Membership Interests; Certificates. The Company will not issue any certificates to evidence ownership of the membership interests.
Membership Interests; Certificates. The Member owns 100% of the membership interests in the Company. The Company will not issue any certificates to evidence ownership of the membership interests.
Membership Interests; Certificates. To the extent permitted by the Act, notwithstanding any showing that distributions under a charging order upon any economic interest of the LLC will not pay the amount owed to the creditor within a reasonable time, no economic interest in the LLC shall be subject to foreclosure. The LLC will not issue any certificates to evidence ownership of the membership interests.
Membership Interests; Certificates. The Company may at its election issue certificates to evidence ownership of the membership interests.
Membership Interests; Certificates. The Company is hereby authorized, but is not required, to issue certificates representing the ownership of Membership Interests in the Company in accordance with the Act.
Membership Interests; Certificates. Each member's interest in the Company shall be specified on the Schedule of Members attached hereto as ------------------- Exhibit A, and identified and held as units of membership interests of the ---------- Company ("Units"). The Company shall issue certificates for such Units to ----- each member of the Company in a form determined by the Company, and such Units shall be "securities," as defined in Article 8, Section 8-102(a)(15) of the Uniform Commercial Code as adopted and in effect in the State of Delaware, and shall be governed by such Article in all respects.
Membership Interests; Certificates. The Company will not issue any certificates to evidence ownership of the membership interests. So long as any pledge of any membership interests is in effect, the Company shall not elect to have membership interests in the Company be securities governed by Article 8 of the Uniform Commercial Code as in effect in the State of Delaware and each other applicable jurisdiction. So long as any pledge of any membership interests is in effect, this Section 15 shall not be amended and any purported amendment to this provision shall not take effect until all security interest granted in any membership interest of the Company have been terminated.
Membership Interests; Certificates. Each membership interest in the Company shall be a security governed by Article 8 of the Uniform Commercial Code of the State of Delaware, 6 Del. C. § 1-101 et seq., and shall be represented by a certificate. Each certificate representing a membership interest in the Company now or hereafter held by a Member shall be stamped with a legend in substantially the following form: “The Membership Interest represented by this Certificate has not been registered under the Securities Act of 1933, as amended, or any applicable state securities laws. No transfer or other disposition of such Membership Interest may be made in the absence of an effective registration statement for such Membership Interest under the Securities Act of 1933 or an opinion of legal counsel satisfactory to counsel of VoiceStream PCS I L.L.C. that registration is not required under said act. Reference is also made to the Limited Liability Company Agreement entered into by the registered owner concurrently with or prior to the issuance of this Certificate which should be referred to for additional restrictions on the transferability of the Membership Interest represented hereby.”
Membership Interests; Certificates. A member’s interest in the Company will be represented by shares held by such Member as provided herein, which may be evidenced by one or more physical share certificates; provided, that multiple shares may be represented by a single certificate. Every share certificate must be signed by two officers. Every share shall have a par value of $0.01 per share, which shall be the minimum consideration per share to be paid to the Company in connection with the issuance of the Company’s shares. All such shares are identical in that they entitle the holder(s) thereof to the same rights and privileges hereunder as any other share. Each issued and outstanding share shall have one vote on all matters properly coming before the Member. The Company may repurchase or cancel shares against cash or noncash consideration as may be agreed with the Member holding such shares, and may increase or decrease authorized share capital at any time by the vote of the Member. Any repurchased shares shall be deemed cancelled immediately upon acquisition by the Company, and shall thereafter remain authorized and unissued until further issuance by the Company in the sole discretion of the Member. A Member is not entitled to the return of any part of its capital contributions or to be paid interest in respect of its capital contributions. An unrepaid capital contribution is not a liability of the Company or of the Member.
Membership Interests; Certificates. The total number of membership interests that the Company shall have the authority to issue is unlimited. The Company will not issue any certificates to evidence ownership of the membership interests.
