"as such section applies to the Manager"

English translation: Refers to Section 11 of the Act

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:"as such section applies to the Manager"
Selected answer:Refers to Section 11 of the Act

07:15 Aug 1, 2011
    The asker opted for community grading. The question was closed on 2011-08-05 06:54:14 based on peer agreement (or, if there were too few peer comments, asker preference.)


English language (monolingual) [PRO]
Bus/Financial - Investment / Securities / equity distribution agreement
English term or phrase: "as such section applies to the Manager"
"Registration Statement," means the registration statement, as amended at the time of such registration statement's effectiveness for purposes of Section 11 of the Act (the "Effective Time"), @@@as such section applies to the Manager,@@@ including (i) all documents filed as a part thereof or incorporated or deemed to be incorporated by reference therein, (ii) any information contained or incorporated by reference in a prospectus filed with the Commission pursuant to Rule 424(b) under the Act, to the extent..., and (iii) any registration statement filed to register the offer and sale of Shares pursuant to Rule 462(b) under the Act.

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Does the phrase "as such section applies to the Manager" relate to "the registration statement" or to "as amended..." ?

In either case, I don't understand what the phrase means or why the phrase is inserted there.
I want to know the function of the phrase in this context. What purpose does it serve?
How would the overall meaning be changed but for the phrase?

Thanks in advance.
usami
Local time: 03:07
Refers to Section 11 of the Act
Explanation:
The "section" in your highlighted part refers to Section 11 of the Act, not the registration statement or the amendment.

You could reword it like this to make it clearer, (I've taken out the parenthesis but that's just to make it clearer here; it would need to go in) although literally speaking, it does make sense, as it refers to Section 11 as "the section" which is how it should be done.

"the registration statement, as amended at the time of such registration statement's effectiveness for purposes of Section 11 of the Act, as Section 11 applies to the Manager, including ..."

So the parts of Section 11 that apply to the manager are included in the registration statement, which has been amended for the purposes of the Act.
Selected response from:

Liz Dexter (was Broomfield)
United Kingdom
Grading comment
Thanks.
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
4 +5Refers to Section 11 of the Act
Liz Dexter (was Broomfield)


Discussion entries: 3





  

Answers


15 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +5
"as such section applies to the manager"
Refers to Section 11 of the Act


Explanation:
The "section" in your highlighted part refers to Section 11 of the Act, not the registration statement or the amendment.

You could reword it like this to make it clearer, (I've taken out the parenthesis but that's just to make it clearer here; it would need to go in) although literally speaking, it does make sense, as it refers to Section 11 as "the section" which is how it should be done.

"the registration statement, as amended at the time of such registration statement's effectiveness for purposes of Section 11 of the Act, as Section 11 applies to the Manager, including ..."

So the parts of Section 11 that apply to the manager are included in the registration statement, which has been amended for the purposes of the Act.

Liz Dexter (was Broomfield)
United Kingdom
Native speaker of: English
PRO pts in category: 4
Grading comment
Thanks.

Peer comments on this answer (and responses from the answerer)
agree  3ADE shadab
48 mins
  -> thank you!

agree  B D Finch
1 hr
  -> thank you!

agree  Veronika McLaren
6 hrs
  -> thank you!

agree  Tina Vonhof (X)
8 hrs
  -> Thank you!

agree  VEIKMANE DAIGA
5 days
  -> Thank you!
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