Patronage Distributions. Following the Effective Time and within the time period required by the various provisions of the Code, the Surviving Entity will make patronage distributions to the former members of each party based on patronage transactions with the respective parties during each party's respective fiscal year or portion thereof immediately preceding the Effective Time. The patronage distributions shall be in the form of cash and equity credits in a manner consistent with the previous patronage distributions of each party (and in the case of equity credits, in the form of Class A Units or Class B units of LLC, as appropriate).
Patronage Distributions. 13 Section 7.03 1996 Loss Payable ............................................ 13 Section 7.04 Indemnification; Directors' and Officers' Insurance .......... 13 ARTICLE VIII TERMINATION ............................................................... 14 Section 8.01
Patronage Distributions. Following the Effective Time and within the time period required by Subchapter T of the Code, the Surviving Entity will make patronage allocations to the former members of each party (a) based on patronage transactions with the respective parties during each party's respective fiscal year or portion thereof immediately preceding the Effective Time and (b) in accordance with the terms of the bylaws of the party that are in effect during the period such patronage transaction occurred. The distributions of such allocation shall be in the form of cash and equity credits in a manner consistent with the previous patronage distributions of each party.
Patronage Distributions. (a) Patronage shall be distributed [50%] in cash and [50%] to each individual Member Account unless different proportions are approved by the Members within 8.5 months of the Fiscal Year's close, except that in no case will a Qualified Written Notice of Allocation exceed by more than a factor of [4] the required related cash distribution. Each Member shall receive a written notice of allocation reflecting distributions to such Member's account.
Patronage Distributions. SECTION 8.1.
Patronage Distributions. Notwithstanding any other provision in this Agreement or any other Loan Document to the contrary, (a) all Obligations owing to a Lender that is a Farm Credit Lender that are retained by such Lender for its own account and are not part of a sale of a participation interest or the assignment of any rights or obligations under the Loan Documents shall be entitled to patronage distributions in accordance with the bylaws of such Lender and its practices and procedures related to patronage distributions; and (b) any Obligations owing to a Lender that is a Farm Credit Lender that are not retained by such Farm Credit Lender for its own account and are part of a sale of a participation interest or the assignment of any rights or obligations under the Loan Documents shall not be entitled to any such patronage distributions.
Patronage Distributions. 26 Section 6.03 Indemnification of Former Officers; Insurance..............26 ARTICLE VII
Patronage Distributions. 26 Section 6.03...Indemnification of Former Officers; Insurance 26 ARTICLE VIITERMINATION.........................................27 Section 7.01........................Termination of Agreement 27 Section 7.02...........................Effect of Termination 27
Patronage Distributions. 30 SECTION 10.1.
Patronage Distributions. Notwithstanding any other provision in this Agreement or any other Loan Document to the contrary (but subject to any applicable right of setoff and any other applicable rights and remedies of the Lender Parties and any purchaser of a participation): (a) all Obligations owing to a Lender that is a Farm Credit Lender that are retained by such Lender for its own account and are not part of a sale of a participation interest or the assignment of any rights or obligations under the Loan Documents shall be entitled to patronage distributions to the Borrower in accordance with the bylaws of such Lender and its practices and procedures related to patronage distributions; and (b) any Obligations owing to a Lender that is a Farm Credit Lender that are not retained by such Farm Credit Lender for its own account and are part of a sale of a participation interest or the assignment of any rights or obligations under the Loan Documents shall not be entitled to any such patronage distributions.
