Common use of UCC Election Clause in Contracts

UCC Election. The Company hereby irrevocably elects that all membership interests in the Company shall be securities governed by Article 8 of the Uniform Commercial Code. Each Certificate of Shares shall bear the following legend: "This certificate evidences an interest in Aladdin Gaming Holdings, LLC and shall be a security for purposes of Article 8 of the Uniform

Appears in 2 contracts

Samples: Operating Agreement (Aladdin Capital Corp), Operating Agreement (Aladdin Gaming Enterprises Inc)

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UCC Election. The Company hereby irrevocably elects that all membership interests in (or limited liability company interests or Units) of the Company shall be securities governed by Article 8 of the Uniform Commercial Code. Each Certificate of Shares Any certificate for Units shall bear the following legend: "β€œThis certificate evidences an interest in Aladdin Gaming Holdings, JS Acquisition LLC and shall be a security for purposes of Article 8 of the UniformUniform Commercial Code.”

Appears in 1 contract

Samples: Limited Liability Company Agreement (Basic ESA, Inc.)

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UCC Election. The Company hereby irrevocably elects that all membership interests in the Company Interests shall be securities governed by Article 8 of the Uniform Commercial Code. Each Certificate of Shares shall bear the following legend: "This certificate evidences an interest in Aladdin Gaming HoldingsGaming, LLC and shall be a security for purposes of Article 8 of the UniformUniform Commercial Code." No change to this provision shall be effective until the all outstanding Certificates of Shares have been surrendered for cancellation and any new Certificates of Shares thereafter issued shall not bear the foregoing legend.

Appears in 1 contract

Samples: Operating Agreement (Aladdin Gaming Holding LLC)

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