Washington 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. The Washington Underwriting Agreement between Tel axis Communications Corp. and Credit Suisse First Boston Corp. is a legal contract that outlines the terms and conditions regarding the issuance and sale of shares of common stock. This agreement serves as a framework for the collaboration between the two companies to facilitate the offering of Tel axis Communications Corp.'s common stock to investors. The agreement encompasses various vital components, including the responsibilities and obligations of both parties involved. It outlines the details of the underwriting process, where Credit Suisse First Boston Corp. acts as the underwriter, and Tel axis Communications Corp. acts as the issuer of the shares. The underwriter is responsible for managing the distribution and sale of the shares to potential buyers, while the issuer grants the underwriter the exclusive right to purchase the shares for sale. This Washington Underwriting Agreement also lays out the specific terms of the offering, such as the number of shares to be issued, the offering price per share, and any potential underwriting discounts or commissions. It further addresses the potential green shoe option, which allows the underwriter to purchase additional shares from the issuer to cover over-allotments if demand is high. Furthermore, the agreement provides details on the lock-up period, during which Tel axis Communications Corp. may not issue or sell additional shares without the underwriter's consent. This lock-up period is usually implemented to protect the stability of the stock price and prevent any negative impact on the market due to sudden increases in the number of shares available for trading. Regarding the different types of Washington Underwriting Agreements between Tel axis Communications Corp. and Credit Suisse First Boston Corp., they can vary based on the specific terms negotiated between the parties. Some potential variations may include: 1. Firm Commitment Underwriting Agreement: This type of agreement represents a commitment from the underwriter to purchase the entire offering of shares from the issuer, even if there is unsold inventory. 2. The Best Efforts Underwriting Agreement: In this arrangement, the underwriter agrees to use its best efforts to sell the shares on behalf of the issuer but doesn't guarantee the purchase of any unsold shares. 3. All-or-None Underwriting Agreement: This agreement stipulates that the underwriter must successfully sell all the offered shares; otherwise, the entire offering will be canceled. 4. Mini-Maxi Underwriting Agreement: This type of agreement sets a minimum and maximum threshold for the number of shares to be sold. The underwriter must sell at least the minimum number of shares, but can sell up to the maximum if demand allows. In summary, the Washington Underwriting Agreement between Tel axis Communications Corp. and Credit Suisse First Boston Corp. is a comprehensive legal document that governs the issuance and sale of common stock. It outlines the roles and responsibilities of both parties, the terms of the offering, and the potential variations that can exist within this agreement, including firm commitment, the best efforts, all-or-none, and mini-maxi underwriting agreements.

The Washington Underwriting Agreement between Tel axis Communications Corp. and Credit Suisse First Boston Corp. is a legal contract that outlines the terms and conditions regarding the issuance and sale of shares of common stock. This agreement serves as a framework for the collaboration between the two companies to facilitate the offering of Tel axis Communications Corp.'s common stock to investors. The agreement encompasses various vital components, including the responsibilities and obligations of both parties involved. It outlines the details of the underwriting process, where Credit Suisse First Boston Corp. acts as the underwriter, and Tel axis Communications Corp. acts as the issuer of the shares. The underwriter is responsible for managing the distribution and sale of the shares to potential buyers, while the issuer grants the underwriter the exclusive right to purchase the shares for sale. This Washington Underwriting Agreement also lays out the specific terms of the offering, such as the number of shares to be issued, the offering price per share, and any potential underwriting discounts or commissions. It further addresses the potential green shoe option, which allows the underwriter to purchase additional shares from the issuer to cover over-allotments if demand is high. Furthermore, the agreement provides details on the lock-up period, during which Tel axis Communications Corp. may not issue or sell additional shares without the underwriter's consent. This lock-up period is usually implemented to protect the stability of the stock price and prevent any negative impact on the market due to sudden increases in the number of shares available for trading. Regarding the different types of Washington Underwriting Agreements between Tel axis Communications Corp. and Credit Suisse First Boston Corp., they can vary based on the specific terms negotiated between the parties. Some potential variations may include: 1. Firm Commitment Underwriting Agreement: This type of agreement represents a commitment from the underwriter to purchase the entire offering of shares from the issuer, even if there is unsold inventory. 2. The Best Efforts Underwriting Agreement: In this arrangement, the underwriter agrees to use its best efforts to sell the shares on behalf of the issuer but doesn't guarantee the purchase of any unsold shares. 3. All-or-None Underwriting Agreement: This agreement stipulates that the underwriter must successfully sell all the offered shares; otherwise, the entire offering will be canceled. 4. Mini-Maxi Underwriting Agreement: This type of agreement sets a minimum and maximum threshold for the number of shares to be sold. The underwriter must sell at least the minimum number of shares, but can sell up to the maximum if demand allows. In summary, the Washington Underwriting Agreement between Tel axis Communications Corp. and Credit Suisse First Boston Corp. is a comprehensive legal document that governs the issuance and sale of common stock. It outlines the roles and responsibilities of both parties, the terms of the offering, and the potential variations that can exist within this agreement, including firm commitment, the best efforts, all-or-none, and mini-maxi underwriting agreements.