Common use of Certificates Evidencing Interests Clause in Contracts

Certificates Evidencing Interests. It is not the intention to issue the Members certificates evidencing their Membership Units. However, the Company may issue to every Member of the Company a certificate signed by the Manager specifying the Interest of such Member. If a certificate for registered interests is worn out or lost, it may be renewed on production of the worn-out certificate or on satisfactory proof of its loss together with such indemnity as may be required by a resolution of the Manager.

Appears in 4 contracts

Sources: Operating Agreement (Shasta Power Fund II, LLC), Operating Agreement (Shasta Power Fund II, LLC), Operating Agreement (Shasta Power Fund II, LLC)

Certificates Evidencing Interests. It is The Company does not the intention intend to issue certificates to the Members certificates evidencing for their Membership Unitsinterests in the Company. However, The Company reserves the Company may right to issue to every Member of the Company a certificate signed by the Manager of the Company specifying the Interest of such Member. If a certificate for registered interests is worn out or lost, it may be renewed on production of the worn-out certificate or on satisfactory proof of its loss together with such indemnity as may be required by a resolution of the Manager.. BENCHMARK REAL ESTATE FUND 6 OPERATING AGREEMENT

Appears in 1 contract

Sources: Operating Agreement (Benchmark Real Estate Investment Fund, LLC)

Certificates Evidencing Interests. It is The Company does not the intention intend to issue certificates to the Members certificates evidencing for their Membership Unitsinterests in the Company. However, The Company reserves the Company may right to issue to every Member of the Company a certificate signed by the Manager of the Company specifying the Interest of such Member. If a certificate for registered interests is in worn out or lost, it may be renewed on production of the worn-out certificate or on satisfactory proof of its loss together with such indemnity as may be required by a resolution of the Manager.

Appears in 1 contract

Sources: Operating Agreement (Xiv-I Invest 1, LLC)

Certificates Evidencing Interests. It is The Company does not the intention intend to issue certificates to the Members certificates evidencing for their Membership Unitsinterests in the Company. However, The Company reserves the Company may right to issue to every Member of the Company a certificate signed by the Manager of the Company specifying the Interest of such Member. If a certificate for registered interests is worn out or lost, it may be renewed on production of the worn-out certificate or on satisfactory proof of its loss together with such indemnity as may be required by a resolution of the Manager.

Appears in 1 contract

Sources: Operating Agreement (Benchmark Real Estate Investment Fund, LLC)