Common use of Different and Separate Allocations Clause in Contracts

Different and Separate Allocations. As reasonable and fair, the Cooperative may allocate Capital Credits to classes of similarly situated Patrons under different manners, methods, and timing, provided the Cooperative allocates Capital Credits to similarly situated Patrons under the same manner, method, and timing. If the Cooperative is a member, patron, or owner of an Entity from which the Cooperative Uses a good or service in Providing a Cooperative Service and from which the Cooperative is allocated a capital credit or similar amount, then, as determined by the Board and consistent with this Bylaw, the Cooperative may separately identify and allocate to the Cooperative’s Patrons this capital credit or similar amount allocated by the Entity.

Appears in 3 contracts

Samples: Bylaws, Bylaws, Bylaws

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Different and Separate Allocations. As reasonable and fair, the Cooperative may allocate Capital Credits to classes of similarly situated Patrons Members under different manners, methods, and timing, provided the Cooperative allocates Capital Credits to similarly situated Patrons Members under the same manner, method, and timing. If the Cooperative is a member, patronmember, or owner of an Entity from which the Cooperative Uses a good or service in Providing a Cooperative Service and from which the Cooperative is allocated a capital credit or similar amount, then, as determined by the Board and consistent with this Bylaw, the Cooperative may separately identify and allocate to the Cooperative’s Patrons Members this capital credit or similar amount allocated by the Entity.

Appears in 1 contract

Samples: Bylaws

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