Common use of CoBank Capital Plan Clause in Contracts

CoBank Capital Plan. Each party hereto acknowledges that CoBank’s Bylaws and Capital Plan (as each may be amended from time to time) shall govern (i) the rights and obligations of the parties with respect to the CoBank Equities (as hereinafter defined) and any patronage refunds or other distributions made on account thereof or on account of the Borrower’s patronage with CoBank, (ii) the Borrower’s eligibility for patronage distributions from CoBank (in the form of CoBank Equities and cash) and (iii) patronage distributions, if any, in the event of a sale of a participation interest.

Appears in 3 contracts

Samples: Incremental Facility Amendment (Graphic Packaging Holding Co), Incremental Facility Amendment (Graphic Packaging Holding Co), Incremental Facility (Graphic Packaging Holding Co)

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CoBank Capital Plan. (a) Each party hereto acknowledges that CoBank’s Bylaws the bylaws and Capital Plan capital plan (as each may be amended from time to time) of each Farm Credit Lender shall govern (i) the rights and obligations of the parties with respect to the CoBank Farm Credit Equities (as hereinafter defined) and any patronage refunds or other distributions made on account thereof or on account of the Borrower’s patronage with CoBanksuch Farm Credit Lender, (ii) the Borrower’s eligibility for patronage distributions from CoBank each Farm Credit Lender (in the form of CoBank Equities equities and cash) and (iii) patronage distributions, if any, in the event of a sale of a participation interest.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Seaboard Corp /De/)

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CoBank Capital Plan. (a) Each party hereto acknowledges that CoBank’s Bylaws the bylaws and Capital Plan capital plan (as each may be amended from time to time) of each Farm Credit Lender shall govern (i) the rights and obligations of the parties with respect to the CoBank Farm Credit Equities (as hereinafter defined) and any patronage refunds or other distributions made on account thereof or on account of the Borrower’s 's patronage with CoBanksuch Farm Credit Lender, (ii) the Borrower’s 's eligibility for patronage distributions from CoBank each Farm Credit Lender (in the form of CoBank Equities equities and cash) and (iii) patronage distributions, if any, in the event of a sale of a participation interest.

Appears in 1 contract

Samples: Credit Agreement (Seaboard Corp /De/)

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