The Company Preferred Certificates. (a) Company Preferred Certificates evidencing fractions of Company Preferred Securities or Company Parity Preferred Securities shall not be issued. Each Company Preferred Certificate shall be signed, manually or by facsimile, by the President, any Vice-President or the Secretary of the Company. Company Preferred Certificates, other than Company Preferred Certificates held by a Trust, shall also be signed, manually or by facsimile, by the Registrar. Company Preferred Certificates bearing the signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Company shall be validly issued notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Company Preferred Certificates or did not hold such offices at the date of delivery of such Company Preferred Certificates. A transferee of a Company Preferred Certificate shall become a Securityholder, upon due registration of such Company Preferred Certificate in such transferee's name pursuant to Section 13.5. (b) Upon their original issuance, Company Preferred Certificates evidencing the Company Preferred Securities or Company Parity Preferred Securities shall be issued in the form of one or more Company Preferred Certificates.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (UBS Preferred Funding Trust VIII), Limited Liability Company Agreement (Ubs Preferred Funding Trust Iii), Limited Liability Company Agreement (UBS Preferred Funding Trust VIII)
The Company Preferred Certificates. (a) Company Preferred Certificates evidencing fractions of Company Preferred Securities or Company Parity Preferred Securities shall not be issued. Each Company Preferred -44- 50 Certificate shall be signed, manually or by facsimile, by the President, any Vice-President or the Secretary of the Company. Company Preferred Certificates, other than Company Preferred Certificates held by a Trust, shall also be signed, manually or by facsimile, by the Registrar. Company Preferred Certificates bearing the signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Company shall be validly issued notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Company Preferred Certificates or did not hold such offices at the date of delivery of such Company Preferred Certificates. A transferee of a Company Preferred Certificate shall become a Securityholder, upon due registration of such Company Preferred Certificate in such transferee's name pursuant to Section 13.5.
(b) Upon their original issuance, Company Preferred Certificates evidencing the Company Preferred Securities or Company Parity Preferred Securities shall be issued in the form of one or more Company Preferred Certificates.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ubs Preferred Funding Trust Iii)
