Common use of Membership Approval Clause in Contracts

Membership Approval. Eligible applicants for Associate Membership shall be approved by the Board of Directors and shall pay a membership fee at such rate, or rates, as may be determined by the Board of Directors from time to time. Applications for Associate Membership shall be made in writing to the Board of Directors and the application shall be regarded as a guarantee on the part of the applicant of its concurrence with the purposes of WKCCVEC and of its adherence, if approved, to this Agreement and the rules, policies and regulations set by the Board of Directors for Associate Members. Approval of Associate Membership shall require a majority vote of the Board of Directors.