Common use of Type of organization Clause in Contracts

Type of organization. with respect to any Person, the kind or type of entity by which such Person is organized, such as a corporation or limited liability company. UCC – the Uniform Commercial Code as in effect in the State of Illinois on the date of this Agreement, as it may be amended or otherwise modified. Unused Line Fee – as defined in Section 2.5 of the Agreement. Voting Stock – Securities of any class or classes of a corporation, limited partnership or limited liability company or any other entity the holders of which are ordinarily, in the absence of contingencies, entitled to vote with respect to the election of corporate directors (or Persons performing similar functions).