Common use of Membership Certificates Clause in Contracts

Membership Certificates. The Company hereby irrevocably elects that all limited liability company interests in the company shall be “securities” within the meaning of, and governed by Article 8 of the Uniform Commercial Code of the State of New York. All limited liability company interests in the Company shall be certificated in the form attached hereto as Exhibit B or such other form as the Member may select. Each certificate evidencing limited liability company interests in the company shall bear the following legend: “All limited liability company interests in the Company shall be “securities” within the meaning of, and governed by Article 8 of the Uniform Commercial Code of the State of New York.” No changes to this provision shall be effective until all outstanding certificates have been surrendered for cancellation and any new certificates hereafter issued shall not bear the foregoing legend. The Company shall maintain books for the purpose of registering the transfer of limited liability company interests.

Membership Certificates. The Company hereby irrevocably elects that all limited liability company interests in the company Company shall be “securities” within the meaning of, and governed by Article 8 of the Uniform Commercial Code of the State of New York. All limited liability company interests in the Company shall be certificated in the form attached hereto as Exhibit B or in such other form as the Member may select. Each certificate evidencing limited liability company interests in the company Company shall bear the following legend: “All limited liability company interests in the Company shall be “securities” within the meaning of, and governed by Article 8 of the Uniform Commercial Code of the State of New York.” No changes to this provision shall be effective until all outstanding certificates have been surrendered for cancellation and any new certificates hereafter thereafter issued shall not bear the foregoing legend. The Company shall maintain books for the purpose of registering the transfer of limited liability company interests.

Membership Certificates. The Company hereby irrevocably elects that all limited liability company interests in the company Company shall be “securities” within the meaning of, and governed by Article 8 of the Uniform Commercial Code of the State of New York. All limited liability company interests in the Company shall be certificated in the form attached hereto as Exhibit B or in such other form as the Member may select. Each certificate evidencing limited liability company interests in the company Company shall bear the following legend: “All limited liability company interests in the Company shall be “securities” within the meaning of, and governed by Article 8 of the Uniform Commercial Code of the State of New York.” No changes to this provision shall be effective until all outstanding certificates have been surrendered for cancellation and any new certificates hereafter thereafter issued shall not bear the foregoing legend. The Company shall maintain books for the purpose of registering the transfer of limited liability company interests.