Membership Interests; Certificates. The Company will not issue any certificates to evidence ownership of the membership interests.
Membership Interests; Certificates. The Member owns 100% of the membership interests in the Company. The Company will not issue any certificates to evidence ownership of the membership interests.
Membership Interests; Certificates. To the extent permitted by the Act, notwithstanding any showing that distributions under a charging order upon any economic interest of the LLC will not pay the amount owed to the creditor within a reasonable time, no economic interest in the LLC shall be subject to foreclosure. The LLC will not issue any certificates to evidence ownership of the membership interests.
Membership Interests; Certificates. The Company may at its election issue certificates to evidence ownership of the membership interests.
Membership Interests; Certificates. The Company will not issue a certificate to evidence ownership of the Member’s limited liability company interest in the Company (the “Interest”).
Membership Interests; Certificates. The Company is hereby authorized, but is not required, to issue certificates representing the ownership of Membership Interests in the Company in accordance with the Act.
Membership Interests; Certificates. Each member's interest in the Company shall be specified on the Schedule of Members attached hereto as ------------------- Exhibit A, and identified and held as units of membership interests of the ---------- Company ("Units"). The Company shall issue certificates for such Units to ----- each member of the Company in a form determined by the Company, and such Units shall be "securities," as defined in Article 8, Section 8-102(a)(15) of the Uniform Commercial Code as adopted and in effect in the State of Delaware, and shall be governed by such Article in all respects.
Membership Interests; Certificates. The Company will not issue any certificates to evidence ownership of the membership interests. So long as any pledge of any membership interests is in effect, the Company shall not elect to have membership interests in the Company be securities governed by Article 8 of the Uniform Commercial Code as in effect in the State of Delaware and each other applicable jurisdiction. So long as any pledge of any membership interests is in effect, this Section 15 shall not be amended and any purported amendment to this provision shall not take effect until all security interest granted in any membership interest of the Company have been terminated.
Membership Interests; Certificates. Each membership interest in the Company shall be a security governed by Article 8 of the Uniform Commercial Code of the State of Delaware, 6 Del. C. § I - 10 1 et seq., and shall be represented by a certificate. Each certificate representing a membership interest in the Company now or hereafter held by a Member shall be stamped with a legend in substantially the following form: “The Membership Interest represented by this Certificate has not been registered under the Securities Act of 1933, as amended, or any applicable state securities laws. No transfer or other disposition of such Membership Interest may be made in the absence of an effective registration statement for such Membership Interest under the Securities Act of 1933 or an opinion of legal counsel satisfactory to counsel of VoiceStream PCS Holding L.L.C. that registration is not required under said act. Reference is also made to the Limited Liability Company Agreement entered into by the registered owner concurrently with or prior to the issuance of this Certificate which should be referred to for additional restrictions on the transferability of the Membership Interest represented hereby.”
Membership Interests; Certificates. The Member's membership interests in the Company shall be certificated and in registered form within the meaning of Article 8 of the Uniform Commercial Code and substantially in the form attached hereto as Exhibit A.
