Common use of Non-Certification of Units; Legend; Units are Securities Clause in Contracts

Non-Certification of Units; Legend; Units are Securities. (a) Units shall be issued in non-certificated form; provided that the Managing Member may cause the Company to issue certificates to a Unitholder representing the Units held by such Unitholder. If any Unit certificate is issued, then such certificate shall bear a legend substantially in the following form: This certificate evidences Units representing an interest in Tallgrass Equity, LLC and shall be a security within the meaning of Article 8 of the Uniform Commercial Code. The interest in Tallgrass Equity, LLC represented by this certificate is subject to restrictions on transfer set forth in that certain Second Amended and Restated Limited Liability Company Agreement of Tallgrass Equity, LLC, dated as of , 2015, by and among Tallgrass Equity, LLC and each of the members from time to time party thereto, as the same may be amended from time to time. (b) The Company hereby irrevocably elects that all Units will be deemed to be “securities” within the meaning of Section 8-102(a)(15) and as provided by Section 8-103(c) of the Uniform Commercial Code as in effect from time to time in the State of Delaware or analogous provisions in the Uniform Commercial Code in effect in any other jurisdiction.

Non-Certification of Units; Legend; Units are Securities. (a) Units shall be issued in non-certificated form; provided that the Managing Member may cause the Company to issue certificates to a Unitholder representing the Units held by such Unitholder. If any Unit certificate is issued, then such certificate shall bear a legend substantially in the following form: This certificate evidences Units representing an interest in Tallgrass EquityXxxxx Energy Holdings, LLC and shall be a security within the meaning of Article 8 of the Uniform Commercial Code. The interest in Tallgrass EquityXxxxx Energy Holdings, LLC represented by this certificate is subject to restrictions on transfer set forth in that certain Second Third Amended and Restated Limited Liability Company Agreement of Tallgrass EquityXxxxx Energy Holdings, LLC, dated as of [·], 20152013, by and among Tallgrass EquityXxxxx Energy Holdings, LLC and each of the members from time to time party thereto, as the same may be amended from time to time. (b) The Company hereby irrevocably elects that all Units will be deemed to be “securities” within the meaning of Section 8-102(a)(15) and as provided by Section 8-103(c) of the Uniform Commercial Code as in effect from time to time in the State of Delaware or analogous provisions in the Uniform Commercial Code in effect in any other jurisdiction.

Non-Certification of Units; Legend; Units are Securities. (a) Units shall be issued in non-certificated form; provided that the Managing Member may cause the Company to issue certificates to a Unitholder representing the Units held by such Unitholder. If any Unit certificate is issued, then such certificate shall bear a legend substantially in the following form: This certificate evidences Units representing an interest in Tallgrass EquityXxxxx Energy Holdings, LLC and shall be a security within the meaning of Article 8 of the Uniform Commercial Code. The interest in Tallgrass EquityXxxxx Energy Holdings, LLC represented by this certificate is subject to restrictions on transfer set forth in that certain Second Fourth Amended and Restated Limited Liability Company Agreement of Tallgrass EquityXxxxx Energy Holdings, LLC, dated as of August 26, 20152016, by and among Tallgrass EquityXxxxx Energy Holdings, LLC and each of the members from time to time party thereto, as the same may be amended from time to time. (b) The Company hereby irrevocably elects that all Units will be deemed to be “securities” within the meaning of Section 8-102(a)(15) and as provided by Section 8-103(c) of the Uniform Commercial Code as in effect from time to time in the State of Delaware or analogous provisions in the Uniform Commercial Code in effect in any other jurisdiction.

Non-Certification of Units; Legend; Units are Securities. (a) Units shall be issued in non-certificated form; provided that the Managing Member may cause the Company to issue certificates to a Unitholder representing the Units held by such Unitholder. If any Unit certificate is issued, then such certificate shall bear a legend substantially in the following form: This certificate evidences Units representing an interest in Tallgrass EquityXxxxx Energy Holdings, LLC and shall be a security within the meaning of Article 8 of the Uniform Commercial Code. The interest in Tallgrass EquityXxxxx Energy Holdings, LLC represented by this certificate is subject to restrictions on transfer set forth in that certain Second Third Amended and Restated Limited Liability Company Agreement of Tallgrass EquityXxxxx Energy Holdings, LLC, dated as of July 26, 20152013, by and among Tallgrass EquityXxxxx Energy Holdings, LLC and each of the members from time to time party thereto, as the same may be amended from time to time. (b) The Company hereby irrevocably elects that all Units will be deemed to be “securities” within the meaning of Section 8-102(a)(15) and as provided by Section 8-103(c) of the Uniform Commercial Code as in effect from time to time in the State of Delaware or analogous provisions in the Uniform Commercial Code in effect in any other jurisdiction.

Non-Certification of Units; Legend; Units are Securities. (a) Units shall be issued in non-certificated non‑certificated form; provided that the Managing Member may cause the Company to issue certificates to a Unitholder representing the Units held by such Unitholder. If any Unit certificate is issued, then such certificate shall bear a legend substantially in the following form: This certificate evidences Units representing an interest in Tallgrass Equity, LLC and shall be a security within the meaning of Article 8 of the Uniform Commercial Code. The interest in Tallgrass Equity, LLC represented by this certificate is subject to restrictions on transfer set forth in that certain Second Amended and Restated Limited Liability Company Agreement of Tallgrass Equity, LLC, dated as of May 12, 2015, by and among Tallgrass Equity, LLC and each of the members from time to time party thereto, as the same may be amended from time to time. (b) The Company hereby irrevocably elects that all Units will be deemed to be “securities” within the meaning of Section 8-102(a)(158‑102(a)(15) and as provided by Section 8-103(c8‑103(c) of the Uniform Commercial Code as in effect from time to time in the State of Delaware or analogous provisions in the Uniform Commercial Code in effect in any other jurisdiction.