Common use of Availability of Rule 144 Clause in Contracts

Availability of Rule 144. Founder shall not be obligated to register, pursuant to Section 16.1 or Section 16.2, shares of Registerable Securities held by any Participating Stockholder at any time when the resale provisions of Rule 144 (or any similar or successor provision) promulgated under the 1933 Act permit resales by such Participating Stockholder without regard to manner of sale or volume limitations.

Appears in 4 contracts

Samples: Combination Agreement (Taylor & Martin Group Inc), Combination Agreement (Taylor & Martin Group Inc), Combination Agreement (Taylor & Martin Group Inc)

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Availability of Rule 144. Founder Parent shall not be obligated to register, pursuant to Section 16.1 14.1 or Section 16.214.2, shares of Registerable Securities held by any Participating Founding Stockholder at any time when the resale provisions of Rule 144 (or any similar or successor provision) promulgated under the 1933 Act permit resales by such Participating Founding Stockholder without regard to manner of sale or volume limitations.

Appears in 1 contract

Samples: Agreement of Merger (Taylor & Martin Group Inc)

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