Interests in Limited Liability Companies and Limited Partnerships. Each Grantor agrees that no ownership interests in a limited liability company or a limited partnership which are included within the Collateral owned by such Grantor shall at any time constitute a Security under Article 8 of the UCC of the applicable jurisdiction.
Appears in 28 contracts
Samples: Pledge and Security Agreement (Tile Shop Holdings, Inc.), Pledge and Security Agreement (CarParts.com, Inc.), Pledge and Security Agreement (Gorman Rupp Co)
Interests in Limited Liability Companies and Limited Partnerships. Each Such Grantor agrees that no ownership interests in a limited liability company or a limited partnership which are included within the Collateral owned by such Grantor shall at any time constitute a Security under Article 8 of the UCC of the applicable jurisdiction.
Appears in 3 contracts
Samples: Pledge and Security Agreement (Tredegar Corp), Pledge and Security Agreement (Myriad Genetics Inc), Pledge and Security Agreement (Climb Global Solutions, Inc.)
Interests in Limited Liability Companies and Limited Partnerships. Each The Grantor agrees that no ownership interests in a limited liability company or a limited partnership which are included within the Collateral owned by such Grantor shall at any time constitute a Security under Article 8 of the UCC of the applicable jurisdiction.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Mam Software Group, Inc.), Pledge and Security Agreement (Mam Software Group, Inc.)
Interests in Limited Liability Companies and Limited Partnerships. Each Grantor agrees that no ownership interests in a limited liability company or a limited partnership which are included within the Pledged Collateral owned by such Grantor shall at any time constitute a Security under Article 8 of the UCC of the applicable jurisdiction.
Appears in 2 contracts
Samples: Credit Agreement (Central Garden & Pet Co), Pledge and Security Agreement (Arvinmeritor Inc)
Interests in Limited Liability Companies and Limited Partnerships. Each Such Grantor agrees that no ownership interests in a limited liability company or a limited partnership which are included within the Collateral owned by such Grantor shall at any time constitute a Security under Article 8 of the UCC of the applicable jurisdiction.
Appears in 1 contract
Interests in Limited Liability Companies and Limited Partnerships. Each Grantor agrees that no ownership interests in a limited liability company or a limited partnership which are included within the Collateral owned by such Grantor shall at any time constitute a Security under Article 8 of the UCC of the applicable jurisdictionjurisdiction unless such Grantor takes all actions necessary to pledge such Security in accordance with the Credit Agreement and this Security Agreement (including, without limitation, Section 4.4).
Appears in 1 contract
Interests in Limited Liability Companies and Limited Partnerships. Each Grantor agrees that no ownership interests in a limited liability company or a limited partnership which are included within the Collateral owned by such Grantor shall at any time constitute a Security under Article 8 of the UCC of the applicable jurisdictionjurisdiction unless Control thereof is promptly obtained by the Lender.
Appears in 1 contract
Interests in Limited Liability Companies and Limited Partnerships. Each Grantor agrees that no ownership interests in a limited liability company or a limited partnership which are included within the Collateral owned by such Grantor shall at any time constitute a Security under Article 8 of the UCC of the applicable jurisdiction. Such Grantor shall comply with all obligations under any partnership agreement or limited liability company agreement relating to the Pledged Partnership Interests and Pledged LLC Interests and, other than as permitted under the Credit Agreement, shall enforce all of its rights with respect to any Pledged Equity Interests.
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Interests in Limited Liability Companies and Limited Partnerships. Each Grantor agrees that no ownership interests in a limited liability company or a limited partnership which are included within the Collateral owned by such Grantor shall at any time constitute a Security under Article 8 of the UCC of the applicable jurisdictionjurisdiction unless such ownership interest be evidenced by a certificate and pledged in favor of the Administrative Agent as required hereunder and such other actions as are reasonably requested by the Administrative Agent.
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Interests in Limited Liability Companies and Limited Partnerships. Each Grantor agrees that no ownership interests in a limited liability company or a limited partnership which are included within the Collateral owned by such Grantor shall at any time constitute a Security under Article 8 of the UCC of the applicable jurisdictionjurisdiction (unless certificated and pledged and delivered to the Lender pursuant to the terms hereof).
Appears in 1 contract
Samples: Pledge and Security Agreement (InfuSystem Holdings, Inc)