filed by it with the Commission, the Nasdaq National Market, any securities exchange or the NASD, (iii) all material press releases and material news items or articles in respect of the Company, its products or affairs released or prepared by the Company (other than promotional and marketing materials disseminated solely to customers and potential customers of the Company in the ordinary course of business) and (iv) any additional information concerning the Company or its business which the Representative may reasonably request.
(hg) Not As soon as practicable, but not later than the 45th day following the end of the fiscal quarter first occurring ending after the first anniversary of the Effective Date, the Company will make generally available to its security securities holders and furnish to the Representative an earnings statement or statements in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(h) The Company agrees that, without Wedbush's prior written consent, the Company will not, and to the extent it has any ability to control the actions of Holders, will not allow the Holders to, in each case directly or indirectly, offer, sell, grant any option to purchase, contract to sell, or otherwise sell or dispose of any shares of Common Stock, or any securities convertible into or exchangeable for shares of Common Stock for a period of 180 days following the date of this Agreement, excluding only (i) the sale of the Shares to be sold to the Underwriters pursuant to this Agreement and (ii) the grant by the Company of options to purchase Common Stock (provided that none of such options are or become exercisable during such 180-day period) or the issuance by the Company of shares of Common Stock upon the exercise in accordance with options previously granted under the Company's presently authorized stock option plans as described in the Prospectus or in documents incorporated therein, or upon the exercise in accordance with their terms of previously granted warrants which are described in the Prospectus or in documents incorporated therein.
(i) The Company agrees to pay will establish and maintain all costs financial control and expenses incident to the performance of its obligations under this Agreement and the Indenturefinancial reporting systems customary for well-established public companies, including all costs but not limited to adequate management information and expenses incident
(i) the preparationreporting systems, printing and filing will employ and maintain, with the Commission adequate staffing levels at headquarters and the National Association at each significant Subsidiary or significant functional division, and at each level of Securities Dealersresponsibility, Inc. ("NASD") an employee staff of the Registration Statement, any Preliminary Prospectus, the Prospectus well trained and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's feeshighly qualified financial professionals.
(j) The Company agrees to reimburse you, for will apply the account of net proceeds from the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid offering received by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and it in the review manner set forth under the caption "Use of Proceeds" in the offering by the NASDProspectus.
(k) The Company hereby agrees thatwill, and at all times for a period of at least five years after the date of this Agreement, unless such securities are then listed on a national securities exchange, use its best efforts to cause the Common Stock (including the Shares) to be included for listing on the Nasdaq National Market, and the Company will comply with all registration, filing, reporting and other requirements within its control of the Exchange Act and the Nasdaq National Market which may from time to time be applicable to the Company.
(l) The Company will use commercially reasonable efforts to maintain insurance of the types and in the amounts which it deems adequate for its business consistent with insurance coverage maintained by companies of similar size and engaged in similar businesses including, but not limited to, general liability insurance covering all real and personal property owned or leased by the Company against theft, damage, destruction, acts of vandalism and all other risks customarily insured against.
(m) The Company will issue no press release prior to the purchase by the Underwriters of all of the Option Shares or within 45 days after the Closing Date, whichever is earlier, without prior consultation with Wedbush with respect to the contents thereof.
(n) Within 90 days of the Closing Date, the Company will furnish the Representative with four bound volumes which shall be standard for an underwriting transaction of the type contemplated by this Agreement.
(o) The Company will comply in all material respects with the provisions of the undertakings contained in the Registration Statement.
(p) The Company has not and will not, without the prior written consent of the UnderwriterRepresentative, it will not, during seek any exemption from the period ending ninety (90) days after requirements for inclusion on the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.Nasdaq National Market.
(lq) The Company is familiar will take all steps necessary to comply with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning requirements of the Investment Company Act NASD in connection with the issuance and sale of 1940, as amended, and the rules and regulations thereunderShares.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any pre-effective or post-effective amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify advise the Representatives in the event of promptly, (i) when any amendment to the Registration Statement has been filed or becomes effective, (ii) when any supplement to the Prospectus or any amended Prospectus has been filed and to furnish the Representatives with copies thereof, (iii) of any request by the Commission for any amendment of to the Registration Statement or for any amendment or supplement to the Prospectus or for any additional information, (iiiv) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution Statement or notice of intended institution of any action order preventing or suspending the use of any preliminary prospectus or the Prospectus or the initiation or threatening of any proceeding for that purpose, and (ivv) of the receipt by the Company of any notification with respect to the any suspension of the qualification of the Notes Shares for offer and sale in any jurisdiction, jurisdiction or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every ; and to use commercially reasonable effort efforts to prevent the issuance of any such a stop order, or of any order preventing or suspending the use of any preliminary prospectus or the Prospectus, or of any order suspending any such qualification of the Shares, or notification of any such order thereof and, if such an order shall at any time be issued, to obtain as soon as possible the withdrawal thereof at the earliest possible momentthereof.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy five copies of the Registration Statement as originally filed and of each amendment thereto filed prior to and including the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If If, at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer dealer, any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesShares, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Shares may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Shares for so long as required by the Securities Act and in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder thereunder, for such period; provided that if any Underwriter or dealer is required to deliver a prospectus in connection with the sale of the Shares at any time nine months or more after the date of the Prospectus, such supplements, amendments, filing and delivery shall be at the expense of such Underwriter or dealer.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Shares for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualifiedqualified or where it would be subject to taxation as a foreign corporation. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesShares.
(gf) During a period of five years commencing with the date hereof, the The Company will furnish agrees to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders and the Representatives as soon as practicable, an earnings statement in accordance with that satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 thereunderof the Commission promulgated thereunder covering a period of at least twelve months beginning with the first fiscal quarter of the Company occurring after the "effective date" (as defined in Rule 158) of the Registration Statement.
(ig) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement, whether or not the transactions contemplated in this Agreement and the Indentureare consummated or this Agreement is terminated, including all costs and expenses incident
incident to (i) the fees, disbursements and expenses of the Company's counsel and the Company's accountants in connection with the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary preliminary prospectus and the Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")including all printing costs associated therewith, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus preliminary prospectus and of the several documents required by paragraph (cSection 6(c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph Section6(d), (d) iv)the listing of this Section 6 and the T-1Shares on the New York Stock Exchange, (v) the furnishing making generally available to you of the reports and information referred to in paragraph (g) of this Section 6 and Section6(f), (vi) the transfer and delivery of the Shares to the Underwriters, including any transfer or other taxes payable thereon and the printing and issuance of the Indenture and the note share certificates, including the any fees of any transfer agent's fees, registrar or depositary, (vii) the investor presentations on any "road show" undertaken in connection with the marketing of the offering of the Shares, including without limitation, expenses associated with the production of road show slides and graphics, fees and expenses of any consultants engaged in connection with the road show presentations with the prior approval of the Company, travel and lodging expenses of the representatives and officers of the Company and any such consultants, and the cost of any aircraft chartered in connection with the road show and (viii) all other costs and expenses incident to the performance of the obligations of the Company hereunder for which provision is not otherwise made in this Section 6. Except as set forth in Sections 6(g) and 6(h), the underwriters pay all of their own fees and expenses, including counsel fees and disbursements (excluding those set forth in Section 6(h)).
(jh) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including reasonable counsel fees and disbursements and cost of printing memoranda for the Underwriterdisbursements) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Shares under state securities or blue sky laws, in conducting a legal investment survey laws and in the review and qualification of the offering by the National Association of Securities Dealers, Inc. (the "NASD").
(ki) The Company hereby agrees that, without the prior written consent of J.P. Morgan Securities Inc. on behalf of the UnderwriterUnderwriters, it will the Compaxx xxxx not, during (i) for a period of 180 days from the period ending ninety (90) days after the effective date of the final Prospectus for the public offeringRegistration Statement, (1) directly or indirectly, offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock Shares or any securities convertible into or exercisable or exchangeable for Common Stock, Shares or (2ii) enter into any swap or similar other agreement that transfers, in whole transfers all or in part, a portion of the economic risk of consequences associated with the ownership of the Common Stock, Shares or such other securities whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock Shares or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes to be sold sale of any Common Shares to the Underwriter Underwriters pursuant to this the Underwriting Agreement, and (bB) shares the issuance by the Company of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued Shares upon the exercise of options granted an option, a warrant or an award or the conversion of a security outstanding on the date of the Prospectus of which the Underwriters have been advised in writing, (C) the issuance by the Company of any option, restricted share units, restricted shares, awards or Common Shares pursuant to the Company's executive share purchase plan, the employee share purchase plan, the equity incentive plan, 401(k) plans and the stock option plan, provided that any Common Shares that may be issued under such plans are subject to the Stock Plans, all as described through incorporation by reference restrictions set forth in the Preliminary Prospectus clause (i) and (cii), and (D) the issuance by the Company of Common Shares or other securities in connection with the acquisition of any business, facilities or other assets, including the issuance of Common Shares or other securities in connection with employment arrangements relating to any such acquisition, provided that the Common Shares issued in connection with any acquisition shall be subject to the restrictions set forth in clause (i) and (ii).
(j) The Company agrees to use its best efforts to cause all directors, officers, and the holders of Common Shares listed on Schedule II hereto to (ii) agree that, without the prior written consent of J.P. Morgan Securities Inc. on behalf of the Underwriters, such persxx xx xxxxxy will not, (A) for a period of 180 days from the effective date of the Registration Statement, directly or indirectly, offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase or otherwise transfer or dispose of any Common Shares or any securities convertible into or exchangeable for Common Shares or (B) enter into any swap or other agreement that transfers all or a portion of the economic consequences associated with the ownership of the Common Shares or such other securities whether any such transaction described above is to be settled by delivery of Common Shares or such other securities, in cash or otherwise and (ii) agree to waive any rights held by such person or entity to sell shares of Common Stock Shares or any other security issued on conversion of by the Notes. For purposes of this paragraph (k), a sale, offer, Company pursuant to the Registration Statement and any rights to require the Company to register under the Securities Act such Common Shares or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that securities issued by the Company was not and will not be an "investment company" or beneficially owned by them for a company "controlled" by an "investment company" within period of 180 days from the meaning effective date of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.the
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees with the several Underwriters as follows:
(a) The Company will (i) prepare use its best efforts to cause the Registration Statement, and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted any amendment thereof, if not effective at the time of effectiveness execution of this Agreement, to become effective as promptly as possible. If the Registration Statement has become or becomes effective pursuant to Rule 430A, or filing of the Prospectus is otherwise required under Rule 424(b), the Company will file the Prospectus, properly completed (and in form and substance reasonably satisfactory to the Underwriters) pursuant to Rule 424(b) within the time period prescribed and will provide evidence satisfactory to the Representative of such timely filing. The Company will not file the Prospectus, any amended Prospectus, any amendment (including post-effective amendments) of the Registration Statement in reliance on Rule 430A and (ii) not file or any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with without (i) advising the Securities Act or the rules and regulations Representative of the Commission.proposed filing of such amendment or supplement and, a reasonable time prior to the proposed filing,
(b) The Company will promptly notify advise the Representatives in the event of Representative (i) when the Registration Statement becomes effective, (ii) when any post-effective amendment thereof becomes effective, (iii) of any request by the Commission for any amendment of or supplement to the Registration Statement or for supplement to the Prospectus or for any additional information, (iiiv) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) Statement or the institution or notice of intended institution threatening of any action or proceeding for that purpose, and (ivv) of the receipt by the Company of any notification with respect to the suspension of the registration, qualification or exemption from registration or qualification of the Notes Securities for sale in any jurisdiction, jurisdiction or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort use its best efforts to prevent the issuance of any such a stop order or suspension and, if such an order shall at any time be issued, to obtain as soon as possible the withdrawal thereof at the earliest possible momentthereof.
(c) The Company will (i) on or before the Closing Date, deliver to you the Representative and its counsel a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)the Representative) and will also deliver to the Representative for distribution to the several Underwriters, a sufficient number of additional conformed copies of each of the foregoing (excluding exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youthe Representative and send to the several Underwriters, at such office or offices as you the Representative may designate, as many copies of the Prospectus as you the Representative may reasonably request, request and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or a dealer, likewise to send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you the Representative may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or a dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, necessary to supplement or amend the Prospectus in order to make the Prospectus not misleading or so that the Prospectus will not omit to state a material fact necessary to be stated therein, in the light of the circumstances existing each case at the time it the Prospectus is delivered to a purchaser of the NotesSecurities, or if it shall be necessary to amend or to supplement the Prospectus to comply with the Securities Act or the Rules and Regulations, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.prepare
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when cooperate with the Representative and as requested by you, its counsel in the qualification or registration of the Notes Securities for offer and sale under the securities or blue sky laws of such jurisdictions as you the Representative may designate and, if applicable, in connection with exemptions from such qualification or registration and, during the period in which a prospectus Prospectus is required by law to be delivered by the an Underwriter or a dealer, in keeping such qualifications qualifications, registrations and exemptions in good standing under said securities or blue sky lawseffect; PROVIDEDprovided, HOWEVERhowever, that that, other than the appointment of a United States representative as required by the Securities Act, the Company shall not be obligated to file any general consent to service of process or to qualify to do business as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, reports and other documents as are or may be required to continue such qualifications qualifications, registrations and exemptions in effect for so long a period as you the Representative may reasonably request for the distribution of the NotesSecurities.
(gf) During a period of five years commencing with the date hereofof this Agreement, the Company will promptly furnish to you the Representative and to each Underwriter who may so request in writing copies of (i) all periodic and special reports furnished by it to stockholders shareholders of the Company and of Company, (ii) all information, documents and reports filed by it with the Commission, any securities exchange on which any securities of the Company are then listed, the Nasdaq National Market or the NASD, (iii) all press releases and material news items or articles in respect of the Company or its affairs released or prepared by the Company (other than promotional and marketing materials disseminated solely to customers and potential customers of the Company in the ordinary course of business) and (iv) any additional information concerning the Company or its business which the Representative may reasonably request.
(hg) Not As soon as practicable, but not later than the 45th day following the end of the fiscal quarter first occurring ending after the first anniversary of the Effective Date, the the
(h) The Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) apply the net proceeds from the offering of the Securities Act and Rule 158 thereunderin the manner set forth under the caption "Use of Proceeds" in the Prospectus.
(i) The Company agrees to pay will comply with all costs and expenses incident to the performance provisions of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of undertakings contained in the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees will, and at all times for a period of at least five years after the date of this Agreement, cause the Securities to reimburse yoube listed on the Nasdaq National Market, for and the account Company will comply with all registration, filing, reporting and other requirements of the several UnderwriterExchange Act and the Nasdaq National Market which may from time to time be applicable to the Securities, for blue sky fees the Ordinary Shares and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASDCompany.
(k) The Company hereby agrees that, without the prior written consent will use its best efforts to maintain insurance of the Underwritertypes and in the amounts which it deems adequate for its business consistent with insurance coverage maintained by companies of similar size and engaged in similar businesses, it will notincluding, during the period ending ninety (90) days after the date of the final Prospectus for the public offeringbut not limited to, (1) offer, pledge, sell, contract to sell, sell any option product liability insurance and general liability insurance covering all real and personal property owned or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled leased by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans")against theft, including Common Stock issued upon the exercise damage, destruction, acts of options granted under the Stock Plans, vandalism and all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.risks customarily insured against.
(l) The Company is familiar will issue no press release prior to the Closing Date with respect to the Investment offering without the Representative's prior written consent.
(m) The Company Act shall not effect a change in its accounting firm to any other firm other than a "big six" accounting firm for a period of 1940, as amended, and has in three years from the past conducted its affairs, and will in date of this Agreement without the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning written consent of the Investment Company Act of 1940, as amended, and the rules and regulations thereunderRepresentative.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and also agrees as followswith each Underwriter that:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of it will, if the Registration Statement in reliance on Rule 430A and (ii) has not heretofore become effective under the Act, file any an amendment to the Registration Statement or supplement or, if necessary pursuant to Rule 430A under the Act, a post-effective amendment to the Prospectus Registration Statement, as soon as practicable after the execution and delivery of which you shall not previously have been advised this Agreement, and furnished with will use its best efforts to cause the Registration Statement or such post-effective amendment to become effective at the earliest possible time; and the Company will comply fully and in a copy or to which you shall have reasonably objected in writing or which is not in compliance timely manner with the Securities Act or applicable provisions of Rule 424(b) and Rule 430A under the rules and regulations of the Commission.Act;
(b) The Company it will advise you promptly notify the Representatives and, if requested by you, confirm such advice in the event of writing, (i) when the request Registration Statement has become effective, if and when the Prospectus is sent for filing pursuant to Rule 424 under the Act and when any post-effective amendment to the Registration Statement becomes effective, (ii) of the receipt of any comments from the Commission that relate to the Registration Statement or requests by the Commission for amendment of amendments to the Registration Statement or for supplement amendments or supplements to the Prospectus or for any additional information, (iiiii) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Shares for offering or sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if anyor, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies best knowledge of the Prospectus as you may reasonably requestCompany, threat of any proceedings for such purpose by the Commission or any state securities commission or other regulatory authority, and (iiiiv) thereafter from time to time of the happening of any event or information becoming known during the period referred to in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of paragraph (e) below that makes any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact made in the Registration Statement untrue or omit that requires the making of any additions to state any material fact necessary or changes in the Registration Statement (as amended or supplemented from time to time) in order to make the statements therein, therein not misleading or that makes any statement of a material fact made in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Prospectus, (as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will supplemented from time to time, prepare and file such statements, reports, and other documents ) untrue or that requires the making of any additions to or changes in the Prospectus (as are amended or may be required supplemented from time to continue such qualifications time) in effect for so long a period as you may reasonably request for distribution of order to make the Notes.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with statements therein not misleading; if at any time the Commission and shall issue or institute proceedings (or threaten to institute any such proceedings) to issue any stop order suspending the National Association of Securities Dealers, Inc. ("NASD") effectiveness of the Registration Statement, or any Preliminary Prospectus, state securities commission or other regulatory authority shall issue or institute proceedings (or threaten to institute proceedings) to issue an order suspending the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and qualification or exemption of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes Shares under any state securities or blue sky Blue Sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (shall use its best efforts to obtain the "Stock Plans"), including Common Stock issued upon withdrawal or lifting of such order at the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.earliest possible time;
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders shareholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its the obligations of the Company and the Selling Securityholders under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's agents fees. The Selling Securityholders will pay any transfer taxes incident to the transfer to the Underwriters of the shares of Stock being sold by the Selling Securityholders.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Xxxxxxxxx & Xxxxx LLC on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 180 days following the period ending ninety (90) days after the effective date of the final Prospectus for the public offeringRegistration Statement, (1) offer, pledgedirectly or indirectly, sell, offer, contract to sell, sell transfer the economic risk of ownership in, make any option or contract to purchaseshort sale, purchase any option or contract to sell, grant any option, right or warrant to purchase, pledge or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) Common Stock or options to purchase Common Stock or other equity incentives granted under the Option Plans, (C) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock PlansOption Plans or upon the exercise of warrants outstanding as of the date hereof, all as described through incorporation by reference in the Preliminary Prospectus and (cD) shares capital stock issued in connection with acquisitions entered into by the Company, provided that the Company shall notify Xxxxxxxxx & Xxxxx LLC of Common Stock issued on conversion such proposed acquisitions at least five (5) business days prior to entering into a legally binding letter of the Notes. For purposes of this paragraph (k), intent or a sale, offer, or other disposition shall be deemed definitive agreement with respect to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.acquisitions.
(l) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Stock has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Prospectus), the Company will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and disseminate a press release or other public statement, reasonably satisfactory to you, responding to or commenting on such rumor, publication or event.
(m) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely if it has not done so already, file a Rule 462(b) Registration Statement with the Commission under in compliance with such Rule 424(b) a Prospectus containing information previously omitted by 5:00 p.m., Washington D.C. time, on the date of this Agreement and, at the time of effectiveness such filing, pay the Commission the requisite filing fee therefor or give irrevocable instructions for such payment pursuant to Rule 111(b) under the Securities Act, (ii) prepare a Prospectus and Prospectus Supplement, in a form approved by Xxxxxxxxx & Xxxxx LLP, and file the same pursuant to Rule 424(b) under the Securities Act not later than the Commission's close of business on the Registration Statement in reliance on second business day following the execution and delivery of this Agreement, or, if applicable, such earlier time as may be required by Rule 430A 430A(a)(3) under the Securities Act, and (iiiii) not file any amendment to of the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, jurisdiction or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a and counsel to the Underwriter signed copy copies of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to youyou and all Incorporated Documents), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Samples: Underwriting Agreement (Emisphere Technologies Inc)
Further Agreements of the Company. The Company covenants and agrees as followswith you:
(a) The Company will To advise you promptly and, if requested by you, to confirm such advice in writing, (i) prepare and timely file with of any request by the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment for amendments to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy amendments or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement supplements to the Prospectus or for any additional information, (ii) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution Statement or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Shares for offering or sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purposepurposes, (iii) when any amendment to the Registration Statement becomes effective, (iv) if the Company is required to file a Rule 462(b) Registration Statement after the effectiveness of this Agreement, when the Rule 462(b) Registration Statement has become effective and (v) of the happening of any event during the period referred to in Section 5A(d) below which makes any statement of a material fact made in the Registration Statement or the Prospectus untrue or which requires any additions to or changes in the Registration Statement or the Prospectus in order to make the statements therein not misleading. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall If at any time be issuedthe Commission shall issue any stop order suspending the effectiveness of the Registration Statement, the Company will use its best efforts to obtain the withdrawal thereof or lifting of such order at the earliest possible momenttime.
(b) To furnish to you four (4) signed copies of the Registration Statement as first filed with the Commission and of each amendment to it, including all exhibits, and to furnish to you and each Underwriter designated by you such number of conformed copies of the Registration Statement as so filed and of each amendment to it, without exhibits, as you may reasonably request.
(c) The Company will (iTo prepare the Prospectus, the form and substance of which shall be satisfactory to you, and to file the Prospectus in such form with the Commission within the applicable period specified in Rule 424(b) on or before under the Closing DateAct; or, deliver to you a signed copy if applicable such earlier time as may be required by Rule 430(a)(3) of the Registration Statement as originally filed and of each Act; during the period specified in Section 5A(d) below, not to file any further amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together withand not to make any amendment or supplement to the Prospectus of which you shall not previously have been advised or to which you shall reasonably object after being so advised; and, during such period, to prepare and file with the Commission, promptly upon your reasonable request, any amendment to the Registration Statement or amendment or supplement to the Prospectus which may be necessary or advisable in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to connection with the distribution of the Shares by you, at and to use its best efforts to cause any such office or offices as you may designateamendment to the Registration Statement to become promptly effective.
(d) Prior to 10:00 A.M., as many copies New York City time, on the first business day after the date of the Prospectus as you may reasonably request, this Agreement and (iii) thereafter from time to time during thereafter for such period as in the period in which opinion of counsel for the Underwriters a prospectus is required by law to be delivered in connection with sales by the an Underwriter or a dealer, likewise send to you furnish in New York City to each Underwriter and any dealer as many additional copies of the Prospectus (and as many copies of any amendment or supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, ) as you such Underwriter or dealer may reasonably request for the purposes contemplated by the Securities Actrequest.
(de) If at any time during the period specified in which a prospectus is required by law to be delivered by the Underwriter or dealer Section 5A(d), any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur or condition shall exist as a result of which it is necessarywhich, in the opinion of counsel for the Company Underwriters, it becomes necessary to amend or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at when the time such Prospectus is delivered to such a purchaser, not misleading. If, after the public offering of the Notes by the Underwriter and during such periodor if, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company Underwriters, it is necessary to amend or of counsel for the Underwriter such proposed variation requires that supplement the Prospectus be supplemented or amendedto comply with applicable law, the Company will forthwith to prepare and file with the Commission a an appropriate amendment or supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes so that the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use statements in the Prospectus, as from time to time so amended or supplemented, will not in connection with the sale light of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commissioncircumstances when it is so delivered, the Company will submit to yoube misleading, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to or so that the Prospectus will comply with applicable law, and to furnish to each Underwriter and to any dealer as many copies thereof as such Underwriter or any amended Prospectus proposed to be fileddealer may reasonably request.
(f) The Company will cooperatePrior to any public offering of the Shares, when to cooperate with you and as requested by you, counsel for the Underwriters in connection with the registration or qualification of the Notes Shares for offer and sale by the several Underwriters and by dealers under the state securities or blue sky Blue Sky laws of such jurisdictions as you may designate andrequest, during to continue such registration or qualification in effect so long as required for distribution of the period Shares and to file such consents to service of process or other documents as may reasonably be necessary in which a prospectus is required by law order to be delivered by the Underwriter effect such registration or dealerqualification; provided, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or required in connection therewith to qualify as a foreign corporation in any jurisdiction in which it is not now so qualified. The Company will from time qualified or to timetake any action that would subject it to general consent to service of process or taxation other than as to matters and transactions relating to the Prospectus, prepare and file such statementsthe Registration Statement, reports, and other documents as are any preliminary prospectus or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution the offering or sale of the NotesShares, in any jurisdiction in which it is not now so subject.
(g) During a To mail and make generally available to its stockholders as soon as practicable an earnings statement covering the applicable period that shall satisfy the provisions of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders Section 11(a) of the Company Act, and of all information, documents and reports filed with Commissionto advise you in writing when such statement has been so made available.
(h) Not later than During the 45th day following period of three years after the end date of this Agreement, to furnish to you as soon as available copies of all reports or other communications furnished to the record holders of Common Stock or furnished to or filed with the Commission or any national securities exchange on which any class of securities of the fiscal quarter first occurring after the first anniversary of the Effective Date, Company is listed and such other publicly available information concerning the Company will make generally available to and its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereundersubsidiaries as you may reasonably request.
(i) The Company agrees Whether or not the transactions contemplated in this Agreement are consummated or this Agreement is terminated, to pay or cause to be paid all expenses incident to the performance of the Sellers' obligations under this Agreement, including: (i) the fees, disbursements and expenses of the Company's counsel, the Company's accountants and any Selling Stockholder's counsel (in addition to the Company's counsel) in connection with the registration and delivery of the Shares under the Act and all other fees and expenses in connection with the preparation, printing, filing and distribution of the Registration Statement (including financial statements and exhibits), any preliminary prospectus, the Prospectus and all amendments and supplements to any of the foregoing, including the mailing and delivering of copies thereof to the Underwriters and dealers in the quantities specified herein, (ii) all costs and expenses related to the transfer and delivery of the Shares to the Underwriters, including any transfer or other taxes payable thereon, (iii) all costs of printing or producing this Agreement and any other agreements or documents in connection with the offering, purchase, sale or delivery of the Shares, (iv) all expenses in connection with the registration or qualification of the Shares for offer and sale under the securities or Blue Sky laws of the several states and all costs of printing or producing any Preliminary and Supplemental Blue Sky Memoranda in connection therewith (including the filing fees and fees and disbursements of counsel for the Underwriters in connection with such registration or qualification and memoranda relating thereto), (v) the filing fees and disbursements of counsel for the Underwriters in connection with the review and clearance of the offering of the Shares by the National Association of Securities Dealers, Inc., (vi) all costs and expenses incident to the listing of the Shares on The Nasdaq National Market, (vii) the cost of printing certificates representing the Shares, (viii) the costs and charges of any transfer agent, registrar and/or depositary, (ix) any travel expenses of the Company's officers and employees and any other expenses of the Company in connection with attending or hosting meetings with the prospective purchasers of the Shares, and (x) all other costs and expenses incident to the performance of its the obligations under this Agreement of the Company and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed Selling Stockholders hereunder for which provision is not otherwise made in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) this Section. The provisions of this Section 6 to be so furnished, (iii) shall not supersede or otherwise affect any agreement that the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 Company and the T-1, (v) the furnishing to you Selling Stockholders may otherwise have for allocation of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's feessuch expenses among themselves.
(j) To use its best efforts to list for quotation the Shares on The Company agrees Nasdaq National Market and to reimburse you, for maintain the account listing of the several Underwriter, Shares on The Nasdaq National Market for blue sky fees and related disbursements and costs a period of a legal investment survey (including counsel fees and disbursements and cost three years after the date of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASDthis Agreement.
(k) To use its best efforts to do and perform all things required or necessary to be done and performed under this Agreement by the Company prior to the Closing Date or any Option Closing Date, as the case may be, and to satisfy all conditions precedent to the delivery of the Shares.
(l) If the Registration Statement at the time of the effectiveness of this Agreement does not cover all of the Shares, to file a Rule 462(b) Registration Statement with the Commission registering the Shares not so covered in compliance with Rule 462(b) by 10:00 P.M., New York City time, on the date of this Agreement and to pay to the Commission the filing fee for such Rule 462(b) Registration Statement at the time of the filing thereof or to give irrevocable instructions for the payment of such fee pursuant to Rule 111(b) under the Act.
(m) For the period commencing on the date of this Agreement and ending immediately after the close of trading of the Common Stock on the ninetieth (90th) day after the date of the Prospectus (the "Lock-Up Period"), not to, directly or indirectly, offer to sell, contract to sell, or otherwise sell, dispose of, loan, pledge or grant any rights with respect to (collectively, a "Disposition"), or publicly disclose the intention to make any such Disposition of, any shares of Common Stock or securities convertible into or exchangeable or exercisable for Common Stock (collectively, the "Securities"), except (i) awards of stock options pursuant to the Company's existing stock option plans; (ii) issuances of shares of Common Stock upon the exercise of an option or warrant or the conversion of a security outstanding on the date hereof; (iii) issuances of shares of Common Stock in connection with employee subscriptions under the Company's Employee Stock Purchase Plan; (iv) issuances of Securities in acquisitions by the Company of other businesses in which the acquirors of such Securities agree to the restrictions during the Lock-Up Period equivalent to those applicable to the Selling Stockholders set forth below; (v) sales of Firm Shares and Additional Shares pursuant to this Agreement; or (vi) with the prior written consent of Xxxxxx Brothers Inc. The foregoing restriction is expressly agreed to preclude the Company from engaging in any hedging, swap, derivatives, forward, future, or other transaction which is designed to or reasonably expected to lead to or result in a Disposition of Securities during the Lock-up Period, even if Securities would be disposed of by someone other than the Company. Such prohibited hedging or other transactions would include, without limitation, any short sale (whether or not against the box) or any purchase, sale or grant of any right (including, without limitation, any put or call option) with respect to any Securities or with respect to any security (other than a broad-based market basket or index) that included, relates to or derives any significant part of its value from Securities. The Company hereby also agrees thatnot to file any registration statement with respect to any Securities, whether for issuance and sale by the Company or for resale by the holders thereof, during the Lock-Up Period, without the prior written consent of Xxxxxx Brothers Inc.
(n) Prior to or concurrently with the Underwriterexecution of this Agreement, it deliver an agreement in substantially the form requested by the Representatives, executed by (i) each Selling Stockholder, (ii) each of the directors and officers of the Company who is not a Selling Stockholder and (iii) each stockholder and option holder listed on Schedule III hereto to the effect that such person will not, during the period ending ninety Lock-Up Period, without the prior written consent of Xxxxxx Brothers Inc., (90A) days after the date engage in any of the final Prospectus for transactions of the public offering, (1type described in Section 5B(a) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchasebelow, or otherwise transfer (B) make any demand for, or dispose ofexercise any right with respect to, directly or indirectly, the registration of any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunderSecurities.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as followswith the Placement Agent that:
(a) The Company will (i) prepare Registration Statement has become effective, and timely file with if Rule 430A is used or the Commission filing of the Prospectus is otherwise required under Rule 424(b) a ), the Company will file the Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on (properly completed if Rule 430A has been used) pursuant to Rule 424(b) within the prescribed time period and (ii) not file any amendment will provide a copy of such filing to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the CommissionPlacement Agent promptly following such filing.
(b) The Company will promptly not, during such period as the Prospectus would be required by law to be delivered in connection with sales of the Shares by an underwriter or dealer in connection with the offering contemplated by this Agreement, file any amendment or supplement to the Registration Statement or the Prospectus, except as required by law, unless a copy thereof shall first have been submitted to the Placement Agent within a reasonable period of time prior to the filing thereof and the Placement Agent shall not have reasonably objected thereto in good faith.
(c) The Company will notify the Representatives Placement Agent promptly, and will, if requested, confirm such notification in writing, (1) when any post-effective amendment to the event Registration Statement becomes effective, but only during the period mentioned in Section 4(b); (2) of (i) the any request by the Commission for amendment of any amendments to the Registration Statement or for supplement any amendment or supplements to the Prospectus or for any additional information, but only during the period mentioned in Section 4(b); (ii3) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) Statement or the institution or notice of intended institution initiation of any action or proceeding proceedings for that purposepurpose or the threat thereof, but only during the period mentioned in Section 4(b); (iv4) of becoming aware of the occurrence of any event during the period mentioned in Section 4(b) that in the judgment of the Company makes any statement made in the Registration Statement or the Prospectus untrue in any material respect or that requires the making of any changes in the Registration Statement or the Prospectus in order to make the statements therein, in light of the circumstances in which they are made, not misleading; and (5) of receipt by the Company of any notification with respect to the any suspension of the qualification of the Notes Shares for offer and sale in any jurisdiction, or (v) . If at any time the receipt by it of notice Commission shall issue any order suspending the effectiveness of the initiation or threatening of any proceeding for such purpose. The Registration Statement in connection with the offering contemplated hereby, the Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof of any such order at the earliest possible moment.
(c) The . If the Company will (i) on or before the Closing Date, deliver to you a signed copy of has omitted any information from the Registration Statement as originally filed and of each amendment thereto filed prior Statement, pursuant to the time the Registration Statement becomes effective andRule 430A, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, it will use its best efforts to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company comply with the Commission, as you may reasonably request for provisions of and make all requisite filings with the purposes contemplated by Commission pursuant to said Rule 430A and to notify the Securities ActPlacement Agent promptly of all such filings.
(d) If If, at any time during when a Prospectus relating to the period in which a prospectus Shares is required by law to be delivered by under the Underwriter or dealer Act, the Company becomes aware of the occurrence of any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessarythe Prospectus, as then amended or supplemented, would, in the opinion reasonable judgment of counsel for to the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain Placement Agent, include any untrue statement of a material fact or omit to state any a material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaserunder which they were made, not misleading. If, after or the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the ProspectusRegistration Statement, as from time to time then amended or supplemented, would, in connection with the sale reasonable judgment of counsel to the Notes in accordance with Company or counsel to the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.Placement Agent, include any untrue statement of
(e) Prior The Company will furnish to the filing thereof with the CommissionPlacement Agent and its counsel, the Company will submit to you, for your information, a without charge in New York City (i) one copy of any post-effective amendment the Registration Statement, including financial statements and schedules, and all exhibits thereto and (ii) so long as a prospectus relating to the Registration Statement and any supplement Shares is required to be delivered under the Act, as many copies of each Preliminary Prospectus or the Prospectus or any amended Prospectus proposed to be filedamendment or supplement thereto as the Placement Agent may reasonably request.
(f) The Company will cooperate, when and as requested by you, comply with all the undertakings contained in the Registration Statement.
(g) Prior to the sale of the Shares to the Investors, the Company will cooperate with the Placement Agent and its counsel in connection with the registration or qualification of the Notes Shares for offer and sale under the state securities or blue sky Blue Sky laws of such jurisdictions as you the Placement Agent may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky lawsreasonably request; PROVIDED, HOWEVERprovided, that in no event shall the Company shall not be obligated to file (i) qualify to do business in any jurisdiction where it is not now so qualified, (ii) take any action which would subject it to general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which where it is not now so qualified. subject, (iii) become a dealer of securities or (iv) become subject to taxation in any jurisdiction where it is not now so subject.
(h) The Company will apply the net proceeds from time to time, prepare the offering and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution sale of the NotesShares in the manner set forth in the Prospectus under the caption "Use of Proceeds."
(i) The Company will use its reasonable best efforts to ensure that the Shares are listed on the NNMS at the time of the Closing.
(gj) During For a period of five years commencing with one year from the date hereofClosing Date, the Company will furnish to you the Placement Agent, as soon as they are available, copies of all periodic and special reports or other communications (financial or other) furnished to stockholders holders of the Company and of all informationShares, documents and other than any such reports or communications filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing pursuant to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agentCommission's feesEDGAR system.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules Rules and regulations of the CommissionRegulations.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five three years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") NASD of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees. Except as specifically provided for in this Section 6, the Underwriters will pay their own costs and expenses, including fees of their counsel, any stock transfer taxes due upon any resale of Stock by them and advertising costs incurred by them.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Chase Securities Inc. on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 180 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, directly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, Stock or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (bA) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock PlansCompany's stock option plan or upon the exercise of warrants outstanding as of the date hereof, all as described through incorporation by reference in the Preliminary Prospectus Prospectus, and (cB) options to purchase Common Stock granted under the Company's stock option plan. If this Agreement is terminated prior to the Closing Date, the provisions of this Section 6(k) shall be of no further force or effect.
(l) The Company agrees to use its best efforts to cause all directors, officers and the beneficial owners of the outstanding Common Stock identified on ANNEX C hereto to agree that, without the prior written consent of Chase Securities Inc. on behalf of the Underwriters, such person or entity will not, for a period of 180 days following the commencement of the public offering of the Stock by the Underwriters, directly or indirectly, sell, offer, contract to sell, transfer the economic risk of ownership in, make any short sale, pledge or otherwise dispose of any shares of Common Stock issued on conversion or any securities convertible into or exchangeable or exercisable for or any rights to purchase or acquire Common Stock.
(m) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Stock has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Notes. For purposes of this paragraph (kProspectus), the Company will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and disseminate a sale, offer, press release or other disposition shall be deemed public statement, reasonably satisfactory to include any sale you, responding to an institution which canor commenting on such rumor, following such sale, sell Common Stock to the public in reliance on Rule 144A.publication or event.
(ln) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
(o) The Company (i) will comply with all applicable securities and other applicable laws, rules and regulations in each jurisdiction in which the Directed Shares are offered and (ii) will pay all reasonable fees and disbursements of counsel incurred by the Underwriters in connection with the Directed Share Program and any stamp duties, similar taxes or duties or other taxes, if any, incurred by the Underwriters in connection with the Directed Share Program.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as followswith the Placement Agent that:
(a) The Company will (i) prepare Registration Statement has become effective, and timely file with if Rule 430A is used or the Commission filing of the Prospectus is otherwise required under Rule 424(b) a ), the Company will file the Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on (properly completed if Rule 430A has been used) pursuant to Rule 424(b) within the prescribed time period and (ii) not file any amendment will provide a copy of such filing to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the CommissionPlacement Agent promptly following such filing.
(b) The Company will promptly not, during such period as the Prospectus would be required by law to be delivered in connection with sales of the Shares by an underwriter or dealer in connection with the offering contemplated by this Agreement, file any amendment or supplement to the Registration Statement or the Prospectus, except as required by law, unless a copy thereof shall first have been submitted to the Placement Agent within a reasonable period of time prior to the filing thereof and the Placement Agent shall not have reasonably objected thereto in good faith.
(c) The Company will notify the Representatives Placement Agent promptly, and will, if requested, confirm such notification in writing, (1) when any post-effective amendment to the event Registration Statement becomes effective, but only during the period mentioned in Section 4(b); (2) of (i) the any request by the Commission for amendment of any amendments to the Registration Statement or for supplement any amendment or supplements to the Prospectus or for any additional information, but only during the period mentioned in Section 4(b); (ii3) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) Statement or the institution or notice of intended institution initiation of any action or proceeding proceedings for that purposepurpose or the threat thereof, but only during the period mentioned in Section 4(b); (iv4) of becoming aware of the occurrence of any event during the period mentioned in Section 4(b) that in the judgment of the Company makes any statement made in the Registration Statement or the Prospectus untrue in any material respect or that requires the making of any changes in the Registration Statement or the Prospectus in order to make the statements therein, in light of the circumstances in which they are made, not misleading; and (5) of receipt by the Company of any notification with respect to the any suspension of the qualification of the Notes Shares for offer and sale in any jurisdiction, or (v) . If at any time the receipt by it of notice Commission shall issue any order suspending the effectiveness of the initiation or threatening of any proceeding for such purpose. The Registration Statement in connection with the offering contemplated hereby, the Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof of any such order at the earliest possible moment.
(c) The . If the Company will (i) on or before the Closing Date, deliver to you a signed copy of has omitted any information from the Registration Statement as originally filed and of each amendment thereto filed prior Statement, pursuant to the time the Registration Statement becomes effective andRule 430A, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, it will use its best efforts to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company comply with the Commission, as you may reasonably request for provisions of and make all requisite filings with the purposes contemplated by Commission pursuant to said Rule 430A and to notify the Securities ActPlacement Agent promptly of all such filings.
(d) If If, at any time during when a Prospectus relating to the period in which a prospectus Shares is required by law to be delivered by under the Underwriter or dealer Act, the Company becomes aware of the occurrence of any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessarythe Prospectus, as then amended or supplemented, would, in the opinion reasonable judgment of counsel for to the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain Placement Agent, include any untrue statement of a material fact or omit to state any a material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaserunder which they were made, not misleading. If, after or the public offering of the Notes by the Underwriter and during such periodRegistration Statement, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions as then amended or otherwisesupplemented, you will advise the Company in writing of the proposed variationwould, and, if in the opinion either reasonable judgment of counsel for to the Company or counsel to the Placement Agent, include any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein not misleading, or if for any other reason it is necessary, in the reasonable judgment of counsel for to the Underwriter such proposed variation requires that Company or counsel to the Placement Agent, at any time to amend or supplement the Prospectus be supplemented or amendedthe Registration Statement to comply with the Act or the Rules and Regulations, the Company will forthwith promptly notify the Placement Agent and, subject to Section 4(b) hereof, will promptly prepare and file with the Commission a Commission, at the Company's expense, an amendment to the Registration Statement or an amendment or supplement to the Prospectus that corrects such statement or an amended Prospectus setting forth omission or effects such variationcompliance and will deliver to the Placement Agent, without charge, such number of copies thereof as the Placement Agent may reasonably request. The Company authorizes consents to the Underwriter and all dealers to whom any use of the Notes may be sold Prospectus or any amendment or supplement thereto by the Underwriter Placement Agent, and the Placement Agent agrees to use provide to each Investor, prior to the ProspectusClosing, as from time to time amended or supplemented, in connection with the sale a copy of the Notes in accordance with the applicable provisions of the Securities Act Prospectus and the applicable rules and regulations thereunder for such periodany amendments or supplements thereto.
(e) Prior The Company will furnish to the filing thereof with the CommissionPlacement Agent and its counsel, the Company will submit to you, for your information, a without charge in New York City (i) one copy of any post-effective amendment the Registration Statement, including financial statements and schedules, and all exhibits thereto and (ii) so long as a prospectus relating to the Registration Statement and any supplement Shares is required to be delivered under the Act, as many copies of each Preliminary Prospectus or the Prospectus or any amended Prospectus proposed to be filedamendment or supplement thereto as the Placement Agent may reasonably request.
(f) The Company will cooperate, when and as requested by you, comply with all the undertakings contained in the Registration Statement.
(g) Prior to the sale of the Shares to the Investors, the Company will cooperate with the Placement Agent and its counsel in connection with the registration or qualification of the Notes Shares for offer and sale under the state securities or blue sky Blue Sky laws of such jurisdictions as you the Placement Agent may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky lawsreasonably request; PROVIDED, HOWEVERprovided, that in no event shall the Company shall not be obligated to file (i) qualify to do business in any jurisdiction where it is not now so qualified, (ii) take any action which would subject it to general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which where it is not now so qualified. subject, (iii) become a dealer of securities or (iv) become subject to taxation in any jurisdiction where it is not now so subject.
(h) The Company will apply the net proceeds from time to time, prepare the offering and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution sale of the NotesShares in the manner set forth in the Prospectus under the caption "Use of Proceeds."
(i) The Company will use its reasonable best efforts to ensure that the Shares are listed on the NNMS at the time of the Closing.
(gj) During For a period of five years commencing with one year from the date hereofClosing Date, the Company will furnish to you the Placement Agent, as soon as they are available, copies of all periodic and special reports or other communications (financial or other) furnished to stockholders holders of the Company and of all informationShares, documents and other than any such reports or communications filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing pursuant to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agentCommission's feesEDGAR system.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will use its best efforts to qualify the Shares, Warrants and Warrant Shares for sale under (or obtain exemptions from the application of) the securities laws of such jurisdictions as you reasonably designate and to continue such qualifications in effect so long as required for the lawful distribution of the Shares and the lawful issuance of the Warrant Shares, except that the Company shall not be required in connection therewith to qualify as a foreign corporation or to execute a general consent to service of process in any jurisdiction. The Company will immediately advise you by telephone, confirming such advice in writing, of any order or communication suspending or preventing, or threatening to suspend or prevent, the offer and sale of any of the Units, or of any proceedings or examinations which may lead to such an order or communication, by any governmental authority, as soon as the Company is advised thereof. The Company will use its best efforts to prevent the issuance of an order suspending such offer or sale or prohibiting the use of the Offering Memorandum and, if any such order is issued, to obtain its withdrawal as soon as possible.
(b) From time to time prior to the final Closing Date, at your reasonable request, the Company will deliver to you such number of copies of the Offering Memorandum as you may reasonably request.
(c) During the Offering Period, the Company will: (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information promptly notify you of any material events or developments relating to its financial condition, business operations or prospects which have not been previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A disclosed to you; and (ii) not file with any amendment securities regulators, or deliver to any prospective investor, any documents other than the Registration Statement Offering Memorandum, issue any press releases, or amend or supplement to the Prospectus of which you Offering Memorandum, unless such documents, press releases, amendments and supplements shall not previously first have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver delivered to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Actyour counsel.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer Offering Period any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessarywhich, in the opinion of counsel for the Company your reasonable opinion, should be set forth in a supplement to or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light an amendment of the circumstances existing at the time it is delivered to a purchaser of the NotesOffering Memorandum, the Company will forthwith forthwith, at its own expense, or at your expense if such event is only a change in the information originally furnished by you for inclusion in the Offering Memorandum, prepare and file with the Commission furnish to you a reasonable number of copies of a supplement to or amendment of the Prospectus or an amended Prospectus Offering Memorandum so that the Prospectus Offering Memorandum, as so supplemented or amended amended, will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaserunder which they are made, not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior The Company will pay its expenses in connection with this Offering and the transactions contemplated herein, including, but not limited to: the costs of preparing and printing (or otherwise duplicating) this Agreement; all expenses incident to the filing thereof with issuance and delivery of the CommissionShares, Warrant and Warrant Shares, fees and expenses of legal counsel and independent accountants for the Company relating to opinions of counsel, audits, review of unaudited financials, or otherwise; the cost and expenses in connection with Blue Sky or other securities filings (which will submit to you, for your information, a copy of any post-effective amendment be handled by counsel to the Registration Statement Placement Agent and any supplement paid for in advance by the Company), and the costs and expenses incident to the Prospectus or any amended Prospectus proposed to be filedpreparation, printing and distribution of the Offering Memorandum (including exhibits and schedules thereto).
(f) The Company will cooperatefurther pay or reimburse all costs and expenses incurred by the Placement Agent in connection with the Offering no later than on each Closing Date. In addition: (i) the Company agrees to pay you a due diligence fee of $25,000 to cover your time and expenses incurred in conducting your due diligence hereunder, when and as requested by you, in (ii) if the qualification Company elects to cancel the Offering subsequent to the distribution of the Notes for offer Offering Memorandum, and sale under prior to the securities or blue sky laws of such jurisdictions as you may designate andInitial Closing Date, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service promptly reimburse the Placement Agent for all your reasonable itemized out-of-pocket expenses incurred in connection with the Offering and pay a cancellation fee of process or to qualify as $25,000; (iii) if you terminate this Agreement because of a foreign corporation material inaccuracy in any jurisdiction in which it is not so qualified. The representation or warranty of the Company or the failure of any of the conditions to your obligations contained herein, the Company will from time to timepromptly reimburse you for all your reasonable itemized out-of-pocket expenses incurred in connection with the Offering and pay you a termination fee of $25,000; and (iv) regardless of whether any Units are sold, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution the Company shall promptly after the termination of the NotesOffering or on each Closing Date, as the case may be, reimburse you (by delivery of a certified or bank cashier's check or payment by wire transfer to your counsel) for all of the reasonable legal fees and disbursements of your counsel paid or payable by you for services rendered through such date in connection with the transactions contemplated by this Agreement, whose reimbursable legal fees shall not exceed $35,000 in the aggregate, with respect to all Closings.
(g) During In consideration for the services rendered to the Company in connection with the Offering, the Company will pay to you, on the Initial Closing Date, and each Additional Closing Date, (i) a cash commission in an amount equal to ten percent (10.0%) of the aggregate sales price of all Units sold at such Closing Date and (ii) a non-accountable expense allowance equal to 2% of the capital raised on each such Closing Date. In addition to the foregoing, the Company will issue and grant to you, on the final Closing Date, warrants (the "Placement Agent Warrants") to purchase at any time, for a period of five years commencing following such Closing Date, ten percent (10%) of the number of Units ("Placement Agent Warrant Securities") sold in the Offering. The exercise price of the Placement Agent Warrants Securities shall be equal to the price at which the Units are sold. The Placement Agent Warrants shall be in a form, and contain the additional terms and conditions, substantially as set forth in Exhibit C attached hereto. The Company shall also pay the Placement Agent all compensation described in this paragraph (g) with respect to all securities sold to a purchaser or purchasers in the date hereofOffering at any time prior to the expiration of twenty four months after last Closing Date if (i) such purchaser or purchasers, or prospective purchasers, were identified to the Company will furnish to you copies of all periodic and special reports furnished to stockholders of by the Placement Agent or otherwise participated in the Offering, (ii) the Placement Agent advised the Company with respect to such purchaser, purchasers or prospective purchasers during the Term hereof or (iii) the Placement Agent had discussions with such purchaser, purchasers or prospective purchasers during the Term hereof and of all information, documents and reports filed with Commissionso notified the Company during the Term.
(h) Not later than the 45th day following the end Within 90 days of the fiscal quarter first occurring after the first anniversary of the Effective Datefinal closing date, the Company will make generally available shall use its best efforts to its security holders an earnings file a registration statement in accordance with Section 11(a(the "Registration Statement") on Form S-3, or, if unavailable, Form S-1 or Form SB-2, to register all of the Shares sold to investors in the Offering as well as all of the Warrant Shares issuable upon the exercise of the Warrants and the Placement Agent Warrant Securities Act (including the component parts thereof) issuable upon the exercise of the Placement Agent Warrant. The Company shall use its best efforts to cause the Registration Statement to be declared effective as soon as possible after filing, and Rule 158 thereundershall keep the Registration Statement effective for the period specified in the Subscription Agreement. The Registration Statement will be subject to those blackout provisions and other restrictions contained in the Subscription Agreement. All costs associated with the preparation, filing, printing and maintaining the effectiveness of the Registration Statement, as more fully described in the Subscription Agreement, shall be borne by the Company.
(i) The Company agrees to pay all costs and expenses incident to will apply the performance net proceeds from the sale of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing Units in a manner consistent with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's feesOffering Memorandum.
(j) During the Offering Period, the Company will maintain appropriate arrangements with the Escrow Agent for depositing funds received from subscribers for the Units, as more fully described in Section 2 hereof. The Company agrees will use its best efforts to reimburse you, for cause the account Escrow Agent to make appropriate refunds of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and such funds in the review of event that such refunds are required to be made in accordance with the offering by Offering as described in the NASDOffering Memorandum.
(k) The Company hereby agrees thatwill comply with all registration, without filing and reporting requirements which may from time to time be applicable to the prior written consent of Company under the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectlySecurities Act, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreementapplicable Blue Sky laws, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or any other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.applicable securities laws
(l) The Company is familiar with will use commercially reasonable efforts to perform all things required or necessary to be done and performed under this Agreement by the Investment Company Act prior to the Closing Date and to satisfy all conditions precedent to delivery of 1940, as amended, the Shares and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure Warrants.
(m) Provided that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amendedPlacement Agent is able to place, and the rules Company closes upon, the Minimum Number of Units, for a period of twenty four calendar months from the last Closing Date, the Company (and regulations thereundernot CanAm nor any other joint venture of in which the Company is a partner) grants the Placement Agent a twenty one (21) day right of first refusal superseding all others to act as placement agent and/or underwriter for any further public and/or private placements of debt or equity by the Company;. The Company agrees that if the Placement Agent is able to place, and the Company closes upon, the Minimum Number of Units, the Placement Agent shall have an irrevocable preferential right for a period of two years from the last Closing Date to purchase for its account or to sell for the account of the Company, or any subsidiary of or successor to the Company, any securities of the Company or any such subsidiary or successor which the Company, any such subsidiary or successor may seek to sell through an underwriter, placement agent or broker-dealer whether pursuant to registration under the Act or otherwise. The Company, any such subsidiary or successor will consult the Placement Agent with regard to any such offering and will offer the Placement Agent the opportunity to purchase or sell any such securities on terms not more favorable to the Company, any such subsidiary or successor than it or they can secure elsewhere. If the Placement Agent fails to accept such offer within 21 days after the mailing of a notice containing such offer by registered mail addressed to the Placement Agent, then the Placement Agent shall have no further claim or right with respect to the financing proposal contained in such notice. If, however, the terms of such proposal are subsequently modified in any material respect, the preferential right referred to herein shall apply to such modified proposal as if the original proposal had not been made. The Placement Agents failure to exercise its preferential right with respect to any particular proposal shall not affect its preferential rights relative to future proposals.
Appears in 1 contract
Further Agreements of the Company. The Company and the Selling Stockholder covenants and agrees with the Underwriters as follows:
(a) The Company will (i) prepare use its best efforts to cause the Registration Statement, and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted any amendment thereof, if not effective at the time of effectiveness execution of this Agreement, to become effective as promptly as possible. If the Registration Statement has become or becomes effective pursuant to Rule 430A, or filing of the Prospectus is otherwise required under Rule 424(b), the Company will file the Prospectus, properly completed (and in form and substance reasonably satisfactory to counsel for the Underwriters) pursuant to Rule 424(b) within the time period prescribed and will provide evidence satisfactory to the Representative of such timely filing. The Company will not file the Prospectus, any amended Prospectus, any amendment of the Registration Statement in reliance on or supplement to the Prospectus or make any filing under Rule 430A 462(b) of the Rules and (ii) not Regulations without advising the Representative of, and furnishing the Underwriters with copies thereof a reasonable time prior to the proposed filing of, such amendment or supplement and without obtaining the prior consent of the Representative to such filing. The Company will prepare and file with the Commission, promptly upon the request of the Representative, any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy that may be necessary or to which you shall have reasonably objected advisable in writing or which is not in compliance connection with the Securities Act or the rules and regulations distribution of the CommissionShares by you, and use its best efforts to cause the same to become effective as promptly as possible.
(b) The Company will promptly notify advise the Representatives in the event of Representative (i) when the Registration Statement shall have become effective, (ii) when any amendment thereof shall have become effective, (iii) of any request by the Commission for any amendment of or supplement to the Registration Statement or for supplement to the Prospectus or for any additional information, (iiiv) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) Statement or the institution or notice of intended institution threatening of any action or proceeding for that purpose, purpose and (ivv) of the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Shares for sale in any jurisdiction, jurisdiction or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort use its best efforts to prevent the issuance of any such a stop order or suspension and, if such an order shall at any time be issued, to obtain as soon as possible the withdrawal thereof at the earliest possible momentthereof.
(c) The Company will (i) on or before the Closing Date, deliver to each of you and your counsel a signed conformed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed conformed copy of each post- 462(b) Registration Statement and post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and all documents filed by the Company with the Commission under the Exchange Act and deemed to be incorporated by reference into any Preliminary Prospectus or the Prospectus, and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (excluding exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youthe Underwriters, at such office or offices as you may designate, as many copies of any Preliminary Prospectus and the Prospectus as you may reasonably request, request and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or a dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or a dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, necessary to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesShares, or if it shall be necessary to amend or to supplement the Prospectus to comply with the Securities Act or the Rules and Regulations, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading, and so that it then will otherwise comply with the Securities Act and the Rules and Regulations. If, after the public offering of the Notes Shares by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Shares may be sold by the Underwriter Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Shares in accordance with the applicable provisions of the Securities Act and the applicable rules Rules and regulations thereunder Regulations for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any 462(b) Registration Statement, post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when cooperate with you and as requested by you, your counsel in the qualification of the Notes Shares for offer and sale under the securities or blue sky Blue Sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or a dealer, in keeping such qualifications in good standing under said securities or blue sky Blue Sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify to do business as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesShares.
(g) During a period of five years commencing with the date hereofof this Agreement, the Company will promptly furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and Company, of all information, documents and reports filed with Commission, any securities exchange or the National Association of Securities Dealers, Inc. and of all press releases and material news items or articles in respect of the Company, its products or affairs released or prepared by the Company (other than promotional and marketing materials disseminated solely to customers and potential customers of the Company in the ordinary course of business); and any additional information concerning the Company or its business which you may reasonably request.
(h) Not As soon as practicable, but not later than the 45th day following the end of the fiscal quarter first occurring ending after the first anniversary of the Effective Date, the Company will make generally available to its security securities holders and furnish to the Underwriters an earnings statement or statements in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs that it will cause each of its executive officers and expenses incident directors and those other Material Holders designated by the Representative prior to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing date of this Agreement and related documents delivered to enter into agreements with the Representative to the Underwritereffect that they will not, directly or indirectly, without your prior written consent, sell, offer, contract to sell, grant any option to purchase, or otherwise dispose of any shares of Common Stock, or any securities convertible into, exchangeable for or exercisable for Common Stock, or any rights to purchase or acquire Common Stock (ivother than intra-family transfers or transfers to trusts for estate planning purposes) for a period of six months after the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's feesClosing Date.
(j) The Company agrees will apply the net proceeds from the offering received by it in the manner set forth under the caption "Use of Proceeds" in the Prospectus and will file such reports with the Commission with respect to reimburse you, for the account sale of the several Underwriter, for blue sky fees Shares and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account application of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review proceeds therefrom as may be required pursuant to Rule 463 of the offering by the NASDRules and Regulations.
(k) The Company hereby agrees thatwill, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after to the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common at all times thereafter, unless such securities are then listed on a national securities exchange, cause the Shares and Representative's Warrant Stock issued under to be included for quotation on the stock option Nasdaq National Market, and stock purchase plans the Company will comply with all registration, filing, reporting and other requirements of the Company (Exchange Act and the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall Nasdaq National Market which may from time to time be deemed to include any sale to an institution which can, following such sale, sell Common Stock applicable to the public Company. The Company further agrees not to delist from the Nasdaq National Market without the Representative's approval, unless required to do so by the Nasdaq National Market. As soon as practicable after the Shares become eligible therefor, the Company will apply for listing in reliance on Rule 144A.one or more securities manuals (such as Xxxxx'x Over-the-Counter Industrial Manual or Standard & Poor's Corporation Description Manual).
(l) The Company is familiar with will use its best efforts to maintain insurance of the Investment Company Act of 1940, as amended, types and has in the past conducted amounts which it deems adequate for its affairsbusiness and consistent with insurance coverage maintained by companies of similar size and engaged in similar businesses, including, but not limited to, general liability insurance covering all real and will in the future conduct its affairs, in such a manner to ensure that personal property owned or leased by the Company was not against theft, damage, destruction, acts of vandalism and all other risks customarily insured against. The Company will not be an "investment company" or use its best efforts to obtain and maintain a company "controlled" by an "investment company" within the meaning reasonable amount of the Investment Company Act of 1940, as amendedDirectors and Officers liability insurance from a reputable insurer, and the rules level of coverage as well as the identity of the insurer shall be reasonably acceptable to the Representative.
(m) In accordance with the Representative's Warrants, the Company agrees, upon its receipt from the Representative of the sum of $200.00 in payment therefor, to deliver to the Representative on the Closing Date upon completion of the purchase and regulations thereundersale of the Shares pursuant to Section 2 of this Agreement, the Representative's Warrants representing the right to purchase up to [200,000] shares of Common Stock at a price equal to 120% of the offering price per share of Common Stock to the public as set forth on the cover page of the Prospectus.
(n) The Company shall use its best efforts to retain in their current positions the individuals named as executive officers under the caption "Management" in the Registration Statement for a reasonable period after the consummation of the Public Offering.
(o) The Company shall, on or prior to the Closing Date, amend its Bylaws to provide that it will use its best efforts to at all times maintain at least two (2) independent directors (that is directors that are not officers of the Company, who are neither related to its officers nor represent concentrated or family holdings of the Company's shares, and who, in the view of the Company's board of directors, are free of any relationship that would interfere with the exercise of independent judgement (the "Independent Directors"). The Independent Directors shall constitute a majority of the Company's audit and compensation committees. Further, the favorable vote of a majority of the Company's Independent Directors shall be required as to any related party transaction between the Company and any 5% or more stockholder of the Company and/or officer or director of the Company (or any affiliates of such individuals). Any proposed changes in the Company's Bylaws that are not otherwise approved by the majority vote of the shares held by the Company's non- management stockholders (i.e., stockholders exclusive of officers and directors of the Company) shall be approved by a majority of the Company's directors and not disapproved by a majority of the Company's Independent Directors.
(p) Except in connection with acquisitions or shares of Common Stock issuable upon exercise of options or warrants outstanding prior to the Closing Date and except for the grant of options to its officers and employees under the Company's 1998 Stock Option Plan at an exercise price equal to the Public Offering Price per share, during the period of the offering, and for a period of six months from the Closing Date, the Company will not (i) sell or otherwise dispose of any securities of the Company (except pursuant to the Company's employee benefit plans described in the Registration Statement) or (ii) purchase any shares of capital stock of the Company, without your prior written consent.
(q) During the period of two (2) years commencing with the date of this Agreement, the Company's Chief Executive Officer or Chief Financial Officer will visit the United States investor community twice each year, stopping once on the West Coast, once on the East Coast, and once in the Midwest on each trip, as directed by the Representative in its sole discretion.
(r) The Company will instruct its transfer agent to provide you with copies of the Depository Trust Company stock transfer sheets on a weekly basis for a period of six months from the Closing Date and on a monthly basis thereafter for six additional months.
(s) The Company will reserve and keep available that maximum number of its authorized but unissued securities which are issuable upon exercise of the Representative's Warrants.
Appears in 1 contract
Samples: Underwriting Agreement (Creative Master International Inc)
Further Agreements of the Company. The Company covenants and agrees as followswith the Underwriters:
(a) The Company will (iTo prepare the Rule 462(b) prepare Registration Statement, if necessary, in a form approved by the Underwriters and timely file such Rule 462(b) Registration Statement with the Commission by 10:00 P.M., New York time, on the date hereof, and the Company shall at the time of filing either pay to the Commission the filing fee for the Rule 462(b) Registration Statement or give irrevocable instructions for the payme/nt of such fee pursuant to Rule 111(b) under Rule 424(b) the Rules and Regulations; to prepare the Prospectus in a Prospectus form approved by the Underwriters containing information previously omitted at the time of effectiveness of the Registration Statement Statements in reliance on Rules 430A, 430B or 430C of the Rules and Regulations and to file such Prospectus pursuant to Rule 424(b) of the Rules and Regulations not later than the second business (2nd) day following the execution and delivery of this Agreement or, if applicable, such earlier time as may be required by Rule 430A of the Rules and Regulations; prior to the expiration of the Prospectus Delivery Period (ii) not as defined below), to notify the Underwriters immediately of the Company’s intention to file or prepare any supplement or amendment to the any Registration Statement or to the Prospectus and to make no amendment or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy Registration Statements, the General Disclosure Package or to the Prospectus to which you the Underwriters shall have reasonably objected in writing or which is not in compliance with object by notice to the Securities Act or Company after a reasonable period to review; prior to the rules and regulations expiration of the Commission.
(b) The Company will Prospectus Delivery Period, to advise the Underwriters, promptly notify the Representatives in the event of (i) the request by the Commission for amendment after it receives notice thereof, of the time when any amendment to any Registration Statement has been filed or for becomes effective or any supplement to the General Disclosure Package or the Prospectus or any amended Prospectus has been filed and to furnish the Underwriters with copies thereof; to file promptly all material required to be filed by the Company with the Commission pursuant to Rules 433(d) or 163(b)(2) of the Rules and Regulations, as the case may be; to file promptly all reports and any definitive proxy or information statements required to be filed by the Company with the Commission pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date of the Prospectus and for any additional informationso long as the delivery of a prospectus (or in lieu thereof, the notice referred to in Rule 173(a) of the Rules and Regulations) is required in connection with the offering or sale of the Stock (ii) the “Prospectus Delivery Period”); prior to the expiration of the Prospectus Delivery Period, to advise the Underwriters, promptly after it receives notice thereof, of the issuance by the Commission of any stop order or of any order preventing or suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution use of any action Preliminary Prospectus, any Issuer Free Writing Prospectus or proceeding for that purposethe Prospectus, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for offering or sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for any such purpose. The Company will make every reasonable effort to prevent , or of any request by the Commission for the amending or supplementing of the Registration Statements, the General Disclosure Package or the Prospectus or for additional information; and, in the event of the issuance of such a any stop order andor of any order preventing or suspending the use of any Preliminary Prospectus, if any Issuer Free Writing Prospectus or the Prospectus or suspending any such an order shall at any time be issuedqualification, and promptly to use its reasonable best efforts to obtain the withdrawal thereof at of such order.
(b) The Company represents and agrees that, unless it obtains the earliest possible momentprior consent of the Underwriters, it has not made and will not, other than the Final Term Sheet (defined below), if any, prepared and filed pursuant to Section 4(c) hereof, make any offer relating to the Stock that would constitute a “free writing prospectus” as defined in Rule 405 of the Rules and Regulations unless the prior written consent of the Underwriters has been received (each, a “Permitted Free Writing Prospectus”); provided that the prior written consent of the Underwriters hereto shall be deemed to have been given in respect of the Issuer Free Writing Prospectuses included in Schedule B hereto. The Company represents that it has treated and agrees that it will treat each Permitted Free Writing Prospectus as an Issuer Free Writing Prospectus, comply with the requirements of Rules 164 and 433 of the Rules and Regulations applicable to any Issuer Free Writing Prospectus, including the requirements relating to timely filing with the Commission, legending and record keeping and will not take any action that would result in the Underwriters or the Company being required to file with the Commission pursuant to Rule 433(d) of the Rules and Regulations a free writing prospectus prepared by the Underwriters that the Underwriters would not have been required to file thereunder. The Company consents to the use by the Underwriters of a free writing prospectus that (a) is not an “issuer free writing prospectus” as defined in Rule 433 of the Rules and Regulations, and (b) contains only (i) information describing the preliminary terms of the Stock or its offering and (ii) information that described the final terms of the Stock or its offering and that is included in the Final Term Sheet, if any, contemplated in Section 4(c) below.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.[Intentionally Omitted]
(d) If at any time during prior to the period in which expiration of nine (9) months after the later of (i) the latest effective date of the Registration Statements or (ii) the date of the Prospectus, when a prospectus relating to the Stock is required by law to be delivered by (or in lieu thereof, the Underwriter or dealer notice referred to in Rule 173(a) of the Rules and Regulations) any event relating to occurs or affecting the Company, or of which the Company shall be advised in writing by you, shall occur condition exists as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so then amended or supplemented or amended will not contain would include any untrue statement of a material fact fact, or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at under which they were made when the time such Prospectus is delivered (or in lieu thereof, the notice referred to such purchaserin Rule 173(a) of the Rules and Regulations), not misleading. If, after or if it is necessary at any time to amend or supplement any Registration Statement or the public offering of Prospectus or to file under the Notes Exchange Act any document incorporated by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if reference in the opinion either of counsel for Prospectus to comply with the Company Securities Act or of counsel for the Underwriter such proposed variation requires Exchange Act, that the Prospectus be supplemented or amended, the Company will forthwith promptly notify the Underwriters thereof and upon its request will prepare an appropriate amendment or supplement or upon its request make an appropriate filing pursuant to Section 13 or 14 of the Exchange Act in form and file with the Commission a supplement substance satisfactory to the Prospectus Underwriters which will correct such statement or an amended Prospectus setting forth omission or effect such variationcompliance and will use its reasonable best efforts to have any amendment to any Registration Statement declared effective as soon as possible. The Company authorizes will furnish without charge to the Underwriter Underwriters and all dealers to whom any of dealer in securities as many copies as the Notes Underwriters may be sold by the Underwriter to use the Prospectus, as from time to time amended reasonably request of such amendment or supplemented, supplement. In case the Underwriters are required to deliver a prospectus (or in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commissionlieu thereof, the Company will submit notice referred to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(aRule 173(a) of the Securities Act Rules and Rule 158 thereunder.
(iRegulations) The Company agrees to pay all costs and expenses incident relating to the performance Stock nine (9) months or more after the later of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") latest effective date of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), Statements or (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in partProspectus, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that Company upon the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans request of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all Underwriters will prepare promptly an amended or supplemented Prospectus as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall may be deemed necessary to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar permit compliance with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.requirements of
Appears in 1 contract
Samples: Underwriting Agreement (Sunesis Pharmaceuticals Inc)
Further Agreements of the Company. The Company covenants and agrees as followsagrees:
(a) The Company will (i) prepare and timely file the Prospectus with the Commission under pursuant to and in accordance with subparagraph (2) (or, if applicable and if consented to by Xxxxxx, subparagraph (5)) of Rule 424(b) a Prospectus containing information previously omitted at not later than the time second business day following the execution and delivery of effectiveness this Agreement. The Company will advise Xxxxxx promptly of the Registration Statement in reliance on any such filing pursuant to Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission424(b).
(b) The Company will promptly notify advise the Representatives in promptly of any proposal to amend or supplement the event Registration Statement or the Prospectus and will not effect such amendment or supplementation without the Representatives' prior consent, which consent shall not be unreasonably withheld; and the Company will also advise the Representatives promptly of (i) the request by the Commission for effectiveness of any amendment or supplementation of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) and of the issuance institution by the Commission of any stop order suspending the effectiveness proceedings in respect of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company Statement and will make every use its reasonable effort best efforts to prevent the issuance of any such a stop order andand to obtain as soon as possible its lifting, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing DateIf, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which when a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it Notes is necessaryrequired, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement be delivered under the Act in connection with sales by any Underwriter or amend the Prospectus in order to make the Prospectus not misleading in the light dealer, any event occurs as a result of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that which the Prospectus as so then amended or supplemented or amended will not contain any would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaserunder which they were made, not misleading. If, after the public offering of the Notes by the Underwriter and during or if it is necessary at any such period, the Underwriter shall propose time to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that amend the Prospectus be supplemented or amendedto comply with the Act, the Company will forthwith promptly notify the Representatives of such event and will promptly prepare and file with the Commission a Commission, at its own expense, an amendment or supplement to the Prospectus which will correct such statement or omission or an amended Prospectus setting forth amendment which will effect such variationcompliance. The Company authorizes Neither the Underwriter and all dealers to whom Representatives' consent to, nor the Underwriters' delivery of, any such amendment or supplement shall constitute a waiver of any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, conditions set forth in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such periodSection 7.
(ed) Prior to the filing thereof with the CommissionAs soon as practicable, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall but not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with later than 16 months after the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Datethis Agreement, the Company will make generally available to its security holders securityholders an earnings statement in accordance (which need not be audited) covering a period of at least 12 months beginning after the later of (i) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of this Agreement and (ii) the date of the Company's most recent Annual Report on Form 10-K filed with the Commission prior to the date of this Agreement, which will satisfy the provisions of Section 11(a) of the Securities Act.
(e) The Company will furnish to the Representatives copies of the Registration Statement (four of which will be signed and will include all exhibits), each preliminary prospectus and preliminary prospectus supplement relating to the Notes, and, so long as delivery of a prospectus relating to the Notes is required to be delivered under the Act in connection with sales by any Underwriter or dealer, the Prospectus and Rule 158 thereunderall amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representatives request. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualifications of the Notes for sale under the laws of such jurisdictions in the United States as the Representatives designate and will continue such qualifications in effect so long as required for the distribution, provided that, in connection therewith the Company shall not, with respect to any such jurisdiction, be required to qualify as a foreign corporation, to file a general consent to service of process or to take any other action that would subject it to service of process in suits other than those arising out of the offering of the Notes or to taxation in respect of doing business in any jurisdiction in which it is not otherwise subject.
(g) During the period of three years hereafter, the Company will furnish to the Representatives and, upon request, to each of the Underwriters, as soon as practicable, after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to the Representatives as soon as available, a copy of each report and any definitive proxy statement of the Company filed with the Commission under the Exchange Act or mailed to stockholders.
(h) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax, including any interest and penalties, on the issuance and sale of the Notes and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made.
(i) The Company agrees to pay all costs and expenses incident to shall apply the performance of its obligations under this Agreement and net proceeds from the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") sale of the Registration Statement, any Preliminary Notes as set forth in the Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees No action has been or, prior to reimburse you, for the account completion of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion distribution of the Notes. For purposes , will be taken by the Company in any jurisdiction outside the United States that would permit a public offering of this paragraph (k), a sale, offerthe Notes, or other disposition shall be deemed to include possession or distribution of the Prospectus, or any sale to an institution which canamendment or supplement thereto, following such sale, sell Common Stock to the public or any related preliminary prospectus or preliminary prospectus supplement issued in reliance on Rule 144A.
(l) The Company is familiar connection with the Investment Company Act offering of 1940the Notes, as amended, and has in the past conducted its affairs, and will in the future conduct its affairsor any other offering material, in such a manner to ensure any country or jurisdiction where action for that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunderpurpose is required.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and --------------------------------- agrees with the several Underwriters as follows:
(a) The Company will (i) prepare use its best efforts to cause the Registration Statement, and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted any amendment thereof, if not effective at the time of effectiveness execution of this Agreement, to become effective as promptly as possible. If the Registration Statement has become or becomes effective pursuant to Rule 430A, or filing of the Prospectus is otherwise required under Rule 424(b), the Company will file the Prospectus, properly completed (and in form and substance reasonably satisfactory to the Underwriters) pursuant to Rule 424(b) within the time period prescribed and will provide evidence satisfactory to the Representatives of such timely filing. The Company will not file the Prospectus, any amended Prospectus, any amendment (including post-effective amendments) of the Registration Statement in reliance on Rule 430A or any supplement to the Prospectus without (i) advising the Representatives of and, a reasonable time prior to the proposed filing of such amendment or supplement, furnishing the Representatives with copies thereof and (ii) not obtaining the prior consent of the Representatives to such filing. The Company will prepare and file with the Commission, promptly upon the request of the Representatives, any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy that may be necessary or to which you shall have reasonably objected advisable in writing or which is not in compliance connection with the Securities Act or the rules and regulations distribution of the CommissionStock by the Underwriters and use its best efforts to cause the same to become effective as promptly as possible.
(b) The Company will promptly notify advise the Representatives in the event of (i) when the Registration Statement becomes effective, (ii) when any post-effective amendment thereof becomes effective, (iii) of any request by the Commission for any amendment of or supplement to the Registration Statement or for supplement to the Prospectus or for any additional information, (iiiv) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) Statement or the institution or notice of intended institution threatening of any action or proceeding for that purpose, purpose and (ivv) of the receipt by the Company of any notification with respect to the suspension of the registration, qualification or exemption from registration or qualification of the Notes Stock for sale in any jurisdiction, jurisdiction or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort use its best efforts to prevent the issuance of any such a stop order or suspension and, if such an order shall at any time be issued, to obtain as soon as possible the withdrawal thereof at the earliest possible momentthereof.
(c) The Company will (i) on or before the Closing Date, deliver to each of you and your counsel a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the several Underwriters, a sufficient number of additional conformed copies of each of the foregoing (excluding exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youeach of you and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, request and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or a dealer, likewise to send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or a dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, necessary to supplement or amend the Prospectus in order to make the Prospectus not misleading or so that the Prospectus will not omit to state a material fact necessary to be stated therein, in the light of the circumstances existing each case at the time it the Prospectus is delivered to a purchaser of the NotesStock, or if it shall be necessary to amend or to supplement the Prospectus to comply with the Securities Act or the Rules and Regulations, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaserunder which they were made, not misleadingmisleading and so that it then will otherwise comply with the Securities Act and the Rules and Regulations. If, after the public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter shall Underwriters propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variationvariation and if, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters, such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter Underwriters to use the Prospectus, as from time to time so amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules Rules and regulations thereunder Regulations for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when cooperate with you and as requested by you, your counsel in the qualification or registration of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, if applicable, in connection with exemptions from such qualification or registration and, during the period in which a prospectus Prospectus is required by law to be delivered by the an Underwriter or a dealer, in keeping such qualifications qualifications, registrations and exemptions in good standing under said securities or blue sky lawseffect; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify to do business as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, reports and other documents as are or may be required to continue such qualifications qualifications, registrations and exemptions in effect for so long a period as you may reasonably request for the distribution of the NotesStock.
(gf) During a period of five years commencing with the date hereofof this Agreement, the Company will promptly furnish to each of you and to each Underwriter who may so request in writing copies of (i) all periodic and special reports furnished by it to stockholders shareholders of the Company and of Company, (ii) all information, documents and reports filed by it with the Commission, any securities exchange on which any securities of the Company are then listed, Nasdaq or its National Market or the NASD, (iii) all press releases and material news items or articles in respect of the Company or its affairs released or prepared by the Company (other than promotional and marketing materials disseminated solely to customers and potential customers of the Company in the ordinary course of business) and (iv) any additional information concerning the Company or its business which the Representatives may reasonably request.
(hg) Not As soon as practicable, but not later than the 45th day following the end of the fiscal quarter first occurring ending after the first anniversary of the Effective Date, the Company will make generally available to its security securities holders and furnish to the Representatives an earnings statement or statements in accordance with Section 11(a) of the Securities Act and Rule 158 thereunderof the Rules and Regulations.
(h) The Company will apply the net proceeds from the offering of the Stock substantially in the manner set forth under the caption "Use of Proceeds" in the Prospectus.
(i) The Company agrees will cause the Common Stock (including the Stock) to pay be listed on the Nasdaq National Market, and the Company will comply with all costs registration, filing, reporting and expenses incident other requirements of the Exchange Act and any such exchange or the Nasdaq National Market which may from time to time be applicable to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's feesCompany.
(j) The Company agrees will use its best efforts to reimburse you, for the account maintain insurance of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey types and in the review amounts which it deems adequate for its business consistent with insurance coverage maintained by companies of the offering similar size and engaged in similar businesses, including, but not limited to, general liability insurance covering all real and personal property owned or leased by the NASDCompany against theft, damage, destruction, acts of vandalism and all other risks customarily insured against.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) 430A; provided, however, that the Company shall not file such Prospectus under Rule 424(b) or any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission. The Company will provide evidence satisfactory to the Underwriters of the timely filing of the Prospectus filed under Rule 424(b).
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for any supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it the Company of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the date hereof, and with respect to documents filed after the date hereof, on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that a sufficient number of copies of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer dealer, any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission Commission, at its own expense, a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. IfIn addition, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amendedupon your written request, the Company will forthwith at its own expense prepare and file with the Commission a supplement any amendments or supplements to the Registration Statement or Prospectus which, in the opinion of counsel to the Underwriters, may be necessary or an amended Prospectus setting forth such variationadvisable in connection with the distribution of the Stock by the Underwriters. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement or amendment to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and upon request of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Whether or not the transactions contemplated hereunder are consummated or this Agreement is terminated, the Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed Prospectus (other than, except as provided for in paragraph (j) below and unless expressly provided for elsewhere herein, fees and disbursements of Underwriters' counsel, fees and expenses incurred by the Underwriters in connection with the Notes (preparation of the "Form T-1"Registration Statement, the Preliminary Prospectus and the Prospectus and any advertising or marketing expenses incurred in connection with the offering by the Underwriters), (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus Prospectus, and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents required to be delivered to the UnderwriterUnderwriters pursuant hereof, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 (other than, except as provided for in paragraph (j) below and unless expressly provided for elsewhere herein, fees and disbursements of Underwriters' counsel and fees and expenses incurred by the T-1Underwriters in connection with the preparation of any such supplement or amendment), (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including including, without limitation, filing fees, counsel fees and disbursements and cost of printing memoranda for the Underwriterdisbursements) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Xxxxxxxxx & Xxxxx LLC on behalf of the UnderwriterUnderwriters, it the Company will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, offer, sell, pledge, contract to sell (including any short sale), grant any option to purchase or otherwise dispose of any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap short sale (whether or similar agreement that transfers, in whole or in part, not against the economic risk of ownership of Common Stock, whether any such transaction described in clause (1box) or any purchase, sale or grant of any right (2including without limitation, any put or call option) above is with respect to be settled by delivery any security (other than a broad-based market basket or index) that includes, relates to or derives any significant part of its value from the Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that for a period continuing until 180 days after the effective date of the registration statement relating to the initial Public Offering. The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) shares of Common Stock issued by the Company upon the exercise of options granted or other awards under the stock option and stock purchase plans of the Company (the "Stock Option Plans"), including all as described in the Preliminary Prospectus, and (C) options to purchase Common Stock issued upon the exercise or other awards of options (or relating to) Common Stock granted under the Stock Option Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A..
(l) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Stock has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Prospectus), the Company will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and disseminate a press release or other public statement, reasonably satisfactory to you, responding to or commenting on such rumor, publication or event.
(m) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
(n) The Company will apply the net proceeds of the sale of the Stock sold by it substantially in accordance with its statements under the caption "Use of Proceeds" in the Prospectus.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or and the rules and regulations of the CommissionCommission thereunder.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, jurisdiction or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, request and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer dealer, any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus so that it 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 contained in the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, not misleading, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations of the Commission thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, reports and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, as long as the Company continues to have reporting obligations under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders securityholders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") NASD of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) any applicable listing or other fees, (iii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iiiiv) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (ivv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph paragraph
(d) of this Section 6 and the T-16, (vvi) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and 6, (vivii) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's feesfees and (viii) all costs and expenses of the Underwriters incident to the Directed Share Program, including the fees and disbursements of counsel to the Underwriters and any stamp duties or other taxes. It is understood, however, that, except as provided in this Section 6, the Underwriters will pay all of their own costs and expenses, including the fees of their counsel, and stock transfer taxes on resale of any of the Stock by them.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and the cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Chase Securities Inc. on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 180 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, directly or indirectly, (1i) offer, pledge, sell, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, Stock or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted prior to the date of the Prospectus under the Stock Plans, all as stock option plans of the Company described through incorporation by reference in the Preliminary Prospectus (the "Option Plans"), (C) options to purchase Common Stock granted under the Option Plans; PROVIDED THAT, for purposes of this clause (C) any such options granted after the date hereof until the end of the 180-day period shall not be exercisable until 180 days after the commencement of the public offering of the Stock by the Underwriters, and (cD) Common Stock sold or otherwise issued in connection with a sale of control of the Company (which shall mean the acquisition by a person or group (other than Fox Xxxxx or its affiliates) of a majority of the voting power of the Company); PROVIDED in the event of this clause (D) that the Company gives notice to Chase Securities Inc. in writing of its intention to engage in such a sale or other issuance and, to the extent that the Company remains a publicly traded company after such sale or other issuance, prior to any such sale or other issuance, each person who acquires such shares shall execute an agreement satisfactory to Chase Securities, Inc. pursuant to which each such person shall agree to receive and hold such shares of Common Stock issued on conversion of or securities convertible into or exchangeable for the Notes. For purposes of this paragraph (k)Common Stock, a salesubject to the provisions hereof, offer, or other disposition and that there shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to no further transfer except in accordance with the public in reliance on Rule 144A.provisions hereof.
(l) The Company agrees to use all reasonable efforts to cause all directors, officers and holders of 98% of the shares of Common Stock and any options or similar rights to purchase Common Stock to furnish to you, prior to the Closing Date, executed lock-up agreements in the form of Annex C attached hereto.
(m) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your reasonable opinion the market price for the Stock has been or is familiar likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Prospectus), the Company will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the Investment Company Act of 1940, as amendedsubstance of, and has disseminate a press release or other public statement, reasonably satisfactory to you, responding to or commenting on such rumor, publication or event.
(n) The Company shall apply the net proceeds of its sale of the Stock as set forth in the past conducted its affairsProspectus under the heading "Use of Proceeds."
(o) The Company will maintain a transfer agent and, and will in if necessary under the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning jurisdiction of incorporation of the Investment Company Act of 1940Company, registrar (which may be the same entity as amended, and the rules and regulations thereundertransfer agent) for its Common Stock.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or after entertaining in good faith the views of counsel for the Underwriter Underwriters, such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with CommissionCompany.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its the Company's and the Selling Stockholders obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees. The Selling Securityholders will pay any transfer taxes incident to the transfer to the Underwriters of the shares of Stock being sold by the Selling Securityholders.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the filing fees incident to the review of the offering by the NASD.
(k) The provisions of paragraphs (i) and (j) of this Section are intended to relieve the Underwriters from the payment of the expenses and costs which the Company and the Selling Securityholders hereby agree to pay and shall not affect any agreement which the Company and the Selling Securityholders may make, or may have made, for the sharing of any such expenses and costs.
l) The Company and each of the Selling Securityholders hereby agrees that, without the prior written consent of Xxxxxxxxx & Xxxxx LLC on behalf of the UnderwriterUnderwriters, it the Company or such Selling Securityholder, as the case may be, will not, during for a period of 180 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, directly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, Stock or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (a) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (b) shares the issuance by the Company of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under an option or warrant, the Stock Plansconversion of a security, all as or any other contractual obligation, in each case outstanding on the date hereof and described through incorporation by reference in the Preliminary Prospectus and Prospectus, (c) shares the issuance by the Company of options to purchase Common Stock pursuant to any employee benefit plan of the Company that is in existence on the date hereof and described in the Prospectus, (d) the issuance by the Company of Common Stock issued on conversion pursuant to any employee benefit plan of the Notes. For purposes Company that is in existence on the date hereof and described in the Prospectus, provided that the recipient of this paragraph such shares agrees to be bound by the provisions of the foregoing sentence, (ke) the transfer of securities by a Selling Securityholder by gift, will, intestate succession or partnership distribution for no consideration, provided that the recipient of such securities agrees to be bound by the provisions of the foregoing sentence, (g) the transfer of securities by a Selling Securityholder to his or her immediate family (meaning spouse, lineal descendent, father, mother, brother, or sister) or to a trust the beneficiaries of which are exclusively such Selling Stockholders or a member or members of his or her immediate family, provided that the recipient of such securities (except for the recipient of securities issued as described in clause (a) above) agrees to be bound by the provisions of the foregoing sentence.
m) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Stock has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Prospectus), the Company will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and disseminate a sale, offer, press release or other disposition shall be deemed public statement, reasonably satisfactory to include any sale you, responding to an institution which canor commenting on such rumor, following such sale, sell Common Stock to the public in reliance on Rule 144A.publication or event.
(ln) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees with the several Underwriters as follows:
(a) The Company will (i) prepare use its best efforts to cause the Registration Statement, and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted any amendment thereof, if not effective at the time of effectiveness execution of this Agreement, to become effective as promptly as possible. If the Registration Statement has become or becomes effective pursuant to Rule 430A, or filing of the Prospectus is otherwise required under Rule 424(b), the Company will file the Prospectus, properly completed (and in form and substance reasonably satisfactory to counsel for the Underwriters) pursuant to Rule 424(b) within the time period prescribed and will provide evidence satisfactory to the Representatives of such timely filing. The Company will not file the Prospectus, any amended Prospectus, any amendment of the Registration Statement in reliance on Rule 430A or supplement to the Prospectus without advising the Representatives of, and (ii) not furnishing the Representatives with copies thereof a reasonable time prior to the proposed filing of, such amendment or supplement and without obtaining the prior consent of the Representatives to such filing. The Company will prepare and file with the Commission, promptly upon the request of the Representatives, any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy that may be necessary or to which you shall have reasonably objected advisable in writing or which is not in compliance connection with the Securities Act or the rules and regulations distribution of the CommissionSecurities by you, and use its best efforts to cause the same to become effective as promptly as possible.
(b) The Company will promptly notify advise the Representatives in the event of (i) when the Registration Statement shall have become effective, (ii) when any amendment thereof shall have become effective, (iii) of any request by the Commission for any amendment of or supplement to the Registration Statement or for supplement to the Prospectus or for any additional information, (iiiv) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) Statement or the institution or notice of intended institution threatening of any action or proceeding for that purpose, purpose and (ivv) of the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.qualification
Appears in 1 contract
Samples: Underwriting Agreement (Kani Inc)
Further Agreements of the Company. The Company covenants and agrees as followswith the --------------------------------- Placement Agent that:
(a) The Company will (i) prepare and timely file with use its best efforts to qualify the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives in the event of (i) the request by the Commission Shares for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you the Placement Agent and the Investors may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request be required for purposes of the distribution of the NotesShares, except that the Company shall not be required in connection therewith or as a condition thereof to qualify as a foreign corporation or to execute a general consent to service of process in any jurisdiction in which it is not otherwise required to be so qualified or to so execute a general consent to service of process. In each jurisdiction in which the Shares shall have been qualified as above provided, the Company will make and file such statements and reports in each year as are or may be reasonably required by the laws of such jurisdiction.
(b) The Company will furnish to the Placement Agent, as soon as available, copies of the Placement Memorandum in such quantities as the Placement Agent may from time to time reasonably request.
(c) The Company shall comply in all respects with its obligations pursuant to the Purchase Agreements with the Investors.
(d) The Company will apply the net proceeds from the sale of the Shares in the manner set forth under the caption "Use of Proceeds" in the Placement Memorandum.
(e) The Company shall use its best efforts to do and perform all things required or necessary to be done and performed under the Agreements by the Company prior to each Closing Date and to satisfy all conditions precedent to the delivery of the Shares.
(f) Neither the Company nor any of its affiliates will take any action in connection with the Offering which would cause them not to comply with Rule 506 of Regulation D, and the Company will make a timely filing of Form D pursuant to the requirements of Rule 503 of Regulation D. The Company shall exercise reasonable care to assure that the Investors are not underwriters within the meaning of Section 2(11) of the Act, and shall take all actions required by Rule 502(d) of Regulation D. The Company, in its sole discretion, will not accept a subscription from an Investor if the Company has reason to believe that material information supplied by or material representations or warranties made by, such Investor are not fully accurate. The Company shall reasonably believe, immediately prior to making any sale, that each Investor (i) is an accredited investor, and (ii) either alone or with his purchaser representative, has such knowledge and experience in financial and business matters that he is capable of evaluating the merits and risks of a purchase of the Shares and otherwise meets the suitability standards set forth in the Placement Memorandum. The Company shall reasonably believe that any purchaser representative satisfies all of the conditions of rule 501(h) of Regulation D.
(g) The Company shall keep the Placement Memorandum confidential and shall not distribute it or any other materials related to the transaction contemplated hereby, or otherwise advertise to or solicit purchasers of Shares, without the consent of the Placement Agent.
(h) During a period of five (5) years commencing with after the date hereoffinal Closing, the Company will furnish to you copies of all periodic the Investors and special reports furnished to stockholders of the Company and of all informationPlacement Agent, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Dateas soon as they are available, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident quarterly (or as otherwise provided to the performance of its obligations under this Agreement and Company's other shareholders) updates on the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Company's business, (ii) the furnishing quarterly (or as otherwise provided to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (cCompany's other shareholders) of this Section 6 to be so furnishedbalance sheets, (iii) the printing of this Agreement and related documents delivered to the Underwriterincome statements, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.and
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify you on behalf of all the Representatives Underwriters in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.Underwriters such
Appears in 1 contract
Samples: Underwriting Agreement (Discovery Partners International Inc)
Further Agreements of the Company. The Company covenants and agrees with the several Underwriters as follows:
(a) The Company will (i) prepare use its best efforts to cause the Registration Statement, and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted any amendment thereof, if not effective at the time of effectiveness execution of this Agreement, to become effective as promptly as possible. If the Registration Statement has become or becomes effective pursuant to Rule 430A, or filing of the Prospectus is otherwise required under Rule 424(b), the Company will file the Prospectus, properly completed (and in reliance on form and substance reasonably satisfactory to the Underwriters) pursuant to Rule 430A 424(b) within the time period prescribed and will provide evidence satisfactory to the Representatives of such timely filing. The Company will not file the Prospectus, any amended Prospectus, any amendment (including post-effective amendments) to the Registration Statement or any supplement to the Prospectus without (i) advising the Representatives of and, a reasonable time prior to the proposed filing of such amendment or supplement, furnishing the Representatives with copies thereof and (ii) not obtaining the prior consent of the Representatives to such filing. The Company will prepare and file with the Commission, promptly upon the request of the Representatives, any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy that may be necessary or to which you shall have reasonably objected advisable in writing or which is not in compliance connection with the Securities Act or the rules and regulations distribution of the CommissionShares by the Underwriters and use its best efforts to cause the same to become effective as promptly as possible.
(b) The Company will promptly notify advise the Representatives in the event of (i) when the Registration Statement becomes effective, (ii) when any post-effective amendment thereof becomes effective, (iii) of any request by the Commission for any amendment of or supplement to the Registration Statement or for supplement to the Prospectus or for any additional information, (iiiv) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) Statement or the institution or notice of intended institution threatening of any action or proceeding for that purpose, purpose and (ivv) of the receipt by the Company of any notification with respect to the suspension of the registration, qualification or exemption from registration or qualification of the Notes Shares for sale in any jurisdiction, jurisdiction or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort use its best efforts to prevent the issuance of any such a stop order or suspension and, if such an order shall at any time be issued, to obtain as soon as possible the withdrawal thereof at the earliest possible momentthereof.
(c) The Company will (i) on or before the Closing Date, deliver to you each of the Representatives and to Underwriters' counsel a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless and to the extent previously furnished to you)the Representatives) and all documents filed by the Company with the Commission under the Exchange Act and deemed to be incorporated by reference into any Preliminary Prospectus or the Prospectus and will also deliver to the Representatives, for distribution to the several Underwriters, a sufficient number of additional conformed copies of each of the foregoing (excluding exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youeach of the Representatives and send to the several Underwriters, at such office or offices as you the Representatives may designate, as many copies of the Prospectus as you the Representatives may reasonably request, request and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or a dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you the Representatives may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or a dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, necessary to supplement or amend the Prospectus in order to make the Prospectus not misleading or so that the Prospectus will not omit to state a material fact necessary to be stated therein, in the light of the circumstances existing each case at the time it the Prospectus is delivered to a purchaser of the NotesShares, or if it shall be necessary to amend or to supplement the Prospectus to comply with the Securities Act or the Rules and Regulations, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in therein not misleading and so that it then will otherwise comply with the light of Securities Act and the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleadingRules and Regulations. If, after the public offering of the Notes Shares by the Underwriter Underwriters commences and during such period, the Underwriter shall Underwriters propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you the Representatives will advise the Company in writing of the proposed variationvariation and if, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters, such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Shares may be sold by the Underwriter Underwriters to use the Prospectus, as from time to time so amended or supplemented, in connection with the sale of the Notes Shares in accordance with the applicable provisions of the Securities Act and the applicable rules Rules and regulations thereunder Regulations for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when cooperate with the Representatives and as requested by you, Underwriters' counsel in the qualification or registration of the Notes Shares for offer and sale under the securities or blue sky laws of such jurisdictions as you the Representatives may designate and, if applicable, in connection with exemptions from such qualification or registration and, during the period in which a prospectus Prospectus is required by law to be delivered by the an Underwriter or a dealer, in keeping such qualifications qualifications, registrations and exemptions in good standing under said securities or blue sky lawseffect; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify to do business as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, reports and other documents as are or may be required to continue such qualifications qualifications, registrations and exemptions in effect for so long a period as you the Representatives may reasonably request for the distribution of the NotesShares.
(gf) During a period of five years commencing with the date hereofof this Agreement, the Company will promptly furnish to you the Representatives and to each Underwriter who may so request in writing copies of (i) all periodic and special reports furnished by it to stockholders shareholders of the Company and of Company, (ii) all information, documents and reports filed by it with the Commission, Nasdaq National Market, any securities exchange or the NASD, (iii) all press releases and material news items or articles in respect of the Company, its products or affairs released or prepared by the Company (other than promotional and marketing materials disseminated solely to customers and potential customers of the Company in the ordinary course of business) and (iv) any additional information concerning the Company or its business which the Representatives may reasonably request.
(hg) Not As soon as practicable, but not later than the 45th day following the end of the fiscal quarter first occurring ending after the first anniversary of the Effective Date, the Company will make generally available to its security securities holders and furnish to the Representatives an earnings statement or statements in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(ih) The Company agrees that, without Xxx Xxxxxx & Company's prior written consent, the Company will not, and will not allow the Holders to, in each case directly or indirectly, issue, sell, offer, contract to pay all costs and expenses incident sell, grant any option to purchase or otherwise dispose of any shares of Common Stock, or any securities convertible into, exchangeable for or exercisable for Common Stock or any rights to purchase or acquire Common Stock, for a period of 180 days following the performance date of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
excluding only (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") sale of the Registration Statement, any Preliminary Prospectus, Shares to be sold to the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Underwriters pursuant to this Agreement, (ii) the furnishing grant of options to purchase Common Stock (provided that none of such options are or become exercisable during such 180-day period) or the Underwriter issuance of copies shares of any Preliminary Common Stock upon the exercise in accordance with of options previously granted under the Company's presently authorized stock option plans as described in the Prospectus and or in documents incorporated therein, or upon the exercise in accordance with their terms of previously granted warrants which are described in the several Prospectus or in documents required by paragraph (c) of this Section 6 to be so furnishedincorporated therein, (iii) securities issued in future acquisitions accounted for as a purchase (provided that each recipient of such acquisition securities enters into and delivers to Xxx Xxxxxx & Company a lock-up agreement of the printing kind described in Section 1(s) of this Agreement Agreement, but with a 180-day period beginning on the date of such acquisition), and related documents delivered to the Underwriter, (iv) securities issued in future acquisitions accounted for as a pooling of interests (provided that each recipient of such acquisition securities agrees not to dispose of such securities in such a manner or at such a time as would disqualify the preparation, printing transaction for pooling-of-interests accounting treatment).
(i) The Company will establish and filing of maintain all supplements financial control and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificatesfinancial reporting systems customary for well-established public companies, including the transfer agent's feesbut not limited to adequate management information and reporting systems, and will employ and maintain, with adequate staffing levels at headquarters and at each functional division, and at each level of responsibility, an employee staff of well trained and highly qualified financial professionals.
(j) The Company agrees to reimburse you, for will apply the account of net proceeds from the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid offering received by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and it in the review manner set forth under the caption "Use of Proceeds" in the offering by the NASDProspectus.
(k) The Company hereby agrees thatwill, without the prior written consent and at all times for a period of the Underwriter, it will not, during the period ending ninety (90) days at least five years after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of unless such securities are then listed on a national securities exchange, use its best efforts to cause the Common Stock issued under (including the stock option Shares) to be included for quotation on the Nasdaq National Market, and stock purchase plans the Company will comply with all registration, filing, reporting and other requirements of the Company (Exchange Act and the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall Nasdaq National Market which may from time to time be deemed to include any sale to an institution which can, following such sale, sell Common Stock applicable to the public in reliance on Rule 144A.Company.
(l) The Company is familiar will use its best efforts to maintain insurance of the types and in the amounts which it deems adequate for its business consistent with insurance coverage maintained by companies of similar size and engaged in similar businesses including, but not limited to, general liability insurance covering all real and personal property owned or leased by the Company against theft, damage, destruction, acts of vandalism and all other risks customarily insured against.
(m) In accordance with the Investment Warrant Agreement, which the Company Act has executed and delivered, the Company agrees, upon its receipt of 1940, the purchase price therefor (as amended, and has specified in the past conducted its affairsWarrant Agreement), to deliver to Xxx Xxxxxx & Company and will Xxxxxxx Xxxxxx Xxxxx Inc. (individually and not as the Representatives of the Underwriters) on the Closing Date and simultaneously with completion of the purchase and sale of the Firm Shares and on the date the Option Shares are purchased by the Underwriters pursuant to Section 2 of this Agreement, Warrants (in the future conduct its affairsform attached as Exhibit A to the Warrant Agreement) representing the right to purchase 105,000 shares and 7% of the number of Option Shares so purchased, respectively, of Common Stock at a price equal to 120% of the offering price per share to the public as set forth or to be set forth on the Cover Page of the Prospectus or in such the Term Sheet.
(n) The Company will issue no press release prior to or within 70 days after the Closing Date without the Representatives' prior written consent.
(o) Within a manner reasonable time after the Closing Date, not to ensure that exceed 90 days, the Company was not shall supply to the Representatives and will not the Underwriters' counsel, at the Company's cost, such number of bound volumes as may be an "investment company" or a company "controlled" reasonably requested by an "investment company" within such counsel each containing all material documents relating to the meaning offering of the Investment Company Act of 1940, as amended, and the rules and regulations thereunderShares.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees with the Underwriter as follows:
(a) The Company will (i) prepare use its best efforts to cause the Registration Statement, and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted any amendment thereof, if not effective at the time of effectiveness execution of this Agreement, to become effective as promptly as possible. If the Registration Statement has become or becomes effective pursuant to Rule 430A, or filing of the Prospectus is otherwise required under Rule 424(b), the Company will file the Prospectus, properly completed (and in reliance on form and substance reasonably satisfactory to the Underwriter) pursuant to Rule 430A 424(b) within the time period prescribed and will provide evidence satisfactory to the Underwriter of such timely filing. The Company will not file the Prospectus, any amended Prospectus, any amendment (including post-effective amendments) to the Registration Statement or any supplement to the Prospectus without (i) advising the Underwriter thereof and, a reasonable time prior to the proposed filing of such amendment or supplement, furnishing the Underwriter with copies thereof and (ii) not obtaining the prior consent of the Underwriter to such filing. If, in the judgment of the Company, it becomes necessary to amend or supplement the Prospectus, the Company will prepare and file with the Commission, promptly upon the request of the Underwriter, any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy that may be necessary or to which you shall have reasonably objected advisable in writing or which is not in compliance connection with the Securities Act or the rules and regulations distribution of the CommissionShares by the Underwriter and use its best efforts to cause the same to become effective as promptly as possible.
(b) The Company will promptly notify advise the Representatives in the event of Underwriter (i) when the Registration Statement becomes effective, (ii) when any post-effective amendment thereof becomes effective, (iii) of any request by the Commission for any amendment of or supplement to the Registration Statement or for supplement to the Prospectus or for any additional information, (iiiv) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) Statement or the institution or notice of intended institution threatening of any action or proceeding for that purpose, purpose and (ivv) of the receipt by the Company of any notification with respect to the suspension of the registration, qualification or exemption from registration or qualification of the Notes Shares for sale in any jurisdiction, jurisdiction or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort use its best efforts to prevent the issuance of any such a stop order or suspension and, if such an order shall at any time be issued, to obtain as soon as possible the withdrawal thereof at the earliest possible momentthereof.
(c) The Company will (i) on or before the Closing Date, deliver to you the Underwriter and to Underwriter’ counsel a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless and to the extent previously furnished to you)the Underwriter) and all documents filed by the Company with the Commission under the Exchange Act and deemed to be incorporated by reference into any Preliminary Prospectus or the Prospectus and will also deliver to the Underwriter a sufficient number of additional conformed copies of each of the foregoing (excluding exhibits) so that one copy of each may be distributed to the Underwriter, (ii) as promptly as possible deliver to youthe Underwriter, at such office or offices as you the Underwriter may designate, as many copies of the Prospectus as you the Underwriter may reasonably request, request and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealerUnderwriter, likewise send to you the Underwriter as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you the Underwriter may reasonably request for the purposes contemplated by the Securities Act.
(d) If If, in the judgment of the Company, at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessarywhich, in the opinion of counsel for the Company or of counsel for to the Underwriter, it is necessary to supplement or amend the Prospectus in order to make the Prospectus not misleading or so that the Prospectus will not omit to state a material fact necessary to be stated therein, in the light of the circumstances existing each case at the time it the Prospectus is delivered to a purchaser of the NotesShares, or if it shall be necessary to amend or to supplement the Prospectus to comply with the Securities Act or the Rules and Regulations, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in therein not misleading and so that it then will otherwise comply with the light of Securities Act and the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleadingRules and Regulations. If, after the public offering of the Notes Shares by the Underwriter commences and during such period, the Underwriter shall propose proposes to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you the Underwriter will advise the Company in writing of the proposed variationvariation and if, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriter, such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes Shares may be sold by the Underwriter to use the Prospectus, as from time to time so amended or supplemented, in connection with the sale of the Notes Shares in accordance with the applicable provisions of the Securities Act and the applicable rules Rules and regulations thereunder Regulations for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, cooperate with the Underwriter’s counsel in the qualification or registration of the Notes Shares for offer and sale under the securities or blue sky laws of such jurisdictions as you the Underwriter may designate and, if applicable, in connection with exemptions from such qualification or registration and, during the period in which a prospectus Prospectus is required by law to be delivered by the Underwriter or a dealer, in keeping such qualifications qualifications, registrations and exemptions in good standing under said securities or blue sky lawseffect; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify to do business as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, reports and other documents as are or may be required to continue such qualifications qualifications, registrations and exemptions in effect for so long a period as you the Underwriter may reasonably request for the distribution of the NotesShares.
(gf) During a period of five two years commencing with the date hereofof this Agreement, the Company will promptly furnish to you the Underwriter copies of (i) all periodic and special reports furnished by it to stockholders of the Company and of Company, (ii) all information, documents and reports filed by it with the Commission, the Nasdaq SmallCap Market, any securities exchange or the NASD, (iii) all material press releases and material news items or articles in respect of the Company, its products or affairs released or prepared by the Company (other than promotional and marketing materials disseminated solely to customers and potential customers of the Company in the ordinary course of business) and (iv) any additional information concerning the Company or its business which the Underwriter may reasonably request.
(hg) Not As soon as practicable, but not later than the 45th day following the end of the fiscal quarter first occurring ending after the first anniversary of the Effective Date, the Company will make generally available to its security securities holders and furnish to the Underwriter an earnings statement or statements in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(ih) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the Underwriter’s prior written consent of consent, the Underwriter, it Company will not, during and to the period ending ninety (90) days after extent it has any ability to control the date actions of Holders, will not allow the final Prospectus for the public offeringHolders to, (1) in each case directly or indirectly, offer, pledgesell, sellgrant any option to purchase, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer sell or dispose of, directly or indirectly, of any shares of Common Stock Stock, or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery shares of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that for a period of 180 days following the foregoing provisions date of this paragraph Agreement, excluding only (k) shall not apply to (ai) the Notes sale of the Shares to be sold to the Underwriter pursuant to this Agreement, and (bii) the grant by the Company of options to purchase Common Stock (provided that none of such options are or become exercisable during such 180-day period) or the issuance by the Company of shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of in accordance with options previously granted under the Stock Plans, all Company’s presently authorized stock option plans as described through incorporation by reference in the Preliminary Prospectus or in documents incorporated therein, or upon the exercise in accordance with their terms of previously granted warrants which are described in the Prospectus or in documents incorporated therein, and (ciii) shares the issuance of the Warrant and the Warrant Shares thereunder.
(i) The Company will establish and maintain all financial control and financial reporting systems customary for well-established public companies, including but not limited to adequate management information and reporting systems, and will employ and maintain, with adequate staffing levels at headquarters and at each significant Subsidiary or significant functional division, and at each level of responsibility, an employee staff of well trained and highly qualified financial professionals.
(j) The Company will, and at all times for a period of at least three years after the date of this Agreement, unless such securities are then listed on a national securities exchange, use its reasonable best efforts to cause the Common Stock issued (including the Shares and the Warrant Shares) to be included for listing on conversion the Nasdaq SmallCap Market, and the Company will comply with all registration, filing, reporting and other requirements within its control of the Notes. For purposes Exchange Act and the Nasdaq SmallCap Market which may from time to time be applicable to the Company.
(k) The Company will, at all times for a period of at least two years after the date of this paragraph (k)Agreement, a saleuse commercially reasonable efforts to maintain insurance of the types and in the amounts which it deems adequate for its business consistent with insurance coverage maintained by companies of similar size and engaged in similar businesses including, offerbut not limited to, general liability insurance covering all real and personal property owned or leased by the Company against theft, damage, destruction, acts of vandalism and all other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.risks customarily insured against.
(l) The Company will issue no press release prior to the purchase by the Underwriter of all of the Option Shares or within 45 days after the Closing Date, whichever is familiar earlier, without prior consultation with the Investment Underwriter with respect to the contents thereof.
(m) Within 90 days of the Closing Date, the Company Act will furnish each of 1940the Underwriter and its counsel with one bound volume, as amendedwhich shall be standard for an underwriting transaction of the type contemplated by this Agreement.
(n) The Company will comply in all material respects with the provisions of the undertakings contained in the Registration Statement.
(o) The Company will take all steps necessary to comply with the requirements of the NASD in connection with the issuance and sale of the Shares.
(p) The Company will comply in all material respects with all applicable securities and other applicable laws, rules and regulations, including, without limitation, the Xxxxxxxx-Xxxxx Act, and has in use its reasonable best efforts to cause the past conducted its affairs, Company’s directors and will in the future conduct its affairsofficers, in their capacities as such, to so comply with such a manner to ensure that laws, rules and regulations, including, without limitation, the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning provisions of the Investment Company Act of 1940, as amended, and the rules and regulations thereunderXxxxxxxx-Xxxxx Act.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees with the several Underwriters as follows:
(a) The Company will (i) prepare use its best efforts to cause the Registration Statement, and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted any amendment thereof, if not effective at the time of effectiveness execution of this Agreement, to become effective as promptly as possible. If the Registration Statement has become or becomes effective pursuant to Rule 430A, or filing of the Prospectus is otherwise required under Rule 424(b), the Company will file the Prospectus, properly completed (and in reliance on form and substance reasonably satisfactory to the Underwriters) pursuant to Rule 430A 424(b) within the time period prescribed and will provide evidence satisfactory to the Representatives of such timely filing. The Company will not file the Prospectus, any amended Prospectus, any amendment (including post-effective amendments) to the Registration Statement or any supplement to the Prospectus without (i) advising the Representatives of and, a reasonable time prior to the proposed filing of such amendment or supplement, furnishing the Representatives with copies thereof and (ii) not obtaining the prior consent of the Representatives to such filing. The Company will prepare and file with the Commission, promptly upon the request of the Representatives, any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy that may be necessary or to which you shall have reasonably objected advisable in writing or which is not in compliance connection with the Securities Act or the rules and regulations distribution of the CommissionShares by the Underwriters and use its best efforts to cause the same to become effective as promptly as possible.
(b) The Company will promptly notify advise the Representatives in the event of (i) the request by the Commission for amendment of when the Registration Statement or for supplement to the Prospectus or for any additional informationbecomes effective, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of when any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.thereof becomes effective,
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as followsagrees:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement To advise you promptly and, if requested by you, to confirm such advice in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives in the event writing, of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission any state securities commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution qualification or notice of intended institution exemption from qualification of any action Series A Notes or proceeding Series A Guarantees for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes for offering or sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent purpose by the issuance of such a stop order andCommission or any state securities commission or other regulatory authority, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies happening of any supplement to the Prospectus and of event that makes any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact made in the Offering Memorandum untrue or omit which requires the making of any additions to state any material fact necessary or changes in the Offering Memorandum in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaserunder which they were made, not misleading. If, after The Company shall use all commercially reasonable efforts to prevent the public offering issuance of any stop order or order suspending the qualification or exemption of the Series A Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, Series A Guarantees under any state securities or Blue Sky laws and, if in at any time any state securities commission shall issue any stop order suspending the opinion either qualification or exemption of counsel for the Company Series A Notes or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented Series A Guarantees under any state securities or amendedBlue Sky laws, the Company will forthwith prepare shall use every reasonable effort to obtain the withdrawal or lifting of such order at the earliest possible time.
(b) To furnish to you, as many copies of the Offering Memorandum, and file any amendments or supplements thereto, as you may reasonably request. Such copies shall be furnished without charge for use in connection with the Commission Exempt Resales for the nine-month period immediately following the Closing Date. The Company consents to the use of the Offering Memorandum, and any amendments and supplements thereto required pursuant to this Agreement, by you in connection with the Exempt Resales that are in compliance with this Agreement.
(c) Not to amend or supplement the Offering Memorandum prior to the Closing Date or during the period referred to in (d) below unless you shall previously have been advised of, and shall not have reasonably objected to, such amendment or supplement within a reasonable time, but in any event not longer than five days after being furnished a copy of such amendment or supplement. The Company shall promptly prepare, upon any reasonable request by you, any amendment or supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes Offering Memorandum that may be sold by the Underwriter to use the Prospectus, as from time to time amended necessary or supplementedadvisable in connection with Exempt Resales.
(d) If, in connection with any Exempt Resales or market making transactions after the sale date of this Agreement and prior to the consummation of the Notes Registered Exchange Offer, any event shall occur that, in accordance with the applicable provisions judgment of the Securities Act Company or in the reasonable judgment of counsel to you, makes any statement of a material fact in the Offering Memorandum untrue or that requires the making of any additions to or changes in the Offering Memorandum in order to make the statements in the Offering Memorandum, in light of the circumstances under which they were made at the time that the Offering Memorandum is delivered to prospective Eligible Purchasers, not misleading, or if it is necessary to amend or supplement the Offering Memorandum to comply with applicable law, the Company shall promptly notify you of such event and prepare an appropriate amendment or supplement to the Offering Memorandum so that (i) the statements in the Offering Memorandum as amended or supplemented will, in light of the circumstances under which they were made at the time that the Offering Memorandum is delivered to prospective Eligible Purchasers, not be misleading and (ii) the Offering Memorandum will comply with applicable rules and regulations thereunder for such periodlaw.
(e) Prior Promptly from time to time to take such action as the filing thereof with Initial Purchasers may reasonably request to qualify the Commission, Series A Notes and the Company will submit to you, Series A Guarantees for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer offering and sale under the securities or blue sky laws of such jurisdictions as you the Initial Purchasers may designate andrequest (provided, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not now so qualified. The Company will from time qualified or to time, prepare take any action that would subject it to taxation or to general consent to service of process in any jurisdiction in which it is not now so subject) and file to comply with such statements, reports, laws so as to permit the continuance of sales and other documents dealings therein in such jurisdictions for as are or long as may be required necessary to continue such qualifications in effect for so long a period as you may reasonably request for complete the distribution of the NotesSeries A Notes and the Series A Guarantees.
(f) Prior to the Closing Date, to furnish to you, as soon as they have been prepared, a copy of any internal consolidated financial statements of the Company for any period subsequent to the period covered by the financial statements appearing in the Offering Memorandum.
(g) During a period of five years commencing with To use all commercially reasonable efforts to do and perform all things required to be done and performed under this Agreement by it prior to or after the date hereof, Closing Date and to satisfy all conditions precedent on its part to the Company will furnish to you copies of all periodic and special reports furnished to stockholders delivery of the Company Series A Notes and of all information, documents and reports filed with Commissionthe Series A Guarantees.
(h) Not later than to sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any security (as defined in the 45th day following Securities Act) that would be integrated with the end sale of the fiscal quarter first occurring after Series A Notes in a manner that would require the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of registration under the Securities Act and Rule 158 thereunderof the sale to you or the Eligible Purchasers of Series A Notes.
(i) The During any period in which the Company agrees is not subject to pay all costs Section 13 or 15(d) of the Exchange Act within the two-year period following the Closing Date, to make available to any registered holder or beneficial owner of Series A Notes in connection with any sale thereof and expenses incident to any prospective purchaser of such Series A Notes from such registered holder or beneficial owner, the performance of its obligations information required by Rule 144A(d)(4) under this Agreement and the Indenture, including all costs and expenses incidentSecurities Act.
(ij) To use all commercially reasonable efforts to effect the preparation, printing and filing with inclusion of the Commission and Notes in the National Association of Securities Dealers, Inc. Automated Quotation System - PORTAL ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1PORTAL"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without To apply the prior written consent net proceeds from the sale of the Underwriter, it will not, during Series A Notes being sold by the period ending ninety (90) days after Company as set forth in the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued Offering Memorandum under the stock option and stock purchase plans caption "Use of the Company (the Proceeds."Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, To take such steps as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner shall be necessary to ensure that neither the Company was not and will not be an "investment company" or a company "controlled" by nor any subsidiary shall become an "investment company" within the meaning of such term under the United States Investment Company Act of 1940, as amended, 1940 and the rules and regulations of the Commission thereunder.
(m) To take such steps as shall be necessary to ensure that all the subsidiaries of the Company that are not designated as "unrestricted subsidiaries" or "foreign subsidiaries" in accordance with the Indenture will be guarantors of the Notes.
(n) For a period of 90 days from the date of the Offering Memorandum, not to, directly or indirectly, sell, offer to sell, contract to sell, grant any option to purchase, issue any instrument convertible into or exchangeable for, or otherwise transfer or dispose of (or enter into any transaction or device which is designed to, or could be expected to, result in the disposition in the future of), any debt securities of the Company or any of its subsidiaries, except (i) for the Series B Notes in connection with the Registered Exchange Offer or (ii) with the prior consent of Xxxxxx Brothers Inc.
Appears in 1 contract
Samples: Purchase Agreement (Microdyne Corp)
Further Agreements of the Company. The Company covenants and agrees with the several Underwriters as follows:
(a) The Company will use its best efforts to cause the Registration Statement, and any amendment thereof, if not effective at the time and date this Agreement is executed and delivered by the parties hereto, to become effective as promptly as possible. If the Registration Statement has become or becomes effective pursuant to Rule 430A, or filing of the Prospectus is otherwise required under Rule 424(b), the Company will file the Prospectus, properly completed (and in form and substance reasonably satisfactory to the Underwriters) pursuant to Rule 424(b) within the time period prescribed and will provide evidence satisfactory to the Representative of such timely filing. The Company will not file the Prospectus, any amended Prospectus, any amendment (including post-effective amendments) to the Registration Statement or any supplement to the Prospectus without (i) prepare and timely file advising the Representative of and, a reasonable time prior to the proposed filing of such amendment or supplement, furnishing the Representative with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A copies thereof and (ii) not obtaining the prior consent of the Representative to such filing. The Company will prepare and file with the Commission, promptly upon the request of the Representative, any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy that may be necessary or to which you shall have reasonably objected advisable in writing or which is not in compliance connection with the Securities Act or the rules and regulations distribution of the CommissionShares by you and use its best efforts to cause the same to become effective as promptly as possible.
(b) The Company will promptly notify advise the Representatives in the event of Representative (i) when the Registration Statement becomes effective, (ii) when any amendment thereto becomes effective, (iii) of any request by the Commission for any amendment of to or supplement to the Registration Statement or for supplement to the Prospectus or for any additional information, (iiiv) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) Statement or the institution or notice of intended institution threatening of any action or proceeding for that purpose, purpose and (ivv) of the receipt by the Company of any notification with respect to the suspension of the registration, qualification or exemption from registration or qualification of the Notes Shares for sale in any jurisdiction, jurisdiction or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort use its best efforts to prevent the issuance of any such a stop order or suspension and, if such an order shall at any time be issued, to obtain as soon as possible the withdrawal thereof at the earliest possible momentthereof.
(c) The Company will (i) on or before the Closing Date, deliver to you and your counsel a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless and to the extent previously furnished to you)) and will also deliver to you, for distribution to the several Underwriters, a sufficient number of additional conformed copies of each of the foregoing (excluding exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youeach of you and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, request and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or a dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act. In addition, no later than ninety (90) days following the Closing Date, the Company shall provide the Representative and its counsel, at the Company's cost, such number of bound volumes as may be reasonably requested by the Representative and its counsel, each volume to contain all of the documents relating to the offering of the Shares.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or a dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, necessary to supplement or amend the Prospectus in order to make the Prospectus not misleading or so that the Prospectus will not omit to state a material fact necessary to be stated therein, in the light of the circumstances existing each case at the time it the Prospectus is delivered to a purchaser of the NotesShares, or if it shall be necessary to amend or to supplement the Prospectus to comply with the Securities Act or the Rules and Regulations, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in therein not misleading and so that it then will otherwise comply with the light of Securities Act and the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleadingRules and Regulations. If, after the public offering of the Notes Shares by the Underwriter Underwriters and during such period, the Underwriter shall Underwriters propose to vary the terms of the offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variationvariation and if, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters, such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Shares may be sold by the Underwriter Underwriters to use the Prospectus, as from time to time so amended or supplemented, in connection with the sale of the Notes Shares in accordance with the applicable provisions of the Securities Act and the applicable rules Rules and regulations thereunder Regulations for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when cooperate with you and as requested by you, your counsel in the qualification or registration of the Notes Shares for offer and sale under the securities or blue sky Blue Sky laws of such jurisdictions as you may designate and, if applicable, in connection with exemptions from such qualification or registration and, during the period in which a prospectus Prospectus is required by law to be delivered by the an Underwriter or a dealer, in keeping such qualifications qualifications, registrations and exemptions in good standing under said securities or blue sky lawseffect; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify to do business as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, reports and other documents as are or may be required to continue such qualifications qualifications, registrations and exemptions in effect for so long a period as you may reasonably request for the distribution of the NotesShares.
(gf) During a period of five years commencing with the date hereofof this Agreement, the Company will promptly furnish to you and to each Underwriter who may so request in writing copies of (i) all periodic and special reports furnished by it to stockholders of the Company and of Company, (ii) all information, documents and reports filed by it with the Commission, the Nasdaq National Market, any securities exchange or the National Association of Securities Dealers, Inc., (iii) every material press release and every material news item or article in respect of the Company or its affairs delivered to stockholders or prepared by the Company or any of its subsidiaries and (iv) any additional information concerning the Company or its business that the Representative may reasonably request.
(hg) Not As soon as practicable, but not later than the 45th day following the end of the fiscal quarter first occurring ending after the first anniversary of the Effective Date, the Company will make generally available to its security securities holders and furnish to the Representative an earnings statement or statements in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(h) The Company agrees that it will not and it will cause the Sole Stockholder to enter into an agreement with the Representative to the effect that he will not without your prior written consent, in each case directly or indirectly, sell, offer, contract to sell, grant any option to purchase or otherwise dispose of any shares of Common Stock, or any securities convertible into, exchangeable for or exercisable for Common Stock, or any rights to purchase or acquire Common Stock, for a period of one year following the date of this Agreement, excluding only (i) the sale of the Shares to be sold to the Underwriters pursuant to this Agreement and (ii) the grant of options to purchase Common Stock under the Company's presently authorized employee plans that are described in the Prospectus, in accordance with the provisions of such plans as so authorized, so long as none of such options become exercisable within one year from the date of this Agreement.
(i) The Company agrees to pay all costs and expenses incident to will apply the performance net proceeds from the offering received by it in the manner set forth under the caption "Use of its obligations under this Agreement and Proceeds" in the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees will, and at all times for a period of at least five years after the date of this Agreement, unless such securities are then listed on a national securities exchange, use its best efforts to reimburse youcause the Common Stock (including the Shares) to be included for quotation on the Nasdaq National Market, for and the account Company will comply with all registration, filing, reporting and other requirements of the several Underwriter, for blue sky fees Exchange Act and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for Nasdaq National Market that may from time to time be applicable to the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASDCompany.
(k) The Company hereby agrees that, without the prior written consent will use its best efforts to maintain insurance of the Underwritertypes and in the amounts which it deems adequate for its business consistent with insurance coverage maintained by companies of similar size and engaged in similar businesses including, it will notbut not limited to, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option general liability insurance covering all real and personal property owned or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled leased by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans")against theft, including Common Stock issued upon the exercise damage, destruction, acts of options granted under the Stock Plans, vandalism and all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.risks customarily insured against.
(l) The Company is familiar with will maintain a transfer agent and, if necessary under the Investment jurisdiction of incorporation of the Company, a registrar (which may be the same entity as the transfer agent) for its Common Stock.
(m) If at any time during the twenty-five (25) day period after the Registration Statement becomes effective, any rumor, publication or event relating to or affecting the Company Act shall occur as a result of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairswhich, in your opinion, the market price of the Common Stock has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a manner supplement to ensure that or amendment of the Prospectus), the Company was not will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of and will not be an "investment company" disseminate a press release or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940other public statement, as amendedreasonably satisfactory to you, and the rules and regulations thereunderresponding to or commenting on such rumor, publication or event.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules Rules and regulations of the CommissionRegulations.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five three years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commissionthe Commission including the Report on Form SR required by Rule 463 of the Commission under the Securities Act.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") NASD of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees. Except as specifically provided for in this Section 6, the Underwriters will pay their own costs and expenses, including fees of their counsel, any stock transfer taxes due upon any resale of Stock by them and advertising costs incurred by them.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Chase Securities Inc. on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 180 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, directly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, Stock or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (bA) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock PlansCompany's stock option plan or upon the exercise of warrants outstanding as of the date hereof, all as described through incorporation by reference in the Preliminary Prospectus Prospectus, and (cB) options to purchase Common Stock granted under the Company's stock option plan. If this Agreement is terminated prior to the Closing Date, the provisions of this Section 6(k) shall be of no further force or effect.
(l) The Company agrees to use its best efforts to cause all directors, officers, and the beneficial owners of the outstanding Common Stock identified on ANNEX C hereto to agree that, without the prior written consent of Chase Securities Inc. on behalf of the Underwriters, such person or entity will not, for a period of 180 days following the commencement of the public offering of the Stock by the Underwriters, directly or indirectly, sell, offer, contract to sell, transfer the economic risk of ownership in, make any short sale, pledge or otherwise dispose of any shares of Common Stock issued on conversion or any securities convertible into or exchangeable or exercisable for or any rights to purchase or acquire Common Stock.
(m) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Stock has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Notes. For purposes of this paragraph (kProspectus), the Company will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and disseminate a sale, offer, press release or other disposition shall be deemed public statement, reasonably satisfactory to include any sale you, responding to an institution which canor commenting on such rumor, following such sale, sell Common Stock to the public in reliance on Rule 144A.publication or event.
(ln) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
(o) The Company (i) will comply with all applicable securities and other applicable laws, rules and regulations in each jurisdiction in which the Directed Shares are offered and (ii) will pay all reasonable fees and disbursements of counsel incurred by the Underwriters in connection with the Directed Share Program and any stamp duties, similar taxes or duties or other taxes, if any, incurred by the Underwriters in connection with the Directed Share Program.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees with the Underwriter as follows:
(a) If the Registration Statement has not yet become effective, the Company will promptly file the Final Amendment with the Commission, will use its best efforts to cause the Registration Statement to become effective and, as soon as the Company is advised, will advise you when the Registration Statement or any amendment thereto has become effective. If the Registration Statement has become effective, the Company will file the 430A Prospectus as promptly as practicable, but no later than the second business day following the date of this Agreement, and will provide you satisfactory evidence of the filing. The Company will not file any prospectus or any other amendment (i) prepare and timely file except any post-effective amendment required by Rule 8b-16 of the Investment Company Act which is filed with the Commission under Rule 424(b) a Prospectus containing information previously omitted at after the time later of effectiveness one year from the date of this Agreement or the date on which the distribution of the Registration Statement in reliance on Rule 430A and (iiPreferred Shares is completed) not file any amendment or supplement to the Registration Statement or supplement Prospectus unless a copy has first been submitted to the Prospectus of which you within a reasonable time before its filing and you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with to it within a reasonable time after receiving the Securities Act or the rules and regulations of the Commissioncopy.
(b) The Company will advise you, promptly notify the Representatives in the event of (i) the request by the Commission for amendment of the Registration Statement after it shall receive notice or for supplement to the Prospectus or for any additional informationobtain knowledge thereof, (ii1) of the issuance by the Commission of any stop order suspending the effectiveness in respect of the Registration StatementCompany, or in respect of the Investment Adviser which relates to the Company, (iii2) of the institution initiation or notice of intended institution threatening of any action proceedings for, or proceeding for that purpose, (iv) the receipt by the Company of any notification notice with respect to to, the suspension of the qualification of the Notes Preferred Shares for sale in any jurisdiction, jurisdiction or the issuance of any stop order by the Commission suspending the effectiveness of the Registration Statement and (v3) the of receipt by it of notice the Company or any representative or attorney of the initiation or threatening Company of any proceeding for such purposeother communication from the Commission relating to the Company, the Registration Statement, the Notification, any Preliminary Prospectus, the Prospectus or to the transactions contemplated by this Agreement. The Company will make every reasonable effort to prevent the issuance of such a stop order suspending the effectiveness of the Registration Statement and, if any such an stop order shall at any time be is issued, to obtain the withdrawal thereof at the earliest possible momentits lifting as soon as possible.
(c) The Company will (i) on or before the Closing Date, deliver furnish to you a and your counsel three signed copy copies of the Registration Statement and any amendments (except any post-effective amendment required by Rule 8b-16 of the Investment Company Act which is filed with the Commission after the later of one year from the date of this Agreement or the date on which the distribution of the Preferred Shares is completed) to either of them (including all exhibits filed with any such document) and as originally filed and many conformed copies of each amendment thereto filed prior to the time the Registration Statement becomes and of any amendments and supplements (except any post-effective and, promptly upon amendment required by Rule 8b-16 of the filing thereof, a signed copy Investment Company Act which is filed with the Commission after the later of each post- effective amendment, if any, one year from the date of this Agreement or the date on which the distribution of the Preferred Shares is completed) to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices documents as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the reasonably request.
(d) During such period in which as a prospectus is required by law to be delivered by an underwriter or a dealer, the Company will furnish to the Underwriter or dealerand any dealers who may so request in writing, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement may from time to the Prospectus and of any amended Prospectustime be reasonably requested, filed by the Company with the Commissionand, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer if any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur occurs during such period as a result of which it is necessary, in the opinion of counsel for the Company necessary to amend or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at when the time such Prospectus is delivered to such a purchaser, not misleading. Ifmisleading in any material respect, after the public offering of the Notes by the Underwriter and or if during such periodperiod it is necessary to amend or supplement the Prospectus to comply with the Securities Act, the Underwriter shall propose to vary Investment Company Act, the terms of offering thereof by reason of changes in general market conditions Securities Act Rules or otherwise, you will advise the Investment Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amendedAct Rules, the Company will forthwith prepare and promptly prepare, submit to you, file with the Commission a supplement and furnish to the Underwriter and to any dealers (whose names and addresses you will furnish to the Company) to whom Preferred Shares may have been sold by you, and to other dealers upon request, amendments or supplements to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes so that the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use statements in the Prospectus, as from time to time so amended or supplemented, will not, in connection light of the circumstances existing when the Prospectus is delivered to a purchaser, be misleading in any material respect and will comply with the sale of Securities Act, the Notes in accordance with the applicable provisions of Investment Company Act, the Securities Act Rules and the applicable rules and regulations thereunder for Investment Company Act Rules. Delivery by the Underwriter of any such periodamendments or supplements to the Prospectus will not constitute a waiver of any of the conditions in Section 11.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its the Company's security holders holders, as soon as practicable, but in any event not later than 15 months after the end of the Company's current fiscal quarter, an earnings statement in accordance with of the Company, which need not be audited, satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunderof the Securities Act Rules, and will advise you in writing when such statement has been so made available.
(if) [Intentionally Omitted.]
(g) The Company agrees Company, whether or not the transactions contemplated hereunder are consummated or this Agreement is terminated, will pay or cause to pay be paid (1) all expenses (including transfer taxes allocated to the respective transferees) incurred in connection with the delivery to the Underwriter of the Preferred Shares, (2) all expenses and fees (including, without limitation, fees and expenses of the Company's accountants and counsel but, except as otherwise provided below, not including fees of the Underwriter's counsel) in connection with the preparation, printing, filing, delivery and shipping of the Registration Statement (including all amendments, schedules and exhibits thereto), the Preferred Shares, each Preliminary Prospectus, the Prospectus and any amendment thereof or supplement thereto, and the printing, delivery and shipping of this Agreement and other underwriting documents, (3) the fees and expenses of any transfer agent or registrar, (4) any fees charged by securities rating services for rating the Preferred Shares, (5) the fees and expenses of DTC and its nominee and the Auction Agent, and (6) all other costs and expenses incident to the performance of its obligations under hereunder that are not otherwise specifically provided for herein. If the sale of the Preferred Shares provided for herein is not consummated by reason of action by the Company pursuant to Section 10(a) hereof which prevents this Agreement and from becoming effective, or by reason of any failure, refusal or inability on the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") part of the Registration StatementCompany to perform any agreement on its part to be performed, or because any Preliminary Prospectusother condition of the Underwriter's obligations hereunder required to be fulfilled by the Company is not fulfilled, or because this Agreement is terminated pursuant to Section 12 hereof, the Prospectus Company or the Investment Adviser will reimburse the Underwriter for all out-of-pocket disbursements (including fees and disbursements of counsel) incurred by the Form T-1 filed Underwriter in connection with its investigation, preparing to market and marketing the Notes (the "Form T-1"), (ii) the furnishing Preferred Shares or in contemplation of performing its obligations hereunder. The Company shall not in any event be liable to the Underwriter for loss of copies of any Preliminary Prospectus and of anticipated profits from the several documents required transactions covered by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's feesAgreement.
(jh) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the Without your prior written consent of consent, the Underwriter, it Company will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) not offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stockregister with the Commission, or (2) enter into announce an offering of, any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans equity securities of the Company (Company, within 180 days after the "Stock Plans")Effective Date, including Common Stock issued upon except for the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.Preferred Shares.
(li) The Company is familiar with will use the Investment Company Act net proceeds received by it from the sale of 1940, as amended, and has the Preferred Shares in the past conducted its affairs, and will manner specified in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an Prospectus under "investment company" or a company Use of Proceeds."controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Samples: Purchase Agreement (First American Minnesota Municipal Income Fund Ii Inc)
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules Rules and regulations of the CommissionRegulations.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer dealer, any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules Rules and regulations thereunder Regulations for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") NASD of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees and shall use its best efforts to cause all directors, officers and stockholders to agree that, without the prior written consent of Xxxxxxxxx & Xxxxx LLC on behalf of the UnderwriterUnderwriters, it the Company will not, during and such person or entity will not, for a period of 180 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, directly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock capital stock or any securities convertible into or exchangeable or exercisable for or exchangeable for Common Stock, any rights to purchase or acquire capital stock or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stockcapital stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock capital stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aI) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bii) shares the granting of options to purchase Common Stock issued under the Company's stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.plan.
(l) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Stock has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Prospectus), the Company will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and disseminate a press release or other public statement, reasonably satisfactory to you, responding to or commenting on such rumor, publication or event.
(m) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
(n) The Company will comply with the Securities Act and the Rules and Regulations, and the Securities Exchange Act of 1934 (herein called the Exchange Act) and the Rules and Regulations, so as to permit the completion of the distribution of the Stock as contemplated in this Agreement and the Prospectus.
(o) The Company shall apply the net proceeds of its sale of the Stock as set forth in the Prospectus under the heading "Use of Proceeds."
(p) The Company will not take, directly or indirectly, any action designed to cause or result in, or that has constituted or might reasonably be expected to constitute, the stabilization or manipulation of the price of the Common Stock of the Company.
(q) The Company will maintain a transfer agent and, if necessary under the jurisdiction of incorporation of the Company, a registrar (which may be the same entity as the transfer agent) for its Common Stock.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as followsagrees:
(a) The Prior to the termination of the offering of the Securities, the Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or any supplement to the Final Prospectus of which or any Preliminary Prospectus unless the Company has furnished you shall not previously have been advised and furnished with a copy for your review prior to filing and will not file any such proposed amendment or supplement to which you reasonably object; provided, however, that the Company shall have reasonably objected in writing or which not be prevented from filing any such document that its counsel has concluded is required by law. The Representatives shall notify the Company promptly following the Closing Date if the offering of the Securities is not completed on the Closing Date. The Company will cause the Final Prospectus and any supplement thereto to be filed in compliance a form approved by the Representatives with the Securities Act or Commission pursuant to the rules and regulations applicable paragraph of Rule 424(b) within the Commission.
(b) time period prescribed. The Company will promptly notify advise the Representatives in the event of (i) when the Final Prospectus, and any supplement thereto, shall have been filed (if required) with the Commission pursuant to Rule 424(b), (ii) when, prior to termination of the offering of the Securities, any amendment to the Registration Statement shall have been filed or become effective, (iii) of any request by the Commission or its staff for any amendment of the Registration Statement Statement, or for any supplement to the Final Prospectus or for any additional information, (iiiv) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) Statement or of any notice objecting to its use or the institution or notice of intended institution threatening of any action or proceeding for that purpose, purpose and (ivv) of the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Securities for sale in any jurisdiction, jurisdiction or (v) the receipt by it of notice of the initiation institution or threatening of any proceeding for such purpose. The Company will make every use its reasonable effort best efforts to prevent the issuance of any such a stop order or the occurrence of any such suspension or objection to the use of the Registration Statement and, if upon such an order shall at any time be issuedissuance, occurrence or notice of objection, to obtain as soon as possible the withdrawal thereof at of such stop order or relief from such occurrence or objection, including, if necessary, by filing an amendment to the earliest possible momentRegistration Statement or a new registration statement and using its reasonable best efforts to have such amendment or new registration statement declared effective as soon as practicable.
(b) To prepare a final term sheet, containing a description of final terms of the Securities and the offering thereof, in the form approved by you and attached as Schedule II hereto and to file such term sheet pursuant to Rule 433(d) within the time required by such Rule.
(c) The Company will (i) on or before the Closing DateIf, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed at any time prior to the time filing of the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, Final Prospectus pursuant to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to youRule 424(b), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur occurs as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain Disclosure Package would include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, therein in the light of the circumstances existing at under which they were made or the time such Prospectus is delivered to such purchaser, circumstances then prevailing not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith (i) notify promptly the Representatives so that any use of the Disclosure Package may cease until it is amended or supplemented; (ii) amend or supplement the Disclosure Package to correct such statement or omission; and (iii) supply any amendment or supplement to you in such quantities as you may reasonably request.
(d) If, at any time when a prospectus relating to the Securities is required to be delivered under the Act (including in circumstances where such requirement may be satisfied pursuant to Rule 172), any event occurs as a result of which the Final Prospectus as then supplemented would include any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein in the light of the circumstances under which they were made at such time not misleading, or if it shall be necessary to amend the Registration Statement, file a new registration statement or supplement the Final Prospectus to comply with the Act or the Exchange Act or the respective rules thereunder, including in connection with use or delivery of the Final Prospectus, the Company promptly will (i) notify the Representatives of any such event, (ii) prepare and file with the Commission a supplement Commission, subject to the Prospectus second sentence of paragraph (a) of this Section 5, an amendment or an amended Prospectus setting forth supplement or new registration statement which will correct such variation. The Company authorizes statement or omission or effect such compliance, (iii) use its reasonable best efforts to have any amendment to the Underwriter and all dealers Registration Statement or new registration statement declared effective as soon as practicable in order to whom avoid any disruption in use of the Notes Final Prospectus and (iv) supply any supplemented Final Prospectus to you in such quantities as you may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such periodreasonably request.
(e) Prior The Company will furnish to the filing thereof with Representatives and counsel for the CommissionUnderwriters, without charge, signed copies of the Company will submit Registration Statement (including exhibits thereto) and to you, for your information, each other Underwriter a copy of any post-effective amendment to the Registration Statement (without exhibits thereto) and, so long as delivery of a prospectus by an Underwriter or dealer may be required by the Act (including in circumstances where such requirement may be satisfied pursuant to Rule 172), as many copies of each Preliminary Prospectus, the Final Prospectus and each Issuer Free Writing Prospectus and any supplement thereto as the Representatives may reasonably request. The Company will pay the expenses of printing or other production of all documents relating to the Prospectus or any amended Prospectus proposed to be filedoffering.
(f) The Company will cooperateAs soon as practicable after the date hereof, when and as requested by you, in to make generally available to the qualification Company’s security holders an earnings statement of the Notes Company and its subsidiaries satisfying the provisions of Section 11(a) of the Act and Rule 158.
(g) [Reserved]
(h) Promptly from time to time to take such action as the Representatives may reasonably request so that the Underwriters may qualify the Securities for offer offering and sale under the securities or blue sky laws of such jurisdictions as you the Representatives may designate and, during request and to comply with such laws so as to permit the period continuance of sales and dealings therein in which a prospectus is required by law such jurisdictions for as long as may be necessary to be delivered by complete the Underwriter or dealer, distribution of the Securities; provided that in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that connection therewith the Company shall not be obligated required to qualify as a foreign corporation or to file any a general consent to service of process in any jurisdiction, or to qualify as a foreign corporation subject itself to taxation in respect of doing business in any jurisdiction jurisdiction, in which it is not otherwise so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereundersubject.
(i) The To apply the net proceeds from the sale of the Securities being sold by the Company agrees to pay all costs and expenses incident to as set forth in the performance of its obligations under this Agreement Disclosure Package and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Final Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse youthat, for unless it has or shall have obtained the account prior written consent of the several Representatives, and each Underwriter, for blue sky fees severally and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for not jointly, agrees with the Underwriter) paid by Company that, unless it has or for shall have obtained, as the account case may be, the prior written consent of the Underwriter Company, it has not made and will not make any offer relating to the Securities that would constitute an Issuer Free Writing Prospectus or its counsel that would otherwise constitute a “free writing prospectus” (as defined in qualifying Rule 405) required to be filed by the Notes Company with the Commission or retained by the Company under state securities or blue sky lawsRule 433, in conducting other than a legal investment survey and free writing prospectus containing the information contained in the review final term sheet prepared and filed pursuant to Section 5(b) hereto; provided that the prior written consent of the offering parties hereto shall be deemed to have been given in respect of the Free Writing Prospectuses included in Schedule III hereto and any electronic road show. Any such free writing prospectus consented to by the NASDRepresentatives or the Company is hereinafter referred to as a “Permitted Free Writing Prospectus.” The Company agrees that (x) it has treated and will treat, as the case may be, each Permitted Free Writing Prospectus as an Issuer Free Writing Prospectus and (y) it has complied and will comply, as the case may be, with the requirements of Rules 164 and 433 applicable to any Permitted Free Writing Prospectus, including in respect of timely filing with the Commission, legending and record keeping.
(k) The Company hereby agrees thatwill not, without the prior written consent of the UnderwriterRepresentatives, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchasepledge, or otherwise transfer dispose of (or dispose enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by the Company or any affiliate of the Company or any person in privity with the Company or any affiliate of the Company), directly or indirectly, including the filing (or participation in the filing) of a registration statement with the Commission in respect of, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Exchange Act, any debt securities issued or guaranteed by the Company (other than the Securities) or publicly announce an intention to effect any such transaction, until the Business Day following the Closing Date.
(l) The Company will not take, directly or indirectly, any shares of Common Stock action designed to or any securities convertible into that would constitute or exercisable that might reasonably be expected to cause or exchangeable for Common Stockresult in, or (2) enter into any swap or similar agreement that transfers, in whole or in part, under the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash Exchange Act or otherwise; PROVIDED, HOWEVER, that stabilization or manipulation of the foregoing provisions price of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans any security of the Company (to facilitate the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion sale or resale of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunderSecurities.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus (including the issuance or filing of which any term sheet within the meaning of Rule 434) only if (x) you shall not previously have been advised and furnished with a copy or to which of such document, (y) you shall not have reasonably objected in writing or which to the filing of such document and (z) such document is not in compliance with the Securities Act or and the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, will deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible practicable, will deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise will send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after If the public offering of the Notes by the Underwriter and during such period, the Underwriter Underwriters shall propose to vary the terms of the offering thereof of the Stock by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five two years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders shareholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings earning statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees with the Underwriters to pay all costs and expenses incident to the performance of its the Company's and the Selling Securityholders' obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing copying of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for state or Canadian provincial blue sky sky, registration or private placement fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing copying memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state or provincial securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The provisions of paragraphs (i) and (j) of this Section are intended to relieve the Underwriters from the payment of the expenses and costs which the Company hereby agrees to pay and shall not affect any agreement which the Company and the Selling Securityholders may make, or may have made, for the sharing of any such expenses and costs. Without limiting the foregoing, all fees and expenses of counsel for each Selling Securityholder and all underwriters' discounts and commissions in respect of the sale of the Stock to be sold hereunder by such Selling Securityholder shall be paid by such Selling Securityholder.
(l) The Company and each of the Selling Securityholders hereby agrees that, without the prior written consent of Xxxxxxxxx & Xxxxx LLC on behalf of the UnderwriterUnderwriters, it the Company or such Selling Securityholder, as the case may be, will not, during for a period of 90 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, directly or indirectly, (1i) offer, pledgeissue, sell, offer, contract to sell, sell transfer the economic risk of ownership in, make any option or contract to purchaseshort sale, purchase any option or contract to sell, grant any option, right or warrant to purchase, pledge or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for Common Stock, any rights to purchase or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of acquire Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the stock option plans of the Company (herein called the Option Plans) or pursuant to the Company's 1995 Employee Stock PlansOption Purchase Plan (herein called the Employee Plan), all as described through incorporation by reference in footnote (2) to the table under the caption "Capitalization" and under the caption "Management" in the Preliminary Prospectus Prospectus, and (cC) shares of options to purchase Common Stock issued on conversion of granted under the Notes. For purposes of this paragraph (k), a sale, offer, Option Plans or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to granted under the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunderEmployee Plan.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees with the several Underwriters as follows:
(a) If the Registration Statement has not yet become effective, the Company will promptly file the Final Amendment with the Commission, will use its best efforts to cause the Registration Statement to become effective and, as soon as the Company is advised, will advise you when the Registration Statement or any amendment thereto has become effective. If the Registration Statement has become effective, the Company will file the 430A Prospectus as promptly as practicable, but no later than the second business day following the date of this Agreement, and will provide you satisfactory evidence of the filing. The Company will not file any prospectus or any other amendment (i) prepare and timely file except any post-effective amendment required by Rule 8b-16 of the Investment Company Act which is filed with the Commission under Rule 424(b) a Prospectus containing information previously omitted at after the time later of effectiveness one year from the date of this Agreement or the date on which the distribution of the Registration Statement in reliance on Rule 430A and (iiStock is completed) not file any amendment or supplement to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with unless a copy or has first been submitted to which you shall within a reasonable time before its filing and you have not reasonably objected in writing or which is not in compliance with to it within a reasonable time after receiving the Securities Act or the rules and regulations of the Commissioncopy.
(b) The Company will advise you, promptly notify the Representatives in the event of (i) the request by the Commission for amendment of the Registration Statement after it shall receive notice or for supplement to the Prospectus or for any additional informationobtain knowledge thereof, (ii1) of the issuance by the Commission of any stop order suspending the effectiveness in respect of the Registration StatementCompany, or in respect of the Investment Adviser which relates to the Company, (iii2) of the institution initiation or notice of intended institution threatening of any action proceedings for, or proceeding for that purpose, (iv) the receipt by the Company of any notification notice with respect to to, the suspension of the qualification of the Notes Stock for sale in any jurisdiction, jurisdiction or the issuance of any stop order by the Commission suspending the effectiveness of the Registration Statement and (v3) the of receipt by it of notice the Company or any representative or attorney of the initiation or threatening Company of any proceeding for such purposeother communication from the Commission relating to the Company, the Registration Statement, the Notification, any Preliminary Prospectus, the Prospectus or to the transactions contemplated by this Agreement. The Company will make every reasonable effort to prevent the issuance of such a stop order suspending the effectiveness of the Registration Statement and, if any such an stop order shall at any time be is issued, to obtain the withdrawal thereof at the earliest possible momentits lifting as soon as possible.
(c) The Company will (i) on or before furnish to the Closing Date, deliver to you a Underwriters and counsel for the Underwriters three signed copy copies of the Registration Statement and the Notification and any amendments (except any post-effective amendment required by Rule 8b-16 of the Investment Company Act which is filed with the Commission after the later of one year from the date of this Agreement or the date on which the distribution of the Stock is completed) to either of them (including all exhibits filed with any such document) and as originally filed and many conformed copies of each amendment thereto filed prior to the time the Registration Statement becomes and of any amendments and supplements (except any post-effective and, promptly upon amendment required by Rule 8b-16 of the filing thereof, a signed copy Investment Company Act which is filed with the Commission after the later of each post- effective amendment, if any, one year from the date of this Agreement or the date on which the distribution of the Stock is completed) to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices documents as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the reasonably request.
(d) During such period in which as a prospectus is required by law to be delivered by the Underwriter an underwriter or a dealer, likewise send the Company will furnish to you the Underwriters and any dealers who may so request in writing, as many additional copies of the Prospectus and as many copies of any supplement may from time to the Prospectus and of any amended Prospectustime be reasonably requested, filed by the Company with the Commissionand, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer if any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur occurs during such period as a result of which it is necessary, in the opinion of counsel for the Company necessary to amend or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at when the time such Prospectus is delivered to such a purchaser, not misleading. Ifmisleading in any material respect, after the public offering of the Notes by the Underwriter and or if during such periodperiod it is necessary to amend or supplement the Prospectus to comply with the Securities Act, the Underwriter shall propose to vary Investment Company Act, the terms of offering thereof by reason of changes in general market conditions Securities Act Rules or otherwise, you will advise the Investment Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amendedAct Rules, the Company will forthwith prepare and promptly prepare, submit to you, file with the Commission a supplement and furnish to the Underwriters and to any dealers (whose names and addresses you will furnish to the Company) to whom Stock may have been sold by you, and to other dealers upon request, amendments or supplements to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes so that the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use statements in the Prospectus, as from time to time so amended or supplemented, will not, in connection light of the circumstances existing when the Prospectus is delivered to a purchaser, be misleading in any material respect and will comply with the sale of Securities Act, the Notes in accordance with the applicable provisions of Investment Company Act, the Securities Act Rules and the applicable rules and regulations thereunder for Investment Company Act Rules. Delivery by the Underwriters of any such periodamendments or supplements to the Prospectus will not constitute a waiver of any of the conditions in Section 11.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its the Company's security holders holders, as soon as practicable, but in any event not later than 15 months after the end of the Company's current fiscal quarter, an earnings statement in accordance with of the Company, which need not be audited, satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunderof the Securities Act Rules, and will advise you in writing when such statement has been so made available.
(if) The Company agrees will take such actions, if any, as you reasonably request in order to qualify the Stock for offer and sale under the securities or "blue sky" laws of such jurisdictions as you reasonably designate.
(g) The Company, whether or not the transactions contemplated hereunder are consummated or this Agreement is prevented from becoming effective under the provisions of Section 9(a) hereof or is terminated, will pay or cause to be paid (1) all expenses (including transfer taxes allocated to the respective transferees) incurred in connection with the delivery to the Underwriters of the Stock, (2) all expenses and fees (including, without limitation, fees and expenses of the Company's accountants and counsel but, except as otherwise provided below, not including fees of the Underwriters' counsel) in connection with the preparation, printing, filing, delivery and shipping of the Registration Statement (including all amendments, schedules and exhibits thereto), the Stock, each Preliminary Prospectus, the Prospectus and any amendment thereof or supplement thereto, and the printing, delivery and shipping of this Agreement and other underwriting documents, including Blue Sky Memoranda (covering the states and other applicable jurisdictions), (3) all filing fees and fees and disbursements of the Underwriters' counsel incurred in connection with the qualification of the Stock for offering and sale by the Underwriters or by dealers under the securities or blue sky laws of the states and other jurisdictions which you shall designate or are necessary to distribute the Stock, (4) the fees and expenses of any transfer agent or registrar, (5) the filing fees incident to any required review by the NASD of the terms and sale of the Stock, (6) listing fees, if any, and (7) all other costs and expenses incident to the performance of its obligations under hereunder that are not otherwise specifically provided for herein. If the sale of the Stock provided for herein is not consummated by reason of action by the Company pursuant to Section 9(a) hereof which prevents this Agreement and from becoming effective, or by reason of any failure, refusal or inability on the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") part of the Registration StatementCompany to perform any agreement on its part to be performed, or because any Preliminary Prospectusother condition of the Underwriters' obligations hereunder required to be fulfilled by the Company is not fulfilled, the Prospectus Company will reimburse the several Underwriters for all out-of-pocket disbursements (including fees and disbursements of counsel) incurred by the Form T-1 filed Underwriters in connection with their investigation, preparing to market and marketing the Notes (the "Form T-1"), (ii) the furnishing Stock or in contemplation of performing their obligations hereunder. The Company shall not in any event be liable to the Underwriter of copies of any Preliminary Prospectus and of the several documents required Underwriters for loss of anticipated profits from the transactions covered by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's feesAgreement.
(jh) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the Without your prior written consent of consent, the Underwriter, it Company will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) not offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of, directly or indirectly, or register with the Commission, or announce an offering of, any equity securities of the Company, within 180 days after the Effective Date, except for the Stock and as otherwise contemplated in the Prospectus with respect to the offering of shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the preferred stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.Company.
(li) The Company is familiar with will use its best efforts to obtain the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning approval of the Investment Company Act of 1940, as amended, and Stock for listing on the rules and regulations thereunderAmerican Stock Exchange.
Appears in 1 contract
Samples: Purchase Agreement (First American Minnesota Municipal Income Fund Ii Inc)
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will To use its best efforts to cause the Registration Statement and any amendment thereto, if not effective at the time and date that this Agreement is executed and delivered by the parties hereto, to become effective.
(b) To advise you promptly in writing, (i) prepare and timely file with of the Commission under Rule 424(breceipt of any comments of the Commission, (ii) a Prospectus containing information previously omitted at the time of effectiveness of when the Registration Statement in reliance on Rule 430A has become effective and (ii) not file when any post-effective amendment to the Registration Statement or supplement to the Prospectus becomes effective, (iii) of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives in the event of (i) the any request by the Commission for amendment of amendments to the Registration Statement or for supplement amendments or supplements to the Prospectus or for any additional information, (iiiv) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution Statement or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for offering or sale in any jurisdiction, jurisdiction(s) or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purposepurposes, and (v) of the happening of any event during the period referred to in paragraph (e) below which makes any statement of a material fact made in the Registration Statement or the Prospectus untrue or which requires the making of any additions to or changes in the Registration Statement or the Prospectus in order to make the statements therein not misleading. The If at any time the Commission shall issue any stop order suspending the effectiveness of the Registration Statement, the Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof or lifting of such order at the earliest possible momenttime.
(c) The Company will (i) on or before the Closing DateTo furnish to you, deliver to you a without charge, three signed copy copies of the Registration Statement as originally first filed with the Commission and of each amendment to it, including all exhibits, and to furnish to you and each Underwriter designated by you such number of conformed copies of the Registration Statement as so filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective andit, promptly upon the filing thereofwithout exhibits, a signed copy of each post- effective amendment, if any, as you may reasonably request.
(d) Not to file any amendment to the Registration Statement (together withother than a post effective amendment of which the purpose is to deregister any portion of Option Stock remaining unpurchased upon lapse or cancellation of the Underwriters option) including, without limitation, documents incorporated by reference, whether before or after the time when it becomes effective, or to make any amendment or supplement to the Prospectus of which you have not been furnished with a copy a reasonable time prior to such filing or to which you reasonably object or which is not in each casecompliance with the Securities Act; and to prepare and file with the Commission, all exhibits thereto unless previously furnished promptly upon your reasonable request, any amendment to you), (ii) as promptly as possible deliver the Registration Statement or supplement to the Prospectus which may be necessary or advisable in connection with the distribution of the Stock by you, at such office or offices as you may designate, as many copies of and to use its best efforts to cause the Prospectus as you may reasonably requestsame to become promptly effective.
(e) Promptly after the Registration Statement becomes effective, and (iii) thereafter from time to time during thereafter for such period as in the period in which opinion of counsel for the Underwriters a prospectus is required by law to be delivered in connection with sales by the an Underwriter or a dealer, likewise send to you as many additional copies of the Prospectus furnish to each Underwriter and dealer as many copies of the Registration Statement, the Prospectus, any Preliminary Prospectus, and any amendment or supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you such Underwriter or dealer may reasonably request for the purposes contemplated by the Securities Act.request. 8 9
(df) If at any time during the period specified in which a prospectus is required by law to be delivered by the Underwriter or dealer paragraph (e) any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessarywhich, in the opinion of counsel for the Company Underwriters, it becomes necessary or of counsel for the Underwriter, advisable to amend or supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at any time that the time such Prospectus is required to be delivered to such purchaserunder the Act, not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose or if it is necessary to vary the terms of offering thereof by reason of changes in general market conditions amend or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that supplement the Prospectus be supplemented or amendedto comply with any law, the Company will forthwith to prepare and file with the Commission a Commission, without delay and at the Company's expense, an appropriate amendment or supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes so that the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use statements in the Prospectus, as from time to time so amended or supplemented, will not in the light of the circumstances existing when it is so delivered, be misleading, or so that the Prospectus will comply with applicable laws, and to cause the Registration Statement to become effective as soon as practicable, and to furnish to each Underwriter and to such dealers as you shall specify, such number of copies thereof as such Underwriter or dealers may reasonably request.
(g) Prior to any public offering of the Stock, to cooperate with you and counsel for the Underwriters in connection with the sale registration or qualification (or exemption from the application of the Notes in accordance with the applicable provisions state securities or Blue Sky laws) of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale by the several Underwriters and by dealers under the securities or blue sky such laws of such states and other jurisdictions as you may designate andrequest, during and to continue such qualification in effect for a period of five years after the period in which a prospectus is required by law to be delivered by the Underwriter or dealerdate hereof, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, provided that the Company shall not be obligated required to qualify as a foreign corporation or to file any a general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which where it is not now so qualified. The Company will from time qualified or required to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notesconsent.
(gh) To advise you promptly of the suspension of the qualification or registration of (or any such exemption relating to) the Stock for offering, sale or trading in any state or other jurisdiction or any initiation or threat of any proceeding for any such purpose, and, in the event of the issuance of any order suspending such qualification, registration or exemption, to use its best efforts, with your cooperation, to obtain the withdrawal thereof.
(i) To mail and make generally available to its stockholders as soon as reasonably practicable, but not later than 45 days after the end of the first fiscal quarter ending after the first anniversary of the "effective date of the Registration Statement" (as defined in Rule 158(c) of the Act), an earnings statement (which need not be audited) covering a period of at least twelve months following the effective date of the Registration Statement which shall satisfy the provisions of the last paragraph of Section 11(a) of the Act.
(j) During a the period of five years commencing with following the date hereof, the Company will furnish to its stockholders, as soon as practicable after the end of each respective period, annual reports (including financial statements audited by independent certified public accountants) and unaudited quarterly reports of operations for each of the first three quarters of the fiscal year, and will furnish to you and the other several Underwriters hereunder, upon request (i) concurrently with furnishing such report to its stockholders, statements of operations of the Company for each of the first three quarters in the form furnished to the Company's stockholders; (ii) concurrently with furnishing to its stockholders, a balance sheet of the Company as of the end of such fiscal year, together with statements of operations, of stockholders' equity, and of cash flows of the Company for such fiscal year, accompanied by a copy of a certificate or report thereon of independent certified public accountants; (iii) as soon as they are available, copies of all periodic reports (financial or other) mailed to stockholders; (iv) as soon as they are available, copies of all reports and special reports financial statements furnished to stockholders of the Company and of all information, documents and reports or filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and any securities exchange or the National Association of Securities Dealers, Inc. ("NASD"); and (v) any additional information of a public nature concerning the Company or its business that you may reasonably request.
(k) To pay all costs, expenses, fees and taxes incident to the obligations of the Company under this Agreement, including, without limiting the generality of the foregoing, all costs, fees, expenses and taxes incident to (i) the preparation, printing, filing and distribution under the Securities Act of the Registration StatementStatement (including financial statements and exhibits), any Preliminary Prospectus, the Prospectus and all amendments and supplements to any of them prior to or during the Form T-1 filed period specified in connection with the Notes paragraph (the "Form T-1"e), (ii) the furnishing to the Underwriter printing and delivery of copies of any each Preliminary Prospectus and of the several documents required by Prospectus and all amendments 9 10 or supplements thereto during the period specified in paragraph (c) of this Section 6 to be so furnishede), (iii) the printing and delivery of this Agreement Agreement, the Preliminary and related Supplemental Blue Sky Memoranda and all other agreements, memoranda, correspondence and other documents printed and delivered in connection with the offering of the Stock (including in each case any disbursements of counsel for the Underwriters relating to the Underwritersuch printing and delivery), (iv) the preparation, printing registration or qualification of the Stock for offer and filing sale under the securities or Blue Sky laws of all supplements the several states (including in each case the fees and amendments disbursements of counsel for the Underwriters relating to the Prospectus referred to in paragraph (d) of this Section 6 such registration or qualification and the T-1memoranda relating thereto), (v) filing fees with the furnishing to you of NASD in connection with the reports and information referred to in paragraph (g) of this Section 6 and offering, (vi) the printing and issuance listing of the Indenture Stock on the National Association of Securities Dealers Automated Quotation System ("NASDAQ") National Market System, (vii) furnishing such copies of the Registration Statement, the Prospectus and all amendments and supplements thereto as may be requested for use in connection with the note certificatesoffering or sale of the Stock by the Underwriters or by dealers to whom Stock may be sold, (viii) the registration and transfer of the Stock, including but not limited to all fees and expenses of the Registrar and Transfer Agent, (ix) the issue and sale of Stock to the Underwriters, including but not limited to all necessary issue, transfer and other stamp taxes, (x) services provided by Company's counsel and independent accountants, and (xi) all other fees, costs and expenses referred to in Item 14 of the Registration Statement. Except as provided in this Section 6(k), and Section 6(l) and Section 7 hereof, the Underwriters shall pay all of their own expenses, including the transfer agent's feesfees and disbursements of their counsel (excluding those relating to qualification, registration or exemption under the Blue Sky Laws).
(jl) The To reimburse the several Underwriters for out-of-pocket expenses, including fees and disbursements of counsel, incurred in connection with investigating, marketing and proposing to market the Stock or in contemplation of performing their obligations hereunder, if this Agreement shall not be consummated because the obligations of the Underwriters under this Agreement are discharged pursuant to clause (iii) of Section 9(d) hereof, or by reason of any failure, refusal or inability on the part of the Company agrees to reimburse youperform any undertaking or to satisfy any condition of this Agreement or to comply with any of the terms hereof on their part to be performed, for unless such failure to satisfy said condition or to comply with said terms is due to the account default or omission of any Underwriter, but the Company shall not in any event be liable to any of the several Underwriter, Underwriters for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the damages on account of loss of anticipated profits from the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review sale by them of the offering by the NASDStock.
(km) The During the period of 90 days following the effective date of the Registration Statement, without the prior written consent of Hambxxxxx & Xuisx, xxt to directly or indirectly offer to sell, contract to sell or otherwise sell, pledge, transfer or dispose of any shares of Common Stock of the Company, or any securities convertible into or exchangeable for shares of Common Stock of the Company hereby agrees thator options, rights or warrants with respect to any shares of Common Stock of the Company except for (i) the sale of the Underwritten Stock and the Option Stock hereunder, (ii) the issuance of Common Stock pursuant to the exercise of outstanding options and warrants disclosed in the Prospectus, (iii) the grant of options under the Company's Option Plan as disclosed in the Prospectus as such Plan exists on the date of the Prospectus and (iv) pursuant to equipment or lease financing activities entered into in the ordinary course of the Company's business.
(n) To apply the net proceeds of the sale of the Stock substantially in accordance with its statements under the caption "Use of Proceeds" in the Prospectus.
(o) To use its best efforts to maintain the inclusion of such Common Stock in the NASDAQ National Market System (or on a national securities exchange) for a period of five years after the effective date of the Registration Statement.
(p) During a period of 90 days from the effective date of the Registration Statement, without the prior written consent of the UnderwriterRepresentatives, it will notnot to file a registration statement registering shares under any stock option or other employee benefit plan. 10 11 (q) To use its best efforts to do and perform all things required or necessary to be done and performed under this Agreement by the Company prior to the Closing Date or the Option Closing Date, during as the period ending ninety (90) days after case may be, and to satisfy all conditions precedent to the date delivery of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) to the extent necessary, prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.. The Registration Statement, the Prospectus and any amendments or supplements thereto furnished to you will be identical to the electronically transmitted copies thereof filed with the Commission pursuant to XXXXX, except to the extent permitted by Regulation S-T.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, hereof the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports reports, documents or statements furnished to stockholders of the Company and of all information, documents and reports or filed with Commission.the Commission (including the Report on Form SR required by Rule 463 of the Commission under the Securities Act). If applicable, any such document furnished to you will be identical to the electronically transmitted copy thereof filed with the Commission pursuant to XXXXX, except to the extent permitted by Regulation S-T.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders stockholders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its the obligations of the Company and the Selling Stockholder (other than underwriting discounts and selling commissions) under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") NASD of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing photocopying of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees. The Selling Stockholder will pay any transfer taxes incident to the transfer to the Underwriters of the shares of the Stock being sold by the Selling Stockholder.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including including, without limitation, counsel fees and disbursements and the cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Xxxxxxxxx & Xxxxx LLC on behalf of the UnderwriterUnderwriters, it the Company will not, during the for a period ending ninety (90) of 90 days after following the date of the final Prospectus for the public offeringProspectus, (1i) sell, offer, pledge, sell, contract to sell, sell make any option or contract to purchaseshort sale, purchase any option or contract to sellpledge, grant any option, right or warrant to purchase, transfer or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock (including any stock appreciation right or similar right with an exercise or conversion privilege at a price related to, or derived from, the market price of the Common Stock) or any securities convertible into or exchangeable or exercisable or exchangeable for shares of Common Stock, or (2ii) enter into engage in any swap or similar agreement hedging transaction with respect to any shares of Common Stock that transfers, in whole or in part, may have an impact on the economic risk market price of ownership of the Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that . The prohibition in clause (i) of the foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes sale of Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) the issuance of shares of Common Stock issued by the Company pursuant to the Plans and (C) the grant of options to purchase Common Stock under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A..
(l) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your reasonable opinion the market price for the Stock has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Prospectus), the Company will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and disseminate a press release or other public statement, reasonably satisfactory to you, responding to or commenting on such rumor, publication or event.
(m) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, affairs in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amendedAct, and the rules and regulations thereunder.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five (5) years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunderthere under.
(i) The Whether or not the transactions contemplated in this Agreement are consummated or this Agreement is terminated, the Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and 6, (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees, (vii) incident to the offer and sale of Directed Shares, (viii) all fees and expenses in connection with the preparation and filing of the registration statement on Form 8-A relating to the Common Stock and all costs and expenses incident to the listing of the Common Stock on the Nasdaq National Market and
(ix) all other costs and expenses incident to the performance of the obligations of the Company hereunder for which provision is not otherwise made in this Section.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including reasonable counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees thatthat it will not, for a period ending one hundred eighty (180) days after the Effective Date, directly or indirectly, sell, offer, contract to sell, transfer the economic risk of ownership in, make any short sale, pledge or otherwise dispose of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or any other rights to purchase or acquire Common Stock, without the prior written consent of Chase Securities Inc., which consent shall not be unreasonably withheld, conditioned or delayed. Notwithstanding the Underwriter, it will notforegoing, during such period (y) the period ending ninety Company may grant stock options pursuant to the Company's existing stock option plans and (90z) days after the Company may issue shares of Common Stock upon the exercise of an option or warrant or the conversion of a security outstanding on the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract hereof. The Company also agrees not to sell, sell file any option or contract registration statement with respect to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or Stock for a period ending one hundred eighty (2180) enter into any swap or similar agreement that transfers, in whole or in part, days after the economic risk Effective Date without the prior written consent of ownership of Common Stock, whether any such transaction described in clause Chase Securities Inc. (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) which consent shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreementunreasonably withheld, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"conditioned or delayed), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued other than registration statements on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.Form S-8.
(l) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Stock has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Prospectus), the Company will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and disseminate a press release or other public statement, reasonably satisfactory to you, responding to or commenting on such rumor, publication or event.
(m) The Company is familiar with the Investment Company Act of 1940, as amended1940 Act, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended1940 Act, and the rules and regulations thereunder
(n) The Company agrees to use its reasonable best efforts to list for quotation the Common Stock on the Nasdaq National Market and to maintain the listing of the Common Stock on the Nasdaq National Market for a period of three (3) years after the date of this Agreement.
(o) The Company agrees to use its reasonable best efforts to do and perform all things required or necessary to be done and performed under this Agreement by the Company prior to the Closing Date or any late date on which the Option Stock is purchased, as the case may be, and to satisfy all conditions precedent to the delivery of the Stock.
(p) The Company agrees, if the Registration Statement at the time of the effectiveness of this Agreement does not cover all the Stock, to file a Rule 462(b) Registration Statement with the Commission registering the Stock not so covered in compliance with Rule 462(b) by 10:00 a.m., New York City time, on the date of this Agreement and to pay to the Commission the filing fee for such Rule 462(b) Registration Statement at the time of the filing thereof or to give irrevocable instructions for the payment of such fee pursuant to Rule 111(b) under the Securities Act.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as followswith each Underwriter that:
(a) The Company will (i) shall prepare the Prospectus in a form approved by the Representatives and timely file with such Prospectus pursuant to, and within the Commission under time period specified in, Rule 424(b) a Prospectus containing information previously omitted at and Rule 430A or 430C under the time of effectiveness Securities Act; prior to the termination of the Registration Statement in reliance on Rule 430A and (ii) not Offering Period, the Company shall file any no further amendment to the Registration Statement or amendment or supplement to the Prospectus of to which you the Representatives shall not previously have been advised and reasonably object in writing after being furnished with in advance a copy or thereof and given a reasonable opportunity to which you review and comment thereon; the Company shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives promptly (and, if requested by the Representatives, confirm such notice in writing) (A) if not already effective, when the event Registration Statement and any amendments thereto become effective, (B) of (i) the any request by the Commission for any amendment of or supplement to the Registration Statement or for supplement to the Prospectus or for any additional information, (iiC) of the Company’s intention to file, or prepare any supplement or amendment to, the Registration Statement relating to the Shares, any Preliminary Prospectus, the Prospectus or any Issuer Free Writing Prospectus prior to termination of the Offering Period, (D) of the mailing or the delivery to the Commission prior to termination of the Offering Period for filing of any amendment of or supplement to the Registration Statement or the Prospectus, including but not limited to Rule 462(b) under the Securities Act, (E) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration StatementStatement or any post-effective amendment thereto, or suspending the use of any Preliminary Prospectus, the Prospectus or any Issuer Free Writing Prospectus or, in each case, of the initiation or threatening of any proceedings therefore, (iiiF) of the institution or notice of intended institution receipt of any action or proceeding for that purposecomments from the Commission, and (ivG) of the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Shares for sale in any jurisdiction, jurisdiction or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such that purpose. The If the Commission shall propose or enter a stop order at any time, the Company will make every reasonable effort use its best efforts to prevent the issuance of any such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible momentlifting of such order as soon as possible.
(cb) The Company will (i) on or before the Closing DateIf, deliver to you at any time when a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior prospectus relating to the time the Registration Statement becomes effective andShares (or, promptly upon the filing in lieu thereof, a signed copy of each post- effective amendment, if any, the notice referred to in Rule 173(a) under the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (iiSecurities Act) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by under the Securities Act.
(d) If Act or at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer Offering Period, any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur have occurred as a result of which it is necessarythe Time of Sale Information (prior to the availability of the Prospectus) or the Prospectus as then amended or supplemented would, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light judgment of the circumstances existing at Representatives or the time it is delivered to a purchaser of the NotesCompany, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or include an amended Prospectus so that the Prospectus as so supplemented or amended 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, in the light of the circumstances existing at the time of delivery of such Time of Sale Information or Prospectus is delivered (or, in lieu thereof, the notice referred to such in Rule 173(a) under the Securities Act) to the purchaser, not misleading. If, after or if to comply with the public offering of the Notes by the Underwriter and during such periodSecurities Act, the Underwriter Exchange Act or the Rules and Regulations it shall propose be necessary at any time to vary amend or supplement the terms Time of offering thereof Sale Information, the Prospectus or the Registration Statement, or to file any document incorporated by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if reference in the opinion either of counsel for the Company Registration Statement or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amendedin any amendment thereof or supplement thereto, the Company will forthwith notify the Representatives promptly and prepare and file with the Commission a an appropriate amendment or supplement or document (in form and substance reasonably satisfactory to the Prospectus Representatives) that will correct such statement or an amended Prospectus setting forth omission or effect such variation. The Company authorizes compliance, and will use its best efforts to have any amendment to the Underwriter and all dealers to whom Registration Statement declared effective as soon as possible; provided, however, that at any of time during the Notes may be sold by the Underwriter to use the ProspectusOffering Period, as from time to time amended or supplemented, in connection with following the sale of the Notes Shares, the Company may delay the preparation and filing of such correcting amendments, supplements or documents for such time as, in accordance with the applicable provisions reasonable judgment of the Company, it would not be in the best interests of the Company to prepare and file such correcting amendments, supplements or documents; provided further that the Company shall promptly notify the Representatives of any such delay and such delay shall extend the Offering Period by the number of business days equal to the number of business days in any Suspension Period.
(c) The Company will not, without the prior consent of the Representatives, (A) make any offer relating to the Shares that would constitute a “free writing prospectus” as defined in Rule 405 under the Securities Act, except for any Issuer Free Writing Prospectus set forth in Annex B hereto and any electronic road show previously approved by the Underwriters, or (B) file, refer to, approve, use or authorize the use of any “free writing prospectus” as defined in Rule 405 under the Securities Act with respect to the Shares. If at any time any event shall have occurred as a result of which any Issuer Free Writing Prospectus as then amended or supplemented would, in the judgment of the Underwriters or the Company, conflict with the information in the Registration Statement, the Time of Sale Information or the Prospectus as then amended or supplemented or would, in the judgment of the Underwriters or the Company, include an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances existing at the time of delivery to the purchaser, not misleading, or if to comply with the Securities Act or the Rules and Regulations it shall be necessary at any time to amend or supplement any Issuer Free Writing Prospectus, the Company will notify the Underwriters promptly and, if requested by the Representatives, prepare and furnish without charge to the Underwriters an appropriate amendment or supplement (in form and substance satisfactory to the Representatives) that will correct such statement, omission or conflict or effect such compliance.
(d) The Company will comply with the requirements of Rule 433 with respect to each Issuer Free Writing Prospectus including, without limitation, all prospectus delivery, filing, record retention and legending requirements applicable rules and regulations thereunder for to each such periodIssuer Free Writing Prospectus.
(e) Prior The Company will promptly deliver to each of you and Underwriters’ Counsel a signed copy of the Registration Statement, as initially filed and all amendments thereto, including all consents and exhibits filed therewith, and will maintain in the Company’s files manually signed copies of such documents for at least five years after the date of filing. The Company will promptly deliver to each of the Underwriters such number of copies of any Preliminary Prospectus, the Prospectus, the Registration Statement, any Issuer Free Writing Prospectus and all amendments of and supplements to such documents, if any, and all documents incorporated by reference in the Registration Statement and Prospectus or any amendment thereof or supplement thereto, as you may reasonably request. On the business day next succeeding the date of the filing thereof with of the CommissionProspectus and from time to time thereafter, the Company will submit to you, for your information, a copy furnish the Underwriters with copies of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filedin New York City in such quantities and at such times as you may reasonably request.
(f) The Company will cooperate, when and as requested by you, in cooperate with the qualification of Representatives to qualify the Notes Shares for offer offering and sale under the securities laws relating to the offering or blue sky laws sale of the Shares of such jurisdictions jurisdictions, domestic or foreign, as you the Representatives may designate and, during and to maintain such qualification in effect for so long as required for the period Offering; except that in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that no event shall the Company shall not be obligated in connection therewith to file any qualify as a foreign corporation or to execute a general consent to service of process in any jurisdiction or to qualify as a foreign corporation take any other action that would subject it to general service of process or to taxation in respect of doing business in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notesotherwise subject.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the The Company will make generally available to its security holders as soon as practicable, but in any event not later than twelve months after the effective date of the Registration Statement (as defined in Rule 158(c) under the Securities Act), an earnings statement in accordance of the Company and the Subsidiaries (which need not be audited) complying with Section 11(a) of the Securities Act and the Rules and Regulations (including, at the option of the Company, Rule 158 thereunder158).
(h) During the period commencing on the Closing Date and ending on the later of (x) the date that is three years following the Closing Date, (y) the last date that a prospectus (or, in lieu thereof, the notice referred to in Rule 173(a) under the Securities Act) is required to be delivered under the Securities Act in connection with the offer or sale of the Shares, and (z) the last day of the Offering Period, the Company will, upon written request, furnish to you copies of all reports or other communications (financial or other) furnished to security holders or from time to time published or publicly disseminated by the Company, and will deliver to you (i) as soon as they are available, copies of any reports, financial statements and proxy or information statements furnished to or filed with the Commission or any national securities exchange on which any class of securities of the Company is listed; and (ii) such additional information concerning the business and financial condition of the Company as you may from time to time reasonably request (such financial information to be on a consolidated basis to the extent the accounts of the Company and the Subsidiary are consolidated in reports furnished to its security holders generally or to the Commission); provided that the Company need not furnish copies of any report, communication or information filed with XXXXX.
(i) The Company agrees will use its reasonable best efforts to pay all costs and expenses incident to list the performance of its obligations under this Agreement and Shares on the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's feesNYSE.
(j) The Company agrees Company, during the period when a prospectus (or, in lieu thereof, the notice referred to reimburse you, for in Rule 173(a) under the account Securities Act) is required to be delivered under the Securities Act in connection with the offer or sale of the several UnderwriterShares and during the Offering Period, for blue sky fees will file all reports and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for other documents required to be filed by the UnderwriterCompany with the Commission pursuant to Section 13(a), 13(c), 14 or 15(d) paid by or for the account of the Underwriter or its counsel in qualifying Exchange Act and the Notes under state securities or blue sky laws, in conducting a legal investment survey Rules and in Regulations within the review of the offering by the NASDtime periods required thereby.
(k) The Company hereby agrees thatwill not take, without and will cause its affiliates (within the prior written consent meaning of Rule 144 under the Securities Act) not to take, directly or indirectly, any action which constitutes or is designed to cause or result in, or which could reasonably be expected to constitute, cause or result in, the stabilization or manipulation of the Underwriterprice of any security to facilitate the sale or resale of the Shares.
(l) The Company agrees to deliver, it will notor cause to be delivered, to the Representatives, during the period ending ninety when a prospectus (90or, in lieu thereof, the notice referred to in Rule 173(a) under the Securities Act) is required to be delivered under the Securities Act in connection with the offer or sale of the Shares and during the Offering Period, on each date after the Closing Date on which the Registration Statement or Prospectus is amended or supplemented and in the judgment of the Representatives it would be reasonable to request a supplemental letter of Netherland Xxxxxx and upon the request of the Representatives supplemental letters of Netherland Xxxxxx in substantially the same form as those delivered on the Closing Date pursuant to Section 4 hereof.
(m) The Company agrees to deliver, or cause to be delivered, to the Representatives, during the period when a prospectus (or, in lieu thereof, the notice referred to in Rule 173(a) under the Securities Act) is required to be delivered under the Securities Act in connection with the offer or sale of the Shares and during the Offering Period, on each date after the Closing Date on which the Registration Statement or Prospectus is amended or supplemented and in the judgment of the Representatives it would be reasonable to request a supplemental letter of Xxxxxx & Xxxxxx L.L.P., Cook, Yancey, King & Xxxxxxxx, APLC and the General Counsel of the Company in substantially the same form as the form of legal opinion of those firms attached hereto as Annex A-I, Annex A-II and Annex A-III.
(n) The Company agrees to deliver, or cause to be delivered, to the Representatives, during the period when a prospectus (or, in lieu thereof, the notice referred to in Rule 173(a) under the Securities Act) is required to be delivered under the Securities Act in connection with the offer or sale of the Shares and during the Offering Period, on each date after the Closing Date on which the Registration Statement or Prospectus is amended or supplemented because of new or updated financial or accounting information and in the judgment of the Representatives it would be reasonable to request an updated comfort letter and upon the request of the Representatives, supplemental letters of Ernst & Young LLP in substantially the same form as those delivered on the Closing Date pursuant to Section 4 hereof.
(o) The Company agrees to provide, or cause to be provided, upon the filing of a report with the Securities and Exchange Commission required to be filed pursuant to the Exchange Act and during the Offering Period, a certificate of the Chief Executive Officer and Chief Financial Officer of the Company, dated within one business day of the filing of such report with the Securities and Exchange Commission, in form and substance satisfactory to you, as to the accuracy of the representations and warranties of the Company set forth in Section 3 hereof as of the date thereof, as to the performance by the Company of all of its obligations hereunder to be performed during the Offering Period, as to the matters set forth in this Section 4, and as to such other matters as you may reasonably request.
(p) The Company has complied and will comply with all applicable securities and other applicable laws, rules and regulations in each foreign jurisdiction in which the Shares are offered.
(q) For a period of 90 days after the date of the final Prospectus for offering of the public offeringShares, the Company will not (1i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, or file with the Commission a registration statement under the Securities Act relating to, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or publicly disclose the intention to make any such offer, sale, pledge, disposition or filing, or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk consequences of ownership of Common the Stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise, without the prior written consent of the Representatives; PROVIDED, HOWEVER, provided that the foregoing provisions of this paragraph (k) shall not apply to (a) Company may issue and sell the Notes to be sold Shares to the Underwriter Underwriters pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Further Agreements of the Company. The Company hereby covenants and agrees with each of the Underwriters as follows:
(a) If the Registration Statement has not become effective prior to the date hereof, the Company will use its best efforts to cause the Registration Statement and any subsequent amendments thereto to become effective as promptly as possible. The Company will (i) prepare notify the Representative promptly, after the Company shall receive notice thereof, of the time when the Registration Statement, or any subsequent amendment thereto, has become effective or any supplement to the Prospectus has been filed. Following the execution and delivery of this Agreement, the Company will prepare, and timely file or transmit for filing with the Commission under Rule SEC in accordance with Rules 430A, 424(b) a Prospectus containing information previously omitted at the time of effectiveness and 434, as applicable, copies of the Registration Statement in reliance on Rule 430A and (ii) not file any Prospectus, or, if necessary, a post-effective amendment to the Registration Statement or supplement (including the Prospectus), in which event, the Company will take all necessary action to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) such post-effective amendment declared effective as soon as possible. The Company will promptly notify the Representatives in Representative promptly upon the event Company's obtaining knowledge of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission SEC of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution Statement or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening threat of any proceeding proceedings for such purpose. The Company that purpose and will make every reasonable effort use its best efforts to prevent the issuance of such a any stop order and, if such an a stop order shall at any time be is issued, to obtain as soon as possible the withdrawal thereof at the earliest possible moment.
(c) or lifting thereof. The Company will (i) on promptly prepare and file at its own expense with the SEC any amendments of, or before the Closing Datesupplements to, deliver to you a signed copy of the Registration Statement as originally filed and or the Prospectus which may be necessary in connection with the distribution of each amendment thereto filed prior the Shares by the Underwriters. During the period when a Prospectus relating to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus Shares is required by law to be delivered by under the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities 1933 Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and promptly file with any amendments of, or supplements to, the Commission a supplement to Registration Statement or the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain which may be necessary to correct any untrue statement of a material fact or omit any omission to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaserunder which they were made, not misleading. If, after The Company will notify the public offering Representative promptly of the Notes receipt of any comments from the SEC regarding the Registration Statement or Prospectus or request by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering SEC for any amendment thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel supplement thereto or for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variationany additional information. The Company authorizes will not file any amendment of, or supplement to, the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Registration Statement or Prospectus, as from whether prior to or after the Effective Date, which shall not previously have been submitted to the Representative and its counsel a reasonable time prior to time amended the proposed filing or supplemented, in connection with to which the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such periodRepresentative shall have reasonably objected.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(fb) The Company has used and will cooperate, when and as requested by you, in continue to use its best efforts to register or qualify the qualification of the Notes Shares for offer and sale under the securities or blue sky laws of such jurisdictions as you the Representative may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that and the Company shall not be obligated to will file any general consent such consents to service of process or other documents necessary or appropriate in order to effect such registration or qualification. In each jurisdiction in which the Shares shall have been registered or qualified as above provided, the Company will continue such registrations or qualifications in effect for so long as may be required for purposes of the distribution of the Shares; provided, however, that in no event shall the Company be obligated to qualify to do business as a foreign corporation in any jurisdiction in which it is not now so qualified or to take any action which would subject it to the service of process in suits, other than those arising out of the offering or sale of the Shares, in any jurisdiction where it is not now so subject. In each jurisdiction where any of the Shares shall have been so qualified. The , the Company will from time to time, prepare and file such statements, reports, statements and other documents reports as are or may be reasonably required by the laws of such jurisdiction to continue such qualifications qualification in effect. The Company will notify the Representative immediately of, and confirm in writing, the suspension of qualification of the Shares or the threat of such action in any jurisdiction. The Company will use its best efforts to qualify or register its Common Stock for sale in nonissuer transactions under (or obtain exemptions from the application of) the securities laws of such states designated by the Representative (and thereby permit market-making transactions and secondary trading in its Common Stock in such states), and will comply with such securities laws and will continue such qualifications, registrations and exemptions in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with after the date hereof, the .
(c) The Company will furnish to you the Representative, as soon as available, copies of the Registration Statement (one of which will be signed and which shall include all periodic exhibits), each Preliminary Prospectus, the Prospectus and special reports furnished any amendments or supplements to stockholders such documents, including any prospectus prepared to permit compliance with Section 10(a)(3) of the 1933 Act, all in such quantities as the Representative may from time to time reasonably request prior to the printing of each such document. The Company specifically authorizes the Underwriters and all dealers to whom any of all information, documents the Shares may be sold by the Underwriters to use and reports filed distribute copies of such Preliminary Prospectuses and Prospectuses in connection with Commissionthe sale of the Shares as and to the extent permitted by the federal and applicable state and local securities laws.
(hd) Not later For as long as the Company has more than the 45th day following the end of the fiscal quarter first occurring 100 beneficial owners, but in no event more than five years after the first anniversary of the Effective Date, the Company will make generally available mail as soon as practicable to the holders of its security holders an earnings statement Common Stock substantially the following documents, which documents shall be in accordance compliance with this Section 11(a) of if they are in the Securities Act and Rule 158 thereunder.form prescribed by the 1934 Act:
(i) within forty-five days after the end of the first three quarters of each fiscal year, copies of the quarterly unaudited statement of profit and loss and quarterly unaudited balance sheets of the Company and any material subsidiaries; and
(ii) within ninety days after the close of each fiscal year, appropriate financial statements as of the close of such fiscal year for the Company and any material subsidiary which shall be certified to by a nationally recognized firm of independent certified public accountants in such form as to disclose the Company's financial condition and the results of its operations for such fiscal year.
(e) For as long as the Company has more than 100 beneficial owners, but in no event more than five years after the Effective Date, the Company will furnish to the Representative (i) concurrently with furnishing such reports to its stockholders, the reports described in Section 3(d) hereof; (ii) as soon as they are available, copies of all other reports (financial or otherwise) mailed to security holders; and (iii) as soon as they are available, copies of all reports and financial statements furnished to, or filed with, the SEC, the NASD, any securities exchange or any state securities commission by the Company. During such period, the foregoing financial statements shall be on a consolidated basis to the extent that the accounts of the Company and any subsidiary or subsidiaries are consolidated and shall be accompanied by similar financial statements for any significant subsidiary which is not so consolidated.
(f) The Company agrees will not, without the prior written consent of the Representative, which consent shall not be unreasonably withheld, sell or otherwise dispose of any capital stock or securities convertible or exercisable into capital stock of the Company (other than pursuant to currently outstanding options and warrants) during the twelve month period following the Effective Date. Prior to the Closing Date, the Company will not repurchase or otherwise acquire any of its capital stock or declare or pay any dividend or make any distribution on any class of its capital stock.
(g) Subject to the proviso set forth below, the Company shall be responsible for and pay all costs and expenses incident to the performance of its obligations under this Agreement and including, without limiting the Indenturegenerality of the foregoing, including (i) all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements the Registration Statement (including financial statements and amendments to exhibits), Preliminary Prospectuses and the Prospectus referred and any amendments thereof or supplements to in paragraph any of the foregoing; (dii) the issuance and delivery of this Section 6 the Shares, including taxes, if any; (iii) the cost of all certificates representing the Shares; (iv) the fees and expenses of the T-1, Transfer Agent for the Shares; (v) the furnishing to you fees and disbursements of counsel for the Company; (vi) all fees and other charges of the reports independent public accountants of the Company; (vii) the cost of furnishing and information delivering to the Underwriters and dealers participating in the offering copies of the Registration Statement (including appropriate exhibits), Preliminary Prospectuses, the Prospectus and any amendments of, or supplements to, any of the foregoing; (viii) the NASD filing and quotation fees; (ix) the fees and disbursements, including filing fees and all accountable fees and expenses of counsel for the Representative incurred in registering or qualifying the Shares for sale under the laws of such jurisdictions upon which the Representative and the Company may agree; and (x) a nonaccountable expense allowance to the Representative equal to 2% of the gross proceeds from the offering and sale of the Shares (the "Offering"). The Representative hereby acknowledge receipt of a $10,000 advance against the Representative's non-accountable expense allowance referred to in paragraph (g) the preceding sentence. In the event this Agreement is terminated pursuant to Section 8 below, the Company shall remain obligated to pay the Representative its accountable expenses, including but not limited to travel expenses and expenses of its legal counsel, not to exceed $30,000. Further, if upon termination of this Agreement pursuant to Section 6 and (vi) 8 below, the printing and issuance Representative's actual accountable out-of-pocket expenses do not exceed the $10,000 advance against the Representative's accountable expense allowance, the portion of the Indenture advance not used will be reimbursed to the Company by the Representative.
(h) The Company will not take, and will use its best efforts to cause each of its officers and directors not to take, directly or indirectly, any action designed to or which might reasonably be expected to cause or result in the note certificates, including stabilization or manipulation of the transfer agent's feesprice of any security of the Company to facilitate the sale or resale of the Shares.
(i) The Company will use its best efforts to maintain the listing of its Common Stock on the Nasdaq Small Cap Market.
(j) The For a period of at least three years after the Effective Date, the Company agrees to reimburse you, for will file with the account of the several Underwriter, for blue sky fees SEC all reports and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering other documents as may be required by the NASD1933 Act, the Rules and Regulations and the 1934 Act.
(k) The Company hereby agrees that, without will apply the prior written consent proceeds from the sale of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference Shares substantially in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of manner set forth in the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.Prospectus.
(l) Prior to or as of the First Closing Date, the Company shall have performed each condition to the Underwriters' obligations required to be performed by it pursuant to Section 4 hereof.
(m) Other than as permitted by the 1933 Act and the Rules and Regulations, the Company will not distribute any prospectus or other offering material in connection with the Offering.
(n) The Company is familiar will apply the net proceeds from the sale of the Shares substantially in the manner set forth in the Prospectus.
(o) During the period ending 270 days from the Effective Date, the Company agrees that it will issue press releases, make public statements and respond to inquiries of the press and securities analysts only after conferring with its counsel and with the Investment Representative.
(p) On First Closing Date, the Company Act of 1940, as amended, and has in shall grant to the past conducted its affairs, and will in Representative the future conduct its affairsRepresentative's Warrants, in such a manner substantially the form attached as Appendix A hereto.
(q) Prior to ensure that or as of either Closing Date, the Company was not and will not shall have performed each condition to closing required to be an "investment company" or a company "controlled" performed by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunderpursuant to Section 4 hereof.
Appears in 1 contract
Samples: Underwriting Agreement (Industrial Rubber Products Inc)
Further Agreements of the Company. The Company covenants and agrees with the several Underwriters as follows:
(a) The Company will (i) prepare use its best efforts to cause the Registration Statement, and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted any amendment thereof, if not effective at the time of effectiveness execution of this Agreement, to become effective as promptly as possible. If the Registration Statement has become or becomes effective pursuant to Rule 430A, or filing of the Prospectus is otherwise required under Rule 424(b), the Company will file the Prospectus, properly completed (and in reliance on form and substance reasonably satisfactory to the Underwriters) pursuant to Rule 430A 424(b) within the time period prescribed and will provide evidence satisfactory to the Representative of such timely filing. The Company will not file the Prospectus, any amended Prospectus, any amendment (including post-effective amendments) to the Registration Statement or any supplement to the Prospectus without (i) advising the Representative of and, a reasonable time prior to the proposed filing of such amendment or supplement, furnishing the Representative with copies thereof and (ii) not obtaining the prior consent of the Representative to such filing. The Company will prepare and file with the Commission, promptly upon the request of the Representative, any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy that may be necessary or to which you shall have reasonably objected advisable in writing or which is not in compliance connection with the Securities Act or the rules and regulations distribution of the CommissionShares by you and use its best efforts to cause the same to become effective as promptly as possible.
(b) The Company will promptly notify advise the Representatives in the event of Representative (i) when the Registration Statement becomes effective, (ii) when any amendment thereof becomes effective, (iii) of any request by the Commission for any amendment of or supplement to the Registration Statement or for supplement to the Prospectus or for any additional information, (iiiv) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) Statement or the institution or notice of intended institution threatening of any action or proceeding for that purpose, purpose and (ivv) of the receipt by the Company of any notification with respect to the suspension of the registration, qualification or exemption from registration or qualification of the Notes Shares for sale in any jurisdiction, jurisdiction or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.best efforts to
Appears in 1 contract
Samples: Underwriting Agreement (Parallel Petroleum Corp /De/)
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and such other changes, if any, as permitted under Rule 424(b) and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualifiedqualified or would become subject to taxation. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (viv) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (viv) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Xxxxxxxxx & Xxxxx LLC on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 180 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, directly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, Stock or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) shares of Common Stock issued by the Company upon the exercise of options or upon the exercise of warrants outstanding as of the date hereof, all as described in the Prospectus, (C) options to purchase Common Stock granted under the Option Plan, (D) shares of Common Stock issued under the stock option Company's 1998 Employee Stock Purchase Plan and stock purchase plans (E) securities issued in connection with the settlement or resolution of litigation described in the Prospectus.
(l) The Company agrees to use its best efforts to cause all directors, officers, and stockholders to agree that, without the prior written consent of Xxxxxxxxx & Xxxxx LLC on behalf of the Company (Underwriters, such person or entity will not, for a period of 180 days following the "Stock Plans"), including Common Stock issued upon commencement of the exercise public offering of options granted under the Stock Plansby the Underwriters, all as described through incorporation by reference in directly or indirectly, sell, offer, contract to sell, transfer the Preliminary Prospectus and (c) economic risk of ownership in, make any short sale, pledge or otherwise dispose of any shares of Common Stock issued on conversion or any securities convertible into or exchangeable or exercisable for or any other rights to purchase or acquire Common Stock.
(m) The Company agrees: (i) to enforce the terms of each Lock-up Agreement and (ii) issue stop-transfer instructions to the transfer agent for the Common Stock with respect to any transaction or contemplated transaction that would constitute a breach of or default under the applicable Lock-up Agreement. In addition, except with the prior written consent of Xxxxxxxxx & Xxxxx LLC, the Company agrees (i) not to amend or terminate, or waive any right under, any Lock-up Agreement, or take any other action that would directly or indirectly have the same effect as an amendment or termination, or waiver of any right under, any Lock-up Agreement, that would permit any holder of shares of Common Stock, or securities convertible into or exercisable or exchangeable for Common Stock, to sell, make any short sale of, grant any option for the purchase of, or otherwise transfer or dispose of, any of such shares of Common Stock or other securities prior to the expiration of 180 days after the date of the Notes. For purposes of this paragraph Prospectus, and (k), a ii) not to consent to any sale, offershort sale, grant of an option for the purchase of, or other disposition or transfer of shares of Common Stock, or securities convertible into or exercisable or exchangeable for Common Stock, subject to a Lock-up Agreement.
(n) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Stock has been or is likely to be deemed materially affected (regardless of whether such rumor, publication or event necessitates a supplement to include any sale to an institution which canor amendment of the Prospectus), following such salethe Company will, sell Common Stock after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and disseminate a press release or other public in reliance statement, reasonably satisfactory to you, responding to or commenting on Rule 144A.such rumor, publication or event.
(lo) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock or the Intuit Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification qualifica tion of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Hambxxxxx & Xuisx XXX on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 180 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, directly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, Stock or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this AgreementAgreement or the Intuit Stock, and (bB) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock stock option plans of the Company (the "Option Plans"), all as described through incorporation by reference under the caption "Capitalization" in the Preliminary Prospectus Prospectus, and (cC) shares of options to purchase Common Stock issued on conversion of granted under the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.Option Plans.
(l) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Stock has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Prospectus), the Company will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and disseminate a press release or other public statement, reasonably satisfactory to you, responding to or commenting on such rumor, publication or event.
(m) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders shareholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its their obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") NASD of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 6, and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The provisions of paragraphs (i) and (j) of this Section are intended to relieve the Underwriters from the payment of the expenses and costs which the Company hereby agrees to pay and shall not affect any agreement which the Company may make, or may have made, for the sharing of any such expenses and costs.
(l) Except as otherwise agreed in writing, the Company hereby agrees that, without the prior written consent of Xxxxxxxxx & Xxxxx LLC on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 90 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, (1) offer, pledgedirectly or indirectly, sell, offer, contract to sell, sell make any short sale, pledge, grant any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchasetransfer the economic risk of ownership in, or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for Common Stock, any other rights to purchase or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of acquire Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (ai) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bii) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the stock option plans of the Company (the "Option Plans") or upon the exercise of warrants outstanding as of the date hereof, (iii) options to purchase Common Stock granted under the Option Plans, all as described through incorporation by reference in the Preliminary Prospectus and (civ) shares of Common Stock issued issuable by the Company pursuant to its obligations under its various acquisition agreements as described in the Prospectus.
(m) The Company agrees to use its best efforts to cause certain directors, officers, and shareholders to agree that, without the prior written consent of Xxxxxxxxx & Xxxxx LLC on conversion behalf of the Notes. For purposes Underwriters, such person or entity will not, for a period of this paragraph (k)90 days following the commencement of the public offering of the Stock by the Underwriters, a saledirectly or indirectly, sell, offer, or other disposition shall be deemed contract to include sell, make any sale to an institution which can, following such short sale, sell pledge, grant any option to sell, transfer the economic risk of ownership in, or otherwise transfer or dispose of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or any other rights to the public purchase or acquire Common Stock, whether any such transaction described above is to be settled by delivery of Common Stock or such other securities, in reliance on Rule 144A.cash or otherwise.
(ln) The Company is familiar with shall apply the Investment Company Act net proceeds of 1940, its sale of the Stock as amended, and has set forth in the past conducted its affairsProspectus.
(o) The Company will maintain a transfer agent and, and will in if necessary under the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning jurisdiction of incorporation of the Investment Company Act of 1940Company, as amended, and a registrar for the rules and regulations thereunderCommon Stock.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a any Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A required to be filed pursuant to such rule and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of X.X. Xxxxxx Securities Inc. on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 90 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, directly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, Stock or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock stock option plans of the Company (the "Option Plans"), all as described through incorporation by reference in the Preliminary Prospectus and (cC) shares of Common Stock issued on conversion by the Company pursuant to its 2001 Employee Stock Purchase Plan or (D) upon the exercise of warrants outstanding as of the Notes. For purposes date hereof, all as described in the table under the caption "Capitalization" in the Preliminary Prospectus, and (E) options to purchase Common Stock granted under the Option Plans.
(l) The Company agrees to use its best efforts to cause all directors and officers to agree that, without the prior written consent of this paragraph X.X. Xxxxxx Securities Inc. on behalf of the Underwriters, such person or entity will not, for a period of 90 days following the commencement of the public offering of the Stock by the Underwriters, directly or indirectly, (k), a salei) sell, offer, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase or otherwise transfer or dispose of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or any rights to purchase or acquire Common Stock or (ii) enter into any swap or other disposition shall agreement that transfers, in whole or in part, any of the economic consequences or ownership of Common Stock, whether any such transaction described in clause (i) or (ii) above is to be deemed to include any sale to an institution which can, following such sale, sell settled by delivery of Common Stock to the public or such other securities, in reliance on Rule 144A.cash or otherwise.
(lm) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Samples: Underwriting Agreement (Scios Inc)
Further Agreements of the Company. The Company hereby covenants and agrees as followsagrees:
(a) The Company will (i) To prepare the Prospectus in the form required by the Securities Act and timely reasonably acceptable to the Representatives and to file with the Commission under such Prospectus pursuant to Rule 424(b) a Prospectus containing information previously omitted at under the Securities Act not later than Commission's close of business on the second business day following the execution and delivery of this Agreement or, if applicable, such earlier time as may be required by Rule 430A(a)(3) under the Securities Act; to advise the Representatives, promptly after it receives notice thereof, of the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file when any amendment to the Registration Statement has been filed or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy becomes effective or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives in the event of (i) the request by the Commission for amendment of the Registration Statement or for any supplement to the Prospectus or for any additional informationamended Prospectus has been filed and to furnish the Representatives with copies thereof; to file, if the Company elects to rely upon Rule 462(b), a Rule 462(b) Registration Statement with the Commission in compliance with Rule 462(b) and to pay the applicable fees in accordance with
(a) of the Rules and Regulations by the earlier of (i) 10.00 P.M., New York time on the date of this Agreement or (ii) the time confirmations are sent or given, as specified by Rule 462(b); to advise the Representatives, promptly after it receives notice thereof, of the issuance by the Commission of any stop order or of any order preventing or suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution use of any action Preliminary Prospectus or proceeding for that purposethe Prospectus, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Shares for offering or sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for any such purpose. The Company will make every reasonable effort to prevent , or of any request by the Commission for the amending or supplementing of the Registration Statement or the Prospectus or for additional information; and, in the event of the issuance of such a any stop order and, if or of any order preventing or suspending the use of any Preliminary Prospectus or the Prospectus or suspending any such an order shall at any time be issuedqualification, to use promptly its best efforts to obtain the withdrawal thereof at the earliest possible moment.its withdrawal;
(cb) The Company will (i) on or before To furnish promptly to each of the Closing Date, deliver Representatives and to you counsel for the Underwriters a signed copy of the Registration Statement as originally filed with the Commission, and of each amendment thereto filed prior with the Commission, including all consents and exhibits filed therewith;
(c) To deliver promptly to the time Representatives such number of the following documents as the Representatives shall reasonably request: (i) conformed copies of the Registration Statement becomes effective and, promptly upon as originally filed with the filing thereof, a signed copy of Commission and each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), amendment thereto; and (ii) as promptly as possible deliver to youeach Preliminary Prospectus, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably requestand any amended or supplemented Prospectus; and, and (iii) thereafter from time to time during if the period in which delivery of a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during after the period Effective Time in which a prospectus is required by law to be delivered by connection with the Underwriter offering or dealer sale of the Shares or any event other securities relating to or affecting the Company, or of which the Company thereto and if at such time any events shall be advised in writing by you, shall occur have occurred as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so then amended or supplemented or amended will not contain any would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time under which they were made when such Prospectus is delivered to such purchaserdelivered, not misleading. If, after or, if for any other reason it shall be necessary to amend or supplement the public offering of Prospectus in order to comply with the Notes by Securities Act, to notify the Representatives and, upon their request, to prepare and furnish without charge to each Underwriter and during to any dealer in securities as many copies as the Representatives may from time to time reasonably request of an amended or supplemented Prospectus which will correct such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions statement or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company omission or of counsel for the Underwriter effect such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and compliance;
(d) To file promptly with the Commission a any amendment to the Registration Statement or the Prospectus or any supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes that may, in the Underwriter and all dealers to whom any judgment of the Notes may Company or the Representatives, be sold required by the Underwriter to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and or requested by the applicable rules and regulations thereunder for such period.Commission;
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of Commission any post-effective amendment to the Registration Statement, Rule 462(b) Registration Statement and any or supplement to the Prospectus or any amended Prospectus proposed pursuant to Rule 424 of the Rules and Regulations, to furnish a copy thereof to the Representatives and counsel for the Underwriters and obtain the consent of the Representatives to the filing, which consent shall not be filed.unreasonably withheld;
(f) The Company will cooperate, when and As soon as requested by you, in practicable after the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, Effective Date (provided that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following have until at least 45 days after the end of the fiscal quarter first occurring after in which the first anniversary of the Effective DateDate occurs), the Company will to make generally available to its security holders the Company's shareholders and to deliver to the Representatives in accordance with Rule 158 of the Rules and Regulations an earnings statement in accordance of the Company and its subsidiaries (which need not be audited) complying with Section 11(a) of the Securities Act and Rule 158 the Rules and Regulations and covering a period of at least twelve consecutive months beginning after the Effective Date;
(g) For a period of five years following the Effective Date, to furnish to the Representatives copies of all materials furnished by the Company to its shareholders and all public reports and all reports and financial statements furnished by the Company to the principal national securities exchange upon which the Common Stock may be listed pursuant to requirements of or agreements with such exchange or to the Commission pursuant to the Exchange Act or any rule or regulation of the Commission thereunder., except for any portion of such report furnished to such exchange or to the Commission for which Confidential Treatment has been requested;
(h) Promptly from time to time to take such action as the Representatives may reasonably request to qualify the Shares for offering and sale under the securities laws of such jurisdictions as the Representatives may request and to comply with such laws so as to permit the continuance of sales and dealings therein in such jurisdictions for as long as may be necessary to complete the distribution of the Shares; provided that in connection therewith the Company shall not be required to qualify as a foreign corporation or to file a general consent to service of process in any jurisdiction;
(i) The Company agrees to pay all costs and expenses incident For a period of 120 days from the date of the Prospectus, not to, directly or indirectly, offer for sale, sell or otherwise dispose of (or enter into any transaction or device which is designed to, or could be expected to, result in the disposition by any person at any time in the future of) any shares of Common Stock (other than the Shares, shares issued pursuant to the performance of its obligations under this Agreement Stock Option and the IndenturePurchase Plans, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed shares issued in connection with the Notes (LifeScan Alliance, shares issued in connection with the "Form T-1"Orgenics Acquisition, shares issued in connection with the cancellation of the CDIL Warrants, shares issued in connection with the conversion of the Cambridge Diagnostic Notes, shares issued in connection with conversion of the Series A Preferred Stock and shares issued in connection with the acquisition of a business or businesses by the Company, provided that the total number of shares, including securities convertible into shares, shall not exceed 50% of the actual number of shares of Common Stock outstanding on the date hereof), or sell or grant options, rights or warrants with respect to any shares of Common Stock (ii) other than the furnishing grant of options pursuant to the Underwriter of copies of any Preliminary Prospectus Stock Option and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees thatPurchase Plans), without the prior written consent of the UnderwriterLehmxx Xxxthers Inc.; and to cause each officer, it will not, during the period ending ninety (90) days after the date director and certain shareholders of the final Prospectus Company, including all 5% or greater shareholders, to furnish to the Representatives, prior to the First Delivery Date, a letter or letters, in form and substance satisfactory to counsel for the public offeringUnderwriters, (1) offer, pledge, sell, contract pursuant to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose ofwhich each such person shall agree not to, directly or indirectly, offer for sale, sell or otherwise dispose of (or enter into any transaction or device which is designed to, or could be expected to, result in the disposition by any person at any time in the future of) any shares of Common Stock or any other securities convertible into or exercisable or exchangeable of the Company for Common Stocka period of 120 days from the date of the Prospectus, or without the prior written consent of Lehmxx Xxxthers Inc.;
(2j) enter into any swap or similar agreement that transfersPrior to the Effective Date, in whole or in part, to apply for the economic risk listing of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is the Shares on the American Stock Exchange and to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that complete the foregoing provisions of this paragraph listing prior to the First Delivery Date;
(k) shall not To apply to (a) the Notes to be sold to net proceeds from the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans sale of the Shares being sold by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference set forth in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.Prospectus;
(l) The Company is familiar with the Investment Company Act of 1940, To take such steps as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner shall be necessary to ensure that neither the Company was not and will not be an "investment company" or a company "controlled" by nor any of its subsidiaries shall become an "investment company" within the meaning of such term under the United States Investment Company Act of 1940, as amended, 1940 and the rules and regulations of the Commission thereunder.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make PRELIMINARY DRAFT SUBJECT TO NEGOTIATION the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing PRELIMINARY DRAFT SUBJECT TO NEGOTIATION memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Xxxxxxxxx & Xxxxx LLC on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 180 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, directly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, Stock or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock stock option plans of the Company (the "Option Plans") or upon the exercise of warrants outstanding as of the date hereof, all as described through incorporation by reference in footnote ___ to the table under the caption "Capitalization" in the Preliminary Prospectus Prospectus, and (cC) options to purchase Common Stock granted under the Option Plans.
(l) The Company agrees to use its best efforts to cause all directors, officers, and stockholders to agree that, without the prior written consent of Xxxxxxxxx & Xxxxx LLC on behalf of the Underwriters, such person or entity will not, for a period of 180 days following the commencement of the public offering of the Stock by the Underwriters, directly or indirectly, (i) sell, offer, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase or otherwise transfer or dispose of any shares of Common Stock issued on conversion or any securities convertible into or exchangeable or exercisable for or any rights to purchase or acquire Common Stock or (ii) enter into any swap or other agreement that transfers, in whole or in part, any of the Noteseconomic consequences or ownership of Common Stock, whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise.
(m) The Company agrees: (i) to enforce the terms of each Lock-up Agreement and (ii) issue stop-transfer instructions to the transfer agent for the Common Stock with respect to any transaction or contemplated transaction that would constitute a breach of or default under the applicable Lock-up Agreement. For purposes In addition, except with the prior written consent of this paragraph Xxxxxxxxx & Xxxxx LLC, the Company agrees (k)i) not to amend or terminate, a or waive any right under, any Lock-up Agreement, or take any other action that would directly or indirectly have the same effect as an amendment or termination, or waiver of any right under, any Lock-up Agreement, that would permit any holder of shares of Common Stock, or securities convertible into or exercisable or exchangeable for Common Stock, to sell, make any short sale of, grant any option for the purchase of, or otherwise transfer or dispose of, any of such shares of Common Stock or other securities prior to the expiration of 180 days after the date of the Prospectus, and (ii) not to consent to any sale, offershort sale, grant of an option for the purchase of, or other disposition or transfer of shares of Common Stock, or securities convertible into or exercisable or exchangeable for Common Stock, subject to a Lock-up Agreement.
(n) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Stock has been or is likely to be deemed materially affected PRELIMINARY DRAFT SUBJECT TO NEGOTIATION (regardless of whether such rumor, publication or event necessitates a supplement to include any sale to an institution which canor amendment of the Prospectus), following such salethe Company will, sell Common Stock after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and disseminate a press release or other public in reliance statement, reasonably satisfactory to you, responding to or commenting on Rule 144A.such rumor, publication or event.
(lo) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare a Prospectus, in a form approved by Chase Securities Inc., and timely file with the Commission under same pursuant to Rule 424(b) a Prospectus under the Securities Act not later than the Commission's close of business on the second business day following the execution and delivery of this Agreement, or, if applicable, such earlier time as may be required by Rule 430A(a)(3) under the Securities Act, containing information previously omitted ommitted at the time of effectiveness of the Registration Statement Effective Time in reliance on Rule 430A and (ii) not file any amendment to of the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, jurisdiction or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a and counsel to the Underwriters signed copy copies of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to youyou and all Incorporated Documents), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter Underwriters or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter you or a dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriteryour counsel, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of your counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter you or any dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders and to you an earnings earning statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter you of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriteryou , (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriterdisbursements) paid by you or for the your account of the Underwriter or its by your counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The provisions of paragraphs (i) and (j) of this Section are intended to relieve the Underwriters from the payment of the expenses and costs which the Company hereby agrees to pay.
(l) The Company hereby agrees that, without the prior written consent of Chase Securities Inc., the Company will not for a period of 90 days following the commencement of the public offering of the Stock by the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offeringdirectly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, Stock or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (a) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and Agreement or (b) any shares of Common Stock issued under the stock option and stock securities convertible into or exchangeable for or rights to purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon pursuant to employee benefit plans, qualified stock plans or other employee compensation plans existing on the exercise date hereof or pursuant to options, warrants or rights outstanding on the date hereof.
(m) The Company will apply the net proceeds from the offering of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares manner set forth under "Use of Common Stock issued on conversion of Proceeds" in the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.Prospectus.
(ln) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Samples: Underwriting Agreement (Emisphere Technologies Inc)
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement Effective Date in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.Commission thereunder
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, jurisdiction or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective Effective Date and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, request and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, dealer likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus so that it 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 statement contained in the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, not misleading, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations of the Commission thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, reports and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders securityholders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") NASD of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including reasonable counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Chase Securities Inc. on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 180 days following the period ending ninety (90) days after the date of the final Prospectus for the public offeringEffective Date, directly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, transfer the economic risk of ownership in, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, Stock or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock stock option plans of the Company (the "Option Plans, all ") or upon the exercise of warrants outstanding as described through incorporation by reference in of the Preliminary Prospectus date hereof and (cC) options to purchase Common Stock granted under the Option Plans.
(l) The Company agrees to use its best efforts to cause all directors, officers, option holders and stockholders to agree that, without the prior written consent of Chase Securities Inc. acting alone or each of the Representatives of the Underwriters acting jointly, for a period of 180 days following the Effective Date, directly or indirectly, sell, offer, contract to sell, make any short sale, pledge, or otherwise transfer or dispose of any shares of Common Stock issued on conversion or any securities convertible into or exchangeable or exercisable for or any other rights to purchase or acquire Common Stock (other than the exercise of stock options).
(m) If at any time during the 25-day period after the Effective Date any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Stock has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Notes. For purposes of this paragraph (kProspectus), the Company will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and disseminate a sale, offer, press release or other disposition shall be deemed public statement, reasonably satisfactory to include any sale you, responding to an institution which canor commenting on such rumor, following such sale, sell Common Stock to the public in reliance on Rule 144A.publication or event.
(ln) The Company will comply with the Securities and Exchange Act of 1934, as amended (herein called the "Exchange Act") and the rules and regulations of the Commission thereunder so as to permit the completion of the distribution of the Stock as contemplated by this Agreement and the Prospectus.
(o) The Company is familiar with the Investment Company Act of 1940, as amended, (herein called the "Investment Company Act") and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amendedAct, and the rules and regulations of the Commission thereunder.
(p) The Company shall apply the net proceeds of its sale of the Stock as set forth in the Prospectus under the heading "Use of Proceeds."
(q) The Company will maintain a transfer agent and, if necessary under the jurisdiction of incorporation of the Company, registrar (which may be the same entity as the transfer agent) for its Common Stock.
Appears in 1 contract
Samples: Underwriting Agreement (Kinzan Com)
Further Agreements of the Company. The Company covenants and agrees as followsagrees:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement To advise you promptly and, if requested by you, to confirm such advice in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives in the event writing, of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission any state securities commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution qualification or notice of intended institution exemption from qualification of any action Series A Notes or proceeding Series A Guarantees for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes for offering or sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent purpose by the issuance of such a stop order andCommission or any state securities commission or other regulatory authority, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies happening of any supplement to the Prospectus and of event that makes any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact made in the Offering Memorandum untrue or omit which requires the making of any additions to state any material fact necessary or changes in the Offering Memorandum in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaserunder which they were made, not misleading. If, after The Company shall use all commercially reasonable efforts to prevent the public offering issuance of any stop order or order suspending the qualification or exemption of the Series A Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, Series A Guarantees under any state securities or Blue Sky laws and, if in at any time any state securities commission shall issue any stop order suspending the opinion either qualification or exemption of counsel for the Company Series A Notes or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented Series A Guarantees under any state securities or amendedBlue Sky laws, the Company will forthwith prepare shall use every reasonable effort to obtain the withdrawal or lifting of such order at the earliest possible time.
(b) To furnish to you, as many copies of the Offering Memorandum, and file any amendments or supplements thereto, as you may reasonably request. Such copies shall be furnished without charge for use in connection with the Commission Exempt Resales for the nine-month period immediately following the Closing Date. The Company consents to the use of the Offering Memorandum, and any amendments and supplements thereto required pursuant to this Agreement, by you in connection with the Exempt Resales that are in compliance with this Agreement.
(c) Not to amend or supplement the Offering Memorandum prior to the Closing Date or during the period referred to in (d) below unless you shall previously have been advised of, and shall not have reasonably objected to, such amendment or supplement within a reasonable time, but in any event not longer than five days after being furnished a copy of such amendment or supplement. The Company shall promptly prepare, upon any reasonable request by you, any amendment or supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes Offering Memorandum that may be sold by the Underwriter to use the Prospectus, as from time to time amended necessary or supplementedadvisable in connection with Exempt Resales.
(d) If, in connection with any Exempt Resales or market making transactions after the sale date of this Agreement and prior to the consummation of the Notes Registered Exchange Offer, any event shall occur that, in accordance with the applicable provisions judgment of the Securities Act Company or in the reasonable judgment of counsel to you, makes any statement of a material fact in the Offering Memorandum untrue or that requires the making of any additions to or changes in the Offering Memorandum in order to make the statements in the Offering Memorandum, in light of the circumstances under which they were made at the time that the Offering Memorandum is delivered to prospective Eligible Purchasers, not misleading, or if it is necessary to amend or supplement the Offering Memorandum to comply with applicable law, the Company shall promptly notify you of such event and prepare an appropriate amendment or supplement to the Offering Memorandum so that (i) the statements in the Offering Memorandum as amended or supplemented will, in light of the circumstances under which they were made at the time that the Offering Memorandum is delivered to prospective Eligible Purchasers, not be misleading and (ii) the Offering Memorandum will comply with applicable rules and regulations thereunder for such periodlaw.
(e) Prior Promptly from time to time to take such action as the filing thereof with Initial Purchasers may reasonably request to qualify the Commission, Series A Notes and the Company will submit to you, Series A Guarantees for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer offering and sale under the securities or blue sky laws of such jurisdictions as you the Initial Purchasers may designate andrequest (provided, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not now so qualified. The Company will from time qualified or to time, prepare take any action that would subject it to taxation or to general consent to service of process in any jurisdiction in which it is not now so subject) and file to comply with such statements, reports, laws so as to permit the continuance of sales and other documents dealings therein in such jurisdictions for as are or long as may be required necessary to continue such qualifications in effect for so long a period as you may reasonably request for complete the distribution of the NotesSeries A Notes and the Series A Guarantees.
(f) Prior to the Closing Date, to furnish to you, as soon as they have been prepared, a copy of any internal consolidated financial statements of the Company for any period subsequent to the period covered by the financial statements appearing in the Offering Memorandum.
(g) During a period of five years commencing with To use all commercially reasonable efforts to do and perform all things required to be done and performed under this Agreement by it prior to or after the date hereof, Closing Date and to satisfy all conditions precedent on its part to the Company will furnish to you copies of all periodic and special reports furnished to stockholders delivery of the Company Series A Notes and of all information, documents and reports filed with Commissionthe Series A Guarantees.
(h) Not later than to sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any security (as defined in the 45th day following Securities Act) that would be integrated with the end sale of the fiscal quarter first occurring after Series A Notes in a manner that would require the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of registration under the Securities Act and Rule 158 thereunderof the sale to you or the Eligible Purchasers of Series A Notes.
(i) The During any period in which the Company agrees is not subject to pay all costs Section 13 or 15(d) of the Exchange Act within the two-year period following the Closing Date, to make available to any registered holder or beneficial owner of Series A Notes in connection with any sale thereof and expenses incident to any prospective purchaser of such Series A Notes from such registered holder or beneficial owner, the performance of its obligations information required by Rule 144A(d)(4) under this Agreement and the Indenture, including all costs and expenses incidentSecurities Act.
(ij) To use all commercially reasonable efforts to effect the preparation, printing and filing with inclusion of the Commission and Notes in the National Association of Securities Dealers, Inc. Automated Quotation System - PORTAL ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1PORTAL"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without To apply the prior written consent net proceeds from the sale of the Underwriter, it will not, during Series A Notes being sold by the period ending ninety (90) days after Company as set forth in the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued Offering Memorandum under the stock option and stock purchase plans caption "Use of the Company (the Proceeds."Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, To take such steps as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner shall be necessary to ensure that neither the Company was not and will not be an "investment company" or a company "controlled" by nor any subsidiary shall become an "investment company" within the meaning of such term under the United States Investment Company Act of 1940, as amended, 1940 and the rules and regulations of the Commission thereunder.
(m) To take such steps as shall be necessary to ensure that all the subsidiaries of the Company that are not designated as "unrestricted subsidiaries" or "foreign subsidiaries" in accordance with the Indenture will become guarantors of the Notes to the extent required by the terms of the Indenture.
(n) For a period of 90 days from the date of the issuance of the Series A Notes, not to offer, sell, or contract to sell or otherwise dispose of, or announce the offering of, any debt securities substantially similar to the Series A Notes or securities convertible into such debt securities issued or guaranteed by the Company, except (i) for the Series B Notes in connection with the Registered Exchange Offer or (ii) with the prior consent of Xxxxxx Brothers Inc.
Appears in 1 contract
Samples: Purchase Agreement (L 3 Communications Holdings Inc)
Further Agreements of the Company. The Company covenants and agrees --------------------------------- with the several Underwriters as followsfollows :
(a) The Company will (i) prepare use its best efforts to cause the Registration Statement, and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted any amendment thereof, if not effective at the time of effectiveness execution of this Agreement, to become effective as promptly as possible. If the Registration Statement has become or becomes effective pursuant to Rule 430A, or filing of the Prospectus is otherwise required under Rule 424(b), the Company will file the Prospectus, properly completed (and in form and substance reasonably satisfactory to the Underwriters) pursuant to Rule 424(b) within the time period prescribed and will provide evidence satisfactory to the Representative of such timely filing. The Company will not file the Prospectus, any amended Prospectus, any amendment (including post-effective amendments) of the Registration Statement in reliance on Rule 430A or any supplement to the Prospectus without (i) advising the Representative of the proposed filing of such document, amendment or supplement within a reasonable time prior to the proposed filing, and furnishing the Representative with copies thereof and (ii) not obtaining the prior consent of the Representative to such filing. The Company will prepare and file with the Commission, promptly upon the request of the Representative, any amendment to the Registration Statement or supplement to the Prospectus that may be necessary or advisable in the reasonable opinion of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected the Representative in writing or which is not in compliance connection with the Securities Act or the rules and regulations distribution of the CommissionShares by the Underwriters and shall use its best efforts to cause the same to become effective as promptly as possible.
(b) The Company will promptly notify advise the Representatives in the event of Representative (i) when the Registration Statement becomes effective, (ii) when any post-effective amendment thereof becomes effective, (iii) of any request by the Commission for any amendment of or supplement to the Registration Statement or for supplement to the Prospectus or for any additional information, (iiiv) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) Statement or the institution or notice of intended institution threatening of any action or proceeding for that purpose, and (ivv) of the receipt by the Company of any notification with respect to the suspension of the registration, qualification or exemption from registration or qualification of the Notes Shares for sale in any jurisdiction, jurisdiction or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort use its best efforts to prevent the issuance of any such a stop order or suspension and, if such an order shall at any time be issued, to obtain as soon as possible the withdrawal thereof at the earliest possible momentthereof.
(c) The Company will (i) on or before the Closing Date, deliver to you the Representative and its counsel a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)the Representative) and will also deliver to the Representative, for distribution to the several Underwriters, a sufficient number of additional conformed copies of each of the foregoing (excluding exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youthe Representative and send to the several Underwriters, at such office or offices as you the Representative may designate, as many copies of the Prospectus as you the Representative may reasonably request, request and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or a dealer, likewise to send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you the Representative may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or a dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, necessary to supplement or amend the Prospectus in order to make the Prospectus not misleading or so that the Prospectus will not omit to state a material fact necessary to be stated therein, in the light of the circumstances existing each case at the time it the Prospectus is delivered to a purchaser of the NotesShares, or if it shall be necessary to amend or to supplement the Prospectus to comply with the Securities Act or the Rules and Regulations, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in therein not misleading and so that it then will otherwise comply with the light of Securities Act and the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleadingRules and Regulations. If, after the initial public offering of the Notes Shares by the Underwriter Underwriters and during such period, the Underwriter shall Underwriters propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you the Representative will advise the Company in writing of the proposed variationvariation and if, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters, such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Shares may be sold by the Underwriter Underwriters to use the Prospectus, as from time to time so amended or supplemented, in connection with the sale of the Notes Shares in accordance with the applicable provisions of the Securities Act and the applicable rules Rules and regulations thereunder Regulations for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when cooperate with the Representative and as requested by you, its counsel in the qualification or registration of the Notes Shares for offer and sale under the securities or blue sky laws of such jurisdictions as you the Representative may designate and, if applicable, in connection with exemptions from such qualification or registration and, during the period in which a prospectus Prospectus is required by law to be delivered by the an Underwriter or a dealer, in keeping such qualifications qualifications, registrations and exemptions in good standing under said securities or blue sky lawseffect; PROVIDEDprovided, HOWEVERhowever, that -------- ------- the Company shall not be obligated to file any general consent to service of process or to qualify to do business as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, reports and other documents as are or may be required to continue such qualifications qualifications, registrations and exemptions in effect for so long a period as you the Representative may reasonably request for the distribution of the NotesShares.
(gf) During a period of five years commencing with the date hereofof this Agreement, the Company will promptly furnish to you the Representative and to each Underwriter who may so request in writing copies of (i) all periodic and special reports furnished by it to stockholders shareholders of the Company and of Company, (ii) all information, documents and reports filed by it with the Commission, any securities exchange on which any securities of the Company are then listed, the Nasdaq National Market or the NASD, (iii) all press releases and material news items or articles in respect of the Company or its affairs released or prepared by the Company (other than promotional and marketing materials disseminated solely to customers and potential customers of the Company in the ordinary course of business) and (iv) any additional information concerning the Company or its business which the Representative may reasonably request.
(g) Within 90 days of the Closing Date, the Company will furnish the Representative with four bound volumes which shall be standard for an underwriting transaction of the type contemplated by this Agreement.
(h) Not As soon as practicable, but not later than the 45th day following the end of the fiscal quarter first occurring ending after the first anniversary of the Effective Date, the Company will make generally available to its security securities holders and furnish to the Representative an earnings statement or statements (which need not be audited) in accordance with Section 11(a) of the Securities Act and Rule 158 thereunderof the Rules and Regulations.
(i) The Company agrees to pay all costs and expenses incident to will apply the performance of its obligations under this Agreement and net proceeds from the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") offering of the Registration Statement, any Preliminary Shares in the manner set forth under the caption "Use of Proceeds" in the Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account will comply with all provisions of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and all undertakings contained in the review of the offering by the NASDRegistration Statement.
(k) The Company hereby agrees thatwill, at all times for a period of at least five years after the date of this Agreement, cause the Common Stock (including the Shares) to be included on the Nasdaq National Market to the extent that the Common Stock satisfies the then applicable criteria for inclusion, and the Company will comply with all registration, filing, reporting, listing and other requirements of the Exchange Act and the Nasdaq National Market, which may from time to time be applicable to the Company.
(l) The Company will use its best efforts to maintain insurance of the types and in the amounts which it deems adequate for its business consistent with insurance coverage maintained by companies of similar size and engaged in similar businesses in similar geographic locations, including, but not limited to, product liability insurance and general liability insurance covering all real and personal property owned or leased by the Company against theft, damage, destruction, acts of vandalism and all other risks customarily insured against.
(m) The Company will issue no press release prior to the Closing Date with respect to the offering of the Shares without the Representative's prior written consent. (n) The Company will not effect a change in its accounting firm to any other firm other than a "big six" accounting firm for a period of three years from the date of this Agreement without the written consent of the Representative.
(o) The Company has not and will not, without the prior written consent of the UnderwriterRepresentative, it will not, during seek any exemption from the period ending ninety (90) days after requirements for inclusion on the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.Nasdaq National Market.
(lp) The Company is familiar will take all steps necessary to comply with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning requirements of the Investment Company Act NASD in connection with the issuance and sale of 1940, as amended, and the rules and regulations thereunderShares.
Appears in 1 contract
Samples: Underwriting Agreement (Atg Inc)
Further Agreements of the Company. The Company covenants and agrees with the several Underwriters as follows:
(a) The Company will (i) prepare use its best efforts to cause the Registration Statement, and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted any amendment thereof, if not effective at the time of effectiveness execution of this Agreement, to become effective as promptly as possible. If the Registration Statement has become or becomes effective pursuant to Rule 430A, or filing of the Prospectus is otherwise required under Rule 424(b), the Company will file the Prospectus, properly completed (and in reliance on form and substance reasonably satisfactory to the Underwriters) pursuant to Rule 430A 424(b) within the time period prescribed and will provide evidence satisfactory to the Representatives of such timely filing. The Company will not file the Prospectus, any amended Prospectus, any amendment (including post-effective amendments) to the Registration Statement or any supplement to the Prospectus without (i) advising the Representatives of and, a reasonable time prior to the proposed filing of such amendment or supplement, furnishing the Representatives with copies thereof and (ii) not obtaining the prior consent of the Representatives to such filing. The Company will prepare and file with the Commission, promptly upon the request of the Representatives, any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy that may be necessary or to which you shall have reasonably objected advisable in writing or which is not in compliance connection with the Securities Act or the rules and regulations distribution of the CommissionShares by the Underwriters and use its best efforts to cause the same to become effective as promptly as possible.
(b) The Company will promptly notify advise the Representatives in the event of (i) when the Registration Statement becomes effective, (ii) when any post-effective amendment thereof becomes effective, (iii) of any request by the Commission for any amendment of or supplement to the Registration Statement or for supplement to the Prospectus or for any additional information, (iiiv) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) Statement or the institution or notice of intended institution threatening of any action or proceeding for that purpose, purpose and (ivv) of the receipt by the Company of any notification with respect to the suspension of the registration, qualification or exemption from registration or qualification of the Notes Shares for sale in any jurisdiction, jurisdiction or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort use its best efforts to prevent the issuance of any such a stop order or suspension and, if such an order shall at any time be issued, to obtain as soon as possible the withdrawal thereof at the earliest possible momentthereof.
(c) The Company will (i) on or before the Closing Date, deliver to you the Representatives and to Underwriters' counsel a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless and to the extent previously furnished to you)the Representatives) and all documents filed by the Company with the Commission under the Exchange Act and deemed to be incorporated by reference into any Preliminary Prospectus or the Prospectus and will also deliver to the Representatives, for distribution to the several Underwriters, a sufficient number of additional conformed copies of each of the foregoing (excluding exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youeach of the Representatives and send to the several Underwriters, at such office or offices as you the Representatives may designate, as many copies of the Prospectus as you the Representatives may reasonably request, request and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealeran Underwriter, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you the Representatives may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, necessary to supplement or amend the Prospectus in order to make the Prospectus not misleading or so that the Prospectus will not omit to state a material fact necessary to be stated therein, in the light of the circumstances existing each case at the time it the Prospectus is delivered to a purchaser of the NotesShares, or if it shall be necessary to amend or to supplement the Prospectus to comply with the Securities Act or the Rules and Regulations, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in therein not misleading and so that it then will otherwise comply with the light of Securities Act and the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleadingRules and Regulations. If, after the public offering of the Notes Shares by the Underwriter Underwriters commences and during such period, the Underwriter shall Underwriters propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you the Representatives will advise the Company in writing of the proposed variationvariation and if, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters, such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Shares may be sold by the Underwriter Underwriters to use the Prospectus, as from time to time so amended or supplemented, in connection with the sale of the Notes Shares in accordance with the applicable provisions of the Securities Act and the applicable rules Rules and regulations thereunder Regulations for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when cooperate with the Representatives and as requested by you, Underwriters' counsel in the qualification or registration of the Notes Shares for offer and sale under the securities or blue sky laws of such jurisdictions as you the Representatives may designate and, if applicable, in connection with exemptions from such qualification or registration and, during the period in which a prospectus Prospectus is required by law to be delivered by the an Underwriter or a dealer, in keeping such qualifications qualifications, registrations and exemptions in good standing under said securities or blue sky lawseffect; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify to do business as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, reports and other documents as are or may be required to continue such qualifications qualifications, registrations and exemptions in effect for so long a period as you the Representatives may reasonably request for the distribution of the NotesShares.
(gf) During a period of five years commencing with the date hereofof this Agreement, the Company will promptly furnish to you the Representatives and to each Underwriter who may so request in writing copies of (i) all periodic and special reports furnished by it to stockholders of the Company and of Company, (ii) all information, documents and reports filed by it with the Commission, the Nasdaq National Market, any securities exchange or the NASD, (iii) all material press releases and material news items or articles in respect of the Company, its products or affairs released or prepared by the Company (other than promotional and marketing materials disseminated solely to customers and potential customers of the Company in the ordinary course of business) and (iv) any additional information concerning the Company or its business which the Representatives may reasonably request.
(hg) Not As soon as practicable, but not later than the 45th day following the end of the fiscal quarter first occurring ending after the first anniversary of the Effective Date, the Company will make generally available to its security securities holders and furnish to the Representatives an earnings statement or statements in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(h) The Company agrees that, without Xxx Xxxxxx'x prior written consent, the Company will not, and will not allow the Holders to, in each case directly or indirectly, offer, sell, grant any option to purchase, contract to sell, or otherwise sell or dispose of any shares of Common Stock, or any securities convertible into or exchangeable for shares of Common Stock for a period of 180 days following the date of this Agreement, excluding only (i) the sale of the Shares to be sold to the Underwriters pursuant to this Agreement and (ii) the grant by the Company of options to purchase Common Stock (provided that none of such options are or become exercisable during such 180-day period) or the issuance by the Company of shares of Common Stock upon the exercise in accordance with options previously granted under the Company's presently authorized stock option plans as described in the Prospectus or in documents incorporated therein, or upon the exercise in accordance with their terms of previously granted warrants which are described in the Prospectus or in documents incorporated therein.
(i) The Company agrees to pay will establish and maintain all costs financial control and expenses incident to the performance of its obligations under this Agreement and the Indenturefinancial reporting systems customary for well-established public companies, including all costs but not limited to adequate management information and expenses incident
(i) the preparationreporting systems, printing and filing will employ and maintain, with the Commission adequate staffing levels at headquarters and the National Association at each significant Subsidiary or significant functional division, and at each level of Securities Dealersresponsibility, Inc. ("NASD") an employee staff of the Registration Statementwell trained and highly qualified financial professionals. [AS SOON AS PRACTICABLE AFTER THE CLOSING DATE, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.THE COMPANY WILL HIRE A FULL-TIME CORPORATE CONTROLLER WITH SUFFICIENT EXPERIENCE AND AUTHORITY TO ASSIST THE CHIEF FINANCIAL OFFICER OF THE COMPANY IN MANAGING AND IMPLEMENTING ADEQUATE MANAGEMENT INFORMATION AND REPORTING SYSTEMS. DID THIS HAPPEN?]
(j) The Company agrees to reimburse you, for will apply the account of net proceeds from the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid offering received by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and it in the review manner set forth under the caption "Use of Proceeds" in the offering by the NASDProspectus.
(k) The Company hereby agrees thatwill, without the prior written consent and at all times for a period of the Underwriter, it will not, during the period ending ninety (90) days at least five years after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of unless such securities are then listed on a national securities exchange, use its best efforts to cause the Common Stock issued under (including the stock option Shares) to be included for listing on the Nasdaq National Market, and stock purchase plans the Company will comply with all registration, filing, reporting and other requirements within its control of the Company (Exchange Act and the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall Nasdaq National Market which may from time to time be deemed to include any sale to an institution which can, following such sale, sell Common Stock applicable to the public in reliance on Rule 144A.Company.
(l) The Company is familiar with will use commercially reasonable efforts to maintain insurance of the Investment Company Act of 1940, as amended, types and has in the past conducted amounts which it deems adequate for its affairsbusiness consistent with insurance coverage maintained by companies of similar size and engaged in similar businesses including, but not limited to, general liability insurance covering all real and will in the future conduct its affairs, in such a manner to ensure that personal property owned or leased by the Company was not against theft, damage, destruction, acts of vandalism and all other risks customarily insured against.
(m) The Company will not be an "investment company" or a company "controlled" issue no press release prior to the purchase by an "investment company" within the meaning Underwriters of all of the Investment Company Act of 1940Option Shares or within 45 days after the Closing Date, as amendedwhichever is earlier, and without prior consultation with Xxx Xxxxxx with respect to the rules and regulations thereundercontents thereof.
Appears in 1 contract
Further Agreements of the Company. The Company hereby covenants and agrees with the Underwriter as follows:
(a) If the Registration Statement has not become effective prior to the date hereof, the Company will use its best efforts to cause the Registration Statement and any subsequent amendments thereto to become effective as promptly as possible. The Company will (i) prepare notify the Underwriter promptly, after the Company shall receive notice thereof, of the time when the Registration Statement, or any subsequent amendment thereto, has become effective or any supplement to the Prospectus has been filed. Following the execution and delivery of this Agreement, the Company will prepare, and timely file or transmit for filing with the Commission under Rule SEC in accordance with Rules 430A, 424(b) a Prospectus containing information previously omitted at the time of effectiveness and 434, as applicable, copies of the Registration Statement in reliance on Rule 430A and (ii) not file any Prospectus, or, if necessary, a post-effective amendment to the Registration Statement or supplement (including the Prospectus), in which event, the Company will take all necessary action to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) such post-effective amendment declared effective as soon as possible. The Company will promptly notify the Representatives in Underwriter promptly upon the event Company's obtaining knowledge of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission SEC of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution Statement or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening threat of any proceeding proceedings for such purpose. The Company that purpose and will make every reasonable effort use its best efforts to prevent the issuance of such a any stop order and, if such an a stop order shall at any time be is issued, to obtain as soon as possible the withdrawal thereof at the earliest possible moment.
(c) or lifting thereof. The Company will (i) on promptly prepare and file at its own expense with the SEC any amendments of, or before the Closing Datesupplements to, deliver to you a signed copy of the Registration Statement as originally filed and or the Prospectus which may be necessary in connection with the distribution of each amendment thereto filed prior the Shares by the Underwriter. During the period when a Prospectus relating to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus Shares is required by law to be delivered by under the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities 1933 Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and promptly file with any amendments of, or supplements to, the Commission a supplement to Registration Statement or the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain which may be necessary to correct any untrue statement of a material fact or omit any omission to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaserunder which they were made, not misleading. IfThe Company will notify the Underwriter promptly of the receipt of any comments from the SEC regarding the Registration Statement or Prospectus or request by the SEC for any amendment thereof or supplement thereto or for any additional information. The Company will not file any amendment of, or supplement to, the Registration Statement or Prospectus, whether prior to or after the public offering of the Notes by Effective Date, which shall not previously have been submitted to the Underwriter and during such period, its counsel a reasonable time prior to the proposed filing or to which the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such periodhave reasonably objected.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(fb) The Company has used and will cooperate, when and as requested by you, in continue to use its best efforts to register or qualify the qualification of the Notes Shares for offer and sale under the securities or blue sky laws of such jurisdictions as you the Underwriter may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that and the Company shall not be obligated to will file any general consent such consents to service of process or other documents necessary or appropriate in order to effect such registration or qualification. In each jurisdiction in which the Shares shall have been registered or qualified as above provided, the Company will continue such registrations or qualifications in effect for so long as may be required for purposes of the distribution of the Shares; provided, however, that in no event shall the Company be obligated to qualify to do business as a foreign corporation in any jurisdiction in which it is not now so qualified or to take any action which would subject it to the service of process in suits, other than those arising out of the offering or sale of the Shares in any jurisdiction where it is not now so subject. In each jurisdiction where any of the Shares shall have been so qualified. The , the Company will from time to time, prepare and file such statements, reports, statements and other documents reports as are or may be reasonably required by the laws of such jurisdiction to continue such qualifications qualification in effect. The Company will notify the Underwriter immediately of, and confirm in writing, the suspension of qualification of the Shares or the threat of such action in any jurisdiction. The Company will use its best efforts to qualify or register its Common Stock for sale in nonissuer transactions under (or obtain exemptions from the application of) the securities laws of such states designated by the Underwriter (and thereby permit market-making transactions and secondary trading in its Common Stock in such states), and will comply with such securities laws and will continue such qualifications, registrations and exemptions in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with after the date hereof, the .
(c) The Company will furnish to you the Underwriter, as soon as available, copies of the Registration Statement (one of which will be signed and which shall include all periodic exhibits), each Preliminary Prospectus, the Prospectus and special reports furnished any amendments or supplements to stockholders such documents, including any prospectus prepared to permit compliance with Section 10(a)(3) of the 1933 Act, all in such quantities as the Underwriter may from time to time reasonably request prior to the printing of each such document. The Company specifically authorizes the Underwriter and all dealers to whom any of all information, documents the Shares may be sold by the Underwriter to use and reports filed distribute copies of such Preliminary Prospectuses and Prospectuses in connection with Commissionthe sale of the Shares as and to the extent permitted by the federal and applicable state and local securities laws.
(hd) Not later For as long as the Company has more than the 45th day following the end of the fiscal quarter first occurring 100 beneficial owners, but in no event more than five years after the first anniversary of the Effective Date, the Company will make generally available mail as soon as practicable to the holders of its security holders an earnings statement Common Stock substantially the following documents, which documents shall be in accordance compliance with this Section 11(a) of if they are in the Securities Act and Rule 158 thereunder.form prescribed by the 1934 Act:
(i) within forty-five days after the end of the first three quarters of each fiscal year, copies of the quarterly unaudited statement of profit and loss and quarterly unaudited balance sheets of the Company and any material subsidiaries; and
(ii) within ninety days after the close of each fiscal year, appropriate financial statements as of the close of such fiscal year for the Company and any material subsidiary which shall be certified to by a nationally recognized firm of independent certified public accountants in such form as to disclose the Company's financial condition and the results of its operations for such fiscal year.
(e) For as long as the Company has more than 100 beneficial owners, but in no event more than five years after the Effective Date, the Company will furnish to the Underwriter (i) concurrently with furnishing such reports to its stockholders, the reports described in Section 3(d) hereof; (ii) as soon as they are available, copies of all other reports (financial or otherwise) mailed to security holders; and (iii) as soon as they are available, copies of all reports and financial statements furnished to, or filed with, the SEC, the NASD, any securities exchange or any state securities commission by the Company. During such period, the foregoing financial statements shall be on a consolidated basis to the extent that the accounts of the Company and any subsidiary or subsidiaries are consolidated and shall be accompanied by similar financial statements for any significant subsidiary which is not so consolidated.
(f) The Company agrees will not, without the prior written consent of the Underwriter, which consent shall not be unreasonably withheld, sell or otherwise dispose of any capital stock or securities convertible or exercisable into capital stock of the Company (other than pursuant to currently outstanding options and warrants) during the 180-day period following the Effective Date. Prior to the Closing Date, the Company will not repurchase or otherwise acquire any of its capital stock or declare or pay any dividend or make any distribution on any class of its capital stock.
(g) Subject to the proviso set forth below, the Company shall be responsible for and pay all costs and expenses incident to the performance of its obligations under this Agreement and by the IndentureCompany including, including without limiting the generality of the foregoing, (i) all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements the Registration Statement (including financial statements and amendments to exhibits), Preliminary Prospectuses and the Prospectus referred and any amendments thereof or supplements to in paragraph any of the foregoing; (dii) the issuance and delivery of this Section 6 the Shares, including taxes, if any; (iii) the cost of all certificates representing the Shares; (iv) the fees and expenses of the T-1, Transfer Agent for the Shares; (v) the furnishing to you fees and disbursements of counsel for the Company; (vi) all fees and other charges of the reports independent public accountants of the Company; (vii) the cost of furnishing and information delivering to the Underwriter and dealers participating in the offering copies of the Registration Statement (including appropriate exhibits), Preliminary Prospectuses, the Prospectus and any amendments of, or supplements to, any of the foregoing; (viii) the NASD filing and quotation fees; (ix) the fees and disbursements, including filing fees and all accountable fees and expenses of counsel for the Underwriter incurred in registering or qualifying the Shares for sale under the laws of such jurisdictions upon which the Underwriter and the Company may agree; and (x) a nonaccountable expense allowance to the Underwriter equal to 3% of the gross proceeds of the Offering. The Underwriter hereby acknowledge receipt of a $10,000 advance against the Underwriter's nonaccountable expense allowance referred to in paragraph (g) the preceding sentence. In the event this Agreement is terminated pursuant to Section 8 below, the Company shall remain obligated to pay the Underwriter its actual accountable out-of-pocket expenses, not to exceed $20,000 without the prior written approval of the Company. Further, if upon termination of this Agreement pursuant to Section 6 and (vi) 8 below, the printing and issuance Underwriter's actual accountable out-of-pocket expenses do not exceed the $10,000 advance against the Underwriter's accountable expense allowance, the portion of the Indenture advance not used will be reimbursed to the Company by the Underwriter.
(h) The Company will not take, and will use its best efforts to cause each of its officers and directors not to take, directly or indirectly, any action designed to or which might reasonably be expected to cause or result in the note certificates, including stabilization or manipulation of the transfer agent's feesprice of any security of the Company to facilitate the sale or resale of the Shares.
(i) The Company will use its best efforts to maintain the quotation of its Common Stock on the Nasdaq SmallCap Market-SM-.
(j) The For a period of at least three years after the Effective Date, the Company agrees to reimburse you, for will file with the account of the several Underwriter, for blue sky fees SEC all reports and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering other documents as may be required by the NASD1933 Act, the Rules and Regulations and the 1934 Act.
(k) The Company hereby agrees that, without will apply the prior written consent proceeds from the sale of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference Shares substantially in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of manner set forth in the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.Prospectus.
(l) The Prior to or as of the First Closing Date, the Company is familiar shall have performed each condition to closing required to be performed by it pursuant to Section 4 hereof.
(m) Other than as permitted by the 1933 Act and the Rules and Regulations, the Company will not distribute any prospectus or other offering material in connection with the Investment Offering.
(n) On First Closing Date, the Company Act of 1940, as amended, and has in shall grant to the past conducted its affairs, and will in Underwriter the future conduct its affairsUnderwriter's Warrants, in such a manner to ensure that substantially the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, form attached as amended, and the rules and regulations thereunderAppendix B hereto.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commissionthe Commission (including the Report on Form SR required by Rule 463 of the Commission under the Securities Act).
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("the NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Xxxxxxxxx & Xxxxx LLC on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 180 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, directly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, Stock or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) shares of Common Stock issued by the Company upon the exercise of options outstanding as of the date hereof granted under the stock option and stock purchase plans of the Company (the "Stock Option Plans"), including Common Stock issued ) or upon the exercise of options granted under warrants outstanding as of the Stock Plansdate hereof, all as described through incorporation by reference in footnote (2) to the table under the caption Capitalization in the Preliminary Prospectus Prospectus, and (cC) shares of options to purchase Common Stock issued on conversion of granted under the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.Option Plans.
(l) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Stock has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Prospectus), the Company will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and disseminate a press release or other public statement, reasonably satisfactory to you, responding to or commenting on such rumor, publication or event.
(m) The Company is familiar with the Investment Company Act of 1940, as amendednot, and has upon receipt and pending application of the net proceeds from the sale of the Stock to be sold by the Company in the past conducted its affairs, and will manner described in the future conduct its affairs, in such a manner to ensure that the Company was not and Prospectus will not be be, an "investment company" or ", a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
(n) The Company agrees to maintain or cause to be maintained, with financially sound and reputable insurers, insurance with respect to its assets and business substantially similar (including but not limited to policy amounts and deductibles) to the Liability Insurance Policies for at least 18 months from the date hereof, and shall provide to the Underwriters, upon request, copies of all such insurance policies.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees with the several Underwriters as follows:
(a) The Company will (i) prepare use its best efforts to cause the Registration Statement, and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted any amendment thereof, if not effective at the time of effectiveness execution of this Agreement, to become effective as promptly as possible. If the Registration Statement has become or becomes effective pursuant to Rule 430A, or filing of the Prospectus is otherwise required under Rule 424(b), the Company will file the Prospectus, properly completed (and in reliance on form and substance reasonably satisfactory to the Underwriters) pursuant to Rule 430A 424(b) within the time period prescribed and will provide evidence satisfactory to the Representatives of such timely filing. The Company will not file the Prospectus, any amended Prospectus, any amendment (including post-effective amendments) to the Registration Statement or any supplement to the Prospectus without (i) advising the Representatives of and, a reasonable time prior to the proposed filing of such amendment or supplement, furnishing the Representatives with copies thereof and (ii) not obtaining the prior consent of the Representatives to such filing. The Company will prepare and file with the Commission, promptly upon the request of the Representatives, any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy that may be necessary or to which you shall have reasonably objected advisable in writing or which is not in compliance connection with the Securities Act or the rules and regulations distribution of the CommissionShares by the Underwriters and use its best efforts to cause the same to become effective as promptly as possible.
(b) The Company will promptly notify advise the Representatives in the event of (i) when the Registration Statement becomes effective, (ii) when any post-effective amendment thereof becomes effective, (iii) of any request by the Commission for any amendment of or supplement to the Registration Statement or for supplement to the Prospectus or for any additional information, (iiiv) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) Statement or the institution or notice of intended institution threatening of any action or proceeding for that purpose, purpose and (ivv) of the receipt by the Company of any notification with respect to the suspension of the registration, qualification or exemption from registration or qualification of the Notes Shares for sale in any jurisdiction, jurisdiction or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort use its best efforts to prevent the issuance of any such a stop order or suspension and, if such an order shall at any time be issued, to obtain as soon as possible the withdrawal thereof at the earliest possible momentthereof.
(c) The Company will (i) on or before the Closing Date, deliver to you the Representatives and to Underwriters' counsel a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless and to the extent previously furnished to you)the Representatives) and all documents filed by the Company with the Commission under the Exchange Act and deemed to be incorporated by reference into any Preliminary Prospectus or the Prospectus and will also deliver to the Representatives, for distribution to the several Underwriters, a sufficient number of additional conformed copies of each of the foregoing (excluding exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youeach of the Representatives and send to the several Underwriters, at such office or offices as you the Representatives may designate, as many copies of the Prospectus as you the Representatives may reasonably request, request and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealeran Underwriter, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you the Representatives may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessarywhich, in the opinion of counsel for of the Company or of counsel for the UnderwriterRepresentatives, it is necessary to supplement or amend the Prospectus in order to make the Prospectus not misleading or so that the Prospectus will not omit to state a material fact necessary to be stated therein, in the light of the circumstances existing each case at the time it the Prospectus is delivered to a purchaser of the NotesShares, or if it shall be necessary to amend or to supplement the Prospectus to comply with the Securities Act or the Rules and Regulations, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in therein not misleading and so that it then will otherwise comply with the light of Securities Act and the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleadingRules and Regulations. If, after the public offering of the Notes Shares by the Underwriter Underwriters commences and during such period, the Underwriter shall Underwriters propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you the Representatives will advise the Company in writing of the proposed variationvariation and if, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters, such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Shares may be sold by the Underwriter Underwriters to use the Prospectus, as from time to time so amended or supplemented, in connection with the sale of the Notes Shares in accordance with the applicable provisions of the Securities Act and the applicable rules Rules and regulations thereunder Regulations for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when cooperate with the Representatives and as requested by you, Underwriters' counsel in the qualification or registration of the Notes Shares for offer and sale under the securities or blue sky laws of such jurisdictions as you the Representatives may designate and, if applicable, in connection with exemptions from such qualification or registration and, during the period in which a prospectus Prospectus is required by law to be delivered by the an Underwriter or a dealer, in keeping such qualifications qualifications, registrations and exemptions in good standing under said securities or blue sky lawseffect; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify to do business as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, reports and other documents as are or may be required to continue such qualifications qualifications, registrations and exemptions in effect for so long a period as you the Representatives may reasonably request for the distribution of the NotesShares.
(gf) During a period of five years commencing with the date hereofof this Agreement, the Company will promptly furnish to you the Representatives and to each Underwriter who may so request in writing copies of (i) all periodic and special reports furnished by it to stockholders Shareholders of the Company and of Company, (ii) all information, documents and reports filed by it with the Commission, the Nasdaq National Market, any securities exchange or the NASD, (iii) all material press releases and material news items or articles in respect of the Company, its products or affairs released or prepared by the Company (other than promotional and marketing materials disseminated solely to customers and potential customers of the Company in the ordinary course of business) and (iv) any additional information concerning the Company or its business which the Representatives may reasonably request.
(hg) Not As soon as practicable, but not later than the 45th day following the end of the fiscal quarter first occurring ending after the first anniversary of the Effective Date, the Company will make generally available to its security securities holders and furnish to the Representatives an earnings statement or statements in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(h) The Company agrees that, without FSVK's prior written consent, the Company will not, and will not allow the Holders to, in each case directly or indirectly, offer, sell, grant any option to purchase, contract to sell, or otherwise sell or dispose of any shares of Common Stock, or any securities convertible into or exchangeable for shares of Common Stock for a period of 180 days following the date of this Agreement, excluding only (i) the sale of the Shares to be sold to the Underwriters pursuant to this Agreement and (ii) the grant by the Company of options to purchase Common Stock (provided that none of such options are or become exercisable during such 180-day period) or the issuance by the Company of shares of Common Stock upon the exercise in accordance with options previously granted under the Company's presently authorized stock option plans as described in the Prospectus or in documents incorporated therein, or upon the exercise in accordance with their terms of previously granted warrants which are described in the Prospectus or in documents incorporated therein.
(i) The Company agrees to pay will establish and maintain all costs financial control and expenses incident to the performance of its obligations under this Agreement and the Indenturefinancial reporting systems customary for well-established public companies, including all costs but not limited to adequate management information and expenses incident
(i) the preparationreporting systems, printing and filing will employ and maintain, with the Commission adequate staffing levels at headquarters and the National Association at each significant Subsidiary or significant functional division, and at each level of Securities Dealersresponsibility, Inc. ("NASD") an employee staff of the Registration Statement, any Preliminary Prospectus, the Prospectus well trained and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's feeshighly qualified financial professionals.
(j) The Company agrees to reimburse you, for will apply the account of net proceeds from the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid offering received by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and it in the review manner set forth under the caption "Use of Proceeds" in the offering by the NASDProspectus.
(k) The Company hereby agrees thatwill, without the prior written consent and at all times for a period of the Underwriter, it will not, during the period ending ninety (90) days at least five years after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of unless such securities are then listed on a national securities exchange, use its best efforts to cause the Common Stock issued under (including the stock option Shares) to be included for listing on the Nasdaq National Market, and stock purchase plans the Company will comply with all registration, filing, reporting and other requirements within its control of the Company (Exchange Act and the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall Nasdaq National Market which may from time to time be deemed to include any sale to an institution which can, following such sale, sell Common Stock applicable to the public in reliance on Rule 144A.Company.
(l) The Company is familiar with will use commercially reasonable efforts to maintain insurance of the Investment Company Act of 1940, as amended, types and has in the past conducted amounts which it deems adequate for its affairsbusiness consistent with insurance coverage maintained by companies of similar size and engaged in similar businesses including, but not limited to, general liability insurance covering all real and will in the future conduct its affairs, in such a manner to ensure that personal property owned or leased by the Company was not against theft, damage, destruction, acts of vandalism and all other risks customarily insured against.
(m) The Company will not be an "investment company" or a company "controlled" issue no press release prior to the purchase by an "investment company" within the meaning Underwriters of all of the Investment Company Act of 1940Option Shares or within 45 days after the Closing Date, as amendedwhichever is earlier, and without prior consultation with Xxx Xxxxxx with respect to the rules and regulations thereundercontents thereof.
Appears in 1 contract
Further Agreements of the Company. The In addition to the other agreements of the Company covenants and in this Agreement, the Company further agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives Purchaser, and confirm such notice in the event of (i) the request by the Commission for amendment writing, of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission happening of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed event prior to the time Closing Date that makes any statement of a material fact made or incorporated by reference in the Registration Statement becomes effective andPrivate Placement Memorandum untrue or that requires any additions to, promptly upon or changes in, the filing thereof, a signed copy of each post- effective amendment, if any, Private Placement Memorandum or any Exchange Act Document in order to make the Registration Statement (together withstatements therein, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies the light of the Prospectus as you may reasonably requestcircumstances under which they were made, and not misleading;
(iiib) thereafter from time to time during advise the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies Purchaser promptly of any proposal to amend or supplement to the Prospectus Private Placement Memorandum or any Exchange Act Document; and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer if any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur or any condition shall exist as a result of which it is necessary, in the reasonable opinion of counsel for to the Company or of counsel for the UnderwriterCompany, to amend or supplement or amend the Prospectus Private Placement Memorandum in order to make that the Prospectus not misleading in Private Placement Memorandum and the light Exchange Act Documents will not, as of their respective dates, as of the circumstances existing at the time it is delivered to a purchaser date of this Agreement and as of the NotesClosing Date, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or include an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any a material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaserunder which they were made, not misleading. If, after to promptly notify the public offering of the Notes by the Underwriter Purchaser and during such periodpromptly prepare or, the Underwriter shall propose with respect to vary the terms of offering thereof by reason of changes in general market conditions or otherwiseany Exchange Act Documents, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission such amendment or supplement as may be necessary to correct such untrue statement or omission;
(c) to use reasonable best efforts to qualify the Notes and the Shares for offering and sale under the securities laws of such jurisdictions as the Purchaser may reasonably request and to comply with such laws so as to permit the continuance of sales and dealings therein in such jurisdictions for as long as may be necessary to complete the Private Placement; provided that, in connection therewith, the Company shall not be required to qualify as a supplement foreign corporation or to file a general consent to service of process in any jurisdiction;
(d) to advise the Prospectus Purchaser promptly of the issuance by any state securities commission of any stop order suspending the qualification or an amended Prospectus setting forth exemption from qualification of any Notes for offering or sale in any jurisdiction designated by the Purchaser pursuant to Section 4(c) hereof, or the initiation of any proceeding by any state securities commission or other federal or state regulatory authority for such variationpurpose. The Company authorizes shall use all commercially reasonable efforts to prevent the Underwriter and all dealers to whom issuance of any stop order or order suspending the qualification or exemption of any of the Notes may be sold under any state securities or Blue Sky laws, and if at any time any state securities commission or other federal or state regulatory authority shall issue an order suspending the qualification or exemption of any Notes under any state securities or Blue Sky laws, the Company shall use all commercially reasonable efforts to obtain the withdrawal or lifting of such order at the earliest possible time.
(e) to apply the proceeds therefrom as set forth under the caption "Use of Proceeds" in the Private Placement Memorandum.
(f) so long as the Notes are outstanding, (i) to furnish to the Purchaser as soon as reasonably practicable after the end of each fiscal year, a copy of its annual report to stockholders for such year, if one is prepared, and (ii) to make available to the Purchaser as soon as reasonably practicable after such materials become available, copies of all other reports or other communications furnished by the Underwriter Company to use its security holders or furnished to or filed with the ProspectusCommission or any national securities exchange on which any class of securities of the Company is listed and such other publicly available information concerning the Company as the Purchaser may reasonably request; provided, however, that any such report filed on the Commission's EDGAR system need not be xurnished pursuant to this Section 4(d).
(g) so long as from time any of the Notes remain outstanding and are "restricted securities" within the meaning of Rule 144(a)(3) under the Securities Act, to time amended or supplemented, make available to any holder of Notes in connection with any sale thereof and any prospective purchaser of such Notes from such holder, upon the request of such holder or prospective purchaser, the information ("Rule 144A Information") required by Rule 144A(d)(4) under the Securities Act if, at the time of such request, the Company is not subject to Section 13 or 15(d) of the Exchange Act.
(h) not to sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any security (as defined in the Securities Act) that would be integrated with the sale of the Notes to the Purchaser in accordance with a manner that would require the applicable provisions registration of any such sale of the Notes under the Securities Act and the applicable rules and regulations thereunder for such periodAct.
(ei) Prior to use all commercially reasonable efforts to do and perform all things required or necessary to be done and performed under this Agreement prior to the filing thereof with the Commission, the Company will submit Closing Date and to you, for your information, a copy of any post-effective amendment satisfy all conditions precedent to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution delivery of the Notes.
(gj) During for a period of five years commencing with 90 days from the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose ofnot to, directly or indirectly, (1) announce an offering of, or file a registration statement with the Commission relating to, equity securities of the Company (other than the offering contemplated by this Agreement) or offer for sale, sell, pledge or otherwise dispose of (or enter into any transaction or device which is designed to, or could be expected to, result in the disposition or purchase by any person at any time in the future of) any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common StockStock other than the Notes and shares of Common Stock to be issued in the ordinary course pursuant to currently outstanding options, warrants or rights), or (2) enter into any swap or similar agreement other derivatives transaction that transferstransfers to another, in whole or in part, any of the economic risk benefits or risks of ownership of such shares of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that without the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans prior written consent of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunderPurchaser.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing writing, [unless the Company is otherwise advised by counsel that the Company is legally required to file such amendment or supplement] or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of of
(i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified, or take any other action that would subject it to general service of process or to taxation in respect of doing business. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("the NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (viv) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (viv) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review filing fee of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Xxxxxxxxx & Xxxxx LLC on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 180 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, directly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant option to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plansstock option plan of the Company (the Option Plan) or upon the exercise of warrants outstanding as of the date hereof, all as described through incorporation by reference in the footnote to the table under the caption "Capitalization" in the Preliminary Prospectus Prospectus, (C) options to purchase Common Stock granted under the Option Plan, and (cD) shares of Common Stock issued on conversion by the Company in connection with certain affiliation transactions, provided that any such transferee agrees to be bound by the terms of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public lock-up agreement described in reliance on Rule 144A.Section 9(j) herein.
(l) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Stock has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Prospectus), the Company will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and disseminate a press release or other public statement, reasonably satisfactory to you, responding to or commenting on such rumor, publication or event.
(m) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Samples: Underwriting Agreement (BMJ Medical Management Inc)
Further Agreements of the Company. The Company covenants and further agrees with the Representative as follows:
(a) The Company will To use its best efforts to cause the Registration Statement to become effective under the Securities Act as promptly as possible and notify the Representative immediately, and confirm such notice in writing, (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of when the Registration Statement in reliance on Rule 430A and (ii) not file any post-effective amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with thereto become effective under the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional informationAct, (ii) of the issuance by the Commission receipt of any stop order suspending comments from the effectiveness SEC or the “blue sky” or securities authority of any jurisdiction regarding the Registration Statement, any post-effective amendment thereto, the Prospectus, or any amendment or supplement thereto, (iii) of the institution or notice of intended institution filing with the SEC of any action or proceeding for that purposesupplement to the Prospectus, and (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purposea Stop Order. The Company will make every reasonable effort use its best efforts to prevent the issuance of such a stop order any Stop Order and, if such an order shall at and if any time be Stop Order is issued, to obtain the withdrawal lifting thereof as promptly as possible. If the Registration Statement has become or becomes effective under the Securities Act with a form of prospectus omitting information under Rule 430A of Regulation C promulgated under the Securities Act, or filing of the prospectus with the SEC is otherwise required under Rule 424(b) of Regulation C, the Company will file with the SEC the Prospectus, properly completed, pursuant to such rule within the time period prescribed and will provide evidence satisfactory to the Representative of such timely filing.
(b) During the time when a Prospectus relating to the Securities is required to be delivered hereunder or under the acts or regulations promulgated by the SEC, comply with all the requirements imposed upon it by the Securities Act, as now existing and hereafter amended, and by the rules and regulations promulgated thereunder, as from time to time in force, so far as necessary to permit the continuance of the sales of the Securities in accordance with the provisions hereof. If, at any time when a Prospectus relating to the earliest possible momentSecurities is required to be delivered hereunder or under the rules or the regulations promulgated by the SEC, any event shall have occurred as a result of which, in the reasonable opinion of counsel for the Company or counsel for the Representative, the Registration Statement or the prospectus as then amended or supplemented contains any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or if, the in the reasonable opinion of either of such counsel, it is necessary at any time to amend or supplement the Registration Statement or the prospectus to comply with the Securities Act and the rules and regulations promulgated thereunder, the Company will immediately notify the Representative and promptly prepare and file with the SEC an appropriate amendment or supplement (in form and substance satisfactory to the Representative) which will correct such statement or omission of which will effect such compliance and will use its best efforts to have any such amendment declared effective under the Securities Act as soon as possible.
(c) The Company will use its best efforts to register or qualify the sale of the Securities and Warrant Shares in such States as shall be reasonably requested by the Representative.
(id) on or before the Closing Date, The Company will deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, Representative as many copies of the preliminary Prospectus as you the Representative may reasonably request, and (iii) thereafter from time to time request during the period in which a prospectus is required by law to be delivered by following the Underwriter or dealer, likewise send to you as many additional copies filing of the Prospectus Registration Statement and each amendment thereto. The Company will deliver to the Representative as many copies of any supplement to the final Prospectus and each post-effective amendment of any amended Prospectus, filed by the Company with the CommissionRegistration Statement, as you the Representative may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at offering and for ninety (90) days after the time it is delivered to a purchaser of the Notes, the closing date,
(e) The Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain and any untrue statement of a material fact or omit to state appropriate State securities commissioners any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes sales and other reports required by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for of such period.
(e) Prior agencies and will promptly supply copies to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filedRepresentative.
(f) The Company will cooperatenotify the Representative a reasonable amount of time in advance of any additional issuance of shares following a successful closing, when and as requested by you, in for a period of two years following the qualification closing date of the Notes for offer offering, except upon the issuance of shares underlying warrants outstanding on the closing date and sale under shares issued pursuant to any duly adopted directors or employees stock or stock option or equivalent plan, the securities or blue sky laws issuance of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file notify the Representative within five business days following such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notesissuance.
(g) During a period of five years commencing with the date hereofExercise Period, the Company will furnish to you copies of all periodic and special reports furnished to stockholders shall maintain the effectiveness of the Company and of all informationRegistration Statement, documents and reports filed or have a current registration statement on file with Commission.
(h) Not later than the 45th day following SEC covering the end of the fiscal quarter first occurring after the first anniversary of the Effective DateWarrant Shares, so as to permit the Company will make generally available to its security holders an earnings statement in accordance with deliver to each person exercising a Representative Warrant a prospectus meeting the requirements of Section 11(a10(a)(3) of the Securities Act and Rule 158 thereunder.
(i) The otherwise complying therewith, and will deliver such prospectus to each such person. During the Exercise Period, the Company agrees shall also use its best efforts to pay all costs effect and expenses incident to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") maintain appropriate qualifications of the Registration Statement, any Preliminary Prospectus, Warrant Shares under the Prospectus laws and regulations of the Form T-1 filed states and other jurisdictions in which the Warrant Shares are sold by the holders of the Underwriter’s Warrants in order to comply with applicable laws in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent exercise of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder’s Warrants.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare Wachtell, Lipton, Xxxxx & Xxxx, counsel for the Company, shall have furnished to the Dealer Manager, its written opinion, on and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness as of the Registration Statement Commencement Date and again on and as of the Settlement Date, in reliance on Rule 430A form and (ii) not file any amendment substance reasonably satisfactory to the Registration Statement or supplement Dealer Manager, to the Prospectus of which you shall not previously have been advised effect set forth in Annexes A-1 and furnished with a copy or to which you A-2 hereto, respectively. Xxxx X. Xxxxx, Executive Vice President General Counsel and Secretary for the Company, shall have reasonably objected in writing or which is not in compliance with furnished to the Securities Act or the rules Dealer Manager, its negative assurance letter, on and regulations as of the CommissionCommencement Date and again on and as of the Expiration Date, in form and substance reasonably satisfactory to the Dealer manager, to the effect set forth in Annexes B-1 and B-2 hereto, respectively.
(b) The Company will promptly notify the Representatives inform you promptly, and, if requested by you, confirm such information in the event of writing, (i) when the Registration Statement has become effective, (ii) when any amendment to the Registration Statement has been filed or becomes effective, (iii) when any Preliminary Prospectus or supplement to the Prospectus or amendment to the Prospectus or Written Communication has been filed, (iv) when the Schedule TO or any amended Schedule TO has been filed, (v) of any request by the Commission for any amendment of to the Registration Statement Statement, any amendment or for supplement to the Prospectus or any amendment to the Schedule TO or the receipt of any request by the Commission for any additional information, (iivi) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) Statement or preventing or suspending the institution or notice of intended institution use of any action Preliminary Prospectus, the Prospectus or the Schedule TO or the initiation or threatening of any proceeding for that purposepurpose or pursuant to Section 8A of the Securities Act, (ivvii) of the occurrence of any event prior to the Settlement Date as a result of which the Registration Statement, any Preliminary Prospectus, the Prospectus, the Schedule TO or any other Offer Document as then amended or supplemented would include any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances existing when such the Registration Statement, any Preliminary Prospectus, the Prospectus the Schedule TO or any other Offer Document is delivered, not misleading, (viii) of any injunction or litigation or administrative action or claim relating to the Offer and (ix) of the receipt by the Company of any notification notice with respect to the any suspension of the qualification of the Notes Common Stock for sale issuance in any jurisdiction, jurisdiction or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every use its reasonable effort best efforts to prevent the issuance of any such a stop order suspending the effectiveness of the Registration Statement, preventing or suspending the use of any Preliminary Prospectus, the Prospectus or the Schedule TO or suspending any such qualification of the Common Stock and, if any such an order shall at any time be is issued, will use its reasonable best efforts to obtain as soon as possible the withdrawal thereof at the earliest possible momentthereof.
(c) The Company will comply with the Securities Act and the Exchange Act, as applicable, so as to permit the completion of the Offer and the issuance of the Common Stock and the purchase of Notes tendered pursuant thereto, and the consummation of the Restructuring and the other transactions contemplated thereby, as contemplated in the Offer Documents. The Company will notify you immediately, and, if requested by you, confirm such notice in writing, of (i) on the occurrence of any event, or before discovery of any fact, which would reasonably be expected to cause the Closing DateCompany to withdraw, deliver rescind, modify or terminate the Offer or the transactions contemplated thereby or not to you a signed copy of issue the Registration Statement as originally filed and of each amendment thereto filed prior Common Stock or purchase Notes tendered pursuant to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)Offer, (ii) as promptly as possible deliver to youthe occurrence of any event, at such office or offices as you may designatethe discovery of any fact, as many copies the occurrence or existence of which would make any statement in the Offer Documents false or misleading or otherwise require the making of any change in any of the Prospectus as you may reasonably requestOffer Documents then being used, and (iii) thereafter any proposal or requirement to make, amend or supplement any filing required by the Securities Act and Exchange Act, as applicable, or any other applicable law, rule or regulation in connection with the Offer or the transactions contemplated thereby, (iv) the issuance by the Commission or any Other Agency of any formal or informal comment or order or the taking of any other action concerning the Offer or the transactions contemplated thereby (and, if in writing, will furnish you with a copy thereof), (v) any request for information or other action by the Federal Trade Commission or the Antitrust Division of the Department of Justice relating to the Offer or the transactions contemplated thereby, directed to the Company under the Xxxx-Xxxxx-Xxxxxx Antitrust Improvements Act of 1976, as amended, and the rules and regulations promulgated thereunder or by any Other Agency which administers laws, rules or regulations governing antitrust matters or trade practices, (vi) any material adverse developments in connection with the Offer, including, without limitation, the commencement of any litigation or administrative action concerning the Offer or the transactions contemplated thereby, (vii) any filing made by the Company of information relating to the Offer with any securities exchange or any other regulatory body in the United States or any other jurisdiction and (viii) any other information relating to the Offer, the Offer Documents, the Restructuring, this Agreement or the transactions contemplated thereby which you may from time to time during the period in which a prospectus reasonably request. It is required by law understood that you shall be deemed to be delivered by the Underwriter or dealer, likewise send to you as many additional copies have been advised of any of the Prospectus and as many copies foregoing if such occurrence has been made known (whether orally or in writing) to Xxxxxx Xxxxx or any member of any supplement to her team that is at the Prospectus and level of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
Vice President or higher. In such event or if during such time (dA) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur or condition shall exist as a result of which it is necessary, in the opinion of counsel for the Company any Offer Document as then amended or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain would include any untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchasera holder of the Notes, not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose or (B) it is necessary to vary the terms of offering thereof by reason of changes in general market conditions amend or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amendedsupplement any Offer Document to comply with law, the Company will immediately notify you thereof and forthwith prepare and and, subject to Section 4(b) above, file with the Commission a supplement (to the Prospectus extent required) and furnish to you such amendments or an supplements to such Offer Document as may be necessary so that the statements in such Offer Document as so amended Prospectus setting forth such variation. The Company authorizes or supplemented will not, in the Underwriter and all dealers to whom any light of the Notes may be sold by circumstances existing at the Underwriter time delivered to use the Prospectus, as from time to time amended or supplemented, in connection with the sale a holder of the Notes in accordance Notes, be misleading or so that such Offer Document will comply with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such periodlaw.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(fd) The Company will cooperate, when and as requested by you, in use its reasonable best efforts to obtain the registration or qualification of the Notes for offer and sale Common Stock under the all state securities or “blue sky sky” laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required for the consummation of the Offer, and as may be required from FINRA, and to continue such qualifications in effect for so long a period as you may reasonably request required for the offer and distribution of the NotesCommon Stock pursuant to the Offer.
(ge) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the The Company will make generally available to its security holders and you as soon as practicable an earnings earning statement in accordance with that satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 thereunderof the Commission promulgated thereunder covering a period of at least 12 months beginning with the first fiscal quarter of the Company occurring after the “effective date” (as defined in Rule 158) of the Registration Statement.
(f) The Company will not take, directly or indirectly, any action designed to or that would reasonably be expected to cause or result in any stabilization or manipulation of the price of any security of the Company to facilitate the exchange of Notes for Common Stock in connection with the Offer or the resale of the Common Stock.
(g) The Company will use its reasonable best efforts to list, subject to notice of issuance, the Common Stock to be issued pursuant to the Offer on the NYSE.
(h) From the date hereof to and including the Settlement Date, the Company will furnish to you or make available to you, as soon as they are available, copies of all reports or other communications (financial or other) furnished to holders of the Notes, and copies of any reports and financial statements furnished to or filed with the Commission or any national securities exchange or automatic quotation system.
(i) The Company agrees will, pursuant to pay all costs and expenses incident to the performance reasonable procedures developed in good faith, retain copies of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing each Offer Document that is not filed with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's feesCommission.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans None of the Company (or any affiliate of the "Stock Plans"), including Common Stock issued upon the exercise of options granted Company will take any action prohibited under the Stock Plans, all as described through incorporation Exchange Act by reference (i) Regulation M in connection with the Preliminary Prospectus commencement and (c) shares of Common Stock issued on conversion consummation of the Notes. For purposes of this paragraph Offer or (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public ii) Rule 13e-4(f)(6) in reliance on Rule 144A.
(l) The Company is familiar connection with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning consummation of the Investment Company Act of 1940, as amended, and the rules and regulations thereunderOffer.
Appears in 1 contract
Samples: Dealer Manager Agreement (Nci Building Systems Inc)
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) use its best efforts to prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify you, as representatives of the Representatives Underwriters in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort use its best efforts to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible momentas soon as reasonably possible.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith promptly prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith promptly prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may reasonably designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock provided that such period shall not exceed six months.
(g) During a period of five years commencing with the date hereof, the Company will furnish make available to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and or reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") NASD of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing photocopying of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing photocopying memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Chase Securities Inc. on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 180 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, directly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, Stock or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock stock option plans of the Company (herein called the Option Plans) or upon the exercise of warrants, in either case outstanding as of the date hereof, all as described through incorporation by reference in the Preliminary Prospectus Prospectus, (C) grants of options to purchase Common Stock granted under the Option Plans and (cD) shares purchases of Common Stock issued on conversion of under the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common 2000 Employee Stock to the public in reliance on Rule 144A.Purchase Plan.
(l) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Stock has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Prospectus), the Company will, after written notice from you advising the Company to the effect set forth above, promptly consult with its legal counsel and should the Company, in its reasonable discretion, determine that a response to such rumor, publication or event is appropriate, the Company will prepare, consult with you concerning the substance of, and disseminate a press release or other public statement, reasonably satisfactory to you, responding to or commenting on such rumor, publication or event.
(m) The Company is familiar with the Investment Company Act of 1940, as amendednot, and has upon receipt and pending application of the net proceeds from the sale of the Stock to be sold by the Company in the past conducted its affairsmanner described in the Prospectus will not be, and the Company will endeavor in the future to conduct its affairs, affairs in such a manner to ensure that the Company was not and it will not be be, an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Samples: Underwriting Agreement (Speechworks International Inc)
Further Agreements of the Company. The Company covenants and agrees as followswith the several Underwriters:
(a) The Company Company, subject to Section 4(b), shall comply with the requirements of Rule 424(b) and Rule 430B of the Rules and Regulations, and will notify the Representative promptly, and confirm the notice in writing, (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of when any post-effective amendment to the Registration Statement in reliance on Rule 430A or any amendment or supplement to any Preliminary Prospectus, the Pricing Disclosure Package or the Prospectus shall have been filed and when any post-effective amendment to the Registration Statement shall become effective; (ii) not file of the receipt of any comments from the Commission; (iii) of any request by the Commission for any amendment to the Registration Statement or any amendment or supplement to any Preliminary Prospectus, the Prospectus of which you shall not previously have been advised and furnished with a copy Pricing Disclosure Package or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, ; (iiiv) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution Statement or notice of intended institution any post-effective amendment or of any action order preventing or proceeding for that purpose, (iv) suspending the receipt by the Company use of any notification with respect to Preliminary Prospectus, the Pricing Disclosure Package or the Prospectus, or of the suspension of the qualification of the Notes Offered Securities for offering or sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceedings for any of such purposes or of any examination pursuant to Section 8(d) or 8(e) of the Securities Act concerning the Registration Statement; and (v) if the Company becomes the subject of a proceeding for such purposeunder Section 8A of the Securities Act in connection with the Offering of the Offered Securities. The Company shall effect all filings required under Rule 424(b) of the Rules and Regulations, in the manner and within the time period required by Rule 424(b) (without reliance on Rule 424(b)(8)), and shall take such steps as it deems necessary to ascertain promptly whether the form of prospectus transmitted for filing under Rule 424(b) was received for filing by the Commission and, in the event that it was not, it will make every reasonable effort promptly file such prospectus. The Company shall use its best efforts to prevent the issuance of such a any stop order order, prevention or suspension and, if any such an order shall at any time be is issued, to obtain the withdrawal lifting thereof at the earliest possible moment.
(cb) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company shall comply with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) , the Rules and Regulations, the Exchange Act and the Exchange Act Regulations so as to permit the completion of the distribution of the Offered Securities as contemplated in this Agreement and in the Registration Statement, the Pricing Disclosure Package and the Prospectus. If at any time during the period in which when a prospectus relating to the Offered Securities is (or, but for the exception afforded by Rule 172 of the Rules and Regulations (“Rule 172”), would be) required by law the Securities Act to be delivered by in connection with sales of the Underwriter or dealer Offered Securities, any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur or condition shall exist as a result of which it is necessary, in the opinion of Representative Counsel or counsel for the Company or of counsel for the UnderwriterCompany, to supplement or (i) amend the Registration Statement in order that the Registration Statement will not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading; (ii) amend or supplement the Pricing Disclosure Package or the Prospectus in order that the Pricing Disclosure Package or the Prospectus, as the case may be, will not include any untrue statement of a material fact or omit to state a material fact necessary in order to make the Prospectus statements therein not misleading in the light of the circumstances existing at the time it is delivered to a purchaser or (iii) amend the Registration Statement or amend or supplement the Pricing Disclosure Package or the Prospectus, as the case may be, in order to comply with the requirements of the NotesSecurities Act or the Rules and Regulations, the Company will forthwith promptly (A) give the Representative notice of such event; (B) prepare any amendment or supplement as may be necessary to correct such statement or omission or to make the Registration Statement, the Pricing Disclosure Package or the Prospectus comply with such requirements and, a reasonable amount of time prior to any proposed filing or use, furnish the Representative with copies of any such amendment or supplement and (C) file with the Commission a supplement to the Prospectus any such amendment or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements thereinsupplement; provided, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVERhowever, that the Company shall not be obligated file or use any such amendment or supplement to file any general consent to service of process which the Representative or to qualify as a foreign corporation in any jurisdiction in which it is not so qualifiedRepresentative Counsel shall reasonably object. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter Underwriters such number of copies of such amendment or supplement as the Underwriters may reasonably request. The Company has given the Representative notice of any Preliminary Prospectus and filings made pursuant to the Exchange Act or the Exchange Act Regulations within 48 hours prior to the Applicable Time. The Company shall give the Representative notice of its intention to make any such filing from the Applicable Time until the later of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 Closing Date and the T-1, (v) the furnishing to you exercise in full or expiration of the reports over-allotment option specified in Section 3(c) hereof and information referred to in paragraph (g) of this Section 6 and (vi) will furnish the printing and issuance Representative with copies of the Indenture and the note certificates, including the transfer agent's fees.
(jrelated document(s) The Company agrees a reasonable amount of time prior to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940proposed filing, as amended, and has in the past conducted its affairscase may be, and will in not file or use any such document to which the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" Representative or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunderRepresentative Counsel shall reasonably object.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees --------------------------------- as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, jurisdiction or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, cooperate in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings earning statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and 6, (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's feesfees and (vii) all fees and disbursements incurred by the Underwriters in connection with the Directed Share Program, including counsel fees and any stamp duties or other taxes incurred by the Underwriters in connection with the Directed Share Program.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD; provided, however, -------- ------- counsel fees with respect to the review by the NASD shall not exceed $15,000.
(k) The Company hereby agrees that, without the prior written consent of Chase Securities Inc. on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 180 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, directly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, Stock or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the stock option or stock purchase plans of the Company granted prior to the date of this Agreement (the "Option Plans") or upon the exercise of warrants outstanding as of the date hereof in the Prospectus, (C) options to purchase Common Stock granted under the Option Plans, all as described through incorporation by reference in the Preliminary Prospectus and provided that, without prior written consent of Chase Securities Inc., such additional options shall not be exercisable during such period, (cD) any shares of Common Stock or other rights to acquire shares of Common Stock issued on conversion pursuant to equipment or lease financing activities entered into in the ordinary course of the Notes. For purposes Company's business or (E) any securities issued in connection with any strategic alliance, collaboration, license, acquisition, marketing agreement, distribution agreement, advertising arrangement, promotional arrangement or similar agreement, arrangement or transaction, provided that the total amount of this paragraph securities issued pursuant to subsections (kD) and (E), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell would not exceed 2 million shares of Common Stock of the Company or securities exchangeable or convertible into shares of Common Stock of the Company and provided further that securities may only be issued pursuant to subsections (D) and (E) to the public in reliance extent the recipient of such securities agrees to the same transfer restrictions imposed on Rule 144A.the Company by the Underwriters under this section 6(k).
(l) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Stock has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Prospectus), the Company will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and disseminate a press release or other public statement, reasonably satisfactory to you, responding to or commenting on such rumor, publication or event.
(m) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate reasonably request and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five three years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commissionthe Commission (including the Report on Form SR required by Rule 463 of the Commission under the Securities Act).
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Chase Securities, Inc. on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 90 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, directly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, Stock or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock stock option plans of the Company (the "Option Plans") or upon the exercise of warrants outstanding as of the date hereof, all as described through incorporation by reference under the caption "Capitalization" in the Preliminary Prospectus Prospectus, and (cC) shares the granting of options to purchase Common Stock issued on conversion of under the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.Option Plans.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A 430A, and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance in all material respects with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it the Company of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.. The copies of the Registration Statement, any Preliminary Prospectus or Prospectus and each amendment or supplement thereto furnished to the Underwriters will be identical to the electronically transmitted copies thereof filed with the Commission pursuant to EDGAX, xxcept to the extent permitted by Regulation S-T.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commissionthe Commission (including any Report on Form SR required by Rule 463 of the Commission under the Securities Act).
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders securityholders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder, and covering a twelve-month period beginning after the effective date of the Registration Statement, and will advise you in writing when such statement has been made available.
(i) The Company agrees to pay all costs and expenses incident to the performance of its their obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. (the "NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and 6, (vi) the listing of the Stock on the Nasdaq National Market, (vii) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's feesfees and (viii) all other fees and expenses incident to their performance hereunder not otherwise specifically provided in this Agreement.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in for filing fees incident to the review of the offering by the NASD.
(k) The provisions of paragraphs (i) and (j) of this Section are intended to relieve the Underwriters from the payment of the expenses and costs which the Company hereby agrees to pay and shall not affect any agreement which the Company may make, or may have made, for sharing any such expenses or costs.
(l) The Company hereby agrees that, without the prior written consent of Hambxxxxx & Xuisx XXX on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 180 days following the period ending ninety (90) days after the effective date of the final Prospectus for the public offeringRegistration Statement, (1i) sell, offer, pledge, sell, contract to sell, sell make any option or contract to purchaseshort sale, purchase any option or contract to sellpledge, transfer, grant any option, right or warrant option to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock (including any stock appreciation right or similar right with an exercise or conversion privilege at a price related to, or derived from the market price of the Common Stock) or any securities convertible into or exchangeable or exercisable for shares of Common Stock owned directly by the undersigned or exchangeable for with respect to which the undersigned has the power of disposition (including, without limitation, shares of Common StockStock which the undersigned may be deemed to beneficially own in accordance with the rules and regulations promulgated under the Exchange Act), (ii) file a registration statement covering any of its shares of capital stock, or (2iii) enter into engage in any swap or similar agreement hedging transaction with respect to any shares of Common Stock that transfers, in whole or in part, may have an impact on the economic risk market price of ownership of the Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock stock option plans of the Company (the "Option Plans"), all as described through incorporation by reference in footnote 1 to the table under the caption "Capitalization" in the Preliminary Prospectus Prospectus, and (cC) shares of options to purchase Common Stock issued on conversion granted under the Option Plans.
(m) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your reasonable opinion the market price for the Stock has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Notes. For purposes of this paragraph (kProspectus), the Company will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and disseminate a sale, offer, press release or other disposition shall be deemed public statement, reasonably satisfactory to include any sale you, responding to an institution which canor commenting on such rumor, following such sale, sell Common Stock to the public in reliance on Rule 144A.publication or event.
(ln) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, affairs in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives you in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, you at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriteryour counsel, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.untrue
Appears in 1 contract
Samples: Underwriting Agreement (Beach First National Bancshares Inc)
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.office
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Hambxxxxx & Xuisx XXX on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 90 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, directly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, Stock or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock stock option plans of the Company (the "Option Plans"), all as described through incorporation by reference in the Preliminary Prospectus Prospectus, and (cC) shares of options and purchase rights to purchase Common Stock issued on conversion of granted under the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunderOption Plans.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing writing, [unless the Company is otherwise advised by counsel that the Company is legally required to file such amendment or supplement] or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified, or take any other action that would subject it to general service of process or to taxation in respect of doing business. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("the NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (viv) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (viv) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review filing fee of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Xxxxxxxxx & Xxxxx LLC on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 180 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, directly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant option to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plansstock option plan of the Company (the Option Plan) or upon the exercise of warrants outstanding as of the date hereof, all as described through incorporation by reference in the footnote to the table under the caption "Capitalization" in the Preliminary Prospectus Prospectus, (C) options to purchase Common Stock granted under the Option Plan, and (cD) shares of Common Stock issued on conversion by the Company in connection with certain affiliation transactions, provided that any such transferee agrees to be bound by the terms of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public lock-up agreement described in reliance on Rule 144A.Section 9(j) herein.
(l) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Stock has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Prospectus), the Company will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and disseminate a press release or other public statement, reasonably satisfactory to you, responding to or commenting on such rumor, publication or event.
(m) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Samples: Underwriting Agreement (BMJ Medical Management Inc)
Further Agreements of the Company. The Company covenants and agrees with the several Underwriters as follows:
(a) The Company will (i) prepare and timely file not, either prior to the Effective Date or thereafter during such period as the Prospectus is required by law to be delivered in connection with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness sales of the Registration Statement in reliance on Rule 430A and (ii) not Shares by an Underwriter or dealer, file any amendment or supplement to the Registration Statement or supplement the Prospectus, unless a copy thereof shall first have been submitted to the Prospectus Representatives within a reasonable period of which you time prior to the filing thereof and the Representatives shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected thereto in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commissiongood faith.
(b) The Company will promptly use its best efforts to cause the Registration Statement to become effective, and will notify the Representatives promptly, and will confirm such advice in writing, (1) when the event Registration Statement has become effective and when any post- effective amendment thereto becomes effective, (2) of (i) the any request by the Commission for amendment of amendments or supplements to the Registration Statement or for supplement to the Prospectus or for any additional information, (ii3) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration StatementStatement or the initiation of any proceedings for that purpose or the threat thereof, (iii4) of the institution or notice of intended institution happening of any action or proceeding for event during the period mentioned in the second sentence of Section 5(e) that purpose, (iv) in the receipt by judgment of the Company of makes any notification with respect to the suspension of the qualification of the Notes for sale statement made in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and or the Prospectus untrue or that requires the making of each amendment thereto filed prior to the time any changes in the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in light of the circumstances in which they are made, not misleading and (5) of receipt by the Company or any representative or attorney of the Company of any other communication from the Commission relating to the Registration Statement, any Preliminary Prospectus or the Prospectus or, if within nine months of the Effective Date, relating to the Company. If at any time the Commission shall issue any order suspending the effectiveness of the Registration Statement, the Company will make every reasonable effort to obtain the withdrawal of such order at the earliest possible moment. If the Company has omitted any information from the Registration Statement pursuant to Rule 430A of the Rules and Regulations, the Company will use its best efforts to comply with the provisions of and make all requisite filings with the Commission pursuant to said Rule 430A and to notify the Representatives promptly of all such filings.
(c) The Company will furnish to each of the Representatives, without charge, two (2) signed copies of the Registration Statement and of any post-effective amendment thereto and all exhibits thereto and will furnish to the Representatives, without charge, for transmittal to each of the other Underwriters, a copy of the Registration Statement and any post-effective amendment thereto, including financial statements and schedules but without exhibits.
(d) The Company will comply with all the provisions of any undertakings contained in the Registration Statement.
(e) On the Effective Date, and thereafter from time to time, the Company will deliver to each of the Underwriters, without charge, as many copies of the Prospectus or any amendment or supplement thereto as the Representatives may reasonably request. The Company consents to the use of the Prospectus or any amendment or supplement thereto by the several Underwriters and by all dealers to whom the Shares may be sold, both in connection with the offering or sale of the Shares and for any period of time thereafter during which the Prospectus is required by law to be delivered in connection therewith. If during such period of time any event shall occur which, in the judgment of the Company or counsel to the Underwriters, should be set forth in the Prospectus in order to make any statement therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaserunder which it was made, not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose or if it is necessary to vary the terms of offering thereof by reason of changes in general market conditions supplement or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that amend the Prospectus be supplemented or amendedto comply with law, the Company will forthwith prepare and duly file with the Commission a an appropriate supplement or amendment thereto, and will deliver to each of the Underwriters, without charge, such number of copies of such supplement or amendment to the Prospectus as the Representatives may reasonably request. Neither your consent to, nor the Underwriters' delivery of, any such supplement or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom amendment shall constitute a waiver of any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, conditions set forth in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filedSection 7.
(f) The Prior to any public offering of the Shares, the Company will cooperate, when cooperate with the Representatives and as requested by you, counsel to the Underwriters in connection with the registration or qualification of the Notes Shares for offer and sale under the securities or blue sky Blue Sky laws of such jurisdictions as you the Representatives may designate and, during the period reasonably request; provided that in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that no event shall the Company shall not be obligated to file qualify to do business in any jurisdiction where it is not now so qualified or to take any action which would subject it to general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which where it is not now so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notessubject.
(g) The Company will furnish to its stockholders as soon as practicable after the end of each fiscal year an annual report (including a balance sheet and statements of income, shareholders' equity and cash flow of the Company and its consolidated subsidiaries, if any, audited by the Company's independent public accounts) so long as the Company is subject to the reporting requirements of the Exchange Act.
(h) During a the period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of on the Effective Date, the Company will make furnish to the Representatives and each other Underwriter who may so request copies of such financial statements and other periodic and special reports as the Company may from time to time distribute generally available to the holders of any class of its security holders an earnings statement in accordance capital stock, and will furnish to the Representatives and each other Underwriter who may so request a copy of each annual or other report it shall be required to file with Section 11(a) of the Securities Act and Rule 158 thereunderCommission.
(i) The Company agrees will make generally available to pay holders of its securities as soon as may be practicable but in no event later than the last day of the fifteenth (15th) calendar month following the calendar quarter in which the Effective Date falls, an earnings statement (which need not be audited but shall be in reasonable detail) for a period of twelve (12) months after the Effective Date, and satisfying the provisions of Section 11(a) of the Act (including Rule 158 of the Rules and Regulations).
(j) Whether or not the transactions contemplated by this Agreement are consummated or this Agreement is terminated, the Company will pay, or reimburse if paid by the Representatives, all costs and expenses incident to the performance of its the obligations of the Company under this Agreement and the IndentureAgreement, including all but not limited to costs and expenses incident
of or relating to (i1) the preparation, printing and filing of the Registration Statement and exhibits to it, each Preliminary Prospectus, Prospectus and any amendment or supplement to the Registration Statement or prospectus, (2) the preparation and delivery of certificates representing the Shares, (3) the printing of this Agreement, the Agreement Among Underwriters, any Dealer Agreements, any Underwriters' Questionnaires, (4) furnishing (including costs of shipping and mailing) such copies of the Registration Statement, the Prospectus and any Preliminary Prospectus, and all amendments and supplements thereto, as may be requested for use in connection with the Commission offering and sale of the Shares by the Underwriters or by dealers to whom Shares may be sold, (5) the listing of the Shares on the Nasdaq National Market system, (6) any filings required to be made by the Underwriters with the National Association of Securities Dealers, Inc. ("NASD"), and the fees and expenses of counsel for the Underwriters in connection therewith, (7) the registration or qualification of the Registration Statement, any Preliminary Prospectus, Shares for offer and sale under the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"securities laws or Blue Sky laws of such jurisdictions designated pursuant to Section 5(f), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
reasonable fees and expenses of counsel to the Underwriters in connection therewith, and the preparation and printing of preliminary, supplemental and final Blue Sky memoranda, (j) The 8) fees and expenses of counsel to the Company agrees to reimburse you, (but not those of counsel for the account of Underwriters, except as otherwise provided herein) and (9) the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda transfer agent for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASDShares.
(k) The If this Agreement shall be terminated by the Company hereby agrees that, without the prior written consent pursuant to any of the Underwriter, it will not, during the period ending ninety provisions hereof (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract otherwise than pursuant to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1Section 9 hereof) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.if for any
Appears in 1 contract
Samples: Underwriting Agreement (Cohr Inc)
Further Agreements of the Company. (a) The Company covenants and agrees as follows:
(a) The Company that it will pay or cause to be paid (i) prepare and timely file all of the Placement Agent's pre-approved expenses associated with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time soliciting and obtaining of effectiveness purchasers of the Registration Statement Securities including travel expenses in reliance on Rule 430A and connection with investor presentations, estimated by the parties not to exceed $25,000; (ii) not file any amendment all expenses and fees in connection with the preparation, printing, filing, delivery and shipping of the Offering Memorandum (and all other exhibits to the Registration Statement Offering Memorandum and any amendments or supplement to supplements thereto, but not including the Prospectus preparation or negotiation of which you shall not previously have been advised this Agreement); (iii) filing fees required in connection for offering and furnished with a copy sale by the Placement Agent under the securities or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations Blue Sky laws of the Commissionstates and other jurisdictions where necessary; and (iv) all reasonable fees and expenses of Placement Agent's counsel for its review of the Offering Memorandum and work related thereto, not to exceed $15,000 without prior approval by the Company.
(b) If at any time when an Offering Memorandum relating to the Securities is required to be delivered under the Act, any event will have occurred as a result of which, in the opinion of counsel for the Company or the Placement Agent, the Offering Memorandum includes an untrue statement of a material fact or omits to state a 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, or if it is necessary at any time to amend the Offering Memorandum to comply with the Act, the Company promptly will prepare an appropriate supplement or amendment thereto, and will deliver to the Placement Agent such number of copies thereof as the Placement Agent may reasonably request.
(c) To the extent required under the Act and applicable state Blue Sky laws:
(i) The Company shall exercise reasonable care to assure the Subscribers are not underwriters within the meaning of Section 2(11) of the Act, shall take all actions required by state securities laws, and setting forth or referring to the restrictions on transferability and sale of the Securities.
(ii) The Company will promptly notify the Representatives in the event of duly and timely file (i) with the request Commission all required reports, with respect to the sale of the Securities and (ii) all reports required to be filed under applicable state securities laws and regulations and by the Commission for amendment regulatory agencies charged with enforcement thereof.
(d) The Company shall make available to each offeree and any individual advising such offeree the opportunity to ask questions and receive answers concerning the Company and the terms and conditions of the Registration Statement or for supplement Offering, and to the Prospectus or for obtain any additional information, to the extent that such information is in the possession of the Company or can be acquired by any of it without unreasonable effort or expense, necessary to verify the accuracy of the information contained in the Offering Memorandum.
(iie) The Company will notify the Placement Agent immediately upon receipt thereof and confirm the notice in writing of the issuance by the Commission or any state securities administrator of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Securities for sale in any jurisdiction, or (v) enjoining the receipt by it sale of notice the Securities or of the initiation or threatening of any proceeding for such that purpose. The Company will make every reasonable effort to prevent the issuance of such a any stop order and, if such an any stop order shall at any time be issued, to obtain the withdrawal thereof lifting of the stop order at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filedtime.
(f) The Company, at Company will cooperateexpense, when and shall establish an escrow account which fulfills Agent's obligations as requested by you, in the qualification promulgated under Rule 15(c)2-4 of the Notes for offer and sale under the securities or blue sky laws Securities Exchange Act of such jurisdictions 1934, as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualifiedamended. The Company will from time to time, prepare and file such statements, reports, and other documents as are or Such escrow account may be required to continue established at a mutually acceptable national bank or as such qualifications in effect for so long a period other place as you may reasonably request for distribution of the Notesbe agreed upon.
(g) During a period of five years commencing with The Company agrees to furnish, at Company's sole expense, to Placement Agent throughout the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders life of the Company and of all information, documents and reports filed with Commission.
(h) Not later than Placement Agent Warrants the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.documentation:
(i) The Company agrees to pay all costs filings with state and expenses incident to the performance of its obligations under this Agreement and the Indenturefederal securities regulatory bodies, including without limitation all costs and expenses incident
(i) the preparation, printing and filing documents filed with the Commission and the National Association of Securities Dealers, Inc. ("NASD") any office of the Registration StatementUnited States Securities and Exchange Commission, any Preliminary Prospectusexchange upon which the Company's securities are listed in any state and copies of all other documents, reports and information furnished by the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), Company to its shareholders; and
(ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and monthly transfer sheets. The furnishing of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the such reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all characterized as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunderadditional compensation.
Appears in 1 contract
Samples: Placement Agent Agreement (Rush Financial Technologies Inc)
Further Agreements of the Company. The Company covenants and agrees as followsagrees:
(a) The Company will to advise the Initial Purchasers promptly and, if requested by the Initial Purchasers, to confirm such advice in writing, (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission any state securities commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution qualification or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the exemption from qualification of the Notes for offering or sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent purpose by the issuance of such a stop order and, if such an order shall at Commission or any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on state securities commission or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed other regulatory authority and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies for a period of 90 days from the issue date of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies Notes of the Prospectus and as many copies happening of any supplement to the Prospectus and of event that makes any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact made in the Offering Circular untrue or omit which requires the making of any additions to state any material fact necessary or changes in the Offering Circular in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaserunder which they were made, not misleading. If, after The Company shall use its reasonable best efforts to prevent the public offering issuance of any stop order or order suspending the qualification or exemption of the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions under any state securities or otherwise, you will advise the Company in writing of the proposed variation, Blue Sky laws and, if at any time any state securities commission shall issue any stop order suspending the qualification or exemption of the Notes under any state securities or Blue Sky laws, the Company shall use its reasonable best efforts to obtain the withdrawal or lifting of such order at the earliest possible time;
(b) to furnish to each Initial Purchaser, as many copies of the Preliminary Offering Circular and the Offering Circular, and any amendments or supplements thereto, as any such Initial Purchaser may reasonably request. The Company consents to the use of the Preliminary Offering Circular and the Offering Circular, and any amendments and supplements thereto required pursuant to this Agreement, by the Initial Purchasers in connection with the Exempt Resales that are in compliance with this Agreement;
(c) not to amend or supplement the Offering Circular prior to the Closing Date or during the period referred to in Section 5(d) below unless the Initial Purchasers shall previously have been advised of, and shall not have reasonably objected to, such amendment or supplement within a reasonable time, but in any event not longer than three business days after being furnished a copy of such amendment or supplement, unless the Company shall reasonably conclude, upon the advice of their counsel, that any such amendment or supplement must be made prior to obtaining such consent. The Company shall promptly prepare, upon any reasonable request by the Representatives, any amendment or supplement to the Offering Circular that may be necessary or advisable in connection with Exempt Resales;
(d) if, in connection with any Exempt Resales after the date of this Agreement and prior to the consummation of the Exchange Offer, any event shall occur that, in the opinion either judgment of counsel for the Company or in the judgment of counsel for to the Underwriter such proposed variation Initial Purchasers (which judgment is promptly relayed to the Company), makes any statement of a material fact in the Offering Circular untrue or that requires the making of any additions to or changes in the Offering Circular in order to make the statements in the Offering Circular, in the light of the circumstances under which they were made, not be misleading at the time that the Prospectus be supplemented Offering Circular is delivered to prospective Eligible Purchasers, or amendedif it is necessary to amend or supplement the Offering Circular to comply with applicable law, to promptly notify the Company will forthwith Initial Purchasers of such event and prepare and file with the Commission a an appropriate amendment or supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes Offering Circular so that, at the Underwriter and all dealers time that the Offering Circular is delivered to whom any of prospective Eligible Purchasers, (i) the Notes may be sold by statements in the Underwriter to use the Prospectus, Offering Circular as from time to time amended or supplemented, in connection the light of the circumstances under which they were made, will not be misleading and (ii) the Offering Circular will comply with applicable law;
(e) except as contemplated in the Registration Rights Agreement, not to sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any security (as defined in the Securities Act) that would be integrated with the sale of the Notes in accordance with a manner that would require the applicable provisions of registration under the Securities Act and of the applicable rules and regulations thereunder for such period.
(e) Prior sale to the filing thereof with Initial Purchasers or the Commission, Eligible Purchasers of the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.Notes;
(f) The during any period in which the Company will cooperateis not subject to Section 13 or 15(d) of the Exchange Act and the Notes are outstanding and are "restricted securities" within the meaning of Rule 144(a)(3) under the Securities Act, when to make available to any registered holder or beneficial owner of Notes in connection with any sale thereof and as requested any prospective purchaser of Notes from such registered holder or beneficial owner, the information required by youRule 144A(d)(4) under the Securities Act;
(g) to obtain the approval of DTC for "book-entry" transfer of the Notes, and to comply with all of its agreements set forth in the qualification representation letter of the Company to DTC relating to the approval of the Notes by DTC for offer and "book-entry" transfer;
(h) to apply the net proceeds from the sale of the Notes as set forth in the Offering Circular under the securities or blue sky laws caption "Use of Proceeds";
(i) for a period of two years, to take such jurisdictions steps as you may designate and, during the period in which a prospectus is required by law shall be necessary to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, ensure that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by become an "investment company" within the meaning of such term under the Investment Company Act of 1940, as amended, and the rules and regulations of the Commission thereunder;
(j) for a period of two years following the Effective Date, to furnish to the Initial Purchasers copies of the Company's annual report to shareholders for such year, each report and any definitive proxy statement of the Company filed with the Commission under the Exchange Act or mailed to shareholders; provided, however, that the Company shall not be required to provide the Initial Purchasers with any such reports or similar forms that have been filed with the Commission by electronic submission pursuant to XXXXX;
(k) promptly from time to time to take such action as the Representatives may reasonably request to qualify the Notes for offering and sale under the securities laws of such jurisdictions as the Representatives may request and to comply with such laws so as to permit the continuance of sales and dealings therein in such jurisdictions for as long as may be necessary to complete the distribution of the Notes; provided that in connection therewith the Company shall not be required to qualify as a foreign corporation or to file a general consent to service of process or subject itself to taxation in any jurisdiction; and
(l) to use all commercially reasonable efforts to do and perform all things required to be done and performed under this Agreement by it prior to or after the Closing Date and to satisfy all conditions precedent on its part to the delivery of the Notes.
Appears in 1 contract
Samples: Purchase Agreement (Weatherford International Inc /New/)
Further Agreements of the Company. The Company covenants agrees, at its expense and agrees without expense to the Underwriter, as follows:
1. To make available, and to continue to make available, and supply such financial statements and other information to and as may be required by the Commission or the proper public bodies in the states in which the Interests may be registered for sale.
2. As soon as the Company is informed thereof, to orally advise the Underwriter as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of when the Registration Statement in reliance on Rule 430A and becomes effective;
(iib) not file when any post-effective amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.becomes effective;
(bc) The Company will promptly notify the Representatives in the event of (i) the any request by of the Commission for amendment of amendments to the Registration Statement or for supplement to the related Prospectus or for any additional information, ;
(iid) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) Statement or of the institution or notice of intended institution initiation of any action or proceeding proceedings for that purpose, ; and
(ive) the receipt by of any material adverse change in its financial position or operating condition and of any development materially affecting the Company of or rendering untrue or misleading any notification with respect to material statement in the suspension of the qualification of the Notes for sale in any jurisdiction, Registration Statement or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purposeProspectus.
3. The Company will To make every reasonable effort to prevent the issuance of such a any stop order suspending the effectiveness of the Registration Statement, and, if such an stop order shall is entered at any time be issuedtime, the Company shall use its best efforts to obtain withdrawal of the withdrawal thereof same at the earliest possible moment.
4. To make available to the Underwriter (a) prior to the Effective Date, copies of such preliminary Prospectus filed with the Commission bearing in red ink the statement required by the rules of the commission, (b) on and from time to time after the Effective Date, copies of the Prospectus and, if applicable, of any amended or supplemented Prospectus; and (c) The Company as soon as they are available and from time to time thereafter, copies of each Prospectus prepared for the purpose of permitting compliance with Section 10 of the Act and, if applicable, of any amended or supplemented Prospectus; and the number of copies to be delivered in each such case will (i) on or before be such as the Closing DateUnderwriter may reasonably request.
5. To make available for your inspection, deliver to you a signed one executed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective andStatement, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, including all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of and amendments thereto.
6. For the period after the Effective Date during which the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealerused, likewise send to you as many additional copies of the Prospectus and as many copies of if any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company change shall be advised in writing by you, shall occur have occurred as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or includes an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit omits to state any a material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaserunder which they are made, not misleading. If, after the public offering of the Notes by forthwith to prepare and make available to the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus supplements or an amended Prospectus setting forth such variationcorrecting the untrue statements or supplying the omission.
7. The Company authorizes In the Underwriter and all dealers to whom any event that revisions of the Notes may be sold by the Underwriter to use the Prospectus, as from time pursuant to time amended or supplemented, in connection with the sale provisions of Section 10 of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior Act, shall become necessary to the filing Prospectus, to file copies thereof with the Commission, and to make available copies of the Company will submit to youamended, for your information, a copy of any post-effective amendment supplemented or revised Prospectus to the Underwriter.
8. To use its best efforts in causing the Interests covered by this Agreement to be registered for sale on terms consistent with those stated in the effective Registration Statement and any supplement to under the Prospectus or any amended Prospectus proposed to so-called Blue Sky Laws in such states as may be filedagreed upon.
(f) The Company will cooperate9. If applicable, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available issue to its security holders Holders financial statements prepared by an earnings statement in accordance with Section 11(a) of independent certified public accountant and to make the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing same available to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's feesat least annually.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Samples: Underwriting Agreement (Charthouse Suites Vacation Ownership Inc)
Further Agreements of the Company. The Company covenants and agrees as followswith the several Underwriters that:
(a) The Company will (i) prepare use its best efforts to cause the Registration Statement and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted any amendment thereof, if not effective at the time and date that this Agreement is executed and delivered by the parties hereto, to become effective as promptly as possible; the Company will use its best efforts to cause any abbreviated registration statement pursuant to Rule 462(b) of effectiveness of the Rules and Regulations as may be required subsequent to the date the Registration Statement in reliance on Rule 430A and (ii) not file is declared effective to become effective as promptly as possible; the Company will notify you, promptly after it shall receive notice thereof, of the time when the Registration Statement, any subsequent amendment to the Registration Statement or any abbreviated registration statement has become effective or any supplement to the Prospectus of which you shall not previously have has been advised and furnished with a copy or to which you shall have reasonably objected filed; if the Company omitted information from the Registration Statement at the time it was originally declared effective in writing or which is not in compliance with the Securities Act or the rules and regulations reliance upon Rule 430A(a) of the Commission.Rules and Regulations, the Company will provide evidence satisfactory to you that the Prospectus contains such information and has been filed, within the time period prescribed,
(b) The Company will advise you, promptly notify the Representatives in the event of (i) the request by the Commission for amendment after it shall receive notice or obtain knowledge, of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order by the Commission suspending the effectiveness of the Registration Statement, (iii) Statement or of the institution initiation or notice of intended institution threat of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes for sale in any jurisdiction, or (v) the receipt by ; and it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort promptly use its best efforts to prevent the issuance of such a any stop order and, if such an order shall at any time be issued, or to obtain the its withdrawal thereof at the earliest possible momentmoment if such stop order should be issued.
(c) The Company will (i) on or before use its best efforts to qualify the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request Shares for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may reasonably designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request be required for purposes of the distribution of the Notes.
(g) During Shares, except that the Company shall not be required in connection therewith or as a period condition thereof to qualify as a foreign corporation or to execute a general consent to service of five years commencing with process in any jurisdiction in which it is not otherwise required to be so qualified or to so execute a general consent to service of process. In each jurisdiction in which the date hereofShares shall have been qualified as above provided, the Company will furnish to you copies of all periodic make and special reports furnished to stockholders of the Company and of all information, documents file such statements and reports filed with Commissionin each year as are or may be reasonably required by the laws of such jurisdiction.
(hd) Not The Company will furnish to you, as soon as available, and, in the case of the Prospectus and any term sheet or abbreviated term sheet under Rule 434, in no event later than the 45th first (1st) full business day following the first day that Shares are traded, copies of the Registration Statement (three of which will be signed and which will include all exhibits), each Preliminary Prospectus, the Prospectus and any amendments or supplements to such documents, including any prospectus prepared to permit compliance
(e) The Company will make generally available to its securityholders as soon as practicable, but in any event not later than the forty-fifth (45th) day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Dateeffective date of the Registration Statement, the Company will make generally available to its security holders an earnings statement (which will be in accordance reasonable detail but need not be audited) complying with the provisions of Section 11(a) of the Securities Act and Rule 158 thereundercovering a twelve (12) month period beginning after the effective date of the Registration Statement.
(if) The During a period of five (5) years after the date hereof, the Company agrees will furnish to pay all costs its shareholders as soon as practicable after the end of each respective period, annual reports (including financial statements audited by independent certified public accountants) and expenses incident unaudited quarterly reports of operations for each of the first three quarters of the fiscal year, and will furnish to the performance of its obligations under this Agreement you and the Indentureother several Underwriters hereunder, including all costs and expenses incident
upon request (i) concurrently with furnishing such report to its shareholders, statements of operations of the preparationCompany for each of the first three (3) quarters in the form furnished to the Company's shareholders, printing (ii) concurrently with furnishing to its shareholders, a balance sheet of the Company as of the end of such fiscal year, together with statements of operations, of shareholders' equity, and filing of cash flows of the Company for such fiscal year, accompanied by a copy of the certificate or report thereon of independent certified public accountants, (iii) as soon as they are available, copies of all reports (financial or other) mailed to shareholders, (iv) as soon as they are available, copies of all reports and financial statements furnished to or filed with the Commission and Commission, any securities exchange or the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you every material press release and every material news item or article in respect of the reports and information referred Company or its affairs which was generally released to in paragraph (g) shareholders or prepared by the Company or any of this Section 6 its subsidiaries, and (vi) any additional information of a public nature concerning the printing and issuance Company or its subsidiaries, or its business which you may reasonably request. During such five (5) year period, if the Company shall have active subsidiaries, the foregoing financial statements shall be on a consolidated basis to the extent that the accounts of the Indenture Company and its subsidiaries are consolidated, and shall be accompanied by similar financial statements for any significant subsidiary which is not so consolidated.
(g) The Company will apply the note certificatesnet proceeds from the sale of the Shares being sold by it in the manner set forth under the caption "Use of Proceeds" in the Prospectus.
(h) The Company will maintain a transfer agent and, including if necessary under the jurisdiction of incorporation of the Company, a registrar (which may be the same entity as the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) to the extent necessary, prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.. The Registration Statement, the Prospectus and any amendments or supplements thereto furnished to you will be identical to the electronically transmitted copies thereof filed with the Commission pursuant to EDGAX, xxcept to the extent permitted by Regulation S-T.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports reports, documents or statements furnished to stockholders of the Company and of all information, documents and reports or filed with Commission.the Commission (including the Report on Form SR required by Rule 463 of the Commission under the Securities Act). If applicable, any such document furnished to you will be identical to the electronically transmitted copy thereof filed with the Commission pursuant to EDGAX, xxcept to the extent permitted by Regulation S-T.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders stockholders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its the obligations of the Company under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing photocopying of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Hambxxxxx & Xuisx XXX on behalf of the UnderwriterUnderwriters, it the Company will not, during the for a period ending ninety (90) of 180 days after following the date of the final Prospectus for the public offeringProspectus, (1i) sell, offer, pledge, sell, contract to sell, sell make any option or contract to purchaseshort sale, purchase any option or contract to sellpledge, grant any option, right or warrant to purchase, transfer or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock (including any stock appreciation right or similar right with an exercise or conversion privilege at a price related to, or derived from, the market price of the Common Stock) or any securities convertible into or exchangeable or exercisable or exchangeable for shares of Common Stock, or (2ii) enter into engage in any swap or similar agreement hedging transaction with respect to any shares of Common Stock that transfers, in whole or in part, may have an impact on the economic risk market price of ownership of the Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that or (iii) file a Registration Statement on Form S-8 with respect to shares issued pursuant to stock options. The prohibition in clause (i) of the foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes sale of Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) the issuance of shares of Common Stock issued by the Company upon the exercise of Employee Options and any other options granted under the stock option and stock purchase plans of the Company and (C) the "Stock Plans"), including grant of options to purchase Common Stock issued upon the exercise of options granted under the Stock Option Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A..
(l) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your reasonable opinion the market price for the Stock has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Prospectus), the Company will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and disseminate a press release or other public statement, reasonably satisfactory to you, responding to or commenting on such rumor, publication or event.
(m) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, affairs in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Samples: Underwriting Agreement (Arqule Inc)
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders shareholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its the obligations of the Company and the Selling Securityholders under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees. The Selling Securityholders will pay any transfer taxes incident to the transfer to the Underwriters of the shares of Stock being sold by the Selling Securityholders.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Xxxxxxxxx & Xxxxx LLC on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 90 days following the period ending ninety (90) days after the effective date of the final Prospectus for the public offeringRegistration Statement, (1) offer, pledgedirectly or indirectly, sell, offer, contract to sell, sell transfer the economic risk of ownership in, make any option or contract to purchaseshort sale, purchase any option or contract to sell, grant any option, right or warrant to purchase, pledge or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) Common Stock or options to purchase Common Stock or other equity incentives granted under the Option Plans, (C) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock PlansOption Plans or upon the exercise of warrants outstanding as of the date hereof, all as described through incorporation by reference in the Preliminary Prospectus and (cD) shares capital stock issued in connection with acquisitions or strategic alliances entered into by the Company, provided that the Company shall notify Xxxxxxxxx & Xxxxx LLC of Common Stock issued on conversion such proposed acquisitions at least five (5) business days prior to entering into a legally binding letter of the Notes. For purposes of this paragraph (k), intent or a sale, offer, or other disposition shall be deemed definitive agreement with respect to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.acquisitions.
(l) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Stock has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Prospectus), the Company will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and disseminate a press release or other public statement, reasonably satisfactory to you, responding to or commenting on such rumor, publication or event.
(m) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance in all material respects with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it the Company of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as reasonably requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five (5) years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") NASD of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including reasonable counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Hambxxxxx & Xuisx XXX on behalf of the UnderwriterUnderwriters, it the Company will not, during the for a period ending ninety of one hundred eighty (90180) days after following the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, directly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, Stock or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock stock option plans or employee stock purchase plan of the Company (the "Option Plans"), all as described through incorporation by reference in footnote (1) to the table under the caption "Capitalization" in the Preliminary Prospectus Prospectus, (C) options to purchase Common Stock granted under the Option Plans, and (cD) by the Company pursuant to a merger or acquisition; provided, however, that the recipients of any securities of the Company pursuant to any such merger or acquisition either agree to be bound by a lockup agreement substantially similar to the letters to be provided to the Representatives at the Closing pursuant to paragraph (l) below or will not, pursuant to the terms of the acquisition transaction, be able to make a public sale of Common Shares during such 180-day period.
(l) The Company agrees not to, without the prior written consent of Hambxxxxx & Xuisx XXX on behalf of the Underwriters, release any stockholder from any agreement with the Company, whether by contract or by law, whereby such person or entity has agreed not to, for a period of up to one hundred eighty (180) days following the commencement of the public offering of the Stock by the Underwriters, directly or indirectly, (i) sell, offer, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase or otherwise transfer or dispose of any shares of Common Stock issued on conversion or any securities convertible into or exchangeable or exercisable for or any rights to purchase or acquire Common Stock or (ii) enter into any swap or other agreement that transfers, in whole or in part, any of the Notes. For purposes economic consequences or ownership of this paragraph Common Stock, whether any such transaction described in clause (ki) or (ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise.
(m) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Stock has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Prospectus), the Company will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and disseminate a sale, offer, press release or other disposition shall be deemed public statement, reasonably satisfactory to include any sale you, responding to an institution which canor commenting on such rumor, following such sale, sell Common Stock to the public in reliance on Rule 144A.publication or event.
(ln) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and also agrees as followswith each Underwriter that:
(a) The the Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of will, if the Registration Statement in reliance on Rule 430A and (ii) has not heretofore become effective under the Act, file any an amendment to the Registration Statement or supplement or, if necessary pursuant to Rule 430A under the Act, a post-effective amendment to the Prospectus Registration Statement, as soon as practicable after the execution and delivery of which you shall not previously have been advised this Agreement, and furnished with will use its best efforts to cause the Registration Statement or such post-effective amendment to become effective at the earliest possible time; and the Company will comply fully and in a copy or to which you shall have reasonably objected in writing or which is not in compliance timely manner with the Securities Act or applicable provisions of Rule 424(b), Rule 430A and the other rules and regulations of under the Commission.Act;
(b) The the Company will advise the Underwriters promptly notify and, if requested by the Representatives, shall confirm such advice in writing (and provide copies of any relevant correspondence and other documents) to the Representatives in the event of (i) when the request Registration Statement has become effective, if and when the Prospectus is sent for filing pursuant to Rule 424 under the Act, and when any post-effective amendment to the Registration Statement becomes effective, (ii) of the receipt of any comments or correspondence from the Commission that relate to the Registration Statement or requests by the Commission for amendment of amendments to the Registration Statement or for supplement amendments or supplements to the Prospectus or for any additional information, (iiiii) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes or the Conversion Shares for offering or sale in any jurisdiction, or (v) or, to the receipt by it of notice knowledge of the Company, of the threat or initiation or threatening of any proceeding proceedings for such purpose. The Company will purpose by the Commission or any state securities commission or other regulatory authority, and (iv) of the happening of any event or information becoming known during the period referred to in paragraph (e) below that makes any statement of a material fact made in the Registration Statement untrue or that requires the making of any additions to or changes in the Registration Statement (as amended or supplemented from time to time) in order to make every reasonable effort the statements therein not misleading or that makes any statement of a material fact made in the Prospectus (as amended or supplemented from time to prevent time) untrue or that requires the issuance making of such a stop any additions to or changes in the Prospectus (as amended or supplemented from time to time) in order and, to make the statements therein not misleading; if such an order shall at any time be issuedthe Commission shall issue or institute proceedings (or threaten to institute any such proceedings) to issue any stop order suspending the effectiveness of the Registration Statement, or any state securities commission or other regulatory authority shall issue or institute proceedings (or threaten to institute proceedings) to issue an order suspending the qualification or exemption of the Notes or the Conversion Shares under any state securities or Blue Sky laws, the Company shall use its best efforts to obtain the withdrawal thereof or lifting of such order at the earliest possible moment.time;
(c) The the Company will (i) on or before furnish to each of the Closing Date, deliver to you a Representatives without charge one signed copy of the Registration Statement as originally first filed with the Commission and of each amendment to it, including all exhibits filed therewith, and will furnish to the Representatives such number of conformed copies of the Registration Statement as so filed and of each amendment thereto filed to it, without exhibits, as the Representatives may reasonably request;
(d) the Company will not file any amendment or supplement to the Registration Statement, whether before or after the time when it becomes effective, or make any amendment or supplement to the Prospectus of which the Representatives shall not previously have been advised and provided a copy a reasonable period of time prior to the time filing thereof and to which the Representatives or their counsel shall reasonably object; and the Company will prepare and file with the Commission, promptly upon the Representatives' reasonable request, any amendment to the Registration Statement or supplement to the Prospectus that may be necessary or advisable in connection with the distribution of the Notes by the Representatives in their or their counsel's reasonable opinion, and will use its best efforts to cause the same to become effective as promptly as possible;
(e) promptly after the Registration Statement becomes effective andeffective, promptly upon and from time to time thereafter for such period as a prospectus is required by the filing thereofAct to be delivered in connection with the sales by an underwriter or a dealer (in the reasonable written opinion of the Representatives' counsel, a signed copy it being understood that no opinion of each post- effective amendment, if any, the Representatives' counsel shall be necessary for distribution of the Prospectus prior to or on the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to youClosing Date), (ii) as promptly as possible deliver the Company will furnish to youeach Representative, at such office or offices as you may designate, Underwriter and dealer without charge as many copies of the Prospectus as you may reasonably request, (and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter any amendment or dealer, likewise send to you as many additional copies supplement of the Prospectus and Prospectus) as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you Representatives or such Underwriters or dealers may reasonably request for the purposes contemplated by the Securities Act.; the Company consents to the lawful use of the Prospectus and any amendment or supplement thereto by any Underwriter or any dealer, both in connection with the offering or sale of the Notes and for such period of time thereafter as the Prospectus is required by the Act to be delivered in connection therewith;
(df) If at any time if during the period specified in which a prospectus is required by law to be delivered by the Underwriter or dealer paragraph (e) any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur or information become known as a result of which it is necessary, in the reasonable opinion of the Representatives' counsel for the Company it becomes necessary to amend or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at as of the time such date the Prospectus is delivered to such a purchaser, not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose or it is necessary to vary the terms of offering thereof by reason of changes in general market conditions amend or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that supplement the Prospectus be supplemented or amendedto comply with any law, the Company will forthwith prepare and and, subject to paragraph 5(d) above, file with the Commission a at the sole expense of the Company an appropriate amendment or supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes so that the Underwriter and all dealers to whom statements of any of the Notes may be sold by the Underwriter to use material facts in the Prospectus, as from time to time so amended or and supplemented, will not in light of the circumstances when it is so delivered, be misleading, or so that the Prospectus will comply with law and the Company will furnish to the Representatives and to such Underwriters and dealers as the Representatives shall specify, at the sole expense of the Company, such number of copies thereof as the Representatives or such Underwriters or dealers may reasonably request;
(g) without limiting the generality of the foregoing clause (f), the Company acknowledges and agrees that if, prior to the exercise in full or termination or expiration of the option to purchase the Additional Notes, the Company incurs any liability or obligation, direct or contingent, or enters into any material transaction, or otherwise takes any action or experiences any change in situation or circumstances which may render the Prospectus (as it then exists) misleading, the Company shall (i) promptly notify Advest, Inc. in writing of such event, such notice to explain the nature and scope of such event in reasonable detail insofar as possible, and (ii) as may be necessary or advisable in connection with the sale distribution of the Notes by the Representatives in accordance their counsel's reasonable opinion, forthwith prepare and, subject to paragraph 5(d) above, file with the applicable provisions Commission at the sole expense of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective an appropriate amendment to the Registration Statement and any or supplement to the Prospectus Prospectus, and (iii) at the sole expense of the Company, reproduce and distribute such amendment or any amended Prospectus proposed supplement to be filed.such persons or institutions as Advest, Inc. shall reasonably request;
(fh) The prior to any public offering of the Notes and/or Conversion Shares, the Company will cooperate, when cooperate with the Representatives and as requested by you, counsel for the Representatives in connection with the registration or qualification of the Notes and/or Conversion Shares for offer and sale by the several Underwriters and by dealers under the state securities or blue sky Blue Sky laws of such jurisdictions as you the Representatives may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVERrequest (provided, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation or business trust in any jurisdiction in which it is not otherwise required to be so qualified. The qualified or to take any action which would subject it to general consent to service of process in any jurisdiction in which it is not now otherwise required to be so subject); the Company will from time to time, prepare continue such cooperation so long as required by law for the distribution of the Notes and/or Conversion Shares and will file such statements, reports, and consents to service of process or other documents as are or may be necessary in order to effect such registration or qualification (provided, that the Company shall not be obligated to take any action that would subject it to general consent to service of process in any jurisdiction in which it is not now otherwise required to continue such qualifications in effect for be so long a period as you may reasonably request for distribution subject);
(i) the Company will not acquire any Notes or any capital stock of the Company prior to the exercise in full or termination or expiration of the option to purchase the Additional Notes., nor will the Company declare or pay any dividend or make any other distribution upon its capital stock payable to stockholders of record on a date prior to the exercise in full or termination or expiration of the option to purchase the Additional Notes;
(gj) During the Company will mail and make generally available to holders of Notes and/or Conversion Shares and furnish to the Representatives as soon as reasonably practicable a consolidated earnings statement covering a period of at least 12 months beginning after the "effective date" (as defined in Rule 158 under the Act) of the Registration Statement (but in no event commencing later than 90 days after such date) that will satisfy the provisions of Section 11(a) of the Act and Rule 158 thereunder, if applicable to holders of the Notes and/or Conversion Shares;
(k) During the period of five (5) years commencing with after the date hereofof this Agreement, the Company will furnish to you copies of all periodic and special reports furnished to stockholders each of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
Representatives a copy (i) The Company agrees to pay all costs and expenses incident to as soon as practicable after the performance filing thereof, of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing each report filed by it with the Commission and Commission, any securities exchange or the National Association of Securities Dealers, Inc. ("NASD"); (ii) as soon as practicable after the release thereof, of each press release relating to the Company; (iii) as soon as available, of each report of the Company mailed to the Company's shareholders; and (iv) as soon as available, such other publicly available information concerning the Company as the Representatives may reasonably request;
(l) whether or not the transactions contemplated hereby are consummated or this Agreement becomes effective as to all of its provisions or is terminated, to pay all costs, fees, expenses and taxes incident to the performance by the Company of its obligations hereunder, including (i) the preparation, printing, filing and distribution under the Act of the Registration Statement (including financial statements and exhibits), each Preliminary Prospectus, the Prospectus and all amendments and supplements to any of them prior to or during the period specified in paragraph (e) above of this Section 5, (ii) the word processing, reproduction and distribution of the Blue Sky Survey and any related memoranda, correspondence and other documents prepared and delivered by the Underwriters or their counsel (including in each case the fees and disbursements of counsel for the Underwriters relating to such preparation and delivery), (iii) the filing of notices of the offer and sale of the Notes and/or the Conversion Shares by the several Underwriters and by dealers under the securities or Blue Sky laws of the several states (including in each case the fees and disbursements of counsel for the Underwriters relating to such filings), (iv) the filings and clearance with the NASD in connection with the offering and sale of the Notes and/or Conversion Shares (including the filing fees relating to such filings and clearance), (v) the approval for listing of the Notes on the Nasdaq SmallCap Market, and the approval of the Conversion Shares for listing on the Nasdaq National Market, (vi) furnishing such copies of the Registration Statement, each Preliminary Prospectus, the Prospectus and all amendments and supplements thereto as may be reasonably requested by the Representatives for use in connection with the offering or sale of the Notes by the Underwriters or by dealers to whom the Notes may be sold, (vii) obtaining the opinions to be provided pursuant to Section 8(f)-(h) of this Agreement, (viii) the fees and expenses of the Indenture Trustee, including the fees and disbursements of counsel for the Indenture Trustee, (ix) the cost of approving the Notes for eligibility with DTC, and (x) the performance by the Company of all of its other obligations under this Agreement; if the sale of the Notes provided for herein is not consummated because the Underwriters exercise their right to terminate this Agreement pursuant to Section 9 hereof or the Company shall refuse or be unable to comply with any provision hereof (except as the result of a breach of this Agreement by the Underwriters), the Company will promptly reimburse the Underwriters upon demand for all reasonable out-of-pocket expenses (including the fees and disbursements of counsel for the Underwriters) that shall have been incurred by the Underwriters in connection with the proposed purchase and sale of the Notes;
(m) the Company intends to use the net proceeds received by it from the sale of the Notes being sold by it in the manner specified in the Prospectus;
(n) if, at the time of effectiveness of the Registration Statement, any Preliminary Prospectusinformation shall have been omitted therefrom in reliance upon Rule 430A, then immediately following the execution and delivery of this Agreement, the Prospectus Company will prepare, and file or transmit for filing with the Commission in accordance with Rule 430A and Rule 424(b), copies of an amended prospectus, or, if required by Rule 430A, a post- effective amendment to the Registration Statement (including an amended prospectus), containing all information so omitted;
(o) the Company will cause the Notes and the Form T-1 filed Conversion Shares to be approved for listing, subject to notice of issuance or sale, on the Nasdaq SmallCap Market and Nasdaq National Market, respectively, and will comply with all registration, filing and reporting requirements of the Securities Exchange Act of 1934, as amended (the "Exchange Act") in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and sale of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing Notes and issuance of the Indenture and the note certificates, including the transfer agent's fees.Conversion Shares; and
(jp) The the Company agrees will use its best efforts to reimburse you, for the account of the several Underwriter, for blue sky fees do and related disbursements perform all things required to be done and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid performed under this Agreement by it prior to or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock Closing Date or any securities convertible into or exercisable or exchangeable for Common StockOption Closing Date, or (2) enter into any swap or similar agreement that transfersas the case may be, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is and to satisfy all conditions precedent required to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of satisfied under this paragraph (k) shall not apply to (a) the Notes to be sold Agreement prior to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion delivery of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Samples: Underwriting Agreement (Praegitzer Industries Trust I)
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or Incorporated Document, or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have promptly and reasonably objected in writing or which is not in compliance with the Securities Act Act, the Exchange Act, or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible practicable deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the reasonable opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after at any time during the public offering of the Notes period in which a prospectus is required by the law to be delivered by an Underwriter and during such periodor a dealer, the Underwriter Underwriters shall propose to vary the terms of offering thereof of the Stock by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the reasonable opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus or Incorporated Document proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its the obligations of the Company under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, Prospectus and the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Incorporated Documents, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus and the Incorporated Documents referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing copying memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The provisions of paragraphs (i) and (j) of this Section are intended to relieve the Underwriters from the payment of the expenses and costs which the Company hereby agrees to pay and shall not affect any agreement which the Company may make, or may have made, for the sharing of any such expenses and costs.
(l) The Company hereby agrees that, without the prior written consent of Hambxxxxx & Xuisx XXX on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 90 days from the period ending ninety (90) days after the effective date of the final Prospectus for the public offeringRegistration Statement, (1) offer, pledgedirectly or indirectly, sell, offer, contract to sell, sell transfer the economic risk of ownership in, make any option or contract to purchaseshort sale, purchase any option or contract to sell, grant any option, right or warrant to purchase, pledge or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any other rights to purchase or acquire Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock stock option plans of the Company (the "Option Plans") or upon the exercise of warrants outstanding as of the date hereof, all as described through incorporation by reference under the caption "Capitalization" in the Preliminary Prospectus Prospectus, and (cC) options to purchase Common Stock granted under the Option Plans.
(m) The Company agrees to use all reasonable efforts to cause all directors that are stockholders of the Company, officers, and beneficial holders of more than 5% of the outstanding Common Stock to agree that, without the prior written consent of Hambxxxxx & Xuisx XXX on behalf of the Underwriters, such person or entity will not, for a period of 90 days from the effective date of the Registration Statement, directly or indirectly, sell, offer, contract to sell, transfer the economic risk of ownership in, make any short sale, pledge or otherwise dispose of any shares of Common Stock issued or any securities convertible into or exchangeable or exercisable for or any other rights to purchase or acquire Common Stock; provided, that, individuals may transfer any shares of Common Stock or securities convertible into or exchangeable or exercisable for the Company's Common Stock either during his or her lifetime or on conversion death by will or intestacy to his or her immediate family or to a trust the beneficiaries of the Notes. For purposes which are exclusively such individual and/or a member or members of this paragraph (k)his or her immediate family; provided, a salehowever, offerthat prior to any such transfer each transferee shall execute an agreement, satisfactory to Hambxxxxx & Xuisx XXX, pursuant to which each transferee shall agree to receive and hold such shares of Common Stock, or other disposition securities convertible into or exchangeable or exercisable for the Common Stock, subject to the foregoing restrictions, and there shall be deemed to include any sale to an institution which can, following no further transfer except in accordance with such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunderrestrictions.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Shares for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesShares, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Shares by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Shares may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Shares in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Shares for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesShares.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commissionthe Commission .
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. (the "NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Shares under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Xxxxxxxxx & Xxxxx LLC on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 180 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringShares by the Underwriters, directly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, Stock or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Shares to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock stock option plans of the Company (the "Option Plans") or upon the exercise of warrants outstanding as of the date hereof, all as described through incorporation by reference in footnote (____) to the table under the caption "capitalization" in the Preliminary Prospectus Prospectus, and (cC) shares of options to purchase Common Stock issued on conversion of granted under the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.Option Plans.
(l) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Shares has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Prospectus), the Company will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and disseminate a press release or other public statement, reasonably satisfactory to you, responding to or commenting on such rumor, publication or event.
(m) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as followswith the several Underwriters that:
(a) If the effective time of the Registration Statement is not prior to the execution and delivery of this Agreement, the Company will use its best efforts to cause the Registration Statement to become effective at the earliest possible time and, upon notification from the Commission that the Registration Statement has become effective, will so advise the Representatives and counsel to the Underwriters promptly. If the effective time of the Registration Statement is prior to the execution and delivery of this Agreement and any information shall have been omitted therefrom in reliance upon Rule 430A, the Company, at the earliest possible time, will furnish the Representatives with a copy of the Prospectus to be filed by the Company with the Commission to comply with Rule 424(b) and Rule 430A under the Act and, if the Representatives do not object to the contents thereof, will comply with such Rules. Upon compliance with such Rules, the Company will so advise the Representatives promptly. The Company will (i) prepare advise the Representatives and timely file with counsel to the Underwriters promptly of the issuance by the Commission under Rule 424(b) a Prospectus containing information previously omitted at or any state securities commission of any stop order suspending the time of effectiveness of the Registration Statement or of the institution of any proceedings for that purpose, or of any notification of the suspension of qualification of the Shares for sale in reliance on any jurisdiction or the initiation or threatening of any proceedings for that purpose, and will also advise the Representatives and counsel to the Underwriters promptly of any request of the Commission for amendment or supplement of the Registration Statement, of any Preliminary Prospectus or of the Prospectus, or for additional information, and the Company will not file any amendment or supplement to the Registration Statement (either before or after it becomes effective), to any Preliminary Prospectus or to the Prospectus (including a prospectus filed pursuant to Rule 430A and 424(b)) or file any document under the Exchange Act before the termination of the public offering of the Shares by the Underwriters if such document would be deemed to be incorporated by reference in the Registration Statement, if the Representatives have not been furnished with a copy prior to such filing (iiwith a reasonable opportunity to review such amendment or supplement) or if the Representatives objects to such filing.
(b) The Company will not file any amendment to the Registration Statement or supplement to the Prospectus of which you the Representatives shall not previously have been advised and furnished with a copy (with a reasonable opportunity to review such amendment or supplement) or to which you the Representatives shall have reasonably objected to in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible momentwriting.
(c) The Company will (i) on or before the Closing DateIf, deliver to you at any time when a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior prospectus relating to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus Shares is required by law to be delivered in connection with sales by the an Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur occurs as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or would include an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact fact, or would omit to state any material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaserunder which they were made, not misleading. If, after or if it is necessary at any time to supplement the public offering of Prospectus to comply with the Notes Act or to file under the Exchange Act any document which would be deemed to be incorporated by reference in the Underwriter and during such periodRegistration Statement to comply with the Act or the Exchange Act, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you Company promptly will advise the Company in writing of Representatives and counsel to the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company Underwriters thereof and will forthwith promptly prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to youat its expense, for your information, a copy of any post-effective an amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company file such document which will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities correct such statement or blue sky laws of omission or an amendment which will effect such jurisdictions as you may designate compliance; and, during the period in which if any Underwriter is required to deliver a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") effective date of the Registration Statement, any Preliminary Prospectusthe Company, upon request of the Prospectus and the Form T-1 filed in connection Representatives, will prepare promptly such prospectus or prospectuses as may be necessary to permit compliance with the Notes (the "Form T-1"requirements of section 10(a)(3), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives Xxxxxxxxx & Xxxxx LLC in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may reasonably designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its the obligations of the Company and Selling Securityholders under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees. The Selling Securityholders will pay any transfer taxes incident to the transfer to the Underwriters of the shares of Stock being sold by the Selling Securityholders.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including reasonable fees of counsel fees and disbursements and cost of printing blue sky memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The provisions of paragraphs (i) and (j) of this Section are intended to relieve the Underwriters from the payment of the expenses and costs which the Company hereby agrees to pay and shall not affect any agreement which the Company and the Selling Securityholders may make, or may have made, for the sharing of any such expenses and costs.
(l) The Company hereby agrees that, without the prior written consent of Xxxxxxxxx & Xxxxx LLC on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 180 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, directly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, Stock or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) shares of Common Stock, options to purchase Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options or other equity incentives granted under the Stock Option Plans, all or (C) capital stock issued in connection with acquisitions entered into by the Company as described through incorporation by reference contemplated in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k)Registration Statement, a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure provided that the Company was not and will not shall notify Xxxxxxxxx & Xxxxx LLC of such proposed acquisition at least five (5) business days prior to entering into a legally binding letter of intent or definitive agreement with respect to such acquisitions.
(m) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Stock has been or is likely to be an "investment company" materially affected (regardless of whether such rumor, publication or event necessitates a company "controlled" by an "investment company" within the meaning supplement to or amendment of the Investment Prospectus), the Company Act of 1940will, as amendedafter written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and the rules and regulations thereunderdisseminate a press release or other public statement, reasonably satisfactory to you, responding to or commenting on such rumor, publication or event.
Appears in 1 contract
Samples: Underwriting Agreement (First Consulting Group Inc)
Further Agreements of the Company. The Company covenants and agrees as followsthat:
(a) The Company will (i) prepare If, at the time this Agreement is executed and timely file with delivered, it is necessary for the Commission Registration Statement or a post-effective amendment thereto to be declared effective under Rule 424(b) a the Securities Act before the offering of the Stock may commence, to use its reasonable best efforts to cause the Registration Statement or such post-effective amendment to become effective under the Securities Act as soon as reasonably practicable; if the Registration Statement has become effective and the Prospectus containing contained therein omits certain information previously omitted at the time of effectiveness pursuant to Rule 430A of the Securities Act Rules and Regulations, to file a Prospectus with the Commission pursuant to Rule 497(h) of the Securities Act Rules and Regulations as soon as reasonably practicable, not later than the Commission's close of business on the second business day following the execution and delivery of this Agreement; if the Registration Statement in reliance on Rule 430A does not so omit such information, the Company will file a Prospectus pursuant to 497(c) or (j) of the Securities Act as soon as reasonably practicable, not later than the fifth business day following the execution and (ii) not file delivery of this Agreement; to make no further amendment or any amendment supplement to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or except as permitted herein; to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations advise you, promptly after it receives notice thereof, of the Commission.
(b) The Company will promptly notify the Representatives in the event of (i) the request by the Commission for amendment of time when the Registration Statement or for any amendment thereto has been filed or becomes effective or any supplement to the Prospectus or for any additional informationamended Prospectus has been filed and to furnish you with copies thereof; to advise you, (ii) promptly after it receives notice thereof, of the issuance by the Commission of any stop stop-order or of any order preventing or suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution use of any action Preliminary Prospectus or proceeding for that purposethe Prospectus, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for offering or sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for any such purpose. The Company will make every reasonable effort to prevent , or of any request by the Commission for the amending or supplementing of the Registration Statement or the Prospectus or for additional information; and, in the event of the issuance of any stop-order or of any order preventing or suspending the use of any Preliminary Prospectus or the Prospectus or suspending any such a stop order and, if such an order shall at any time be issuedqualification, to use promptly its reasonable best efforts to obtain the withdrawal thereof at the earliest possible moment.its withdrawal;
(cb) The Company will (i) on or before the Closing Date, deliver To furnish promptly to you and your counsel a signed copy of the Registration Statement each as originally filed with the Commission and each amendment thereto, including all financial statements, consents and exhibits thereto (except any post-effective amendment which is filed with the Commission after the later of (x) one year from the date of this Agreement and (y) the date on which the distribution of the Stock is completed);
(c) To deliver promptly to you such number of the following documents as you shall reasonably request: (i) conformed copies of the Registration Statement as originally filed with the Commission and each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), case excluding exhibits) and (ii) as promptly as possible deliver to youeach Preliminary Prospectus, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably requestand any amended or supplemented Prospectus; and, and (iii) thereafter from time to time during if the period in which delivery of a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during after the period Effective Time in which a prospectus is required by law to be delivered by connection with the Underwriter offering or dealer sale of the Stock or any event other securities relating to or affecting the Company, or of which the Company thereto and if at such time any events shall be advised in writing by you, shall occur have occurred as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so then amended or supplemented or amended will not contain any would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time under which they were made when such Prospectus is delivered to such purchaserdelivered, not misleading. If, after or, if for any other reason it shall be necessary to amend or supplement the public offering of Prospectus in order to comply with the Notes by the Underwriter and during such periodActs, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, notify you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter upon their request, to file such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith document and to prepare and furnish without charge to you and to any dealer in securities as many copies as you may from time to time reasonably request of an amended or supplemented Prospectus which will correct such statement or omission or effect such compliance;
(d) To file promptly with the Commission a any amendment to the Registration Statement or the Prospectus or any supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes that may, in the Underwriter and all dealers to whom any judgment of the Notes may Company or you, be sold required by the Underwriter to use Acts or requested by the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.Commission;
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of Commission any post-effective amendment to the Registration Statement and any or supplement to the Prospectus or any amended Prospectus proposed pursuant to Rule 497 of the Securities Act Rules and Regulations, to furnish a copy thereof to you and your counsel and obtain your consent to the filing, which consent shall not be filed.unreasonably withheld;
(f) The Company will cooperate, when and As soon as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring practicable after the first anniversary of the Effective Date, the Company will to make generally available to its the Company's security holders and to deliver to you an earnings statement in accordance of the Company (which need not be audited) complying with Section 11(a) of the Securities Act and the Securities Act Rules and Regulations (including, at the option of the Company, Rule 158 158);
(g) For a period of three years following the Effective Date, to furnish to you, to the extent such information is not freely available on the Internet, copies of all materials furnished by the Company to its shareholders and all public reports to the Commission pursuant to the Exchange Act or any rule or regulation of the Commission thereunder.;
(h) Promptly, from time to time, to take such action as you may reasonably request to qualify the Stock for offering and sale under the securities laws of such United States jurisdictions as you may request and to comply with such laws so as to permit the continuance of sales and dealings therein in such jurisdictions for as long as may be necessary to complete the distribution of the Stock; provided that, in connection therewith, the Company shall not be required to qualify as a foreign corporation or to file a general consent to service of process in any jurisdiction;
(i) The Except for the shares of Stock and any other shares of common or preferred stock of the Company agrees issued to pay all costs and expenses incident shareholders pursuant to the performance of its obligations under this Agreement Company's Dividend Reinvestment and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse youCash Purchase Plan, for the account a period of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) 180 days after from the date of the final Prospectus for the public offeringProspectus, not to, without your prior written consent (which consent may be given or withheld in your sole discretion), directly or indirectly, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option register with the Commission or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares announce an offering of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stockof the Company, or (2) offer for sale, sell, pledge or otherwise dispose of (or enter into any swap transaction or similar agreement that transfersdevice which is designed to, or reasonably could be expected to, result in whole the disposition by any person at any time in the future of any Stock or in part, the economic risk of ownership of Common securities convertible into or exchangeable for Stock, whether or sell or grant options, rights or warrants with respect to any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, securities convertible into or exchangeable for Stock;
(j) To apply the net proceeds from the sale of the Stock as set forth in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions Prospectus under the heading "Use of this paragraph Proceeds";
(k) shall not apply to (a) To comply with the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares undertaking set forth in paragraph 6 of Common Stock issued under the stock option and stock purchase plans Item 33 of Part C of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.Registration Statement;
(l) To use reasonable best efforts to cause the Stock, prior to the Delivery Date, to be assigned ratings of "AAA" by Fitch Ratings, Inc. ("Fitch") and "Aaa" by Xxxxx'x Investors Service, Inc. ("Moody's"), respectively;
(m) The Company is familiar with will direct the Investment Company Act investment of 1940, as amended, and has in the past conducted its affairs, and will in proceeds of the future conduct its affairs, offering of the Stock in such a manner as to ensure that comply with the requirements of Subchapter M of the Code and, at all times since its inception, the Company was not has and will not be an "intends to continue to qualify as a regulated investment company" or a company "controlled" by an "investment company" within the meaning under Subchapter M of the Investment Company Act of 1940, as amended, and the rules and regulations thereunderCode.
Appears in 1 contract
Samples: Underwriting Agreement (New America High Income Fund Inc)
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commissionthe Commission [(including the Report on Form SR required by Rule 463 of the Commission under the Securities Act)].
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Xxxxxxxxx & Xxxxx LLC on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 180 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, directly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, Stock or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (a) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A..
(l) The Company is familiar with the Investment Company Act of 1940agrees to use its best efforts to cause all directors, as amendedofficers, and beneficial holders of more than 5% of the outstanding Common Stock to agree that, without the prior written consent of Xxxxxxxxx & Xxxxx LLC on behalf of the Underwriters, such person or entity will not, for a period of 180 days following the commencement of the public offering of the Stock by the Underwriters, directly or indirectly, (i) sell, offer, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase or otherwise transfer or dispose of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or any rights to purchase or acquire Common Stock or (ii) enter into any swap or other agreement that transfers, in whole or in part, any of the economic consequences or ownership of Common Stock, whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise.
(m) If at any time during the [25]-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Stock has in been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the past conducted its affairsProspectus), the Company will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and will in the future conduct its affairsdisseminate a press release or other public statement, in reasonably satisfactory to you, responding to or commenting on such a manner to ensure that the Company was not and will not be an "investment company" rumor, publication or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunderevent.
Appears in 1 contract
Further Agreements of the Company. The Company further covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees thatTHE COMPANY HEREBY AGREES THAT, without the prior written consent of the UnderwriterWITHOUT THE PRIOR WRITTEN CONSENT OF XXXXXXXXX & XXXXX LLC ON BEHALF OF THE UNDERWRITERS, it will notTHE COMPANY WILL NOT, during the period ending ninety (90) days after the date of the final Prospectus for the public offeringFOR A PERIOD OF [180] DAYS FOLLOWING THE COMMENCEMENT OF THE PUBLIC OFFERING OF THE STOCK BY THE UNDERWRITERS, DIRECTLY OR INDIRECTLY, (1i) offerSELL, pledgeOFFER, sellCONTRACT TO SELL, contract to sellMAKE ANY SHORT SALE, sell any option or contract to purchasePLEDGE, purchase any option or contract to sellSELL ANY OPTION OR CONTRACT TO PURCHASE, grant any optionPURCHASE ANY OPTION OR CONTRACT TO SELL, right or warrant to purchaseGRANT ANY OPTION, or otherwise transfer or dispose ofRIGHT OR WARRANT TO PURCHASE OR OTHERWISE TRANSFER OR DISPOSE OF ANY SHARES OF COMMON STOCK OR ANY SECURITIES CONVERTIBLE INTO OR EXCHANGEABLE OR EXERCISABLE FOR OR ANY RIGHTS TO PURCHASE OR ACQUIRE COMMON STOCK OR (ii) ENTER INTO ANY SWAP OR OTHER AGREEMENT THAT TRANSFERS, directly or indirectlyIN WHOLE OR IN PART, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common StockANY OF THE ECONOMIC CONSEQUENCES OR OWNERSHIP OF COMMON STOCK, or WHETHER ANY SUCH TRANSACTION DESCRIBED IN CLAUSE (2i) enter into any swap or similar agreement that transfersOR (ii) ABOVE IS TO BE SETTLED BY DELIVERY OF COMMON STOCK OR SUCH OTHER SECURITIES, in whole or in partIN CASH OR OTHERWISE. THE FOREGOING SENTENCE SHALL NOT APPLY TO (A) THE STOCK TO BE SOLD TO THE UNDERWRITERS PURSUANT TO THIS AGREEMENT, the economic risk of ownership of Common Stock, whether any such transaction described in clause [(1B) or SHARES OF COMMON STOCK ISSUED BY THE COMPANY UPON THE EXERCISE OF OPTIONS GRANTED UNDER THE STOCK OPTION PLANS OF THE COMPANY (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the THE "Stock PlansOPTION PLANS"), including Common Stock issued upon the exercise of options granted under the Stock PlansALL AS DESCRIBED IN THE PRELIMINARY PROSPECTUS, all as described through incorporation by reference in the Preliminary Prospectus and AND (cC) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.OPTIONS TO PURCHASE COMMON STOCK GRANTED UNDER THE OPTION PLANS.]
(l) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Stock has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Prospectus), the Company will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and disseminate a press release or other public statement, reasonably satisfactory to you, responding to or commenting on such rumor, publication or event.
(m) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Samples: Underwriting Agreement (Adforce Inc)
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Shares for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesShares, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Shares by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Shares may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Shares in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Shares for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesShares.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. (the "NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees. The Selling Securityholder will pay any transfer taxes incident to the transfer to the Underwriters of the Option Shares being sold by the Selling Securityholder.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Shares under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Chase Securities Inc. and Deutsche Bank Securities Inc. on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 180 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringShares by the Underwriters, directly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, Stock or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Shares to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock stock option plans of the Company (the "Plans") or upon the exercise of options or warrants outstanding as of the date hereof, all as described through incorporation by reference under the caption "Capitalization" in the Preliminary Prospectus Prospectus, and (cC) shares of stock or options to purchase Common Stock issued on conversion of granted under the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.Plans.
(l) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Shares has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Prospectus), the Company will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of, and disseminate a press release or other public statement, reasonably satisfactory to you, responding to or commenting on such rumor, publication or event.
(m) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Samples: Underwriting Agreement (Isky Inc)
Further Agreements of the Company. The Company covenants agrees with the Placement Agents and agrees as followsthe Purchasers:
(a) The Company will (iTo prepare the Rule 462(b) prepare Registration Statement, if necessary, in a form approved by the Representative and timely file such Rule 462(b) Registration Statement with the Commission under Rule 424(b) on the date hereof; to prepare the Prospectus in a Prospectus form approved by the Representative containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on rule 430A and to file such Prospectus pursuant to Rule 424(b) under the Securities Act not later than the second business (2nd) day following the execution and delivery of this Agreement or, if applicable, such earlier time as may be required by Rule 430A of the Rules and (ii) not Regulations; to notify the Representative immediately of the Company’s intention to file or prepare any supplement or amendment to any Registration Statement or to the Prospectus and to make no amendment or supplement to such Registration Statement, the Pricing Prospectus or to the Prospectus to which the Representative shall reasonably object by notice to the Company after a reasonable period to review; to advise the Representative, promptly after it receives notice thereof, of the time when any amendment to the any Registration Statement has been filed or becomes effective or any supplement to the Pricing Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional informationamended Prospectus has been filed and to furnish the Representative copies thereof; to advise the Representative, (ii) promptly after it receives notice thereof, of the issuance by the Commission of any stop order or of any order preventing or suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution use of any action Preliminary Prospectus or proceeding for that purposethe Prospectus, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for offering or sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for any such purpose. The Company will make every reasonable effort to prevent , or of any request by the Commission for the amending or supplementing of the Registration Statements, the Pricing Prospectus or the Prospectus or for additional information; and, in the event of the issuance of such a any stop order andor of any order preventing or suspending the use of any Preliminary Prospectus or the Prospectus or suspending any such qualification, if such an order shall at any time be issued, and promptly to use its best efforts to obtain the withdrawal thereof at the earliest possible momentof such order.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(db) If at any time during when a Prospectus relating to the period in which a prospectus Stock is required by law to be delivered by under the Underwriter or dealer Securities Act, any event relating to occurs or affecting the Company, or of which the Company shall be advised in writing by you, shall occur condition exists as a result of which it is necessarythe Prospectus, in the opinion of counsel for the Company as then amended or of counsel for the Underwritersupplemented, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain would include any untrue statement of a material fact or omit to state any a material fact necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading, or the Registration Statement, as then amended or supplemented, would include any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein not misleading, or if for any other reason it is necessary at any time to amend or supplement any Registration Statement or the Prospectus to comply with the Securities Act or the Exchange Act, the Company will promptly notify the Representative, and upon the Representative’s request, the Company will promptly prepare and file with the Commission, at the Company’s expense, an amendment to the Registration Statement or an amendment or supplement to the Prospectus that corrects such statement or omission or effects such compliance and will deliver to the Placement Agents, without charge, such number of copies thereof as such Placement Agent may reasonably request. The Company consents to the use of the Prospectus or any amendment or supplement thereto by the Placement Agents.
(c) If the Pricing Prospectus is being used to solicit offers to buy the Stock at a time when the Prospectus is not yet available to prospective purchasers and any event shall occur as a result of which, in the judgment of the Company or in the reasonable opinion of the Representative, it becomes necessary to amend or supplement the Pricing Prospectus in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaserthen prevailing, not misleading. If, after or to make the public offering of statements therein not conflict with the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if information contained in the opinion either of counsel for Registration Statement then on file and not superseded or modified, or if it is necessary at any time to amend or supplement the Company or of counsel for the Underwriter such proposed variation requires that the Pricing Prospectus be supplemented or amendedto comply with any law, the Company promptly will forthwith prepare and prepare, file with the Commission a (if required) and furnish to the Placement Agents and any dealers an appropriate amendment or supplement to the Pricing Prospectus so that the Pricing Prospectus as so amended or an amended Prospectus setting forth such variation. The Company authorizes supplemented will not, in the Underwriter and all dealers to whom any light of the Notes may circumstances then prevailing, be sold by the Underwriter to use the Prospectus, as from time to time amended misleading or supplemented, in connection conflict with the sale Registration Statement then on file, or so that the Pricing Prospectus will comply with law.
(d) To furnish promptly to the Representative and to counsel for the Placement Agents a signed copy of each of the Notes in accordance Registration Statements as originally filed with the applicable provisions Commission, and of each amendment thereto filed with the Securities Act Commission, including all consents and the applicable rules and regulations thereunder for such periodexhibits filed therewith.
(e) Prior To deliver promptly to the filing thereof Representative in New York City such number of the following documents as the Representative shall reasonably request: (i) conformed copies of the Registration Statement as originally filed with the CommissionCommission (in each case excluding exhibits), (ii) each Preliminary Prospectus, (iii) any Pricing Prospectus, (iv) the Company will submit Prospectus (the delivery of the documents referred to youin clauses (i), for your information(ii), a copy (iii) and (iv) of this paragraph (e) to be made not later than 10:00 A.M., New York time, on the business day following the execution and delivery of this Agreement), (v) conformed copies of any post-effective amendment to the Registration Statement (excluding exhibits), and (vi) any amendment or supplement to the Pricing Prospectus or any amended the Prospectus proposed (the delivery of the documents referred to in clauses (v) and (vi) of this paragraph (e) to be filedmade not later than 10:00 A.M., New York City time, on the business day following the date of such amendment or supplement) (the delivery of the documents referred to in clause (vi) of this paragraph (e) to be made not later than 10:00 A.M., New York City time, on the business day following the date of such document).
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will To make generally available to its security holders shareholders as soon as practicable, but in any event not later than eighteen (18) months after the effective date of each Registration Statement (as defined in Rule 158(c) under the Securities Act), an earnings statement in accordance of the Company and any Subsidiary (which need not be audited) complying with Section 11(a) of the Securities Act and the Rules and Regulations (including, at the option of the Company, Rule 158 thereunder158); and to furnish to its shareholders as soon as practicable after the end of each fiscal year an annual report (including a balance sheet and statements of income, shareholders’ equity and cash flows of the Company and its consolidated subsidiaries certified by independent public accountants) and as soon as possible after each of the first three fiscal quarters of each fiscal year (beginning with the first fiscal quarter after the effective date of such Registration Statement), consolidated summary financial information of the Company and its subsidiaries for such quarter in reasonable detail.
(g) To take promptly from time to time such actions as the Representative may reasonably request to qualify the Stock for offering and sale under the securities or Blue Sky laws of such jurisdictions (domestic or foreign) as the Representative may designate and to continue such qualifications in effect, and to comply with such laws, for so long as required to permit the offer and sale of Stock in such jurisdictions; provided that the Company shall not be obligated to qualify as foreign corporations in any jurisdiction in which they are not so qualified or to file a general consent to service of process in any jurisdiction.
(h) Upon request, during the period of five (5) years from the date hereof, to deliver to the Placement Agents, (i) as soon as they are available, copies of all reports or other communications furnished to shareholders, and (ii) as soon as they are available, copies of any reports and financial statements furnished or filed with the Commission or any national securities exchange or automatic quotation system on which the Company’s securities is listed or quoted.
(i) The That the Company agrees to pay all costs and expenses incident to will not, for a period of one hundred eighty (180) days from the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") date of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii“Lock-Up Period”) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the UnderwriterRepresentative, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) directly or indirectly offer, sell, assign, transfer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, other than the Company’s sale of the Stock hereunder and the issuance of restricted Common Stock or (2) enter into options to acquire Common Stock pursuant to the Company’s employee benefit plans, qualified stock option plans or other employee compensation plans as such plans are in existence on the date hereof and described in the Prospectus and the issuance of Common Stock pursuant to the valid exercises of options, warrants or rights outstanding on the date hereof. The Company will cause each executive officer and director listed in Schedule A hereto to furnish to the Representative, prior to the Closing Date, a letter, substantially in the form of Exhibit C hereto. Except for any swap amendment to the registration statement, File No. 333-141405, filed with the Commission, or similar agreement that transfers, in whole or in partas required under the terms of the Placement Agents Warrants, the economic risk Company also agrees that without the consent of ownership the Representative, from the date of this Agreement for a period of one hundred eighty (180) days, during such period, the Company will not file any registration statement, preliminary prospectus or prospectus, or any amendment or supplement thereto, under the Securities Act for any such transaction or which registers, or offers for sale, Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, whether any such transaction described in clause except for a registration statement on Form S-8 relating to employee benefit plans or a registration statement on Form S-4 relating to business combinations. The Company hereby agrees that (1i) if it issues an earnings release or material news, or if a material event relating to the Company occurs, during the last seventeen (17) days of the Lock-Up Period, or (2ii) above is if prior to be settled the expiration of the Lock-Up Period, the Company announces that it will release earnings results during the sixteen (16)-day period beginning on the last day of the Lock-Up Period, the restrictions imposed by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (i) or the letter shall continue to apply until the expiration of the eighteen (18)-day period beginning on the issuance of the earnings release or the occurrence of the material news or material event.
(j) To supply the Representative with copies of all correspondence to and from, and all documents issued to and by, the Commission in connection with the registration of the Stock under the Securities Act or the Registration Statements, any Preliminary Prospectus or the Prospectus, or any amendment or supplement thereto or document incorporated by reference therein.
(k) shall not apply to (a) the Notes to be sold Prior to the Underwriter pursuant Closing Date, to this Agreementfurnish to the Placement Agents, and (b) shares as soon as they have been prepared, copies of Common Stock issued under the stock option and stock purchase plans any unaudited interim consolidated financial statements of the Company (for any periods subsequent to the "Stock Plans"), including Common Stock issued upon periods covered by the exercise of options granted under the Stock Plans, all as described through incorporation by reference financial statements appearing in the Preliminary Prospectus Registration Statements and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.Prospectus.
(l) The Company is familiar Prior to the Closing Date, not to issue any press release or other communication directly or indirectly or hold any press conference with respect to the Company, its condition, financial or otherwise, or earnings, business affairs or business prospects (except for routine oral marketing communications in the ordinary course of business and consistent with the Investment past practices of the Company Act and of 1940which the Representative is notified), as amendedwithout the prior written consent of the Representative, unless in the judgment of the Company and its counsel, and has in after notification to the past conducted its affairsRepresentative, such press release or communication is required by law.
(m) Until the completion of the Offering, the Company will not, and will cause its affiliated purchasers (as defined in Regulation M under the Exchange Act) not to, either alone or with one or more other persons, bid for or purchase, for any account in which it or any of its affiliated purchasers has a beneficial interest, any Stock, or attempt to induce any person to purchase any Stock; and not to, and to cause its affiliated purchasers not to, make bids or purchase for the purpose of creating actual, or apparent, active trading in or of raising the price of the Stock.
(n) Not to take any action prior to the Closing Date which would require the Prospectus to be amended or supplemented pursuant to Section 5(a).
(o) To at all times comply with all applicable provisions of the Xxxxxxxx-Xxxxx Act in effect from time to time.
(p) To apply the net proceeds from the sale of the Stock as set forth in the future conduct Registration Statement, the Pricing Prospectus and the Prospectus under the heading “Use of Proceeds.”
(q) To use its affairsbest efforts to list, in such a manner subject to ensure that notice of issuance, the Stock on the Nasdaq CM.
(r) To use its best efforts to assist the Placement Agents with any filings with the NASD and obtaining clearance from the NASD as to the amount of compensation allowable or payable to the Placement Agents.
(s) To use its best efforts to do and perform all things required to be done or performed under this Agreement by the Company was not prior to the Closing Date and will not be an "investment company" or a company "controlled" by an "investment company" within to satisfy all conditions precedent to the meaning delivery of the Investment Company Act of 1940, as amended, and the rules and regulations thereunderStock.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Hambxxxxx & Xuisx XXX on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 90 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, directly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, Stock or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Company's 1991 Stock Plan, the 1993 Director's Stock Option Plan and the Company's Employee Stock Purchase Plan (the "Plans"), all as described through incorporation by reference in footnote (1) to the table under the caption "Capitalization" in the Preliminary Prospectus Prospectus, and (cC) shares of options to purchase Common Stock issued on conversion of granted under the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.Plans.
(l) The Company is familiar with agrees to use its best efforts to cause all directors and executive officers to agree that, without the Investment Company Act prior written consent of 1940Hambxxxxx & Xuisx XXX on behalf of the Underwriters, as amendedsuch person will not, and has in for a period of 90 days following the past conducted its affairscommencement of the public offering of the Stock by the Underwriters, and will in the future conduct its affairsdirectly or indirectly, (i) sell, offer, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase or otherwise transfer or dispose of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or any rights to purchase or acquire Common Stock or (ii) enter into any swap or other agreement that transfers, in such a manner to ensure that the Company was not and will not be an "investment company" whole or a company "controlled" by an "investment company" within the meaning in part, any of the Investment Company Act economic consequences or ownership of 1940Common Stock, as amendedwhether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Common Stock or such other securities, and the rules and regulations thereunderin cash or otherwise.
Appears in 1 contract
Samples: Underwriting Agreement (Incyte Pharmaceuticals Inc)
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) of the Rules and Regulations a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A of the Rules and Regulations; and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you the Placement Agent shall not previously have been advised and furnished with a copy or to which you the Placement Agent shall have reasonably and in good faith objected in writing or which is not in compliance with the Securities Act or the rules Rules and regulations of the CommissionRegulations.
(b) The Company will advise the Placement Agent promptly notify the Representatives in the event of (i) the any request by of the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) or of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) Statement or the institution use of the Prospectus or notice of intended the institution of any action or proceeding proceedings for that purpose, (iv) the receipt by and the Company of any notification with respect to the suspension of the qualification of the Notes for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort use its best efforts to prevent the issuance of any such a stop order andpreventing or suspending the use of the Prospectus and to obtain as soon as possible the lifting thereof, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on deliver to, or upon the order of, the Placement Agent, from time to time, as many copies of any Preliminary Prospectus as the Placement Agent may reasonably request. The Company will 11 Dakix Xxxurities Corporation August ___, 1998 Page 11 deliver to, or upon the order of, the Placement Agent during the period when delivery of a Prospectus is required under the Act, as many any copies of the Prospectus in final form, or as thereafter amended or supplemented, as the Placement Agent may reasonably request. The Company will deliver to the Placement Agent at or before the Closing Date, deliver to you a four signed copy copies of the Registration Statement as originally and all amendments thereto including all exhibits filed therewith, and of each amendment thereto filed prior will deliver to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy Placement Agent or Selected Dealers such number of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus Registration Statement, but without exhibits, and of all amendments thereto, as you the Placement Agent may reasonably request, and .
(iiid) thereafter from time to time If during the period in which a prospectus is required by law to be delivered by the Underwriter Placement Agent or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer Selected Dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessarywhich, in the judgment of the Company or in the opinion of counsel for the Company Placement Agent, it becomes necessary to amend or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such the Prospectus is delivered to such a purchaser, not misleading. If, after or, if, to the public offering of the Notes by the Underwriter and during such periodCompany's knowledge, the Underwriter shall propose it is or becomes necessary at any time to vary the terms of offering thereof by reason of changes in general market conditions amend or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that supplement the Prospectus be supplemented or amendedto comply with any law, the Company promptly will forthwith prepare and file with the Commission a an appropriate amendment to the Registration Statement or supplement to the Prospectus so that the Prospectus as so amended or an amended Prospectus setting forth such variation. The Company authorizes supplemented will not, in the Underwriter and all dealers to whom any light of the Notes may circumstances when it is so delivered, be sold by misleading, or so that the Underwriter to use the Prospectus, as from time to time amended or supplemented, in connection Prospectus will comply with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such periodlaw.
(e) Prior The Company will, for a period of four years from the Closing Date, deliver to the filing thereof Placement Agent copies of annual reports and copies of all other documents, reports and information furnished by the Company to its stockholders or filed with any securities exchange pursuant to the requirements of such exchange or with the CommissionCommission pursuant to the Act or the Securities Exchange Act of 1934, the as amended. The Company will submit to you, for your information, a copy of any post-effective amendment deliver to the Registration Statement Placement Agent similar reports with respect to significant subsidiaries, as that term is defined in the Rules and any supplement to Regulations, which are not consolidated in the Prospectus or any amended Prospectus proposed to be filedCompany's financial statements.
(f) The Company will cooperatepay its expenses in connection with this Offering and the transactions contemplated herein, when including, but not limited to: the costs of preparing and as requested by youprinting the Registration Statement, in Preliminary Prospectus, Prospectus and the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky lawsstock certificates; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance 12 Dakix Xxxurities Corporation August ___, 1998 Page 12 issuance and delivery of its obligations under this Agreement the Shares; fees and expenses of legal counsel and independent accountants for the IndentureCompany; the cost and expenses in connection with Blue Sky or other securities filings, including all costs and expenses incident
(i) the preparation, printing and filing filings with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus Inc.; and the Form T-1 filed Placement Agent's legal fees up to a maximum of $50,000.
(g) The Placement Agent will pay all costs and expenses incurred by it in connection with the Notes Offering; provided, however, that the Company will on each Closing Date, reimburse the Placement Agent for its unreimbursed actual itemized out-of-pocket expenses incurred in connection with the Offering through such Closing Date.
(h) In consideration for the "Form T-1"), (ii) the furnishing services rendered to the Underwriter of copies of any Preliminary Prospectus Company in connection with the Offering, the Company will pay to you, on the Initial Closing Date, and each Additional Closing Date, a commission in an amount equal to six percent (6%) of the several documents required by paragraph aggregate sales proceeds of all Shares sold at such Closing Date; provided, however, that the Company will only be obligated to pay a commission in an amount equal to three percent (c3%) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered aggregate sales proceeds received from investors introduced to the Underwriter, Placement Agent by the Company. The $30,000 retainer that has previously been paid by the Company to you shall be subtracted from the amount due to you at the Initial Closing.
(ivi) In the preparation, printing and filing of all supplements and amendments event the Offering terminates or is terminated prior to the Prospectus referred Initial Closing Date, the Placement Agent shall be entitled to receive reimbursement only for its actual itemized out-of-pocket expenses incurred in paragraph (d) of this Section 6 and connection with the T-1Offering. After deducting any such expenses, (v) the furnishing Placement Agent shall return to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) Company any remaining funds from the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees$30,000 retainer.
(j) The Company agrees to reimburse you, for will apply the account net proceeds from the sale of the several Underwriter, for blue sky fees and related disbursements and costs of Shares in a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for manner consistent with the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASDRegistration Statement.
(k) During the Offering Period, the Company will maintain appropriate arrangements with the Escrow Agent for depositing funds received from subscribers for the Shares, as more fully described in Section 2 hereof. The Company hereby agrees thatwill use its best efforts to cause the Escrow Agent to make appropriate refunds of such funds in the event that such refunds are required to 13 Dakix Xxxurities Corporation August ___, without 1998 Page 13 be made in accordance with the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction Offering as described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.Registration Statement.
(l) The Company is familiar will comply with the Investment Company Act of 1940all registration, as amended, filing and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner reporting requirements which may from time to ensure that time be applicable to the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within under the meaning of the Investment Company Act of 1940Act, as amendedany applicable Blue Sky laws, and the rules and regulations thereunderof the National Association of Securities Dealers, Inc., and any other applicable securities laws.
(m) The Company will use commercially reasonable efforts to perform all things required or necessary to be done and performed under this Agreement by the Company prior to the Closing Date and to satisfy all conditions precedent to delivery of the Shares.
Appears in 1 contract
Samples: Placement Agent Agreement (Shaman Pharmaceuticals Inc)
Further Agreements of the Company. The Company covenants and agrees as followswith the Placement Agent that:
(a1) The Company will use its best efforts to cause the Registration Statement to become effective and will advise the Placement Agent promptly and, if requested by the Placement Agent, will confirm such advice in writing (i) prepare when the Registration Statement has become effective and timely file with when any amendment thereto becomes effective, (ii) of any request by the Commission under Rule 424(bor other governmental authority for amendments or supplements to the Registration Statement or Prospectus or for additional information, (iii) a Prospectus containing information previously omitted at of the time issuance by the Commission or other governmental authority of any stop order suspending the effectiveness of the Registration Statement in reliance on Rule 430A or the initiation of any proceedings for that purpose, and (iiiv) not file within the period of time referred to in Section IV (5) below, of the happening of any amendment to event which makes any statement made in the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing untrue or which is not requires the making of any additions to or changes in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for in order to make the statements therein not misleading. If at any additional information, (ii) the issuance by time the Commission of or other governmental authority issues any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof of such order at the earliest possible moment.
(c2) The Company will pay all expenses in connection with the delivery to the purchasers of the Debentures and all expenses in connection with the printing, preparation and filing of the Registration Statement (iincluding this Selling Agreement and all other exhibits to the Registration Statement) on and the Prospectus and any amendments or before supplements thereto.
(3) The Company will furnish to the Closing DatePlacement Agent, deliver to you a signed copy without charge, conformed copies of the Registration Statement as originally filed and of each any amendment thereto filed prior to the time the Registration Statement becomes effective andthereto, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, including exhibits.
(4) The Company will not file any amendment to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished or make any amendment or supplement to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may of which the Placement Agent shall not previously have been advised or with respect to which the Placement Agent promptly after being so advised reasonably request, shall object in writing.
(5) On the Effective Date and (iii) thereafter from time to time during for such period as in the period in which a prospectus opinion of counsel for the Placement Agent the Prospectus is required by law to be delivered in connection with sales by the Underwriter or dealerPlacement Agent, likewise send the Company will deliver to you the Placement Agent without charge as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus (and of any amended Prospectus, filed amendments or supplements thereto) as the Placement Agent may reasonably request. The Company consents to the use of the Prospectus (and of any amendments or supplements thereto) in accordance with the provisions of the Act and with the securities laws of the jurisdictions in which the Debentures are offered by the Company Placement Agent, both in connection with the Commission, offering or sale of the Debentures and for such period of time thereafter as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus Prospectus is required by law to be delivered by the Underwriter or dealer in connection therewith. If during such period of time any event relating to or affecting occurs which, in the Company, or judgement of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, or in the opinion of counsel for the Company or of counsel for the UnderwriterPlacement Agent, to supplement or amend should be set forth in the Prospectus in order to make the Prospectus not misleading statements therein, in the light of the circumstances existing at the time circumstance in which they were made, not misleading, or if it is delivered necessary to a purchaser of amend or supplement the NotesProspectus to comply with the Act or any other law, the Company will forthwith prepare and file with the Commission a an appropriate amendment or supplement thereto and will furnish to the Prospectus or an amended Prospectus so that Placement Agent, without charge, a reasonable number of copies thereof, which the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter Placement Agent shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such periodthereafter.
(e6) Prior to From the filing thereof with date hereof until one year after the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification termination of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with the date hereofOffering, the Company will furnish to you copies the Placement Agent (i) as soon as available, a copy of all periodic each report of the Company mailed to its Debenture holders or filed with the Commission, and special reports furnished (ii) from time to stockholders time, such other information concerning the business and financial condition of the Company as the Placement Agent may reasonably request.
(7) The Company shall promptly notify the Placement Agent of the filing of a registration statement with the Commission pursuant to Section 12 of the Securities Exchange Act of 1934, furnish the Placement Agent with a copy of such registration statement and promptly inform the Placement Agent of its effectiveness.
(8) The Company will apply the net proceeds from the sale of the Debentures in the manner set forth under the caption "Use of Proceeds" in the Prospectus, except where, as a result of events brought to its attention after the closing date, it is determined that such application would not be in the best interest of the Company and of all information, documents and reports filed with Commissionwould not violate any applicable law.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as followsagrees:
(a) The Company will (i) prepare and timely file the Prospectus with the Commission under pursuant to and in accordance with subparagraph (2) (or, if applicable and if consented to by Lehman, subparagraph (5)) of Rule 424(b) a Prospectus containing information previously omitted at not later than the time second business day following the execution and delivery of effectiveness this Agreement. The Company will advise CSFB promptly of the Registration Statement in reliance on any such filing pursuant to Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission424(b).
(b) The Company will promptly notify advise the Representatives in promptly of any proposal to amend or supplement the event Registration Statement or the Prospectus and will not effect such amendment or supplementation without the Representatives' prior consent, which consent shall not be unreasonably withheld; and the Company will also advise the Representatives promptly of (i) the request by the Commission for effectiveness of any amendment or supplementation of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) and of the issuance institution by the Commission of any stop order suspending the effectiveness proceedings in respect of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company Statement and will make every use its reasonable effort best efforts to prevent the issuance of any such a stop order andand to obtain as soon as possible its lifting, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing DateIf, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which when a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it Securities is necessaryrequired, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement be delivered under the Act in connection with sales by any Underwriter or amend the Prospectus in order to make the Prospectus not misleading in the light dealer, any event occurs as a result of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that which the Prospectus as so then amended or supplemented or amended will not contain any would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaserunder which they were made, not misleading. If, after the public offering of the Notes by the Underwriter and during or if it is necessary at any such period, the Underwriter shall propose time to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that amend the Prospectus be supplemented or amendedto comply with the Act, the Company will forthwith promptly notify the Representatives of such event and will promptly prepare and file with the Commission a Commission, at its own expense, an amendment or supplement to the Prospectus which will correct such statement or omission or an amended Prospectus setting forth amendment which will effect such variationcompliance. The Company authorizes Neither the Underwriter and all dealers to whom Representatives' consent to, nor the Underwriters' delivery of, any such amendment or supplement shall constitute a waiver of any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, conditions set forth in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such periodSection 7.
(ed) Prior to the filing thereof with the CommissionAs soon as practicable, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDED, HOWEVER, that the Company shall but not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the Notes.
(g) During a period of five years commencing with later than 16 months after the date hereof, the Company will furnish to you copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Datethis Agreement, the Company will make generally available to its security holders securityholders an earnings statement in accordance (which need not be audited) covering a period of at least 12 months beginning after the later of (i) the effective date of the most recent post-effective amendment to the Registration Statement to become effective prior to the date of this Agreement and (ii) the date of the Company's most recent Annual Report on Form 10- K filed with the Commission prior to the date of this Agreement, which will satisfy the provisions of Section 11(a) of the Act.
(e) The Company will furnish to the Representatives copies of the Registration Statement (three of which will be signed and will include all exhibits), each preliminary prospectus and preliminary prospectus supplement relating to the Securities, and, so long as delivery of a prospectus relating to the Securities is required to be delivered under the Act in connection with sales by any Underwriter or dealer, the Prospectus and Rule 158 thereunderall amendments and supplements to such documents, in each case as soon as available and in such quantities as the Representatives request. The Company will pay the expenses of printing and distributing to the Underwriters all such documents.
(f) The Company will arrange for the qualifications of the Securities for sale under the laws of such jurisdictions in the United States as the Representatives designate and will continue such qualifications in effect so long as required for the distribution, provided that, in connection therewith the Company shall not, with respect to any such jurisdiction, be required to qualify as a foreign corporation, to file a general consent to service of process or to take any other action that would subject it to service of process in suits other than those arising out of the offering of the Securities or to taxation in respect of doing business in any jurisdiction in which it is not other wise subject.
(g) During the period of three years hereafter, the Company will furnish to the Representatives and, upon request, to each of the Underwriters, as soon as practicable, after the end of each fiscal year, a copy of its annual report to stockholders for such year; and the Company will furnish to the Representatives as soon as available, a copy of each report and any definitive proxy statement of the Company filed with the Commission under the Exchange Act or mailed to stockholders.
(h) The Company will indemnify and hold harmless the Underwriters against any documentary, stamp or similar issuance tax, including any interest and penalties, on the issuance and sale of the Securities and on the execution and delivery of this Agreement. All payments to be made by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been re ceived if no withholding or deduction had been made.
(i) The Company agrees to pay all costs and expenses incident to shall apply the performance of its obligations under this Agreement and net proceeds from the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") sale of the Registration Statement, any Preliminary Notes as set forth in the Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's fees.
(j) The Company agrees No action has been or, prior to reimburse you, for the account completion of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account distribution of the Underwriter Securities, will be taken by the Company in any jurisdiction outside the United States that would permit a public offering of the Securities, or its counsel possession or distribution of the Prospectus, or any amendment or supplement thereto, or any related preliminary prospectus or preliminary prospectus supplement issued in qualifying connection with the Notes under state securities offering of the Securities, or blue sky lawsany other offering material, in conducting a legal investment survey and in the review of the offering by the NASDany country or jurisdiction where action for that purpose is required.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as followswith the Placement Agents that:
(a) If the Registration Statement has become effective and Rule 430A is used or the filing of the Prospectus is otherwise required under Rule 424(b), the Company will file the Prospectus (properly completed if Rule 430A has been used) pursuant to Rule 424(b) within the prescribed time period and will provide a copy of such filing to the Placement Agents promptly following such filing.
(b) From the date hereof through the Closing Date, the Company will not, file any amendment or supplement to the Registration Statement or the Prospectus, except as required by law, unless a copy thereof shall first have been submitted to the Placement Agents within a reasonable period of time prior to the filing thereof and the Placement Agents shall not have reasonably objected thereto in good faith.
(c) The Company will notify the Placement Agents promptly, and will, if requested, confirm such notification in writing, (i1) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file when any post-effective amendment to the Registration Statement or supplement to becomes effective, but only during the Prospectus period mentioned in Section 5(b); (2) of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives in the event of (i) the any request by the Commission for amendment of any amendments to the Registration Statement or for supplement any amendment or supplements to the Prospectus or for any additional information, but only during the period mentioned in Section 5(b); (ii3) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) Statement or the institution or notice of intended institution initiation of any action or proceeding proceedings for that purposepurpose or the threat thereof, but only during the period mentioned in Section 5(b); (iv4) of becoming aware of the occurrence of any event during the period mentioned in Section 5(b) that in the judgment of the Company makes any statement made in the Registration Statement or the Prospectus untrue in any material respect or that requires the making of any changes in the Registration Statement or the Prospectus in order to make the statements therein, in light of the circumstances in which they are made, not misleading; and (5) of receipt by the Company of any notification with respect to the any suspension of the qualification of the Notes Shares for offer and sale in any jurisdiction, or (v) . If at any time the receipt by it of notice Commission shall issue any order suspending the effectiveness of the initiation or threatening of any proceeding for such purpose. The Registration Statement in connection with the offering contemplated hereby, the Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at of any such order as soon as practicable. If the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of has omitted any information from the Registration Statement as originally filed and of each amendment thereto filed prior Statement, pursuant to the time the Registration Statement becomes effective andRule 430A, promptly upon the filing thereof, a signed copy of each post- effective amendment, if any, it will use its best efforts to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you), (ii) as promptly as possible deliver to you, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, likewise send to you as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company comply with the Commission, as you may reasonably request for provisions of and make all requisite filings with the purposes contemplated by Commission pursuant to said Rule 430A and to notify the Securities ActPlacement Agents promptly of all such filings.
(d) If If, at any time during from the period in which a prospectus is required by law to be delivered by date hereof through the Underwriter or dealer Closing Date, the Company becomes aware of the occurrence of any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessarythe Prospectus, as then amended or supplemented, would, in the opinion reasonable judgment of counsel for to the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain Placement Agents, include any untrue statement of a material fact or omit to state any a material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaserunder which they were made, not misleading. If, after or the public offering of the Notes by the Underwriter and during such periodRegistration Statement, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions as then amended or otherwisesupplemented, you will advise the Company in writing of the proposed variationwould, and, if in the opinion either reasonable judgment of counsel for to the Company or counsel to the Placement Agents, include any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein not misleading, or if for any other reason it is necessary, in the reasonable judgment of counsel for to the Underwriter such proposed variation requires that Company or counsel to the Placement Agents, at any time to amend or supplement the Prospectus be supplemented or amendedthe Registration Statement to comply with the Act or the Rules and Regulations, the Company will forthwith promptly notify the Placement Agents and, subject to Section 5(b) hereof, will promptly prepare and file with the Commission a Commission, at the Company’s expense, an amendment to the Registration Statement or an amendment or supplement to the Prospectus that corrects such statement or an amended Prospectus setting forth omission or effects such variationcompliance and will deliver to the Placement Agents, without charge, such number of copies thereof as the Placement Agents may reasonably request. The Company authorizes consents to the Underwriter and all dealers to whom any use of the Notes may be sold Prospectus or any amendment or supplement thereto by the Underwriter Placement Agents, and the Placement Agents agree to use provide to each Investor, prior to the ProspectusClosing, as from time to time amended or supplemented, in connection with the sale a copy of the Notes in accordance with the applicable provisions of the Securities Act Prospectus and the applicable rules and regulations thereunder for such periodany amendments or supplements thereto.
(e) Prior The Company will furnish to the filing thereof with the CommissionPlacement Agents and their counsel, the Company will submit to you, for your information, a without charge in New York City (i) one copy of any post-effective amendment to the Registration Statement Statement, including financial statements, and any supplement to all exhibits thereto and (ii) from the date hereof through the Closing Date, as many copies of each Preliminary Prospectus or the Prospectus or any amended Prospectus proposed to be filedamendment or supplement thereto as the Placement Agents may reasonably request.
(f) The Company will cooperate, when and as requested by you, comply with all the undertakings contained in the Registration Statement.
(g) Prior to the sale of the Shares to the Investors, the Company will cooperate with the Placement Agents and their counsel in connection with the registration or qualification of the Notes Shares for offer and sale under the state securities or blue sky Blue Sky laws of such jurisdictions as you the Placement Agent may designate and, during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky lawsreasonably request; PROVIDED, HOWEVERprovided, that in no event shall the Company shall not be obligated to file qualify to do business in any jurisdiction where it is not now so qualified or to take any action which would subject it to general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which where it is not now so qualified. subject.
(h) The Company will apply the net proceeds from time to time, prepare the offering and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution sale of the NotesShares in the manner set forth in the Prospectus under the caption “Use of Proceeds.”
(i) The Company will use its best efforts to ensure that the Shares are quoted on the NASDAQ at the time of the Closing.
(gj) During For a period of five three years commencing with from the date hereofClosing Date, the Company will furnish to you the Placement Agents, as soon as they are available, copies of all periodic and special reports or other communications (financial or other) furnished to stockholders all holders of the Company and of all informationCommon Stock, documents and other than any such reports or communications filed with Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the Indenture, including all costs and expenses incident
(i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing pursuant to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's feesCommission’s XXXXX system.
(j) The Company agrees to reimburse you, for the account of the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of the Underwriter, it will not, during the period ending ninety (90) days after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of Common Stock issued under the stock option and stock purchase plans of the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall be deemed to include any sale to an institution which can, following such sale, sell Common Stock to the public in reliance on Rule 144A.
(l) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later than the 45th day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Chase Securities Inc. on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 180 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, directly or indirectly, (1i) sell, offer, pledge, sell, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, Stock or (2ii) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stock, whether any such transaction described in clause (1i) or (2ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock stock option plans of the Company (the "Option Plans") or upon the exercise of warrants outstanding as of the date hereof, all as described through incorporation by reference under the caption "Capitalization" in the Preliminary Prospectus Prospectus, and (cC) shares of options to purchase Common Stock issued on conversion granted under the Option Plans, provided that, without the prior written consent of the Notes. For purposes of this paragraph (k)Chase Securities Inc., a sale, offer, or other disposition such options shall not be deemed to include any sale to an institution which can, following exercisable during such sale, sell Common Stock to the public in reliance on Rule 144A.180-day period.
(l) The Company is familiar with agrees to use its best efforts to cause all stockholders to agree that, without the Investment Company Act prior written consent of 1940Chase Securities Inc. on behalf of the Underwriters, as amendedsuch person or entity will not, and has in for a period of 180 days following the past conducted its affairscommencement of the public offering of the Stock by the Underwriters, and will in the future conduct its affairsdirectly or indirectly, (i) sell, offer, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase or otherwise transfer or dispose of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or any rights to purchase or acquire Common Stock or (ii) enter into any swap or other agreement that transfers, in whole or in part, any of the economic consequences or ownership of Common Stock, whether any such a manner transaction described in clause (i) or (ii) above is to ensure be settled by delivery of Common Stock or such other securities, in cash or otherwise. Notwithstanding the foregoing sentence, (x) up to 10% of the shares covered by this clause (l) shall be subject to early release on the date 90 days after the date of the Prospectus if the last reported sale price of the Stock on the Nasdaq National Market is greater than twice the initial public offering price per share for 20 of the 30 consecutive trading days prior to such date and (y) up to 20% of the shares covered by this clause (l) shall be subject to early release on the second trading day following the date that the Company was releases its earnings for the year ended December 31, 2000 if the last reported sale price of the Stock on the Nasdaq National Market is greater than twice the initial public offering price for 20 of the 30 consecutive trading days prior to such date; provided that such early releases shall be subject to the blackout periods -------- ---- set forth in the lock-up agreements to be signed by each stockholder.
(m) If at any time during the 25-day period after the Registration Statement becomes effective any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price for the Stock has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Prospectus), the Company will, after written notice from you advising the Company to the effect set forth above, to the extent practicable under the circumstances, consult with you in good faith concerning the substance of the decision whether or not to disseminate a press release or other public statement responding to or commenting on such rumor, publication or event, it being understood that the decision as to whether or not to disseminate any such press release or other public statement, the timing thereof and the substance thereof shall be within the sole and absolute discretion of the Company; it being further understood that nothing set forth in this paragraph shall require the Company to delay dissemination of any press release or other public statement in a manner that would violate applicable securities law or the requirements of the Nasdaq National Market.
(n) The Company is not and, after giving effect to the offering and sale of the Stock, will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Further Agreements of the Company. The Company covenants and agrees with the several Underwriters as follows:
(a) The Company will (i) prepare use its best efforts to cause the Registration Statement, and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted any amendment thereof, if not effective at the time of effectiveness execution of this Agreement, to become effective as promptly as possible. If the Registration Statement has become or becomes effective pursuant to Rule 430A, or filing of the Prospectus is otherwise required under Rule 424(b), the Company will file the Prospectus, properly completed (and in reliance on form and substance reasonably satisfactory to the Underwriters) pursuant to Rule 430A 424(b) within the time period prescribed and will provide evidence satisfactory to the Representative of such timely filing. The Company will not file the Prospectus, any amended Prospectus, any amendment (including post-effective amendments) to the Registration Statement or any supplement to the Prospectus without (i) advising the Representative of and, a reasonable time prior to the proposed filing of such amendment or supplement, furnishing the Representative with copies thereof and (ii) not obtaining the prior consent of the Representative to such filing. The Company will prepare and file with the Commission, promptly upon the request of the Representative, any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy that may be necessary or to which you shall have reasonably objected advisable in writing or which is not in compliance connection with the Securities Act or the rules and regulations distribution of the CommissionShares by the Underwriters and use its best efforts to cause the same to become effective as promptly as possible.
(b) The Company will promptly notify advise the Representatives in the event of Representative (i) when the Registration Statement becomes effective, (ii) when any post-effective amendment thereof becomes effective, (iii) of any request by the Commission for any amendment of or supplement to the Registration Statement or for supplement to the Prospectus or for any additional information, (iiiv) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) Statement or the institution or notice of intended institution threatening of any action or proceeding for that purpose, purpose and (ivv) of the receipt by the Company of any notification with respect to the suspension of the registration, qualification or exemption from registration or qualification of the Notes Shares for sale in any jurisdiction, jurisdiction or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort use its best efforts to prevent the issuance of any such a stop order or suspension and, if such an order shall at any time be issued, to obtain as soon as possible the withdrawal thereof at the earliest possible momentthereof.
(c) The Company will (i) on or before the Closing Date, deliver to you the Representative and to Underwriters' counsel a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless and to the extent previously furnished to you)the Representative) and all documents filed by the Company with the Commission under the Exchange Act and deemed to be incorporated by reference into any Preliminary Prospectus or the Prospectus and will also deliver to the Representative, for distribution to the several Underwriters, a sufficient number of additional conformed copies of each of the foregoing (excluding exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youeach of the Representative and send to the several Underwriters, at such office or offices as you the Representative may designate, as many copies of the Prospectus as you the Representative may reasonably request, request and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or a dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectus, filed by the Company with the Commission, as you the Representative may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the Underwriter, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser of the Notes, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the public offering of the Notes by the Underwriter and during such period, the Underwriter shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus setting forth such variation. The Company authorizes the Underwriter and all dealers to whom any of the Notes may be sold by the Underwriter to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus proposed to be filed.
(f) The Company will cooperate, when cooperate with the Representative and as requested by you, Underwriters' counsel in the qualification or registration of the Notes Shares for offer and sale under the securities or blue sky laws of such jurisdictions as you the Representative may designate and, if applicable, in connection with exemptions from such qualification or registration and, during the period in which a prospectus Prospectus is required by law to be delivered by the an Underwriter or a dealer, in keeping such qualifications qualifications, registrations and exemptions in good standing under said securities or blue sky lawseffect; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify to do business as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, reports and other documents as are or may be required to continue such qualifications qualifications, registrations and exemptions in effect for so long a period as you the Representative may reasonably request for the distribution of the NotesShares.
(gf) During a period of five years commencing with the date hereofof this Agreement, the Company will promptly furnish to you the Representative and to each Underwriter who may so request in writing copies of (i) all periodic and special reports furnished by it to stockholders shareholders of the Company and of Company, (ii) all information, documents and reports filed by it with the Commission, Nasdaq National Market, any securities exchange or the NASD, (iii) all press releases and material news items or articles in respect of the Company, its products or affairs released or prepared by the Company (other than promotional and marketing materials disseminated solely to customers and potential customers of the Company in the ordinary course of business) and (iv) any additional information concerning the Company or its business which the Representative may reasonably request.
(hg) Not As soon as practicable, but not later than the 45th day following the end of the fiscal quarter first occurring ending after the first anniversary of the Effective Date, the Company will make generally available to its security securities holders and furnish to the Representative an earnings statement or statements in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(h) The Company agrees that, without the Representative's prior written consent, the Company will not, and will not allow the Holders to, in each case directly or indirectly, issue, sell, offer, contract to sell, grant any option to purchase or otherwise dispose of any shares of Common Stock, or any securities convertible into, exchangeable for or exercisable for Common Stock or any rights to purchase or acquire Common Stock, for a period of 180 days following the date of this Agreement, excluding only (i) the sale of the Shares to be sold to the Underwriters pursuant to this Agreement and (ii) the grant of options to purchase Common Stock (provided that none of such options are or become exercisable during such 180-day period) or the issuance of shares of Common Stock upon the exercise in accordance with of options previously granted under the Company's presently authorized stock option plans as described in the Prospectus or in documents incorporated therein, or upon the exercise in accordance with their terms of previously granted warrants which are described in the Prospectus or in documents incorporated therein.
(i) The Company agrees to pay will establish and maintain all costs financial control and expenses incident to the performance of its obligations under this Agreement and the Indenturefinancial reporting systems customary for well- established public companies, including all costs but not limited to adequate management information and expenses incident
(i) the preparationreporting systems, printing and filing will employ and maintain, with the Commission adequate staffing levels at headquarters and the National Association at each significant Subsidiary or significant functional division, and at each level of Securities Dealersresponsibility, Inc. ("NASD") an employee staff of the Registration Statement, any Preliminary Prospectus, the Prospectus well trained and the Form T-1 filed in connection with the Notes (the "Form T-1"), (ii) the furnishing to the Underwriter of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the Underwriter, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-1, (v) the furnishing to you of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note certificates, including the transfer agent's feeshighly qualified financial professionals.
(j) The Company agrees to reimburse you, for will apply the account of net proceeds from the several Underwriter, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the Underwriter) paid offering received by or for the account of the Underwriter or its counsel in qualifying the Notes under state securities or blue sky laws, in conducting a legal investment survey and it in the review manner set forth under the caption "Use of Proceeds" in the offering by the NASDProspectus.
(k) The Company hereby agrees thatwill, without the prior written consent and at all times for a period of the Underwriter, it will not, during the period ending ninety (90) days at least five years after the date of the final Prospectus for the public offering, (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, or (2) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the foregoing provisions of this paragraph (k) shall not apply to (a) the Notes to be sold to the Underwriter pursuant to this Agreement, and (b) shares of unless such securities are then listed on a national securities exchange, use its best efforts to cause the Common Stock issued under (including the stock option Shares) to be included for listing on the Nasdaq National Market, and stock purchase plans the Company will comply with all registration, filing, reporting and other requirements of the Company (Exchange Act and the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock Plans, all as described through incorporation by reference in the Preliminary Prospectus and (c) shares of Common Stock issued on conversion of the Notes. For purposes of this paragraph (k), a sale, offer, or other disposition shall Nasdaq National Market which may from time to time be deemed to include any sale to an institution which can, following such sale, sell Common Stock applicable to the public in reliance on Rule 144A.Company.
(l) The Company is familiar will use commercially reasonable efforts to maintain insurance of the types and in the amounts which it deems adequate for its business consistent with insurance coverage maintained by companies of similar size and engaged in similar businesses including, but not limited to, general liability insurance covering all real and personal property owned or leased by the Company against theft, damage, destruction, acts of vandalism and all other risks customarily insured against.
(m) In accordance with the Investment Warrant Agreement, which the Company Act has executed and delivered, the Company agrees, upon its receipt of 1940, the purchase price therefor (as amended, and has specified in the past conducted its affairsWarrant Agreement), to deliver to Van Xxxxxx & Xompany (individually and will not as the Representative of the Underwriters) on the Closing Date and simultaneously with completion of the purchase and sale of the Firm Shares and on the date the Option Shares are purchased by the Underwriters pursuant to Section 2 of this Agreement, Warrants (in the future conduct its affairsform attached as Exhibit A to the Warrant Agreement) representing the right to purchase 150,000 shares of Common Stock at a price equal to 120% of the offering price per share to the public as set forth or to be set forth on the Cover Page of the Prospectus or in the Term Sheet.
(n) The Company will issue no press release prior to or within 70 days after the Closing Date without prior consultation with the Representative with respect to the contents thereof.
(o) Within a reasonable time after the Closing Date, in such a manner to ensure that the Company was not shall supply to the Representative and will not be an "investment company" or a company "controlled" its counsel, at the Company's cost, up to six bound volumes as requested by an "investment company" within such counsel each containing all material documents relating to the meaning offering of the Investment Company Act of 1940, as amended, and the rules and regulations thereunderShares.
Appears in 1 contract
Samples: Underwriting Agreement (Flour City International Inc)
Further Agreements of the Company. The Company covenants and agrees as follows:
(a) The Company will (i) prepare and timely file with the Commission under Rule 424(b) a Prospectus containing information previously omitted at the time of effectiveness of the Registration Statement in reliance on Rule 430A and (ii) not file any amendment to the Registration Statement or supplement to the Prospectus of which you shall not previously have been advised and furnished with a copy or to which you shall have reasonably objected in writing or which is not in compliance with the Securities Act or the rules and regulations of the Commission.
(b) The Company will promptly notify the Representatives each Underwriter in the event of (i) the request by the Commission for amendment of the Registration Statement or for supplement to the Prospectus or for any additional information, (ii) the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, (iii) the institution or notice of intended institution of any action or proceeding for that the purpose, (iv) the receipt by the Company of any notification with respect to the suspension of the qualification of the Notes Stock for sale in any jurisdiction, or (v) the receipt by it of notice of the initiation or threatening of any proceeding for such purpose. The Company will make every reasonable effort to prevent the issuance of such a stop order and, if such an order shall at any time be issued, to obtain the withdrawal thereof at the earliest possible moment.
(c) The Company will (i) on or before the Closing Date, deliver to you a signed copy of the Registration Statement as originally filed and of each amendment thereto filed prior to the time the Registration Statement becomes effective and, promptly upon the filing thereof, a signed copy of each post- post-effective amendment, if any, to the Registration Statement (together with, in each case, all exhibits thereto unless previously furnished to you)) and will also deliver to you, for distribution to the Underwriters, a sufficient number of additional conformed copies of each of the foregoing (but without exhibits) so that one copy of each may be distributed to each Underwriter, (ii) as promptly as possible deliver to youyou and send to the several Underwriters, at such office or offices as you may designate, as many copies of the Prospectus as you may reasonably request, and (iii) thereafter from time to time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, likewise send to you the Underwriters as many additional copies of the Prospectus and as many copies of any supplement to the Prospectus and of any amended Prospectusprospectus, filed by the Company with the Commission, as you may reasonably request for the purposes contemplated by the Securities Act.
(d) If at any time during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer any event relating to or affecting the Company, or of which the Company shall be advised in writing by you, shall occur as a result of which it is necessary, in the opinion of counsel for the Company or of counsel for the UnderwriterUnderwriters, to supplement or amend the Prospectus in order to make the Prospectus not misleading in the light of the circumstances existing at the time it is delivered to a purchaser purchase of the NotesStock, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus so that the Prospectus as so supplemented or amended will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time such Prospectus is delivered to such purchaser, not misleading. If, after the initial public offering of the Notes Stock by the Underwriter Underwriters and during such period, the Underwriter Underwriters shall propose to vary the terms of offering thereof by reason of changes in general market conditions or otherwise, you will advise the Company in writing of the proposed variation, and, if in the opinion either of counsel for the Company or of counsel for the Underwriter Underwriters such proposed variation requires that the Prospectus be supplemented or amended, the Company will forthwith prepare and file with the Commission a supplement to the Prospectus or an amended Prospectus prospectus setting forth such variation. The Company authorizes the Underwriter Underwriters and all dealers to whom any of the Notes Stock may be sold by the Underwriter several Underwriters to use the Prospectus, as from time to time amended or supplemented, in connection with the sale of the Notes Stock in accordance with the applicable provisions of the Securities Act and the applicable rules and regulations thereunder for such period.
(e) Prior to the filing thereof with the Commission, the Company will submit to you, for your information, a copy of any post-post- effective amendment to the Registration Statement and any supplement to the Prospectus or any amended Prospectus prospectus proposed to be filed.
(f) The Company will cooperate, when and as requested by you, in the qualification of the Notes Stock for offer and sale under the securities or blue sky laws of such jurisdictions as you may designate and, during the period in which a prospectus is required by law to be delivered by the an Underwriter or dealer, in keeping such qualifications in good standing under said securities or blue sky laws; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified. The Company will will, from time to time, prepare and file such statements, reports, and other documents as are or may be required to continue such qualifications in effect for so long a period as you may reasonably request for distribution of the NotesStock.
(g) During a period of five years commencing with the date hereof, the Company will furnish to you you, and to each Underwriter who may so request in writing, copies of all periodic and special reports furnished to stockholders of the Company and of all information, documents and reports filed with the Commission.
(h) Not later late than the 45th 45/th/ day following the end of the fiscal quarter first occurring after the first anniversary of the Effective Date, the Company will make generally available to its security holders an earnings statement in accordance with Section 11(a) of the Securities Act and Rule 158 thereunder.
(i) The Company agrees to pay all costs and expenses incident to the performance of its obligations under this Agreement and the IndentureAgreement, including all costs and expenses incident
incident to (i) the preparation, printing and filing with the Commission and the National Association of Securities Dealers, Inc. ("NASD") of the Registration Statement, any Preliminary Prospectus, the Prospectus and the Form T-1 filed in connection with the Notes (the "Form T-1")Prospectus, (ii) the furnishing to the Underwriter Underwriters of copies of any Preliminary Prospectus and of the several documents required by paragraph (c) of this Section 6 to be so furnished, (iii) the printing of this Agreement and related documents delivered to the UnderwriterUnderwriters, (iv) the preparation, printing and filing of all supplements and amendments to the Prospectus referred to in paragraph (d) of this Section 6 and the T-16, (v) the furnishing to you and the Underwriters of the reports and information referred to in paragraph (g) of this Section 6 and (vi) the printing and issuance of the Indenture and the note stock certificates, including the transfer agent's fees.
(j) The Company agrees to reimburse you, for the account of the several UnderwriterUnderwriters, for blue sky fees and related disbursements and costs of a legal investment survey (including counsel fees and disbursements and cost of printing memoranda for the UnderwriterUnderwriters) paid by or for the account of the Underwriter Underwriters or its their counsel in qualifying the Notes Stock under state securities or blue sky laws, in conducting a legal investment survey laws and in the review of the offering by the NASD.
(k) The Company hereby agrees that, without the prior written consent of Xxxxxxxxx & Xxxxx LLC on behalf of the UnderwriterUnderwriters, it the Company will not, during for a period of 90 days following the period ending ninety (90) days after the date commencement of the final Prospectus for public offering of the public offeringStock by the Underwriters, directly or indirectly, (1x) sell, offer, pledge, sell, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, purchase or otherwise transfer or dispose of, directly or indirectly, of any shares of Common Stock or any securities convertible into or exchangeable or exercisable for or exchangeable for any rights to purchase or acquire Common Stock, Stock or (2y) enter into any swap or similar other agreement that transfers, in whole or in part, any of the economic risk of consequences or ownership of Common Stock, whether any such transaction described in clause (1x) or (2y) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise; PROVIDED, HOWEVER, that the . The foregoing provisions of this paragraph (k) sentence shall not apply to (aA) the Notes Stock to be sold to the Underwriter Underwriters pursuant to this Agreement, and (bB) shares of Common Stock issued under the stock option and stock purchase plans of by the Company (the "Stock Plans"), including Common Stock issued upon the exercise of options granted under the Stock stock option plans of the Company (the "Option Plans") or upon the exercise of warrants outstanding as of the date hereof, all as described through incorporation by reference in footnote (degree) to the table under the caption "Capitalization" in the Preliminary Prospectus Prospectus, and (cC) options to purchase Common Stock granted under the Option Plans.
(l) The Company agrees to use its best efforts to cause all directors and officers to agree that, without the prior written consent of Xxxxxxxxx & Xxxxx LLC on behalf of the Underwriters, such person or entity will not, for a period of [90] days following the commencement of the public offering of the Stock by the Underwriters, directly or indirectly, (i) sell, offer, contract to sell, make any short sale, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase or otherwise transfer or dispose of any shares of Common Stock issued on conversion or any securities convertible into or exchangeable or exercisable for or any rights to purchase or acquire Common Stock or (ii) enter into any swap or other agreement that transfers, in whole or in part, any of the Notes. For purposes economic consequences or ownership of this paragraph Common Stock, whether any such transaction described in clause (k), a sale, offer, i) or other disposition shall (ii) above is to be deemed to include any sale to an institution which can, following such sale, sell settled by delivery of Common Stock to the public or such other securities, in reliance on Rule 144A.cash or otherwise.
(lm) The Company is familiar with the Investment Company Act of 1940, as amended, and has in the past conducted its affairs, and will in the future conduct its affairs, in such a manner to ensure that the Company was not and will not be an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.
Appears in 1 contract
Samples: Underwriting Agreement (Magainin Pharmaceuticals Inc)