Membership capital definition

Membership capital means the funds of a cooperative association derived from members of the cooperative association generally as a requirement of membership or in lieu of patronage dividends. The term does not include deposits or loans from members.
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Membership capital means that capital paid to a nonstock association by a member in order to be a member and have the rights of membership in the association.
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Membership capital means those funds of the association derived from the members generally either as a requirement of membership or in lieu of patronage dividends. Deposits and loans from members shall not be construed as "membership capital."
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Examples of Membership capital in a sentence

  • Membership capital funds may be in the form of a term cer- tificate or an adjusted balance account.(2) Disclosure.

  • Upon the death of a Member holding a Joint Membership, capital credits shall be paid to any of the remaining Joint Members.

  • Membership capital is refundable to owners, by request, upon termination of their ownership, pro- vided that the total membership capital remaining is adequate to meet current and projected needs of the Co-op as determined by the Board of Directors and subject to offset by any debt owed by the owner to the Co-op.

  • Membership capital is refundable to owners, by request, upon termination of their ownership, provided that the total membership capital remaining is adequate to meet current and projected needs of the Co-op as de- termined by the Board of Directors and subject to offset by any debt owed by the owner to the Co-op.

  • Membership capital including capital provided by way of member loans or investment shares must be returned to withdrawing members, or in the case of dissolution, to members at the time of dissolution, subject to the ability of the cooperative to pay as set out in the act.There is no provision in the act requiring or permitting that contributions to the cooperative be tied to the proportional volume of transactions.

  • Membership capital (including accrued patronage refunds) shall be refundable by the Cooperative at its purchase price when funds permit – based on a business decision by the Board of Directors.

  • Membership capital maynot be released due solely to the merger, charter conversion or liquidation of a member credit union.

  • Membership capital has beenthe most utilized source of additional capital for corporates.The regulation allows for anadjustment period during which the membership capital account can be adjusted in relation to a specificmeasure.

  • Membership capital is refundable to owners, by request, upon termination of their ownership, provided that the total member- ship capital remaining is adequate to meet current and projected needs of the Co-op as determined by the Board of Directors and subject to offset by any debt owed by the owner to the Co-op.

  • Membership capital should always amount to at least one third of total capital requirements.

Related to Membership capital

  • Membership Card means a card issued by the Club to indicate membership of a Membership Scheme.

  • Unit Capital means the aggregate of the face value of units issued under the scheme and outstanding for the time being.

  • Net Capital as used in this rule, shall mean the difference between total assets and total indebtedness, as determined by generally accepted accounting principles, consistently applied, and thereafter adjusted pursuant to paragraph (K)(2) of this rule.

  • Membership Units means the limited liability company interests in the Company held by the Members, expressed as a number of units held by each Member and set forth opposite such Member's name on Schedule I attached hereto, as amended, modified or supplemented from time to time.

  • CD&R Investors means, collectively, (i) CD&R Fund VIII, (ii) CD&R Friends & Family Fund VIII, L.P., a Cayman Islands exempted limited partnership, and any successor in interest thereto, and (iii) any Affiliate of any CD&R Investor identified in clauses (i) and (ii) of this definition.

  • Contributed Capital means, with respect to a Common Unitholder holding Capital Commitments, the aggregate amount of capital contributions from such Common Unitholder’s Capital Commitments that have been funded by such Common Unitholder to purchase Units. For the avoidance of doubt, Contributed Capital will not take into account distributions of the Fund’s investment income (i.e., proceeds received in respect of interest payments, dividends or fees, net of expenses) to the investors. Following the Investment Period, the Adviser may issue Drawdown Notices, and Common Unitholders will be required to make Drawdown Purchases, for the purposes described in Section 4.1(b).

  • PIPE Investors means those certain investors participating in the PIPE Investment pursuant to the Subscription Agreements.

  • Equity Capital means capital invested in common or preferred stock, royalty rights, limited partnership interests, limited liability company interests, or any other security or rights that evidence ownership in a private business.

  • Minimum capital or "minimum required capital" means the capital that must be constantly maintained by a stock insurance corporation as required by statute.

  • Partnership Percentage means a percentage established for each partner on the Partnership' books as of the first day of each Fiscal Period. The Partnership Percentage of a Partner for a Fiscal Period shall be determined by dividing the amount of the Partner's capital account as of the beginning of the Fiscal Period by the sum of the capital accounts of all of the Partners as of the beginning of the fiscal Period. The sum of the Partnership Percentage for each fiscal Period shall equal one hundred percent (100%).

  • Carlyle means Carlyle Investment Management, LLC.

  • Qualified Capital Interests in any Person means a class of Capital Interests other than Redeemable Capital Interests.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Blackstone means Blackstone Capital Partners V L.P. and its Affiliates.

  • SLP means Silver Lake Management Company III, L.L.C., Silver Lake Management Company IV, L.L.C. and their respective affiliated management companies and investment vehicles.

  • Membership Unit means a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Capital investment means an investment in real property, personal property, or both, at a

  • BRS means Behavior Rehabilitation Services.

  • CET1 Capital means at any time, the common equity tier 1 capital of Banco Santander or the Group, respectively, as calculated in accordance with Chapter 2 (Common Equity Tier 1 Capital) of Title I (Elements of own funds) of Part Two (Own Funds and Eligible Liabilities) of the CRR and/or Applicable Banking Regulations at such time, including any applicable transitional, phasing in or similar provisions.

  • Membership means the definition of that term under section 6 as in effect for the particular fiscal year for which a particular calculation is made.

  • Warburg Pincus CS", "CSAM", "Credit Suisse" or "Credit Suisse Warburg Pincus".

  • Charter Capital means the amount of capital contributed by all Shareholders and mentioned in Article 5 of this Charter.

  • Warburg means Warburg Pincus Private Equity VIII, L.P.

  • Management Investors means the officers, directors and employees of Holdings, the Borrower and the Subsidiaries who become investors in Holdings or any of its Parent Entities or in the Borrower.