Common use of Article 8 Opt-In Clause in Contracts

Article 8 Opt-In. The Company hereby irrevocably elects that all interests in the Company shall be securities governed by Article 8 of the Uniform Commercial Code as in effect in the State of Delaware and each other applicable jurisdiction. Any certificate evidencing membership interests in the Company shall bear the following legend: “This certificate evidences an interest in Intelsat USA Sales LLC and shall be a security governed by Article 8 of the Uniform Commercial Code as in effect in the State of Delaware and, to the extent permitted by applicable law, each other applicable jurisdiction.” This provision shall not be amended, and any purported amendment to this provision shall not take effect, until all outstanding certificates have been surrendered for cancellation.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Intelsat Subsidiary (Gibraltar) LTD)

AutoNDA by SimpleDocs

Article 8 Opt-In. The Company hereby irrevocably elects that all interests in the Company shall be securities governed by Article 8 of the Uniform Commercial Code as in effect in the State of Delaware and each other applicable jurisdiction. Any certificate evidencing membership interests in the Company shall bear the following legend: “This certificate evidences an interest in Intelsat USA Sales Global Service LLC and shall be a security governed by Article 8 of the Uniform Commercial Code as in effect in the State of Delaware and, to the extent permitted by applicable law, each other applicable jurisdiction.” This provision shall not be amended, and any purported amendment to this provision shall not take effect, until all outstanding certificates have been surrendered for cancellation.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Intelsat Subsidiary (Gibraltar) LTD)

Article 8 Opt-In. The Company hereby irrevocably elects that all interests Units in the Company shall be securities governed by Article 8 of the Uniform Commercial Code as in effect in the State of Delaware and each other applicable jurisdiction. Any certificate evidencing membership interests Units in the Company shall bear the following legend: “This certificate evidences an interest Units in Intelsat USA Sales PanAmSat International Sales, LLC and such Units shall be a security securities governed by Article 8 of the Uniform Commercial Code as in effect in the State of Delaware and, to the extent permitted by applicable law, each other applicable jurisdiction.” This provision shall not be amended, and any purported amendment to this provision shall not take effect, until all outstanding certificates have been surrendered for cancellation.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Intelsat Luxembourg Investment S.a r.l.)

Article 8 Opt-In. The Company hereby irrevocably elects that all interests in the Company shall be securities governed by Article 8 of the Uniform Commercial Code as in effect in the State of Delaware and each other applicable jurisdiction. Any certificate evidencing membership interests in the Company shall bear the following legend: “This certificate evidences an interest in Intelsat Inte1sat USA Sales License LLC and shall be a security governed by Article 8 of the Uniform Commercial Code as in effect in the State of Delaware and, to the extent permitted by applicable law, each other applicable jurisdiction.” This provision shall not be amended, and any purported amendment to this provision shall not take effect, until all outstanding certificates have been surrendered for cancellation.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Intelsat Subsidiary (Gibraltar) LTD)

AutoNDA by SimpleDocs

Article 8 Opt-In. The Company hereby irrevocably elects that all interests in the Company shall be securities governed by Article 8 of the Uniform Commercial Code as in effect in the State of Delaware and each other applicable jurisdiction. Any certificate evidencing membership interests in the Company shall bear the following legend: “This certificate evidences an interest in Intelsat USA Sales License Holdings LLC and shall be a security governed by Article 8 of the Uniform Commercial Code as in effect in the State of Delaware and, to the extent permitted by applicable law, each other applicable jurisdiction.” This provision shall not be amended, and any purported amendment to this provision shall not take effect, until all outstanding certificates have been surrendered for cancellation.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Intelsat Subsidiary (Gibraltar) LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.