Certificated Membership Interests. 55 14.1 Membership Interest Certificates...............................55 14.2
Certificated Membership Interests. 14.1 Membership Interest Certificates. (a) Certificates ("MEMBERSHIP INTEREST CERTIFICATES") evidencing the Membership Interests shall be in the form attached as Exhibit C. The Company shall issue to each Member a Membership Interest Certificate certifying its Membership Interest (and the class and Sharing Ratio of such Membership Interest) held by such Member. Membership Interest Certificates shall be consecutively numbered and shall be entered in the books and records of the Company as they are issued and shall exhibit the holder's name, and each Membership Interest Certificate shall bear a restrictive legend as required in Section 14.2 below.
Certificated Membership Interests. The Company shall, upon the request of the Member, issue a certificate to the Member, executed by an officer of the Company authorized by the Member hereto, representing such Member’s membership interest. Any such certificate representing the Member’s membership interest shall be deemed a “security” as defined in Section 8-102(a)(15) of the Uniform Commercial Code as in effect in the State of Delaware from time to time.
Certificated Membership Interests. 56 14.1. Entitlement to Certificates..........................................56 14.2. Multiple Classes of Interest.........................................56 14.3. Signatures...........................................................57 14.4. Issuance and Payment.................................................57 14.5.
Certificated Membership Interests. The Company shall, upon the request of the Member, issue a certificate to the Member, executed by an officer of the Company authorized by the Member hereto, representing such Member’s membership interest. Any such certificate representing the Member’s membership interest shall be deemed a “security” as defined in Section 8-102(a)(15) of the Uniform Commercial Code as in effect in the State of Wisconsin from time to time.
Certificated Membership Interests. The Company shall, upon the request of the Member, issue a certificate to the Member, executed by an officer of the Company authorized by the Member hereto, representing such Member’s membership interest. Any such certificate representing the Member’s membership interest shall be deemed a “security” as defined in Section 8-102(a)(15) of the Uniform Commercial Code as in effect in the State of Oklahoma from time to time.
Certificated Membership Interests. The Company shall, upon the request of the Member, issue a certificate to the Member, executed by an officer of the Company authorized by the Member hereto, representing such Member’s membership interest. Any such certificate representing the Member’s membership interest shall be deemed a “security” as defined in Section 8-102(a)(15) of the Uniform Commercial Code as in effect in the State of Georgia from time to time.
Certificated Membership Interests. The Company shall, upon the request of the Member, issue a certificate to the Member, executed by an officer of the Company authorized by the Member hereto, representing such Member’s membership interest. Any such certificate representing the Member’s membership interest shall be deemed a “security” as defined in Section 8-102(a)(15) of the Uniform Commercial Code as in effect in the State of Pennsylvania from time to time.
Certificated Membership Interests. At the Closing, in addition to the deliveries required by Section 7(b) of the Purchase and Sale Agreement, Option Grantor hereby agrees to deliver an amendment to each of the operating agreements for the each of the Companies that contain provisions suitable for, and allowing for, the issuance of certificated Membership Interests in each respective Company, and a copy of the certificate evidencing the Membership Interest in each Company. The Third Party Buyer wishes to obtain an Eagle 9 UCC Insurance Policy issued by the Title Company (the “UCC Policy”) for the Third Party Buyer’s ownership of the Membership Interests in form and substance reasonably satisfactory to Third Party Buyer, in the full amount of the Purchase Price, containing such endorsements as Third Party Buyer may reasonably require, and insuring that the Membership Interests are owned by Buyer and are not subject to any liens, encumbrances or other adverse interests. Option Grantor hereby agrees to cooperate with any reasonable requirements imposed by the Title Company in connection with the issuance of such a UCC Policy, provide that as the result of such cooperation, Option Grantor shall not be required to incur any costs, assume or incur any liabilities or obligations, make any representations or warranties, or fulfill any requirement that are capable of being satisfied by the Third Party Buyer. The costs of obtaining the UCC Policy shall be paid for by Third Party Buyer.
Certificated Membership Interests
