Units Not Certificated. ANY PROVISION TO THE CONTRARY CONTAINED IN THIS AGREEMENT NOTWITHSTANDING, THE COMPANY WILL NOT ISSUE ANY CERTIFICATE TO EVIDENCE THE TRANSFERABLE INTERESTS ISSUED HEREUNDER OR COVERED HEREBY AND SUCH TRANSFERABLE INTERESTS SHALL NOT BE DEEMED TO CONSTITUTE A “SECURITY” GOVERNED BY ARTICLE 8 OF THE UNIFORM COMMERCIAL CODE. ANY CERTIFICATE ISSUED BY THE COMPANY SHALL BE VOID.
Units Not Certificated. No Unit need be represented by a certificate or other evidence of ownership. The Company is authorized to issue any and all classes and series of Units as un-certificated Units of the Company; provided, however, the rights and obligations of the Members holding any certificated Units and the rights and obligations of the Members holding any un-certificated Units of the same class and series shall be identical. Regardless of whether or not a certificate is issued representing a Unit, a Member’s Units shall be recorded on Schedule I hereto, as the same may be amended from time to time, and in the records of the Company.
Units Not Certificated. Units shall not be certificated unless otherwise determined by the Board. If the Board determines that one or more Units shall be certificated, each such certificate shall be in such form as the Board may determine.
Units Not Certificated. The Units shall not be represented by certificates. Upon issuance, redemption, repurchase, forfeiture or any other adjustment in the number of Units held by any Member, or the admission of any new member to the Company in accordance with this Agreement, the Company shall amend Exhibit A hereto to reflect such issuance, redemption, repurchase, forfeiture or any other adjustment and such amendment shall not require the further consent of any Member hereunder.
