REGISTRATION RIGHTS AGREEMENT by and among Fidelity National Information Services, Inc. , the Guarantors named herein, and Banc of America Securities LLC Goldman, Sachs and Co. J.P. Morgan Securities Inc. Wells Fargo Securities, LLC Dated as of July...
Exhibit 4.2
by and among
Fidelity National Information Services, Inc. ,
the Guarantors named herein,
the Guarantors named herein,
and
Banc of America Securities LLC
Xxxxxxx, Xxxxx and Co.
X.X. Xxxxxx Securities Inc.
Xxxxx Fargo Securities, LLC
Xxxxxxx, Xxxxx and Co.
X.X. Xxxxxx Securities Inc.
Xxxxx Fargo Securities, LLC
Dated as of July 16, 2010
This Registration Rights Agreement (this “Agreement”) is made and entered into as of July 16,
2010, by and among Fidelity National Information Services, Inc., a Georgia corporation (the
“Company”), the entities listed on the signature pages hereof as “Guarantors” (collectively, the
“Guarantors”), and Banc of America Securities LLC, Xxxxxxx, Sachs and Co., X.X. Xxxxxx Securities
Inc., and Xxxxx Fargo Securities, LLC, as representatives of the several Initial Purchasers named
in Schedule A (collectively, the “Initial Purchasers”), each of whom has agreed to purchase
(x) the Company’s 7.625% Senior Notes due 2017 (the “2017 Initial Notes”), fully and
unconditionally guaranteed by the Guarantors (the “2017 Note Guarantees”), and (y) the Company’s
7.875% Senior Notes due 2020 (the “2020 Initial Notes” and, together with the 2017 Initial Notes,
the “Initial Notes”), fully and unconditionally guaranteed by the Guarantors (the “2020 Note
Guarantees” and, together with the 2017 Note Guarantees, the “Guarantees”), in each case pursuant
to the Purchase Agreement (as defined below). The 2017 Initial Notes and the 2017 Note Guarantees
attached thereto are herein collectively referred to as the “2017 Initial Securities.” The 2020
Initial Notes and the 2020 Note Guarantees attached thereto are herein collectively referred to as
the “2020 Initial Securities.” The 2017 Initial Securities and the 2020 Initial Securities are
herein collectively referred to as the “Initial Securities.”
This Agreement is made pursuant to the Purchase Agreement, dated July 16, 2010 (the “Purchase
Agreement”), among the Company, the Guarantors and Banc of America Securities LLC, as
representative of the Initial Purchasers, (i) for the benefit of the Initial Purchasers and (ii)
for the benefit of the holders from time to time of the Initial Securities, including the Initial
Purchasers. In order to induce the Initial Purchasers to purchase the Initial Securities, the
Company has agreed to provide the registration rights set forth in this Agreement. The execution
and delivery of this Agreement is a condition to the obligations of the Initial Purchasers set
forth in Section 5(f) of the Purchase Agreement.
The parties hereby agree as follows:
SECTION
1. Definitions. As used in this Agreement, the following capitalized terms shall have
the following meanings:
2017 Exchange Securities: The 7.625% Senior Notes due 2017, of the same series under the
Indenture as the 2017 Initial Notes and the 2017 Note Guarantees attached thereto, to be issued to
Holders in exchange for the 2017 Transfer Restricted Securities pursuant to this Agreement.
2017 Initial Notes: As defined in the preamble hereto.
2017 Initial Securities: As defined in the preamble hereto.
2017 Note Exchange Offer: The registration by the Company under the Securities Act of the
2017 Exchange Securities pursuant to a Registration Statement pursuant to which the Company offers
the Holders of all outstanding 2017 Transfer Restricted Securities the opportunity to exchange all
outstanding 2017 Transfer Restricted Securities held by such Holders
for 2017 Ex-
change Securities in an aggregate principal amount equal to the aggregate principal amount of
the 2017 Transfer Restricted Securities tendered in such exchange offer by such Holders.
2017 Note Guarantees: As defined in the preamble hereto.
2017 Transfer Restricted Securities: Each 2017 Initial Security, until the earliest to occur
of (a) the date on which such 2017 Initial Security is exchanged in the 2017 Note Exchange Offer
for a 2017 Exchange Security entitled to be resold to the public by the Holder thereof without
complying with the prospectus delivery requirements of the Securities Act, (b) the date on which
such 2017 Initial Security has been effectively registered under the Securities Act and disposed of
in accordance with a Shelf Registration Statement, (c) the date on which such 2017 Initial Security
is distributed to the public by a Broker-Dealer pursuant to the “Plan of Distribution” contemplated
by the Exchange Offer Registration Statement (including delivery of the Prospectus contained
therein) and (d) the date immediately following the Consummation of the 2017 Note Exchange Offer if
such 2017 Initial Security was eligible to be exchanged in the 2017 Note Exchange Offer.
2020 Exchange Securities: The 7.875% Senior Notes due 2020, of the same series under the
Indenture as the 2020 Initial Notes and the 2020 Note Guarantees attached thereto, to be issued to
Holders in exchange for the 2020 Transfer Restricted Securities pursuant to this Agreement.
2020 Initial Notes: As defined in the preamble hereto.
2020 Initial Securities: As defined in the preamble hereto.
2020 Note Exchange Offer: The registration by the Company under the Securities Act of the
2020 Exchange Securities pursuant to a Registration Statement pursuant to which the Company offers
the Holders of all outstanding 2020 Transfer Restricted Securities the opportunity to exchange all
outstanding 2020 Transfer Restricted Securities held by such Holders for 2020 Exchange Securities
in an aggregate principal amount equal to the aggregate principal amount of the 2020 Transfer
Restricted Securities tendered in such exchange offer by such Holders.
2020 Note Guarantees: As defined in the preamble hereto.
2020 Transfer Restricted Securities: Each 2020 Initial Security, until the earliest to occur
of (a) the date on which such 2020 Initial Security is exchanged in the 2020 Note Exchange Offer
for a 2020 Exchange Security entitled to be resold to the public by the Holder thereof without
complying with the prospectus delivery requirements of the Securities Act, (b) the date on which
such 2020 Initial Security has been effectively registered under the Securities Act and disposed of
in accordance with a Shelf Registration Statement, (c) the date on which such 2020 Initial Security
is distributed to the public by a Broker-Dealer pursuant to the “Plan of Distribution” contemplated
by the Exchange Offer Registration Statement (including delivery of the Prospectus contained
therein) and (d) the date immediately following the Consummation of the 2020 Note Exchange Offer if
such 2020 Initial Security was eligible to be exchanged in the 2020 Note Exchange Offer.
Additional Interest: As defined in Section 5 hereof.
Broker-Dealer: Any broker or dealer registered under the Exchange Act.
Business Day: Any day other than a Saturday, Sunday or U.S. federal holiday or a day on which
banking institutions or trust companies located in New York, New York are authorized or obligated
to be closed.
Closing Date: The date of this Agreement.
Commission: The Securities and Exchange Commission.
Consummate: A registered Exchange Offer shall be deemed “Consummated” for purposes of this
Agreement upon the occurrence of (i) the filing and effectiveness under the Securities Act of the
Exchange Offer Registration Statement relating to the Exchange Securities to be issued in the
Exchange Offer, (ii) the maintenance of such Registration Statement continuously effective and the
keeping of the Exchange Offer open for a period not less than the minimum period required pursuant
to Section 3(b) hereof, and (iii) the delivery by the Company to the Registrar under the Indenture
of Exchange Securities in the same aggregate principal amount as the aggregate principal amount of
Initial Securities that were tendered by Holders thereof pursuant to the Exchange Offer.
Effectiveness Target Date: As defined in Section 3(a) hereof.
Exchange Act: The Securities Exchange Act of 1934, as amended.
Exchange Offer Registration Statement: The Registration Statement relating to the Exchange
Offers, including the related Prospectus.
Exchange Offers: The 2017 Note Exchange Offer and the 2020 Note Exchange Offer, collectively.
Exchange Securities: The 2017 Exchange Securities and the 2020 Exchange Securities,
collectively.
Exempt Resales: The transactions in which the Initial Purchasers propose to sell the Initial
Securities to certain “qualified institutional buyers,” as such term is defined in Rule 144A under
the Securities Act and to certain non-U.S. persons pursuant to Regulation S under the Securities
Act.
FINRA: Financial Industry Regulatory Authority, Inc.
Guarantees: As defined in the preamble hereto.
Holders: As defined in Section 2(b) hereof.
Indemnified Holder: As defined in Section 8(a) hereof.
Indenture: The Indenture, dated as of July 16, 2010, by and among the Company, the Guarantors
and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”),
pursuant to which the Securities are to be issued, as such Indenture is amended or supplemented from time to time in
accordance with the terms thereof.
Initial Notes: As defined in the preamble hereto.
Initial Placement: The issuance and sale by the Company of the Initial Securities to the
Initial Purchasers pursuant to the Purchase Agreement.
Initial Purchasers: As defined in the preamble hereto.
Initial Securities: As defined in the preamble hereto.
Interest Payment Date: As defined in the Indenture and the Securities.
Person: An individual, partnership, corporation, trust or unincorporated organization, or a
government or agency or political subdivision thereof.
Prospectus: The prospectus included in a Registration Statement, as amended or supplemented
by any prospectus supplement and by all other amendments thereto, including post-effective
amendments, and all material incorporated by reference into such Prospectus.
Registration Default: As defined in Section 5 hereof.
Registration Statement: Any registration statement of the Company relating to (a) an offering
of Exchange Securities pursuant to the Exchange Offers or (b) the registration for resale of
Transfer Restricted Securities pursuant to the Shelf Registration Statement, which is filed
pursuant to the provisions of this Agreement, in each case, including the Prospectus included
therein, all amendments and supplements thereto (including post-effective amendments) and all
exhibits and material incorporated by reference therein.
Securities: The Initial Securities and the Exchange Securities, collectively.
Securities Act: The Securities Act of 1933, as amended.
Shelf Filing Deadline: As defined in Section 4(a) hereof.
Shelf Registration Statement: As defined in Section 4(a) hereof.
Transfer Restricted Securities: The 2017 Transfer Restricted Securities and the 2020 Transfer
Restricted Securities, collectively.
Trust Indenture Act: The Trust Indenture Act of 1939, as amended.
Underwritten Registration or Underwritten Offering: A registration in which securities of the
Company are sold to an underwriter for reoffering to the public.
SECTION
2. Securities Subject to this Agreement.
(a) Transfer Restricted Securities. The securities entitled to the benefits of this Agreement
are the Transfer Restricted Securities.
(b) Holders of Transfer Restricted Securities. A Person is deemed to be a holder of Transfer
Restricted Securities (each, a “Holder”) whenever such Person owns Transfer Restricted Securities.
SECTION 3. Registered Exchange Offers.
(a) Unless the Exchange Offers shall not be permissible under applicable law or Commission
policy, each of the Company and the Guarantors shall (i) use its commercially reasonable efforts to
cause to be filed with the Commission as soon as practicable after the Closing Date, but in no
event later than 270 days after the Closing Date (or if such 270th day is not a Business Day, the
next succeeding Business Day), a Registration Statement under the Securities Act relating to the
Exchange Securities and the Exchange Offers, (ii) use its commercially reasonable efforts to cause
such Registration Statement to become effective, but in no event later than 360 days after the
Closing Date (or if such 360th day is not a Business Day, the next succeeding Business Day) (the
“Effectiveness Target Date”), (iii) in connection with the foregoing, (A) file all pre-effective
amendments to such Registration Statement as may be necessary in order to cause such Registration
Statement to become effective, (B) if applicable, file a post-effective amendment to such
Registration Statement pursuant to Rule 430A under the Securities Act and (C) cause all necessary
filings in connection with the registration and qualification of the Exchange Securities to be made
under the state securities or blue sky laws of such jurisdictions as are necessary to permit
Consummation of the Exchange Offers, and (iv) upon the effectiveness of such Registration
Statement, commence the Exchange Offers. The Exchange Offers shall be on the appropriate form
permitting registration of the Exchange Securities to be offered in exchange for the Transfer
Restricted Securities and to permit resales of Initial Securities held by Broker-Dealers as
contemplated by Section 3(c) hereof.
(b) The Company and the Guarantors shall cause the Exchange Offer Registration Statement to be
effective continuously and shall keep each Exchange Offer open for a period of not less than the
minimum period required under applicable federal and state securities laws to Consummate such
Exchange Offer; provided, however, that in no event shall such period be less than 20 Business Days
after the date notice of such Exchange Offer is first mailed to the Holders. The Company shall
cause the Exchange Offers to comply with all applicable federal and state securities laws. No
securities other than the Exchange Securities shall be included in the Exchange Offer Registration
Statement. The Company shall use its commercially reasonable efforts to cause each Exchange Offer
to be Consummated on the earliest practicable date after the Exchange Offer Registration Statement
has become effective, but in no event later than 30 Business Days after the effective date of the
Exchange Offer Registration Statement.
(c) The Company shall indicate in a “Plan of Distribution” section contained in the Prospectus
forming a part of the Exchange Offer Registration Statement that any Broker-Dealer who holds
Initial Securities that are Transfer Restricted Securities and that were acquired for its own account as a result of market-making activities or other trading activities (other than
Trans-
fer Restricted Securities acquired directly from the Company), may exchange such Initial
Securities pursuant to the applicable Exchange Offer; however, such Broker-Dealer may be deemed to
be an “underwriter” within the meaning of the Securities Act and must, therefore, deliver a
prospectus meeting the requirements of the Securities Act in connection with any resales of the
Exchange Securities received by such Broker-Dealer in the Exchange Offers, which prospectus
delivery requirement may be satisfied by the delivery by such Broker-Dealer of the Prospectus
contained in the Exchange Offer Registration Statement. Such “Plan of Distribution” section shall
also contain all other information with respect to such resales by Broker-Dealers that the
Commission may require in order to permit such resales pursuant thereto, but such “Plan of
Distribution” shall not name any such Broker-Dealer or disclose the amount of Initial Securities
held by any such Broker-Dealer except to the extent required by the Commission.
Each of the Company and the Guarantors shall use its commercially reasonable efforts to keep
the Exchange Offer Registration Statement continuously effective, supplemented and amended as
required by the provisions of Section 6(c) hereof to the extent necessary to ensure that it is
available for resales of Initial Securities acquired by Broker-Dealers for their own accounts as a
result of market-making activities or other trading activities, and to ensure that it conforms with
the requirements of this Agreement, the Securities Act and the policies, rules and regulations of
the Commission as announced from time to time, for a period ending on the earlier of (i) 90 days
from the date on which the Exchange Offer Registration Statement is declared effective and (ii) the
date on which a Broker-Dealer is no longer required to deliver a prospectus in connection with
market-making or other trading activities.
The Company shall provide sufficient copies of the latest version of such Prospectus to
Broker-Dealers promptly upon request at any time during such 90-day (or shorter as provided in the
foregoing sentence) period in order to facilitate such resales.
SECTION 4. Shelf Registration.
(a) Shelf Registration. If (i) the Company is not required to file an Exchange Offer
Registration Statement or to consummate an Exchange Offer because such Exchange Offer is not
permitted by applicable law or Commission policy, (ii) for any reason an Exchange Offer is not
Consummated within 30 Business Days after the effective date of the Exchange Offer Registration
Statement, or (iii) with respect to any Holder of Transfer Restricted Securities (A) such Holder is
prohibited by applicable law or Commission policy from participating in the Exchange Offer
applicable to such Transfer Restricted Securities, or (B) such Holder may not resell the Exchange
Securities acquired by it in either Exchange Offer to the public without delivering a prospectus
and that the Prospectus contained in an Exchange Offer Registration Statement is not appropriate or
available for such resales by such Holder, or (C) such Holder is a Broker-Dealer and holds Initial
Securities acquired directly from the Company or one of its affiliates, then, upon such Holder’s
written request, the Company and the Guarantors shall
(x) cause to be filed a shelf registration statement pursuant to Rule 415 under the
Securities Act, which may be an amendment to the Exchange Offer Registration Statement (in
either event, the “Shelf Registration Statement”) on or prior to the later of (I) 60 days after the receipt of such a request from a Holder described in Section
4(a)(iii) and (II) 30 days after the date specified for Consummation of the Exchange Offers
in this
Agreement (or if such 30th day is not a Business Day, the next succeeding Business
Day) (such date being the “Shelf Filing Deadline”), which Shelf Registration Statement shall
provide for resales of all Transfer Restricted Securities (other than any such securities
that were eligible to be exchanged in the Exchange Offers at the time of the Exchange
Offers) the Holders of which shall have timely provided the information required pursuant to
Section 4(b) hereof; and
(y) use their commercially reasonable efforts to cause such Shelf Registration
Statement to be declared effective by the Commission on or before the 90th day after the
Shelf Filing Deadline (or if such 90th day is not a Business Day, the next succeeding
Business Day).
Each of the Company and the Guarantors shall use its commercially reasonable efforts to keep
such Shelf Registration Statement continuously effective, supplemented and amended as required by
the provisions of Sections 6(b) and (c) hereof to the extent necessary to ensure that it is
available for resales of Initial Securities by the Holders of Transfer Restricted Securities
entitled to the benefit of this Section 4(a), and to ensure that it conforms with the requirements
of this Agreement, the Securities Act and the policies, rules and regulations of the Commission as
announced from time to time, for a period of at least two years following the effective date of
such Shelf Registration Statement (or shorter period that will terminate when all the Initial
Securities covered by such Shelf Registration Statement have been sold pursuant to such Shelf
Registration Statement); provided, however, that notwithstanding the foregoing or the requirements
of the second paragraph of Section 3(c) or any provision in Sections 6(b) or 6(c) hereof, if the
filing of any such supplement or amendment would require the Company to make a public disclosure of
material non-public information and the Company has a bona fide business purpose for preserving as
confidential such material non-public information (other than the avoidance of its obligations
hereunder), then the Company may, upon giving prompt written notice to the underwriter(s), if any,
and selling Holders, delay the filing of any such supplement or amendment for a period not to
exceed 30 days in any three month period and 120 days in any calendar year; provided that (x) the
Company promptly thereafter complies with the applicable requirements of Section 6 hereof and (y)
the required period for effectiveness of the Shelf Registration Statement shall be extended by the
number of days during which such Registration Statement was not effective or useful.
(b) Provision by Holders of Certain Information in Connection with the Shelf Registration
Statement. No Holder of Transfer Restricted Securities may include any of its Transfer Restricted
Securities in any Shelf Registration Statement pursuant to this Agreement unless and until such
Holder furnishes to the Company in writing, within 15 Business Days after receipt of a request
therefor, such information as the Company may reasonably request for use in connection with any
Shelf Registration Statement or Prospectus or preliminary Prospectus included therein or amendment
or supplement thereto. Each Holder as to which any Shelf Registration Statement is being effected
agrees to furnish promptly to the Company all information required to be disclosed in order to make the information previously furnished to the Company by such Holder not
materially misleading.
SECTION 5. Additional Interest. If (i) any Shelf Registration Statement required by this
Agreement has not been declared effective by the Commission on or
prior to the date speci-
fied for such effectiveness in this Agreement, (ii) an Exchange Offer has not been Consummated within 30
Business Days after the Effectiveness Target Date with respect to the Exchange Offer Registration
Statement or (iii) any Registration Statement required by this Agreement is filed and declared
effective but shall thereafter cease to be effective or fail to be usable for its intended purpose
without being succeeded promptly by a post-effective amendment to such Registration Statement that
cures such failure and that is itself immediately declared effective (each such event referred to
in clauses (i) through (iii), a “Registration Default”), the Company hereby agrees that the
interest rate borne by the Transfer Restricted Securities shall be increased by 0.25% per annum
during the 90-day period immediately following the occurrence of any Registration Default and shall
increase by 0.25% per annum at the end of the subsequent 90-day period, but in no event shall such
increase in the aggregate exceed 0.75% per annum (any such increase, “Additional Interest”);
provided, that for the avoidance of doubt in the case of clause (ii) above, only the interest rate
borne by Transfer Restricted Securities that are the subject of the Exchange Offer that was not so
Consummated shall be increased. Following the cure of all Registration Defaults relating to any
particular Transfer Restricted Securities, the interest rate borne by the relevant Transfer
Restricted Securities will be reduced to the original interest rate borne by such Transfer
Restricted Securities; provided, however, that, if after any such reduction in interest rate, a
different Registration Default occurs, the interest rate borne by the relevant Transfer Restricted
Securities shall again be increased pursuant to the foregoing provisions.
Notwithstanding the foregoing, (i) the amount of additional interest payable shall not
increase because more than one Registration Default has occurred and is pending and (ii) a Holder
of Transfer Restricted Securities that is not entitled to the benefits of the Shelf Registration
Statement (because, e.g., such Holder has not elected to include information or has not timely
delivered such information to the Company pursuant to Section 4(b) hereof) shall not be entitled to
Additional Interest with respect to a Registration Default that pertains to the Shelf Registration
Statement.
All obligations of the Company and the Guarantors set forth in the preceding paragraph that
are outstanding with respect to any Transfer Restricted Security at the time such security ceases
to be a Transfer Restricted Security shall survive until such time as all such obligations with
respect to such security shall have been satisfied in full.
SECTION 6. Registration Procedures.
(a) Exchange Offer Registration Statement. In connection with the Exchange Offers, the
Company and the Guarantors shall comply with all of the provisions of Section 6(c) hereof, and
shall use their commercially reasonable efforts to effect such exchanges to permit the sale of
Transfer Restricted Securities being sold in accordance with the intended method or methods of
distribution thereof. As a condition to its participation in either Exchange Offer pursuant to the
terms of this Agreement, each Holder of Transfer Restricted Securities shall furnish, upon the request of the Company, prior to the Consummation thereof, a written representation to the
Company (which may be contained in the letter of transmittal contemplated by the Exchange Offer
Registration Statement) to the effect that (A) it is not an affiliate of the Company, (B) it is not
engaged in, and does not intend to engage in, and has no arrangement or understanding with any
Person to participate in, a distribution of the Exchange Securities to be issued in such Exchange
Offer and (C) it is acquiring the Exchange Securities in its ordinary course of business. In
addi-
tion, all such Holders of Transfer Restricted Securities of either series shall otherwise
cooperate in the Company’s preparations for the Exchange Offer applicable to such series. Each
Holder hereby acknowledges and agrees that any Broker-Dealer and any such Holder using the
applicable Exchange Offer to participate in a distribution of the securities to be acquired in such
Exchange Offer (1) could not under Commission policy as in effect on the date of this Agreement
rely on the position of the Commission enunciated in Xxxxxx Xxxxxxx and Co., Inc.
(available June 5, 1991) and Exxon Capital Holdings Corporation (available May 13, 1988),
as interpreted in the Commission’s letter to Shearman & Sterling dated July 2, 1993, and similar
no-action letters, and (2) must comply with the registration and prospectus delivery requirements
of the Securities Act in connection with a secondary resale transaction and that such a secondary
resale transaction should 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 if the
resales are of Exchange Securities obtained by such Holder in exchange for Initial Securities
acquired by such Holder directly from the Company.
(b) Shelf Registration Statement. If required to file a Shelf Registration Statement, each of
the Company and the Guarantors shall comply with all the provisions of Section 6(c) hereof and
shall use its commercially reasonable efforts to effect such registration in accordance with the
time periods set forth herein to permit the sale of the Transfer Restricted Securities being sold
in accordance with the intended method or methods of distribution thereof, and pursuant thereto
each of the Company and the Guarantors will as expeditiously as possible prepare and file with the
Commission a Registration Statement relating to the registration on any appropriate form under the
Securities Act, which form shall be available for the sale of the Transfer Restricted Securities in
accordance with the intended method or methods of distribution thereof.
(c) General Provisions. In connection with any Registration Statement and any Prospectus
required by this Agreement to permit the sale or resale of Transfer Restricted Securities
(including, without limitation, any Registration Statement and the related Prospectus required to
permit resales of Initial Securities by Broker-Dealers), each of the Company and the Guarantors
shall:
(i) use its commercially reasonable efforts to keep such Registration Statement
continuously effective for the period set forth in Section 3 or 4 hereof, as applicable, and
provide all required financial statements (including, if required by the Securities Act or
any regulation thereunder, financial statements of the Guarantors for the period specified
in Section 3 or 4 hereof, as applicable); upon the occurrence of any event that would cause
any such Registration Statement or the Prospectus contained therein not to be effective and
usable for resale of Transfer Restricted Securities during the period required by this
Agreement, the Company shall file promptly an appropriate amendment to such Registration Statement and use its commercially reasonable efforts to cause such
amendment to be declared effective and such Registration Statement and the related
Prospectus to become usable for their intended purpose(s) as soon as practicable thereafter;
(ii) prepare and file with the Commission such amendments and post-effective amendments
to the applicable Registration Statement as may be necessary to keep the Registration
Statement effective for the applicable period set forth in Section 3 or 4 hereof, as
applicable, or such shorter period as will terminate when all
Transfer Re-
stricted Securities covered by such Registration Statement have been sold; cause the Prospectus to be
supplemented by any required Prospectus supplement, and as so supplemented to be filed
pursuant to Rule 424 under the Securities Act, and to comply fully with the applicable
provisions of Rules 424 and 430A under the Securities Act in a timely manner; and comply
with the provisions of the Securities Act with respect to the disposition of all securities
covered by such Registration Statement during the applicable period in accordance with the
intended method or methods of distribution by the sellers thereof set forth in such
Registration Statement or supplement to the Prospectus;
(iii) advise the underwriter(s), if any, and selling Holders promptly and, if requested
by such Persons, to confirm such advice in writing, (A) when the Prospectus or any
Prospectus supplement or post-effective amendment has been filed, and, with respect to any
Registration Statement or any post-effective amendment thereto, when the same has become
effective, (B) of any request by the Commission for amendments to the Registration Statement
or amendments or supplements to the Prospectus or for additional information relating
thereto, (C) of the issuance by the Commission of any stop order suspending the
effectiveness of the Registration Statement under the Securities Act or of the suspension by
any state securities commission of the qualification of the Transfer Restricted Securities
for offering or sale in any jurisdiction, or the initiation of any proceeding for any of the
preceding purposes, (D) of the existence of any fact or the happening of any event that
makes any statement of a material fact made in the Registration Statement, the Prospectus,
any amendment or supplement thereto, or any document incorporated by reference therein
untrue, or that requires the making of any additions to or changes in the Registration
Statement or the Prospectus in order to make the statements therein not misleading. If at
any time the Commission shall issue any stop order suspending the effectiveness of the
Registration Statement, or any state securities commission or other regulatory authority
shall issue an order suspending the qualification or exemption from qualification of the
Transfer Restricted Securities under state securities or blue sky laws, each of the Company
and the Guarantors shall use its commercially reasonable efforts to obtain the withdrawal or
lifting of such order at the earliest practicable time;
(iv) furnish without charge to each of the Initial Purchasers, each selling Holder
named in any Registration Statement that has requested such copies, if any, and each of the
underwriter(s), if any, before filing with the Commission, copies of any Registration
Statement or any Prospectus included therein or any amendments or supplements to any such
Registration Statement or Prospectus (including, if requested by the Initial Purchasers and
such Holder, all documents incorporated by reference after the initial filing of such Registration Statement or Prospectus if such documents are not
otherwise publicly available on XXXXX), which documents will be subject to the review and
comment of such Holders and underwriter(s) in connection with such sale, if any, for a
period of at least five Business Days, and the Company will not file any such Registration
Statement or Prospectus or any such amendment or supplement to any such Registration
Statement or Prospectus to which an Initial Purchaser of Transfer Restricted Securities
covered by such Registration Statement or the underwriter(s), if any, shall reasonably
object in writing within five Business Days after the receipt thereof (such objection to be
deemed timely made upon confirmation of telecopy transmission within such period). The
objection of an Initial Purchaser or underwriter, if any, shall be
deemed to be reason-
able if such Registration Statement, amendment, Prospectus or supplement, as applicable, as
proposed to be filed, contains a material misstatement or omission;
(v) make the Company’s and the Guarantors’ representatives available to the Initial
Purchasers for customary due diligence matters subject to customary confidentiality
agreements;
(vi) make available, subject to customary confidentiality obligations, at reasonable
times for inspection by the Initial Purchasers, the managing underwriter(s), if any,
participating in any disposition pursuant to such Registration Statement and any attorney or
accountant retained by such Initial Purchasers or any of the underwriter(s), all financial
and other records, pertinent corporate documents and properties of each of the Company and
the Guarantors and cause the Company’s and the Guarantors’ officers, directors and employees
to supply all information, in each case as shall be reasonably requested by any such Initial
Purchaser, underwriter, attorney or accountant in connection with such Registration
Statement or any post-effective amendment thereto subsequent to the filing thereof and prior
to its effectiveness and to participate in meetings with investors to the extent reasonably
requested by the managing underwriter(s), if any;
(vii) if requested by any selling Holders or the underwriter(s), if any, promptly
incorporate in any Registration Statement or Prospectus, pursuant to a supplement or
post-effective amendment if necessary, such information as such selling Holders and
underwriter(s), if any, may reasonably request to have included therein, including, without
limitation, information relating to the “Plan of Distribution” of the Transfer Restricted
Securities, information with respect to the principal amount of Transfer Restricted
Securities of each series being sold to such underwriter(s), the purchase price being paid
therefor and any other terms of the offerings of the Transfer Restricted Securities to be
sold in such offerings; and make all required filings of such Prospectus supplement or
post-effective amendment as soon as practicable after the Company is notified of the matters
to be incorporated in such Prospectus supplement or post-effective amendment;
(viii) use commercially reasonable efforts to cause the Transfer Restricted Securities
of each series covered by the Registration Statement to be rated with Standard & Poor’s
Ratings Group and Xxxxx’x Investors Service, Inc., if so requested by the Holders of a majority in aggregate principal amount of Securities of such series covered
thereby or the underwriter(s), if any;
(ix) furnish to each Initial Purchaser, each selling Holder and each of the
underwriter(s), if any, without charge, at least one copy of the Registration Statement, as
first filed with the Commission, and of each amendment thereto, including financial
statements and schedules, all documents incorporated by reference therein and all exhibits
(including exhibits incorporated therein by reference), unless, in each case, publicly
available on XXXXX;
(x) deliver to each selling Holder and each of the underwriter(s), if any, without
charge, as many copies of the Prospectus (including each preliminary prospectus) and any
amendment or supplement thereto as such Persons reasonably may request; each of
the Company and the Guarantors hereby consents to the use of the Prospectus and any amendment or
supplement thereto by each of the selling Holders and each of the underwriter(s), if any, in
connection with the offering and the sale of the Transfer Restricted Securities covered by
the Prospectus or any amendment or supplement thereto;
(xi) in connection with a Shelf Registration Statement, enter into such agreements
(including an underwriting agreement), and make such representations and warranties, and
take all such other commercially reasonable actions in connection therewith in order to
expedite or facilitate the disposition of the Transfer Restricted Securities. In
furtherance of the foregoing, each of the Company and the Guarantors shall:
(A) furnish to each Initial Purchaser and each underwriter, if any, in such
substance and scope as they may reasonably request and as are customarily made by
issuers to underwriters in primary underwritten offerings, upon the date of the
effectiveness of the Shelf Registration Statement:
(1) a certificate, dated the date of effectiveness of the Shelf
Registration Statement, signed by (x) the Executive Chairman of the Board,
Chief Executive Officer, President, Chief Financial Officer, Chief
Accounting Officer, Treasurer or any Corporate Executive Vice President of
the Company and (y) the Executive Chairman of the Board, Chief Executive
Officer, President, Chief Financial Officer, Chief Accounting Officer,
Treasurer, any Corporate Executive Vice President or a duly authorized
signatory of each of the Guarantors confirming customary matters;
(2) opinions of counsel relating to matters customarily covered in
opinions requested in underwritten offerings; and
(3) a comfort letter from the Company’s independent accountants, in the
customary form and covering matters of the type customarily requested to be
covered in comfort letters by underwriters in connection with primary
underwritten offerings;
(B) set forth in full or incorporate by reference in the underwriting
agreement, if any, the indemnification provisions and procedures of Section 8 hereof
with respect to all parties to be indemnified pursuant to said Section; and
(C) deliver such other documents and certificates as may be reasonably
requested by such parties to evidence compliance with Section 6(c)(xi)(A) hereof and
with any customary conditions contained in the underwriting agreement or other
agreement entered into by the Company or any of the Guarantors pursuant to this
Section 6(c)(xi), if any.
If at any time after the Shelf Registration Statement has been filed, the
representations and warranties of the Company and the Guarantors contemplated in Section
6(c)(xi)(A)(1) hereof cease to be true and correct, the Company or the Guarantors shall so
advise the Initial Purchasers and the underwriter(s), if any, and each selling Holder
promptly and, if requested by such Persons, shall confirm such advice in writing;
(xii) prior to any public offering of Transfer Restricted Securities, cooperate with
the selling Holders, the underwriter(s), if any, and their respective counsel in connection
with the registration and qualification of the Transfer Restricted Securities under the
state securities or blue sky laws of such jurisdictions as the selling Holders or
underwriter(s), if any, may reasonably request and do any and all other acts or things
necessary or advisable to enable the disposition in such jurisdictions of the Transfer
Restricted Securities covered by the Shelf Registration Statement; provided, however, that
none of the Company or the Guarantors shall be required to register or qualify as a foreign
entity where it is not then so qualified or to take any action that would subject it to the
service of process in suits or to taxation, other than as to matters and transactions
relating to the Registration Statement, in any jurisdiction where it is not then so subject;
(xiii) shall issue, upon the request of any Holder of Initial Securities covered by the
Shelf Registration Statement and only in connection with any valid sale of Initial
Securities by such Holder pursuant to such registration statement (and provided that such
Holder delivers such customary certificates reasonably requested by the Company in
connection with such sale), Exchange Securities of the applicable series having an aggregate
principal amount equal to the aggregate principal amount of Initial Securities of such
series being sold by such Holder; such Exchange Securities to be registered in the name of
the purchaser(s) of such Securities, as the case may be; in return, such Initial Securities
held by such Holder shall be surrendered to the Company for cancellation;
(xiv) subject to the terms of the Indenture, cooperate with the selling Holders and the
underwriter(s), if any, to facilitate the timely preparation and delivery of certificates or
book-entry receipts, as applicable, representing Transfer Restricted Securities to be sold
and not bearing any restrictive legends; and enable such Transfer Restricted Securities or
book-entry receipts, as applicable, to be in such denominations and registered in such names
as the Holders or the underwriter(s), if any, may request at least two Business Days prior
to any sale of Transfer Restricted Securities made by such Holders or underwriter(s);
(xv) use its commercially reasonable efforts to cause the Transfer Restricted
Securities covered by the Registration Statement to be registered with or approved by such
other governmental agencies or authorities as may be necessary to enable the seller or
sellers thereof or the underwriter(s), if any, to consummate the disposition of such
Transfer Restricted Securities, subject to the proviso contained in Section 6(c)(xii)
hereof;
(xvi) if any fact or event contemplated by Section 6(c)(iii)(D) hereof shall exist or
have occurred, prepare a supplement or post-effective amendment to the Registration
Statement or related Prospectus or any document incorporated therein by reference or file
any other required document so that, as thereafter delivered to the purchasers of Transfer
Restricted Securities, the Prospectus will not contain an untrue statement of a material
fact or omit to state any material fact necessary in order to make the statements therein
not misleading;
(xvii) provide a CUSIP number for all Securities not later than the effective date of
the Registration Statement covering such Securities and provide the Trustee under the
Indenture with one or more global notes for such Securities which are in a form eligible for
deposit with the Depository Trust Company and take all other action necessary to ensure that
all such Securities are eligible for deposit with the Depository Trust Company;
(xviii) cooperate and assist in any filings required to be made with FINRA and in the
performance of any due diligence investigation by any underwriter (including any “qualified
independent underwriter”) that is required to be retained in accordance with the rules and
regulations of FINRA;
(xix) otherwise use its commercially reasonable efforts to comply with all applicable
rules and regulations of the Commission, and make generally available to its security
holders, as soon as practicable, a consolidated earnings statement meeting the requirements
of Rule 158 (which need not be audited) for the twelve-month period (A) commencing at the
end of any fiscal quarter in which Transfer Restricted Securities are sold to underwriters
in a firm commitment or best efforts Underwritten Offering or (B) if not sold to
underwriters in such an offering, beginning with the first month of the Company’s first
fiscal quarter commencing after the effective date of the Registration Statement;
(xx) cause the Indenture to be qualified under the Trust Indenture Act not later than
the effective date of the first Registration Statement required by this Agreement, and, in
connection therewith, cooperate with the Trustee and the Holders of Securities to effect
such changes to the Indenture as may be required for such Indenture to be so qualified in
accordance with the terms of the Trust Indenture Act; and to execute and use its
commercially reasonable efforts to cause the Trustee to execute, all documents that may be
required to effect such changes and all other forms and documents required to be filed with
the Commission to enable such Indenture to be so qualified in a
timely manner; and
(xxi) if not publicly available on XXXXX, provide promptly to each Holder upon request
each document filed with the Commission pursuant to the requirements of Section 13 and
Section 15 of the Exchange Act.
Each Holder agrees by acquisition of a Transfer Restricted Security that, upon receipt of any
notice from the Company of the existence of any fact of the kind described in Section 6(c)(iii)(D)
hereof or any notice described in the proviso to the second paragraph of Section 4(a) hereof, such
Holder will forthwith discontinue disposition of Transfer Restricted Securities pursuant to the
applicable Registration Statement until such Holder’s receipt of the copies of the supplemented or
amended Prospectus contemplated by Section 6(c)(xvi) hereof, or until it is advised in writing (the
“Advice”) by the Company that the use of the Prospectus may be resumed, and has received copies of
any additional or supplemental filings that are incorporated by reference in the Prospectus. If so
directed by the Company, each Holder will deliver to the Company (at the Company’s expense) all
copies, other than permanent file copies then in such Holder’s possession, of the Prospectus
covering such Transfer Restricted Securities that was current at the time of receipt of such
notice. In the event the Company shall give any such notice, the time period regarding the
effectiveness of such Registration Statement set forth in Section 3 or 4 hereof,
as applicable, shall be extended by the number of days during the period from and including the date of the giving
of such notice pursuant to Section 6(c)(iii)(D) hereof or any notice described in the proviso to
the second paragraph of Section 4(a) to and including the date when each selling Holder covered by
such Registration Statement shall have received the copies of the supplemented or amended
Prospectus contemplated by Section 6(c)(xvi) hereof or shall have received the Advice; provided,
however, that no such extension shall be taken into account in determining whether Additional
Interest is due pursuant to Section 5 hereof or the amount of such Additional Interest, it being
agreed that the Company’s option to suspend use of a Registration Statement pursuant to this
paragraph (other than a suspension pursuant to the proviso in the second paragraph of Section 4(a)
to the extent that such suspension does not exceed a period of up to 30 days in any three month
period and does not exceed an aggregate of 120 days in any calendar year) shall be treated as a
Registration Default for purposes of Section 5 hereof.
SECTION 7. Registration Expenses.
(a) All expenses incident to the Company’s and the Guarantor’s performance of or compliance
with this Agreement will be borne by the Company and the Guarantors, jointly and severally,
regardless of whether a Registration Statement becomes effective, including, without limitation:
(i) all registration and filing fees and expenses (including filings made by any Initial Purchaser
or Holder with FINRA (and, if applicable, the fees and expenses of any “qualified independent
underwriter” and its counsel that may be required by the rules and regulations of FINRA)); (ii) all
fees and expenses of compliance with federal securities and state securities or blue sky laws;
(iii) all expenses of printing (including printing certificates, if any, for the Exchange
Securities to be issued in the Exchange Offers and printing of Prospectuses), messenger and
delivery services and telephone; (iv) all fees and disbursements of counsel for the Company, the
Guarantors and, subject to and under the circumstances described in Section 7(b) hereof, the
Holders of Transfer Restricted Securities; and (v) all fees and disbursements of independent certified public accountants of the Company and the Guarantors (including the expenses of any
special audit and comfort letters required by or incident to such performance).
Each of the Company and the Guarantors will, in any event, bear its internal expenses
(including, without limitation, all salaries and expenses of its officers and employees performing
legal or accounting duties), the expenses of any annual audit and the fees and expenses of any
Person, including special experts, retained by the Company or the Guarantors.
(b) In connection with any Shelf Registration Statement required by this Agreement, the
Company and the Guarantors, jointly and severally, will reimburse the Initial Purchasers and the
Holders of Transfer Restricted Securities being registered pursuant to the Shelf Registration
Statement for the reasonable fees and disbursements of not more than one counsel, who shall be
Skadden, Arps, Slate, Xxxxxxx & Xxxx, LLP or such other counsel as may be chosen by the Holders of
a majority in principal amount of the Transfer Restricted Securities for whose benefit such
Registration Statement is being prepared.
SECTION 8. Indemnification.
(a) The Company and the Guarantors, jointly and severally, agree to indemnify and hold
harmless (i) each Holder (including, for the avoidance of doubt, each Initial Purchaser who
may be a Holder) and (ii) each Person, if any, who controls (within the meaning of Section 15 of the
Securities Act or Section 20 of the Exchange Act) any Holder (any of the Persons referred to in
this clause (ii) being hereinafter referred to as a “controlling person”) and (iii) the respective
officers, directors, partners, employees, representatives and agents of any Holder or any
controlling person (any Person referred to in clause (i), (ii) or (iii) may hereinafter be referred
to as an “Indemnified Holder”), to the fullest extent lawful, from and against any and all losses,
claims, damages, liabilities, judgments, actions and expenses (including, without limitation, and
as incurred, reimbursement of all reasonable costs of investigating, preparing, pursuing, settling,
compromising, paying or defending any claim or action, or any investigation or proceeding by any
governmental agency or body, commenced or threatened, including the reasonable fees and expenses of
counsel to any Indemnified Holder), joint or several, directly or indirectly caused by, related to,
based upon, arising out of or in connection with any untrue statement or alleged untrue statement
of a material fact contained in any Registration Statement or Prospectus (or any amendment or
supplement thereto), or any omission or alleged omission to state therein a material fact required
to be stated therein or necessary to make the statements therein not misleading, except insofar as
such losses, claims, damages, liabilities or expenses are caused by an untrue statement or omission
or alleged untrue statement or omission that is made in reliance upon and in conformity with
information relating to any of the Holders furnished in writing to the Company by any of the
Holders expressly for use therein. This indemnity agreement shall be in addition to any liability
which the Company or any of the Guarantors may otherwise have.
In case any action or proceeding (including any governmental or regulatory investigation or
proceeding) shall be brought or asserted against any of the Indemnified Holders with respect to
which indemnity may be sought against the Company or the Guarantors, such Indemnified Holder (or
the Indemnified Holder controlled by such controlling person) shall promptly notify the Company and
the Guarantors in writing; provided, however, that the failure to give such notice shall not relieve any of the Company or the Guarantors of its obligations pursuant to
this Agreement to the extent it is not materially prejudiced (through the forfeiture of substantive
rights and defenses) as a result of such failure. In connection with any such action or
proceeding, the Company and the Guarantors will be entitled to participate in and, to the extent
that they shall jointly elect, by written notice delivered to such Indemnified Holder promptly
after receiving the aforesaid notice from such Indemnified Holder, to retain counsel reasonably
satisfactory to the Indemnified Holder to represent the Indemnified Holder and any others entitled
to indemnification pursuant to this Section 8; provided that the Company and the Guarantors shall
pay the fees and expenses of such counsel related to such action or proceeding, as incurred. In
any such action or proceeding, any Indemnified Holder shall have the right to retain its own
counsel, but the Company and the Guarantors will not be liable to such Indemnified Holder under
this Section 8 for any legal or other expenses subsequently incurred by such Indemnified Holder in
connection with the defense thereof unless (i) the defendants in such action include both the
Indemnified Holder and the Company or the Guarantors, and the Indemnified Holder shall have
reasonably concluded (based upon advice of counsel) that a conflict may arise between the positions
of the Company or the Guarantors and such Indemnified Holder in conducting the defense of such
action or (ii) the Company and the Guarantors shall not have employed counsel reasonably
satisfactory to the Indemnified Holder to represent such Indemnified Holder within a reasonable
time after notice of commencement of the action; provided that the Company shall not, in connection
with any one such action or proceeding or separate but substantially similar or related actions or
proceedings in the same jurisdiction arising out of the same general allegations or circumstances,
be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in
addition to any one local counsel in each jurisdiction) at any time for such Indemnified Holders,
which firm shall be designated by the Holders. The Company and the Guarantors shall be liable for
any settlement of any such action or proceeding effected with the Company’s and the Guarantors’
prior written consent, which consent shall not be withheld unreasonably, and each of the Company
and the Guarantors agrees to indemnify and hold harmless any Indemnified Holder from and against
any loss, claim, damage, liability or expense by reason of any settlement of any action effected
with the written consent of the Company and the Guarantors. The Company and the Guarantors shall
not, without the prior written consent of each Indemnified Holder that is or could have been a
party, settle or compromise or consent to the entry of judgment in or otherwise seek to terminate
any pending or threatened action, claim, litigation or proceeding in respect of which
indemnification or contribution may be sought hereunder, unless such settlement, compromise,
consent or termination includes an unconditional release of each Indemnified Holder from all
liability arising out of such action, claim, litigation or proceeding.
(b) Each Holder of Transfer Restricted Securities agrees, severally and not jointly, to
indemnify and hold harmless the Company, the Guarantors and their respective directors and officers
who sign a Registration Statement, and any Person controlling (within the meaning of Section 15 of
the Securities Act or Section 20 of the Exchange Act) the Company or any of the Guarantors, and the
respective officers, directors, partners, employees, representatives and agents of each such
Person, to the fullest extent lawful, from and against any and all losses, claims, damages,
liabilities, judgments, actions and expenses (including, without limitation, and as incurred,
reimbursement of all reasonable costs of investigating, preparing, pursuing, settling,
compromising, paying or defending any claim or action, or any investigation or proceeding by
any governmental agency or body, commenced or threatened, including the reasonable fees and
expenses of counsel to any of such Persons), joint or several, directly or indirectly caused by,
related to, based upon, arising out of or in connection with any untrue statement or alleged untrue
statement of a material fact contained in any Registration Statement or Prospectus (or any
amendment or supplement thereto), or any omission or alleged omission to state therein a material
fact required to be stated therein or necessary to make the statements therein not misleading, but
only with respect to losses, claims, damages, liabilities, judgments, actions and expenses
(including, without limitation, and as incurred, reimbursement of all reasonable costs of
investigating, preparing, pursuing, settling, compromising, paying or defending any claim or
action, or any investigation or proceeding by any governmental agency or body, commenced or
threatened, including the reasonable fees and expenses of counsel), directly or indirectly caused
by, related to, based upon, arising out of or in connection with information relating to such
Holder furnished in writing by such Holder expressly for use in any Registration Statement. In
case any action or proceeding shall be brought against the Company, the Guarantors or their
respective directors or officers or any such controlling person in respect of which indemnity may
be sought against a Holder of Transfer Restricted Securities, such Holder shall have the rights and
duties given the Company and the Guarantors, and the Company, the Guarantors, their respective
directors and officers and such controlling person shall have the rights and duties given to each
Holder by the preceding paragraph.
(c) If the indemnification provided for in this Section 8 is unavailable to an indemnified
party under Section 8(a) or (b) hereof (other than by reason of exceptions provided in those
Sections) in respect of any losses, claims, damages, liabilities, judgments, actions or expenses
referred to therein, then each applicable indemnifying party, in lieu of indemnifying such
indemnified party, shall contribute to the amount paid or payable by such indemnified party as a
result of such losses, claims, damages, liabilities or expenses in such proportion as is
appropriate to reflect the relative benefits received by the Company and the Guarantors, on the one
hand, and the Holders, on the other hand, from the Initial Placement (which in the case of the
Company and the Guarantors shall be deemed to be equal to the total gross proceeds to the Company
and the Guarantor from the Initial Placement), the amount of Additional Interest which did not
become payable as a result of the filing of the Registration Statement resulting in such losses,
claims, damages, liabilities, judgments actions or expenses, and such Registration Statement, or if
such allocation is not permitted by applicable law, the relative fault of the Company and the
Guarantor, on the one hand, and the Holders, on the other hand, in connection with the statements
or omissions which resulted in such losses, claims, damages, liabilities or expenses, as well as
any other relevant equitable considerations. The relative fault of the Company on the one hand and
of the Indemnified Holder on the other shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the omission or alleged
omission to state a material fact relates to information supplied by the Company or any of the
Guarantors, on the one hand, or the Indemnified Holders, on the other hand, and the parties’
relative intent, knowledge, access to information and opportunity to correct or prevent such
statement or omission. The amount paid or payable by a party as a result of the losses, claims,
damages, liabilities and expenses referred to above shall be deemed to include, subject to the
limitations set forth in the second paragraph of Section 8(a) hereof, any legal or other fees or
expenses reasonably incurred by such party in connection with investigating or defending any action
or claim.
The Company, the Guarantors and each Holder of Transfer Restricted Securities agree that it
would not be just and equitable if contribution pursuant to this Section 8(c) were determined by
pro rata allocation (even if the Holders were treated as one entity for such purpose) or by any
other method of allocation which does not take account of the equitable considerations referred to
in the immediately preceding paragraph. The amount paid or payable by an indemnified party as a
result of the losses, claims, damages, liabilities or expenses referred to in the immediately
preceding paragraph shall be deemed to include, subject to the limitations set forth above, any
legal or other expenses reasonably incurred by such indemnified party in connection with
investigating or defending any such action or claim. Notwithstanding the provisions of this
Xxxxxxx 0, xxxx of the Holders (and its related Indemnified Holders) shall be required to
contribute, in the aggregate, any amount in excess of the amount by which the total discount
received by such Holder with respect to the Initial Securities exceeds the amount of any damages
which such Holder has otherwise been required to pay by reason of such untrue or alleged untrue
statement or omission or alleged omission. No Person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from
any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to
contribute pursuant to this Section 8(c) are several in proportion to the respective principal
amount of Initial Securities held by each of the Holders hereunder and not joint.
SECTION 9. Rule 144A. At any time when the Company is not subject to Section 13 or 15 of the
Exchange Act, the Company hereby agrees with each Holder, for so long as any Transfer Restricted
Securities remain outstanding, to make available to any Holder or beneficial owner of Transfer
Restricted Securities in connection with any sale thereof and any prospective purchaser of such
Transfer Restricted Securities from such Holder or beneficial owner,
the in-
formation required by Rule 144A(d)(4) under the Securities Act in order to permit resales of such Transfer Restricted
Securities pursuant to Rule 144A under the Securities Act, unless all such Transfer Restricted
Securities held by such Holder or beneficial owner are eligible to be sold without limitation or
restriction under Rule 144 under the Securities Act.
SECTION 10. Participation in Underwritten Registrations. No Holder may participate in any
Underwritten Registration hereunder unless such Holder (a) agrees to sell such Holder’s Transfer
Restricted Securities on the basis provided in any underwriting arrangements approved by the
Persons entitled hereunder to approve such arrangements and (b) completes and executes all
reasonable questionnaires, powers of attorney, indemnities, underwriting agreements, lock-up
letters and other documents required under the terms of such underwriting arrangements.
SECTION 11. Selection of Underwriters. If requested by the Holders of a majority in aggregate
principal amount of the Transfer Restricted Securities covered by the Shelf Registration Statement,
the Holders of Transfer Restricted Securities of either series covered by the Shelf Registration
Statement who desire to do so may sell such Transfer Restricted Securities in one Underwritten
Offering. The investment banker(s) and managing underwriter(s) that will administer such offering
will be selected by the Company. In no event shall the Company be required to reimburse any Holder
for any underwriting commissions or discounts.
SECTION 12. Miscellaneous.
(a) Remedies. Each of the Company and the Guarantors hereby agrees that monetary damages
would not be adequate compensation for any loss incurred by reason of a breach by it of the
provisions of this Agreement and hereby agree to waive the defense in any action for specific
performance that a remedy at law would be adequate.
(b) No Conflicting Agreements. Each of the Company and the Guarantors will not on or after
the date of this Agreement enter into any agreement with respect to its securities that conflicts
with the provisions hereof. The rights granted to the Holders hereunder do not in any way conflict
with the rights granted to the holders of the Company’s or any of the Guarantors’ securities under
any agreement in effect on the date hereof.
(c) Adjustments Affecting the Securities. The Company will not voluntarily take any action,
or permit any change to occur, with respect to the Securities that would materially and adversely
affect the ability of the Holders to Consummate any Exchange Offer.
(d) Amendments and Waivers. The provisions of this Agreement may not be amended, modified or
supplemented, and waivers or consents to or departures from the provisions hereof may not be given
with respect to either series of Transfer Restricted Securities unless the Company has (i) in the
case of Section 5 hereof and this Section 12(d)(i), obtained the written consent of Holders of all
outstanding Transfer Restricted Securities of such series and (ii) in the case of all other
provisions hereof, obtained the written consent of Holders of a majority of the outstanding
principal amount of Transfer Restricted Securities of such series (excluding any Transfer
Restricted Securities of such series held by the Company or its Affiliates). Notwithstanding the
foregoing, a waiver or consent to departure from the provisions hereof that relates exclusively to
the rights of Holders whose securities are being tendered pursuant to an Exchange
Offer and
that does not affect directly or indirectly the rights of other Holders whose securities are not being
tendered pursuant to such Exchange Offer may be given by the Holders of a majority of the
outstanding principal amount of Transfer Restricted Securities being tendered or registered;
provided, however, that, with respect to any matter that directly or indirectly affects the rights
of any Initial Purchaser hereunder, the Company shall obtain the written consent of each such
Initial Purchaser with respect to which such amendment, qualification, supplement, waiver, consent
or departure is to be effective.
(e) Notices. All notices and other communications provided for or permitted hereunder shall
be made in writing by hand-delivery, first-class mail (registered or certified, return receipt
requested), telex, telecopier, or air courier guaranteeing overnight delivery:
(i) if to a Holder, at the address set forth on the records of the Registrar under the
Indenture, with a copy to the Registrar under the Indenture;
(ii) if to the Company or any Guarantor:
000 Xxxxxxxxx Xxxxxx
Xxxxxxxxxxxx, Xxxxxxx 00000
Facsimile: 000-000-0000
Attention: Chief Legal Officer
with a copy to:
Wachtell, Lipton, Xxxxx & Xxxx
00 Xxxx 00xx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile: (000) 000-0000
Attention: Xxxxxxxx X. Xxxxx
Xxxxxxx X. Guest
and a copy to:
Xxxxxx Xxxxxxx Xxxxx & Scarborough LLP
000 Xxxxx Xxxxx Xx., Xxxxx 0000
Xxxxxxxxx, Xxxxx Xxxxxxxx 00000
Facsimile: 000-000-0000
Attention: Xxxxxxx X. Xxxx, Xx.; and
(iii) if to an Initial Purchaser, at the address set forth in the Purchase Agreement.
All such notices and communications shall be deemed to have been duly given: at the time
delivered by hand, if personally delivered; five Business Days after being deposited in the mail,
postage prepaid, if mailed; when answered back, if telexed; when receipt acknowledged, if
telecopied; and on the next Business Day, if timely delivered to an air courier guaranteeing
overnight delivery.
Copies of all such notices, demands or other communications shall be concurrently delivered by
the Person giving the same to the Trustee at the address specified in the Indenture.
(f) Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon
the successors and assigns of each of the parties, including, without limitation, and without the
need for an express assignment, subsequent Holders of Transfer Restricted Securities; provided,
however, that this Agreement shall not inure to the benefit of or be binding upon a successor or
assign of a Holder unless and to the extent such successor or assign acquired Transfer Restricted
Securities from such Holder.
(g) Counterparts. This Agreement may be executed in any number of counterparts and by the
parties hereto in separate counterparts, each of which when so executed shall be deemed to be an
original and all of which taken together shall constitute one and the same agreement.
(h) Headings. The headings in this Agreement are for convenience of reference only and shall
not limit or otherwise affect the meaning hereof.
(i) Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CONFLICTS OF LAW RULES THEREOF.
(j) Severability. In the event that any one or more of the provisions contained herein, or
the application thereof in any circumstance, is held invalid, illegal or unenforceable, the
validity, legality and enforceability of any such provision in every other respect and of the
remaining provisions contained herein shall not be affected or impaired thereby.
(k) Entire Agreement. This Agreement is intended by the parties as a final expression of
their agreement and intended to be a complete and exclusive statement of the agreement and
understanding of the parties hereto in respect of the subject matter contained herein. There are
no restrictions, promises, warranties or undertakings, other than those set forth or referred to
herein with respect to the registration rights granted by the Company with respect to the Transfer
Restricted Securities. This Agreement supersedes all prior agreements and understandings between
the parties with respect to such subject matter.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written
above.
FIDELITY NATIONAL INFORMATION
SERVICES, INC. |
||||
By: | /s/ Xxxx Xxxxxx | |||
Name: | Xxxx Xxxxxx | |||
Title: | Senior Vice President and Treasurer | |||
ADMINISOURCE COMMUNICATIONS, INC. ADVANCED FINANCIAL SOLUTIONS, INC. ANALYTIC RESEARCH TECHNOLOGIES, INC. ASSET EXCHANGE, INC. ATM MANAGEMENT SERVICES, INC. AURUM TECHNOLOGY, LLC BENSOFT, INCORPORATED CARD BRAZIL HOLDINGS, INC. CHEX SYSTEMS, INC. DELMARVA BANK DATA PROCESSING CENTER, LLC EFD ASIA, INC. EFUNDS CORPORATION EFUNDS GLOBAL HOLDINGS CORPORATION EFUNDS IT SOLUTIONS GROUP, INC. ENDPOINT EXCHANGE LLC FIDELITY INFORMATION SERVICES INTERNATIONAL HOLDINGS, INC. FIDELITY INFORMATION SERVICES INTERNATIONAL, LTD. FIDELITY INFORMATION SERVICES, INC. FIDELITY INTERNATIONAL RESOURCE MANAGEMENT, INC. FIDELITY NATIONAL ASIA PACIFIC HOLDINGS, LLC FIDELITY NATIONAL CARD SERVICES, INC. FIDELITY NATIONAL E-BANKING SERVICES, INC. FIDELITY NATIONAL FIRST BANKCARD SYSTEMS, INC. FIDELITY NATIONAL GLOBAL CARD SERVICES, INC. FIDELITY NATIONAL INFORMATION SERVICES, LLC |
||||
FIDELITY NATIONAL INFORMATION SOLUTIONS, INC. FIDELITY OUTSOURCING SERVICES, INC. FIS CORE PROCESSING SERVICES, LLC FIS ITEM PROCESSING SERVICES, LLC FIS MANAGEMENT SERVICES, LLC FIS OUTPUT SOLUTIONS, LLC GHR SYSTEMS, INC. INTERCEPT, INC. XXXXXXXX COMPANY LLC XXXXXXXX CORPORATION LINK2GOV CORP. MBI BENEFITS, INC. METAVANTE ACQUISITION COMPANY II LLC METAVANTE CORPORATION METAVANTE HOLDINGS, LLC METAVANTE OPERATIONS RESOURCES CORPORATION NEVER COMPROMISE, LLC NYCE PAYMENTS NETWORK, LLC PAYMENT SOUTH AMERICA HOLDINGS, INC. XXXXXX, INC. PRIME ASSOCIATES, INC. XXXXXXX COMPUTER ASSOCIATES, LLC XXXXXXX SOFTWARE, LTD. SECOND FOUNDATION, INC. TREEV LLC VALUTEC CARD SOLUTIONS, LLC VECTORSGI, INC. VICOR, INC. WCS ADMINISTRATIVE SERVICES, INC. WILDCARD SYSTEMS, INC., as Guarantors |
||||
By: | /s/ Xxxx Xxxxxx | |||
Name: | Xxxx Xxxxxx | |||
Title: | Senior Vice President and Treasurer |
CERTEGY CHECK SERVICES, INC. CERTEGY PAYMENT RECOVERY SERVICES, INC. CHEX SYSTEMS COLLECTION AGENCY, INC. CLEARCOMMERCE CORPORATION DEPOSIT PAYMENT PROTECTION SERVICES, INC. FIDELITY NATIONAL PAYMENT SERVICES, INC. FIDELITY NATIONAL TRANSACTION SERVICES, INC., FIS CAPITAL LEASING, INC. FIS CAPITAL, LLC, METAVANTE PAYMENT SERVICES AZ CORPORATION METAVANTE PAYMENT SERVICES, LLC, as Guarantors |
||||
By: | /s/ Xxxx Xxxxxx | |||
Name: | Xxxx Xxxxxx | |||
Title: | Authorized Signatory |
The foregoing Registration Rights Agreement is hereby confirmed and accepted as of the date
first above written:
BANC OF AMERICA SECURITIES LLC XXXXXXX, SACHS AND CO. X.X. XXXXXX SECURITIES INC. XXXXX FARGO SECURITIES, LLC |
||||
By: | Banc of America Securities LLC | |||
By: | /s/ Xxxx XxXxxxxx | |||
Name: | Xxxx XxXxxxxx | |||
Title: | Managing Director | |||
By: | Xxxxxxx, Xxxxx and Co. | |||
By: | /s/ Xxxxxxx, Sachs and Co. | |||
Name: | ||||
Title: | ||||
By: | X.X. Xxxxxx Securities Inc. | |||
By: | /s/ Xxxxxxx Karanikolaidis | |||
Name: | Xxxxxxx Karanikolaidis | |||
Title: | Executive Director | |||
By: | Xxxxx Fargo Securities, LLC | |||
By: | /s/ Xxxxxxx X. Xxxxxxx, III | |||
Name: | Xxxxxxx X. Xxxxxxx, III | |||
Title: | Director |
SCHEDULE A
Initial Purchasers
Banc of America Securities LLC
X.X. Xxxxxx Securities Inc.
Xxxxxxx, Sachs & Co.
Xxxxx Fargo Securities, LLC
BNP Paribas Securities Corp.
RBS Securities Inc.
SunTrust Xxxxxxxx Xxxxxxxx, Inc.
U.S. Bancorp Investments, Inc.
Credit Agricole Securities (USA) Inc.
ING Financial Markets LLC
Mitsubishi UFJ Securities (USA), Inc.
Mizuho Securities USA Inc.
PNC Capital Markets LLC
Scotia Capital (USA) Inc.
TD Securities (USA) LLC
X.X. Xxxxxx Securities Inc.
Xxxxxxx, Sachs & Co.
Xxxxx Fargo Securities, LLC
BNP Paribas Securities Corp.
RBS Securities Inc.
SunTrust Xxxxxxxx Xxxxxxxx, Inc.
U.S. Bancorp Investments, Inc.
Credit Agricole Securities (USA) Inc.
ING Financial Markets LLC
Mitsubishi UFJ Securities (USA), Inc.
Mizuho Securities USA Inc.
PNC Capital Markets LLC
Scotia Capital (USA) Inc.
TD Securities (USA) LLC
Schedule A-1