EXHIBIT 4.2
EXECUTION COPY
REGISTRATION RIGHTS AGREEMENT
Dated as of March 18, 2002
By and Among
COMPUTER ASSOCIATES INTERNATIONAL, INC.
as Issuer
and
BANC OF AMERICA SECURITIES LLC
XXXXXXX XXXXX XXXXXX INC.
ABN AMRO ROTHSCHILD LLC
MIZUHO INTERNATIONAL PLC
XXXXXXXXX XXXXXXXX, INC.
RBC XXXX XXXXXXXX INC.
TOKYO-MITSUBISHI INTERNATIONAL PLC
as Initial Purchasers
5% Convertible Senior Notes due 2007
TABLE OF CONTENTS
Page
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1. Definitions..............................................................1
2. Shelf Registration.......................................................4
3. Additional Amounts.......................................................7
4. Registration Procedures..................................................8
5. Registration Expenses...................................................12
6. Indemnification.........................................................13
7. Rules 144 and 144A......................................................16
8. Miscellaneous...........................................................17
REGISTRATION RIGHTS AGREEMENT
This
Registration Rights Agreement (the "AGREEMENT") is dated as of
March 18, 2002, by and among COMPUTER ASSOCIATES INTERNATIONAL, INC., a Delaware
corporation (the "COMPANY"), BANC OF AMERICA SECURITIES LLC, XXXXXXX XXXXX
XXXXXX INC., ABN AMRO ROTHSCHILD LLC, MIZUHO INTERNATIONAL PLC, XXXXXXXXX
XXXXXXXX, INC., RBC XXXX XXXXXXXX INC. and TOKYO-MITSUBISHI INTERNATIONAL PLC
(the "INITIAL PURCHASERS").
This Agreement is entered into in connection with the Purchase
Agreement, dated March 13, 2002 (the "PURCHASE AGREEMENT"), by and among the
Company and the Initial Purchasers, which provides for the sale by the Company
to the Initial Purchasers of $600,000,000 aggregate principal amount of the
Company's 5% Convertible Senior Notes due 2007 (the "FIRM NOTES"), which are
convertible into Common Stock of the Company, par value $.10 per share (the
"UNDERLYING SHARES"), plus up to an additional $60,000,000 aggregate principal
amount of the same that the Initial Purchasers may subsequently elect to
purchase pursuant to the terms of the Purchase Agreement (the "ADDITIONAL NOTES"
and, together with the Firm Notes, the "CONVERTIBLE NOTES"). The Convertible
Notes are being issued pursuant to an indenture dated as of the date hereof (the
"INDENTURE") between the Company and the State Street Bank and Trust Company, as
Trustee.
In order to induce the Initial Purchasers to enter into the Purchase
Agreement, the Company has agreed to provide the registration rights set forth
in this Agreement for the benefit of the Initial Purchasers and any subsequent
holder or holders of the Convertible Notes or Underlying Shares. The execution
and delivery of this Agreement is a condition to the Initial Purchasers'
obligation to purchase the Firm Notes under the Purchase Agreement.
The parties hereby agree as follows:
1. DEFINITIONS.
As used in this Agreement, the following terms shall have the
following meanings:
ADDITIONAL AMOUNTS PAYMENT DATE: See Section 3(c) hereof.
ADDITIONAL AMOUNTS: See Section 3(a) hereof.
ADDITIONAL NOTES: See the second introductory paragraph hereto.
AGREEMENT: See the first introductory paragraph hereto.
AMENDMENT EFFECTIVENESS DEADLINE DATE: See Section 2(d) hereof.
AMOUNT OF REGISTRABLE SECURITIES: (a) With respect to Convertible
Notes constituting Registrable Securities, the aggregate principal amount of all
such Convertible Notes outstanding, (b) with respect to Underlying Shares
constituting Registrable Securities,
the aggregate number of such Underlying Shares outstanding multiplied by the
Conversion Price (as defined in the Indenture) in effect at the time of
computing the Amount of Registrable Securities or, if no such Convertible Notes
are then outstanding, the last Conversion Price that was in effect under the
Indenture when any such Convertible Notes were last outstanding, and (c) with
respect to combinations thereof, the sum of (a) and (b) for the relevant
Registrable Securities.
BLUE SKY LAWS: State securities or "blue sky" laws.
BUSINESS DAY: Any day that is not a Saturday, Sunday or a day on which
banking institutions in
New York are authorized or required by law to be closed.
CLOSING DATE: March 18, 2002.
COMPANY: See the first introductory paragraph hereto.
CONVERTIBLE NOTES: See the second introductory paragraph hereto.
DEPOSITARY: The Depository Trust Company until a successor is
appointed by the Company.
EFFECTIVENESS DATE: The 270th day after the Closing Date.
EFFECTIVENESS PERIOD: See Section 2(a) hereof.
EXCHANGE ACT: The Securities Exchange Act of 1934, as amended, and the
rules and regulations of the SEC promulgated thereunder.
FILING DATE: The 180th day after the Closing Date.
FIRM NOTES: See the second introductory paragraph hereto.
HOLDER: Any holder of Registrable Securities.
INDEMNIFIED HOLDER: See Section 6 hereof.
INDEMNIFIED PERSON: See Section 6 hereof.
INDEMNIFYING PERSON: See Section 6 hereof.
INDENTURE: See the second introductory paragraph hereto.
INITIAL PURCHASERS: See the first introductory paragraph hereto.
INITIAL SHELF REGISTRATION: See Section 2(a) hereof.
INITIAL SHELF REGISTRATION STATEMENT: See Section 2(a) hereof.
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INSPECTORS: See Section 4(l) hereof.
LOSSES: See Section 6 hereof.
NEW REQUIREMENTS: See Section 2(a) hereof.
NASD: See Section 4(o) hereof.
NOTICE AND QUESTIONNAIRE: A written notice delivered to the Company
containing substantially the information called for by the Form of Selling
Securityholder Notice and Questionnaire attached as Annex A to the Offering
Circular of the Company dated March 13, 2002 relating to the Convertible Notes.
NOTICE HOLDER: On any date, any Holder that has delivered a Notice and
Questionnaire to the Company at least 5 Business Days prior to such date.
PERSON: An individual, partnership, corporation, limited liability
company, unincorporated association, trust or joint venture, or a governmental
agency or political subdivision thereof.
PROSPECTUS: The prospectus included in any Registration Statement
(including, without limitation, any prospectus subject to completion and a
prospectus that includes any information previously omitted from a prospectus
filed as part of an effective registration statement in reliance upon Rule 430A
promulgated under the Securities Act), as amended or supplemented by any
prospectus supplement, and all other amendments and supplements to the
Prospectus, including post-effective amendments, and all material incorporated
by reference or deemed to be incorporated by reference in such Prospectus.
PURCHASE AGREEMENT: See the second introductory paragraph hereto.
RECORDS: See Section 4(l) hereof.
REGISTRABLE SECURITIES: All Convertible Notes and all Underlying
Shares upon original issuance thereof and at all times subsequent thereto until
the earliest to occur of (i) a Registration Statement covering such Convertible
Notes and Underlying Shares having been declared effective by the SEC and such
Convertible Notes and Underlying Shares having been disposed of in accordance
with such effective Registration Statement, (ii) such Convertible Notes and
Underlying Shares having been sold in compliance with Rule 144, (iii) such
Convertible Notes and any Underlying Shares ceasing to be outstanding and (iv)
the date that is two years from the Closing Date. For purposes of this
definition, Underlying Shares shall not include shares of Common Stock of the
Company issued upon conversion of Convertible Notes that were previously
disposed of in accordance with an effective Registration Statement or with Rule
144.
REGISTRATION DEFAULT: See Section 3(a) hereof.
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REGISTRATION STATEMENT: Any registration statement of the Company
filed with the SEC pursuant to the provisions of this Agreement, including the
Prospectus, amendments and supplements to such registration statement, including
post-effective amendments, all exhibits and all material incorporated by
reference or deemed to be incorporated by reference in such registration
statement.
RULE 144: Rule 144 promulgated under the Securities Act, as such rule
may be amended from time to time, or any similar rule (other than Rule 144A) or
regulation hereafter adopted by the SEC providing for offers and sales of
securities made in compliance therewith resulting in offers and sales by
subsequent holders that are not affiliates of an issuer of such securities being
free of the registration and prospectus delivery requirements of the Securities
Act.
RULE 144A: Rule 144A promulgated under the Securities Act, as such
rule may be amended from time to time, or any similar rule (other than Rule 144)
or regulation hereafter adopted by the SEC.
RULE 415: Rule 415 promulgated under the Securities Act, as such rule
may be amended from time to time, or any similar rule or regulation hereafter
adopted by the SEC.
SEC: The Securities and Exchange Commission.
SECURITIES ACT: The Securities Act of 1933, as amended, and the rules
and regulations of the SEC promulgated thereunder.
SHELF REGISTRATION: See Section 2(b) hereof.
SHELF REGISTRATION STATEMENT: See Section 2(b) hereof.
SUBSEQUENT SHELF REGISTRATION: See Section 2(b) hereof.
SUSPENSION PERIOD: See Section 3(b) hereof.
TIA: The Trust Indenture Act of 1939, as amended, and the rules and
regulations of the SEC promulgated thereunder.
TRUSTEE: The Trustee under the Indenture.
UNDERLYING SHARES: See the second introductory paragraph hereto.
2. SHELF REGISTRATION.
(a) SHELF REGISTRATION. The Company shall file with the SEC a
Registration Statement (the "INITIAL SHELF REGISTRATION STATEMENT") for an
offering to be made on a continuous basis pursuant to Rule 415 covering all of
the Registrable Securities (the "INITIAL SHELF REGISTRATION") on or prior to the
Filing Date. The Initial Shelf Registration shall be on Form S-3 or another
appropriate form permitting registration of such Registrable Securities
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for resale by Holders in the manner or manners designated by them (including,
without limitation, one or more underwritten offerings). The Company shall not
permit any securities other than Registrable Securities to be included in the
Initial Shelf Registration or any Subsequent Shelf Registration (as defined
below).
The Company shall use its reasonable efforts to cause the Initial
Shelf Registration to be declared effective under the Securities Act as soon as
practicable after such Initial Shelf Registration is filed and, in any event, on
or prior to the Effectiveness Date and to keep such Initial Shelf Registration
continuously effective under the Securities Act until the earlier of when (i)
all the Registrable Securities are registered under the Shelf Registration (as
defined below) and have been disposed of in the manner set forth and as
contemplated therein, (ii) all the Registrable Securities have been resold
pursuant to Rule 144 under the Securities Act, (iii) all the Registrable
Securities cease to be outstanding and (iv) two years have passed from the
Closing Date (such shortest period being called the "EFFECTIVENESS PERIOD").
No Holder of Registrable Securities may include any of its Registrable
Securities in any Shelf Registration pursuant to this Agreement unless and until
such Holder becomes a Notice Holder and, in the case that requirements under the
Securities Act are changed after the date of this Agreement (all such
requirements, the "NEW REQUIREMENTS"), furnishes to the Company, upon request by
the Company, any additional information pursuant to the New Requirements
concerning such Holder required to be included in any Shelf Registration
Statement or Prospectus included therein. Each Holder of Registrable Securities
as to which any Shelf Registration Statement is being effected agrees to furnish
promptly to the Company all information required to be disclosed so that the
information previously furnished to the Company by such Holder is not materially
misleading and does not omit to state a material fact required to be stated
therein or necessary in order to make the statements therein not misleading in
the light of the circumstances under which they were made. Subject to the
foregoing, at the time the Initial Shelf Registration Statement is declared
effective, each Holder that became a Notice Holder at the time of effectiveness
shall be named as a selling securityholder in the Initial Shelf Registration
Statement and the related Prospectus in such a manner as to permit such Holder
to deliver such Prospectus to purchasers of Registrable Securities in accordance
with applicable law. None of the Company's securityholders (other than Holders
of Registrable Securities) shall have the right to include any of the Company's
securities in the Shelf Registration Statement.
(b) SUBSEQUENT SHELF REGISTRATIONS. If the Initial Shelf
Registration or any Subsequent Shelf Registration ceases to be effective for any
reason at any time during the Effectiveness Period (other than because of the
sale of all of the securities registered thereunder), the Company shall use its
reasonable efforts to obtain the prompt withdrawal of any order suspending the
effectiveness thereof, and in any event shall within 45 days of such cessation
of effectiveness amend the Initial Shelf Registration or any Subsequent Shelf
Registration, as the case may be, in a manner to obtain the withdrawal of the
order suspending the effectiveness thereof, or file an additional "shelf"
Registration Statement pursuant to Rule 415 covering all of the Registrable
Securities (a "SUBSEQUENT SHELF REGISTRATION"). If a Subsequent Shelf
Registration is filed, the Company shall use its reasonable efforts to cause the
Subsequent Shelf Registration to be declared effective under the Securities Act
as soon as
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practicable after such filing and to keep such Registration Statement
continuously effective for a period equal to the number of days in the
Effectiveness Period. As used herein the term "SHELF REGISTRATION" means the
Initial Shelf Registration and any Subsequent Shelf Registration and the term
"SHELF REGISTRATION STATEMENT" means any Registration Statement filed in
connection with a Shelf Registration.
(c) SUPPLEMENTS AND AMENDMENTS. The Company shall promptly
supplement and amend the Shelf Registration if required by the rules,
regulations or instructions applicable to the registration form used for SUCH
Shelf Registration, if required by the Securities Act, or if reasonably
requested by the Holders of the majority in Amount of Registrable Securities
covered by such Registration Statement; PROVIDED, HOWEVER, that the Company
shall not be required to supplement or amend any Shelf Registration upon the
request of a Holder if such requested supplement or amendment would, in the good
faith judgment of the Company, violate the Securities Act, the Exchange Act or
the rules and regulations promulgated thereunder.
(d) HOLDER PROCEDURES. Each Holder of Registrable Securities wishing
to sell Registrable Securities pursuant to a Shelf Registration Statement and
related Prospectus agrees to deliver a Notice and Questionnaire to the Company
at least 5 Business Days prior to any intended distribution of Registrable
Securities under the Shelf Registration Statement. From and after the date the
Initial Shelf Registration Statement is declared effective, the Company shall,
as promptly as practicable after the date a Notice and Questionnaire is
delivered, and in any event upon the later of (x) 5 Business Days after such
date or (y) 5 Business Days after the expiration of any Suspension Period in
effect when the Notice and Questionnaire is delivered or put into effect within
5 Business Days of such delivery date, (i) if required by applicable law, file
with the SEC a post-effective amendment to the Shelf Registration Statement or
prepare and, if required by applicable law, file a supplement to the related
Prospectus or a supplement or amendment to any document incorporated therein by
reference or file any other document required under the Securities Act so that
the Holder delivering such Notice and Questionnaire is named as a selling
securityholder in the Shelf Registration Statement and the related Prospectus in
such a manner as to permit such Holder to deliver such Prospectus to purchasers
of the Registrable Securities in accordance with applicable law and, if the
Company shall file a post-effective amendment to the Shelf Registration
Statement, use its reasonable efforts to cause such post-effective amendment to
be declared effective under the Securities Act as promptly as is practicable,
but in any event by the date (the "AMENDMENT EFFECTIVENESS DEADLINE DATE") that
is 45 days after the date such post-effective amendment is required by this
clause to be filed; (ii) provide such Holder copies of any documents filed
pursuant to Section 2(d)(i); and (iii) notify such Holder as promptly as
practicable after the effectiveness under the Securities Act of any
post-effective amendment filed pursuant to Section 2(d)(i); provided, that if
such Notice and Questionnaire is delivered during a Suspension Period, the
Company shall so inform the Holder delivering such Notice and Questionnaire and
shall take the actions set forth in clauses (i), (ii) and (iii) above upon
expiration of the Suspension Period. Notwithstanding anything contained herein
to the contrary, (i) the Company shall be under no obligation to name any Holder
that is not a Notice Holder as a selling securityholder in any Registration
Statement or related Prospectus and (ii) the Amendment Effectiveness Deadline
Date shall be extended by up to 10 Business Days
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from the expiration of a Suspension Period (and the Company shall incur no
obligation to pay Additional Amounts during such extension) if such Suspension
Period shall be in effect on the Amendment Effectiveness Deadline Date;
provided, that after the date that is 270 days of the date of effectiveness of
the Initial Shelf Registration Statement, the Company shall not be obligated to
file more than one post-effective amendment or supplement in any 30-day period
for the purpose of naming Holders as selling securityholders who were not so
named in the Initial Shelf Registration Statement at the time of effectiveness.
3. ADDITIONAL AMOUNTS.
(a) The Company and the Initial Purchasers agree that the Holders of
Registrable Securities will suffer damages if the Company fails to fulfill its
obligations under Section 2 hereof and that it would not be feasible to
ascertain the extent of such damages with precision. Accordingly, the Company
agrees to pay additional amounts on the Registrable Securities ("ADDITIONAL
AMOUNTS") under the circumstances and to the extent set forth below (each of
which shall be given independent effect; each a "REGISTRATION DEFAULT"):
(i) if the Initial Shelf Registration is not filed on or prior to
the Filing Date, then commencing on the day after the Filing Date,
Additional Amounts shall accrue on the Registrable Securities at a rate of
0.25% per annum on the Amount of Registrable Securities;
(ii) if the Initial Shelf Registration is not declared effective by
the SEC on or prior to the Effectiveness Date, then commencing on the day
after the Effectiveness Date, Additional Amounts shall accrue on the
Registrable Securities at a rate of 0.5% per annum on the Amount of
Registrable Securities; and
(iii) if a Shelf Registration has been declared effective and such
Shelf Registration ceases to be effective at any time during the
Effectiveness Period (other than as permitted under Section 3(b)), then
commencing on the day after such cessation of effectiveness Additional
Amounts shall accrue on the Registrable Securities at a rate of 0.5% per
annum on the Amount of Registrable Securities;
PROVIDED, HOWEVER, that Additional Amounts on the Registrable Securities may not
accrue under more than one of the foregoing clauses (i), (ii) or (iii) at any
one time; PROVIDED, FURTHER, HOWEVER, that (1) upon the filing of the Shelf
Registration as required hereunder (in the case of clause (a)(i) of this Section
3), (2) upon the effectiveness of the Shelf Registration as required hereunder
(in the case of clause (a)(ii) of this Section 3) or (3) upon the effectiveness
of a Shelf Registration which had ceased to remain effective (in the case of
clause (a)(iii) of this Section 3), Additional Amounts on the Registrable
Securities as a result of such clause (or the relevant subclause thereof), as
the case may be, shall cease to accrue. It is understood and agreed that,
notwithstanding any provision to the contrary, so long as any Registrable
Security is then covered by an effective Shelf Registration Statement, no
Additional Amounts shall accrue on such Registrable Security. No Holder of
Registrable Securities shall be entitled to Additional Amounts pursuant this
Section 3 until such Holder is a Notice Holder and until
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such Holder shall have provided all information required to be provided by such
Holder to the Company pursuant to Section 2(a) hereof.
(b) Notwithstanding paragraph (a) of this Section 3, the Company
shall be permitted to suspend the effectiveness of a Shelf Registration for up
to 30 consecutive days (a "SUSPENSION PERIOD") in any 90-day period without
being required to pay Additional Amounts. The aggregate duration of any
Suspension Periods shall not, without incurring any obligation to pay Additional
Amounts, exceed 90 days in any 365-day period.
(c) So long as Convertible Notes remain outstanding, the Company
shall notify the Trustee within three Business Days after each and every date on
which an event occurs in respect of which Additional Amounts is required to be
paid. Any amounts of Additional Amounts due pursuant to clause (a)(i), (a)(ii)
or (a)(iii) of this Section 3 will be payable in cash semi-annually on each
March 15 and September 15 (each an "ADDITIONAL AMOUNTS PAYMENT DATE"),
commencing with the first such date occurring after any such Additional Amounts
commences to accrue, to Holders to whom regular interest is payable on such
Additional Amount Payment Date with respect to Convertible Notes that are
Registrable Securities and to Persons that are registered Holders on March 1 or
September 1 preceding such Additional Amount Payment Date with respect to
Underlying Shares that are Registrable Securities. The amount of Additional
Amounts for Registrable Securities will be determined by multiplying the rate of
Additional Amounts by the Amount of Registrable Securities outstanding on the
Additional Amount Payment Date following such Registration Default in the case
of the first such payment of Additional Amounts with respect to a Registration
Default and thereafter at the next succeeding Additional Amount Payment Date
until the cure of such Registration Default.
4. REGISTRATION PROCEDURES.
In connection with the filing of any Registration Statement pursuant
to Section 2 hereof, the Company shall effect such registrations to permit the
resale of the securities covered thereby in accordance with the intended method
or methods of disposition thereof, and pursuant thereto and in connection with
any Registration Statement filed by the Company hereunder the Company shall:
(a) Prepare and file with the SEC prior to the Filing Date, a
Registration Statement or Registration Statements as prescribed by Section 2
hereof, and use its reasonable efforts to cause each such Registration Statement
to become effective and remain effective as provided herein; PROVIDED, HOWEVER,
that before filing any Registration Statement or Prospectus or any amendments or
supplements thereto, the Company shall, upon request of any Holder of
Registrable Securities covered by such Registration Statement furnish to and
afford such Holder and such Holder's counsel, if any, a reasonable opportunity
to review copies of all such documents proposed to be filed (in each case, where
possible, at least five Business Days prior to such filing, or such later date
as is reasonable under the circumstances), and shall incorporate into such
filings such comments and changes as may be reasonably requested by such
persons. The provisions of this paragraph (a) shall not apply to the filing by
the Company of annual, quarterly or current reports, or proxy statements or
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schedules under the Exchange Act. The Company shall not file any Registration
Statement or Prospectus or any amendments or supplements thereto if Holders of a
majority in Amount of Registrable Securities covered by such Registration
Statement or their counsel, shall reasonably object.
(b) Prepare and file with the SEC such amendments and post-effective
amendments to each Shelf Registration Statement as may be necessary to keep such
Registration Statement continuously effective for the Effectiveness Period;
cause the related Prospectus to be supplemented by any prospectus supplement
required by applicable law, and as so supplemented to be filed pursuant to Rule
424 (or any similar provisions then in force) promulgated under the Securities
Act; and comply with the provisions of the Securities Act and the Exchange Act
applicable to it with respect to the disposition of all securities covered by
such Registration Statement as so amended or in such Prospectus as so
supplemented. Except as provided in Section 3(b), the Company shall be deemed
not to have used its reasonable efforts to keep a Registration Statement
effective during the Effectiveness Period if it voluntarily takes any action
that would result in selling Holders of the Registrable Securities covered
thereby that are Notice Holders not being able to sell such Registrable
Securities during that period unless such action is required by applicable law
or unless the Company complies with this Agreement, including, without
limitation, the provisions of Sections 2(b) and 4(l) hereof.
(c) Notify the applicable selling Holders of Registrable Securities
and their counsel promptly (but in any event within three Business Days) and
confirm such notice in writing, (i) when a Prospectus or any prospectus
supplement or post-effective amendment has been filed, and, with respect to a
Registration Statement or any post-effective amendment, when the same has become
effective under the Securities Act, (ii) of the issuance by the SEC of any stop
order suspending the effectiveness of a Registration Statement or of any order
preventing or suspending the use of any preliminary prospectus or the initiation
of any proceedings for that purpose, (iii) of the happening of any event, the
existence of any condition or any information becoming known that makes any
statement made in a Registration Statement or related Prospectus or any document
incorporated or deemed to be incorporated therein by reference untrue in any
material respect or that requires the making of any changes in or amendments or
supplements to a Registration Statement, Prospectus or documents so that, in the
case of a Registration Statement, 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 to make the statements therein not misleading, and that in the case
of a Prospectus, 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 to
make the statements therein, in the light of the circumstances under which they
were made, not misleading, and (iv) of the Company's determination that a
post-effective amendment to a Registration Statement would be appropriate.
(d) Use its reasonable efforts to prevent the issuance of any order
suspending the effectiveness of a Registration Statement or of any order
preventing or suspending the use of a Prospectus and, if any such order is
issued, to use its reasonable efforts to obtain the withdrawal of any such order
at the earliest possible time.
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(e) Furnish to each selling Holder of Registrable Securities, a
single counsel to such Holders (chosen in accordance with Section 5(b)), at the
sole expense of the Company, one conformed copy of the Registration Statement or
Registration Statements and each post-effective amendment thereto, including
financial statements and schedules, and, if requested, all documents
incorporated or deemed to be incorporated therein by reference and all exhibits.
(f) Deliver to each selling Holder of Registrable Securities and a
single counsel to such Holders (chosen in accordance with Section 5(b)), at the
sole expense of the Company, as many copies of the Prospectus (including each
form of preliminary prospectus) and each amendment or supplement thereto and any
documents incorporated by reference therein as such Persons may reasonably
request; and, subject to the second paragraph of Section 4(r) hereof, the
Company hereby consents to the use of such Prospectus and each amendment or
supplement thereto by each of the selling Holders of Registrable Securities in
connection with the offering and sale of the Registrable Securities covered by
such Prospectus and any amendment or supplement thereto.
(g) Prior to any public offering of Registrable Securities, to use
its reasonable efforts to register or qualify, to the extent required by
applicable law, and to cooperate with the selling Holders of Registrable
Securities and their respective counsel in connection with the registration or
qualification (or exemption from such registration or qualification) of such
Registrable Securities or offer and sale under the Blue Sky Laws of such
jurisdictions within the United States as any selling Holder reasonably request
and to cause the Company's counsel to perform Blue Sky investigations and file
registrations and qualifications required to be filed pursuant to this Section
4(g); keep each such registration or qualification (or exemption therefrom)
effective during the period such Registration Statement is required to be kept
effective and do any and all other acts or things reasonably necessary or
advisable to enable the disposition in such jurisdictions of the Registrable
Securities covered by the applicable Registration Statement; PROVIDED, HOWEVER,
that the Company shall not be required to (A) qualify generally to do business
in any jurisdiction where it is not then so qualified, (B) take any action that
would subject it to general service of process in any jurisdiction where it is
not then so subject or (C) subject itself to taxation in excess of a nominal
dollar amount in any jurisdiction where it is not then so subject.
(h) Cooperate with the selling Holders of Registrable Securities to
facilitate the timely preparation and delivery of certificates representing
shares of Registrable Securities to be sold, which certificates shall not bear
any restrictive legends and shall be in a form eligible for deposit with the
Depository; and enable such shares of Registrable Securities to be in such
denominations and registered in such names as the Holders may reasonably
request.
(i) Use its reasonable efforts to cause the Registrable Securities
covered by any Shelf Registration Statement to be registered with or approved by
such other governmental agencies or authorities as may be reasonably necessary
to enable the seller or sellers thereof, to consummate the disposition of such
Registrable Securities, except as may be required solely as a consequence of the
nature of such selling Holder's business, in which case
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the Company will cooperate in all reasonable respects with the filing of such
Registration Statement and the granting of such approvals.
(j) Upon the occurrence of any event contemplated by paragraph
4(c)(ii), 4(c)(iii) or 4(c)(iv) hereof, as promptly as practicable (and after
any applicable Suspension Period) prepare and (subject to Section 4(a) hereof)
file with the SEC, at the sole expense of the Company, a supplement or
post-effective amendment to the Registration Statement or a supplement to the
related Prospectus or any document incorporated or deemed to be incorporated
therein by reference, or file any other required document so that, as thereafter
delivered to the purchasers of the Registrable Securities being sold thereunder,
any such Prospectus will not contain 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, in the light of the circumstances under which they were
made, not misleading.
(k) Prior to the effective date of the first Registration Statement
relating to the Registrable Securities, (i) provide the Trustee with
certificates for the Registrable Securities in a form eligible for deposit with
the Depositary and (ii) provide required CUSIP numbers for the Registrable
Securities.
(l) Upon such party's execution of a confidentiality agreement,
reasonably acceptable to the Company, make available for inspection by any
selling Holder of such Registrable Securities being sold, and any attorney,
accountant or other agent retained by any such selling Holder, (collectively,
the "INSPECTORS"), at the offices where normally kept, during reasonable
business hours at such time or times as shall be mutually convenient for the
Company and the Inspectors as a group, all financial and other records,
pertinent corporate documents and instruments of the Company and its
subsidiaries (collectively, the "RECORDS") as shall be reasonably necessary to
enable them to exercise any applicable due diligence responsibilities, and cause
the officers, directors and employees of the Company and its subsidiaries to
supply all information reasonably requested by any such Inspector in connection
with such Registration Statement.
(m) Provide the Holders of the Registrable Securities to be included
in such Registration Statement and a single counsel to such Holders (chosen in
accordance with Section 5(b)), reasonable opportunity to participate in the
preparation of such Registration Statement, each prospectus included therein or
filed with the SEC, and each amendment or supplement thereto.
(n) Comply with all applicable rules and regulations of the SEC and
make generally available to its securityholders earning statements satisfying
the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder
(or any similar rule promulgated under the Securities Act) no later than 45 days
after the end of any 12-month period (or 90 days after the end of any 12-month
period if such period is a fiscal year) commencing on the first day of the first
fiscal quarter of the Company after the effective date of a Registration
Statement, which statements shall cover said 12-month periods.
-11-
(o) Cooperate with each seller of Registrable Securities covered by
any Registration Statement, participating in the disposition of such Registrable
Securities and their respective counsel in connection with any filings required
to be made with the National Association of Securities Dealers, Inc. (the
"NASD").
(p) Cause the Indenture to be qualified under the TIA not later than
the effective date of the first Registration Statement relating to the
Registrable Securities; and in connection therewith, cooperate with the Trustee
and the Holders of the Registrable Securities to effect such changes to the
Indenture as may be required for the Indenture to be so qualified in accordance
with the terms of the TIA; and execute, and use its reasonable efforts to cause
the Trustee to execute, all documents as may be required to effect such changes
and all other forms and documents required to be filed with the SEC to enable
the Indenture to be so qualified in a timely manner.
(q) Use its reasonable efforts to take all other steps necessary or
advisable to effect the registration of the Registrable Securities covered by a
Registration Statement contemplated hereby.
(r) Use its best efforts to list, subject to notice of issuance, the
Underlying Shares on the NYSE and to maintain the listing of such Underlying
Shares on the NYSE for so long as the Convertible Notes or the Underlying Shares
are outstanding.
Each Holder of Registrable Securities agrees by acquisition of such
Registrable Securities that, upon actual receipt of any notice from the Company
of the happening of any event of the kind described in Section 4(c)(ii),
4(c)(iii) or 4(c)(iv) hereof, such Holder will forthwith discontinue disposition
of such Registrable Securities covered by such Registration Statement or
Prospectus until such Holder's receipt of the copies of the supplemented or
amended Prospectus contemplated by Section 4(j) hereof, or until it is advised
in writing by the Company that the use of the applicable Prospectus may be
resumed, and has received copies of any amendments or supplements thereto.
5. REGISTRATION EXPENSES.
(a) All fees and expenses incident to the performance of or
compliance with this Agreement by the Company shall be borne by the Company,
including, without limitation, (i) all registration and filing fees (including,
without limitation, fees and expenses of compliance with Blue Sky Laws
(including, without limitation, reasonable fees and disbursements of counsel in
connection with Blue Sky qualifications of the Registrable Securities and
determination of the eligibility of the Registrable Securities for investment
under the laws of such jurisdictions as provided in Section 4(g) hereof), (ii)
printing expenses, including, without limitation, expenses of printing
certificates for Registrable Securities in a form eligible for deposit with the
Depository and of printing prospectuses if the printing of prospectuses is
reasonably requested by the Holders of the majority in Amount of Registrable
Securities included in any Registration Statement, (iii) messenger, telephone
and delivery expenses, (iv) fees and disbursements of counsel for the Company
and reasonable fees and disbursements of one special counsel for the sellers of
Registrable Securities (subject to the
-12-
provisions of Section 5(b) hereof), (v) fees and disbursements of the Company's
independent certified public accountants, (vi) Securities Act liability
insurance, if the Company desires such insurance, (vii) fees and expenses of all
other Persons retained by the Company, (viii) internal expenses of the Company
(including, without limitation, all salaries and expenses of officers and
employees of the Company performing legal or accounting duties), (ix) the
expense of any annual audit of the Company's financial statements, (x) the fees
and expenses incurred in connection with the listing of the securities to be
registered on any securities exchange, if applicable, and (xi) the expenses
relating to printing, word processing and distributing all Registration
Statements and any other documents necessary in order to comply with this
Agreement.
(b) The Company shall reimburse the Holders of the Registrable
Securities being registered in or Shelf Registration for the reasonable fees and
disbursements of not more than one counsel chosen by the Holders of a majority
in Amount of Registrable Securities to be included in such Registration
Statement.
6. INDEMNIFICATION.
The Company agrees to indemnify and hold harmless (i) each Initial
Purchaser, (ii) each Holder, (iii) each Person, if any, who controls (within the
meaning of either Section 15 of the Securities Act or Section 20 of the Exchange
Act) any of the foregoing (any of the Persons referred to in this clause (iii)
being hereinafter referred to as a "controlling person"), (iv) the respective
officers, directors, partners, employees, representatives and agents of each
Initial Purchaser, the Holders (including predecessor Holders) or any
controlling person (any person referred to in clause (i), (ii), (iii) or (iv)
may hereinafter be referred to as an "INDEMNIFIED HOLDER"), from and against any
and all losses, claims, damages, liabilities, joint or several, and judgments
(including, without limitation, reasonable legal fees and other expenses
incurred in connection with any suit, action or proceeding or any claim
asserted) to which they become subject under the Securities Act, the Exchange
Act or other Federal or state statutory law or regulation, at common law or
otherwise, insofar as such losses, claims, damages or liabilities (or actions in
respect thereof) arise out of or are based upon any untrue statement or alleged
untrue statement of a material fact contained in any Registration Statement or
Prospectus or any amendment or supplement thereto or any related preliminary
prospectus, or arise out of or are based upon any omission or alleged omission
to state therein 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, and agrees to reimburse each such Indemnified Person, as
incurred, for any legal or other expenses reasonably incurred by them in
connection with investigating or defending any such loss, claim, damage,
liability or action, except insofar as such losses, claims, damages or
liabilities arise out of or are based on any untrue statement or omission or
alleged untrue statement or omission made in the Registration Statement or
Prospectus, or any amendment thereof or supplement thereto or any related
preliminary prospectus, in reliance upon and in conformity with information
relating to any Holder furnished to the Company in writing by or on behalf of
any such Holder expressly for use therein; PROVIDED, that the Company shall not
be liable to any Indemnified Holder under the indemnity agreement in this
Article 6 with respect to any preliminary prospectus to the extent that any such
loss, claim, damage or liability of such
-13-
Indemnified Holder results from the fact that such Indemnified Holder sold
Registrable Securities to a Person as to whom it shall be established that there
was not sent or given, at or prior to the written confirmation of such sale, a
copy of the final Prospectus in any case where such delivery is required by the
Securities Act if the Company had previously furnished copies thereof in
sufficient quantities to such Indemnified Holder and the loss, claim, damage or
liability of such Indemnified Holder results from an untrue statement or
omission of a material fact contained in the preliminary prospectus that was (i)
identified to such Indemnified Holder at or prior to the earlier of the filing
with the SEC or the furnishing to such Indemnified Holder of the corrected
Prospectus and (ii) corrected in the final Prospectus. The Company shall notify
each Indemnified Holder promptly of the institution, threat or assertion of any
claim, proceeding (including any governmental investigation) or litigation in
connection with the matters addressed by this Agreement which involves the
Company or such Indemnified Holder.
Each Holder agrees, severally and not jointly, to indemnify and hold
harmless the Company, each of its directors, each of its officers and each
Person who controls the Company within the meaning of either Section 15 of the
Securities Act or Section 20 of the Exchange Act to the same extent as the
foregoing indemnity from the Company to each Holder, but only with reference to
such losses, claims, damages or liabilities which are caused by any untrue
statement or omission or alleged untrue statement or omission made in reliance
upon and in conformity with information relating to a Holder furnished to the
Company in writing by such Holder expressly for use in any Registration
Statement or Prospectus, or any amendment or supplement thereto or any related
preliminary prospectus.
If any suit, action, proceeding (including any governmental or
regulatory investigation), claim or demand shall be brought or asserted against
any Person in respect of which indemnity may be sought pursuant to either of the
two preceding paragraphs, such Person (the "INDEMNIFIED PERSON") shall promptly
notify the Person or Persons against whom such indemnity may be sought (each an
"INDEMNIFYING PERSON") in writing of the commencement thereof; but the failure
so to notify the Indemnifying Person (i) will not relieve it from liability
under the two immediately preceding paragraphs unless and to the extent it did
not otherwise learn of such action and such failure results in the forfeiture by
the Indemnifying Person of substantial rights and defenses; and (ii) will not,
in any event, relieve the Indemnifying Person from any obligations to any
Indemnified Person other than the indemnification obligation provided in the two
preceding paragraphs. Such Indemnifying Person, upon request of the Indemnified
Person, shall retain counsel satisfactory to the Indemnified Person to represent
the Indemnified Person and any others entitled to indemnification pursuant to
this Section 6 that the Indemnifying Person may designate in such proceeding and
shall pay the fees and expenses of such counsel related to such proceeding. In
any such proceeding, any Indemnified Person shall have the right to retain its
own counsel, but the fees and expenses of such counsel shall be at the expense
of such Indemnified Person unless (i) the use of counsel chosen by the
Indemnifying Person to represent the Indemnified Person would present such
counsel with a conflict of interest; (ii) the actual or potential defendants in,
or targets of, any such action include both the Indemnified Person and the
Indemnifying Person and the Indemnified Person shall have reasonably concluded
that there may be legal defenses available to it and/or other Indemnified
Person(s) which are different
-14-
from or additional to those available to the Indemnifying Person; (iii) the
Indemnifying Person shall not have employed counsel satisfactory to the
Indemnified Person to represent the Indemnified Person within a reasonable time
after notice of the institution of such action; or (iv) the Indemnifying Person
shall authorize the Indemnified Person to employ separate counsel at the expense
of the Indemnifying Person. It is understood that an Indemnifying Person shall
not, in connection with any proceeding or related proceedings in the same
jurisdiction, be liable for the fees and expenses of more than one separate firm
(in addition to any local counsel) for all Indemnified Persons, and that all
such fees and expenses shall be reimbursed as they are incurred. Any such
separate firm for the Indemnified Holders shall be designated in writing by the
Holders of the majority in Amount of Registrable Securities, and any such
separate firm for the Company, its directors, respective officers and such
control Persons of the Company shall be designated in writing by the Company. No
Indemnifying Person shall, without the prior written consent of the Indemnified
Person, effect any settlement or compromise or consent to the entry of any
judgment with respect to any pending or threatened claim, action, suit or
proceeding in respect of which indemnification or contribution may be sought
hereunder (whether or not the indemnified parties are actual or potential
parties to such claim or action), unless such settlement, compromise or consent
includes an unconditional release of each such Indemnified Person from all
liability arising out of such claims, actions, suits or proceedings.
If the indemnification provided for in the first and second paragraphs
of this Section 6 is insufficient in respect of any losses, claims, damages or
liabilities referred to therein, then each Indemnifying Person under such
paragraph, in lieu of indemnifying such Indemnified Person thereunder, shall
contribute to the aggregate losses, claims, damages and liabilities (including
legal or other expenses reasonably incurred in connection with investigating or
defending the same) (collectively, "LOSSES") (i) in such proportion as is
appropriate to reflect the relative benefits received by the Indemnifying Person
on the one hand, and the Indemnified Person on the other hand, pursuant to the
Purchase Agreement or from the offering of the Registrable Securities pursuant
to any Shelf Registration or (ii) if the allocation provided by clause (i) above
is not permitted by applicable law, in such proportion as is appropriate to
reflect not only the relative benefits referred to in clause (i) above but also
the relative fault of the Indemnifying Person on the one hand, and the
Indemnified Person on the other, in connection with the statements or omissions
that resulted in such Losses, as well as any other relevant equitable
considerations. The relative benefits received by the Company on the one hand,
and any Indemnified Holder on the other, shall be deemed to be in the same
proportion as the total net proceeds from the initial offering and sale of
Convertible Notes (before deducting expenses) received by the Company bear to
the total net proceeds received by such Indemnified Holder from sales of
Registrable Securities giving rise to such obligations. The relative fault of
the parties shall be determined by reference to, among other things, whether the
untrue or alleged untrue statement of a material fact or the omission or alleged
omission to state a material fact relates to information supplied by the Company
or such Indemnified Holder and the parties' intent, relative knowledge,
information and opportunity to correct or prevent such statement or omission.
The Company and each of the Initial Purchasers agree that it would not
be just and equitable if contribution pursuant to this Section 6 were determined
by PRO RATA allocation
-15-
or by any other method of allocation that does not take account of the equitable
considerations referred to in the immediately preceding paragraph.
Notwithstanding the provisions of this Section 6, in no event shall any Holder
be required to contribute any amount in excess of the amount by which the net
proceeds received by such Holder from the sale of the Registrable Securities
pursuant to a Shelf Registration Statement exceeds the amount of damages which
such Holder would have otherwise been required to pay by reason of such untrue
or alleged untrue statement or omission or alleged omission. No Person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any Person who was not
guilty of such fraudulent misrepresentation. For purposes of this Section 6,
each person who controls an Initial Purchaser within the meaning of either the
Securities Act or the Exchange Act and each director, officer, employee and
agent of an Initial Purchaser shall have the same rights to contribution as such
Initial Purchaser, and each person who controls the Company within the meaning
of either the Securities Act or the Exchange Act and each officer and director
of the Company shall have the same rights to contribution as the Company,
subject in each case to the applicable terms and conditions set forth in this
paragraph.
The remedies provided for in this Section 6 are not exclusive and
shall not limit any rights or remedies that may otherwise be available to any
Indemnified Person at law or in equity.
The indemnity and contribution agreements contained in this Section 6
shall remain operative and in full force and effect regardless of (i) any
termination of this Agreement, (ii) any investigation made by or on behalf of
any Holder or any Person controlling any Holder or by or on behalf of the
Company, its officers or directors or any other Person controlling any of the
Company and (iii) acceptance of and payment for any of the Registrable
Securities.
7. RULES 144 AND 144A.
The Company covenants that it will file the reports required to be
filed by it under the Securities Act and the Exchange Act and the rules and
regulations adopted by the SEC thereunder in a timely manner in accordance with
the requirements of the Securities Act and the Exchange Act and, for so long as
any Registrable Securities remain outstanding, if at any time the Company is not
required to file such reports, it will, upon the request of any Holder or
beneficial owner of Registrable Securities, make available such information
necessary to permit sales pursuant to Rule 144A under the Securities Act. The
Company further covenants that, for so long as any Registrable Securities remain
outstanding, it will use its reasonable efforts to take such further action as
any Holder of Registrable Securities may reasonably request, all to the extent
required from time to time to enable such holder to sell Registrable Securities
without registration under the Securities Act within the limitation of the
exemptions provided by (a) Rule 144(k) and Rule 144A under the Securities Act,
as such rules may be amended from time to time, or (b) any similar rule or
regulation hereafter adopted by the SEC. Notwithstanding the foregoing, nothing
in this Section 7 shall be deemed to require the Company to register any of its
securities pursuant to the Exchange Act.
-16-
8. MISCELLANEOUS.
(a) NO INCONSISTENT AGREEMENTS. The Company has not, as of the date
hereof, and the Company shall not, after the date of this Agreement, enter into
any agreement with respect to any of its securities that is inconsistent with
the rights granted to the Holders of Registrable Securities in this Agreement or
otherwise conflicts with the provisions hereof. The Company has not entered and
will not enter into any agreement with respect to any of its securities that
will grant to any Person piggyback registration rights with respect to a
Registration Statement, except to the extent that any existing right has
heretofore been waived.
(b) AMENDMENTS AND WAIVERS. The provisions of this Agreement may not
be amended, modified or supplemented, and waivers or consents to departures from
the provisions hereof may not be given, otherwise than with the prior written
consent of the Company and the Holders of not less than the majority in Amount
of Registrable Securities; PROVIDED, HOWEVER, that Section 6 and this Section
8(b) may not be amended, modified or supplemented without the prior written
consent of the Company and each Holder (including, in the case of an amendment,
modification or supplement of Section 6, any Person who was a Holder of
Registrable Securities disposed of pursuant to any Registration Statement).
Notwithstanding the foregoing, a waiver or consent to depart from the provisions
hereof with respect to a matter that relates exclusively to the rights of
Holders of Registrable Securities whose securities are being sold pursuant to a
Registration Statement and that does not directly or indirectly affect, impair,
limit or compromise the rights of other Holders of Registrable Securities may be
given by Holders of at least a majority in Amount of the Registrable Securities
being sold by such Holders pursuant to such Registration Statement.
(c) NOTICES. All notices and other communications (including,
without limitation, any notices or other communications to the Trustee) provided
for or permitted hereunder shall be made in writing by hand-delivery, registered
first-class mail, next-day air courier or facsimile:
(1) if to a Holder of the Registrable Securities, at the most
current address of such Holder set forth on the records of the registrar
under the Indenture, in the case of Holders of Convertible Notes, and the
stock ledger of the Company, in the case of Holders of Underlying Shares.
(2) if to the Initial Purchasers:
Banc of America Securities LLC
0 Xxxx 00xx Xxxxxx
Xxx Xxxx, XX 00000
Facsimile No.: (000) 000-0000
Attention: Xxxx Xxxxxxxxx, Esq.
and
-17-
Xxxxxxx Xxxxx Barney Inc.
000 Xxxxxxxxx Xxxxxx, 0xx xxxxx
Xxx Xxxx, XX 00000
Facsimile No.: (000) 000-0000
Attention: General Counsel
with copies to:
Xxxxxxx Xxxxxxx & Xxxxxxxx
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
Facsimile No.: (000) 000-0000
Attention: Rise X. Xxxxxx, Esq.
(3) if to the Company, at the addresses as follows:
Xxx Xxxxxxxx Xxxxxxxxxx Xxxxx
Xxxxxxxx, XX 00000
Facsimile No.: (000) 000-0000
Attention: Treasurer
with copies to:
Xxxxxxxxx & Xxxxxxx
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, XX 00000
Facsimile No.: (000) 000-0000
Attention: Xxxxx X. Xxxxxxx, Esq.
All such notices and communications shall be deemed to have been duly
given: when delivered by hand, if personally delivered; five Business Days after
being deposited in the mail, postage prepaid, if mailed; one Business Day after
being timely delivered to a next-day air courier; and when receipt is
acknowledged by the addressee, if sent by facsimile.
(d) SUCCESSORS AND ASSIGNS. This Agreement shall inure to the
benefit of and be binding upon the successors and assigns of each of the parties
hereto, including the Holders; PROVIDED, HOWEVER, that this Agreement shall not
inure to the benefit of or be binding upon a successor or assign of a Holder
unless and except to the extent such successor or assign holds Registrable
Securities.
(e) COUNTERPARTS. This Agreement may be executed in any number of
counterparts and by the parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement.
(f) HEADINGS. The headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning hereof.
-18-
(g) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEW YORK. EACH PARTY
HERETO HEREBY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF THE FEDERAL AND STATE
COURTS IN THE BOROUGH OF MANHATTAN IN THE CITY OF
NEW YORK IN ANY SUIT OR
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY.
(h) SEVERABILITY. If any term, provision, covenant or restriction of
this Agreement is held by a court of competent jurisdiction to be invalid,
illegal, void or unenforceable, the remainder of the terms, provisions,
covenants and restrictions set forth herein shall remain in full force and
effect and shall in no way be affected, impaired or invalidated, and the parties
hereto shall use their reasonable efforts to find and employ an alternative
means to achieve the same or substantially the same result as that contemplated
by such term, provision, covenant or restriction. It is hereby stipulated and
declared to be the intention of the parties that they would have executed the
remaining terms, provisions, covenants and restrictions without including any of
such that may be hereafter declared invalid, illegal, void or unenforceable.
(i) SECURITIES HELD BY THE COMPANY OR ITS AFFILIATES. Whenever the
consent or approval of Holders of a specified percentage in Amount of
Registrable Securities is required hereunder, Registrable Securities held by the
Company or its affiliates (as such term is defined in Rule 405 under the
Securities Act) shall not be counted in determining whether such consent or
approval was given by the Holders of such required percentage.
(j) THIRD PARTY BENEFICIARIES. Holders of Registrable Securities are
intended third party beneficiaries of this Agreement and this Agreement may be
enforced by such Persons.
(k) ENTIRE AGREEMENT. This Agreement, together with the Purchase
Agreement and the Indenture, is intended by the parties as a final and exclusive
statement of the agreement and understanding of the parties hereto in respect of
the subject matter contained herein and therein and any and all prior oral or
written agreements, representations, or warranties, contracts, understandings,
correspondence, conversations and memoranda between the Initial Purchasers on
the one hand, and the Company on the other, or between or among any agents,
representatives, parents, subsidiaries, affiliates, predecessors in interest or
successors in interest with respect to the subject matter hereof and thereof are
merged herein and replaced hereby.
-19-
IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.
COMPUTER ASSOCIATES
INTERNATIONAL, INC.
By: /s/ Xxxx Stravinakas
------------------------------------
Name: Xxxx Stravinakas
Title: Vice President and Treasurer
BANC OF AMERICA SECURITIES LLC
XXXXXXX XXXXX XXXXXX INC.
ABN AMRO ROTHSCHILD LLC
MIZUHO INTERNATIONAL PLC
XXXXXXXXX XXXXXXXX, INC.
RBC XXXX XXXXXXXX INC.
TOKYO-MITSUBISHI INTERNATIONAL PLC
By: BANC OF AMERICA SECURITIES LLC
By: /s/ Xxxxxx Xxxxxxx
------------------------------------
Name: Xxxxxx Xxxxxxx
Title: Managing Director
By: XXXXXXX XXXXX XXXXXX INC.
By: /s/ Xxxxxxx Xxxxxxx
------------------------------------
Name: Xxxxxxx Xxxxxxx
Title: Managing Director
-20-
