HSR Act Qualification; Initial Stock Purchase Sample Clauses
The "HSR Act Qualification; Initial Stock Purchase" clause defines the requirements and procedures for ensuring that a transaction complies with the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act) before an initial stock purchase can occur. Typically, this clause outlines the parties' obligations to file necessary notifications with the Federal Trade Commission and Department of Justice, and to wait for the expiration or termination of the statutory waiting period before closing the transaction. Its core function is to ensure that the stock purchase does not violate antitrust laws, thereby preventing legal complications or delays related to regulatory approval.
HSR Act Qualification; Initial Stock Purchase. The filings required under the HSR Act in connection with the Stock Purchase Agreement shall have been made and the required waiting period shall have expired or been terminated and the Initial Closing (as defined in the Stock Purchase Agreement) under the Stock Purchase Agreement shall have occurred; and