Common use of Status Under the Uniform Commercial Code Clause in Contracts

Status Under the Uniform Commercial Code. All Interests in the Company shall be securities governed by Article 8 of the Uniform Commercial Code as in effect from time to time in the State of Delaware. The Interests are not evidenced by certificates, and will remain not evidenced by certificates. The Company is not authorized to issue certificated Interests. The Company will keep a register of the Members’ Interests, in which it will record all Transfers of Members’ Interests made in accordance with Article VII of this Agreement. ARTICLE IV‌

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

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Status Under the Uniform Commercial Code. All Interests in the Company shall be securities governed by Article 8 of the Uniform Commercial Code as in effect from time to time in the State of Delaware. The Interests are not evidenced by certificates, and will remain not evidenced by certificates. The Company is not authorized to issue certificated Interests. The Company will keep a register of the Members’ Interests, in which it will record all Transfers of Members’ Interests made in accordance with Article VII of this Agreement. ARTICLE IV‌.

Appears in 1 contract

Samples: Operating Agreement

Status Under the Uniform Commercial Code. All Membership Interests in the Company shall be deemed to be securities governed by Article 8 of the Uniform Commercial Code as in effect from time to time in the State of Delaware. The Membership Interests are not evidenced by certificates, and will remain not be evidenced by certificates. The Company is not authorized to issue certificated Interestsinterests. The Company will keep a register of the Members’ Membership Interests, in which it will record all Transfers transfers of Members’ Interests made in accordance with Article VII of this Agreement. ARTICLE IV‌Membership Interests.

Appears in 1 contract

Samples: Purchase and Sale Agreement (NextEra Energy Partners, LP)

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Status Under the Uniform Commercial Code. All Interests in the Company shall will be securities governed by Article 8 of the Uniform Commercial Code as in effect from time to time in the State of Delaware. The Interests are not evidenced by certificates, and will remain not evidenced by certificates. The Company is not authorized to issue certificated Interests. The Company will keep a register of the Members’ Interests, in which it will record all Transfers of Members’ Interests made in accordance with Article VII VIII of this Agreement. ARTICLE IV‌LIMITED LIABILITY COMPANY AGREEMENT

Appears in 1 contract

Samples: Limited Liability Company Agreement (Freeport Holdings Series LLC)

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