Common use of Ownership Certificates Clause in Contracts

Ownership Certificates. The Company may, but is not required to, issue a certificate to the Member to evidence the Interest. If issued, the Member or any officer of the Company may sign such certificate on behalf of the Company. The Member may also deem the Interest a “security” under Section 104.8102(1)(o) of the UCC; in such event, a legend so stating shall be affixed to any certificate issued to the Member. In addition, any required gaming legend shall be affixed to any such certificate.

Appears in 2 contracts

Samples: Operating Agreement (Aquarius Gaming LLC), Operating Agreement (Aquarius Gaming LLC)

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Ownership Certificates. The Company may, but is not required to, issue a certificate to the Member to evidence the Interest. If issued, the Member or any officer of the Company authorized by the Member may sign such certificate on behalf of the Company. The Member may also deem the Interest a “security” under Section 104.8102(1)(o104.8102(l)(n) of the UCC; in such event, a legend so stating shall be affixed to any certificate issued to the Member. In addition, any required gaming legend shall be affixed to any such certificate.

Appears in 1 contract

Samples: Operating Agreement (Harrah's Atlantic City Operating Company, LLC)

Ownership Certificates. The Company may, but is not required to, issue a certificate to the Member to evidence the Interest. If issued, the Member or any officer of the Company may sign such certificate on behalf of the Company. The Member may also deem the Interest a “security” under Section 104.8102(1)(o8-102(a)(15) of the UCC; in such event, a legend so stating shall be affixed to any certificate issued to the Member. In addition, any required gaming legend shall be affixed to any such certificate.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Aquarius Gaming LLC)

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Ownership Certificates. The Company may, but is not required to, issue a certificate to the Member to evidence the Interest. If issued, the Member Member, any Manager or any authorized officer of the Company may sign such certificate on behalf of the Company. The Member or Manager may also deem the Interest a “security” under Section 104.8102(1)(o) of the UCC; in such event, a legend so stating shall be affixed to any certificate issued to the Member. In addition, any required gaming legend shall be affixed to any such certificate.

Appears in 1 contract

Samples: Operating Agreement (Ace Gaming LLC)

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