LLC Interests. Pledgor will not: (a) permit any Pledged Company that is a limited liability company to issue any certificate or other instrument to evidence any of Pledgor’s limited liability company interests in such Pledged Company; (b) permit the limited liability company interest in any such Pledged Company to be dealt in or traded on any securities exchange or in securities markets; or (c) allow the operating agreement of any such Pledged Company to provide that any limited liability company interest in any such Pledged Company shall be a security governed by Article 8 of the Uniform Commercial Code.
Appears in 3 contracts
Samples: Pledge and Security Agreement (Global Water Resources, Inc.), Pledge and Security Agreement (Global Water Resources, Inc.), Pledge and Security Agreement (Global Water Resources, Inc.)
