THERMO FISHER SCIENTIFIC INC.
Exhibit 1.1
EXECUTION COPY
THERMO XXXXXX SCIENTIFIC INC.
$1,000,000,000
2.250% Senior Notes due 2016
$1,100,000,000
3.600% Senior Notes due 2021
UNDERWRITING AGREEMENT
August 9, 2011
August 9, 2011
Barclays Capital Inc.
Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx
Incorporated
X.X. Xxxxxx Securities LLC
Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx
Incorporated
X.X. Xxxxxx Securities LLC
Underwriting Agreement
August 9, 2011
BARCLAYS CAPITAL INC.
XXXXXXX XXXXX, XXXXXX, XXXXXX & XXXXX
INCORPORATED
X.X. XXXXXX SECURITIES LLC
As Representatives of the several Underwriters
c/o BARCLAYS CAPITAL INC.
000 Xxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
INCORPORATED
X.X. XXXXXX SECURITIES LLC
As Representatives of the several Underwriters
c/o BARCLAYS CAPITAL INC.
000 Xxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
Ladies and Gentlemen:
Introductory. Thermo Xxxxxx Scientific Inc., a Delaware corporation (the “Company”),
proposes to issue and sell to the several underwriters named in Schedule A (the
“Underwriters”), acting severally and not jointly, the respective amounts set forth in such
Schedule A of $1,000,000,000 aggregate principal amount of the Company’s 2.250% Senior Notes due
2016 (the “2016 Notes”) and $1,100,000,000 aggregate principal amount of the Company’s
3.600% Senior Notes due 2021 (the “2021 Notes” and, together with the 2016 Notes, the
“Notes”). Barclays Capital Inc., Xxxxxxx Lynch, Xxxxxx, Xxxxxx & Xxxxx Incorporated and
X.X. Xxxxxx Securities LLC have agreed to act as representatives of the several Underwriters (in
such capacity, the “Representatives”) in connection with the offering and sale of the
Notes.
The 2016 Notes and the 2021 Notes will be issued as separate series of senior debt securities
pursuant to an indenture, dated as of November 20, 2009 (the “Base Indenture”), between the
Company and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”).
Certain terms of the Notes will be established pursuant to a fourth supplemental indenture (the
“Supplemental Indenture”), to be dated as of August 16, 2011, to the Base Indenture
(together with the Base Indenture, the “Indenture”). The Notes will be issued in
book-entry form in the name of Cede & Co., as nominee of The Depository Trust Company (the
“Depositary”), pursuant to a Blanket Letter of Representations, dated as of November 18,
2009 (the “DTC Agreement”), among the Company, the Trustee and the Depositary.
As more fully described in the Disclosure Package (as defined below), the offering of the
Notes is being undertaken to fund, in part, the consideration payable in, and certain costs
associated with, the Acquisition (as defined below) pursuant to the Sale and Purchase Agreement
(the “Acquisition Agreement”), dated as of May 19, 2011, among the Company, CB Diagnostics
Luxembourg S.À X.X, a Luxembourg corporation, and certain funds managed and advised by Cinven
Limited, through which the Company will acquire the entire share capital of CB Diagnostics Holding
AB (the “Acquisition”).
The Company has prepared and filed with the Securities and Exchange Commission (the
“Commission”) a registration statement on Form S-3 (File No. 333-166176), which contains a
base prospectus (the “Base Prospectus”), to be used in connection with the public offering
and sale of debt securities, including the Notes, and other securities of the Company under the
Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder
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(collectively, the “Securities Act”), and the offering thereof from time to time in
accordance with Rule 415 under the Securities Act. Such registration statement, including the
financial statements, exhibits and schedules thereto, in the form in which it became effective
under the Securities Act, including any required information deemed to be a part thereof at the
time of effectiveness pursuant to Rule 430B under the Securities Act, is called the
“Registration Statement.” Any registration statement filed by the Company pursuant to Rule
462(b) under the Securities Act is called the “Rule 462(b) Registration Statement” and from
and after the date and time of filing of the Rule 462(b) Registration Statement the term
“Registration Statement” shall include the Rule 462(b) Registration Statement. The term
“Prospectus” shall mean the final prospectus supplement relating to the Notes, together
with the Base Prospectus, that is first filed pursuant to Rule 424(b) after the date and time that
this Agreement is executed (the “Execution Time”) by the parties hereto. The term
“Preliminary Prospectus” shall mean any preliminary prospectus supplement relating to the
Notes, together with the Base Prospectus, that is first filed with the Commission pursuant to Rule
424(b). Any reference herein to the Registration Statement, the Preliminary Prospectus or the
Prospectus shall be deemed to refer to and include the documents that are or are deemed to be
incorporated by reference therein pursuant to Item 12 of Form S-3 under the Securities Act prior to
4:00 p.m. (Eastern time) on August 9, 2011 (the “Initial Sale Time”). All references in
this Agreement to the Registration Statement, the Rule 462(b) Registration Statement, the
Preliminary Prospectus, the Prospectus, or any amendments or supplements to any of the foregoing,
shall include any copy thereof filed with the Commission pursuant to its Electronic Data Gathering,
Analysis and Retrieval System (“XXXXX”).
All references in this Agreement to financial statements and schedules and other information
which is “contained,” “included” or “stated” (or other references of like import) in the
Registration Statement, the Prospectus or the Preliminary Prospectus shall be deemed to mean and
include all such financial statements and schedules and other information which is or is deemed to
be incorporated by reference in the Registration Statement, the Prospectus or the Preliminary
Prospectus, as the case may be, prior to the Initial Sale Time; and all references in this
Agreement to amendments or supplements to the Registration Statement, the Prospectus or the
Preliminary Prospectus shall be deemed to include the filing of any document under the Securities
Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder
(collectively, the “Exchange Act”), which is or is deemed to be incorporated by reference
in the Registration Statement, the Prospectus or the Preliminary Prospectus, as the case may be,
after the Initial Sale Time.
The Company hereby confirms its agreements with the Underwriters as follows:
Section 1. Representations and Warranties of the Company
The Company hereby represents, warrants and covenants to each of the Underwriters as of the
date hereof, as of the Initial Sale Time and as of the Closing Date (in each case, a
“Representation Date”), as follows:
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a) Compliance with Registration Requirements. The Company meets the requirements for use of
Form S-3 under the Securities Act. The Registration Statement has become effective under the
Securities Act and no stop order suspending the effectiveness of the Registration Statement has
been issued under the Securities Act and no proceedings for that purpose have been instituted or
are pending or, to the knowledge of the Company, are contemplated or threatened by the Commission,
and any request on the part of the Commission for additional information has been complied with.
In addition, the Indenture has been duly qualified under the Trust Indenture Act of 1939, as
amended, and the rules and regulations promulgated thereunder (the “Trust Indenture Act”).
At the respective times the Registration Statement and any post-effective amendments thereto
became effective and at each Representation Date, the Registration Statement and any amendments
thereto (i) complied and will comply in all material respects with the requirements of the
Securities Act and the Trust Indenture Act, and (ii) did not and will not contain any 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. At the date of the Prospectus and at the
Closing Date, neither the Prospectus nor any amendments or supplements thereto included or will
include an untrue statement of a material fact or omitted or will 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. Notwithstanding the foregoing, the representations and warranties
in this subsection shall not apply to statements in or omissions from the Registration Statement or
any post-effective amendment or the Prospectus or any amendments or supplements thereto made in
reliance upon and in conformity with information furnished to the Company in writing by any of the
Underwriters through the Representatives expressly for use therein, it being understood and agreed
that the only such information furnished by any Underwriter through the Representatives consists of
the information described as such in Section 8(b) hereof.
Each Preliminary Prospectus and the Prospectus, at the time each was filed with the
Commission, complied in all material respects with the Securities Act, and the Preliminary
Prospectus and the Prospectus delivered to the Underwriters for use in connection with the offering
of the Notes will, at the time of such delivery, be identical to any electronically transmitted
copies thereof filed with the Commission pursuant to XXXXX, except to the extent permitted by
Regulation S-T.
b) Disclosure Package. The term “Disclosure Package” shall mean (i) the Preliminary
Prospectus dated August 9, 2011 filed with the Commission at 1:22:41 P.M. on August 9, 2011, (ii)
the issuer free writing prospectuses as defined in Rule 433 of the Securities Act (each, an
“Issuer Free Writing Prospectus”), if any, identified in Annex I hereto and (iii) any other
free writing prospectus that the parties hereto shall hereafter expressly agree in writing to treat
as part of the Disclosure Package. As of the Initial Sale Time, the Disclosure Package did not
contain any untrue statement of a material fact or omit to state any material fact necessary in
order to make the statements therein, in the light of the circumstances under which they were made,
not misleading. The preceding sentence does not apply to statements in or omissions from the
Disclosure Package based upon and in conformity with written information furnished to the Company
by any Underwriter through the Representatives specifically for use therein, it being
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understood and agreed that the only such information furnished by any Underwriter through the
Representatives consists of the information described as such in Section 8(b) hereof.
c) Incorporated Documents. The documents incorporated or deemed to be incorporated by
reference in the Registration Statement, the Preliminary Prospectus and the Prospectus (i) at the
time they were or hereafter are filed with the Commission, complied or will comply in all material
respects with the requirements of the Exchange Act and (ii) when read together with the other
information in the Disclosure Package, at the Initial Sale Time, and when read together with the
other information in the Prospectus, at the date of the Prospectus and at the Closing Date, did not
or 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.
d) Company is a Well-Known Seasoned Issuer. (i) At the time of filing the Registration
Statement, (ii) at the time of the most recent amendment thereto for the purposes of complying with
Section 10(a)(3) of the Securities Act (whether such amendment was by post-effective amendment,
incorporated report filed pursuant to Section 13 or 15(d) of the Exchange Act or form of
prospectus), (iii) at the time the Company or any person acting on its behalf (within the meaning,
for this clause only, of Rule 163(c) of the Securities Act) made any offer relating to the Notes in
reliance on the exemption of Rule 163 of the Securities Act, and (iv) as of the Execution Time, the
Company was and is a “well known seasoned issuer” as defined in Rule 405 of the Securities Act.
The Registration Statement is an “automatic shelf registration statement,” as defined in Rule 405
of the Securities Act, that automatically became effective not more than three years prior to the
Execution Time; the Company has not received from the Commission any notice pursuant to Rule
401(g)(2) of the Securities Act objecting to use of the automatic shelf registration statement form
and the Company has not otherwise ceased to be eligible to use the automatic shelf registration
form.
e) Company is not an Ineligible Issuer. (i) At the time of filing the Registration Statement
and (ii) as of the Execution Time (with such date being used as the determination date for purposes
of this clause (ii)), the Company was not and is not an Ineligible Issuer (as defined in Rule 405
of the Securities Act), without taking account of any determination by the Commission pursuant to
Rule 405 of the Securities Act that it is not necessary that the Company be considered an
Ineligible Issuer.
f) Issuer Free Writing Prospectuses. Each Issuer Free Writing Prospectus, as of its issue
date and at all subsequent times through the completion of the offering of Notes under this
Agreement or until any earlier date that the Company notified or notifies the Representatives as
described in the next sentence, did not, does not and will not include any information that
conflicted, conflicts or will conflict with the information contained in the Registration
Statement, the Preliminary Prospectus or the Prospectus. If at any time following issuance of an
Issuer Free Writing Prospectus there occurred or occurs an event or development as a result of
which such Issuer Free Writing Prospectus conflicted or would conflict with the information
contained in the Registration Statement, the Preliminary Prospectus or the Prospectus the Company
has promptly notified or will promptly notify the Representatives and has promptly amended or
supplemented
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or will promptly amend or supplement, at its own expense, such Issuer Free Writing Prospectus
to eliminate or correct such conflict. The foregoing two sentences do not apply to statements in
or omissions from any Issuer Free Writing Prospectus based upon and in conformity with written
information furnished to the Company by any Underwriter through the Representatives specifically
for use therein, it being understood and agreed that the only such information furnished by any
Underwriter through the Representatives consists of the information described as such in Section
8(b) hereof.
g) Distribution of Offering Material By the Company. The Company has not distributed and will
not distribute, prior to the later of the Closing Date and the completion of the Underwriters’
distribution of the Notes, any offering material in connection with the offering and sale of the
Notes other than the Registration Statement, the Preliminary Prospectus, the Prospectus, any Issuer
Free Writing Prospectus reviewed and consented to by the Representatives and included in Annex I
hereto or any electronic road show or other written communications reviewed and consented to by the
Representatives and listed on Annex II hereto (collectively, “Company Additional Written
Communication”). Each such Company Additional Written Communication, when taken together with
the Disclosure Package, did not, and at the Closing Date will not, contain any 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. The preceding
sentence does not apply to statements in or omissions from each such Company Additional Written
Communication based upon and in conformity with written information furnished to the Company by any
Underwriter through the Representatives specifically for use therein, it being understood and
agreed that the only such information furnished by any Underwriter through the Representatives
consists of the information described as such in Section 8(b) hereof.
h) No Applicable Registration or Other Similar Rights. There are no persons with registration
or other similar rights to have any equity or debt securities registered for sale under the
Registration Statement or included in the offering contemplated by this Agreement, except for such
rights as have been duly waived.
i) The Underwriting Agreement. This Agreement has been duly authorized, executed and
delivered by the Company.
j) The DTC Agreement. The DTC Agreement has been duly authorized, executed and delivered by,
and constitutes a valid and binding agreement of, the Company, enforceable against the Company in
accordance with its terms, except as the enforcement thereof may be limited by bankruptcy,
insolvency, fraudulent transfer, reorganization, moratorium or other similar laws relating to or
affecting the rights and remedies of creditors or by general equitable principles.
k) The Acquisition Agreement. The Acquisition Agreement has been duly authorized, executed
and delivered by, and constitutes a valid and binding agreement of, the Company, enforceable
against the Company in accordance with its terms, except as the enforcement thereof may be limited
by bankruptcy, insolvency, fraudulent transfer,
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reorganization, moratorium or other similar laws relating to or affecting the rights and
remedies of creditors or by general equitable principles. To the knowledge of the Company, no party
is in breach of its representations, warranties, or covenants contained in the Acquisition
Agreement, except as such breach would not have a material adverse effect on the completion of the
Acquisition.
l) Authorization of the Indenture. The Indenture has been duly qualified under the Trust
Indenture Act; the Base Indenture has been duly authorized, executed and delivered by the Company
and constitutes a valid and binding agreement of the Company, enforceable against the Company in
accordance with its terms, except as the enforcement thereof may be limited by bankruptcy,
insolvency, fraudulent transfer, reorganization, moratorium or other similar laws relating to or
affecting the rights and remedies of creditors or by general equitable principles; and the
Supplemental Indenture has been duly authorized by the Company and when executed and delivered by
the Company and the Trustee, will constitute a valid and binding agreement of the Company,
enforceable against the Company in accordance with its terms, except as the enforcement thereof may
be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other
similar laws relating to or affecting the rights and remedies of creditors or by general equitable
principles.
m) Authorization of the Notes. The Notes to be purchased by the Underwriters from the Company
have been duly authorized for issuance and sale pursuant to this Agreement and the Indenture and,
at the Closing Date, will be in the form contemplated by the Indenture and will have been duly
executed by the Company and, when issued and authenticated in the manner provided for in the
Indenture and delivered against payment of the purchase price therefor, will constitute valid and
binding obligations of the Company, enforceable against the Company in accordance with their terms,
except as the enforcement thereof may be limited by bankruptcy, insolvency, fraudulent transfer,
reorganization, moratorium or other similar laws relating to or affecting the rights and remedies
of creditors or by general equitable principles, and will be entitled to the benefits of the
Indenture.
n) Description of the Notes and the Indenture. The Notes and the Indenture conform or will
conform, as the case may be, in all material respects to the descriptions thereof contained in the
Disclosure Package and the Prospectus.
o) No Material Adverse Change. Except as otherwise disclosed in the Disclosure Package,
subsequent to the respective dates as of which information is given in the Disclosure Package, (i)
neither the Company nor any of its subsidiaries has sustained any loss or interference with its
business from fire, explosion, flood or other calamity, whether or not covered by insurance, or
from any labor dispute or court or governmental action, order or decree, other than any such loss
or interference that would not reasonably be expected to result in a Material Adverse Change (as
defined below); (ii) there has been no material adverse change, or any development that could
reasonably be expected to result in a material adverse change, in the business, properties,
financial position, results of operations or prospects of the Company and its subsidiaries,
considered as one entity (any such change is called a “Material Adverse Change”); and (iii)
there has been no development that would reasonably be expected to have a material
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adverse effect on the consummation of the transactions contemplated by the Acquisition
Agreement, including, without limitation, the Acquisition.
p) Independent Accountants. PricewaterhouseCoopers LLP, who have expressed their opinion with
respect to the Company’s audited financial statements for the fiscal years ended 2008, 2009 and
2010 incorporated by reference in the Registration Statement, the Disclosure Package and the
Prospectus, are independent public accountants with respect to the Company as required by the
Exchange Act and are an independent public accounting firm registered with the Public Company
Accounting Oversight Board.
q) Preparation of the Financial Statements. The financial statements together with the
related notes thereto incorporated by reference in the Registration Statement, the Disclosure
Package and the Prospectus present fairly in all material respects the consolidated financial
position of the Company and its consolidated subsidiaries as of and at the dates indicated and the
consolidated results of their operations and consolidated cash flows for the periods specified.
Such financial statements have been prepared in conformity with generally accepted accounting
principles (“GAAP”) as applied in the United States applied on a consistent basis
throughout the periods involved, except as described in the related notes thereto. The other
historical financial information included in the Disclosure Package and the Prospectus present
fairly the information shown therein.
r) Incorporation and Good Standing of the Company and its Subsidiaries. Each of the Company
and its significant subsidiaries (as defined in Rule 1-02(w) of Regulation S-X, the
“Significant Subsidiaries”) has been duly incorporated or formed and is validly existing as
a corporation, limited liability company, partnership or other legal entity in good standing under
the laws of the jurisdiction of its incorporation or formation and each has corporate, limited
liability company, partnership or other power and authority to own or lease, as the case may be,
and operate its properties and to conduct its business as described in the Disclosure Package and
the Prospectus and, in the case of the Company, to enter into and perform its obligations under
this Agreement and the Acquisition Agreement. Each of the Company and each Significant Subsidiary
is duly qualified as a foreign corporation, limited liability company, partnership or other legal
entity to transact business and is in good standing in each jurisdiction in which such
qualification is required, whether by reason of the ownership or leasing of property or the conduct
of business, except for such jurisdictions where the failure to so qualify or to be in good
standing would not, individually or in the aggregate, reasonably be expected to result in a
Material Adverse Change. All of the issued and outstanding shares of capital stock or other equity
interests of each Significant Subsidiary have been duly authorized and validly issued, are fully
paid and nonassessable and are owned directly or indirectly by the Company, free and clear of any
security interest, mortgage, pledge, lien, encumbrance, restriction on voting or transfer or any
other claim of any third party (except, in the case of any foreign subsidiary, for directors’
qualifying shares and except as otherwise disclosed in or contemplated by the Disclosure Package
and the Prospectus). The Company does not have any subsidiary not listed on Exhibit 21 to the
Annual Report on Form 10-K which is required to be so listed other than Dionex Corporation, which
became the Company’s subsidiary on May 17, 2011.
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s) Capitalization and Other Capital Stock Matters. The authorized, issued and outstanding
capital stock of the Company is as set forth in the Company’s Quarterly Report on Form 10-Q filed
on August 5, 2011, which is incorporated by reference into the Disclosure Package and the
Prospectus (other than, with respect to issued and outstanding capital stock, share repurchases by
the Company and subsequent issuances of capital stock, if any, pursuant to employee benefit plans
described in the Disclosure Package and the Prospectus or upon exercise of outstanding options or
conversion of convertible debentures described in the Disclosure Package and the Prospectus, as the
case may be, and except for other immaterial variances).
t) Non-Contravention of Existing Instruments; No Further Authorizations or Approvals Required.
Neither (i) the Company nor any of its Significant Subsidiaries is in violation of its charter,
by-laws or similar organizational documents, (ii) the Company nor any of its subsidiaries is in
default, and no event has occurred that, with notice or lapse of time or both, would constitute a
default (“Default”) under any indenture, mortgage, loan or credit agreement, deed of trust,
note, contract, franchise, lease or other agreement, obligation, condition, covenant or instrument
to which the Company or any of its subsidiaries is a party or by which it or any of them may be
bound or to which any of the property or assets of the Company or any of its subsidiaries is
subject (each, an “Existing Instrument”) or (iii) the Company nor any of its subsidiaries
is in violation of any statute, law, rule, regulation, judgment, order or decree of any court,
regulatory body, administrative agency, governmental body, arbitrator or other authority having
jurisdiction over the Company or any of its subsidiaries or any of its or their properties, as
applicable, except, with respect to clauses (ii) and (iii) only, for such Defaults or violations as
would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse
Change. The Company’s execution, delivery and performance of this Agreement and the Acquisition
Agreement and consummation of the Acquisition and the transactions contemplated hereby, by the
Disclosure Package and by the Prospectus (i) have been duly authorized by all necessary corporate
action and will not result in any violation of the articles of incorporation, charter or by laws of
the Company or any subsidiary, (ii) will not conflict with or constitute a breach of, or Default or
a Debt Repayment Triggering Event (as defined below) under, or result in the creation or imposition
of any lien, charge or encumbrance upon any property or assets of the Company or any of its
subsidiaries pursuant to, or require the consent of any other party to, any Existing Instrument,
and (iii) will not result in any violation of any statute, law, rule, regulation, judgment, order
or decree applicable to the Company or any of its subsidiaries of any court, regulatory body,
administrative agency, governmental body, arbitrator or other authority having jurisdiction over
the Company or any of its subsidiaries or any of its or their properties, except, with respect to
clauses (ii) and (iii) only, as would not, individually or in the aggregate, reasonably be expected
to result in a Material Adverse Change and would not prevent the Company from performing its
obligations under this Agreement and the Acquisition Agreement and from consummating the
Acquisition and the transactions contemplated hereby. No consent, approval, authorization or other
order of, or registration or filing with, any court or other governmental or regulatory authority
or agency is required for the Company’s execution, delivery and performance of this Agreement and
the Acquisition Agreement or consummation of the Acquisition and the transactions contemplated
hereby, by the Disclosure Package or by the Prospectus, except such as may be required by the
securities laws of foreign jurisdictions or have
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been obtained or made by the Company and are in full force and effect under the Securities
Act, applicable state securities or blue sky laws and from the Financial Industry Regulatory
Authority (the “FINRA”). As used herein, a “Debt Repayment Triggering Event” means any
event or condition which gives, or with the giving of notice or lapse of time or both would give,
the holder of any note, debenture or other evidence of indebtedness (or any person acting on such
holder’s behalf) issued by the Company, the right to require the repurchase, redemption or
repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.
u) No Material Actions or Proceedings. Except as disclosed in the Disclosure Package and the
Prospectus, there are no legal or governmental actions, suits or proceedings pending or, to the
Company’s knowledge, threatened (i) against or affecting the Company or any of its subsidiaries,
(ii) which has as the subject thereof any property owned or leased by, the Company or any of its
subsidiaries or (iii) relating to environmental or discrimination matters related to the Company or
its subsidiaries, in each case where any such action, suit or proceeding, if determined adversely,
would reasonably be expected to, individually or in the aggregate, result in a Material Adverse
Change or adversely affect the consummation of the transactions contemplated by this Agreement and
the Acquisition Agreement.
v) Labor Matters. No labor disturbance by or imminent dispute with employees of the Company
or any of its subsidiaries exists or, to the knowledge of the Company, is contemplated or
threatened, except any such disturbances or disputes that would not, individually or in the
aggregate, reasonably be expected to result in a Material Adverse Change.
w) Intellectual Property Rights. Except as set forth in the Disclosure Package and the
Prospectus, to the Company’s knowledge, (i) the Company and its subsidiaries own, possess or can
acquire on reasonable terms adequate rights to use all patents, patent applications, trademarks,
service marks, trade names, trademark registrations, service mark registrations, copyrights,
licenses and know-how (including trade secrets and other unpatented and/or unpatentable proprietary
or confidential information, systems or procedures) (collectively, “Intellectual Property
Rights”) necessary for the conduct of their respective businesses as described in the
Disclosure Package and the Prospectus, except any such failures to own or possess the right to use
such Intellectual Property Rights that would not, individually or in the aggregate, reasonably be
expected to result in a Material Adverse Change; (ii) to the Company’s knowledge, the conduct of
their respective businesses does not conflict in any material respect with any Intellectual
Property Rights of others, except any such conflicts that would not, individually or in the
aggregate, reasonably be expected to result in a Material Adverse Change; and (iii) the Company and
its subsidiaries have not received any actual notice of any claim of infringement of or conflict
with the asserted Intellectual Property Rights of others, except any such claims that would not,
individually or in the aggregate, reasonably be expected to result in a Material Adverse Change.
x) All Necessary Permits, etc. The Company and each Significant Subsidiary possess such valid
and current certificates, authorizations, permits, licenses, approvals, consents and other
authorizations issued by the appropriate state, federal or foreign regulatory agencies or bodies
necessary to conduct their respective businesses, except where the failure to possess the
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same would not, individually or in the aggregate, reasonably be expected to result in a
Material Adverse Change, and neither the Company nor any Significant Subsidiary has received any
notice of proceedings relating to the revocation or modification of, or non-compliance with, any
such certificate, authorization, permit, license, approval, consent or other authorization which,
singly or in the aggregate, if the subject of an unfavorable decision, ruling or finding, would
reasonably be expected to result in a Material Adverse Change.
y) Title to Properties. Except as otherwise disclosed in the Disclosure Package and the
Prospectus, the Company and its subsidiaries have good and marketable title in fee simple to, or
have valid rights to lease or otherwise use, all items of real and personal property that are
material to the Company and its subsidiaries taken as a whole, in each case free and clear of all
liens, encumbrances, claims and defects and imperfections of title except those that do not
materially interfere with the use made and proposed to be made of such property by the Company and
its subsidiaries or would not reasonably be expected, individually or in the aggregate, to result
in a Material Adverse Change.
z) Tax Law Compliance. The Company and its subsidiaries have filed all tax returns material
to the Company and its subsidiaries taken as a whole required to be filed through the date hereof
and paid all taxes shown as due thereon, except for taxes being contested in good faith and for
which adequate reserves have been established in accordance with generally accepted accounting
principles; and except as otherwise disclosed in the Disclosure Package and the Prospectus, there
is no tax deficiency material to the Company and its subsidiaries taken as a whole that has been,
or would reasonably be expected to be, asserted against the Company or any of its subsidiaries or
any of their respective properties or assets.
aa) Company Not an Investment Company. The Company is not, and after receipt of payment for
the Notes and the application of the proceeds thereof as contemplated under the caption “Use of
Proceeds” in the Disclosure Package and the Prospectus will not be, required to register as an
“investment company” within the meaning of the Investment Company Act of 1940, as amended, and the
rules and regulations promulgated thereunder.
bb) Funding of Acquisition. The Company is not aware of any fact that will prevent the
Company and its subsidiaries from having funds in amounts sufficient, together with the net
proceeds from the sale of the Notes and available cash, to consummate the Acquisition.
cc) Insurance. The Company and its subsidiaries taken as a whole carry or are entitled to the
benefits of insurance covering their respective properties, operations, personnel and businesses,
including business interruption insurance, which insurance is in such amounts and insures against
such losses and risks as are customary for companies engaged in similar businesses in similar
industries as the Company and its subsidiaries.
dd) No Price Stabilization or Manipulation. The Company has not taken and will not take,
directly or indirectly, any action designed to or that would be reasonably expected to cause or
result in stabilization or manipulation of the price of the Notes.
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ee) No Unlawful Contributions or Other Payments. Neither the Company nor any of its
subsidiaries nor, to the knowledge of the Company, any director, officer, agent, employee or other
person associated with or acting on behalf of the Company or any of its subsidiaries, has (i) made
any direct or indirect unlawful payment to any foreign or domestic government official or employee
from corporate funds; (ii) violated or is in violation of any provision of the Foreign Corrupt
Practices Act of 1977, as amended, and the rules and regulations thereunder; or (iii) made any
bribe, rebate, payoff, influence payment, kickback or other unlawful payment.
ff) No Conflict with Money Laundering Laws. The operations of the Company and its
subsidiaries are and have been conducted at all times in compliance in all material respects with
applicable financial recordkeeping and reporting requirements of the Currency and Foreign
Transactions Reporting Act of 1970, as amended, the money laundering statutes of all applicable
jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations
or guidelines issued, administered or enforced by any governmental agency (collectively, the
“Money Laundering Laws”) and no action, suit or proceeding by or before any court or
governmental agency, authority or body or any arbitrator involving the Company or any of its
subsidiaries with respect to the Money Laundering Laws is pending or, to the best of the Company’s
knowledge, threatened.
gg) No Conflict with OFAC Laws. Neither the Company nor any of its subsidiaries nor, to the
Company’s knowledge, any director, officer, agent, employee or affiliate of the Company or any of
its subsidiaries is currently subject to any U.S. sanctions administered by the Office of Foreign
Assets Control of the U.S. Treasury Department (“OFAC”); and the Company will not directly
or indirectly use the proceeds of the offering, or lend, contribute or otherwise make available
such proceeds, to any subsidiary, joint venture partner or other person or entity, for the purpose
of financing the activities of any person currently subject to any U.S. sanctions administered by
OFAC.
hh) Compliance with Environmental Laws. Except as otherwise disclosed in the Disclosure
Package and the Prospectus, the Company and its subsidiaries (i) are and have been in compliance
with any and all applicable federal, state, local and foreign laws, rules, regulations, decisions
and orders relating to the protection of human health and safety, the environment or hazardous or
toxic substances or wastes, pollutants or contaminants (collectively, “Environmental
Laws”); (ii) have received and are in compliance with all permits, licenses or other approvals
required of them under applicable Environmental Laws to conduct their respective businesses; and
(iii) have not received actual notice of, and are not aware of any reasonable basis for, any actual
or potential liability or obligations concerning the presence, investigation, remediation, disposal
or release of, or exposure to, hazardous or toxic substances or wastes, pollutants or contaminants,
except, in the case of each of clauses (i), (ii) and (iii), as would not, individually or in the
aggregate, reasonably be expected to result in a Material Adverse Change.
ii) Xxxxxxxx-Xxxxx Compliance. There is and has been no failure on the part of the Company
and, to the Company’s knowledge, any of the Company’s directors or officers, in their capacities as
such, to comply in all material respects with any provision of the Xxxxxxxx-Xxxxx
12
Act of 2002 and the rules and regulations promulgated in connection therewith (the
“Xxxxxxxx-Xxxxx Act”), including Section 402 related to loans and Sections 302 and 906
related to certifications.
jj) Internal Controls and Procedures. The Company maintains a system of internal accounting
controls sufficient to provide reasonable assurance that (A) transactions are executed in
accordance with management’s general or specific authorizations; (B) transactions are recorded as
necessary to permit preparation of financial statements in conformity with generally accepted
accounting principles and to maintain asset accountability; (C) access to assets is permitted only
in accordance with management’s general or specific authorization; and (D) the recorded
accountability for assets is compared with the existing assets at reasonable intervals and
appropriate action is taken with respect to any differences.
kk) No Material Weakness in Internal Controls. Except as disclosed in the Disclosure Package
and the Prospectus, since the end of the Company’s most recent audited fiscal year, there has been
(i) no material weakness in the Company’s internal control over financial reporting (whether or not
remediated) and (ii) no change in the Company’s internal control over financial reporting that has
materially affected, or is reasonably likely to materially affect, the Company’s internal control
over financial reporting.
ll) Accuracy of Exhibits. There are no franchises, contracts or documents which are required
to be described in the Registration Statement, the Disclosure Package, the Prospectus or the
documents incorporated by reference therein or to be filed as exhibits to the Registration
Statement which have not been so described and filed as required.
Any certificate signed by an officer of the Company and delivered to the Representatives or to
counsel for the Underwriters in connection with the consummation of the transactions contemplated
by this Agreement shall be deemed to be a representation and warranty by the Company to each
Underwriter as to the matters set forth therein.
Section 2. Purchase, Sale and Delivery of the Notes.
a) The Notes. The Company agrees to issue and sell to the several Underwriters, severally and
not jointly, all of the Notes upon the terms herein set forth. On the basis of the
representations, warranties and agreements herein contained, and upon the terms but subject to the
conditions herein set forth, the Underwriters agree, severally and not jointly, to purchase from
the Company the aggregate principal amount of Notes set forth opposite their names on Schedule A at
a purchase price of 99.226% of the principal amount of the 2016 Notes and 99.159% of the principal
amount of the 2021 Notes, payable on the Closing Date.
b) The Closing Date. Delivery of certificates for the Notes in global form to be purchased by
the Underwriters and payment therefor shall be made at the New York offices of Shearman & Sterling
LLP, counsel for the Underwriters (or such other place as may be agreed to by the Company and the
Representatives) at 9:00 a.m., New York City time, on August 16, 2011,
13
or such other time and date as the Underwriters and the Company shall mutually agree (the time
and date of such closing are called the “Closing Date”).
c) Public Offering of the Notes. The Representatives hereby advise the Company that the
Underwriters intend to offer for sale to the public, as described in the Disclosure Package and the
Prospectus, their respective portions of the Notes as soon after the Execution Time as the
Representatives, in their sole judgment, have determined is advisable and practicable.
d) Payment for the Notes. Payment for the Notes shall be made on the Closing Date by wire
transfer of immediately available funds to the order of the Company.
It is understood that the Representatives have been authorized, for their own accounts and for
the accounts of the several Underwriters, to accept delivery of and receipt for, and make payment
of the purchase price for, the Notes that the Underwriters have agreed to purchase. The
Representatives may (but shall not be obligated to) make payment for any Notes to be purchased by
any Underwriter whose funds shall not have been received by the Representatives by the Closing Date
for the account of such Underwriter, but any such payment shall not relieve such Underwriter from
any of its obligations under this Agreement.
e) Delivery of the Notes. The Company shall deliver, or cause to be delivered, to the
Representatives for the accounts of the several Underwriters certificates for the Notes on the
Closing Date, against the irrevocable release of a wire transfer of immediately available funds for
the amount of the purchase price therefor. The certificates for the Notes shall be in such
denominations and registered in such names and denominations as the Representatives shall have
requested at least two full business days prior to the Closing Date and shall be made available for
inspection on the business day preceding the Closing Date at a location in New York City, as the
Representatives may designate.
Section 3. Covenants of the Company.
The Company covenants and agrees with each Underwriter as follows:
a) Compliance with Securities Regulations and Commission Requests. The Company, subject to
Section 3(b), will comply with the requirements of Rule 430B of the Securities Act, and will
promptly notify the Representatives, and confirm the notice in writing, of (i) the effectiveness
during the Prospectus Delivery Period (as defined below) of any post-effective amendment to the
Registration Statement or the filing of any supplement or amendment to the Preliminary Prospectus
or the Prospectus, (ii) the receipt of any comments from the Commission during the Prospectus
Delivery Period, (iii) any request by the Commission for any amendment to the Registration
Statement or any amendment or supplement to the Preliminary Prospectus or the Prospectus or for
additional information, and (iv) the issuance by the Commission of any stop order suspending the
effectiveness of the Registration Statement or of any order preventing or suspending the use of the
Preliminary Prospectus or the Prospectus, or of the suspension of the qualification of the Notes
for offering or sale in any jurisdiction, or of the initiation or threatening of any proceedings
for any of such purposes. The
14
Company will promptly effect the filings necessary pursuant to Rule 424 of the Securities Act
and will take such steps as it deems necessary to ascertain promptly whether the Preliminary
Prospectus and the Prospectus transmitted for filing under Rule 424 of the Securities Act was
received for filing by the Commission and, in the event that it was not, it will promptly file such
document. The Company will use its reasonable best efforts to prevent the issuance of any stop
order and, if any stop order is issued, to obtain the lifting thereof at the earliest possible
moment.
b) Filing of Amendments. During such period beginning on the date of this Agreement and
ending on the later of the Closing Date or such date as, in the opinion of counsel for the
Underwriters, the Prospectus is no longer required by law to be delivered in connection with sales
of the Notes by an Underwriter or dealer, including in circumstances where such requirement may be
satisfied pursuant to Rule 172 of the Securities Act (the “Prospectus Delivery Period”),
the Company will give the Representatives notice of its intention to file or prepare any amendment
to the Registration Statement (including any filing under Rule 462(b) of the Securities Act), or
any amendment, supplement or revision to the Disclosure Package or the Prospectus, whether pursuant
to the Securities Act, the Exchange Act or otherwise, will furnish the Representatives with copies
of any such documents a reasonable amount of time prior to such proposed filing or use, as the case
may be, and will not file or use any such document to which the Representatives or counsel for the
Underwriters shall reasonably object.
c) Delivery of Registration Statements. The Company has furnished or will deliver, upon
request, to the Representatives and counsel for the Underwriters, without charge, signed copies of
the Registration Statement as originally filed and of each amendment thereto (including exhibits
filed therewith or incorporated by reference therein and documents incorporated or deemed to be
incorporated by reference therein) and signed copies of all consents and certificates of experts,
and will also deliver to the Representatives, without charge, a conformed copy of the Registration
Statement as originally filed and of each amendment thereto (without exhibits) for each of the
Underwriters. The Registration Statement and each amendment thereto furnished to the Underwriters
will be identical to any electronically transmitted copies thereof filed with the Commission
pursuant to XXXXX, except to the extent permitted by Regulation S-T.
d) Delivery of Prospectuses. The Company will deliver to each Underwriter, without charge, as
many copies of the Preliminary Prospectus as such Underwriter may reasonably request, and the
Company hereby consents to the use of such copies for purposes permitted by the Securities Act.
The Company will furnish to each Underwriter, without charge, during the Prospectus Delivery
Period, such number of copies of the Prospectus as such Underwriter may reasonably request. The
Preliminary Prospectus and the Prospectus and any amendments or supplements thereto furnished to
the Underwriters will be identical to any electronically transmitted copies thereof filed with the
Commission pursuant to XXXXX, except to the extent permitted by Regulation S-T.
e) Continued Compliance with Securities Laws. The Company will comply with the Securities Act
and the Exchange Act so as to permit the completion of the distribution of the Notes as
contemplated in this Agreement and in the Registration Statement, the Disclosure Package and the
Prospectus. If at any time during the Prospectus Delivery Period, any event
15
shall occur or condition shall exist as a result of which it is necessary, in the opinion of
counsel for the Underwriters or for the Company, to amend the Registration Statement in order that
the Registration Statement will not contain an untrue statement of a material fact or omit to state
a material fact required to be stated therein or necessary to make the statements therein not
misleading or to amend or supplement the Disclosure Package or the Prospectus in order that the
Disclosure Package or the Prospectus, as the case may be, 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 existing at the Initial Sale Time or at the time it is delivered
or conveyed to a purchaser, not misleading, or if it shall be necessary, in the opinion of either
such counsel, at any such time to amend the Registration Statement or amend or supplement the
Disclosure Package or the Prospectus in order to comply with the requirements of any law, the
Company will (1) notify the Representatives of any such event, development or condition and (2)
promptly prepare and file with the Commission, subject to Section 3(b) hereof, such amendment or
supplement as may be necessary to correct such statement or omission or to make the Registration
Statement, the Disclosure Package or the Prospectus comply with such law, and the Company will
furnish to the Underwriters, without charge, such number of copies of such amendment or supplement
as the Underwriters may reasonably request.
f) Blue Sky Compliance. The Company shall cooperate with the Representatives and counsel for
the Underwriters to qualify or register the Notes for sale under (or obtain exemptions from the
application of) the state securities or blue sky laws of those jurisdictions designated by the
Representatives, shall comply with such laws and shall continue such qualifications, registrations
and exemptions in effect so long as required for the distribution of the Notes. The Company shall
not be required to qualify to transact business or to take any action that would subject it to
general service of process in any such jurisdiction where it is not presently qualified or where it
would be subject to taxation as a foreign business. The Company will advise the Representatives
promptly of the suspension of the qualification or registration of (or any such exemption relating
to) the Notes for offering, sale or trading in any jurisdiction or any initiation or threat of any
proceeding for any such purpose, and in the event of the issuance of any order suspending such
qualification, registration or exemption, the Company shall use its best efforts to obtain the
withdrawal thereof at the earliest possible moment.
g) Use of Proceeds. The Company shall apply the net proceeds from the sale of the Notes sold
by it in the manner described under the caption “Use of Proceeds” in the Disclosure Package and the
Prospectus.
h) Depositary. The Company will cooperate with the Underwriters and use its best efforts to
permit the Notes to be eligible for clearance and settlement through the facilities of the
Depositary.
i) Periodic Reporting Obligations. During the Prospectus Delivery Period, the Company shall
file, on a timely basis, with the Commission and the New York Stock Exchange all reports and
documents required to be filed under Section 13 or 15 of the Exchange Act.
16
j) Agreement Not to Offer or Sell Additional Securities. During the period commencing on the
date hereof and ending on the Closing Date, the Company will not, without the prior written consent
of the Representatives (which consent may be withheld at the sole discretion of the
Representatives), directly or indirectly, sell, offer, contract or grant any option to sell,
pledge, transfer or establish an open “put equivalent position” within the meaning of Rule 16a-1(h)
under the Exchange Act, or otherwise dispose of or transfer, or announce the offering of, or file
any registration statement under the Securities Act in respect of, any debt securities of the
Company similar to the Notes or securities exchangeable for or convertible into debt securities
similar to the Notes (other than as contemplated by this Agreement with respect to the Notes).
k) Final Term Sheet. The Company will prepare a final term sheet containing only a
description of the Notes, in a form approved by the Underwriters and attached as Exhibit B hereto,
and will file such term sheet pursuant to Rule 433(d) under the Securities Act within the time
required by such rule (such term sheet, the “Final Term Sheet”). Any such Final Term Sheet
is an Issuer Free Writing Prospectus for purposes of this Agreement.
l) Permitted Free Writing Prospectuses. The Company represents that it has not made, and
agrees that, unless it obtains the prior written consent of the Representatives, it will not make,
any offer relating to the Notes that would constitute an Issuer Free Writing Prospectus or that
would otherwise constitute a “free writing prospectus” (as defined in Rule 405 of the Securities
Act) required to be filed by the Company with the Commission or retained by the Company under Rule
433 of the Securities Act; provided that the prior written consent of the Representatives shall be
deemed to have been given in respect of any Issuer Free Writing Prospectuses included in Annex I to
this Agreement. Any such free writing prospectus consented to or deemed to be consented to by the
Representatives is hereinafter referred to as a “Permitted Free Writing Prospectus.” The
Company agrees that (i) it has treated and will treat, as the case may be, each Permitted Free
Writing Prospectus as an Issuer Free Writing Prospectus, and (ii) has complied and will comply, as
the case may be, with the requirements of Rules 164 and 433 of the Securities Act applicable to any
Permitted Free Writing Prospectus, including in respect of timely filing with the Commission,
legending and record keeping. The Company consents to the use by any Underwriter of a free writing
prospectus that (a) is not an “issuer free writing prospectus” as defined in Rule 433, and (b)
contains only (i) information describing the preliminary terms of the Notes or their offering, (ii)
information permitted by Rule 134 under the Securities Act or (iii) information that describes the
final terms of the Notes or their offering and that is included in the Final Term Sheet of the
Company contemplated in Section 3(k).
m) Notice of Inability to Use Automatic Shelf Registration Statement Form. If at any time
during the Prospectus Delivery Period, the Company receives from the Commission a notice pursuant
to Rule 401(g)(2) of the Securities Act or otherwise ceases to be eligible to use the automatic
shelf registration statement form, the Company will (i) promptly notify the Representatives, (ii)
promptly file a new registration statement or post-effective amendment on the proper form relating
to the Notes, in a form satisfactory to the Representatives, (iii) use its reasonable best efforts
to cause such registration statement or post-effective amendment to be
17
declared effective and (iv) promptly notify the Representatives of such effectiveness. The
Company will take all other action reasonably necessary or appropriate to permit the public
offering and sale of the Notes to continue as contemplated in the registration statement that was
the subject of the Rule 401(g)(2) of the Securities Act notice or for which the Company has
otherwise become ineligible. References herein to the Registration Statement shall include such
new registration statement or post-effective amendment, as the case may be.
n) Filing Fees. The Company agrees to pay the required Commission filing fees relating to the
Notes within the time required by and in accordance with Rule 456(b)(1) and 457(r) of the
Securities Act.
o) No Manipulation of Price. The Company will not take, directly or indirectly, any action
designed to cause or result in, or that has constituted or might reasonably be expected to
constitute, under the Exchange Act or otherwise, the stabilization or manipulation of the price of
the Notes.
The Representatives, on behalf of the several Underwriters, may, in their sole discretion,
waive in writing the performance by the Company of any one or more of the foregoing covenants or
extend the time for their performance.
Section 4. Payment of Expenses. The Company agrees to pay all costs, fees and
expenses incurred in connection with the performance of its obligations hereunder and in connection
with the transactions contemplated hereby, including without limitation (i) all expenses incident
to the issuance and delivery of the Notes (including all printing and engraving costs), (ii) all
necessary issue, transfer and other stamp taxes in connection with the issuance and sale of the
Notes, (iii) all fees and expenses of the Company’s counsel, independent public or certified public
accountants and other advisors to the Company, (iv) all costs and expenses incurred in connection
with the preparation, printing, filing, shipping and distribution of the Registration Statement
(including financial statements, exhibits, schedules, consents and certificates of experts), each
Issuer Free Writing Prospectus, the Preliminary Prospectus and the Prospectus, and all amendments
and supplements thereto, and this Agreement, the Indenture, the DTC Agreement and the Notes, (v)
all filing fees, attorneys’ fees and expenses incurred by the Company or the Underwriters in
connection with qualifying or registering (or obtaining exemptions from the qualification or
registration of) all or any part of the Notes for offer and sale under the state securities or blue
sky laws, and, if requested by the Representatives, preparing a “Blue Sky Survey” or memorandum,
and any supplements thereto, (vi) the filing fees incident to, and the reasonable fees and
disbursements of counsel to the Underwriters in connection with, the review, if any, by the FINRA
of the terms of the sale of the Notes, (vii) the fees and expenses of the Trustee, including the
reasonable fees and disbursements of counsel for the Trustee in connection with the Indenture and
the Notes, (viii) any fees payable in connection with the rating of the Notes with the ratings
agencies, (ix) all fees and expenses (including reasonable fees and expenses of counsel) of the
Company in connection with approval of the Notes by the Depositary for “book-entry” transfer, (x)
all other fees, costs and expenses referred to in Item 14 of Part II of the Registration Statement,
and (xi) all other fees, costs and expenses incurred in connection with the performance of its
obligations hereunder for which provision is not otherwise made in this
18
Section. Except as provided in this Section 4 and Sections 6, 8 and 9 hereof, the
Underwriters shall pay their own expenses, including the fees and disbursements of their counsel.
Section 5. Conditions of the Obligations of the Underwriters. The obligations of
the several Underwriters to purchase and pay for the Notes as provided herein on the Closing Date
shall be subject to the accuracy of the representations and warranties on the part of the Company
set forth in Section 1 hereof as of the date hereof, as of the Initial Sale Time, and as of the
Closing Date as though then made and to the timely performance by the Company of its covenants and
other obligations hereunder, and to each of the following additional conditions:
a) Effectiveness of Registration Statement. The Registration Statement shall have become
effective under the Securities Act and no stop order suspending the effectiveness of the
Registration Statement shall have been issued under the Securities Act and no proceedings for that
purpose shall have been instituted or be pending or threatened by the Commission, any request on
the part of the Commission for additional information shall have been complied with to the
reasonable satisfaction of counsel to the Underwriters and the Company shall not have received from
the Commission any notice pursuant to Rule 401(g)(2) of the Securities Act objecting to use of the
automatic shelf registration statement form. The Preliminary Prospectus and the Prospectus shall
have been filed with the Commission in accordance with Rule 424(b) (or any required post-effective
amendment providing such information shall have been filed and declared effective in accordance
with the requirements of Rule 430B).
b) Accountants’ Comfort Letter. On the date hereof, the Representatives shall have received
from PricewaterhouseCoopers LLP, independent registered public accountants for the Company, a
letter dated the date hereof addressed to the Underwriters, in form and substance reasonably
satisfactory to the Representatives with respect to the audited and unaudited financial statements
and certain financial information contained in the Registration Statement, the Disclosure Package
and the Prospectus.
c) Bring-down Comfort Letter. On the Closing Date, the Representatives shall have received
from PricewaterhouseCoopers LLP, independent registered public accountants for the Company, a
letter dated such date, in form and substance reasonably satisfactory to the Representatives, to
the effect that they reaffirm the statements made in the letter furnished by them pursuant to
subsection (b) of this Section 5, except that the specified date referred to therein for the
carrying out of procedures shall be no more than three business days prior to the Closing Date.
d) No Material Adverse Change or Ratings Agency Change. For the period from and after the
date of this Agreement and prior to the Closing Date:
(i) in the judgment of the Representatives there shall not have occurred any Material
Adverse Change;
(ii) there shall not have been any change or decrease specified in the letter or
letters referred to in paragraph (c) of this Section 5 which is, in the sole judgment of the
19
Representatives, so material and adverse as to make it impractical or inadvisable to
proceed with the offering or delivery of the Notes as contemplated by the Disclosure Package
and the Prospectus; and
(iii) there shall not have occurred any downgrading, nor shall any notice have been
given of any intended or potential downgrading or of any review for a possible change that
does not indicate the direction of the possible change, in the rating accorded any debt
securities of the Company by any “nationally recognized statistical rating organization” as
such term is defined under the Securities Act.
e) Opinion of Counsel for the Company. On the Closing Date, the Representatives shall have
received the favorable opinion, dated as of such Closing Date, of (1) Xxxxxx Xxxxxx Xxxxxxxxx Xxxx
and Xxxx LLP, counsel for the Company, the form of which is attached as Exhibit A-1 and (2) Xxxx X.
Xxxxxxxxx, Senior Vice President, General Counsel and Secretary of the Company, the form of which
is attached as Exhibit A-2.
f) Opinion of Counsel for the Underwriters. On the Closing Date, the Representatives shall
have received the favorable opinion of Xxxxxxxx & Sterling LLP, counsel for the Underwriters, dated
as of such Closing Date, with respect to such matters as may be reasonably requested by the
Underwriters.
g) Officers’ Certificate. On the Closing Date, the Representatives shall have received a
written certificate executed by the Chairman of the Board or the Chief Executive Officer or a
Senior Vice President of the Company and the Chief Financial Officer or Chief Accounting Officer of
the Company, dated as of such Closing Date, to the effect that:
(i) the Company has received no stop order suspending the effectiveness of the
Registration Statement, and no proceedings for such purpose have been instituted or
threatened by the Commission;
(ii) the Company has not received from the Commission any notice pursuant to Rule
401(g)(2) of the Securities Act objecting to use of the automatic shelf registration
statement form;
(iii) the representations, warranties and covenants of the Company set forth in
Section 1 of this Agreement are true and correct with the same force and effect as though
expressly made on and as of such Closing Date; and
(iv) the Company has complied with all the agreements hereunder and satisfied all the
conditions on its part to be performed or satisfied hereunder at or prior to such Closing
Date.
h) CFO’s Certificate. On the date hereof and on the Closing Date, the Underwriters shall have
received a written certificate executed by the Chief Financial Officer of the Company, in form and
substance reasonably satisfactory to the Representatives, with respect to the audited and unaudited
financial statements and certain financial information contained in the
20
Registration Statement, the Disclosure Package and the Prospectus that is not covered in the
“comfort letters” referenced in clause b) and clause c) above.
i) Additional Documents. On or before the Closing Date, the Representatives and counsel for
the Underwriters shall have received such information, documents and opinions as they may
reasonably require for the purposes of enabling them to pass upon the issuance and sale of the
Notes as contemplated herein, or in order to evidence the accuracy of any of the representations
and warranties, or the satisfaction of any of the conditions or agreements, herein contained.
If any condition specified in this Section 5 is not satisfied when and as required to be
satisfied, this Agreement may be terminated by the Representatives by notice to the Company at any
time on or prior to the Closing Date, which termination shall be without liability on the part of
any party to any other party, except that Sections 4, 6, 8, 9 and 17 shall at all times be
effective and shall survive such termination.
Section 6. Reimbursement of Underwriters’ Expenses. If this Agreement is terminated
by the Representatives pursuant to Section 5 or 11, or if the sale to the Underwriters of the Notes
on the Closing Date is not consummated because of any refusal, inability or failure on the part of
the Company to perform any agreement herein or to comply with any provision hereof other than by
reason of a default by any of the Underwriters, the Company agrees to reimburse the Representatives
and the other Underwriters (or such Underwriters as have terminated this Agreement with respect to
themselves), severally, upon demand for all out-of-pocket expenses that shall have been reasonably
incurred by the Representatives and the Underwriters in connection with the proposed purchase and
the offering and sale of the Notes, including but not limited to fees and disbursements of counsel,
printing expenses, travel expenses, postage, facsimile and telephone charges.
Section 7. Effectiveness of this Agreement. This Agreement shall not become
effective until the execution of this Agreement by the parties hereto.
Section 8. Indemnification.
(a) Indemnification of the Underwriters. The Company agrees to indemnify and hold harmless
each Underwriter, its directors, officers, employees, agents and affiliates and each person, if
any, who controls any Underwriter within the meaning of Section 15 of the Securities Act and
Section 20 of the Exchange Act against any loss, claim, damage, liability or expense, as incurred,
to which such Underwriter or such director, officer, employee, agent, affiliate or controlling
person may become subject, under the Securities Act, the Exchange Act or other federal or state
statutory law or regulation, or at common law or otherwise (including in settlement of any
litigation, if such settlement is effected with the written consent of the Company), insofar as
such loss, claim, damage, liability or expense (or actions in respect thereof as contemplated
below) arises out of or is based (i) upon any untrue statement or alleged untrue statement of a
material fact contained in the Registration Statement, or any amendment thereto, or the omission or
alleged omission therefrom of a material fact required to be stated therein or
21
necessary to make the statements therein not misleading; or (ii) upon any untrue statement or
alleged untrue statement of a material fact contained in each Company Additional Written
Communication, each Issuer Free Writing Prospectus, the Preliminary Prospectus or the Prospectus
(or any amendment or supplement thereto) or the omission or alleged omission therefrom of a
material fact necessary in order to make the statements therein, in the light of the circumstances
under which they were made, not misleading; and to reimburse each Underwriter and each such
director, officer, employee, agent, affiliate and controlling person for any and all expenses
(including the reasonable fees and disbursements of counsel chosen by the Representatives) as such
expenses are reasonably incurred by such Underwriter or such director, officer, employee, agent,
affiliate or controlling person in connection with investigating, defending, settling, compromising
or paying any such loss, claim, damage, liability, expense or action; provided, however, that the
foregoing indemnity agreement shall not apply to any loss, claim, damage, liability or expense to
the extent, but only to the extent, arising out of or based upon any untrue statement or alleged
untrue statement or omission or alleged omission made in reliance upon and in conformity with
written information furnished to the Company by any Underwriter through the Representatives
expressly for use in the Registration Statement, any Company Additional Written Communication, any
Issuer Free Writing Prospectus, the Preliminary Prospectus or the Prospectus (or any amendment or
supplement thereto), it being understood and agreed that the only such information furnished by any
Underwriter through the Representatives consists of the information described as such in Section
8(b) hereof. The indemnity agreement set forth in this Section 8(a) shall be in addition to any
liabilities that the Company may otherwise have.
(b) Indemnification of the Company, its Directors and Officers. Each Underwriter agrees,
severally and not jointly, to indemnify and hold harmless the Company, each of its directors, each
of its officers who signed the Registration Statement and each person, if any, who controls the
Company within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act,
against any loss, claim, damage, liability or expense, as incurred, to which the Company or any
such director, officer or controlling person may become subject, under the Securities Act, the
Exchange Act, or other federal or state statutory law or regulation, or at common law or otherwise
(including in settlement of any litigation, if such settlement is effected with the written consent
of such Underwriter), insofar as such loss, claim, damage, liability or expense (or actions in
respect thereof as contemplated below) arises out of or is based (i) upon any untrue statement or
alleged untrue statement of a material fact contained in the Registration Statement, or any
amendment thereto, or the omission or alleged omission therefrom of a material fact required to be
stated therein or necessary to make the statements therein not misleading; or (ii) upon any untrue
statement or alleged untrue statement of a material fact contained in each Company Additional
Written Communication, each Issuer Free Writing Prospectus, the Preliminary Prospectus or the
Prospectus (or any amendment or supplement thereto) or the omission or alleged omission therefrom
of a material fact necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading, in each case to the extent, but only to
the extent, that such untrue statement or alleged untrue statement or omission or alleged omission
was made in the Registration Statement, any Company Additional Written Communication, any Issuer
Free Writing
22
Prospectus, the Preliminary Prospectus or the Prospectus (or any amendment or supplement
thereto), in reliance upon and in conformity with written information furnished to the Company by
any Underwriter through the Representatives expressly for use therein; and to reimburse the
Company, or any such director, officer or controlling person for any legal and other expense
reasonably incurred by the Company, or any such director, officer or controlling person in
connection with investigating, defending, settling, compromising or paying any such loss, claim,
damage, liability, expense or action. The Company hereby acknowledges that the only information
furnished to the Company by any Underwriter through the Representatives expressly for use in the
Registration Statement, any Company Additional Written Communication, any Issuer Free Writing
Prospectus, the Preliminary Prospectus or the Prospectus (or any amendment or supplement thereto)
are the statements set forth in the fifth, ninth and tenth paragraphs under “Underwriting” in the
Preliminary Prospectus and in the Prospectus. The indemnity agreement set forth in this Section
8(b) shall be in addition to any liabilities that each Underwriter may otherwise have.
(c) Notifications and Other Indemnification Procedures. Promptly after receipt by an
indemnified party of notice of the commencement of any action under clause (a) or (b) of this
Section 8, such indemnified party will, if a claim in respect thereof is to be made against an
indemnifying party under this Section 8, notify the indemnifying party in writing of the
commencement thereof, but the omission to so notify the indemnifying party will not relieve it from
any liability which it may have to any indemnified party for contribution or otherwise under the
indemnity agreement contained in this Section 8 or to the extent it is not materially prejudiced as
a proximate result of such failure. In case any such action is brought against any indemnified
party and such indemnified party seeks or intends to seek indemnity from an indemnifying party, the
indemnifying party will be entitled to participate in, and, to the extent that it shall elect,
jointly with all other indemnifying parties similarly notified, by written notice delivered to the
indemnified party, to assume the defense thereof with counsel reasonably satisfactory to such
indemnified party; provided, however, such indemnified party shall have the right to employ its own
counsel in any such action and to participate in the defense thereof, but the fees and expenses of
such counsel shall be at the expense of such indemnified party, unless: (i) the employment of such
counsel has been specifically authorized in writing by the indemnifying party; (ii) the
indemnifying party has failed promptly to assume the defense and employ counsel reasonably
satisfactory to the indemnified party; or (iii) the named parties to any such action (including any
impleaded parties) include both such indemnified party and the indemnifying party or any affiliate
of the indemnifying party, and such indemnified party shall have reasonably concluded that either
(x) there may be one or more legal defenses available to it which are different from or additional
to those available to the indemnifying party or such affiliate of the indemnifying party or (y) a
conflict may exist between such indemnified party and the indemnifying party or such affiliate of
the indemnifying party (it being understood, however, that the indemnifying party shall not, in
connection with any one such action or separate but substantially similar or related actions in the
same jurisdiction arising out of the same general allegations or circumstances, be liable for the
fees and expenses of more than one separate firm of attorneys (in addition to a single firm of
local counsel) for all such indemnified parties, which firm shall be designated in writing by the
Representatives and that all such reasonable fees and
23
expenses shall be reimbursed as they are incurred). Upon receipt of notice from the
indemnifying party to such indemnified party of such indemnifying party’s election to so assume the
defense of such action and approval by the indemnified party of counsel, the indemnifying party
will not be liable to such indemnified party under this Section 8 for any legal or other expenses
subsequently incurred by such indemnified party in connection with the defense thereof unless the
indemnified party shall have employed separate counsel in accordance with the proviso to the next
preceding sentence, in which case the reasonable fees and expenses of counsel shall be at the
expense of the indemnifying party.
(d) Settlements. The indemnifying party under this Section 8 shall not be liable for any
settlement of any proceeding effected without its written consent, but if settled with such consent
or if there be a final judgment for the plaintiff, the indemnifying party agrees to indemnify the
indemnified party against any loss, claim, damage, liability or expense by reason of such
settlement or judgment. Notwithstanding the foregoing sentence, if at any time an indemnified
party shall have requested an indemnifying party to reimburse the indemnified party for fees and
expenses of counsel as contemplated by Section 8(c) hereof, the indemnifying party agrees that it
shall be liable for any settlement of any proceeding effected without its written consent if (i)
such settlement is entered into more than 30 days after receipt by such indemnifying party of the
aforesaid request and (ii) such indemnifying party shall not have reimbursed the indemnified party
in accordance with such request prior to the date of such settlement. No indemnifying party shall,
without the prior written consent of the indemnified party, effect any settlement, compromise or
consent to the entry of judgment in any pending or threatened action, suit or proceeding in respect
of which any indemnified party is or could have been a party and indemnity was or could have been
sought hereunder by such indemnified party, unless such settlement, compromise or consent (i)
includes an unconditional release of such indemnified party from all liability on claims that are
the subject matter of such action, suit or proceeding and (ii) does not include a statement as to
or an admission of fault, culpability or a failure to act, by or on behalf of any indemnified
party.
Section 9. Contribution. If the indemnification provided for in Section 8 is for
any reason held to be unavailable to or otherwise insufficient to hold harmless an indemnified
party in respect of any losses, claims, damages, liabilities or expenses referred to therein, then
the Company and the Underwriters shall contribute to the aggregate amount paid or payable by such
indemnified party, as incurred, as a result of any losses, claims, damages, liabilities or expenses
referred to therein (i) in such proportion as is appropriate to reflect the relative benefits
received by the Company, on the one hand, and the Underwriters, on the other hand, from the
offering of the Notes pursuant to this Agreement or (ii) if the allocation provided by clause (i)
above is not permitted by applicable law, in such proportion as is appropriate to reflect not only
the relative benefits referred to in clause (i) above but also the relative fault of the Company,
on the one hand, and the Underwriters, 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 benefits received by the Company, on the one
hand, and the Underwriters, on the other hand, in connection with the offering of the Notes
pursuant to this Agreement shall be deemed to be in the same respective proportions as the total
net proceeds from the offering of the Notes pursuant to this Agreement (before deducting
24
expenses) received by the Company, and the total underwriting discounts and commissions
received by the Underwriters, in each case as set forth on the front cover page of the Prospectus
bear to the aggregate initial public offering price of the Notes as set forth on such cover. The
relative fault of the Company, on the one hand, and the Underwriters, on the other hand, shall be
determined by reference to, among other things, whether any such untrue or alleged untrue statement
of a material fact or omission or alleged omission to state a material fact relates to information
supplied by the Company, on the one hand, or the Underwriters, 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
Section 8(c), any reasonable legal or other fees or expenses reasonably incurred by such party in
connection with investigating or defending any action or claim.
The Company and the Underwriters agree that it would not be just and equitable if contribution
pursuant to this Section 9 were determined by pro rata allocation (even if the Underwriters 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 this Section 9.
Notwithstanding the provisions of this Section 9, no Underwriter shall be required to
contribute any amount in excess of the total underwriting discounts and commissions received by
such Underwriter in connection with the Notes underwritten by it and distributed to the public. 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 Underwriters’ obligations to contribute pursuant to this Section
9 are several, and not joint, in proportion to their respective underwriting commitments as set
forth opposite their names in Schedule A. For purposes of this Section 9, each director, officer,
employee, agent and affiliate of an Underwriter and each person, if any, who controls an
Underwriter within the meaning of the Securities Act and the Exchange Act shall have the same
rights to contribution as such Underwriter, and each director of the Company, each officer of the
Company who signed the Registration Statement, and each person, if any, who controls the Company
with the meaning of the Securities Act and the Exchange Act shall have the same rights to
contribution as the Company.
Section 10. Default of One or More of the Several Underwriters. If, on the Closing
Date, any one or more of the several Underwriters shall fail or refuse to purchase Notes that it or
they have agreed to purchase hereunder on such date, and the aggregate principal amount of Notes,
which such defaulting Underwriter or Underwriters agreed but failed or refused to purchase does not
exceed 10% of the aggregate principal amount of the Notes to be purchased on such date, the other
Underwriters shall be obligated, severally, in the proportion to the aggregate principal amounts of
such Notes set forth opposite their respective names on Schedule A bears to the aggregate principal
amount of such Notes set forth opposite the names of all such non-defaulting Underwriters, or in
such other proportions as may be specified by the Representatives with the consent of the
non-defaulting Underwriters, to purchase such Notes which such
25
defaulting Underwriter or Underwriters agreed but failed or refused to purchase on such date.
If, on the Closing Date, any one or more of the Underwriters shall fail or refuse to purchase such
Notes and the aggregate principal amount of such Notes with respect to which such default occurs
exceeds 10% of the aggregate principal amount of Notes to be purchased on such date, and
arrangements satisfactory to the Representatives and the Company for the purchase of such Notes are
not made within 48 hours after such default, this Agreement shall terminate without liability of
any party to any other party except that the provisions of Sections 4, 6, 8, 9 and 17 shall at all
times be effective and shall survive such termination. In any such case, either the
Representatives or the Company shall have the right to postpone the Closing Date, but in no event
for longer than seven days in order that the required changes, if any, to the Registration
Statement, any Issuer Free Writing Prospectus, the Preliminary Prospectus or the Prospectus or any
other documents or arrangements may be effected.
As used in this Agreement, the term “Underwriter” shall be deemed to include any person
substituted for a defaulting Underwriter under this Section 10. Any action taken under this
Section 10 shall not relieve any defaulting Underwriter from liability in respect of any default of
such Underwriter under this Agreement.
Section 11. Termination of this Agreement. Prior to the Closing Date, this
Agreement may be terminated by the Representatives by notice given to the Company if at any time
(i) trading or quotation in any of the Company’s securities shall have been suspended or limited by
the Commission or the New York Stock Exchange, or trading in securities generally on either the
Nasdaq Stock Market or the New York Stock Exchange shall have been suspended or limited, or minimum
or maximum prices shall have been generally established on any of such stock exchanges by the
Commission or the FINRA; (ii) a general banking moratorium shall have been declared by any of
federal or New York authorities; (iii) there shall have occurred any outbreak or escalation of
national or international hostilities or any crisis or calamity involving the United States, or any
change in the United States or international financial markets, or any substantial change or
development involving a prospective substantial change in United States’ or international
political, financial or economic conditions, as in the judgment of the Representatives is material
and adverse and makes it impracticable or inadvisable to proceed with the offering, sale, or
delivery of the Notes in the manner and on the terms described in the Disclosure Package or the
Prospectus or to enforce contracts for the sale of securities; (iv) in the judgment of the
Representatives there shall have occurred any Material Adverse Change; or (v) there shall have
occurred a material disruption in commercial banking or securities settlement or clearance
services. Any termination pursuant to this Section 11 shall be without liability of any party to
any other party except as provided in Sections 4 and 6 hereof, and provided further that Sections
4, 6, 8, 9 and 17 shall survive such termination and remain in full force and effect.
Section 12. No Fiduciary Duty. The Company acknowledges and agrees that: (i) the
purchase and sale of the Notes pursuant to this Agreement, including the determination of the
public offering price of the Notes and any related discounts and commissions, is an arm’s-length
commercial transaction between the Company, on the one hand, and the several Underwriters, on the
other hand, and the Company is capable of evaluating and understanding and understands and accepts
the terms, risks and conditions of the transactions contemplated by this Agreement;
26
(ii) in connection with each transaction contemplated hereby and the process leading to such
transaction each Underwriter is and has been acting solely as a principal and is not the financial
advisor, agent or fiduciary of the Company or its affiliates, stockholders, creditors or employees
or any other party; (iii) no Underwriter has assumed or will assume an advisory, agency or
fiduciary responsibility in favor of the Company with respect to any of the transactions
contemplated hereby or the process leading thereto (irrespective of whether such Underwriter has
advised or is currently advising the Company on other matters) and no Underwriter has any
obligation to the Company with respect to the offering contemplated hereby except the obligations
expressly set forth in this Agreement; (iv) the several Underwriters and their respective
affiliates may be engaged in a broad range of transactions that involve interests that differ from
those of the Company and that the several Underwriters have no obligation to disclose any of such
interests by virtue of any advisory, agency or fiduciary relationship; (v) the Underwriters have
not provided any legal, accounting, regulatory or tax advice with respect to the offering
contemplated hereby and the Company has consulted its own legal, accounting, regulatory and tax
advisors to the extent it deemed appropriate; and (vi) any review by the Underwriters of the
Company, the transactions contemplated hereby or other matters relating to such transactions will
be performed solely for the benefit of the Underwriters and shall not be on behalf of the Company.
This Agreement supersedes all prior agreements and understandings (whether written or oral)
between the Company and the several Underwriters with respect to the subject matter hereof. The
Company hereby waives and releases, to the fullest extent permitted by law, any claims that the
Company may have against the several Underwriters with respect to any breach or alleged breach of
agency or fiduciary duty.
Section 13. Representations and Indemnities to Survive Delivery. The respective
indemnities, agreements, representations, warranties and other statements of the Company, of its
officers and of the several Underwriters set forth in or made pursuant to this Agreement (i) will
remain operative and in full force and effect, regardless of any investigation, or statement as to
the results thereof, made by or on behalf of any Underwriter, the officers or employees of any
Underwriter, any person controlling the Underwriter, the Company, the officers or employees of the
Company, or any person controlling the Company, as the case may be and (ii) will survive delivery
of and payment for the Notes sold hereunder and any termination of this Agreement.
Section 14. Notices. All communications hereunder shall be in writing and shall be
mailed, hand delivered or telecopied and confirmed to the parties hereto as follows:
If to the Representatives:
Barclays Capital Inc.
000 Xxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Syndicate Registration
000 Xxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Syndicate Registration
27
Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx
Incorporated
Incorporated
One Bryant Park
New York, NY 10036
Facsimile: (000) 000-0000
Attention: High Grade Debt Capital Markets Transaction Management/Legal
New York, NY 10036
Facsimile: (000) 000-0000
Attention: High Grade Debt Capital Markets Transaction Management/Legal
and
X. X. Xxxxxx Securities LLC
000 Xxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: High Grade Syndicate Desk 3rd Floor
000 Xxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: High Grade Syndicate Desk 3rd Floor
with a copy to:
Shearman & Sterling LLP
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxxxx X. Xxxxxxxxx
Shearman & Sterling LLP
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxxxx X. Xxxxxxxxx
If to the Company:
Thermo Xxxxxx Scientific Inc.
00 Xxxxx Xxxxxx
Xxxxxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxx X. Xxxxxxxxx
00 Xxxxx Xxxxxx
Xxxxxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxx X. Xxxxxxxxx
with a copy to:
Xxxxxx Xxxxxx Xxxxxxxxx Xxxx and Xxxx LLP
00 Xxxxx Xxxxxx
Xxxxxx, XX 00000
Facsimile: 617-526-6000
Attention: Xxx X. Xxxxxxxxx
00 Xxxxx Xxxxxx
Xxxxxx, XX 00000
Facsimile: 617-526-6000
Attention: Xxx X. Xxxxxxxxx
Any party hereto may change the address for receipt of communications by giving written notice
to the others.
Section 15. Successors. This Agreement will inure to the benefit of and be binding
upon the parties hereto, including any substitute Underwriters pursuant to Section 10 hereof, and
to the benefit of the directors, officers, employees, agents and controlling persons referred to in
Sections 8 and 9, and in each case their respective successors, and no other person will have any
28
right or obligation hereunder. The term “successors” shall not include any purchaser of the
Notes as such from any of the Underwriters merely by reason of such purchase.
Section 16. Partial Unenforceability. The invalidity or unenforceability of any
Section, paragraph or provision of this Agreement shall not affect the validity or enforceability
of any other Section, paragraph or provision hereof. If any Section, paragraph or provision of
this Agreement is for any reason determined to be invalid or unenforceable, there shall be deemed
to be made such minor changes (and only such minor changes) as are necessary to make it valid and
enforceable.
Section 17. Governing Law Provisions. THIS AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK APPLICABLE
TO AGREEMENTS MADE AND TO BE PERFORMED IN THAT STATE.
Section 18. General Provisions. This Agreement may be executed in two or more
counterparts, each one of which shall be an original, with the same effect as if the signatures
thereto and hereto were upon the same instrument. This Agreement may not be amended or modified
unless in writing by all of the parties hereto, and no condition herein (express or implied) may be
waived unless waived in writing by each party whom the condition is meant to benefit. The Section
headings herein are for the convenience of the parties only and shall not affect the construction
or interpretation of this Agreement.
Each of the parties hereto acknowledges that it is a sophisticated business person who was
adequately represented by counsel during negotiations regarding the provisions hereof, including,
without limitation, the indemnification provisions of Section 8 and the contribution provisions of
Section 9, and is fully informed regarding said provisions. Each of the parties hereto further
acknowledges that the provisions of Sections 8 and 9 hereto fairly allocate the risks in light of
the ability of the parties to investigate the Company, its affairs and its business in order to
assure that adequate disclosure has been made in the Registration Statement, the Disclosure Package
and the Prospectus (and any amendments and supplements thereto), as required by the Securities Act
and the Exchange Act.
29
If the foregoing is in accordance with your understanding of our agreement, kindly sign and
return to the Company the enclosed copies hereof, whereupon this instrument, along with all
counterparts hereof, shall become a binding agreement in accordance with its terms.
Very truly yours, THERMO XXXXXX SCIENTIFIC INC. |
||||
By: | /s/ Xxxx X. Xxxxxxxxx | |||
Name: | Xxxx X. Xxxxxxxxx | |||
Title: | Senior Vice President, General Counsel and Secretary |
|||
Signature Page to Underwriting Agreement
The foregoing Underwriting Agreement is hereby confirmed and accepted by the
Representatives as of the date first above written.
BARCLAYS CAPITAL INC.
XXXXXXX XXXXX, XXXXXX, XXXXXX & XXXXX
INCORPORATED
X.X. XXXXXX SECURITIES LLC
Acting as Representatives of the
several Underwriters named in
the attached Schedule A.
XXXXXXX XXXXX, XXXXXX, XXXXXX & XXXXX
INCORPORATED
X.X. XXXXXX SECURITIES LLC
Acting as Representatives of the
several Underwriters named in
the attached Schedule A.
By: Barclays Capital Inc.
By: | /s/ Xxxxx X. Xxxxxx | |||
Name: | Xxxxx X. Xxxxxx | |||
Title: | Managing Director |
By: Xxxxxxx Xxxxx, Xxxxxx, Xxxxxx & Xxxxx
Incorporated
Incorporated
By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | Managing Director |
By: X.X. Xxxxxx Securities LLC
By: | /s/ Xxxxxx Xxxxxxxxx | |||
Name: | Xxxxxx Xxxxxxxxx | |||
Title: | Vice President | |||
Signature Page to Underwriting Agreement
SCHEDULE A
Aggregate | Aggregate | |||||||
Principal | Principal | |||||||
Amount of | Amount of | |||||||
2016 Notes to | 2021 Notes to | |||||||
Underwriters | be Purchased | be Purchased | ||||||
Barclays Capital Inc. |
$ | 400,000,000 | $ | 440,000,000 | ||||
Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx
Incorporated |
162,500,000 | 178,750,000 | ||||||
X.X. Xxxxxx Securities LLC |
102,500,000 | 112,750,000 | ||||||
Deutsche Bank Securities Inc. |
77,500,000 | 85,250,000 | ||||||
RBS Securities Inc. |
77,500,000 | 85,250,000 | ||||||
Xxxxxxx, Xxxxx & Co. |
45,000,000 | 49,500,000 | ||||||
BNP Paribas Securities Corp. |
45,000,000 | 49,500,000 | ||||||
HSBC Securities (USA) Inc. |
45,000,000 | 49,500,000 | ||||||
Mitsubishi UFJ Securities (USA), Inc. |
45,000,000 | 49,500,000 | ||||||
Total |
$ | 1,000,000,000 | $ | 1,100,000,000 |
Sch-1
ANNEX I
Issuer Free Writing Prospectuses
Final Term Sheet dated August 9, 2011
Annex-1
ANNEX II
Company Additional Written Communication
Electronic (Netroadshow) road show of the Company relating to the offering of the Notes dated
August 9, 2011
Annex-2