GENERAL CABLE CORPORATION
7.125% Senior Fixed Rate Notes due 2017
Senior Floating Rate Notes due 2015
Goldman, Sachs & Co.,
As representative of the several Purchasers named in
Schedule I hereto,
85 Broad Street,
New York, New York 10004
General Cable Corporation, a Delaware
corporation (the “ Company ”), proposes, subject
to the terms and conditions stated herein, to issue and sell to the
Purchasers named in Schedule I hereto (the “
Purchasers ”) $200,000,000 in aggregate principal
amount of 7.125% Senior Fixed Rate Notes due 2017 (the “
Fixed Rate Notes ”) and $125,000,000 in aggregate
principal amount of Senior Floating Rate Notes due 2015 (the
“ Floating Rate Notes ”, together with the Fixed
Rate Notes, the “ Securities ”). The Securities
are to be issued pursuant to an indenture to be dated as of March
21, 2007 among the Company, the Guarantors (as defined below) and
U.S. Bank National Association, as trustee (the “
Trustee ”) (the “ Indenture ”). The
Securities will be irrevocably and unconditionally guaranteed (the
“ Guarantees ”) as to payment of principal,
premium, if any, interest and Special Interest (as defined in the
Indenture), if any, on an unsecured and unsubordinated basis,
jointly and severally by each of the Guarantors set forth on the
signature pages hereof (each a “ Guarantor ,”
and collectively, the “ Guarantors
”).
In connection with the offering of
the Securities, the Company commenced a tender offer and a related
consent solicitation (together, the “ Tender Offer
”) to purchase any and all of its outstanding 9.5% Senior
Notes due 2010 (the “ Existing Senior Notes ”),
of which $285.0 million in aggregate principal amount is
outstanding, and to obtain the requisite consents of holders of the
Existing Senior Notes to proposed amendments to the indenture (the
“ Proposed Amendments ”) governing such Existing
Senior Notes (the “ Requisite Consents
”).
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1.
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The
Company and the Guarantors, jointly and severally, represent and
warrant to, and agree with, each of the Purchasers that:
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(a)
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A
preliminary offering circular, dated March 7, 2007 (the
“ Preliminary Offering Circular ”) and an
offering circular, dated March 15, 2007 (the “
Offering Circular ,” have been prepared in connection
with the offering of the Securities. The Preliminary Offering
Circular, as amended and supplemented immediately prior to the
Applicable Time (as defined in Section 1(b)), is hereinafter
referred to the “ Pricing Circular .” Any
reference to the Preliminary Offering Circular, the
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Pricing Circular or the Offering
Circular shall be deemed to refer to and include the
Company’s most recent Annual Report on Form 10-K and all
subsequent documents filed with the United States Securities and
Exchange Commission (the “ Commission ”) under
Section 13(a), 13(c) or 15(d) of the United States Securities
Exchange Act of 1934, as amended (the “ Exchange Act
”) on or prior to the date of such circular and any reference
to the Preliminary Offering Circular or the Offering Circular, as
the case may be, as amended or supplemented, as of any specified
date, shall be deemed to include (i) any documents filed with
the Commission pursuant to Section 13(a), 13(c) or 15(d) of
the Exchange Act after the date of the Preliminary Offering
Circular or the Offering Circular, as the case may be, and prior to
such specified date and (ii) any Additional Issuer Information
(as defined in Section 5(f)) furnished by the Company prior to
the completion of the distribution of the Securities; and all
documents filed under the Exchange Act and so deemed to be included
in the Preliminary Offering Circular, the Pricing Circular or the
Offering Circular, as the case may be, or any amendment or
supplement thereto. Such documents are hereinafter called the
“ Exchange Act Reports .” The Exchange Act
Reports, when they were or are filed with the Commission, conformed
or will conform in all material respects to the applicable
requirements of the Exchange Act and the applicable rules and
regulations of the Commission thereunder; and no such documents
were filed with the Commission since the Commission’s close
of business on the business day immediately prior to the date of
this Agreement and prior to the execution of this Agreement, except
as set forth on Schedule II(a) hereof. The Preliminary
Offering Circular or the Offering Circular and any amendments or
supplements thereto and the Exchange Act Reports did not and will
not, as of their respective dates, contain 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; provided ,
however , that this representation and warranty shall not
apply to any statements or omissions made in reliance upon and in
conformity with information furnished in writing to the Company by
a Purchaser through Goldman, Sachs & Co. expressly for use
therein;
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(b)
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For
the purposes of this Agreement, the “ Applicable Time
” is 5:30p.m. (Eastern time) on the date of this Agreement;
the Pricing Circular as supplemented by the information set forth
in Schedule III hereto, taken together (collectively, the
“ Pricing Disclosure Package ”) as of the
Applicable Time, did not include 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; and each Company Supplemental
Disclosure Document (as defined in Section 6(a)(i)) listed on
Schedule II(b) hereto does not conflict with the information
contained in the Pricing Circular or the Offering Circular and each
such Company Supplemental Disclosure Document, as supplemented by
and taken together with the Pricing Disclosure Package as of the
Applicable Time, did not include 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; provided ,
however , that this representation and warranty shall not
apply to statements or omissions made in a Company Supplemental
Disclosure Document (as defined in Section 6(a)(i)) in
reliance upon and in conformity with information furnished in
writing to the Company by a Purchaser through Goldman, Sachs &
Co. expressly for use therein;
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(c)
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Neither the Company nor any of its
Subsidiaries has sustained since December 31, 2006 any loss or
interference with its business from fire, explosion, flood or other
casualty, whether or not covered by insurance, or from any labor
dispute or court or governmental action, order or decree, otherwise
than as set forth or contemplated in the Pricing Circular, that
would have a Material Adverse Effect (as defined below); and, since
the respective dates as of which information is given in the
Pricing Circular, there has not been any change in the capital
stock or long term debt of the Company or any of its Subsidiaries
or any material adverse change, or any development involving a
prospective material adverse change, in or affecting the general
affairs, management, financial position, stockholders’ equity
or results of operations of the Company and its subsidiaries, taken
as a whole, otherwise than as set forth or contemplated in the
Pricing Circular. As used herein, the term
“Subsidiary,” collectively the
“Subsidiaries,” means “significant
subsidiary” as such term is defined in Rule 1 02 of
Regulation S-X;
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(d)
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The
Company and its Subsidiaries have good and marketable title to all
real property owned by them and good and valid title to all
personal property owned by them, in each case free and clear of all
liens, encumbrances and defects except such as are described in the
Pricing Circular or such as do not materially affect the value of
such property and do not interfere with the use made and proposed
to be made of such property by the Company and its Subsidiaries;
and any real property and buildings held under lease by the Company
and its Subsidiaries are held by them under valid, subsisting and
enforceable leases with such exceptions as are not material and do
not interfere with the use made and proposed to be made of such
property and buildings by the Company and its
Subsidiaries;
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(e)
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The
Company and each of the Guarantors has been duly incorporated or
formed, as the case may be, and is validly existing as a
corporation, limited partnership or limited liability company in
good standing under the laws of its jurisdiction of incorporation
or formation, with corporate, limited partnership or limited
liability company power and authority, as the case may be, to own
its properties and conduct its business as described in the Pricing
Circular, and each has been duly qualified as a foreign corporation
for the transaction of business and is in good standing under the
laws of each other jurisdiction in which it owns or leases
properties or conducts any business so as to require such
qualification, other than where the failure to be so qualified or
to be in good standing would not, individually or in the aggregate,
have a material adverse effect on the current or future financial
position, stockholders’ equity or results of operations of
the Company and its subsidiaries, taken as whole (a “
Material Adverse Effect ”); and each other Subsidiary
of the Company has been duly incorporated or formed and is validly
existing as a corporation, limited partnership or limited liability
company in good standing under the laws of its jurisdiction of
incorporation or formation;
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(f)
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The
Company has an authorized capitalization as set forth in the
Pricing Circular, and all of the issued shares of capital stock of
the Company have been duly and validly authorized and issued and
are fully paid and non-assessable; and all of the issued shares of
capital stock or equity interests of each Subsidiary of the Company
have been duly and validly authorized and issued, are fully paid
and
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non-assessable and are owned
directly or indirectly by the Company, free and clear of all liens,
encumbrances, equities or claims;
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(g)
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This Agreement has been duly
authorized, executed and delivered by the Company and each of the
Guarantors;
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(h)
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The
Securities have been duly authorized and, when duly executed by the
Company pursuant to this Agreement, duly authenticated by the
Trustee in the manner provided in the Indenture (assuming the due
execution, delivery and authorization of the Indenture by the
Trustee), and when duly issued and delivered against payment
therefor in accordance with this Agreement, will have been duly
executed, authenticated, issued and delivered and will constitute
valid and legally binding obligations of the Company entitled to
the benefits provided by the Indenture under which they are to be
issued, which will be substantially in the form previously
delivered to you; the Indenture has been duly authorized and, when
executed and delivered by the Company, the Guarantors and the
Trustee, the Indenture will constitute a valid and legally binding
instrument, enforceable in accordance with its terms, subject, as
to enforcement, bankruptcy, insolvency, reorganization and other
laws of general applicability relating to or affecting
creditors’ rights and to general equity principles; and the
Securities and the Indenture will conform in all material respects
to the descriptions thereof in the Pricing Disclosure Package and
the Offering Circular and will be in substantially the form
previously delivered to you;
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(i)
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The
Guarantees have been duly authorized by each of the Guarantors and,
when duly executed by the Guarantors pursuant to this Agreement,
and when duly issued and delivered against payment therefor in
accordance with this Agreement, will constitute valid and legally
binding obligations of each of the Guarantors, enforceable in
accordance with their respective terms, subject as to enforcement,
to bankruptcy, insolvency, reorganization and other laws of general
applicability relating to or affecting creditors’ rights, and
to general equity principles; and the Guarantees will conform in
all material respects to the descriptions thereof in the Pricing
Disclosure Package and the Offering Circular and will be in
substantially the forms previously delivered to you;
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(j)
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The
Exchange and Registration Rights Agreement to be dated as of the
Time of Delivery (as defined herein) (the “ Registration
Rights Agreement ”) has been duly authorized by the
Company and each of the Guarantors, and as of the Time of Delivery,
will have been duly executed and delivered by the Company and each
of the Guarantors, and will constitute a valid and legally binding
instrument enforceable in accordance with its terms, subject, as to
enforcement, bankruptcy, insolvency, reorganization and other laws
of general applicability relating to or affecting creditors’
rights and to general equity principles; and the Registration
Rights Agreement will conform in all material respects to the
descriptions thereof in the Pricing Disclosure Package and the
Offering Circular; and the Registration Rights Agreement will be in
substantially the form previously delivered to you;
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(k)
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The
7.125% Senior Fixed Rate Notes due 2017 and the Senior Floating
Rate Notes due 2015, to be offered in exchange for the Fixed Rate
Notes and the Floating Rate Notes, respectively, pursuant to the
Registration Rights Agreement (the “ Exchange Fixed Rate
Notes ” and the “ Exchange Floating Rate
Notes ,”
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respectively, and together, the
“ Exchange Notes ”) have been duly authorized by
the Company and, when duly executed by the Company pursuant to the
Registration Rights Agreement, duly authenticated by the Trustee in
the manner provided in the Indenture (assuming the due execution,
delivery and authorization of the Indenture by the Trustee), and
when duly issued and delivered in exchange for the Securities in
accordance with the Registration Rights Agreement, will have been
duly executed, authenticated, issued and delivered and will
constitute valid and legally binding obligations, entitled to the
benefits provided by the Registration Rights Agreement and the
Indenture under which they are to be issued; and the Exchange Notes
will conform in all material respects to the descriptions thereof
in the Pricing Disclosure Package and the Offering
Circular;
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(l)
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The
guarantees of the Exchange Notes by the Guarantors have been duly
authorized by each of the Guarantors and, when duly executed by the
Guarantors pursuant to the Registration Rights Agreement, and when
duly issued and delivered in exchange for the Securities in
accordance with the Registration Rights Agreement, will constitute
valid and legally binding obligations of each of the Guarantors,
enforceable in accordance with their respective terms, subject, as
to enforcement, to bankruptcy, insolvency, reorganization and other
laws of general applicability relating to or affecting
creditors’ rights, and to general equity principles; and the
guarantees of the Exchange Notes will conform in all material
respects to the descriptions thereof in the Pricing Disclosure
Package and the Offering Circular;
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(m)
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None of the transactions
contemplated by this Agreement (including, without limitation, the
use of the proceeds from the sale of the Securities) will violate
or result in a violation of Section 7 of the Exchange Act, or
any regulation promulgated thereunder, including, without
limitation, Regulations T, U, and X of the Board of Governors of
the Federal Reserve System;
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(n)
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Prior to the date hereof, none of
the Company, the Guarantors, or to its or their best knowledge, any
of its or their affiliates have taken any action which is designed
to or which has constituted or which might have been expected to
cause or result in stabilization or manipulation of the price of
any security of the Company in connection with the offering of the
Securities;
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(o)
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Except as disclosed in the Pricing
Circular, the issue and sale of the Securities and the compliance
by each of the Company and the Guarantors with all of the
provisions of the Securities, the Guarantees, the Indenture, the
Registration Rights Agreement and this Agreement and the
consummation of the transactions herein and therein contemplated
(i) will not conflict with or result in a breach or violation
of any of the terms or provisions of, or constitute a default
under, any indenture, mortgage, deed of trust, loan agreement or
other agreement or instrument to which the Company or any of its
Subsidiaries is a party or by which the Company or any of its
Subsidiaries is bound or to which any of the property or assets of
the Company or any of its Subsidiaries is subject, (ii) will
not result in any violation of the provisions of the Amended and
Restated Certificate of Incorporation or Amended and Restated
By-laws of the Company or any of the Company’s Subsidiaries
or (iii) will not violate of any statute or any order, rule or
regulation of any court or governmental agency or body having
jurisdiction over
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the
Company or any of its Subsidiaries or any of their properties,
except in the case of clauses (i) and (iii), as would have a
Material Adverse Effect; and no consent, approval, authorization,
order, registration or qualification of or with any such court or
governmental agency or body is required for the issue and sale of
the Securities or the consummation by the Company or the Guarantors
of the transactions contemplated by this Agreement, the Indenture
or the Registration Rights Agreement, except for the filing of a
registration statement by the Company with the Commission pursuant
to the United States Securities Act of 1933, as amended (the
“ Securities Act ”) pursuant to the Registration
Rights Agreement, qualification of the Indenture by the Trustee
under the United States Trust Indenture Act of 1939, as amended,
pursuant to the Registration Rights Agreement, and such consents,
approvals, authorizations, registrations or qualifications as may
be required under state securities or Blue Sky laws in connection
with the purchase and distribution of the Securities by the
Purchasers;
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(p)
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Neither the Company nor any of its
Subsidiaries is in violation of its Amended and Restated
Certificate of Incorporation or Amended and Restated By-laws or in
default in the performance or observance of any material
obligation, covenant or condition contained in any indenture,
mortgage, deed of trust, loan agreement, lease or other agreement
or instrument to which it is a party or by which it or any of its
properties may be bound;
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(q)
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The
statements set forth in the Pricing Circular and the Offering
Circular under the caption “Description of Notes”,
insofar as they purport to constitute a summary of the terms of the
Securities, under the caption “Certain U.S. Federal Income
Tax Considerations” and under the caption “Plan of
Distribution,” insofar as they purport to describe the
provisions of the U.S. securities laws and the purchase agreement
referred to therein, are accurate, complete and fair;
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(r)
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Other than as set forth in the
Pricing Circular, there are no legal or governmental proceedings
pending to which the Company or any of its subsidiaries is a party
or of which any property of the Company or any of its subsidiaries
is the subject which, if determined adversely to the Company or any
of its subsidiaries, would individually or in the aggregate have a
Material Adverse Effect; and, to the best of the Company’s
knowledge, no such proceedings are threatened or contemplated by
governmental authorities or threatened by others;
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(s)
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The
Company and each of the Company’s Subsidiaries possess
adequate certifications, authorities, registrations, licenses,
approvals or permits (collectively, “ Permits ”)
issued by appropriate governmental agencies or bodies necessary to
conduct the business now operated by them and have not received any
written notice of proceedings relating to the revocation or
modification of any such Permit, other than, in each case, with
respect to such Permits the failure of which to possess would not,
individually or in the aggregate, have a Material Adverse
Effect;
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(t)
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All
tax returns or extensions thereof required to be filed by the
Company and each of the Company’s Subsidiaries have been
filed and all taxes and other assessments of a similar nature
(whether imposed directly or through withholding) including any
interest, additions to tax or penalties applicable
thereto
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due
or claimed to be due from such entities have been paid, other than
those being contested in good faith and for which adequate reserves
have been provided;
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(u)
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No
labor dispute with the employees of the Company or any of its
subsidiaries exists, other than such as would not, individually or
in the aggregate, have a Material Adverse Effect;
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(v)
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Other than such would not,
individually or in the aggregate, have a Material Adverse Effect,
the Company and each of its subsidiaries own, possess or can
acquire on reasonable terms, adequate trademarks, trade names and
other rights to inventions, know-how, patents, copyrights,
confidential information and other intellectual property
(collectively, “ intellectual property rights ”)
necessary to conduct the business now operated by them, or
presently employed by them, and have not received any notice of
infringement of or conflict with asserted rights of others with
respect to any intellectual property rights;
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(w)
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Except as set forth in the Pricing
Circular, or as would not, individually or in the aggregate, have a
Material Adverse Effect, neither the Company nor any of its
subsidiaries (i) is in violation of any statute, any rule,
regulation, decision or order of any governmental agency or body or
any court, domestic or foreign, relating to the use, disposal or
release of hazardous or toxic substances or relating to the
protection or restoration of the environment or human exposure to
hazardous or toxic substances (collectively, the “
environmental laws ”), is liable for any off-site
disposal or contamination pursuant to any environmental laws, or
(ii) is subject to any claim relating to any environmental
laws; and to the best knowledge of the Company, is not aware of any
pending investigation which could reasonably be expected to lead to
such a claim;
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(x)
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When the Securities are issued and
delivered pursuant to this Agreement, the Securities will not be of
the same class (within the meaning of Rule 144A under the
Securities Act) as securities of the Company which are listed on a
national securities exchange registered under Section 6 of the
Exchange Act or quoted in a U.S. automated inter-dealer quotation
system;
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(y)
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The
Company is subject to Section 13 or 15(d) of the Exchange
Act;
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(z)
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Assuming the accuracy of the
representations and warranties and compliance with the covenants
and agreements of the Purchasers set forth in Section 3, no
registration of the Securities under the Securities Act, and no
qualification of an indenture under the United States Trust
Indenture Act of 1939 with respect thereto, is required for the
offer, sale and initial resale of the Securities by the Purchasers
in the manner contemplated by this Agreement;
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(aa)
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Neither the Company nor any of the
Guarantors is, and after giving effect to the offering and sale of
the Securities and the application of the proceeds thereof, none of
them will be an “investment company”, as such term is
defined in the United States Investment Company Act of 1940, as
amended (the “ Investment Company Act
”);
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(bb)
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None of the Company, the Guarantors
or any person acting on its or their behalf has offered or sold the
Securities by means of any general solicitation or general
advertising within the meaning of Rule 502(c) under the Securities
Act or, with respect to Securities sold outside the United States
to non-U.S. persons (as defined in Rule 902 under the Securities
Act), by means of any directed selling efforts within the meaning
of Rule 902 under the Securities Act and the Company, any
affiliate of the Company and any person acting on its or their
behalf has complied with and will implement the “offering
restriction” within the meaning of such Rule 902;
provided that no representation or warranty is made in this
subsection (bb) with respect to the Purchasers;
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(cc)
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Within the preceding six months,
except for the Company’s issuance of $355,000,000 in
aggregate principal amount of 0.875% Senior Convertible Notes due
2013 on November 15, 2006, none of the Company, the Guarantors
nor any other person acting on its or their respective behalf has
offered or sold to any person any Securities, or any securities of
the same or a similar class as the Securities, other than
Securities offered or sold to the Purchasers hereunder. The Company
will take reasonable precautions designed to insure that any offer
or sale, direct or indirect, in the United States or to any U.S.
person (as defined in Rule 902 under the Securities Act) of
any Securities or any substantially similar security issued by the
Company, within six months subsequent to the date on which the
distribution of the Securities has been completed (as notified to
the Company by Goldman, Sachs & Co.), is made under
restrictions and other circumstances reasonably designed not to
affect the status of the offer and sale of the Securities in the
United States and to U.S. persons contemplated by this Agreement as
transactions exempt from the registration provisions of the
Securities Act;
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(dd)
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Neither the Company, nor any of the
Company’s subsidiaries, nor to the best knowledge of the
Company, any director, officer, agent, employee, affiliate or other
person acting on behalf of the Company or any of the
Company’s subsidiaries, has taken any action that would
constitute a violation by such persons of the Foreign Corrupt
Practices Act of 1977, as amended, and the rules and regulations
thereunder (the “ FCPA ”), including, without
limitation, making use of the mails or any means or instrumentality
of interstate commerce corruptly in furtherance of an offer,
payment, promise to pay or authorization of the payment of any
money, or other property, gift, promise to give, or authorization
of the giving of anything of value to any “foreign
official” (as such term is defined in the FCPA) or any
foreign political party or official thereof or any candidate for
foreign political office, in contravention of the FCPA, and the
Company and, to their knowledge, their affiliates have conducted
their businesses in compliance with the FCPA and have instituted
and maintain policies and procedures designed to ensure, and which
are reasonably expected to continue to ensure, continued compliance
therewith;
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(ee)
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Neither the Company, nor any of the
Company’s subsidiaries, nor to the best knowledge of the
Company, any director, officer, agent, employee, affiliate or
person acting on behalf of the Company or any of the
Company’s 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
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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;
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(ff)
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The
Company and each of the Guarantors maintain a system of internal
control over financial reporting (as such term is defined in
Rule 13a-15(f) of the Exchange Act) that complies with the
requirements of the Exchange Act and has been designed by the
Company’s principal executive officer and principal financial
officer, or under their supervision , to provide reasonable
assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in
accordance with generally accepted accounting principles. Except as
set forth in the Pricing Circular, each of the Company’s and
the Guarantors’ internal controls over financial reporting is
effective and neither the Company nor any Guarantors are aware of
any material weaknesses in its internal control over financial
reporting;
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(gg)
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Since December 31, 2006, there
has been no change in the Company’s nor any of the
Guarantors’ internal control over financial reporting that
has materially affected, or are reasonably likely to materially
affect, the Company’s or the Guarantors’ internal
control over financial reporting;
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(hh)
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Except as set forth in the Pricing
Circular, the Company and each of the Guarantors maintain
disclosure controls and procedures (as such term is defined in Rule
13a-15(e) of the Exchange Act) that comply with the requirements of
the Exchange Act; such disclosure controls and procedures have been
designed to ensure that material information relating to the
Company and its subsidiaries is made known to the Company’s
principal executive officer and principal financial officer by
others within those entities; and such disclosure controls and
procedures are effective; and
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(ii)
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Deloitte & Touche LLP which has
audited certain financial statements of the Company and its
subsidiaries is an independent registered public accounting firm as
required by the Securities Act and the rules and regulations of the
Commission thereunder.
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2.
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Subject to the terms and conditions
herein set forth, the Company agrees to issue and sell to each of
the Purchasers, and each of the Purchasers agrees, severally and
not jointly, to purchase from the Company, (i) the Fixed Rate
Notes at a purchase price of 98.25% of the principal amount
thereof, the principal amount of Fixed Rate Notes set
forth
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