Common use of Membership/Partnership Interests Clause in Contracts

Membership/Partnership Interests. Designate and shall cause all of their Subsidiaries to designate (a) their limited liability company membership interests or partnership interests as the case may be, as securities as contemplated by the definition of “security” in Section 8-102(15) and Section 8-103 of Article 8 of the Uniform Commercial Code, and (b) certificate such limited liability company membership interests and partnership interests, as applicable.

Appears in 3 contracts

Samples: Security Agreement (Mammoth Energy Services, Inc.), Term Loan Credit and Guaranty Agreement (New Enterprise Stone & Lime Co., Inc.), Term Loan Credit and Guaranty Agreement (New Enterprise Stone & Lime Co., Inc.)

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Membership/Partnership Interests. Designate and shall cause all or permit any of their Subsidiaries to designate (a) treat their limited liability company membership interests or partnership interests interests, as the case may be, as securities as contemplated by the definition of “security” in Section 8-102(15) and by Section 8-103 of Article 8 of the Uniform Commercial Code, and Code or (b) certificate such their limited liability company membership interests and or partnership interests, as applicable, unless such certificates are delivered to Agent.

Appears in 2 contracts

Samples: Guaranty Agreement (Drilling Tools International Corp), Guaranty Agreement (ROC Energy Acquisition Corp.)

Membership/Partnership Interests. Designate and shall cause all or permit any of their Subsidiaries to designate (a) treat their limited liability company membership interests or partnership interests interests, as the case may be, as securities as contemplated by the definition of “security” in Section 8-102(15) and by Section 8-103 of Article 8 of the Uniform Commercial Code, and Code or (b) certificate such their limited liability company membership interests and or partnership interests, as applicable, unless, in each case, such certificates are contemporaneously with such treatment delivered to Agent together with an endorsement in blank.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Virco MFG Corporation), Credit and Security Agreement (Virco MFG Corporation)

Membership/Partnership Interests. Designate and shall cause all of their its Domestic Subsidiaries that are limited liability companies or partnerships to designate (a) their limited liability company membership interests or partnership interests as the case may be, as securities as contemplated by the definition of “security” in Section 8-102(15) and Section 8-103 of Article 8 of the Uniform Commercial Code, and (b) certificate such limited liability company membership interests and partnership interests, as applicable.

Appears in 2 contracts

Samples: Guaranty and Security Agreement (Dasan Zhone Solutions Inc), Guaranty and Security Agreement (Dasan Zhone Solutions Inc)

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Membership/Partnership Interests. Designate and shall cause all of their Subsidiaries to designate (a) their limited liability company membership interests or partnership interests as the case may be, as securities as contemplated by the definition of “security” in Section 8-102(15) and Section 8-103 of Article 8 of the Uniform Commercial Code, and (b) certificate such limited liability company membership interests and partnership interests, as applicable. 6.13.

Appears in 1 contract

Samples: Cca Industries Inc

Membership/Partnership Interests. Designate and shall cause all or permit any of their Subsidiaries to designate (a) treat their limited liability company membership interests or partnership interests interests, as the case may be, as securities as contemplated by the definition of “security” in Section 8-102(15) and by Section 8-103 of Article 8 of the Uniform Commercial Code, and Code or (b) certificate such their limited liability company membership interests and or partnership interests, as applicable. 7.20.

Appears in 1 contract

Samples: Cca Industries Inc

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