Rule 144 Coordination Clause Samples

The "Rule 144; Coordination" clause defines how the parties will comply with and coordinate actions under Rule 144 of the Securities Act, which governs the resale of restricted and control securities. In practice, this clause typically outlines the procedures for providing necessary documentation, notifications, or legal opinions to facilitate lawful resales, and may specify the responsibilities of each party in ensuring compliance. Its core function is to streamline the process of selling restricted securities by clarifying obligations and reducing the risk of regulatory violations.