Common use of Limited Liability Company and Partnership Interests Clause in Contracts

Limited Liability Company and Partnership Interests. Each Pledgor that is a limited liability company or a partnership represents, warrants and covenants that to the extent the Equity Interests in such Pledgor are not certificated, such Pledgor shall not include in its organizational documents any provision that such Equity Interests be a “security” as defined under Article 8 of the UCC.

Limited Liability Company and Partnership Interests. Each The Pledgor that is a limited liability company or a partnership represents, warrants and covenants that to the extent the Equity Interests in such the Pledgor are not certificated, such the Pledgor shall not include in its organizational documents any provision that such Equity Interests be a “security” as defined under Article 8 of the UCC.