CERTIFICATES OF MEMBERSHIP INTEREST; APPLICABILITY OF ARTICLE 8 OF UCC. All Membership Interests shall be represented by certificates in such form as the Management Committee shall from time to time approve, shall be recorded in a register thereof maintained by the Company, and shall be subject to such rules for the issuance thereof as the Management Committee may from time to time determine. Membership Interests shall be subject to the provisions of Article 8 of the Uniform Commercial Code as may be applicable from time to time.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Louisiana Generating LLC), Limited Liability Company Agreement (Louisiana Generating LLC), Limited Liability Company Agreement (Somerset Power LLC)
CERTIFICATES OF MEMBERSHIP INTEREST; APPLICABILITY OF ARTICLE 8 OF UCC. All Membership Membership. Interests shall be represented by certificates in such form as the Management Committee shall from time to time approve, shall be recorded in a register thereof maintained by the Company, and shall be subject to such rules for the issuance thereof as the Management Committee may from time to time determine. Membership Interests shall be subject to the provisions of Article 8 of the Uniform Commercial Code as may be applicable from time to time.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Somerset Power LLC), Somerset Power LLC
