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.

Patronage Dividends means “allocations in proportion to patronage” as defined in the Act;

Examples of Patronage Dividends in a sentence

The Company shall not, directly or indirectly, declare, order, make or set apart any sum for or pay any Restricted Payment except for Patronage Dividends and other dividends, in each case payable by the Company solely in common stock of the Company.
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.
Patronage Income, after reductions in accordance with section 3.2.c. shall be allocated as Patronage Dividends to the Members on the basis of their relative Patronage within 8 ½ months after the end of the Fiscal Year.
Patronage Dividends shall be made fifty percent (50%) in cash and fifty percent (50%) to each individual Member Account as a written notice of allocation, unless different proportions are approved by the board within eight-and-a-half months following the fiscal year’s close – however, at least twenty percent (20%) must be distributed in cash.

More Definitions of Patronage Dividends

Patronage Dividends means, for any period, the dividends paid by Company to patrons or Members pursuant to the Company's Articles of Incorporation.

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: ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇ Contractor List and Index: Ordering: DELIVERY: Per Contract Agreement

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".

Patronage Dividends shall have the meaning provided in the Prior Restated Certificate.

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.

Patronage Dividends means "patronage dividend", as such term is defined in 12 U.S.C. Section 3019(b)(2) as in effect on the Date of Assumption and Restatement.

Patronage Dividends has the meaning ascribed thereto in the Corporation’s Restated Certificate of Incorporation.