Securities Laws Compliance. The offering of the Membership Interests constitutes the sale of “securities” exempt from registration under Federal Rule 506(c) and certain State exemptions to registration under applicable Blue-Sky laws. Should the Manager choose to evidence a Membership Interest certificate, each certificate shall be signed by the Manager. A legend noting the restrictions on transfer shall also be placed conspicuously on the face of all certificates substantially in accordance with the following:
Appears in 15 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Securities Laws Compliance. The offering of the Membership Interests constitutes the sale of “securities” exempt from registration under Federal Rule 506(c) and certain State exemptions to registration under applicable Blue-Sky laws. Should the Manager choose to evidence a Membership Interest certificate, each certificate shall be signed by the Manager. A legend noting the restrictions on transfer shall also be placed conspicuously on the face of all certificates substantially in accordance with the following:,
Appears in 1 contract
Samples: Operating Agreement
Securities Laws Compliance. The offering of the Membership Interests constitutes the sale of “securities” exempt from registration under Federal Rule 506(c) and certain State exemptions to registration under applicable Blue-Sky laws. Should the Manager trustee choose to evidence a Membership Interest certificate, each certificate shall be signed by the Managertrustee. A legend noting the restrictions on transfer shall also be placed conspicuously on the face of all certificates substantially in accordance with the following:
Appears in 1 contract
Samples: Operating Agreement
