Common use of Allocation Among Members Clause in Contracts

Allocation Among Members. The OPC Closing Date Distribution shall be made to (or at the direction of) the Members based on allocation percentages determined by dividing each Member's patronage capital in OPC as of December 31, 1995, by the total of all Members' patronage capital in OPC as of December 31, 1995.

Appears in 2 contracts

Sources: Restructuring Agreement (Oglethorpe Power Corp), Restructuring Agreement (Oglethorpe Power Corp)

Allocation Among Members. The OPC Closing Date Distribution shall be made distributed to (or at the direction of) the 39 Members of OPC based on allocation percentages determined by dividing each Member's patronage capital in OPC as of December 31, 1995, by the total of all Members' patronage capital in OPC as of December 31, 1995.

Appears in 1 contract

Sources: Member Agreement (Oglethorpe Power Corp)