Common use of Interest as a Security Clause in Contracts

Interest as a Security. A membership interest of a ---------------------- Member 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 jurisdiction in its capacity as the issuer of membership interests of a Member in the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Tioxide Americas Inc), Limited Liability Company Agreement (Tioxide Americas Inc)

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Interest as a Security. A membership interest of a ---------------------- Member Unit 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 jurisdiction in its capacity as the issuer of membership interests of a Member in the CompanyUnits.

Appears in 2 contracts

Samples: Operating Agreement (Chesapeake Corp /Va/), Operating Agreement (Georgia Pacific Corp)

Interest as a Security. A membership interest of a ---------------------- Member in the Company Common Unit 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 membership interests of a Member in the CompanyCommon Units.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Tioxide Americas (Holdings) LLC)

Interest as a Security. A membership interest of a ---------------------- Member 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 jurisdiction in its capacity as the issuer of membership interests of a Member in the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Huntsman International LLC)

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Interest as a Security. A membership interest of a ---------------------- Member Unit in the Company evidenced by a Certificate 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 the State of Delaware or any other applicable jurisdiction. The Laws of the State of Delaware law shall constitute the local law of the Company's jurisdiction in its capacity as the issuer of membership interests of a Member in the CompanyUnits.

Appears in 1 contract

Samples: Operating Agreement (Metaldyne Corp)

Interest as a Security. A membership interest of a ---------------------- Member in the Company Common Unit 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 jurisdiction in its capacity as the issuer of membership interests of a Member in the CompanyCommon Units.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Huntsman Advanced Materials LLC)

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