Exhibit 1.1
BECKMAN COULTER, INC.
6.000% Senior Notes due
2015
7.000% Senior Notes due
2019
Underwriting
Agreement
May 18, 2009
J.P. Morgan Securities
Inc.
Citigroup Global Markets Inc.
Morgan Stanley & Co.
Incorporated
As Representatives of the
several Underwriters listed
in Schedule 1 hereto
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c/o
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J.P. Morgan
Securities Inc.
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270 Park
Avenue
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New York, New
York 10017
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c/o
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Citigroup
Global Markets Inc.
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388 Greenwich
Street
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New York, New
York 10013
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c/o
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Morgan Stanley
& Co. Incorporated
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1585
Broadway
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New York, New
York 10036
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Ladies and Gentlemen:
Beckman Coulter, Inc., a Delaware
corporation (the “ Company ”), proposes to issue
and sell to the several Underwriters listed in Schedule 1 hereto
(the “ Underwriters ”), for whom you are acting
as representatives (the “ Representatives ”),
$250,000,000 aggregate principal amount of its 6.000% Senior Notes
due 2015 (the “ 2015 Notes ”) and $250,000,000
aggregate principal amount of its 7.000% Senior Notes due 2019 (the
“ 2019 Notes ” and, together with the 2015
Notes, the “ Securities ”). The Securities will
be issued pursuant to an Indenture dated as of April 25, 2001
(the “ Base Indenture ”) between the Company and
Wells Fargo Bank, N.A., as successor trustee (the “
Trustee ”), together with a supplemental indenture to
be entered into between the Company and the Trustee on the Closing
Date with respect to the Securities (each as defined below) (the
“ Supplemental Indenture ” and together with the
Base Indenture, the “ Indenture ”).
The Company hereby confirms its
agreement with the several Underwriters concerning the purchase and
sale of the Securities, as follows:
1. Registration Statement .
The Company has prepared and filed with the Securities and Exchange
Commission (the “ Commission ”) under the
Securities Act of 1933, as amended, and the rules and regulations
of the Commission thereunder (collectively, the “
Securities Act ”), a registration statement on Form
S-3 (File No. 333-155275), including a prospectus relating to
securities (the “ Shelf Securities ”), including
the Securities, to be issued from time to time by the Company. Such
registration statement, as amended at the date of this Agreement,
including the information, if any, deemed pursuant to Rule 430A,
430B or 430C under the Securities Act to be part of the
registration statement at the time of its effectiveness (“
Rule 430 Information ”), is referred to herein as the
“ Registration Statement ” and the related
prospectus covering the Shelf Securities dated November 12,
2008 in the form first used (or made available upon request of
purchasers pursuant to Rule 173 under the Securities Act) in
connection with the confirmation of sales of the Securities is
referred to herein as the “ Basic Prospectus .”
The Basic Prospectus, as supplemented by the prospectus supplement
specifically relating to the Securities in the form first used (or
made available upon request of purchasers pursuant to Rule 173
under the Securities Act) in connection with confirmation of sales
of the Securities is hereinafter referred to as the “
Prospectus ” and the term “ Preliminary
Prospectus ” means any preliminary form of the
Prospectus. Any reference in this Agreement to the Registration
Statement, any Preliminary Prospectus or the Prospectus shall be
deemed to refer to and include the documents incorporated by
reference therein pursuant to Item 12 of Form S-3 under the
Securities Act, as of the effective date of the Registration
Statement or the date of such Preliminary Prospectus or the
Prospectus, as the case may be, and any reference to “
amend ,” “ amendment ” or “
supplement ” with respect to the Registration
Statement, any Preliminary Prospectus or the Prospectus shall be
deemed to refer to and include any documents filed after such date
under the Securities Exchange Act of 1934, as amended, and the
rules and regulations of the Commission thereunder (collectively,
the “ Exchange Act ”) that are deemed to be
incorporated by reference therein. Capitalized terms used but not
defined herein shall have the meanings given to such terms in the
Registration Statement and the Prospectus.
At or prior to the time when sales
of the Securities were first made (the “ Time of Sale
”), the Company had prepared the following information
(collectively, the “ Time of Sale Information
”): a Preliminary Prospectus dated May 18, 2009, and
each “ free-writing prospectus ” (as defined
pursuant to Rule 405 under the Securities Act) listed on Annex B
hereto as constituting part of the Time of Sale
Information.
2. Purchase of the Securities by
the Underwriters . (a) The Company agrees to issue and
sell the Securities to the several Underwriters as provided in this
Agreement, and each Underwriter, on the basis of the
representations, warranties and agreements set forth herein and
subject to the conditions set forth
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herein, agrees, severally and not jointly, to
purchase from the Company the respective principal amount of
Securities set forth opposite such Underwriter’s name in
Schedule 1 hereto at a price equal to 99.004% of the principal
amount of the 2015 Notes and 98.821% of the principal amount of the
2019 Notes, in each case, plus accrued interest, if any, from
May 21, 2009 to the Closing Date (as defined below). The
Company will not be obligated to deliver any of the Securities
except upon payment for all the Securities to be purchased as
provided herein.
(b) The Company understands that the
Underwriters intend to make a public offering of the Securities as
soon after the effectiveness of this Agreement as in the judgment
of the Representatives is advisable, and initially to offer the
Securities on the terms set forth in the Prospectus. The Company
acknowledges and agrees that the Underwriters may offer and sell
Securities to or through any affiliate of an Underwriter and that
any such affiliate may offer and sell Securities purchased by it to
or through any Underwriter.
(c) Payment for and delivery of the
Securities will be made at the offices of Davis Polk &
Wardwell, 1600 El Camino Real, Menlo Park, California 94025 at
10:00 A.M., New York City time, on May 21, 2009, or at such
other time or place on the same or such other date, not later than
the fifth business day thereafter, as the Representatives and the
Company may agree upon in writing. The time and date of such
payment and delivery is referred to herein as the “
Closing Date .”
(d) Payment for the Securities shall
be made by wire transfer in immediately available funds to the
account(s) specified by the Company to the Representatives against
delivery to the nominee of The Depository Trust Company, for the
account of the Underwriters, of one or more global notes
representing the Securities (collectively, the “ Global
Note ”), with any transfer taxes payable in connection
with the sale of the Securities duly paid by the Company. The
Global Note will be made available for inspection by the
Representatives not later than 1:00 P.M., New York City time, on
the business day prior to the Closing Date.
(e) The Company acknowledges and
agrees that the Underwriters are acting solely in the capacity of
an arm’s length contractual counterparty to the Company with
respect to the offering of Securities contemplated hereby
(including in connection with determining the terms of the
offering) and not as a financial advisor or a fiduciary to, or an
agent of, the Company or any other person with respect to such
offering. Additionally, neither the Representatives nor any other
Underwriter is advising the Company or any other person as to any
legal, tax, investment, accounting or regulatory matters in any
jurisdiction with respect to such offering. The Company shall
consult with its own advisors concerning such matters and shall be
responsible for making its own independent
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investigation and appraisal of the
transactions contemplated hereby, and the Underwriters shall have
no responsibility or liability to the Company with respect thereto.
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.
3. Representations and Warranties
of the Company . The Company represents and warrants to each
Underwriter that:
(a) Preliminary Prospectus .
No order preventing or suspending the use of any Preliminary
Prospectus has been issued by the Commission, and each Preliminary
Prospectus, at the time of filing thereof, complied in all material
respects with the Securities Act and did not contain any untrue
statement of a material fact or omit to state a material fact
required to be stated therein or necessary in order to make the
statements therein, in the light of the circumstances under which
they were made, not misleading; provided that the Company
makes no representation and warranty with respect to any statements
or omissions made in reliance upon and in conformity with
information relating to any Underwriter furnished to the Company in
writing by such Underwriter through the Representatives expressly
for use in any Preliminary Prospectus.
(b) Time of Sale Information
. The Time of Sale Information, at the Time of Sale 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; provided that
the Company makes no representation and warranty with respect to
any statements or omissions made in reliance upon and in conformity
with information relating to any Underwriter furnished to the
Company in writing by such Underwriter through the Representatives
expressly for use in such Time of Sale Information. No statement of
material fact included in the Prospectus has been omitted from the
Time of Sale Information and no statement of material fact included
in the Time of Sale Information that is required to be included in
the Prospectus has been omitted therefrom.
(c) Issuer Free Writing
Prospectus . The Company (including its agents and
representatives, other than the Underwriters in their capacity as
such) has not prepared, made, used, authorized, approved or
referred to and will not prepare, make, use, authorize, approve or
refer to any “ written communication ” (as
defined in Rule 405 under the Securities Act) that constitutes an
offer to sell or solicitation of an offer to buy the Securities
(each such communication by the Company or its agents and
representatives (other than a communication referred to in clauses
(i), (ii) and (iii), below) an “ Issuer Free Writing
Prospectus ”) other than (i) any document not
constituting a prospectus pursuant to Section 2(a)(10)(a)
of
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the Securities Act or Rule 134 under
the Securities Act, (ii) the Preliminary Prospectus,
(iii) the Prospectus, (iv) the documents listed on Annex
B hereto as constituting the Time of Sale Information or
(v) or any electronic road show or any other written
communication, in each case approved in writing in advance by the
Representatives . Each such Issuer Free Writing Prospectus complied
in all material respects with the Securities Act, has been or will
be (within the time period specified in Rule 433) filed in
accordance with the Securities Act (to the extent required thereby)
and, when taken together with the Preliminary Prospectus
accompanying, or delivered prior to delivery of, or filed prior to
the first use of such Issuer Free Writing Prospectus, 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; provided that
the Company makes no representation and warranty with respect to
any statements or omissions made in each such Issuer Free Writing
Prospectus in reliance upon and in conformity with information
relating to any Underwriter furnished to the Company in writing by
such Underwriter through the Representatives expressly for use in
any Issuer Free Writing Prospectus.
(d) Registration Statement and
Prospectus . The Registration Statement is an “
automatic shelf registration statement ” as defined
under Rule 405 of the Securities Act that has been filed with the
Commission not earlier than three years prior to the date hereof;
no notice of objection of the Commission to the use of such
Registration Statement or any post-effective amendment thereto
pursuant to Rule 401(g)(2) under the Securities Act has been
received by the Company. No order suspending the effectiveness of
the Registration Statement has been issued by the Commission and,
to the Company’s knowledge, no proceeding for that purpose or
pursuant to Section 8A of the Securities Act against the
Company or related to the offering has been initiated or threatened
by the Commission; as of the applicable effective date of the
Registration Statement and any amendment thereto, the Registration
Statement complied and will comply in all material respects with
the Securities Act and with the Trust Indenture Act of 1939, as
amended, and the rules and regulations of the Commission thereunder
(collectively, the “ Trust Indenture Act ”), and
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 in order to make the statements therein not
misleading; and as of the date of the Prospectus and any amendment
or supplement thereto and as of the Closing Date, the Prospectus
will not contain any untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary in
order to make the statements therein, in the light of the
circumstances under which they were made, not misleading;
provided that the Company makes no representation and
warranty with respect to (i) that part of the Registration
Statement that constitutes the
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Statement of Eligibility and
Qualification (Form T-1) of the Trustee under the Trust Indenture
Act or (ii) any statements or omissions made in reliance upon
and in conformity with information relating to any Underwriter
furnished to the Company in writing by such Underwriter through the
Representatives expressly for use in the Registration Statement and
the Prospectus and any amendment or supplement thereto.
(e) Incorporated Documents .
The documents incorporated by reference in the Registration
Statement, the Prospectus and the Time of Sale Information, when
filed with the Commission, conformed or will conform, as the case
may be, in all material respects with the requirements of the
Exchange Act and did not and will not contain an untrue statement
of a material fact or omit to state a material fact required to be
stated therein or necessary to make the statements therein, in the
light of the circumstances under which they were made, not
misleading.
(f) Financial Statements .
The consolidated financial statements and the related notes thereto
included or incorporated by reference in the Registration
Statement, the Time of Sale Information and the Prospectus present
fairly the financial position of the Company and its subsidiaries
as of the dates indicated and the results of their operations and
the changes in their cash flows for the periods specified; such
financial statements have been prepared in conformity with
generally accepted accounting principles applied on a consistent
basis throughout the periods covered thereby, and the supporting
schedules included or incorporated by reference in the Registration
Statement present fairly the information required to be stated
therein; the other financial information contained in the
Preliminary Prospectus and the Prospectus under the heading Summary
Financial Data has been derived from the accounting records of the
Company and its subsidiaries (other than the as adjusted
information, which has been computed based on (i) the
accounting records of the Company and (ii) the assumptions
relating to the transactions contemplated in the Preliminary
Prospectus and the Prospectus) and presents fairly the information
shown thereby.
(g) No Material Adverse
Change . Since the date of the most recent consolidated
financial statements of the Company included or incorporated by
reference in the Time of Sale Information, there has not been any
material adverse change, or any development involving a prospective
material adverse change, in the condition, financial or otherwise,
or in the earnings, business, management or operations of the
Company and its subsidiaries taken as a whole.
(h) Organization and Good
Standing . The Company and each of its subsidiaries have been
duly organized and are validly existing and in good standing under
the laws of their respective jurisdictions of organization, are
duly qualified to do business and are in good standing
in
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each jurisdiction in which their
respective ownership or lease of property or the conduct of their
respective businesses as described in the Time of Sale Information,
as applicable, requires such qualification, and have all power and
authority necessary to own or hold their respective properties and
to conduct the businesses in which they are engaged, except where
the failure to be so qualified, in good standing or have such power
or authority would not, individually or in the aggregate, have a
material adverse effect on the condition, financial or otherwise,
or in the earnings, business, management, operations or prospects
of the Company and its subsidiaries taken as a whole (a “
Material Adverse Effect ”).
(i) Due Authorization . The
Company has full right, power and authority to execute and deliver
this Agreement, the Securities and the Indenture (collectively, the
“ Transaction Documents ”) and to perform its
obligations hereunder and thereunder; and all action required to be
taken for the due and proper authorization, execution and delivery
of each of the Transaction Documents and the consummation of the
transactions contemplated thereby has been duly and validly
taken.
(j) The Indenture . On the
Closing Date, the Indenture will have been duly authorized,
executed and delivered by the Company and will be duly qualified
under the Trust Indenture Act and will constitute a valid and
legally binding agreement of the Company enforceable against the
Company in accordance with its terms, except as enforceability may
be limited by applicable bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting the enforcement of
creditors’ rights generally or by equitable principles
relating to enforceability (collectively, the “
Enforceability Exceptions ”).
(k) The Securities . The
Securities have been duly authorized by the Company and, when duly
executed, authenticated, issued and delivered as provided in the
Indenture and paid for as provided herein, will be validly issued
and will constitute valid and legally binding obligations of the
Company enforceable against the Company in accordance with their
terms, subject to the Enforceability Exceptions, and will be
entitled to the benefits of the Indenture.
(l) Underwriting Agreement .
This Agreement has been duly authorized, executed and delivered by
the Company.
(m) Other Agreements . The
Master Purchase Agreement, dated as of February 27, 2009
between the Company and Olympus Corporation has been duly
authorized , executed and delivered by the Company.
(n) Descriptions of the
Transaction Documents . Each Transaction Document conforms in
all material respects to the description thereof contained in the
Registration Statement, the Time of Sale Information and the
Prospectus.
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(o) No Violation or Default .
Neither the Company nor any of its subsidiaries is (i) in
violation of its charter or bylaws or similar organizational
documents; (ii) in default, and no event has occurred that,
with notice or lapse of time or both, would constitute such a
default, of any term in 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; or (iii) in violation of any law or statute or any
judgment, order, rule or regulation of any court or arbitrator or
governmental or regulatory authority, except, in the case of
clauses (ii) and (iii) above, for any such default or
violation that would not, individually or in the aggregate, have a
Material Adverse Effect.
(p) No Conflicts. The
execution, delivery and performance by the Company of each of the
Transaction Documents, the issuance and sale of the Securities and
compliance by the Company with the terms thereof and the
consummation of the transactions contemplated by the Transaction
Documents will not contravene (i) the provisions of the
charter or bylaws of the Company; (ii) the provisions of the
charter or bylaws or similar organizational documents of any of the
Company’s subsidiaries; (iii) any agreement or other
instrument binding upon the Company or any of its subsidiaries; or
(iv) any law or statute or any judgment, order, rule or
regulation of any court or arbitrator or governmental or regulatory
authority having jurisdiction over the Company or any of its
subsidiaries, except, in the case of clauses (ii), (iii) and
(iv) above, for any such conflict, breach, violation or
default that would not, individually or in the aggregate, have a
Material Adverse Effect.
(q) No Consents Required . No
consent, approval, authorization, order, registration or
qualification of or with any court or arbitrator or governmental or
regulatory authority is required for the execution, delivery and
performance by the Company of each of the Transaction Documents,
the issuance and sale of the Securities and compliance by the
Company with the terms thereof and the consummation of the
transactions contemplated by the Transaction Documents, except for
the registration of the Securities under the Securities Act, the
qualification of the Indenture under the Trust Indenture Act and
such consents, approvals, authorizations, orders and registrations
or qualifications as may be required under applicable state
securities laws in connection with the purchase and distribution of
the Securities by the Underwriters.
(r) Legal Proceedings .
Except as described in the Registration Statement, the Time of Sale
Information and the Prospectus, there are no
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legal, governmental or regulatory
investigations, actions, suits or proceedings pending or, to the
knowledge of the Company, threatened, to which the Company or any
of its subsidiaries is or may be a party or to which any property
of the Company or any of its subsidiaries is or may be the subject
that, individually or in the aggregate, if determined adversely to
the Company or any of its subsidiaries, could reasonably be
expected to have a Material Adverse Effect; and (i) there are
no current or pending legal, governmental or regulatory actions,
suits or proceedings that are required under the Securities Act to
be described in the Registration Statement or the Prospectus that
are not so described in the Registration Statement, the Time of
Sale Information and the Prospectus and (ii) there are no
statutes, regulations or contracts or other documents that are
required under the Securities Act to be filed as exhibits to the
Registration Statement or described in the Registration Statement
or the Prospectus that are not so filed as exhibits to the
Registration Statement or described in the Registration Statement,
the Time of Sale Information and the Prospectus.
(s) Independent Registered Public
Accounting Firm . KPMG LLP, who have opined on certain
financial statements of the Company and its subsidiaries, is an
independent registered public accounting firm with respect to the
Company and its subsidiaries within the applicable rules and
regulations adopted by the Commission and the Public Company
Accounting Oversight Board (United States) and as required by the
Securities Act.
(t) Title to Intellectual
Property. (i) The Company and its subsidiaries own or
possess, or can acquire on reasonable terms, adequate rights to use
all material 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) currently employed
by them in the connection with the business now operated by them;
and (ii) the Company and its subsidiaries have not received
any notice of any claim of infringement or conflict with any
asserted rights of others, except, in the case of this clause (ii),
as would not, individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect.
(u) Investment Company Act .
The Company is not and, after giving effect to the offering and
sale of the Securities and the application of the proceeds thereof
as described in the Registration Statement, the Time of Sale
Information and the Prospectus, will not be an “
investment company ” or an entity “
controlled ” by an “ investment company
” within the meaning of the Investment Company Act of 1940,
as amended, and the rules and regulations of the Commission
thereunder (collectively, “ Investment Company Act
”).
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(v) Licenses and Permits .
The Company and its subsidiaries possess all licenses,
certificates, authorizations and permits issued by the appropriate
federal, state, local or foreign governmental or regulatory
authorities that are necessary to conduct their respective
businesses as described in the Registration Statement, the Time of
Sale Information and the Prospectus, including, without limitation,
all necessary U.S. Food and Drug Administration (the “
FDA ”) and applicable foreign governmental and
regulatory agency approvals, and neither the Company nor any of its
subsidiaries has received any notice of proceedings relating to the
revocation or modification of any such license, certificate,
authorization or permit which, singly or in the aggregate, would
reasonably be expected to have a Material Adverse Effect, except as
described in the Registration Statement, the Time of Sale
Information or the Prospectus.
(w) Compliance with Environmental
Laws . (i) The Company and its subsidiaries (x) are
in compliance with any and all applicable federal, state, local and
foreign laws rules, regulations, requirements, decisions and orders
relating to the protection of human health or safety, the
environment, natural resources, hazardous or toxic substances or
wastes, pollutants or contaminants (collectively, “
Environmental Laws ”); (y) have received and are
in compliance with all permits, licenses, certificates or other
authorizations or approvals required of them under applicable
Environmental Laws to conduct their respective businesses; and
(z) have not received written notice of any actual or
potential liability under or relating to any Environmental Laws,
including for the investigation or remediation of any disposal or
release of hazardous or toxic substances or wastes, pollutants or
contaminants and have no knowledge of any event or condition that
would reasonably be expected to result in any such notice and
(ii) there are no costs or liabilities associated with
Environmental Laws of or relating to the Company or its
subsidiaries, except in the case of clauses (i) and
(ii) above, (A) as disclosed in the Registration
Statement or the Preliminary Prospectus, or (B) for any such
failure to comply, or failure to receive required permits, licenses
certificates or other authorizations or approvals, or cost or
liability, as would not, individually or in the aggregate,
reasonably be expected to have a Material Adverse
Effect.
(x) Disclosure Controls . The
Company and its subsidiaries maintain an effective system of
“ disclosure controls and procedures ” (as
defined in Rule 13a-15(e) of the Exchange Act) that is designed to
ensure that information required to be disclosed by the Company in
reports that it files or submits under the Exchange Act is
recorded, processed, summarized and reported within the time
periods specified in the Commission’s rules and forms,
including controls and procedures designed to ensure that such
information is accumulated and communicated to the Company’s
management as appropriate to allow timely decisions regarding
required disclosure. The Company and its
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subsidiaries have carried out
evaluations of the effectiveness of their disclosure controls and
procedures as required by Rule 13a-15 of the Exchange
Act.
(y) Accounting Controls. The
Company and its subsidiaries maintain systems of “
internal control over financial reporting ” (as
defined in Rule 13a-15(f) of the Exchange Act) sufficient to
provide reasonable assurance that (i) transactions are
executed in accordance with management’s general or specific
authorizations; (ii) transactions are recorded as necessary to
permit preparation of financial statements in conformity with
generally accepted accounting principles; (iii) access to
assets is permitted only in accordance with management’s
general or specific authorization; and (iv) the recorded
accountability for assets is compared with the existing assets at
reasonable intervals and appropriate action is taken with respect
to any differences.
(z) No Unlawful 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, other than as disclosed in the
Company’s reports filed with the SEC pursuant to the Exchange
Act, (i) used any corporate funds for any unlawful
contribution, gift, entertainment or other unlawful expense
relating to political activity, (ii) made any direct or
indirect unlawful payment to any foreign or domestic government
official or employee from corporate funds, (iii) violated or
is in violation of any provision of the Foreign Corrupt Practices
Act of 1977, or (iv) made any bribe, rebate, payoff, influence
payment, kickback or other unlawful payment.
(aa) Status under the Securities
Act . The Company is not an ineligible issuer and is a
well-known seasoned issuer, in each case as defined in Rule 405
under the Securities Act, in each case at the times specified in
the Securities Act in connection with the offering of the
Securities. The Company has paid the registration fee for this
offering pursuant to Rule 456(b)(1)(i) under the Securities Act or
will pay such fees within the time period required by such rule
(without giving effect to the proviso therein) and in any event
prior to the Closing Date.
(bb) Compliance with Money
Laundering Laws . The operations of the Company and its
subsidiaries are and have been conducted at all times in material
compliance 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
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
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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 knowledge of the Company, threatened.
(cc) Compliance with OFAC .
None of the Company, any of its subsidiaries or, to the knowledge
of the Company, 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. Department of the Treasury (“ OFAC
”); and the Company will not knowingly directly or indirectly
use the proceeds of the offering of the Securities hereunder, 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.
4. Further Agreements of the
Company . The Company covenants and agrees with each
Underwriter that:
(a) Required Filings . The
Company will file the Prospectus with the Commission within the
time periods specified by Rule 424(b) and Rule 430A, 430B or 430C
under the Securities Act and will file any Issuer Free Writing
Prospectus (including Term Sheets in the forms of Annex C-1 and
Annex C-2 hereto) to the extent required by Rule 433 under the
Securities Act; and the Company will furnish copies of the
Prospectus and each Issuer Free Writing Prospectus (to the extent
not previously delivered) to the Underwriters in New York City
prior to 10:00 A.M., New York City time, on the business day next
succeeding the date of this Agreement in such quantities as the
Representatives may reasonably request. The Company has paid or
will pay the registration fees for this offering within the time
period required by Rule 456(b)(i) under the Securities Act (without
giving effect to the proviso therein) and in any event prior to the
Closing Date.
(b) Delivery of Copies . The
Company will deliver, without charge, to each Underwriter during
the Prospectus Delivery Period (as defined below), as many copies
of the Prospectus (including all amendments and supplements thereto
and documents incorporated by reference therein) and each Issuer
Free Writing Prospectus as the Representatives may reasonably
request. As used herein, the term “ Prospectus Delivery
Period ” means such period of time after the first date
of the public offering of the Securities as in the opinion of
counsel for the Underwriters a prospectus relating to the
Securities is required by law to be delivered (or required to be
delivered but for Rule 172 under the Securities Act) in connection
with sales of the Securities by any Underwriter or
dealer.
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(c) Amendments or Supplements;
Issuer Free Writing Prospectuses . Before making, preparing,
using, authorizing, approving, referring to or filing any Issuer
Free Writing Prospectus, and before filing any amendment or
supplement to the Registration Statement or the Prospectus, in each
case, with respect to the Securities, the Company will furnish to
the Representatives and counsel for the Underwriters a copy of the
proposed Issuer Free Writing Prospectus, amendment or supplement
for review and will not make, prepare, use, authorize, approve,
refer to or file any such Issuer Free Writing Prospectus or file
any such proposed amendment or supplement to which the
Representatives reasonably object in writing.
(d) Notice to the
Representatives . Until the completion of the Prospectus
Delivery Period, the Company will advise the Representatives
promptly, and confirm such advice in writing, (i) when any
amendment to the Registration Statement has been filed or becomes
effective; (ii) when any supplement to the Prospectus or any
amendment to the Prospectus or any Issuer Free Writing Prospectus
has been filed; (iii) of any request by the Commission for any
amendment to the Registration Statement or any amendment or
supplement to the Prospectus or the receipt of any comments from
the Commission relating to the Registration Statement or any other
request by the Commission for any additional information;
(iv) of the issuance by the Commission of any order suspending
the effectiveness of the Registration Statement or preventing or
suspending the use of any Preliminary Prospectus or the Prospectus
or the initiation or threatening of any proceeding for that purpose
or pursuant to Section 8A of the Securities Act; (v) of
the occurrence of any event within the Prospectus Delivery Period
as a result of which the Prospectus, the Time of Sale Information
or any Issuer Free Writing Prospectus as then amended or
supplemented would include any untrue statement of a material fact
or omit to state a material fact required to be stated therein or
necessary in order to make the statements therein, in the light of
the circumstances existing when the Prospectus, the Time of Sale
Information or any such Issuer Free Writing Prospectus is delivered
to