Common use of Article 8 Opt-In Clause in Contracts

Article 8 Opt-In. The Pledgor shall not take any action to cause any membership interest, partnership interest, or other equity interest of any limited liability company or limited partnership owned or controlled by the Pledgor comprising Collateral to be or become a “security” within the meaning of, or to be governed by, Article 8 of the UCC as in effect under the laws of the applicable jurisdiction and shall not cause or permit any such limited liability company or limited partnership to “opt in” or to take any other action seeking to establish any membership interest, partnership interest or other equity interest of such limited liability company or limited partnership comprising the Collateral as a “security” or to become certificated, in each case, without delivering all certificates (if any) evidencing such interest to the Collateral Agent in accordance with and as required by Section 3 or, in the case of any uncertificated security, without taking such steps, to the extent requested by the Collateral Agent (following notice to the Collateral Agent of any such change, which shall be promptly provided by the Pledgor), to provide the Collateral Agent with control (as defined in Article 8-106 of the UCC) of any such security.

Article 8 Opt-In. The Pledgor No Grantor shall not take any action to cause any membership interest, partnership interest, or other equity interest of any limited liability company or limited partnership owned or controlled by the Pledgor any Grantor comprising Collateral to be or become a “security” within the meaning of, or to be governed by, Article 8 of the UCC as in effect under the laws of the applicable jurisdiction and shall not cause or permit any such limited liability company or limited partnership to “opt in” or to take any other action seeking to establish any membership interest, partnership interest or other equity interest of such limited liability company or limited partnership comprising the Collateral as a “security” or to become certificated, in each case, without delivering all certificates (if any) evidencing such interest to the Collateral Agent in accordance with and as required by Section 3 2.02 or, in the case of any uncertificated security, without taking such steps, to the extent requested by the Collateral Agent (following notice to the Collateral Agent of any such change, which shall be promptly provided by the Pledgorsuch Grantor), to provide the Collateral Agent with control (as defined in Article 8-106 of the UCC) of any such security.

Article 8 Opt-In. The Pledgor No Grantor shall not take any action to cause any membership interest, partnership interest, or other equity interest of any limited liability company or limited partnership owned or controlled by the Pledgor any Grantor comprising Collateral to be or become a “security” within the meaning of, or to be governed by, by Article 8 of the UCC as in effect under the laws of the applicable any state having jurisdiction and shall not cause or permit any such limited liability company or limited partnership to “opt in” or to take any other action seeking to establish any membership interest, partnership interest or other equity interest of such limited liability company or limited partnership comprising the Collateral as a “security” or to become certificateda certificated security, in each case, without delivering all certificates (if any) evidencing such interest to the Term Collateral Agent in accordance with and as required by Section 3 2.02 or, in the case of any uncertificated security, without taking such steps, to the extent requested by the Term Collateral Agent (following notice to the Term Collateral Agent of any such change, which shall be promptly provided by the Pledgorsuch Grantor), to provide the Term Collateral Agent with control (as defined in Article 8-106 of the UCC) of any such security.

Article 8 Opt-In. The Pledgor No Grantor shall not take any action to cause any membership interest, partnership interest, or other equity interest of any limited liability company or limited partnership owned or controlled by the Pledgor any Grantor comprising Collateral to be or become a “security” within the meaning of, or to be governed by, by Article 8 of the UCC as in effect under the laws of the applicable any state having jurisdiction and shall not cause or permit any such limited liability company or limited partnership to “opt in” or to take any other action seeking to establish any membership interest, partnership interest or other equity interest of such limited liability company or limited partnership comprising the Collateral as a “security” or to become certificateda certificated security, in each case, without delivering all certificates (if any) evidencing such interest to the Collateral Agent in accordance with and as required by Section 3 2.02 or, in the case of any uncertificated security, without taking such steps, to the extent requested by the Collateral Agent (following notice to the Collateral Agent of any such change, which shall be promptly provided by the Pledgorsuch Grantor), to provide the Collateral Agent with control (as defined in Article 8-106 of the UCC) of any such security.