Common use of Interest as a Security Clause in Contracts

Interest as a Security. A 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 Utah or any other applicable jurisdiction. Utah law shall constitute the local law of the Company’s jurisdiction in its capacity as the issuer of Common Units.

Appears in 5 contracts

Samples: Operating Agreement (Huntsman Surfactants Technology Corp), Operating Agreement (Huntsman Surfactants Technology Corp), Operating Agreement (Huntsman Surfactants Technology Corp)

AutoNDA by SimpleDocs

Interest as a Security. A 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 Utah or any other applicable jurisdiction. Utah Delaware law shall constitute the local law of the Company’s jurisdiction in its capacity as the issuer of Common Units.

Appears in 1 contract

Samples: Operating Agreement (Tioxide Americas (Holdings) LLC)

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