Purchase Agreement: No Secondary Acquisitions Representation | Practical Law
https://content.next.westlaw.com/Document/Ifcae5cd938f411e89bf099c0ee06c731/View/FullText.html?transitionType=Default&contextData=(sc.Default)A Standard Clause used when a buyer wants the target or seller to represent that it does not own a non-controlling voting interest in any entity that requires the buyer to submit an additional Hart-Scott-Rodino (HSR) Act filing for that secondary acquisition. This Standard Clause discusses the definition of a secondary acquisition under Rule 801.4 and when the parties may agree to this representation. It has integrated notes with important explanations and drafting tips.
A Standard Clause used when a buyer wants the target or seller to represent that it does not own a non-controlling voting interest in any entity that requires the buyer to submit an additional Hart-Scott-Rodino (HSR) Act filing for that secondary acquisition. This Standard Clause discusses the definition of a secondary acquisition under Rule 801.4 and when the parties may agree to this representation. It has integrated notes with important explanations and drafting tips.