Uncertificated Security Sample Clauses
The Uncertificated Security clause defines the treatment and handling of securities that are not represented by a physical certificate. Instead, ownership and transfer of these securities are recorded electronically, typically through a central registry or book-entry system. This clause outlines the procedures for recognizing ownership, transferring interests, and addressing issues such as lost or stolen certificates, which are not applicable in this context. Its core function is to facilitate efficient, secure, and paperless management of securities, reducing administrative burdens and risks associated with physical certificates.
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Uncertificated Security. Other terms used in this Agreement that are defined in the UCC and not otherwise defined herein or in the Credit Agreement have the meanings specified in the UCC, unless the context otherwise requires.
Uncertificated Security. The term Uncertificated Security shall mean a Security that is not represented by a physical certificate, other than such Security that is held in a Securities Depository.
Uncertificated Security. The entire partnership interest of Cogen Technologies Camden, Inc. in the undersigned partnership (the "General Partner"), including without limitation all of the following property now owned or at any time hereafter acquired by the Pledgor or in which the Pledgor now has or at any time in the future may acquire any rights, title or interest:
(i) all right, title and interest of the Pledgor in the General Partner;
(ii) any and all moneys due and to become due to the Pledgor now or in the future by way of a distribution made to the Pledgor in its capacity as a partner of the General Partner;
(iii) any and all moneys due or to become due to the Pledgor now or in the future by virtue of the Pledgor's interest as a partner in the General Partner;
(iv) any other property of the General Partner to which the Pledgor now or in the future may be entitled in its capacity as a partner of the General Partner by way of distribution, return of capital or otherwise;
(v) any other claim which the Pledgor now has or may in the future acquire in its capacity as a partner of the General Partner against the General Partner and its property; and
(vi) to the extent not otherwise included, all Proceeds of any or all of the foregoing.
Uncertificated Security. No Credit Party shall take any action or permit any action to be taken that would cause or be reasonably likely to cause Guarantor’s or any Subsidiary’s shares, equity interests, security, membership interests, limited liability company interests or similar interests to become “certificated” or be treated as a “certificated security”. Each Credit Party agrees that any such attempt to cause any such equity interests, security, membership interests, limited liability company interests or similar interests to become “certificated” or be treated as a “certificated security” in violation of the terms of this Section 6.7 shall be void ab initio.
Uncertificated Security. The entire limited partnership interest of Panda Energy Corporation in the undersigned partnership.
Uncertificated Security. The Membership Interests are “uncertificated securities” (as defined in Section 8-102(a)(18) of the UCC). The Borrower LLC Agreement does not expressly provide that the Membership Interests are securities governed by Article 8 of the Uniform Commercial Code in effect from time to time in any applicable jurisdiction, including the “issuer’s jurisdiction” (as such term is defined in the UCC) of the Borrower.
Uncertificated Security. The entire general partnership interest of Panda Brandywine Corporation in the undersigned partnership.