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Document Preview Underwriting Agreement [Form] |
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Title: |
Underwriting Agreement [Form] |
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Entities: |
Banc of America Securities LLC; ICOS Corp.; Robertson Stephens, Inc.; Merrill Lynch & Co., Inc.; Perkins Coie LLP; Shearman & Sterling |
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Date: |
2001 |
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Size: |
Preview shows 17KB of 120KB total |
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Price: |
$56 |
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ID: |
#304514 |
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ICOS Corporation
(a Delaware corporation)
[_________] Shares of Common Stock
FORM OF
-------
UNDERWRITING AGREEMENT
----------------------
Dated: November ___, 2001
________________________________________________________________________________
________________________________________________________________________________
{PAGE}
Table of Contents
{TABLE}
{CAPTION}
Page
----
{S} {C}
SECTION 1. Representations and Warranties ........................................................ 2
(a) Representations and Warranties by the Company ................................... 2
(i) Compliance with Registration Requirements .............................. 2
(ii) Incorporated Documents ................................................. 3
(iii) Good Standing .......................................................... 3
(iv) Authorization of Agreement ............................................. 4
(v) Authorization and Description of Securities ............................ 4
(vi) Capitalization of Company .............................................. 4
(vii) Capitalization of Subsidiaries and Ownership Interests in JV Partners .. 4
(viii) Absence of Defaults and Conflicts ...................................... 4
(ix) Absence of Further Requirements ........................................ 5
(x) Independent Accountants ................................................ 5
(xi) Financial Statements ................................................... 5
(xii) No Material Adverse Change in Business ................................. 6
(xiii) Absence of Proceedings ................................................. 6
(xiv) Possession of Licenses and Permits ..................................... 6
(xv) Investment Company Act ................................................. 7
(xvi) No Manipulation ........................................................ 7
(xvii) Possession of Intellectual Property .................................... 7
(xviii) Title to Property ...................................................... 7
(xix) Absence of Labor Dispute ............................................... 7
(xx) Environmental Laws ..................................................... 8
(xxi) Filing and Payment of Taxes ............................................ 8
(xxii) Insurance Coverage ..................................................... 8
(xxiii) Internal Controls ...................................................... 8
(xxiv) Minutes Books .......................................................... 9
(xxv) Accuracy of Exhibits ................................................... 9
(xxvi) Accuracy of Descriptions of Relationships .............................. 9
(xxvii) Absence of Registration Rights ......................................... 9
(xxviii) Margin Securities ...................................................... 9
(xxix) Absence of Claim to Commission or Fee .................................. 9
(xxx) Forward-Looking Statements ............................................. 10
(xxxi) No Distribution of Materials ........................................... 10
(b) Officer's Certificates .......................................................... 10
SECTION 2. Sale and Delivery to Underwriters; Closing ............................................ 10
(a) Initial Securities .............................................................. 10
{/TABLE}
(i)
{PAGE}
{TABLE}
{S} {C}
(b) Option Securities .................................................. 10
(c) Payment ............................................................ 11
(d) Denominations; Registration ........................................ 11
SECTION 3. Covenants of the Company ................................................. 11
(a) Compliance with Securities Regulations and Commission Requests ..... 11
(b) Filing of Amendments ............................................... 12
(c) Delivery of Registration Statements ................................ 12
(d) Delivery of Prospectuses ........................................... 12
(e) Continued Compliance with Securities Laws .......................... 12
(f) Blue Sky Qualifications ............................................ 13
(g) Rule 158 ........................................................... 13
(h) Use of Proceeds .................................................... 13
(i) Listing ............................................................ 13
(j) Restriction on Sale of Securities .................................. 13
(k) Reporting Requirements ............................................. 14
SECTION 4. Payment of Expenses ...................................................... 14
(b) Termination of Agreement ........................................... 14
SECTION 5. Conditions of Underwriters' Obligations .................................. 15
(a) Effectiveness of Registration Statement ............................ 15
(b) Opinion of Counsel for Company ..................................... 15
(c) Opinion of Counsel for Underwriters ................................ 15
(d) Officers' Certificate .............................................. 15
(e) Accountant's Comfort Letter ........................................ 16
(f) Bring-down Comfort Letter .......................................... 16
(g) Approval of Listing ................................................ 16
(h) Lock-up Agreements ................................................. 16
(i) Conditions to Purchase of Option Securities ........................ 16
(j) Additional Documents ............................................... 17
(k) Termination of Agreement ........................................... 17
SECTION 6. Indemnification .......................................................... 17
(a) Indemnification of Underwriters .................................... 17
(b) Indemnification of Company, Directors and Officers ................. 18
(c) Actions against Parties; Notification .............................. 18
(d) Settlement without Consent if Failure to Reimburse ................. 19
SECTION 7. Contribution ............................................................. 20
{/TABLE}
(ii)
{PAGE}
{TABLE}
{S} {C}
SECTION 8. Representations, Warranties and Agreements to Survive Delivery .... 21
SECTION 9. Termination of Agreement .......................................... 21
(a) Termination; General ........................................ 22
(b) Liabilities ................................................. 22
SECTION 10. Default by One or More of the Underwriters ........................ 22
SECTION 11. Notices ........................................................... 22
SECTION 12. Parties ........................................................... 23
SECTION 13. GOVERNING LAW AND TIME ............................................ 23
SECTION 14. Effect of Headings ................................................ 23
SCHEDULES
Schedule A - List of Underwriters ............................................... Sch A-1
Schedule B - Pricing Information ................................................ Sch B-1
Schedule C - List of Persons subject to Lock-up ................................. Sch C-1
EXHIBITS
Exhibit A - Form of Opinion of Perkins Coie LLP ................................. A-1
Exhibit B - Form of Opinion of Marshall, Gerstein & Borun ....................... B-1
Exhibit C - Form of Lock-up Letter .............................................. C-1
{/TABLE}
(iii)
{PAGE}
ICOS Corporation
(a Delaware corporation)
_______ Shares of Common Stock
(Par Value $.01 Per Share)
UNDERWRITING AGREEMENT
----------------------
November ____, 2001
Credit Suisse First Boston Corporation
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
Banc of America Securities LLC
Robertson Stephens, Inc.
SG Cowen Securities Corporation
as Representatives of the several Underwriters
c/o Credit Suisse First Boston Corporation
Eleven Madison Avenue
New York, New York 10010-3629
c/o Merrill Lynch, Pierce, Fenner & Smith Incorporated
North Tower
World Financial Center
New York, New York 10281-1209
Ladies and Gentlemen:
ICOS Corporation, a Delaware corporation (the "Company"), confirms its
agreement with Credit Suisse First Boston Corporation ("CSFBC"), Merrill Lynch,
Pierce, Fenner & Smith Incorporated ("Merrill Lynch") and each of the other
Underwriters named in Schedule A hereto (collectively, the "Underwriters", which
term shall also include any underwriter substituted as hereinafter provided in
Section 10 hereof), for whom CSFBC, Merrill Lynch, Banc of America Securities
LLC, Robertson Stephens, Inc. and SG Cowen Securities Corporation are acting as
representatives (in such capacity, the "Representatives"), with respect to the
issue and sale by the Company and the purchase by the Underwriters, acting
severally and not jointly, of the respective numbers of shares of Common Stock,
par value $.01 per share, of the Company ("Common Stock") set forth in said
Schedule A, and with respect to the grant by the Company to the Underwriters,
acting severally and not jointly, of the option described in Section 2(b) hereof
to purchase all or any part of [_____] additional shares of Common Stock to
cover over-allotments, if any. The aforesaid [_____] shares of Common Stock (the
"Initial Securities") to be purchased by the Underwriters and all or any part of
the [_____] shares of Common Stock subject to the option described in Section
2(b) hereof (the "Option Securities") are hereinafter called, collectively, the
"Securities".
{PAGE}
The Company has filed with the Securities and Exchange Commission
(the "Commission") a registration statement on Form S-3 (Registration No.
333-63790), including a prospectus, relating to certain of its debt and equity
securities (including the Securities) and the offering thereof from time to time
in accordance with Rule 415 under the Securities Act of 1933, as amended (the
"1933 Act"). Such registration statement has been declared effective by the
Commission. As provided in Section 3(a), a prospectus supplement reflecting the
terms of the offering of the Securities and the other matters set forth therein
has been prepared and will be filed pursuant to Rule 424 under the 1933 Act.
Such prospectus supplement is herein referred to as the "Prospectus Supplement."
The information included in such prospectus supplement that was omitted from
such registration statement at the time it became effective but that is deemed
to be part of such registration statement at the time it became effective
pursuant to paragraph (b) of Rule 430A is herein referred to as the "Rule 430A
Information." Such registration statement, including the exhibits thereto and
the documents incorporated by reference therein, is herein called the
"Registration Statement", and the base prospectus included therein relating to
all offerings of securities under the Registration Statement, as supplemented by
the Prospectus Supplement, is herein called the "Prospectus".
All references in this Agreement to financial statements and
schedules and other information which is "contained," "included" or "stated" in
the Registration Statement, any preliminary prospectus or the Prospectus (or
other references of like import) shall be deemed to mean and include all such
financial statements and schedules and other information which is incorporated
by reference in the Registration Statement, any preliminary prospectus or the
Prospectus, as the case may be; and all references in this Agreement to
amendments or supplements to the Registration Statement, any preliminary
prospectus or the Prospectus shall be deemed to mean and include the filing of
any document under the Securities Exchange Act of 1934 (the "1934 Act") which is
incorporated by reference in the Registration Statement, such preliminary
prospectus or the Prospectus, as the case may be.
SECTION 1. Representations and Warranties.
------------------------------
(a) Representations and Warranties by the Company. The Company
represents and warrants to each Underwriter as of the date hereof, as of the
Closing Time referred to in Section 2(c) hereof, and as of each Date of Delivery
(if any) referred to in Section 2(b) hereof, and agrees with each Underwriter,
as follows:
(i) Compliance with Registration Requirements. A registration
-----------------------------------------
statement on Form S-3 (File No. 333-63790), including all pre-effective
amendments thereto (the "Initial Registration Statement"), in respect of
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