Common use of Interest as a Security Clause in Contracts

Interest as a Security. An Interest in the Company shall constitute a security for all purposes of Article 8 of the Uniform Commercial Code promulgated by the National Conference of Commissioners on Uniform State Laws, as in effect in Delaware or any other applicable jurisdiction. Delaware law shall constitute the local law of the Company’s jurisdiction in its capacity as the issuer of Interests.

Appears in 6 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (PennyMac Financial Services, Inc.), Limited Liability Company Agreement (ZAIS Group Holdings, Inc.)

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Interest as a Security. An Interest interest in the Company Trust evidenced by a Certificate shall constitute a security for all purposes of Article 8 of the Uniform Commercial Code promulgated by the National Conference of Commissioners on Uniform State Laws, as in effect in Delaware or any other applicable jurisdiction. Delaware law shall constitute the local law of the Company’s Trust's jurisdiction in its capacity as the issuer of Trust Interests.. ARTICLE VII

Appears in 1 contract

Samples: Voting Agreement and Irrevocable Proxy (HMP Equity Holdings CORP)

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Interest as a Security. An Interest in the Company evidenced by a Certificate shall constitute a security for all purposes of Article 8 of the Uniform Commercial Code promulgated by the National Conference of Commissioners on Uniform State Laws, as in effect in Delaware or any other applicable jurisdiction. Delaware law shall constitute the local law of the Company’s 's jurisdiction in its capacity as the issuer of Interests.

Appears in 1 contract

Samples: Adoption Agreement (Huntsman Advanced Materials (UK) LTD)

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