Examples of Pledged LLC Interests in a sentence
To the extent permitted under applicable Government Rule, Pledgor, for itself, its successors and assigns, shall not cast any vote as owner of the Pledged LLC Interests or otherwise in favor of any action that would result in a violation by the Company of any of its Constitutional Documents.
Upon any such termination, the Security Trustee will return all certificates previously delivered to the Security Trustee representing the Pledged LLC Interests to Pledgor.
The Pledgor shall at all times prior to the satisfaction in full of the Secured Obligations cause the Pledged LLC Interests to be “Certificated securities” within the meaning of Section 8-102(a)(16) of the UCC.
In addition, each Grantor shall cause any certificates evidencing any Pledged Equity Interests (other than Excluded Securities), including, without limitation, any Pledged Partnership Interests or Pledged LLC Interests, to be similarly delivered to the Bank regardless of whether such Pledged Equity Interests constitute Certificated Securities.
All Pledged LLC Interests delivered to the Secured Party shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to the Secured Party.