BASE CAPITAL PLAN Sample Clauses

BASE CAPITAL PLAN. For the purposes of acquiring and maintaining adequate capital to finance the business of this Cooperative, the Board may establish a Base Capital Plan. The Plan may provide a mechanism for determining this Cooperative's total capital requirements and each member's or patron's share thereof (the base capital requirement). As part of the Plan, the Board may, in its discretion, provide for redemption of capital held by members or patrons in excess of their base capital requirements and may provide a mechanism under which the cash portion of the patronage refund payable to members or patrons will depend upon the degree to which such members or patrons meet their base capital requirements. Such Plan may be amended or modified from time to time or suspended by the Board as it deems fit.