ALLTEL COMMUNICATIONS, INC. ALLTEL COMMUNICATIONS FINANCE, INC. $190,000,000 10.375% / 11.125% Senior Toggle Notes due 2017 Registration Rights Agreement
Exhibit 10.2
ALLTEL
COMMUNICATIONS FINANCE, INC.
$190,000,000
10.375% / 11.125% Senior Toggle Notes due 2017
December
3, 2007
Citigroup
Global Markets Inc.
Xxxxxxx,
Xxxxx & Co.
As
Representatives of the Initial Purchasers
c/o
Citigroup Global Markets Inc.
000
Xxxxxxxxx Xxxxxx
Xxx
Xxxx,
Xxx Xxxx 00000
Ladies
and Gentlemen:
ALLTEL
Communications, Inc. (“ACI”) and Alltel Communications Finance, Inc.,
corporations organized under the laws of Delaware (together with ACI, the
“Issuer Subs”), propose to issue and sell to certain purchasers (the
“Initial Purchasers”), for whom you (the “Representatives”) are
acting as representatives, their 10.375% / 11.125% Senior Toggle Notes due
2017
in the principal amount of $1,000,000,000 (the “Senior Notes”), upon the
terms set forth in the Purchase Agreement among ALLTEL Corporation, a
corporation organized under the laws of Delaware (the “Company”), the
Issuer Subs, the Subsidiary Guarantors (as defined below) and the
Representatives dated November 16, 2007 (the “Purchase Agreement”)
relating to the initial placement of the Senior Notes and related guarantees
(as
described below) (the “Initial Placement”). To induce the
Initial Purchasers to enter into the Purchase Agreement and to satisfy a
condition to your obligations thereunder, the Issuers (as defined below) agree
with you for your benefit and the benefit of the holders from time to time
of
the Securities (as defined below) (including the Initial Purchasers) (each
a
“Holder” and, collectively, the “Holders”), as
follows:
The
Senior Notes will be unconditionally guaranteed on a senior unsecured basis
by
the subsidiary guarantors listed in Annex A hereto (the “Subsidiary
Guarantors”) and the Company (collectively, the “Guarantors” and,
together with the Issuer Subs, the “Issuers”). Senior Notes
in the
principal amount of $190,000,000, together with the related guarantees (the
“Guarantees”), to be resold by the Initial Purchasers to certain
purchasers other than the GSMP Purchasers (as defined below), are referred
to
herein as the “Securities”.
1. Definitions. Capitalized
terms used herein without definition shall have their respective meanings set
forth in the Purchase Agreement. As used in this Agreement, the
following capitalized defined terms shall have the following
meanings:
“Affiliate”
shall have the meaning specified in Rule 405 under the Act and the terms
“controlling” and “controlled” shall have meanings correlative
thereto.
“broker-dealer”
shall mean any broker or dealer registered as such under the Exchange
Act.
“Business
Day” shall mean any day other than a Saturday, a Sunday or a legal holiday
or a day on which banking institutions or trust companies are authorized or
obligated by law to close in New York City.
“Closing
Date” shall mean the date of the first issuance of the
Securities.
“Commission”
shall mean the Securities and Exchange Commission.
“Commission
Announcement” shall have the meaning set forth in Section 2(a)
hereof.
“Conduct
Rules” shall mean the Conduct Rules and the By-Laws of the Financial
Industry Regulatory Authority.
“Effective
Time” shall mean in the case of (i) an Exchange Registration, the time and
date as of which the Commission declares the Exchange Registration Statement
effective or as of which the Exchange Registration Statement otherwise becomes
effective pursuant to the Securities Act, (ii) a Shelf Registration, the time
and date as of which the Commission declares the Shelf Registration Statement
effective or as of which the Shelf Registration Statement otherwise becomes
effective pursuant to the Securities Act and (iii) a Market Making Shelf
Registration, the time and date as of which the Commission declares the Market
Making Shelf Registration Statement effective or as of which the Market Making
Shelf Registration Statement otherwise becomes effective pursuant to the
Securities Act.
“Exchange
Act” shall mean the Securities Exchange Act of 1934, as amended, and the
rules and regulations of the Commission promulgated thereunder.
“Exchange
Offer Registration Period” shall mean the 180-day period following the
consummation of the Registered Exchange Offer, exclusive of any period during
which any stop order shall be in effect suspending the effectiveness of the
Exchange Offer Registration Statement.
“Exchange
Offer Registration Statement” shall mean a registration statement of the
Issuers on an appropriate form under the Act with respect to the Registered
Exchange Offer, all amendments and supplements to such registration statement,
including post-effective amendments thereto, in each case including the
Prospectus contained therein, all exhibits thereto and all material incorporated
by reference therein.
2
“Exchanging
Dealer” shall mean any Holder (which may include any Initial Purchaser) that
is a broker-dealer and elects to exchange for New Securities any Securities
that
it acquired for its own account as a result of market-making activities or
other
trading activities (but not directly from any Issuer or any Affiliate of any
Issuer) for New Securities.
“Final
Memorandum” shall mean the offering memorandum, dated November 16, 2007,
relating to the offer and sale of the Senior Notes and related guarantees,
including any and all exhibits thereto and any information incorporated by
reference therein as of such date.
“GSMP
Purchasers” shall mean GSMP V Onshore US, Ltd., GSMP V Offshore US, Ltd and
GSMP V Institutional US, Ltd.
“Guarantees”
shall have the meaning set forth in the preamble hereto.
“Guarantors”
shall have the meaning set forth in the preamble hereto.
“Holder”
shall have the meaning set forth in the preamble hereto.
“Indenture”
shall mean the Indenture relating to the Senior Notes and related guarantees,
dated as of December 3, 2007, among the Issuers and Xxxxx Fargo Bank, National
Association, as trustee, as the same may be amended from time to time in
accordance with the terms thereof.
“Initial
Placement” shall have the meaning set forth in the preamble
hereto.
“Initial
Purchasers” shall have the meaning set forth in the preamble
hereto.
“Issuers”
shall have the meaning set forth in the preamble hereto.
“Issuer
Subs” shall have the meaning set forth in the preamble hereto.
“Losses”
shall have the meaning set forth in Section 7(d) hereof.
“Majority
Holders” shall mean, on any date, Holders of a majority of the aggregate
principal amount of Securities registered under a Registration
Statement.
“Managing
Underwriters” shall mean the investment banker or investment bankers and
manager or managers that administer an underwritten offering, if any, under
a
Registration Statement.
“Market-Maker”
shall have the meaning set forth in Section 4(a) hereof.
“Market-Making
Registration” shall have the meaning set forth in Section 4(a)(i)
hereof.
“Market-Making
Registration Statement” shall have the meaning set forth in
Section 4(a)(i) hereof.
3
“New
Securities” shall mean debt securities of the Issuer Subs and guarantees by
the Guarantors, in each case identical in all material respects to the Senior
Notes and the related Guarantees (except that the transfer restrictions shall
be
modified or eliminated, as appropriate) to be issued under the Indenture in
connection with sales or exchanges effected pursuant to this
Agreement.
“Prospectus”
shall mean the prospectus included in any Registration Statement (including,
without limitation, a prospectus that discloses information previously omitted
from a prospectus filed as part of an effective registration statement in
reliance upon Rule 430A under the Act), as amended or supplemented by any
prospectus supplement, with respect to the terms of the offering of any portion
of the Securities or the New Securities covered by such Registration Statement,
and all amendments and supplements thereto, including any and all exhibits
thereto and any information incorporated by reference therein.
“Purchase
Agreement” shall have the meaning set forth in the preamble
hereto.
“Registered
Exchange Offer” shall mean the proposed offer of the Issuers to issue and
deliver to the Holders of the Securities that are not prohibited by any law
or
policy of the Commission from participating in such offer, in exchange for
the
Securities, a like aggregate principal amount of the New
Securities.
“Registrable
Securities” shall mean (i) Securities other than those that (A) have been
registered under a Registration Statement and disposed of in accordance
therewith or (B) are eligible to be distributed to the public pursuant to Rule
144 under the Act or any successor rule or regulation thereto that may be
adopted by the Commission and (ii) any New Securities the resale of which by
the
Holder thereof requires compliance with the prospectus delivery requirements
of
the Act.
“Registration
Default” shall have the meaning set forth in Section 9 hereof.
“Registration
Statement” shall mean any Exchange Offer Registration Statement or Shelf
Registration Statement that covers any of the Securities or the New Securities
pursuant to the provisions of this Agreement, any amendments and supplements
to
such registration statement, including post-effective amendments (in each case
including the Prospectus contained therein), all exhibits thereto and all
material incorporated by reference therein.
“Rule
144 Eligibility Conditions” shall have the meaning set forth in Section 2(a)
hereof.
“Securities”
shall have the meaning set forth in the preamble hereto.
“Securities
Act” shall mean the Securities Act of 1933, as amended, and the rules and
regulations of the Commission promulgated thereunder.
“Senior
Notes” shall have the meaning set forth in the preamble hereto.
“Shelf
Registration” shall mean a registration effected pursuant to Section 3
hereof.
4
“Shelf
Registration Period” has the meaning set forth in Section 3(b)(ii)
hereof.
“Shelf
Registration Statement” shall mean a “shelf” registration statement of the
Issuer Subs pursuant to the provisions of Section 3 hereof which covers
some or all of the Securities or New Securities, as applicable, on an
appropriate form under Rule 415 under the Securities Act, or any similar
rule that may be adopted by the Commission, amendments and supplements to such
registration statement, including post-effective amendments, in each case
including the Prospectus contained therein, all exhibits thereto and all
material incorporated by reference therein.
“Trustee”
shall mean the trustee with respect to the Senior Notes and related guarantees
under the Indenture.
“Trust
Indenture Act” shall mean the Trust Indenture Act of 1939, as amended, and
the rules and regulations of the Commission promulgated thereunder.
“Underwriter”
shall mean any underwriter of Securities in connection with an offering thereof
under a Shelf Registration Statement.
2. Registered
Exchange Offer.
(a) The
Issuers shall use their commercially reasonable efforts to prepare and file
with
the Commission the Exchange Offer Registration Statement with respect to the
Registered Exchange Offer. The Issuers shall use their commercially
reasonable efforts to cause the Exchange Offer Registration Statement to become
effective under the Securities Act within 367 days of the Closing Date;
provided that as a result of the announcement by the Commission at its
open meeting on November 15, 2007, that it would adopt amendments to Rule 144
under the Securities Act providing that restricted securities held by
non-affiliates of reporting companies under the Exchange Act would be eligible
for resale to the public without registration under the Securities Act after
a
holding period of six months (subject to compliance with Rule 144(c) reporting
requirement by the issuer) and restricted securities held by non-affiliates
of
non-reporting companies under the Exchange Act would be eligible for resale
to
the public without registration under the Securities Act after a holding period
of one year (the “Commission Announcement”), and subject to review of the
Commission’s release related to such amendments and their effectiveness, the
Issuers, the Initial Purchasers and the Holders acknowledge that an Exchange
Offer Registration Statement shall not be required to be filed or declared
effective if, prior to the date such Exchange Offer Registration Statement
would
otherwise be required to be filed and declared effective pursuant to the terms
of this Agreement, the following conditions (the “Rule 144 Eligibility
Conditions”) shall have been satisfied: the Issuers shall have offered to
each non-affiliate of the Issuers that is a Holder of Securities and that has
not acquired Securities from the Issuers or any of their subsidiaries during
any
applicable holding period under Rule 144 the opportunity to exchange such
Holder’s Securities for either a beneficial interest in an Unrestricted Global
Note (as defined in the Indenture) or an Unrestricted Definitive Note (as
defined in the Indenture), as appropriate, in accordance with the terms of
the
Indenture; provided that (i) such offer shall be a continuing offer to
such Holders thereafter and (ii) such Unrestricted Global Note shall remain
eligible to be deposited for purposes of transfers through the facilities of
The
Depository Trust Company.
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(b) If
an
Exchange Offer Registration Statement is required to be filed and declared
effective pursuant to Section 2(a) above, upon the effectiveness of the Exchange
Offer Registration Statement, the Issuers shall promptly commence the Registered
Exchange Offer, it being the objective of such Registered Exchange Offer to
enable each Holder electing to exchange Securities for New Securities (assuming
that such Holder is not an Affiliate of any Issuer, acquires the New Securities
in the ordinary course of such Holder’s business, has no arrangements with any
person to participate in the distribution of the New Securities and is not
prohibited by any law or policy of the Commission from participating in the
Registered Exchange Offer) to trade such New Securities from and after their
receipt without any limitations or restrictions under the Securities Act and
without material restrictions under the securities laws of a substantial
proportion of the several states of the United States.
(c) In
connection with the Registered Exchange Offer, if an Exchange Offer Registration
Statement is required to be filed and declared effective pursuant to Section
2(a) above, the Issuers shall:
(i) mail
to
each Holder a copy of the Prospectus forming part of the Exchange Offer
Registration Statement, together with an appropriate letter of transmittal
and
related documents;
(ii) keep
the
Registered Exchange Offer open for not less than 20 Business Days after the
date
notice thereof is mailed to the Holders (or, in each case, longer if required
by
applicable law);
(iii) use
their
commercially reasonable efforts to keep the Exchange Offer Registration
Statement continuously effective under the Securities Act, supplemented and
amended as required, under the Securities Act to ensure that it is available
for
sales of New Securities by Exchanging Dealers during the Exchange Offer
Registration Period;
(iv) utilize
the services of a depositary for the Registered Exchange Offer with an address
in the Borough of Manhattan in New York City, which may be the Trustee or an
Affiliate of the Trustee;
(v) permit
Holders to withdraw tendered Securities at any time prior to the close of
business, New York time, on the last Business Day on which the Registered
Exchange Offer is open;
(vi) prior
to
effectiveness of the Exchange Offer Registration Statement, provide a
supplemental letter to the Commission (A) stating that the Issuers are
conducting the Registered Exchange Offer in reliance on the position of the
Commission in Exxon Capital Holdings Corporation (pub. avail. May 13,
1988), and Xxxxxx Xxxxxxx and Co., Inc. (pub. avail. June 5, 1991); and
(B) including a representation that the Issuers have not entered into any
arrangement or understanding with any person to distribute the New Securities
to
be received in the Registered Exchange Offer and that, to the best of Issuers’
information and belief, each Holder participating in the Registered Exchange
Offer is acquiring the New Securities in the ordinary course of business and
6
has
no
arrangement or understanding with any person to participate in the distribution
of the New Securities; and
(vii) comply
in
all material respects with all applicable laws.
(d) As
soon
as practicable after the close of the Registered Exchange Offer, the Issuers
shall:
(i) accept
for exchange all Securities tendered and not validly withdrawn pursuant to
the
Registered Exchange Offer;
(ii) deliver
to the Trustee for cancellation in accordance with Section 5(s) all Securities
so accepted for exchange; and
(iii) cause
the
Trustee promptly to authenticate and deliver to each Holder of Securities a
principal amount of New Securities equal to the principal amount of the
Securities of such Holder so accepted for exchange.
(e) Each
Holder hereby acknowledges and agrees that any broker-dealer and any such Holder
using the Registered Exchange Offer to participate in a distribution of the
New
Securities (x) could not under Commission policy as in effect on the date of
this Agreement rely on the position of the Commission in Exxon Capital
Holdings Corporation (pub. avail. May 13, 1988) and Xxxxxx Xxxxxxx and
Co., Inc. (pub. avail. June 5, 1991), as interpreted in the Commission’s
letter to Shearman & Sterling dated July 2, 1993 and similar no-action
letters; and (y) must comply with the registration and prospectus delivery
requirements of the Securities Act in connection with any secondary resale
transaction, which must be covered by an effective registration statement
containing the selling security holder information required by Item 507 or
508,
as applicable, of Regulation S-K under the Securities Act if the resales are
of
New Securities obtained by such Holder in exchange for Securities acquired
by
such Holder directly from the Issuers or their
Affiliates. Accordingly, each Holder participating in the Registered
Exchange Offer shall be required to represent to the Issuers that, at the time
of the consummation of the Registered Exchange Offer:
(i) any
New
Securities to be received by such Holder will be acquired in the ordinary course
of business;
(ii) such
Holder will have no arrangement or understanding with any person to participate
in the distribution (within the meaning of the Securities Act) of the applicable
Securities or the applicable New Securities;
(iii) such
Holder is not an Affiliate of any of the Issuers;
(iv) if
such
Holder is not a broker-dealer, that it is not engaged in, and does not intend
to
engage in, the distribution of the applicable New Securities; and
(v) if
such
Holder is a broker-dealer that will receive New Securities for its own account
in exchange for any Securities that were acquired as a result of
market-
7
making
or
other trading activities, that it will deliver a prospectus in connection with
any resale of such New Securities.
(f) If
any
Initial Purchaser determines that it is not eligible to participate in the
Registered Exchange Offer or to meet the Rule 144 Eligibility Conditions with
respect to the exchange of Securities constituting any portion of an unsold
allotment, at the request of such Initial Purchaser, the Issuers shall issue
and
deliver to such Initial Purchaser or the person purchasing New Securities
registered under a Shelf Registration Statement as contemplated by Section
3
hereof from such Initial Purchaser, in exchange for such Securities, a like
principal amount of New Securities. The Issuers shall use their
commercially reasonable efforts to cause the CUSIP Service Bureau to issue
the
same CUSIP number for such New Securities as for New Securities issued pursuant
to the Registered Exchange Offer.
(g) Interest
on each New Security issued pursuant to the Registered Exchange Offer will
accrue (A) from the later of (i) the last interest payment date on which
interest was paid on the Securities surrendered in exchange therefor and (ii)
if
the Securities are surrendered for exchange on a date in a period that includes
the record date for an interest payment date to occur on or after the date
of
such exchange and as to which interest will be paid, the date of such interest
payment date or (B) if no interest has been paid on the Securities, from the
Closing Date.
(h) The
obligations of the Issuers under the Registered Exchange Offer shall be subject
to the conditions that (i) the Registered Exchange Offer does not violate
applicable law or any applicable interpretation of the staff of the Commission;
(ii) no action or proceeding shall have been instituted in any court or by
any
governmental agency which might materially impair the ability of the Issuers
to
proceed with the Registered Exchange Offer, and no material adverse development
shall have occurred in any existing action or proceeding with respect to the
Issuers and (iii) all governmental approvals required for the consummation
of
the Registered Exchange Offer by the Issuers shall have been
obtained.
3. Shelf
Registration.
(a) If
an
Exchange Offer Registration Statement is required to be filed and declared
effective pursuant to Section 2(a) above, and (i) due to any change in law
or currently prevailing interpretations thereof by the Commission’s staff, the
Issuers determine upon advice of their outside counsel that they are not
permitted to effect the Registered Exchange Offer as contemplated by
Section 2 hereof; (ii) for any other reason the Registered Exchange
Offer is not consummated within 367 days of the date hereof; (iii) any Initial
Purchaser so requests with respect to Securities that are not eligible to be
exchanged for New Securities in the Registered Exchange Offer and that are
held
by it following consummation of the Registered Exchange Offer; or (iv) in
the case of any Initial Purchaser that participates in the Registered Exchange
Offer or acquires New Securities pursuant to Section 2(f) hereof, which
Initial Purchaser does not receive freely tradeable New Securities in exchange
for Securities constituting any portion of an unsold allotment (it being
understood that (x) the requirement that an Initial Purchaser must deliver
a
Prospectus containing the information required by Item 507 or 508 of Regulation
S-K under the Securities Act in connection with sales of New Securities acquired
in exchange for such Securities shall result in such New Securities being not
“freely tradeable”; and (y) the requirement that an Exchanging Dealer must
deliver a Prospectus in connection with sales of
8
New
Securities acquired in the Registered Exchange Offer in exchange for Securities
acquired as a result of market-making activities or other trading activities
shall not result in such New Securities being not “freely tradeable”), the
Issuers shall effect a Shelf Registration Statement in accordance with
subsection (b) below; provided that as a result of the Commission
Announcement, and subject to review of the Commission’s release related to such
amendments and their effectiveness, the Issuers, the Initial Purchasers and
the
Holders acknowledge that a Shelf Registration Statement shall not be required
to
be filed or declared effective if the Rule 144 Eligibility Conditions have
been
met.
(b) If
a
Shelf Registration Statement is required to be filed and declared effective
pursuant to this Section 3, (i) the Issuers shall as promptly as
practicable (but in no event more than 45 days after so required or requested
pursuant to this Section 3), file with the Commission and shall use their
commercially reasonable efforts to cause to be declared effective under the
Securities Act within 367 days after so required or requested, a Shelf
Registration Statement relating to the offer and sale of the Securities or
the
New Securities, as applicable (which may be an “automatic shelf registration
statement” as defined in Rule 405 of the Securities Act (an “Automatic Shelf
Registration Statement”) if the filing satisfies all relevant requirements
for qualification as an Automatic Shelf Registration Statement), by the Holders
thereof from time to time in accordance with the methods of distribution elected
by such Holders and set forth in such Shelf Registration Statement;
provided, however, that no Holder (other than an Initial
Purchaser) shall be entitled to have the Securities held by it covered by such
Shelf Registration Statement unless such Holder agrees in writing to be bound
by
all of the provisions of this Agreement applicable to such Holder; and
provided, further, that with respect to New Securities received by
an Initial Purchaser in exchange for Securities constituting any portion of
an
unsold allotment, the Issuers may, if permitted by current interpretations
by
the Commission’s staff, file a post-effective amendment to the Exchange Offer
Registration Statement containing the information required by Item 507 or 508
of
Regulation S-K, as applicable, in satisfaction of its obligations under this
subsection with respect thereto, and any such Exchange Offer Registration
Statement, as so amended, shall be referred to herein as, and governed by the
provisions herein applicable to, a Shelf Registration Statement.
(ii) If
a
Shelf Registration Statement is required to be filed and declared effective
pursuant to this Section 3, subject to Section 5(k), the Issuers shall use
their
commercially reasonable efforts to keep the Shelf Registration Statement
continuously effective, supplemented and amended as required by the Securities
Act, until the earliest of (A) the second anniversary of the date of this
Agreement; (B) the date upon which all the Securities or New Securities, as
applicable, covered by such Shelf Registration Statement have been sold pursuant
to such Shelf Registration Statement; (C) the date upon which all the Securities
or New Securities, as applicable, covered by such Shelf Registration Statement
become eligible for resale, without regard to volume, manner of sale or other
restrictions contained in Rule 144 (the “Shelf Registration Period”); or
(D) whatever shorter period adopted by the Commission in connection with
its proposal to amend Rule 144 that would permit non-affiliates to resell freely
the Securities acquired in the Initial Placement (after taking into account
any
hedging activity that may have occurred, if applicable under the amended Rule);
provided that, as a result of the Commission Announcement, and subject to
review of the Commission’s release related to such amendments and their
effectiveness, the Issuers, the Initial Purchasers and the Holders acknowledge
that such parties do not anticipate that, so long as the Rule 144 Eligibility
9
Conditions
are met, a Shelf Registration Statement shall be required to be filed or
declared effective pursuant to the terms of this agreement. The
Issuers shall be deemed not to have used their commercially reasonable efforts
to keep the Shelf Registration Statement effective during the Shelf Registration
Period if they voluntarily take any action that would result in Holders of
Securities covered thereby not being able to offer and sell such Securities
at
any time during the Shelf Registration Period, unless such action is
(x) required by applicable law or otherwise undertaken by the Issuers in
good faith and for valid business reasons (not including avoidance of the
Issuers’ obligations hereunder), including the acquisition or divestiture of
assets or a financing, and (y) permitted pursuant to Section 5(k)(ii)
hereof.
(iii) The
Issuers shall cause the Shelf Registration Statement and the related Prospectus
and any amendment or supplement thereto, as of the effective date of the Shelf
Registration Statement or such amendment or supplement, (A) to comply in all
material respects with the applicable requirements of the Securities Act; and
(B) not to contain 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 case of the Prospectus, in the light of the
circumstances under which they were made) not misleading.
4. Market-Making
(a) For
the
sole benefit of Xxxxxxx, Xxxxx & Co. (in such capacity, the
“Market-Maker”) or any of its affiliates (as defined in the rules and
regulations of the Commission), so long as (x) any of the Registrable
Securities or New Securities are outstanding and (y) it would be necessary
under applicable laws, rules and regulations, in the reasonable opinion of
the
Market-Maker, for the Market-Maker or any of its affiliates to deliver a
prospectus in connection with market-making activities with respect to the
Registrable Securities or New Securities and the Market-Maker or such affiliate
proposes to make a market in the Registrable Securities or New Securities as
part of its business in the ordinary course, the following provisions shall
apply for the sole benefit of the Market-Maker:
(i) The
Issuers shall file under the Securities Act one or more registration statements,
in a form to be reasonably approved by the Market-Maker (each such filing,
a
“Market-Making Registration,” and each such registration statement, the
“Market-Making Registration Statement”) (which may be an Automatic Shelf
Registration Statement if the filing satisfies all relevant requirements to
qualify as an Automatic Shelf Registration Statement). The Issuers
agree to use their commercially reasonable efforts to cause a Market-Making
Registration Statement with respect to the New Securities to be declared
effective on or prior to (i) the date the Exchange Offer is completed
pursuant to Section 2(a) above or (ii) the date the Initial Shelf
Registration becomes or is declared effective pursuant to Section 3 above,
and, in each case, to keep such Market-Making Registration Statement
continuously effective, subject to Section 4(a)(ii), for so long as the
Market-Maker may be required to deliver a prospectus in connection with
transactions in the Registrable Securities or the New Securities, as the case
may be; provided that if, as a result of the Commission Announcement and
subject to review of the Commission’s release related to such amendments and
their effectiveness and the satisfaction of the Rule 144 Eligibility Conditions,
the Issuers are therefore not required to file an Exchange Offer Registration
Statement or a Shelf Registration Statement, then
10
the
Issuers shall use their commercially reasonable efforts to file and have
declared effective the Market-Making Registration Statement within 367 days
from
the Closing Date. In the event that the Market-Maker holds
Registrable Securities or New Securities at the time the Exchange Offer is
to be
conducted under Section 2(a) above, the Issuers agree that the applicable
Market-Making Registration shall provide for the resale by the Market-Maker
of
such Registrable Securities or New Securities and shall use their commercially
reasonable efforts to keep the Market-Making Registration Statement continuously
effective, subject to Section 4(a)(ii), for so long as the Market-Maker may
be
required to deliver a prospectus in connection with the sale of such Registrable
Securities or New Securities. The Issuers further agree to supplement
or make amendments to each Market-Making Registration Statement, as and when
required by the rules, regulations or instructions applicable to the
registration form used by the Issuers for the applicable Market-Making
Registration Statement, and the Issuers agree to furnish to the Market-Maker
copies of any such supplement or amendment prior to its being used or promptly
following its filing with the Commission.
(ii) Notwithstanding
the foregoing, the Issuers may suspend the offering and sale under a
Market-Making Registration Statement for a period or periods that the Board
of
Directors of the Company or ACI reasonably determines to be advisable for valid
business reasons, but in any event not in excess of 45 consecutive days or
more
than three (3) times during any calendar year during which such Market-Making
Registration Statement is required to be effective and usable hereunder
(measured from the Effective Time of such Market-Making Registration Statement
to successive anniversaries thereof) if (A) (i) the Board of Directors of the
Company or ACI determines in good faith that such action is in the best
interests of one or more of the Issuers or (ii) such Market-Making
Registration Statement, prospectus or amendment or supplement thereto contains
an untrue statement of a material fact or omits to state a material fact
necessary in order to make the statements therein, in light of the circumstances
under which they were made, not misleading, and (B) the Issuers notify the
Market-Maker within three days before the effectiveness of such
suspension.
(iii) The
Issuers shall notify the Market-Maker (A) when any post-effective amendment
to a Market-Making Registration Statement or any amendment or supplement to
the
related prospectus has been filed, and, with respect to any post-effective
amendment, when the same has become effective; (B) of any request by the
Commission for any post-effective amendment to a Market-Making Registration
Statement, any supplement or amendment to the related prospectus or for
additional information; (C) the issuance by the Commission of any stop
order suspending the effectiveness of a Market-Making Registration Statement
or
the initiation of any proceedings for that purpose; (D) of the receipt by
the Issuers of any notification with respect to the suspension of the
qualification of the Registrable Securities or New Securities for sale in any
jurisdiction or the initiation or threatening of any proceedings for such
purpose; and (E) of the happening of any event that makes any statement
made in a Market-Making Registration Statement, the related prospectus or any
amendment or supplement thereto untrue or that requires the making of any
changes in a Market-Making Registration Statement, such prospectus or any
amendment or supplement thereto, in order to make the statements therein not
misleading.
11
(iv) If
any
event contemplated by Section 4(a)(iii)(B), (D) and (E) occurs during the
period for which the Issuers are required to maintain an effective Market-Making
Registration Statement, the Issuers shall use their commercially reasonable
efforts to promptly prepare and file with the SEC a post-effective amendment
to
the applicable Market-Making Registration Statement or a supplement to the
related prospectus or file any other required document so that the prospectus
will not include an untrue statement of a material fact or omit to state a
material fact necessary in order to make the statements therein, in the light
of
the circumstances under which they were made, not misleading.
(v) In
the
event of the issuance of any stop order suspending the effectiveness of a
Market-Making Registration Statement or of any order suspending the
qualification of the Registrable Securities or New Securities for sale in any
jurisdiction, the Issuers shall use their commercially reasonable efforts to
promptly obtain its withdrawal.
(vi) The
Issuers shall furnish to the Market-Maker, in each case without charge to the
Market-Maker, at least one conformed copy of the Market-Making Registration
Statement and any post-effective amendment thereto and electronic copies of
the
related prospectus and any amendment or supplement thereto.
(vii) The
Issuers shall consent to the use of the prospectus contained in the
Market-Making Registration Statement or any amendment or supplement thereto
by
the Market-Maker in connection with its market-making activities.
(viii) Notwithstanding
the foregoing provisions of this Section 4, the Issuers may for valid
business reasons, including without limitation, a potential acquisition,
divestiture of assets, financing or other material corporate transaction, issue
a notice that the Market-Making Registration Statement is no longer effective
or
the prospectus included therein is no longer usable for offers and sales of
Registrable Securities or New Securities and may issue any notice suspending
use
of the Market-Making Registration Statement required under applicable securities
laws to be issued for so long as valid business reasons exist and the Issuers
shall not be obligated to amend or supplement the Market-Making Registration
Statement or the prospectus included therein until it reasonably deems
appropriate. The Market-Maker agrees that upon receipt of any notice
from the Issuers pursuant to this Section 4(a)(viii), it will discontinue
use of the Market-Making Registration Statement until receipt of copies of
the
supplemented or amended prospectus relating thereto and until advised in writing
by the Issuers that the use of the Market-Making Registration Statement may
be
resumed.
(b) In
connection with a Market-Making Registration, the Issuers shall (i) make
reasonably available for inspection by a representative of, and one counsel
acting for, the Market-Maker, at reasonable times and in a reasonable manner,
all relevant financial and other records and pertinent corporate documents
of
the Issuer and its subsidiaries and (ii) use their commercially reasonable
efforts to have their respective officers, directors, employees, accountants
and
counsel supply all relevant information reasonably requested by such
representative or counsel or the Market-Maker; provided, however,
that any information that is designated in writing by the Issuers, in good
faith, as confidential at the time of delivery of such
12
information
shall be kept confidential by the Market-Maker or any such attorney or
accountant, unless such disclosure is made in connection with a court proceeding
or required by law, or such information becomes available to the public
generally or through a third party without an accompanying obligation of
confidentiality.
(c) Prior
to
the effective date of the Market-Making Registration Statement, the Issuers
will
use their commercially reasonable efforts to register or qualify such
Registrable or New Securities, as applicable, for offer and sale under the
securities or blue sky laws of such jurisdictions as the Market-Maker reasonably
requests in writing and do any and all other acts or things necessary or
advisable to enable the offer and sale in such jurisdictions of the Registrable
Securities or New Securities covered by the Market-Making Registration
Statement; provided that no Issuer will be required to qualify generally
to do business in any jurisdiction where it is not then so qualified or to
take
any action which would subject it to general service of process or to taxation
in any such jurisdiction where it is not then so subject.
(d) The
Issuers represent that the Market-Making Registration Statement, any
post-effective amendments thereto, any amendments or supplements to the related
prospectus and any documents filed by them under the Exchange Act will, when
they become effective or are filed with the Commission, as the case may be,
conform in all material respects to the requirements of the Securities Act
and
the Exchange Act and the rules and regulations of the
Commission thereunder and will not, as of the effective date of the
Market-Making Registration Statement or post-effective amendments and as of
the
filing date of amendments or supplements to such prospectus or filings under
the
Exchange Act, 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 light of the circumstances under which they were made not misleading;
provided that no representation or warranty is made as to information
contained in or omitted from the Market-Making Registration Statement or the
related prospectus in reliance upon and in conformity with written information
furnished to the Issuers by the Market-Maker specifically for inclusion therein,
which information the parties hereto agree will be limited to the statements
concerning the Market-Making activities of the Market-Maker to be set forth
on
the cover page and in the “Plan of Distribution” section of the
prospectus.
(e) At
the
time of effectiveness of the Market-Making Registration Statement (unless it
is
the same as the time of effectiveness of the Exchange Offer Registration
Statement or Shelf Registration Statement) and concurrently with each time
the
Market-Making Registration Statement or the related prospectus shall be amended
or such prospectus shall be supplemented, the Issuers shall (if requested in
writing by the Market-Maker) furnish the Market-Maker and its counsel with
a
certificate of an appropriate officer to the effect that:
(i) such
Market-Making Registration Statement has been declared effective;
(ii) in
the
case of an amendment or supplement, such amendment has become effective under
the Securities Act as of the date and time specified in such certificate, if
applicable; if required, such amendment or supplement to the prospectus was
filed with the Commission pursuant to the subparagraph of Rule 424(b) under
the Securities Act specified in such certificate on the date specified therein;
and
13
(iii) as
of the
date of such Market-Making Registration Statement, amendment or supplement,
as
applicable, such Market-Making Registration Statement and the prospectus, as
amended or supplemented, if applicable, did not include any untrue statement
of
a material fact and did not omit to state a material fact required to be stated
therein or necessary to make the statements therein (in the case of the
prospectus, in light of the circumstances under which they were made) not
misleading.
(f) The
Issuers, on the one hand, and the Market-Maker, on the other hand, hereby agree
to indemnify each other, and, if applicable, contribute to the other, in
accordance with Section 7 of this Agreement.
(g) The
Issuers will comply with the provisions of this Section 4 at its own
expense.
(h) The
agreements contained in this Section 4 and the representations, warranties
and agreements contained in this Agreement shall survive all offers and sales
of
the Registrable Securities or New Securities and shall remain in full force
and
effect, regardless of any termination or cancellation of agreements outside
this
Section 4 of this Agreement or any investigation made by or on behalf of any
indemnified party.
(i) For
purposes of this Section 4, any reference to the terms “amend,” “amendment”
or “supplement” with respect to a Market-Making Registration Statement or the
prospectus contained therein shall be deemed to refer to and include the filing
under the Exchange Act of any document deemed to be incorporated therein by
reference.
5. Additional
Registration Procedures. In connection with any Shelf
Registration Statement and, to the extent applicable, any Exchange Offer
Registration Statement, the following provisions shall apply.
(a) The
Issuers shall:
(i) furnish,
in each case if requested in writing, to each of the Representatives, in the
case of an Exchange Offer Registration Statement, and to counsel for the Holders
of Registrable Securities in the case of a Shelf Registration Statement, not
less than five Business Days prior to the filing thereof with the Commission,
a
copy of any Exchange Offer Registration Statement, as applicable, and any Shelf
Registration Statement, and each amendment thereof and each amendment or
supplement, if any, to the Prospectus included therein and shall use their
commercially reasonable efforts to reflect in each such document, when so filed
with the Commission, such comments as the Representatives reasonably
propose;
(ii) include
the information set forth in Annex B hereto on the facing page of the Exchange
Offer Registration Statement, in Annex C hereto in the forepart of the Exchange
Offer Registration Statement in a section setting forth details of the
Registered Exchange Offer, in Annex D hereto in the underwriting or plan of
distribution section of the Prospectus contained in the Exchange Offer
14
Registration
Statement, and in Annex E hereto in the letter of transmittal delivered pursuant
to the Registered Exchange Offer;
(iii) if
requested by an Initial Purchaser, include the information required by Item
507
or 508 of Regulation S-K, as applicable, in the Prospectus contained in the
Exchange Offer Registration Statement; and
(iv) in
the
case of a Shelf Registration Statement, include the names of the Holders that
propose to sell Securities pursuant to the Shelf Registration Statement as
selling security holders.
(b) The
Issuers shall ensure that:
(i) any
Registration Statement and any amendment thereto and any Prospectus forming
part
thereof and any amendment or supplement thereto complies in all material
respects with the Securities Act; and
(ii) any
Registration Statement and any amendment thereto does not, when it becomes
effective, 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 not misleading, it being understood that, with respect to the
information about Holders in any Shelf Registration Statement, the Issuers
will
be relying solely on responses provided by Holders to a notice and
questionnaire.
(c) The
Issuers shall advise the Representatives and, to the extent the Issuers have
been provided in writing a telephone or facsimile number and address for
notices, the Holders of Securities covered by any Shelf Registration Statement
and any Exchanging Dealer under any Exchange Offer Registration Statement,
and,
if requested by any Representative or any such Holder or Exchanging Dealer,
shall confirm such advice in writing (which notice pursuant to clauses (ii)
through (v) hereof shall be accompanied by an instruction to suspend the use
of
the Prospectus until the Issuers shall have remedied the basis for such
suspension):
(i) when
a
Registration Statement and any amendment thereto has been filed with the
Commission and when the Registration Statement or any post-effective amendment
thereto has become effective;
(ii) of
any
request by the Commission for any amendment or supplement to the Registration
Statement or the Prospectus or for additional information;
(iii) of
the
issuance by the Commission of any stop order suspending the effectiveness of
the
Registration Statement or the institution or threatening of any proceeding
for
that purpose;
(iv) of
the
receipt by the Issuers of any notification with respect to the suspension of
the
qualification of the securities included therein for sale in any
15
jurisdiction
or the institution or threatening of any proceeding for such purpose;
and
(v) unless
notice has been provided pursuant to Section 5(k)(ii), of the happening of
any
event that requires any change in the Registration Statement or the Prospectus
so that, as of such date, such Registration Statement and Prospectus (A) do
not
contain any untrue statement of a material fact and (B) do not omit to state
a
material fact required to be stated therein or necessary to make the statements
therein (in the case of the Prospectus, in the light of the circumstances under
which they were made) not misleading.
(d) The
Issuers shall use their commercially reasonable efforts to obtain as soon as
possible the withdrawal of any order suspending the effectiveness of any
Registration Statement or the qualification of the securities therein for sale
in any jurisdiction.
(e) The
Issuers shall furnish, upon written request, to each Holder of Securities
covered by any Shelf Registration Statement, without charge, at least one copy
of such Shelf Registration Statement and any post-effective amendment thereto,
including all material incorporated therein by reference, and, if the Holder
so
requests in writing, all exhibits thereto (including exhibits incorporated
by
reference therein).
(f) The
Issuers shall, during the Shelf Registration Period, deliver to each Holder
of
Securities covered by any Shelf Registration Statement, without charge, as
many
copies of the Prospectus (including the preliminary Prospectus) included in
such
Shelf Registration Statement and any amendment or supplement thereto as such
Holder may reasonably request. The Issuers consent to the use of the
Prospectus or any amendment or supplement thereto by each of the selling Holders
of Securities in connection with the offering and sale of the Securities covered
by the Prospectus, or any amendment or supplement thereto, included in the Shelf
Registration Statement.
(g) The
Issuers shall furnish to each Exchanging Dealer which so requests, without
charge, at least one copy of the Exchange Offer Registration Statement and
any
post-effective amendment thereto, including all material incorporated by
reference therein, and, if the Exchanging Dealer so requests in writing, all
exhibits thereto (including exhibits incorporated by reference
therein).
(h) The
Issuers shall promptly deliver to each Initial Purchaser, each Exchanging Dealer
and each other person required to deliver a Prospectus during the Exchange
Offer
Registration Period, without charge, as many copies of the Prospectus included
in such Exchange Offer Registration Statement and any amendment or supplement
thereto as any such person may reasonably request. The Issuers
consent to the use of the Prospectus or any amendment or supplement thereto
by
any Initial Purchaser, any Exchanging Dealer and any such other person that
may
be required to deliver a Prospectus following the Registered Exchange Offer
in
connection with the offering and sale of the New Securities covered by the
Prospectus, or any amendment or supplement thereto, included in the Exchange
Offer Registration Statement.
16
(i) Prior
to
the Registered Exchange Offer or any other offering of Securities pursuant
to
any Registration Statement, the Issuers shall arrange, if necessary, for the
qualification of the Securities or the New Securities for sale under the laws
of
such jurisdictions as any Holder shall reasonably request and shall maintain
such qualification in effect so long as required; provided that no Issuer
will be required to qualify generally to do business in any jurisdiction where
it is not then so qualified or to take any action which would subject it to
general service of process or to taxation in any such jurisdiction where it
is
not then so subject.
(j) The
Issuers shall cooperate with the Holders of Securities to facilitate the timely
preparation and delivery of certificates representing New Securities or
Securities to be issued or sold pursuant to any Registration Statement free
of
any restrictive legends and in such denominations and registered in such names
as Holders may request.
(k) (i) Subject
to clause (ii) below, upon the occurrence of any event contemplated by
subsections (c)(ii) through (v) above, the Issuers shall promptly (or
within the time period provided for by clause (ii) hereof, if applicable)
prepare a post-effective amendment to the applicable Registration Statement
or
an amendment or supplement to the related Prospectus or file any other required
document so that, as thereafter delivered to Initial Purchasers of the
Securities included therein, the Prospectus will not 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 under which they were made, not misleading. In such
circumstances, the period of effectiveness of the Exchange Offer Registration
Statement provided for in Section 2 shall be extended by the number of days
from
and including the date of the giving of a notice of suspension pursuant to
Section 5(c) to and including the date when the Initial Purchasers, the Holders
of the Securities and any known Exchanging Dealer shall have received such
amended or supplemented Prospectus pursuant to this Section.
(ii) Upon
the
occurrence or existence of any pending corporate development or any other
material event that, in the reasonable judgment of the Issuers, makes it
appropriate to suspend the availability of a Shelf Registration Statement and
the related Prospectus, the Issuers shall give notice (without notice of the
nature or details of such events) to the Holders that the availability of the
Shelf Registration is suspended and, upon actual receipt of any such notice,
each Holder agrees not to sell any Registrable Securities pursuant to the Shelf
Registration until such Holder’s receipt of copies of the supplemented or
amended Prospectus provided for in clause (i) hereof, or until it is advised
in
writing by the Issuers that the Prospectus may be used, and has received copies
of any additional or supplemental filings that are incorporated or deemed
incorporated by reference in such Prospectus. The period during which
the availability of the Shelf Registration and any Prospectus is suspended
shall
not exceed 45 days in any three-month period or 90 days in any twelve-month
period.
(l) Not
later
than the effective date of any Registration Statement, the Issuers shall provide
a CUSIP number for the Securities or the New Securities, as the case may be,
registered under such Registration Statement and provide, as may be necessary,
the
17
Trustee
with printed certificates for such Securities or New Securities, in a form
eligible for deposit with The Depository Trust Company.
(m) The
Issuers shall comply with all applicable rules and regulations of the Commission
and shall make generally available to its security holders an earnings statement
satisfying the provisions of Section 11(a) of the Securities Act and Rule
158 thereunder as soon as practicable after the effective date of the applicable
Registration Statement and in any event no later than 45 days after the end
of a
12-month period (or 90 days, if such period is a fiscal year) beginning with
the
first month of the Issuers’ first fiscal quarter commencing after the effective
date of the applicable Registration Statement.
(n) The
Issuers shall cause the Indenture to be qualified under the Trust Indenture
Act
in a timely manner.
(o) The
Issuers may require each Holder of securities to be sold pursuant to any Shelf
Registration Statement to furnish to the Issuers such information regarding
the
Holder and the distribution of such securities as the Issuers may from time
to
time reasonably require for inclusion in such Registration
Statement. The Issuers may exclude from such Shelf Registration
Statement the Securities of any Holder that unreasonably fails to furnish such
information within a reasonable time after receiving such request.
(p) In
the
case of any Shelf Registration Statement, the Issuers shall enter into customary
agreements (including, if requested, an underwriting agreement in customary
form) and take all other appropriate actions in order to expedite or facilitate
the registration or the disposition of the Securities, and in connection
therewith, if an underwriting agreement is entered into, cause the same to
contain indemnification provisions and procedures no less favorable than those
set forth in Section 7 hereof (or such other provisions and procedures
acceptable to the Majority Holders and the Managing Underwriters, if any, with
respect to all parties to be indemnified pursuant to Section 7).
(q) In
the
case of any Shelf Registration Statement, the Issuers shall:
(ii) cause
each Issuers’ officers, directors, employees, accountants and auditors to supply
all relevant information reasonably requested by the Inspector or any such
underwriter, attorney or accountant in connection with any such Registration
Statement as is customary for similar due diligence examinations;
18
provided,
however, that any information that is designated in writing by the
Issuers, in good faith, as confidential at the time of delivery of such
information shall be kept confidential by such underwriter or underwriters
or
any such attorney or accountant, unless such disclosure is made in connection
with a court proceeding or required by law, or such information becomes
available to the public generally or through a third party without an
accompanying obligation of confidentiality;
(iii) make
such
representations and warranties to the Holders of Securities registered
thereunder and the underwriters, if any, in form, substance and scope as are
customarily made by issuers to underwriters in primary underwritten offerings
and covering matters including, but not limited to, those set forth in the
Purchase Agreement;
(iv) obtain
opinions of counsel to the Issuers and updates thereof (which counsel and
opinions (in form, scope and substance) shall be reasonably satisfactory to
the
Managing Underwriters, if any) addressed to each selling Holder and the
underwriters, if any, covering such matters as are customarily covered in
opinions requested in underwritten offerings and such other matters as may
be
reasonably requested by such Holders and underwriters;
(v) obtain
“comfort” letters and updates thereof from the independent certified public
accountants of the Issuers (and, if necessary, any other independent certified
public accountants of any subsidiary of the Issuers or of any business acquired
by the Issuers for which financial statements and financial data are, or are
required to be, included in the Registration Statement), addressed to each
selling Holder of Securities registered thereunder and the underwriters, if
any,
in customary form and covering matters of the type customarily covered in
“comfort” letters in connection with primary underwritten offerings;
and
(vi) deliver
such documents and certificates as may be reasonably requested by the Majority
Holders or the Managing Underwriters, if any, including those to evidence
compliance with Section 5(k) and with any customary conditions contained in
the
underwriting agreement or other agreement entered into by the
Issuers.
The
actions set forth in clauses (iii), (iv), (v) and (vi) of this paragraph (q)
shall be performed at (A) the effectiveness of such Registration Statement
and
each post-effective amendment thereto; and (B) each closing under any
underwriting or similar agreement as and to the extent required
thereunder.
(r) In
the
case of any Exchange Offer Registration Statement, the Issuers shall, if
requested by an Initial Purchaser, or by a broker-dealer that holds Securities
that were acquired as a result of market-making or other trading
activities:
(i) make
reasonably available for inspection by the requesting party, one attorney and
one firm of accountants designated by the requesting party, at
19
reasonable
times and in a reasonable manner, all relevant financial and other records,
pertinent corporate documents and properties of the Issuers and their
subsidiaries;
(ii) cause
each Issuers’ officers, directors, employees, accountants and auditors to supply
all relevant information reasonably requested by the requesting party or any
such attorney or accountant in connection with any such Registration Statement
as is customary for similar due diligence examinations; provided,
however, that any information that is designated in writing by the
Issuers, in good faith, as confidential at the time of delivery of such
information shall be kept confidential by such Initial Purchaser or any such
attorney or accountant, unless such disclosure is made in connection with a
court proceeding or required by law, or such information becomes available
to
the public generally or through a third party without an accompanying obligation
of confidentiality;
(iii) make
such
representations and warranties to the requesting party, in form, substance
and
scope as are customarily made by issuers to underwriters in primary underwritten
offerings and covering matters including, but not limited to, those set forth
in
the Purchase Agreement;
(iv) obtain
opinions of counsel to the Issuers and updates thereof (which counsel and
opinions (in form, scope and substance) shall be reasonably satisfactory to
the
requesting party and its counsel), addressed to the requesting party, covering
such matters as are customarily covered in opinions requested in underwritten
offerings and such other matters as may be reasonably requested by the
requesting party or its counsel;
(v) obtain
“comfort” letters and updates thereof from the independent certified public
accountants of the Issuers (and, if necessary, any other independent certified
public accountants of any subsidiary of the Issuers or of any business acquired
by the Issuers for which financial statements and financial data are, or are
required to be, included in the Registration Statement), addressed to the
requesting party, in customary form and covering matters of the type customarily
covered in “comfort” letters in connection with primary underwritten offerings,
or if requested by the requesting party or its counsel in lieu of a “comfort”
letter, an agreed-upon procedures letter under Statement on Auditing Standards
No. 35, covering matters requested by the requesting party or its counsel;
and
(vi) deliver
such documents and certificates as may be reasonably requested by the requesting
party or its counsel, including those to evidence compliance with Section 5(k)
and with conditions customarily contained in underwriting
agreements.
The
foregoing actions set forth in clauses (iii), (iv), (v), and (vi) of this
Section shall be performed at the close of the Registered Exchange Offer and
the
effective date of any post-effective amendment to the Exchange Offer
Registration Statement.
20
(s) If
a
Registered Exchange Offer is to be consummated, upon delivery of the Securities
by Holders to the Issuers (or to such other person as directed by the Issuers)
in exchange for the New Securities, the Issuers shall xxxx, or caused to be
marked, on the Securities so exchanged that such Securities are being cancelled
in exchange for the New Securities. In no event shall the Securities
be marked as paid or otherwise satisfied.
(t) The
Issuers shall use their commercially reasonable efforts if the Securities have
been rated prior to the initial sale of such Securities, to confirm such ratings
will apply to the Securities or the New Securities, as the case may be, covered
by a Registration Statement.
(u) In
the
event that any broker-dealer shall underwrite any Securities or participate
as a
member of an underwriting syndicate or selling group or “assist in the
distribution” (within the meaning of the Conduct Rules) thereof, whether as a
Holder of such Securities or as an underwriter, a placement or sales agent
or a
broker or dealer in respect thereof, or otherwise, the Issuers shall assist
such
broker-dealer in complying with the Conduct Rules.
(v) The
Issuers shall use their commercially reasonable efforts to take all other steps
necessary to effect the registration of the Securities or the New Securities,
as
the case may be, covered by a Registration Statement.
6. Registration
Expenses. The Issuers shall bear all expenses incurred in
connection with the performance of their obligations under Sections 2, 3, 4
and 5 hereof and, in the event of any Shelf Registration Statement, will
reimburse the Holders for the reasonable fees and disbursements of one firm
or
counsel (which shall initially be Xxxxxx Xxxxxx & Xxxxxxx llp, but which may
be another nationally recognized law firm experienced in securities matters
designated by the Majority Holders) to act as counsel for the Holders in
connection therewith, and, in the case of any Exchange Offer Registration
Statement, will reimburse the Initial Purchasers for the reasonable fees and
disbursements of such counsel acting in connection
therewith. Notwithstanding the foregoing, the Holders shall pay all
agency fees and commissions and underwriting discounts and commissions and
the
fees and disbursements of any counsel or other advisors or experts retained
by
such Holders (severally or jointly), other than the one counsel specifically
referred to above.
7. Indemnification
and Contribution.
(a) The
Issuers agree, jointly and severally, to indemnify and hold harmless each Holder
of Securities or New Securities, as the case may be, covered by any Registration
Statement, the Market-Maker with respect to any Market Making Registration
Statement, each Initial Purchaser and, with respect to any Prospectus delivery
as contemplated in Section 5(h) hereof, each Exchanging Dealer, the directors,
officers, employees, Affiliates and agents of each such Holder, Initial
Purchaser or Exchanging Dealer and each person who controls any such Holder,
Initial Purchaser or Exchanging Dealer within the meaning of either the
Securities Act or the Exchange Act against any and all losses, claims, damages
or liabilities, joint or several, to which they or any of them may 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
21
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 a Registration Statement as originally filed or in any
amendment thereof, in any Market Making Registration Statement as originally
filed or in any amendment thereof, or in any preliminary Prospectus or the
Prospectus, or in any amendment thereof or supplement thereto, or arise out
of
or are based upon the omission or alleged omission to state therein a material
fact required to be stated therein or necessary to make the statements therein
(in the case of any preliminary Prospectus or the Prospectus, in the light
of
the circumstances under which they were made) not misleading, and agrees to
reimburse each such indemnified party, as incurred, for any legal or other
expenses reasonably incurred by it in connection with investigating or defending
any such loss, claim, damage, liability or action; provided,
however, that no Issuer will be liable in any such case to the extent
that any such loss, claim, damage or liability arises out of or is based upon
any such untrue statement or alleged untrue statement or omission or alleged
omission made therein in reliance upon and in conformity with written
information furnished to the Issuers by or on behalf of any Initial Purchaser,
the Market-Maker or any Holder specifically for inclusion
therein. This indemnity agreement shall be in addition to any
liability that the Issuers may otherwise have.
Each
Issuer also jointly and severally agrees to indemnify as provided in this
Section 7(a) or contribute as provided in Section 7(d) hereof to Losses of
each
underwriter, if any, of Securities or New Securities, as the case may be,
registered under a Shelf Registration Statement, their directors, officers,
employees, Affiliates or agents and each person who controls such underwriter
on
substantially the same basis as that of the indemnification of the Initial
Purchasers and the selling Holders provided in this Section 7(a) and shall,
if
requested by any Holder, enter into an underwriting agreement reflecting such
agreement, as provided in Section 5(p) hereof.
(b) Each
Holder of Securities covered by a Registration Statement (including each Initial
Purchaser that is a Holder, in such capacity and the Market-Maker) severally
and
not jointly agrees to indemnify and hold harmless the Issuers, each of their
respective directors, each of their respective officers who signs such
Registration Statement and each person who controls the Issuers within the
meaning of either the Securities Act or the Exchange Act, to the same extent
as
the foregoing indemnity from the Issuers to each such Holder, but only with
reference to written information relating to such Holder furnished to the
Issuers by or on behalf of such Holder specifically for inclusion in the
documents referred to in the foregoing indemnity. This indemnity
agreement will be in addition to any liability that any such Holder may
otherwise have.
(c) Promptly
after receipt by an indemnified party under this Section 7 or notice of the
commencement of any action, such indemnified party will, if a claim in respect
thereof is to be made against the indemnifying party under this Section, notify
the indemnifying party in writing of the commencement thereof; but the failure
so to notify the indemnifying party (i) will not relieve it from liability
under paragraph (a) or (b) above unless and to the extent it did not
otherwise learn of such action and such failure results in the forfeiture by
the
indemnifying party of substantial rights and defenses; and (ii) will not,
in any event, relieve the indemnifying party from any obligations to any
indemnified party other than the indemnification obligation provided in
paragraph (a) or (b) above. The indemnifying party shall be
entitled to appoint counsel (including local counsel) of the indemnifying
party’s choice at the indemnifying party’s
22
expense
to represent the indemnified party in any action for which indemnification
is
sought (in which case the indemnifying party shall not thereafter be responsible
for the fees and expenses of any separate counsel, other than local counsel
if
not appointed by the indemnifying party, retained by the indemnified party
or
parties except as set forth below); provided, however, that such
counsel shall be reasonably satisfactory to the indemnified
party. Notwithstanding the indemnifying party’s election to appoint
counsel (including local counsel) to represent the indemnified party in an
action, the indemnified party shall have the right to employ separate counsel
(including local counsel), and the indemnifying party shall bear the reasonable
fees, costs and expenses of such separate counsel if (i) the use of counsel
chosen by the indemnifying party to represent the indemnified party 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 party and the indemnifying party and the indemnified party shall
have reasonably concluded that there may be legal defenses available to it
and/or other indemnified parties that are different from or additional to those
available to the indemnifying party; (iii) the indemnifying party shall not
have employed counsel reasonably satisfactory to the indemnified party to
represent the indemnified party within a reasonable time after notice of the
institution of such action; or (iv) the indemnifying party shall authorize
the indemnified party to employ separate counsel at the expense of the
indemnifying party. An indemnifying party will not, without the prior
written consent of the indemnified parties (such consent not be to unreasonably
withheld or delayed), settle 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 indemnified party from all liability
arising out of such claim, action, suit or proceeding.
(d) In
the
event that the indemnity provided in paragraph (a) or (b) of this Section
is unavailable to or insufficient to hold harmless an indemnified party for
any
reason, then each applicable indemnifying party shall have a joint and several
obligation to contribute to the aggregate losses, claims, damages and
liabilities (including legal or other expenses reasonably incurred in connection
with investigating or defending any loss, claim, liability, damage or action)
(collectively “Losses”) to which such indemnified party may be subject in
such proportion as is appropriate to reflect the relative benefits received
by
such indemnifying party, on the one hand, and such indemnified party, on the
other hand, from the Initial Placement and the Registration Statement or Market
Maker Registration Statement which resulted in such Losses; provided,
however, that in no case shall any Initial Purchaser be responsible,
in
the aggregate, for any amount in excess of the purchase discount or commission
applicable to such Security, or in the case of a New Security, applicable to
the
Security that was exchangeable into such New Security, as set forth in the
Final
Memorandum, nor shall any underwriter be responsible for any amount in excess
of
the underwriting discount or commission applicable to the securities purchased
by such underwriter under the Registration Statement or Market Maker
Registration Statement which resulted in such Losses. If the
allocation provided by the immediately preceding sentence is unavailable for
any
reason, the indemnifying party and the indemnified party shall contribute in
such proportion as is appropriate to reflect not only such relative benefits
but
also the relative fault of such indemnifying party, on the one hand, and such
indemnified party, on the other hand, in connection with the statements or
omissions which resulted in such Losses as well as any other relevant equitable
considerations. Benefits received
23
by
the
Issuer shall be deemed to be equal to the total net proceeds from the Initial
Placement (before deducting expenses) as set forth in the Final
Memorandum. Benefits received by the Initial Purchasers shall be
deemed to be equal to the total purchase discounts and commissions as set forth
on the cover page of the Final Memorandum, and benefits received by any other
Holders or the Market-Maker shall be deemed to be equal to the value of
receiving Securities or New Securities, as applicable, registered under the
Securities Act. Benefits received by any underwriter shall be deemed
to be equal to the total underwriting discounts and commissions, as set forth
on
the cover page of the Prospectus forming a part of the Registration Statement
which resulted in such Losses. Relative fault shall be determined by
reference to, among other things, whether any untrue or any alleged untrue
statement of a material fact or omission or alleged omission to state a material
fact relates to information provided by the indemnifying party, on the one
hand,
or by the indemnified party, on the other hand, the intent of the parties and
their relative knowledge, access to information and opportunity to correct
or
prevent such untrue statement or omission. The parties agree
that it would not be just and equitable if contribution were determined by
pro
rata allocation (even if the Holders were treated as one entity for such
purpose) or any other method of allocation which does not take account of the
equitable considerations referred to above. Notwithstanding the
provisions of this paragraph (d), 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, each
person who controls a Holder within the meaning of either the Securities Act
or
the Exchange Act and each director, officer, employee and agent of such Holder
shall have the same rights to contribution as such Holder, and each person
who
controls any Issuer within the meaning of either the Securities Act or the
Exchange Act, each officer, director, employee and agent of Issuers who shall
have signed the Registration Statement or Market Making Registration Statement
and each director of the Issuers shall have the same rights to contribution
as
the Issuers, subject in each case to the applicable terms and conditions of
this
paragraph (d).
(e) The
provisions of this Section will remain in full force and effect, regardless
of
any investigation made by or on behalf of any Holder or the Issuers or any
of
the indemnified persons referred to in this Section 7, and will survive the
sale
by a Holder of securities covered by a Registration Statement.
8. Underwritten
Registrations.
(a) If
any of
the Securities or New Securities, as the case may be, covered by any Shelf
Registration Statement are to be sold in an underwritten offering, the Managing
Underwriters shall be selected by the Majority Holders.
(b) No
person
may participate in any underwritten offering pursuant to any Shelf Registration
Statement, unless such person (i) agrees to sell such person’s Securities or New
Securities, as the case may be, on the basis reasonably provided in any
underwriting arrangements approved by the persons entitled hereunder to approve
such arrangements; and (ii) completes and executes all questionnaires,
powers of attorney, indemnities, underwriting agreements and other documents
reasonably required under the terms of such underwriting
arrangements.
24
9. Registration
Defaults. The Issuers agree to pay, jointly and severally, as
liquidated damages, additional interest on the Senior Notes (“Additional
Interest”) if:
(a) on
or
prior to the 367th day after the Closing Date, the Issuers have not exchanged
New Securities for all Securities tendered in accordance with the terms of
a
Registered Exchange Offer;
(b) on
or
prior to the 367th day after the Closing Date, a Shelf Registration Statement
has not been declared effective, if applicable; or
(c) any
Registration Statement required by this Agreement has been declared effective
but ceases to be effective at any time at which it is required to be effective
under this Agreement
(each
such event referred to in clauses (a) through (c) a “Registration
Default”), then, except during any suspension of the availability of the
Shelf Registration and any related Prospectus pursuant to Section 5(k)(ii),
Additional Interest will accrue on the principal amount of the applicable series
of Securities (in addition to the stated interest on the applicable set of
Securities) at a rate of 0.25 percent per annum (which rate will be increased
by
an additional 0.25 percent per annum for each subsequent 90-day period during
which such Additional Interest continues to accrue; provided that the
rate at which such Additional Interest accrues may in no event exceed 0.50
percent per annum) commencing on (x) the 368th day after the date of this
Agreement, in the cases of subsections (a) and (b) above, or (y) the day on
which such Shelf Registration Statement ceases to be effective, in the case
of
subsection (c) above; provided, however, that upon the exchange of
New Securities for all Securities tendered (in the case of subsection (a)
above), or upon the effectiveness of a Shelf Registration Statement (in the
case
of subsection (b) above) or upon the effectiveness of the Registration Statement
which had ceased to remain effective (in the case of subsection (c) above),
Additional Interest on such Securities as a result of such subsection shall
cease to accrue.
Any
amounts of Additional Interest due will be payable on the same original interest
payment dates as interest on the Senior Notes is payable. Such
Additional Interest will be payable in the form of additional Senior Notes
if
the then applicable interest rate thereon exceeds 10.375% with respect to the
Senior Notes.
10. No
Inconsistent Agreements. Each Issuer has not entered into, and
agrees not to enter into, any agreement with respect to its securities that
is
inconsistent with the rights granted to the Holders herein or that otherwise
conflicts with the provisions hereof.
11. Amendments
and Waivers. The provisions of this Agreement may not be amended,
qualified, modified or supplemented, and waivers or consents to departures
from
the provisions hereof may not be given, unless the Issuers have obtained the
written consent of the Holders of a majority of the aggregate principal amount
of the Registrable Securities outstanding (and, with respect to the provisions
of Section 4 hereof, the written consent of the Market-Maker); provided
that, with respect to any matter that directly or indirectly affects the rights
of any Initial Purchaser hereunder, the Issuers shall obtain the written consent
of each such Initial Purchaser against which such amendment, qualification,
supplement, waiver or consent is to be
25
effective;
provided, further, that no amendment, qualification, supplement,
waiver or consent with respect to Section 9 hereof shall be effective as against
any Holder of Registered Securities unless consented to in writing by such
Holder; and provided, further, that the provisions of this Section
11 may not be amended, qualified, modified or supplemented, and waivers or
consents to departures from the provisions hereof may not be given, unless
the
Issuers have obtained the written consent of the Initial Purchasers and each
Holder. Notwithstanding the foregoing (except the foregoing
provisos), a waiver or consent to departure from the provisions hereof with
respect to a matter that relates exclusively to the rights of Holders whose
Securities or New Securities, as the case may be, are being sold pursuant to
a
Registration Statement and that does not directly or indirectly affect the
rights of other Holders may be given by the Majority Holders, determined on
the
basis of Securities or New Securities, as the case may be, being sold rather
than registered under such Registration Statement.
12. Notices. All
notices, requests and other communications provided for or permitted hereunder
shall be made in writing by hand-delivery, first-class mail, telex, telecopier
or air courier guaranteeing overnight delivery:
(a) if
to a
Holder or the Market-Maker, at the most current address given by such Holder
or
the Market-Maker to the Issuers in accordance with the provisions of this
Section 12, which address initially is, with respect to each Holder, the address
of such Holder maintained by the Trustee under the Indenture;
(b) if
to the
Representatives, initially at the address or addresses set forth in the Purchase
Agreement; and
(c) if
to the
Issuers, initially at its address set forth in the Purchase
Agreement.
All
such
notices and communications shall be deemed to have been duly given when
received.
The
Initial Purchasers or the Issuers by notice to the other parties may designate
additional or different addresses for subsequent notices or
communications.
13. Successors. This
Agreement shall inure to the benefit of and be binding upon the parties hereto,
their respective successors and assigns, including, without the need for an
express assignment or any consent by the Issuers thereto, subsequent Holders
of
Securities and the New Securities, and the indemnified persons referred to
in
Section 7 hereof. The Issuers hereby agree to extend the benefits of
this Agreement to any Holder of Securities and the New Securities, and any
such
Holder may specifically enforce the provisions of this Agreement as if an
original party hereto.
14. Counterparts. This
Agreement may be signed in one or more counterparts, each of which shall
constitute an original and all of which together shall constitute one and the
same agreement.
15. Headings. The
section headings used herein are for convenience only and shall not affect
the
construction hereof.
26
16. Applicable
Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York applicable to contracts made
and to be performed in the State of New York. The parties hereto each
hereby waive, to the fullest extent permitted by applicable law, any right
to
trial by jury in any action, proceeding or counterclaim arising out of or
relating to this Agreement.
17. Severability. In
the event that any one of more of the provisions contained herein, or the
application thereof in any circumstances, is held invalid, illegal or
unenforceable in any respect for any reason, the validity, legality and
enforceability of any such provision in every other respect and of the remaining
provisions hereof shall not be in any way impaired or affected thereby, it
being
intended that all of the rights and privileges of the parties shall be
enforceable to the fullest extent permitted by law.
18. Securities
Held by the Issuers, etc. Whenever the consent or approval of
Holders of a specified percentage of principal amount of Securities or New
Securities is required hereunder, Securities or New Securities, as applicable,
held by the Issuers or their Affiliates (other than subsequent Holders of
Securities or New Securities if such subsequent Holders are deemed to be
Affiliates solely by reason of their holdings of such Securities or New
Securities) shall not be counted in determining whether such consent or approval
was given by the Holders of such required percentage.
27
If
the
foregoing is in accordance with your understanding of our agreement, please
sign
and return to us the enclosed duplicate hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the Issuers and the
several Initial Purchasers.
Very
truly
yours,
ALLTEL
COMMUNICATIONS,
INC.
By: /s/
Xxxxxxxx X. Xxxxxxx
Name: Xxxxxxxx X. Xxxxxxx
Title:
Executive Vice
President and Chief
Financial
Officer
ALLTEL
COMMUNICATIONS, FINANCE, INC.
By:
/s/ Xxxxxxxx X. Xxxxxxx
Name: Xxxxxxxx X. Xxxxxxx
Title: Executive Vice President and Chief
Financial Officer
ALLTEL
CORPORATION
By:
/s/ Xxxxxxxx X. Xxxxxxx
Name: Xxxxxxxx X. Xxxxxxx
Title: Executive Vice President and Chief
Financial Officer
EACH
OF THE
SUBSIDIARY GUARANTORS
LISTED
ON ANNEX A
HERETO
By:
/s/ Xxxxxxxx X. Xxxxxxx
Name: Xxxxxxxx X. Xxxxxxx
Title: Authorized Signatory
28
The
foregoing Agreement is hereby confirmed and
accepted
as of the date first above written.
CITIGROUP
GLOBAL MARKETS INC.
XXXXXXX,
XXXXX & CO.
By: Citigroup
Global Markets Inc.
By
/s/ Xxxx
XxxXxxxxx
Name:
Xxxx XxxXxxxxx
Title:
Managing Director
For
itself and the other several Initial
Purchasers
named in Schedule I to the
Purchase
Agreement.
29
ANNEX
A
Subsidiary
Guarantors
ACI
Procurement Company LP
|
ALLTEL
Cellular Associates of Arkansas Limited Partnership
|
ALLTEL
Communications Investments, Inc.
|
ALLTEL
Communications of Michigan RSA #4, Inc.
|
ALLTEL
Communications of Michigan RSA #6 Cellular Limited
Partnership
|
ALLTEL
Communications of Michigan RSAs, Inc.
|
ALLTEL
Communications of Mississippi RSA #2, Inc.
|
ALLTEL
Communications of Mississippi RSA #6, Inc.
|
ALLTEL
Communications of Mississippi RSA #7, Inc.
|
ALLTEL
Communications of Nebraska, Inc.
|
ALLTEL
Communications of New Mexico, Inc.
|
ALLTEL
Communications of North Arkansas, Inc.
|
ALLTEL
Communications of North Louisiana Cellular Limited
Partnership
|
ALLTEL
Communications of Ohio No. 2, Inc.
|
ALLTEL
Communications of Ohio No. 3, Inc.
|
ALLTEL
Communications of Petersburg, Inc.
|
ALLTEL
Communications of Pine Bluff, LLC
|
ALLTEL
Communications of Saginaw, Inc.
|
ALLTEL
Communications of South Arkansas, Inc.
|
ALLTEL
Communications of Southern Michigan Cellular Limited
Partnership
|
ALLTEL
Communications of Southern Michigan, Inc.
|
ALLTEL
Communications of Southwest Arkansas Cellular Limited
Partnership
|
ALLTEL
Communications of Texarkana, Inc.
|
ALLTEL
Communications of Texas Limited Partnership
|
ALLTEL
Communications of the Southwest Limited Partnership
|
ALLTEL
Communications of Virginia No. 1, Inc.
|
ALLTEL
Communications of Virginia, Inc.
|
ALLTEL
Communications Southwest Holdings,
Inc.
|
A-1
ALLTEL
Communications Wireless of Louisiana, Inc.
|
ALLTEL
Communications Wireless, Inc.
|
Alltel
Group
|
Alltel
Group LLC
|
Alltel
Incentives LLC
|
ALLTEL
International Holding, Inc.
|
ALLTEL
Investments, Inc.
|
ALLTEL
Mobile of Louisiana, LLC
|
ALLTEL
Newco LLC
|
ALLTEL
Ohio Limited Partnership
|
ALLTEL
Properties, LLC
|
ALLTEL
Remote Access, Inc.
|
ALLTEL
Telelink, Inc.
|
ALLTEL
Wireless Holdings of Nebraska, Inc.
|
ALLTEL
Wireless Holdings, LLC
|
ALLTEL
Wireless of Alexandria, LLC
|
ALLTEL
Wireless of LaCrosse, LLC
|
ALLTEL
Wireless of Michigan RSA #1 and RSA #2, Inc.
|
ALLTEL
Wireless of Mississippi RSA #5, LLC
|
ALLTEL
Wireless of North Louisiana, LLC
|
ALLTEL
Wireless of Shreveport, LLC
|
ALLTEL
Wireless of Texarkana, LLC
|
ALLTEL
Wireless of Wisconsin Appleton-Oshkosh- Neenah MSA, LLC
|
ALLTEL
Wireless of Wisconsin RSA #1, LLC
|
ALLTEL
Wireless of Wisconsin RSA #10, LLC
|
ALLTEL
Wireless of Wisconsin RSA #2, LLC
|
ALLTEL
Wireless of Wisconsin RSA #3, LLC
|
ALLTEL
Wireless of Wisconsin RSA #6, LLC
|
ALLTEL
Wireless of Wisconsin RSA #8, LLC
|
Appleton-Oshkosh-Neenah
MSA Limited Partnership
|
Cellular
of Southern Illinois, Inc.
|
A-2
Celutel,
Inc.
|
Central
Florida Cellular Telephone Company, Inc.
|
Control
Communications Industries, Inc.
|
CP
National Corporation
|
Dynalex,
Inc.
|
Eau
Claire Cellular Telephone Limited Partnership
|
Eau
Claire Cellular, Inc.
|
First
Wireless, LLC
|
Great
Western Cellular Holdings, LLC
|
ID
Holding, LLC
|
KIN
Network, Inc.
|
Midwest
Wireless Communications L.L.C.
|
Midwest
Wireless Holdings L.L.C.
|
Midwest
Wireless Iowa L.L.C.
|
Midwest
Wireless Wisconsin L.L.C.
|
Minford
Cellular Telephone Company
|
MVI
Corp.
|
N12AR,
LLC
|
North-West
Cellular of Eau Claire, Inc.
|
Ocean
Technology, Inc.
|
Ocean
Technology International, Inc.
|
Pacific
Telecom Cellular of Washington, Inc.
|
Pacific
Telecom Cellular, Inc.
|
Pascagoula
Cellular Services, Inc.
|
Radiofone,
Inc.
|
RCTC
Wholesale Corporation
|
Saginaw
Bay Cellular Company
|
Six
Zulu Echo, LLC
|
Southern
Illinois Cellular Corp.
|
Southern
Illinois RSA Partnership
|
Switch
2000 LLC
|
A-3
Telecor
Cellular, Inc.
|
Tucson
21 Cellular Limited Partnership
|
UC/PTC
of Wisconsin, LLC
|
Universal
Cellular, Inc.
|
Virginia
Cellular LLC
|
Western
CLEC Corporation
|
Western
COG Corporation
|
Western
Wireless International Austria Corporation
|
Western
Wireless International Bolivia III Corporation
|
Western
Wireless International Corporation
|
Western
Wireless International Georgia Corporation
|
Western
Wireless International Ghana Corporation
|
Western
Wireless International Haiti Corporation
|
Western
Wireless International Holding Corporation
|
Western
Wireless International Ivory Coast Corporation
|
Western
Wireless International Ivory Coast II Corporation
|
Western
Wireless International Kosovo Corporation
|
Western
Wireless International SakSat Corporation
|
Western
Wireless International Slovenia Corporation
|
Western
Wireless International Slovenia II Corporation
|
Western
Wireless LLC
|
WWC
CLEC Holding Corporation
|
WWC
Holding Co., Inc.
|
WWC
License Holding LLC
|
WWC
License LLC
|
WWC
Systems Purchasing Corporation
|
WWC
Texas RSA Holding Corporation
|
WWC
Texas RSA Limited Partnership
|
A-4
ANNEX
B
Each
broker-dealer that receives new securities for its own account pursuant to
the
Exchange Offer must acknowledge that it will deliver a prospectus in connection
with any resale of such new securities. The Letter of Transmittal
states that by so acknowledging and by delivering a prospectus, a broker-dealer
will not be deemed to admit that it is an “underwriter” within the
meaning of the Securities Act. This prospectus, as it may be amended
or supplemented from time to time, may be used by a broker-dealer in connection
with resales of new securities received in exchange for securities where such
securities were acquired by such broker-dealer as a result of market-making
activities or other trading activities. The issuers have agreed that,
starting on the expiration date of the exchange offer and ending on the close
of
business 180 days after the expiration of the exchange offer, they will make
this prospectus available to any broker-dealer for use in connection with any
such resale. See “Plan of Distribution.”
B-1
ANNEX
C
Each
broker-dealer that receives new securities for its own account in exchange
for
securities, where such securities were acquired by such broker-dealer as a
result of market-making activities or other trading activities, must acknowledge
that it will deliver a prospectus in connection with any resale of such new
securities. See “Plan of Distribution.”
C-1
ANNEX
D
PLAN
OF DISTRIBUTION
Each
broker-dealer that receives new securities for its own account pursuant to
the
Exchange Offer must acknowledge that it will deliver a prospectus in connection
with any resale of such new securities. This prospectus, as it may be
amended or supplemented from time to time, may be used by a broker-dealer in
connection with resales of new securities received in exchange for securities
where such securities were acquired as a result of market-making activities
or
other trading activities. The issuers have agreed that, starting on
the expiration date of the Exchange Offer and ending on the close of business
180 days after the expiration date of the Exchange Offer, they will make this
prospectus, as amended or supplemented, available to any broker-dealer for
use
in connection with any such resale. In addition, until __________,
______, all dealers effecting transactions in the new securities may be required
to deliver a prospectus.
The
issuers will not receive any proceeds from any sale of new securities by
broker-dealers. New securities received by broker-dealers for their
own account pursuant to the Exchange Offer may be sold from time to time in
one
or more transactions in the over-the-counter market, in negotiated transactions,
through the writing of options on the new securities or a combination of such
methods of resale, at market prices prevailing at the time of resale, at prices
related to such prevailing market prices or negotiated prices. Any
such resale may be made directly to purchasers or to or through brokers or
dealers who may receive compensation in the form of commissions or concessions
from any such broker-dealer and/or the purchasers of any such new
securities. Any broker-dealer that resells new securities that were
received by it for its own account pursuant to the Exchange Offer and any broker
or dealer that participates in a distribution of such new securities may be
deemed to be an “underwriter” within the meaning of the Securities Act and any
profit of any such resale of new securities and any commissions or concessions
received by any such persons may be deemed to be underwriting compensation
under
the Securities Act. The Letter of Transmittal states that by
acknowledging that it will deliver and by delivering a prospectus, a
broker-dealer will not be deemed to admit that it is an “underwriter” within the
meaning of the Securities Act.
For
a
period of 180 days after the expiration of the Exchange Offer, the issuers
will
promptly send additional copies of this prospectus and any amendment or
supplement to this prospectus to any broker-dealer that requests such documents
in the Letter of Transmittal. The issuers have agreed to pay all
expenses incident to the Exchange Offer (including the expenses of one counsel
for the holder of the securities) other than commissions or concessions of
any
brokers or dealers and will indemnify the holders of the securities (including
any broker-dealers) against certain liabilities, including liabilities under
the
Securities Act.
[If
applicable, add information required by Regulation S-K Items 507 and/or
508.]
D-1
ANNEX
E
Rider
A
PLEASE
FILL IN YOUR NAME AND ADDRESS BELOW IF YOU ARE A BROKER-DEALER AND WISH TO
RECEIVE 10 ADDITIONAL COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY AMENDMENTS
OR SUPPLEMENTS THERETO.
Address:
Rider
B
If
the
undersigned is not a broker-dealer, the undersigned represents that it acquired
the New Securities in the ordinary course of its business, it is not engaged
in,
and does not intend to engage in, a distribution of New Securities and it has
no
arrangements or understandings with any person to participate in a distribution
of the New Securities. If the undersigned is a broker-dealer that
will receive New Securities for its own account in exchange for Securities,
it
represents that the Securities to be exchanged for New Securities were acquired
by it as a result of market-making activities or other trading activities and
acknowledges that it will deliver a prospectus in connection with any resale
of
such New Securities; however, by so acknowledging and by delivering a
prospectus, the undersigned will not be deemed to admit that it is an
“underwriter” within the meaning of the Securities Act.
E-1