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Patronage Dividends definition

Patronage Dividends means patronage dividends actually made by the Borrower to its patrons pursuant to Article VII of the Bylaws.
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Patronage Dividends means "patronage dividends" as such term is defined in Section 1388(a) of the Code which Patronage Dividends may be excluded from taxable income pursuant to Section 1382(b) of the Code.
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Patronage Dividends means “allocations in proportion to patronage” as defined in the Act;
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Examples of Patronage Dividends in a sentence

  • At least twenty percent (20%) of any qualified payment of Patronage Dividends shall be paid in cash.

  • The Board of Directors may, in its discretion, determine to pay Patronage Dividends either all in a form that will be treated as a deductible qualified written notice of allocation within the meaning of section 1388(c) of the Internal Revenue Code of 1986, as amended (hereinafter referred to as the "IRC"), all in a form that will be treated as a nonqualified written notice of allocation within the meaning of section 1388(d) of the IRC, or part in qualified form and part in nonqualified form.

  • Shares of Preferred Stock shall be entitled to priority with respect to the declaration of dividends, relative to the declaration of Patronage Dividends, as prescribed in Section 5.3.5 these Bylaws.

  • Each individual or entity which becomes a Member of this Cooperative shall by such act alone agree to take into account on the Member’s income tax return any Patronage Dividends which are made in qualified written notices of allocation at their stated dollar amounts in the manner provided in Section 1385(a) of the Internal Revenue Code of 1986, as amended (the “Code”) in the taxable year in which the Member receives the qualified written notices of allocation.

  • Patronage Dividends CatchMark is eligible to receive annual patronage dividends from its lenders (the "Patronage Banks") under a profit-sharing program made available to borrowers of the Farm Credit System.


More Definitions of Patronage Dividends

Patronage Dividends. These are monies that are paid to all members based on administrative fees paid by the manufacturers and distributors. UHC/Novation is a consortium owned by Academic Medical Centers (OSU Medical Center). All net income is paid to the members in the form of four (4) quarterly checks. The patronage is paid 100% in cash due to OSU’s volumes with UHC/Novation. The dividends are paid directly to the participating state agencies, cooperative purchasing program members, and state institutions of higher education. NOTICE ON THE USE OF SOCIAL SECURITY NUMBERS AS FEDERAL TAX IDENTIFICATION NUMBERS: The EXECUTIVE ORDER 2011-12K: Governing the Expenditure of Public Funds for Offshore Services Link: Services provided under this contract are subject to limitations on off shoring. See Announcement.pdf Primary Contact Information: XxxxxxxxXxxxXxxxxx@xxxxxxxxxx.xxx Contractor List and Index: Ordering:
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Patronage Dividends means, for any period, the dividends paid by Company to patrons or Members pursuant to the Company's Articles of Incorporation.
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Patronage Dividends means all dividends declared by the Board, pursuant to the Act and these By-laws, as payable to a member out of the Distributable Earnings of the Association in respect of the member's patronage of the Association.
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Patronage Dividends means "patronage" or similar payments made to Holdings or any of its Subsidiaries by Wakefern, which payments are currently provided for in Article XIX of the Wakefern By-Laws, entitled "Cooperative Patronage Dividends".
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Patronage Dividends has the meaning ascribed thereto in the Corporation’s Restated Certificate of Incorporation.
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Patronage Dividends means a share of net savings distributed among members on a basis of extent of patronage, as provided for in the articles of incorporation.
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Patronage Dividends means "patronage dividends" as such term is defined in Section 1388(a) of the Internal Revenue Code of 1986, as amended (the "Code") which Patronage Dividends may be excluded from taxable income pursuant to Section 1382(b) of the Code. PBGC shall mean the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA or any successor.
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