Patronage. The facilities and services provided in this Agreement are for the benefit and convenience of Embassy employees. The Licensor may regulate patronage from other sources.
Patronage. The Commitment is eligible for patronage under the plan and in accordance with the provisions of FCW’s bylaws and its practices and procedures related to patronage distribution and as set forth in Section 27.
Patronage. The number of passengers carried for each of the years 2017 to 2021 and for the first six months of 2022 is set out in the following table. For the first half of 2022, total patronage for all of the Company’s rail and bus passenger services (that is, the Integrated MTR System) decreased to 649.4 million or by 11.8% as compared to total patronage on the Integrated MTR System during the same period in the previous year. The Company’s domestic service, which includes the MTR Lines and the KCR Lines (comprising the East Rail (excluding the cross-boundary service) and Tuen Ma Line) recorded total patronage of
Patronage. The number of passengers carried for each of the years 2015 to 2019 and for the first six months of 2020 is set out in the following table. For the first half of 2020, total patronage for all of the Company’s rail and bus passenger services (that is, the Integrated MTR System) decreased to 637.3 million or by 37.7% as compared to total patronage on the Integrated MTR System during the same period in the previous year. The Company’s domestic service, which includes the MTR Lines and the KCR Lines (comprising the East Rail (excluding the cross-boundary service), West Rail, Ma On Shan Lines, Tuen Ma Line Phase
Patronage. HMA and HCC make no representation or warranty whatsoever with respect to the demographic nature and/or volume of attendees for the Expo show.
Patronage. The Company acknowledges that Lender’s Bylaws and Capital Plan (as each may be amended from time to time) shall govern (x) the rights and obligations of the parties with respect to the Lender Equities and any patronage refunds or other distributions made on account thereof or on account of the Company’s patronage with Lender, (y) the Company’s eligibility for patronage distributions from Lender (in the form of Lender Equities and cash) and (z) patronage distributions, if any, in the event of a sale by Lender of a participation interest in the Loans and other financial accommodations made hereunder. Lender reserves the right to assign or sell participations on a non-patronage basis in all or any part of its commitments or outstanding Loans and other financial accommodations made hereunder.
Patronage. The number of passengers carried for each of the years 2018 to 2022 and for the first six months of 2023 is set out in the following table. For the first half of 2023, total patronage for all of the Company’s rail and bus passenger services (that is, the Integrated MTR System) increased to 920.1 million or by 41.7% as compared to total patronage on the Integrated MTR System during the same period in the previous year. The Company’s domestic service, which includes the MTR Lines and the KCR Lines (comprising the East Rail (excluding the cross-boundary service) and Tuen Ma Line) recorded total patronage of 777.2 million for the first half of 2023. This represents an increase of 36.2% when compared to the same period in 2022. For the cross-boundary service at Lo Wu and Lok Ma Xxxx, patronage was 28.1 million for the first half of 2023, compared with 0.2 million during the same period in 2022. For the first six months of 2023, patronage on the Airport Express increased by 374.0% as compared to the same period last year. Total patronage on the HSR in the first half of 2023 was 7.6 million. As the pandemic situation came under control and travel restrictions were lifted, patronage began to recover over the first half of 2023, especially with the phased resumption of rail services to Mainland China. The HSR gradually began resuming service starting from January 2023. Cross-boundary Service to Lok Ma Xxxx and Lo Wu resumed in January 2023 and February 2023, respectively. Passengers per year Integrated MTR System(2) (in millions) 2023 (first six months)(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 920.1 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,518.1 2021 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,616.3 2020 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,310.8 2019 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,914.3 2018 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,044.5 Notes:
Patronage. (i) Each party hereto acknowledges that the bylaws and capital plan (as each may be amended from time to time) of each Farm Credit Lender shall govern (A) the rights and obligations of the parties with respect to the Lender Equities and any patronage refunds or other distributions made on account thereof or on account of the Company’s patronage with such Farm Credit Lender, (B) the Company’s eligibility for patronage distributions from each Farm Credit Lender (in the form of equities and cash) and (C) patronage distributions, if any, in the event of a sale of a participation interest. Each Farm Credit Lender reserves the right to assign or sell participations on a non-patronage basis in all or any part of its commitments or outstanding Loans and other financial accommodations made hereunder.
Patronage. After the date hereof and until this Agreement is terminated, all patronage payments to the shareholders of the Company shall be 100% cash.
Patronage. You hereby consent to including in your gross income, as now or hereafter provided in the federal income tax laws, the stated dollar amount of each written notice of allocation which you receive from Pearl City with respect to your patronage occurring during the current and all subsequent taxable years of this cooperative. This consent shall be revocable by you at any time if in writing.
