Interest as a Security. A Unit in the Company evidenced by a Certificate shall constitute a security for all purposes of Article 8 of the Uniform Commercial Code promulgated by the National Conference of Commissioners on Uniform State Laws, as in effect in Delaware or any other applicable jurisdiction. Delaware law shall constitute the local law of the Company's jurisdiction in its capacity as the issuer of Units.
Appears in 2 contracts
Samples: Operating Agreement (Georgia Pacific Corp), Operating Agreement (Chesapeake Corp /Va/)
Interest as a Security. A Unit membership interest of a Member in the Company evidenced by a Certificate shall constitute a security for all purposes of Article 8 of the Uniform Commercial Code promulgated by the National Conference of Commissioners on Uniform State Laws, as in effect in Delaware or any other applicable jurisdiction. Delaware law shall constitute the local law of the Company's jurisdiction in its capacity as the issuer of Unitsmembership interests of a Member in the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Huntsman International LLC)
Interest as a Security. A Unit in the Company evidenced by a Certificate certificate shall constitute a security for all purposes of Article 8 of the Uniform Commercial Code promulgated by the National Conference of Commissioners on Uniform State Laws, as in effect in the State of Delaware or any other applicable jurisdiction. The Laws of the State of Delaware law shall constitute the local law of the Company's jurisdiction in its capacity as the issuer of Units.
Appears in 1 contract
Samples: Operating Agreement (Metaldyne Corp)
