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.
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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.
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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.
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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.
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Uncertificated Security. The entire limited partnership interest of Panda Energy Corporation in the undersigned partnership.
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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.
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Uncertificated Security. The entire general partnership interest of Panda Brandywine Corporation in the undersigned partnership.
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Related to Uncertificated Security

  • Uncertificated Securities The Collateral Interest shall be delivered in uncertificated form.

  • Certificated Securities Except as provided in this Section 2.1 or Section 2.3 or 2.4, owners of beneficial interests in Restricted Global Securities shall not be entitled to receive physical delivery of certificated Securities.

  • Uncertificated Pledged Collateral Such Grantor will permit the Collateral Agent from time to time to cause the appropriate issuers (and, if held with a securities intermediary, such securities intermediary) of uncertificated securities or other types of Pledged Collateral owned by it not represented by certificates to ▇▇▇▇ their books and records with the numbers and face amounts of all such uncertificated securities or other types of Pledged Collateral not represented by certificates and all rollovers and replacements therefor to reflect the Lien of the Collateral Agent granted pursuant to this Security Agreement. With respect to any Pledged Collateral owned by it, such Grantor will take any actions necessary to cause (a) the issuers of uncertificated securities which are Pledged Collateral and (b) any securities intermediary which is the holder of any such Pledged Collateral, to cause the Collateral Agent to have and retain Control over such Pledged Collateral. Without limiting the foregoing, such Grantor will, with respect to any such Pledged Collateral held with a securities intermediary, cause such securities intermediary to enter into a control agreement with the Collateral Agent, in form and substance satisfactory to the Collateral Agent, giving the Collateral Agent Control.

  • Uncertificated Shares Notwithstanding anything else herein, to the extent permitted under applicable foreign, federal, state or provincial law, the Committee may, issue the Shares in the form of uncertificated shares. Such uncertificated shares of Restricted Stock shall be credited to a book entry account maintained by the Company (or its designee) on behalf of the Participant. If thereafter certificates are issued with respect to the uncertificated shares of Restricted Stock, such issuance and delivery of certificates shall be in accordance with the applicable terms of this Agreement.

  • Perfection of Uncertificated Securities Collateral Each Pledgor represents and warrants that subject to the filings and other actions described in Schedule 6 to the Perfection Certificate (to the extent required to be listed on the schedules to the Perfection Certificate as of the date this representation is made or deemed made) the Secured Party has a perfected first priority security interest (to the extent perfection may be achieved by filing such UCC financing statement) in all uncertificated Pledged Securities pledged by it hereunder that are in existence on the date hereof, subject only to Permitted Liens. Each Pledgor hereby agrees that if any of the Pledged Securities are at any time not evidenced by certificates of ownership, then each applicable Pledgor shall, to the extent permitted by applicable law, (i) cause or, in the case of an issuer that is not a Subsidiary of a Pledgor, use commercially reasonable efforts to cause, the issuer to execute and deliver to the Secured Party an acknowledgment of the pledge of such Pledged Securities substantially in the form of Exhibit 1 hereto or such other form that is reasonably satisfactory to the Secured Party, and (ii) if necessary or desirable to perfect a security interest in such Pledged Securities, cause or, in the case of an issuer that is not a Pledgor, use commercially reasonable efforts to cause, such pledge to be recorded on the equityholder register or the books of the issuer, execute any customary pledge forms or other documents necessary or appropriate to complete the pledge and give the Secured Party the right to transfer such Pledged Securities under the terms hereof.