Membership Interests; Certificates. The Company will not issue any certificates to evidence ownership of the membership interests. So long as any pledge of any membership interests is in effect, the Company shall not elect to have membership interests in the Company be securities governed by Article 8 of the Uniform Commercial Code as in effect in the State of Delaware and each other applicable jurisdiction. So long as any pledge of any membership interests is in effect, this Section 15 shall not be amended and any purported amendment to this provision shall not take effect until all security interest granted in any membership interest of the Company have been terminated.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (T. Rowe Price OHA Private Credit Fund), Limited Liability Company Agreement (Kayne Anderson BDC, LLC)