Cooperative basis definition

Cooperative basis means that net savings, after payment of any investment dividends or after provision for separate funds has been made as required or authorized by law, the certificate of formation, or bylaws, are:
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Cooperative basis means the allocation of Cooperative earnings in proportion to the value in monetary terms of business done by a Patron with the Cooperative. While the Cooperative may conduct business with nonmembers on a Cooperative Basis or on another basis, it is anticipated that the Cooperative will only do business on a Cooperative Basis with its members.
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Cooperative basis means the Cooperative principles enumerated in section 3 of this Act;
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Examples of Cooperative basis in a sentence

  • To establish safety, reliability and economic standards for interconnection and parallel operation of distributed generation that encourage the development of member-owned on-site electric generation facilities using renewable fuel sources designed primarily to offset the member’s electrical requirements while honoring the Cooperative’s obligation to provide electricity to all members on a Cooperative basis.

  • To encourage member investment in renewable energy resources, comply with the Public Utility Regulatory Policies Act (PURPA), enhance the continued diversification of Illinois’ energy resource mix and protect the Illinois environment through the use of renewable fuel sources, while honoring the Cooperative’s obligation to provide electricity to all members on a Cooperative basis, as required by the Illinois Not-for-Profit Act and Revenue Code Section 501(c)(12).

  • To encourage member investment in renewable energy resources, comply with Public Utility Regulatory Policies Act (PURPA), enhance the continued diversification of Illinois’ energy resource mix and protect the Illinois environment through the use of renewable fuel sources while honoring the Cooperative’s obligation to provide electricity to all members on a Cooperative basis as required by the Illinois Not-for- Profit Act and Internal Revenue Code Section 501 (c) (12).

  • To encourage member investment in renewable energy resources, comply with the Public Utility Regulatory Policies Act (PURPA), enhance the continued diversification of Illinois’ energy resource mix and protect the Illinois environment through the use of renewable fuel sources while honoring the Cooperative’s obligation to provide safe and reliable electricity to all members on a Cooperative basis as required by the Illinois Not-for-Profit Act and Revenue Code Section 501(c)(12).

  • To establish safety, reliability and economic standards for interconnection and parallel operation of distributed generation that encourage the development of member-owned on- site electric generation facilities using renewable fuel sources designed primarily to offsetthe member’s electrical requirements while honoring the Cooperative’s obligation to provide electricity to all members on a Cooperative basis.

  • To the maximum extent allowed by law, the Board of Directors shall have the discretion to expand the types of services provided to members and patrons on a Cooperative basis and to allocate and redeemcapital credits generated by such services.

  • The Cooperative may consolidate, merge with, or acquire an entity operating on a Cooperative basis that provides any good or service.

  • OBJECTIVE To establish safety, reliability and economic criteria for interconnection and parallel operation of distributed generation that encourage Member-Owned on-site electric generation facilities using renewable fuel sources designed primarily, but not exclusively, to offset the Member’s electrical requirements while honoring the Cooperative’s objective to provide equitably priced electricity to all Members on a Cooperative basis.

  • To encourage member investment in renewable energy resources, comply with the PublicUtility Regulatory Policies Act (PURPA), enhance the continued diversification of Illinois’ energy resource mix and protect the Illinois environment through the use of renewable fuel sources, while honoring the Cooperative’s obligation to provide electricity to all members on a Cooperative basis, as required by the Illinois Not-for-Profit Act and Revenue Code Section 501(c)(12).

  • To organise handloom weaving and other cottage industries in the State on Co-operative basis, the Assam Apex Weavers and Artisans Co-operative Federation Limited (ARTFED) procures raw material such as yarn, chemicals etc., and sell them to the affiliated societies.


More Definitions of Cooperative basis

Cooperative basis means the carrying on of an enterprise organized, operated and administered in accordance with the cooperative principles set out in section 4;
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Cooperative basis means the conduct of business for the mutual benefit of the members as. patrons.
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Cooperative basis means that net savings, after payment of any investment dividends or after provision for separate funds has been made as required or authorized by law,
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Cooperative basis means that the net savings after payment, if any, of investment dividends and after making provisions for separate funds required or specifically permitted by statute, articles, or by-laws is allocated or distributed to member patrons, or to all patrons, in proportion to their patronage or retained by the enterprise for the actual or potential expansion of its services, the reduction of
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Related to Cooperative basis

  • Negative Basis means, with respect to any Member and as of any time of calculation, the amount by which the Member’s “adjusted tax basis,” for U.S. federal income tax purposes, in the Member’s Interest in the Company as of that time (determined without regard to any adjustments made to the “adjusted tax basis” by reason of any Transfer or assignment of the Interest, including by reason of death, and without regard to such Member’s share of the liabilities of the Company under Section 752 of the Code) exceeds the value of its Interest as of such time. As used in this Section 5.9, the term “Negative Basis Member” means any Member whose Interest is repurchased by the Company and who has Negative Basis as of the effective date of the repurchase, but such Member shall cease to be a Negative Basis Member at such time as it shall have received allocations pursuant to clause (i) of paragraph (c) equal to its Negative Basis as of the effective date of such repurchase.

  • Substitute Basis has the meaning specified in Section 2.9(b).

  • Interest Rate Basis means the Base Rate or the Eurodollar Basis, as applicable.

  • Base Rate Basis means a simple interest rate equal to the sum of (i) the Base Rate and (ii) the Applicable Margin applicable to Base Rate Advances for the applicable Loans. The Base Rate Basis shall be adjusted automatically as of the opening of business on the effective date of each change in the Base Rate to account for such change, and shall also be adjusted to reflect changes of the Applicable Margin applicable to Base Rate Advances.

  • Individual Case Basis or "ICB" shall have the meaning set forth in Exhibit I.

  • Fee Basis Amount As of any date of determination, the sum of (a) the Collateral Principal Amount, (b) the Aggregate Principal Balance of all Defaulted Obligations and (c) the aggregate amount of all Principal Financed Accrued Interest.

  • Positive Basis means, with respect to any Partner and as of any time of calculation, the amount by which the total of the Partners’ Capital Accounts as of that time exceeds the Partner’s “adjusted tax basis,” for U.S. federal income tax purposes, in the Partner’s Units in the Partnership as of that time (determined without regard to any adjustments made to the “adjusted tax basis” by reason of any Transfer or assignment of Units, including by reason of death). As used in this Section 5.8, the term “Positive Basis Partner” means any Partner who or that withdraws from the Partnership and who or that has a Positive Basis as of the effective date of the Partner’s withdrawal. As used in this Section 5.8, the term “Negative Basis” means, with respect to any Partner and as of any time of calculation, the amount by which the Partner’s “adjusted tax basis,” for U.S. federal income tax purposes, in the Partner’s Units in the Partnership as of that time (determined without regard to any adjustments made to the “adjusted tax basis” by reason of any Transfer or assignment of Units, including by reason of death, and without regard to such Partner’s share of the liabilities of the Partnership under section 752 of the Code) exceeds the Partner’s Capital Account as of such time. As used in this Section 5.8, the term “Negative Basis Partner” means any Partner who or that withdraws from the Partnership and who or that has a Negative Basis as of the effective date of the Partner’s withdrawal.

  • Alternative Base Rate means the rate that has replaced LIBOR in customary market usage for determining floating interest rates in respect of bonds denominated in Dollars or, if the Independent Financial Adviser or the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner), as applicable, determines that there is no such rate, such other rate as the Independent Financial Adviser or the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner), as applicable, determines in its or the Issuer’s sole discretion is most comparable to LIBOR. If the Alternative Base Rate is determined, such Alternative Base Rate shall be the Alternative Base Rate for the remaining Interest Periods.

  • CMS Rate means the applicable swap rate for swap transactions in the Reference Currency with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Relevant Screen Page as at the Specified Time on the relevant Interest Determination Date in question, all as determined by the Calculation Agent.

  • Alternate Base Rate means, for any day, a rate per annum equal to the greater of (a) the Prime Rate in effect on such day and (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%. Any change in the Alternate Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective from and including the effective date of such change in the Prime Rate or the Federal Funds Effective Rate, respectively.

  • Eligible Basis has the meaning given to it in Section 42(d) of the Code.

  • Approved Pricing Service means a pricing or quotation service as set forth in Schedule 1.01(a) or any other pricing or quotation service approved by the Board of Directors of the Borrower and designated in writing to the Administrative Agent (which designation shall be accompanied by a copy of a resolution of the Board of Directors of the Borrower that such pricing or quotation service has been approved by the Borrower).

  • Pool Strip Rate With respect to each Mortgage Loan, a per annum rate equal to the excess of (a) the Net Mortgage Rate of such Mortgage Loan over (b) the Discount Net Mortgage Rate (but not less than 0.00%) per annum.

  • Corporate Base Rate means a rate per annum equal to the corporate base rate of interest announced by First Chicago from time to time, changing when and as said corporate base rate changes.

  • Designated country construction material means a construction material that is a WTO GPA country construction material, an FTA country construction material, a least developed country construction material, or a Caribbean Basin country construction material.

  • Minimum Lifetime Mortgage Rate The minimum level to which a Mortgage Interest Rate can adjust in accordance with its terms, regardless of changes in the applicable Index.

  • Alternate Base Rate Loan means a Loan which bears interest at the Alternate Base Rate or the Default Rate.

  • Approved program or approved State means a State administered NPDES program which has been approved or authorized by EPA under 40 CFR Part 123.

  • Alternate Base Rate Advance means an Advance which bears interest at the Alternate Base Rate.

  • Reasonable Basis means reasonable basis within the meaning of Section 6662(d)(2)(B)(ii)(II) of the Code and the Treasury Regulations promulgated thereunder (or such other level of confidence required by the Code at that time to avoid the imposition of penalties).

  • WTO GPA country construction material means a construction material that—

  • Excess Additional Book Basis has the meaning given such term in the definition of “Additional Book Basis Derivative Items.”

  • Maximum Lifetime Mortgage Rate The maximum level to which a Mortgage Interest Rate can adjust in accordance with its terms, regardless of changes in the applicable Index.

  • Reference method means any direct test method of sampling and analyzing for an air pollutant as specified in 40 CFR 60, Appendix A*.

  • Non-MERS Eligible Mortgage Loan Any Mortgage Loan other than a MERS Eligible Mortgage Loan.

  • Discount Net Mortgage Rate As defined in the Series Supplement.