South Carolina 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. South Carolina Underwriting Agreement Tel axisis Communications Corp. and Credit Suisse First Boston Corp. In the state of South Carolina, Tel axis Communications Corp. has entered into an underwriting agreement with Credit Suisse First Boston Corp., pertaining to the issuance and sale of shares of common stock. This agreement outlines the terms and conditions under which Credit Suisse First Boston Corp. agrees to purchase and resell the shares of Tel axis Communications Corp.'s common stock. The South Carolina Underwriting Agreement between Tel axis Communications Corp. and Credit Suisse First Boston Corp. is a legally binding contract that ensures a successful and well-regulated process of issuing and selling shares in the open market. This agreement acts as a safeguard for both parties, protecting their rights and interests throughout the offering and selling process. Key provisions of this South Carolina Underwriting Agreement include the quantity of shares to be issued, the offering price, the responsibilities and obligations of both Tel axis Communications Corp. and Credit Suisse First Boston Corp., and the compensation to be received by Credit Suisse First Boston Corp. for its underwriting services. This agreement governs the entire underwriting process, from the initial offering of the shares to the public, to the distribution and sale of the shares to investors. It ensures that Tel axis Communications Corp. receives the necessary funds from the offering, while Credit Suisse First Boston Corp. takes on the risk and responsibility of reselling the shares to interested buyers. Different types of South Carolina Underwriting Agreements may exist based on the specific terms and conditions agreed upon by Tel axis Communications Corp. and Credit Suisse First Boston Corp. Some potential variations may include firm commitment agreements, the best efforts agreements, or standby underwriting agreements. 1. Firm Commitment Underwriting Agreement: In this type of agreement, Credit Suisse First Boston Corp. commits to purchasing the entire offering of Tel axis Communications Corp.'s common stock, taking on the risk of any unsold shares. This provides Tel axis Communications Corp. with the assurance of receiving the desired funds from the offering. 2. The Best Efforts Underwriting Agreement: Unlike the firm commitment agreement, in this arrangement, Credit Suisse First Boston Corp. makes its best efforts to sell as many shares as possible, but does not assume the risk of any unsold shares. The amount of funds raised for Tel axis Communications Corp. may be variable in this scenario. 3. Standby Underwriting Agreement: This type of agreement is commonly used in rights offerings, wherein Credit Suisse First Boston Corp. agrees to purchase any remaining shares not subscribed by existing shareholders. This ensures that Tel axis Communications Corp. raises the desired amount of capital even if shareholders do not fully exercise their rights to purchase new shares. In conclusion, the South Carolina Underwriting Agreement between Tel axis Communications Corp. and Credit Suisse First Boston Corp. ensures a well-structured process for the issuance and sale of shares of common stock. It safeguards the interests of both parties involved and may come in different types, depending on the agreed-upon terms and conditions.

South Carolina Underwriting Agreement Tel axisis Communications Corp. and Credit Suisse First Boston Corp. In the state of South Carolina, Tel axis Communications Corp. has entered into an underwriting agreement with Credit Suisse First Boston Corp., pertaining to the issuance and sale of shares of common stock. This agreement outlines the terms and conditions under which Credit Suisse First Boston Corp. agrees to purchase and resell the shares of Tel axis Communications Corp.'s common stock. The South Carolina Underwriting Agreement between Tel axis Communications Corp. and Credit Suisse First Boston Corp. is a legally binding contract that ensures a successful and well-regulated process of issuing and selling shares in the open market. This agreement acts as a safeguard for both parties, protecting their rights and interests throughout the offering and selling process. Key provisions of this South Carolina Underwriting Agreement include the quantity of shares to be issued, the offering price, the responsibilities and obligations of both Tel axis Communications Corp. and Credit Suisse First Boston Corp., and the compensation to be received by Credit Suisse First Boston Corp. for its underwriting services. This agreement governs the entire underwriting process, from the initial offering of the shares to the public, to the distribution and sale of the shares to investors. It ensures that Tel axis Communications Corp. receives the necessary funds from the offering, while Credit Suisse First Boston Corp. takes on the risk and responsibility of reselling the shares to interested buyers. Different types of South Carolina Underwriting Agreements may exist based on the specific terms and conditions agreed upon by Tel axis Communications Corp. and Credit Suisse First Boston Corp. Some potential variations may include firm commitment agreements, the best efforts agreements, or standby underwriting agreements. 1. Firm Commitment Underwriting Agreement: In this type of agreement, Credit Suisse First Boston Corp. commits to purchasing the entire offering of Tel axis Communications Corp.'s common stock, taking on the risk of any unsold shares. This provides Tel axis Communications Corp. with the assurance of receiving the desired funds from the offering. 2. The Best Efforts Underwriting Agreement: Unlike the firm commitment agreement, in this arrangement, Credit Suisse First Boston Corp. makes its best efforts to sell as many shares as possible, but does not assume the risk of any unsold shares. The amount of funds raised for Tel axis Communications Corp. may be variable in this scenario. 3. Standby Underwriting Agreement: This type of agreement is commonly used in rights offerings, wherein Credit Suisse First Boston Corp. agrees to purchase any remaining shares not subscribed by existing shareholders. This ensures that Tel axis Communications Corp. raises the desired amount of capital even if shareholders do not fully exercise their rights to purchase new shares. In conclusion, the South Carolina Underwriting Agreement between Tel axis Communications Corp. and Credit Suisse First Boston Corp. ensures a well-structured process for the issuance and sale of shares of common stock. It safeguards the interests of both parties involved and may come in different types, depending on the agreed-upon terms and conditions.