Common use of Securities Under the UCC Clause in Contracts

Securities Under the UCC. The Interest of a Member shall be considered a “security” as defined in Section 104.8102(1)(o) of the UCC, and this statement shall constitute an express provision that each such Interest is a security governed by Article 8 of the UCC, within the meaning of Section 104.8103(3) thereof, solely for the purposes of establishing the applicability thereto of the provisions of Article 8 governing

Appears in 2 contracts

Samples: Operating Agreement (Casino One Corp), Operating Agreement (Pinnacle Entertainment Inc)

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Securities Under the UCC. The Interest of a Member shall be considered a “security” as defined in Section 104.8102(1)(o) of the UCC, and this statement shall constitute an express provision that each such Interest is a security governed by Article 8 of the UCC, within the meaning of Section 104.8103(3) thereofof the UCC, solely for the purposes of establishing the applicability thereto of the provisions of Article 8 governing

Appears in 2 contracts

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

Securities Under the UCC. The Interest of a Member shall be considered a “security” as defined in Section 104.8102(1)(o8-102(a)(15) of the UCC, and this statement shall constitute an express provision that each such Interest is a security governed by Article 8 of the UCC, within the meaning of Section 104.8103(38-103(c) thereof, solely for the purposes of establishing the applicability thereto of the provisions of Article 8 governing

Appears in 1 contract

Samples: Operating Agreement (Pinnacle Entertainment Inc)

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Securities Under the UCC. The Interest of a Member shall be considered a “security” as defined in Section 104.8102(1)(o8102(a)(15) of the UCC, and this statement shall constitute an express provision that each such Interest is a security governed by Article 8 of the UCC, within the meaning of Section 104.8103(38103(c) thereofof the UCC, solely for the purposes of establishing the applicability thereto of the provisions of Article 8 governing

Appears in 1 contract

Samples: Operating Agreement (Wynn Resorts LTD)

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