Cross-Receipt: Rule 144A Offerings | Practical Law
A form of cross-receipt in which the initial purchasers confirm to the issuer that they have received the debt securities sold in the offering, and the issuer confirms to the initial purchasers that it has received the purchase price of the offering. This cross-receipt is delivered at the closing of a Rule 144A offering of debt securities. This Standard Document has integrated notes with important explanations and drafting tips.