Common use of Patronage Payments Clause in Contracts

Patronage Payments. Borrowers acknowledge and agree that: (i) only that portion of the Loans represented by CoBank's Pro Rata Share which is retained by CoBank for its own account is entitled to patronage distributions in accordance with CoBank's bylaws and its practices and procedures related to patronage distribution; and (ii) any patronage, or similar payments to which Borrowers are entitled on account their ownership of CoBank Equity Interests or otherwise will not be based on any portion of CoBank's interest in the Loans in which CoBank has at any time granted a participation interest.

Patronage Payments. Borrowers acknowledge Borrower acknowledges and agree agrees that: (ia) only that portion of the Loans Loan represented by CoBank's ’s Individual Term Loan Pro Rata Share which is retained by CoBank for its own account is entitled to patronage distributions in accordance with CoBank's ’s bylaws and its practices and procedures related to patronage distribution; and (iib) any patronage, or similar similar, payments to which Borrowers are Borrower is entitled on account their its ownership of CoBank Bank Equity Interests or otherwise will not be based on any portion of CoBank's ’s interest in the Loans in which CoBank has at any time granted a participation interest.

Patronage Payments. Borrowers acknowledge Borrower acknowledges and agree agrees that: (ia) only that portion of the Loans Loan represented by CoBank's Individual 364-Day Pro Rata Share and/or CoBank's Individual 3-Year Pro Rata Share which is retained by CoBank for its own account is entitled to patronage distributions in accordance with CoBank's bylaws and its practices and procedures related to patronage distribution; and (iib) any patronage, or similar similar, payments to which Borrowers are Borrower is entitled on account their its ownership of CoBank Bank Equity Interests or otherwise will not be based on any portion of CoBank's interest in the Loans in which CoBank has at any time granted a participation interest.

Patronage Payments. Borrowers acknowledge Borrower acknowledges and agree agrees that: (ia) only that portion of the Loans Loan represented by CoBank's ’s Individual Pro Rata Share which is retained by CoBank for its own account is entitled to patronage distributions in accordance with CoBank's ’s bylaws and its practices and procedures related to patronage distribution; and (iib) any patronage, or similar similar, payments to which Borrowers are Borrower is entitled on account their its ownership of CoBank Bank Equity Interests or otherwise will not be based on any portion of CoBank's ’s interest in the Loans in which CoBank has at any time granted a participation interest.

Patronage Payments. Borrowers acknowledge Borrower acknowledges and agree agrees that: (ia) only that portion of the Loans represented by CoBank's Pro Rata Share which is Term Loan retained by CoBank for its own account is entitled to patronage distributions in accordance with CoBank's bylaws and its practices and procedures related to patronage distribution; and (iib) any patronage, or similar similar, payments to which Borrowers are Borrower is entitled on account their its ownership of CoBank Equity Interests or otherwise will not be based on any portion of CoBank's interest in the Term Loans in which CoBank has at any time granted a participation interest.

Patronage Payments. Borrowers acknowledge Borrower acknowledges and agree agrees that: (ia) only that portion of the Loans represented by CoBank's Pro Rata ’s Syndication Share which is retained by CoBank for its own account is entitled to patronage distributions in accordance with CoBank's ’s bylaws and its practices and procedures related to patronage distribution; and (iib) any patronage, or similar similar, payments to which Borrowers are Borrower is entitled on account their its ownership of CoBank Equity Interests or otherwise will not be based on any portion of CoBank's interest in the Loans ’s Syndication Share in which CoBank has at any time granted a participation interest.

Patronage Payments. Borrowers acknowledge Borrower acknowledges and agree agrees that: (ia) only that portion of the Loans Loan represented by CoBank's ’s Individual 364-Day Pro Rata Share which is retained by CoBank for its own account is entitled to patronage distributions in accordance with CoBank's ’s bylaws and its practices and procedures related to patronage distribution; and (iib) any patronage, or similar similar, payments to which Borrowers are Borrower is entitled on account their its ownership of CoBank Bank Equity Interests or otherwise will not be based on any portion of CoBank's ’s interest in the Loans in which CoBank has at any time granted a participation interest.