Common use of of the Uniform Commercial Code Clause in Contracts

of the Uniform Commercial Code. The LLC ------------------------------------------------------- hereby irrevocably elects that all interests in the LLC shall be securities governed by Article 8 of the Uniform Commercial Code in effect in the State of Delaware. Each certificate, if any, evidencing an interest in the LLC shall bear the following legend: "This Certificate evidences a membership interest in Xxxxxxx Xxxxxxxx Xxxxxxxx, LLC and shall be a security for purposes of Article 8 of the Uniform Commercial Code in effect in the State of Delaware." No change to this provision shall be effective until all outstanding certificates have been surrendered for cancellation and any new certificates thereafter issued shall not bear the foregoing legend.

Appears in 2 contracts

Samples: Merger Agreement (Digitas Inc), Merger Agreement (Digitas Inc)

AutoNDA by SimpleDocs

of the Uniform Commercial Code. The LLC ------------------------------------------------------- hereby irrevocably elects that all interests in the LLC shall be securities governed by Article 8 of the Uniform Commercial Code in effect in the State of Delaware. Each certificate, if any, evidencing an interest in the LLC shall bear the following legend: "This Certificate evidences a membership interest in Xxxxxxx Xxxxxxxx Xxxxxxxx, BSH Holding LLC and shall be a security for purposes of Article 8 of the Uniform Commercial Code in effect in the State of Delaware." No change to this provision shall be effective until all outstanding certificates have been surrendered for cancellation and any new certificates thereafter issued shall not bear the foregoing legend.

Appears in 1 contract

Samples: Merger Agreement (Digitas Inc)

AutoNDA by SimpleDocs

of the Uniform Commercial Code. The LLC ------------------------------------------------------- hereby irrevocably elects that all interests in the LLC shall be securities governed by Article 8 of the Uniform Commercial Code in effect in the State of Delaware. Each certificate, if any, evidencing an interest in the LLC shall bear the following legend: "This Certificate evidences a membership interest in Xxxxxxx Xxxxxxxx XxxxxxxxStrategic Interactive Group, LLC and shall be a security for purposes of Article 8 of the Uniform Commercial Code in effect in the State of Delaware." No change to this provision shall be effective until all outstanding certificates have been surrendered for cancellation and any new certificates thereafter issued shall not bear the foregoing legend.

Appears in 1 contract

Samples: Merger Agreement (Digitas Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!