Uncertificated Interests. All Member interests in the Company shall be uncertificated.
Uncertificated Interests. Interests shall be recorded in book-entry form and no Partner shall have the right to demand that the Partnership produce and/or deliver certificates representing such Interests. Without limiting the foregoing, the General Partner may produce and deliver certificates representing Interests if the General Partner, in its sole and absolute discretion, determines that such production and delivery would be in the best interests of the Partnership.
Uncertificated Interests. All interests in the Partnership shall be uncertificated.
Uncertificated Interests. A member’s (including the Member’s) limited liability company interest in the Company shall be an uncertificated security governed by Article 8 of the Uniform Commercial Code.
Uncertificated Interests. All Membership Interests shall be recorded in book-entry form and no Member shall have the right to demand that the Company produce or deliver certificates representing any Membership Interest. Without limiting the foregoing, the MMC may, in its discretion, cause the Company to produce and deliver certificates representing the Membership Interests.
Uncertificated Interests. The I-REMIC Interests will be issued in uncertificated form and will be maintained in the names of the record owners thereof as entries on the books of the I-REMIC Interest Registrar. No Person acquiring a beneficial ownership interest in any I-REMIC Interests will be entitled to receive a physical certificate representing such ownership interest. An I-REMIC Interest will be deemed to have been issued, and an I-REMIC Interest Holder will be deemed to have accepted such I-REMIC Interest, pursuant to the entry of such I-REMIC Interest Holder’s name on the related I-REMIC Interest Register with respect to such I-REMIC Interest.
Uncertificated Interests. The Q-REMIC Interests will be issued in uncertificated form and will be maintained in the names of the record owners thereof as entries on the books of the Q-REMIC Interest Registrar. No Person acquiring a beneficial ownership interest in any Q-REMIC Interests will be entitled to receive a physical certificate representing such ownership interest; provided, however, that at the option of the holder of any Subordinate Interest, such Subordinate Interest may be evidenced by a note in physical form. A Q-REMIC Interest will be deemed to have been issued, and a Q-REMIC Interest Holder will be deemed to have accepted such Q-REMIC Interest, pursuant to the entry of such Q-REMIC Interest Holder’s name on the related Q-REMIC Interest Register with respect to such Q-REMIC Interest.
Uncertificated Interests. The Membership Interests of the Company shall be Uncertificated and shall be in accordance with the Membership Interests listed on Exhibit A hereto, as such exhibit may be amended from time to time.
Uncertificated Interests. Membership Interests will be recorded in book-entry form and no Member will have the right to demand that the Company produce and/or deliver certificates representing any Membership Interest. Without limiting the foregoing, the Managing Member may, in its discretion, cause the Company to produce and deliver certificates representing the Membership Interests.
Uncertificated Interests. Notwithstanding anything to the contrary contained in Section 3.2 hereof, to the extent any Interest (whether now owned or hereafter acquired) is uncertificated, the respective Pledgor shall promptly notify the Pledgee thereof, and shall promptly take all actions required to perfect the security interest of the Pledgee under applicable law (including, in any event, under the provisions of Articles 8 and 9 of the New York UCC). Each Pledgor further agrees to take such actions as the Pledgee deems necessary or desirable to effect the foregoing and to permit the Pledgee to exercise any of its rights and remedies hereunder, and agrees to provide an opinion of counsel reasonably satisfactory to the Pledgee with respect to any such pledge of uncertificated Interests promptly upon the reasonable request of the Pledgee.
