Common use of Membership Interest Certificate Clause in Contracts

Membership Interest Certificate. The Membership Interest of the Sole Member will be evidenced by a certificate of limited liability company interest issued by the Company in substantially the form set forth as Exhibit A to this Agreement (the "Membership Interest Certificate"). The Membership Interest shall be a "security" governed by Article 8 of the Uniform Commercial Code as in effect in any jurisdiction in which it has been adopted, including, without limitation, Article 8 of the Delaware Uniform Commercial Code, as currently in effect. Each Membership Interest Certificate shall bear the following legend: "This certificate evidences an interest in NationsRent Dealer Group, LLC and shall be a 'security' governed by Article 8 of the Uniform Commercial Code as in effect in any jurisdiction in which it has been adopted, including, without limitation, Article 8 of the Delaware Uniform Commercial Code, as currently in effect." This Section 2.2 shall not be amended and no such purported amendment to this Section 2.2 shall be effective until, to the extent necessary, all outstanding Membership Interest Certificates have been surrendered for re-issuance with any conforming changes required as a result of such amendment.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Nationsrent Companies Inc)

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Membership Interest Certificate. The Membership Interest of the Sole Member will be evidenced by a certificate of limited liability company interest issued by the Company in substantially the form set forth as Exhibit A to this Agreement (the "Membership Interest Certificate"). The Membership Interest shall be a "security" governed by Article 8 of the Uniform Commercial Code as in effect in any jurisdiction in which it has been adopted, including, without limitation, Article 8 of the Delaware Uniform Commercial Code, as currently in effect. Each Membership Interest Certificate shall bear the following legend: "This certificate evidences an interest in NationsRent Dealer GroupCommunity Choice Family Insurance Agency, LLC and shall be a 'security' governed by Article 8 of the Uniform Commercial Code as in effect in any jurisdiction in which it has been adopted, including, without limitation, Article 8 of the Delaware Uniform Commercial Code, as currently in effect." This Section 2.2 shall not be amended and no such purported amendment to this Section 2.2 shall be effective until, to the extent necessary, all outstanding Membership Interest Certificates have been surrendered for re-issuance with any conforming changes required as a result of such amendment.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Reliant Software, Inc.)

Membership Interest Certificate. The Membership Interest of the Sole Member will be evidenced by a certificate of limited liability company interest issued by the Company in substantially the form set forth attached as Exhibit A to this Agreement (the "Membership Interest Certificate"). The Membership Interest shall be a "security" governed by Article 8 of the Uniform Commercial Code as in effect in any jurisdiction in which it has been adopted, including, without limitation, Article 8 of the Delaware Wyoming Uniform Commercial Code, as currently in effect. Each Membership Interest Certificate shall bear the following legend: "This certificate evidences an interest in NationsRent Dealer GroupCash Central of Wyoming, LLC and shall be a 'security' governed by Article 8 of the Uniform Commercial Code as in effect in any jurisdiction in which it has been adopted, including, without limitation, Article 8 of the Delaware Wyoming Uniform Commercial Code, as currently in effect." This Section 2.2 shall not be amended and no such purported amendment to this Section 2.2 shall be effective until, to the extent necessary, all outstanding Membership Interest Certificates have been surrendered for re-issuance with any conforming changes required as a result of such amendment.

Appears in 1 contract

Samples: Operating Agreement (Reliant Software, Inc.)

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Membership Interest Certificate. The Membership Interest of the Sole Member will be evidenced by a certificate of limited liability company interest issued by the Company in substantially the form set forth attached as Exhibit A to this Agreement (the "Membership Interest Certificate"). The Membership Interest shall be a "security" governed by Article 8 of the Uniform Commercial Code as in effect in any jurisdiction in which it has been adopted, including, without limitation, Article 8 of the Delaware Uniform Commercial Code, as currently in effect. Each Membership Interest Certificate shall bear the following legend: "This certificate evidences an interest in NationsRent Dealer GroupCash Central of Delaware, LLC and shall be a 'security' governed by Article 8 of the Uniform Commercial Code as in effect in any jurisdiction in which it has been adopted, including, without limitation, Article 8 of the Delaware Uniform Commercial Code, as currently in effect." This Section 2.2 shall not be amended and no such purported amendment to this Section 2.2 shall be effective until, to the extent necessary, all outstanding Membership Interest Certificates have been surrendered for re-issuance with any conforming changes required as a result of such amendment.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Reliant Software, Inc.)

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