Guam Underwriting Agreement between Telaxis Communications Corp. and Credit Suisse First Boston Corp. regarding issuance and sale of shares of common stock

• Category: Corporations - Public - Agreements - Underwriting
• State: Multi-State
• Control #: US-EG-9397
• Format: Word; Rich Text

Description

Underwriting Agreement between Telaxis Communications Corporation and Credit Suisse First Boston Corporation regarding the issuance and sale of shares of common stock dated 00/00. 25 pages. Title: Understanding the Guam Underwriting Agreement: Tel axis Communications Corp. and Credit Suisse First Boston Corp. Keywords: Guam Underwriting Agreement, Tel axis Communications Corp., Credit Suisse First Boston Corp., issuance and sale of shares of common stock Introduction: The Guam Underwriting Agreement plays a vital role in ensuring a smooth and transparent process for the issuance and sale of shares of common stock. This detailed description aims to shed light on the specific agreement between Tel axis Communications Corp. and Credit Suisse First Boston Corp., outlining its significance, terms, and provisions. Overview of the Underwriting Agreement: The Guam Underwriting Agreement establishes a contractual relationship between Tel axis Communications Corp. and Credit Suisse First Boston Corp., where Credit Suisse acts as the underwriter for the issuance and sale of Tel axis' common stock. In this agreement, both parties define their responsibilities, obligations, and the terms under which the offering of shares will take place. Terms and Provisions: 1. Offering Terms: — The agreement specifies the number of shares to be issued and sold by Tel axis Communications Corp., along with the offering price, and any applicable discounts or concessions. — It outlines the underwriting fee, which represents the compensation given to Credit Suisse First Boston Corp. for its services. 2. Representations and Warranties: Tel axisis Communications Corp. provides various representations and warranties to the underwriter, assuring the accuracy of information and disclosures made in connection with the offering. — These representations and warranties cover aspects such as financial statements, business operations, legal compliance, and regulatory requirements. 3. Closing Conditions: — The Guam Underwriting Agreement includes conditions that must be met before the closing of the offering. This may involve obtaining necessary approvals from relevant regulatory authorities, completion of due diligence, or other specific requirements agreed upon. 4. Underwriter's Responsibilities: — Credit Suisse First Boston Corp., as the underwriter, agrees to purchase and subsequently sell the shares of common stock. This includes promoting the offering, setting the public offering price, and managing the distribution process. — The underwriter assumes the risk associated with generating demand and finding buyers for the shares. — The agreement may mention the underwriter's overall commitment or arrangement for purchasing the shares, whether on a firm commitment or best-efforts basis. Additional Types of Guam Underwriting Agreements: 1. Firm Commitment Agreement: Tel axisis Communications Corp. and Credit Suisse First Boston Corp. may choose a Firm Commitment Agreement, where the underwriter assures the purchase of the entire issue of shares, regardless of the sales outcome. This creates more certainty for the issuer. 2. Best-Efforts Agreement: — Alternatively, a Best-Efforts Agreement may be utilized, where the underwriter makes its best efforts to sell the shares but is not obligated to purchase any unsold shares. This places more risk on the issuer rather than the underwriter. Conclusion: The Guam Underwriting Agreement between Tel axis Communications Corp. and Credit Suisse First Boston Corp. offers a framework for the issuance and sale of shares of common stock, ensuring a fair and efficient process. By understanding the terms and provisions of this agreement, both parties can engage in a successful stock offering while complying with regulatory requirements.

Title: Understanding the Guam Underwriting Agreement: Tel axis Communications Corp. and Credit Suisse First Boston Corp. Keywords: Guam Underwriting Agreement, Tel axis Communications Corp., Credit Suisse First Boston Corp., issuance and sale of shares of common stock Introduction: The Guam Underwriting Agreement plays a vital role in ensuring a smooth and transparent process for the issuance and sale of shares of common stock. This detailed description aims to shed light on the specific agreement between Tel axis Communications Corp. and Credit Suisse First Boston Corp., outlining its significance, terms, and provisions. Overview of the Underwriting Agreement: The Guam Underwriting Agreement establishes a contractual relationship between Tel axis Communications Corp. and Credit Suisse First Boston Corp., where Credit Suisse acts as the underwriter for the issuance and sale of Tel axis' common stock. In this agreement, both parties define their responsibilities, obligations, and the terms under which the offering of shares will take place. Terms and Provisions: 1. Offering Terms: — The agreement specifies the number of shares to be issued and sold by Tel axis Communications Corp., along with the offering price, and any applicable discounts or concessions. — It outlines the underwriting fee, which represents the compensation given to Credit Suisse First Boston Corp. for its services. 2. Representations and Warranties: Tel axisis Communications Corp. provides various representations and warranties to the underwriter, assuring the accuracy of information and disclosures made in connection with the offering. — These representations and warranties cover aspects such as financial statements, business operations, legal compliance, and regulatory requirements. 3. Closing Conditions: — The Guam Underwriting Agreement includes conditions that must be met before the closing of the offering. This may involve obtaining necessary approvals from relevant regulatory authorities, completion of due diligence, or other specific requirements agreed upon. 4. Underwriter's Responsibilities: — Credit Suisse First Boston Corp., as the underwriter, agrees to purchase and subsequently sell the shares of common stock. This includes promoting the offering, setting the public offering price, and managing the distribution process. — The underwriter assumes the risk associated with generating demand and finding buyers for the shares. — The agreement may mention the underwriter's overall commitment or arrangement for purchasing the shares, whether on a firm commitment or best-efforts basis. Additional Types of Guam Underwriting Agreements: 1. Firm Commitment Agreement: Tel axisis Communications Corp. and Credit Suisse First Boston Corp. may choose a Firm Commitment Agreement, where the underwriter assures the purchase of the entire issue of shares, regardless of the sales outcome. This creates more certainty for the issuer. 2. Best-Efforts Agreement: — Alternatively, a Best-Efforts Agreement may be utilized, where the underwriter makes its best efforts to sell the shares but is not obligated to purchase any unsold shares. This places more risk on the issuer rather than the underwriter. Conclusion: The Guam Underwriting Agreement between Tel axis Communications Corp. and Credit Suisse First Boston Corp. offers a framework for the issuance and sale of shares of common stock, ensuring a fair and efficient process. By understanding the terms and provisions of this agreement, both parties can engage in a successful stock offering while complying with regulatory requirements.