Purchase Agreement: Second Request Compliance Covenant | Practical Law
A Standard Clause that merging parties may use to ensure each complies with any Request for Additional Information and Documentary Material (a Second Request) in a transaction that is or may be reportable under the Hart-Scott-Rodino Act (HSR Act). This Standard Clause discusses when parties may want to include a Second Request compliance covenant, how the HSR waiting period is impacted by issuance of a Second Request, and how to comply with a Second Request. This Standard Clause has integrated notes with important explanations and drafting tips.