Certificates for Interests Sample Clauses

The "Certificates for Interests" clause establishes the process by which formal certificates are issued to represent ownership interests in an entity, such as shares in a company or units in a partnership. Typically, this clause outlines the form, issuance, and transferability of these certificates, and may specify procedures for replacing lost or destroyed certificates. Its core practical function is to provide clear, tangible evidence of ownership, thereby facilitating the transfer of interests and reducing disputes over who holds legal title.
Certificates for Interests. The Interests of LLC shall be represented by Certificates; provided, that the Board of Directors may provide by resolution or resolutions that some or all of any or all Interests of the classes or series of its Interests shall be uncertificated. Any such resolution shall not apply to Interests represented by a Certificate until such Certificate is surrendered to LLC. Notwithstanding the adoption of such a resolution by the Board of Directors, every holder of Interests represented by Certificates and upon request every holder of uncertificated Interests shall be entitled to have a Certificate signed by, or in the name of, LLC by the chairman of the Board of Directors, the vice chairman and chief executive officer, or the president or vice-president, and by the treasurer or an assistant treasurer, or the secretary or an assistant secretary of LLC representing the number of Interests registered in Certificate form. Any or all of the signatures on the Certificate may be a facsimile. In case any officer, transfer agent or registrar who has signed or whose facsimile signature has been placed upon a Certificate shall have ceased to be such officer, transfer agent or registrar before such Certificate is issued, it may be issued by LLC with the same effect as if he were such officer, transfer agent or registrar at the date of issue.
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Certificates for Interests. Every Member in the Company shall be entitled to have a certificate, signed by a Manager of the Company.
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Certificates for Interests. A Member’s ownership interest in the Company may, but need not, be represented by a Certificate of Units. Any such Certificate of Units, if applicable, shall bear the following legend: THE INTEREST REPRESENTED BY THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER ANY STATE SECURITIES LAWS, AND MAY NOT BE SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT AS PERMITTED UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR AN EXEMPTION THEREFROM. IN ADDITION, TRANSFER OR OTHER DISPOSITION OF THE INTEREST IS FURTHER RESTRICTED BY THE TERMS OF THE OPERATING AGREEMENT OF THE COMPANY, AS MAY BE AMENDED FROM TIME TO TIME.
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Related to Certificates for Interests

  • Certificates for Units (a) Certificates representing Units shall be in such form as may be determined by the Board. Such certificates shall be signed by the President or Vice President. The signature of such officer upon such certificates may be signed manually or by facsimile. All certificates for Units shall be consecutively numbered. The name of the person owning the Units represented thereby, with the number of Units and date of issue, shall be entered on the books of the Company. All certificates surrendered to the Company for transfer shall be canceled and no new certificates shall be issued until the former certificates for a like number of Units shall have been surrendered and canceled, except that, in case of a lost, destroyed or mutilated certificate, a new certificate may be issued therefor upon such terms and indemnity to the Company as the Board may prescribe. (b) A Unit in the Company evidenced by a certificate shall constitute a security governed by Article 8 of the Uniform Commercial Code. Each certificate evidencing membership interests in the Company shall bear the following legend: “This certificate evidences an interest in «Entity Name», LLC and shall be a security for purposes of Article 8 of the Uniform Commercial Code.” No change to this provision shall be effective until all outstanding certificates have been surrendered for cancellation and any new certificates thereafter issued shall not bear the foregoing legend.

  • Certificates Suitable for Transfer Certificates for all of the Securities to be sold by such Selling Shareholder pursuant to this Agreement, in suitable form for transfer by delivery or accompanied by duly executed instruments of transfer or assignment in blank with signatures guaranteed, have been placed in custody with the Custodian with irrevocable conditional instructions to deliver such Securities to the Underwriters pursuant to this Agreement.

  • CERTIFICATES FOR PAYMENT 9.4.1 The Architect will, within seven days after the receipt of the Contractor's completed Application for Payment, either issue a Certificate for Payment to the State, with a copy to the Contractor, for such amount as the Architect determines is properly due, or notify the Contractor in writing his or her reasons for withholding a Certificate as provided in Subparagraph 9.6.1

  • Delivery of Share Certificates for Escrow Securities The Escrow Agent will send to each Securityholder any share certificates or other evidence of that Securityholder’s escrow securities in the possession of the Escrow Agent released from escrow as soon as reasonably practicable after the release.