Common use of Patronage Payments Clause in Contracts

Patronage Payments. All claims by members for cash payments of patronage dividends, revolvements and redemptions under applicable laws, including bankruptcy, insolvency, receivership or similar laws now or hereafter in effect, are claims in respect of equity interests and will rank junior in right of payment to all obligations under this Agreement, the Indenture, the Securities and the Exchange Securities.

Patronage Payments. All claims by members for cash payments of patronage dividends, revolvements and redemptions under applicable laws, including bankruptcy, insolvency, receivership or similar laws now or hereafter in effectthe Bankruptcy Code and Rules, are claims in respect of equity interests and will rank junior in right of payment to all obligations Obligations under this Agreement, the Indenture, the Securities and the Exchange Securities.

Patronage Payments. All claims by members for cash payments of patronage dividends, revolvements and redemptions under applicable laws, including bankruptcy, insolvency, receivership or similar laws now or hereafter in effectthe U.S. Bankruptcy Code and Rules, are claims in respect of equity interests and will rank junior in right of payment to all obligations Obligations under this Agreement, the Indenture, the Securities and the Exchange Securities.