UCC Article 8 Opt-In Sample Clauses

UCC Article 8 Opt-In. Each Note, if certificated, shall be maintained in “registered form” within the meaning of Section 8-102(a)(13) of the UCC, or, if uncertificated, the transfer thereof may be registered upon books maintained for such purpose by or on behalf of the Issuer, and each Note shall be a “security” governed by Article 8 of the UCC.
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UCC Article 8 Opt-In. (a) Each Membership Interest shall constitute and shall remain a “security” within the meaning of (i) Section 8-102(a)(15) of the Uniform Commercial Code as in effect from time to time in the States of Delaware and New York and (ii) the Uniform Commercial Code of any other applicable jurisdiction that now or hereafter substantially includes the 1994 revisions to Article 8 thereof as adopted by the American Law Institute and the National Conference of Commissioners on Uniform State Laws and approved by the American Bar Association on February 14, 1995. Notwithstanding any provision of this Agreement to the contrary, to the extent that any provision of this Agreement is inconsistent with any non- waivable provision of Article 8 of the Uniform Commercial Code as in effect in the State of New York (the “UCC”), such provision of Article 8 of the UCC shall control. The Company shall maintain books for the purpose of registering the transfer of Membership Interests in the Company. Upon the issuance of a Membership Interest in the Company to any Person in accordance with the provisions of this Agreement, the Company shall issue one or more Certificates in the name of such Person. “
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UCC Article 8 Opt-In. It is expressly agreed that: (i) each Partnership Interest in the Partnership is a “security” governed by Article 8 of the Uniform Commercial Code of the State of Maryland and any other applicable jurisdictions; (ii) this Agreement establishes the terms of such Partnership Interests; and (iii) such Partnership Interests shall be certificated in accordance with the form attached as Exhibit A.
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Related to UCC Article 8 Opt-In

  • Section 901. Supplemental Indentures Without Consent of Holders Without the consent of any Holders, the Company and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes:

  • Organization and Authority of Seller Seller is a corporation duly organized, validly existing and in good standing under the Laws of the state of Idaho. Seller has full power and authority to (a) own, operate or lease the properties and assets now owned, operated or leased by it and to carry on its business as it has been and is currently conducting, (b) enter into this Purchase Agreement and the other Transaction Documents to which Seller is a party, and (c) to carry out its obligations hereunder and thereunder, and to consummate the transactions contemplated hereby and thereby. The execution and delivery by Seller of this Purchase Agreement and any other Transaction Document to which Seller is a party, the performance by Seller of its obligations hereunder and thereunder and the consummation by Seller of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate action on the part of Seller. The board of directors of Seller have determined that the Purchase Price is a fair price for the assets to be conveyed by this Purchase Agreement and that the transactions contemplated by the Transaction Documents are in the best interests of Seller and have approved each Transaction Document. Each Transaction Document has been duly executed and delivered by Seller, and (assuming due authorization, execution and delivery by Buyer) each Transaction Document constitutes a legal, valid and binding obligation of Seller enforceable against Seller in accordance with its terms, except as may be limited by bankruptcy, insolvency, moratorium, or other similar laws affecting or relating to creditors’ rights generally.

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