Interest Certificate definition

Interest Certificate has the meaning set forth in Section 1.01 of the Holdings LLC Agreement.

Interest Certificate has the meaning set forth in Section 4.3.

Interest Certificate shall have the meaning assigned to such term in Section 8.02.

Examples of Interest Certificate in a sentence

• Evidence of the issuance of the LLC Interest Certificate shall be recorded in the books of the Company as set forth in Sections 3.3 and 4.1.

• The Company shall be entitled to treat the registered owner of a LLC Interest Certificate as the owner of such LLC Interest for all purposes and, accordingly, shall not be bound to recognize any equitable or other claim to or interest in such LLC Interest, regardless of whether it shall have actual or other notice thereof, by a person other than the registered owner of such certificate.

• Such purported Transferee shall promptly endorse and deliver such Residual Interest Certificate in accordance with the instructions of the Trustee.

• Each such Membership Interest Certificate shall be denominated in terms of the number of Units evidenced by such Membership Interest Certificate and shall be signed by the Managing Member or an Officer on behalf of the Company.

• None of the Depositor, the Trustee or the Certificate Registrar shall be under any liability to any Person for any registration of Transfer of a Residual Interest Certificate that is in fact not permitted by this Section 5.02(d) or for making any payments due on such Certificate to the Holder thereof or for taking any other action with respect to such Holder under the provisions of this Agreement.

More Definitions of Interest Certificate

Interest Certificate has the meaning set forth in Section 1.01 of the Holdings LLC Agreement. [ * ] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

Interest Certificate means a certificate issued by the Company substantially in the form of Exhibit A hereto, which evidences the ownership of Membership Interests. Each Interest Certificate shall bear, in effect, the following legend: “The Interest shall constitute “securities” within the meaning of, and shall be governed by, (i) Article 8 of the Uniform Commercial Code (including Section 8- 102(a)(15) thereof) as in effect from time to time in the State of Delaware and in the State of New York and (ii) Article 8 of 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.”

Interest Certificate shall have the meaning set forth in Section 2.9 hereof.

Interest Certificate as defined in 15.22(a). Lien: a mortgage, lien, pledge, security interest or other encumbrance. Liquidation: the process of winding up and terminating the Company after its Dissolution. LMC: Liberty Media Corporation. LMC Member: Liberty Satellite, LLC, and any successor to or Permitted Transferee of the LMC Member who is admitted as a Member pursuant to Article 13; provided that if the LMC Member Transfers less than 100% of its Ownership Interest to one or more Permitted Transferees, then the LMC Member and all of its Permitted Transferees will be treated as one Member on a combined basis for all purposes under this Agreement and will be referred to in the aggregate as the LMC Member. Losses: as defined in 4.1. LSAT: TCI Satellite Entertainment, Inc. LSAT Member: TSAT Holding 2, Inc. and any successor to or Permitted Transferee of the LSAT Member who is admitted as a Member pursuant to Article 13; provided that if the LSAT Member Transfers less than 100% of its Ownership Interest to one or more Permitted Transferees, then the LSAT Member and all of its Permitted Transferees will be treated as one Member on a combined basis for all purposes under this Agreement and will be referred to in the aggregate as the LSAT Member.

Interest Certificate has the meaning specified in Section 11.7(c)(i) hereof.

Interest Certificate means a certificate issued by the Company which evidences the ownership of one or more Interests. Each Interest Certificate shall bear, in effect, the following legend: “Each limited liability company interest in the Company represented by this certificate evidences an interest in the Company and shall constitute a ‘security’ within the meaning of, and governed by, (i) Article 8 of the Uniform Commercial Code (including Section 8-102(a)(15) thereof) as in effect from time to time in the States of Illinois and New York and (ii) Article 8 of 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 (and each limited liability company interest in the Company shall be treated as such a ‘security’ for all such purposes, including, without limitation perfection of the security interest therein under Articles 8 and 9 of each applicable Uniform Commercial Code as the Company has ‘opted-in’ to such provisions).” This provision shall not be amended, and no such purported amendment to this provision shall be effective until all outstanding certificates have been surrendered for cancellation.

Interest Certificate means a certificate issued by the Company substantially in the form of Exhibit B hereto, which evidences the ownership of Membership Interests.