Patronage Capital means all amounts in excess of operating costs and expenses which the Cooperative has allocated to its Patrons or his / her designee. As used herein, “Patronage Capital” shall also include Patronage Capital allocated to the Cooperative by Affiliated Organizations.
Patronage Capital means the amount of patronage capital dividends credited to the account of Seller at the NRTC for the period through the Closing Date pursuant to Article XII of the NRTC Bylaws, as amended.
Patronage Capital means all amounts in excess of operating costs and expenses, which the Corporation has allocated to its Members or his/her/its designee. As used herein, “Patronage Capital” shall also include Patronage Capital allocated and received by the Corporation by Affiliated Organizations.
Examples of Patronage Capital in a sentence
The Borrower shall, as of the end of any fiscal quarter of the Borrower, maintain Patronage Capital of at least $750,000,000900,000,000.
More Definitions of Patronage Capital
Patronage Capital means the combined Patronage Capital and Membership Fees from the Members, as shown in the applicable column on the “Statements of Patronage Capital and Membership Fees and Accumulated Other Comprehensive Margin” of the Borrower.
Patronage Capital means the capital credited to the capital accounts of patrons on the basis of patronage pursuant to the pre-existing obligation to do so in Section 10.02.03 of this Article X.
Patronage Capital means all amounts received by the Cooperative from sales of electric energy and distribution services related to such sales in excess of the cost of providing such sales and services and such other margins as may be designated and allocated as patronage capital by the Board.
Patronage Capital means the combined Patronage Capital and Membership Fees from the Members, as shown in the applicable column on the “Statements of Patronage Capital and Membership Fees and Accumulated Other Comprehensive Margin” of the Borrower. “Payment Recipient” has the meaning set forth in Section 9.12(a). “PBGC” means the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA and any successor thereto. “Periodic Term SOFR Determination Day” has the meaning specified in the definition of “Term SOFR” in this Section 1.1. 22 0000-0000-0000.14875-3923-5757.8
Patronage Capital means all amounts received by a distribution cooperative in excess of the distribution cooperative's cost of furnishing power.
Patronage Capital means the combined Patronage Capital and Membership Fees from the Members, as shown in the applicable column on the “Statements of Patronage Capital and Membership Fees and Accumulated Other Comprehensive Margin” of the Borrower. “PBGC” means the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA and any successor thereto. “Periodic Term SOFR Determination Day” has the meaning specified in the definition of “Term SOFR”. “Pension Plan” means each Plan which is a Single Employer Plan, a Multiple Employer Plan, or a Multiemployer Plan. “Person” means any individual, partnership, joint venture, firm, corporation, association, trust, limited liability company or other enterprise (whether or not incorporated), or any government or political subdivision or any agency, department or instrumentality thereof. “Plan” means any employee benefit plan (as defined in Section 3(3) of ERISA) which is covered by ERISA and with respect to which the Borrower or any ERISA Affiliate is (or, if such plan were terminated at such time, would under Section 4069 of ERISA be deemed to be) an “employer” within the meaning of Section 3(5) of ERISA.