Common use of Reasonable Investigation Clause in Contracts

Reasonable Investigation. The Parent shall follow procedures customarily observed by issuers in Public Offerings, and accord to the holders of Registrable Securities and the managing underwriters with respect to such offering, as the case may be, all rights customarily accorded to selling stockholders in secondary distributions and to managing underwriters if the transaction in question is or was an underwritten Public Offering, in each such case, as shall be reasonably necessary, in the opinion of such holder or such underwriter, to enable it to conduct a “reasonable investigation” within the meaning of Section 11(b)(3) of the Securities Act and to satisfy the requirement of reasonable care imposed by Section 12(a)(2) of the Securities Act.

Appears in 1 contract

Sources: Registration Rights Agreement (Directed Electronics, Inc.)

Reasonable Investigation. The Parent shall follow procedures -------------------------- customarily observed by issuers in Public Offerings, and accord to the holders of Registrable Securities Investors and the managing underwriters with respect to such offering, as the case may be, all rights customarily accorded to selling stockholders in secondary distributions and to managing underwriters if the transaction in question is or was an underwritten Public Offering, in each such case, as shall be reasonably necessary, in the opinion of such holder the Investors or such underwriter, to enable it to conduct a "reasonable investigation" within the meaning of Section 11(b)(3) of the Securities Act and to satisfy the requirement of reasonable care imposed by Section 12(a)(2) of the Securities Act.

Appears in 1 contract

Sources: Registration Rights Agreement (Coliseum Capital Management, LLC)