Certification of Limited Liability Company Interests and Limited Partnership Interests. No interest of any Grantor in any limited liability company or limited partnership which is a Subsidiary and pledged hereunder is represented by a certificate. The Grantors shall not, without the consent of the Administrative Agent, agree to any amendment of the certificate of formation or limited liability company agreement (or other comparable constituent document) governing Pledged Stock which has the effect of turning previously uncertificated capital stock or membership interests into certificated capital stock or membership interests or which elects to treat any membership interest that is part of the Pledged Stock as a “security” under Section 8-103 of the New York UCC.
Appears in 12 contracts
Samples: First Lien Guarantee and Collateral Agreement (STR Holdings (New) LLC), First Lien Guarantee and Collateral Agreement (STR Holdings LLC), Second Lien Guarantee and Collateral Agreement (STR Holdings, Inc.)
