Membership capital definition

Membership capital means the funds of a cooperative association derived from members of the cooperative association generally as a requirement of membership or in lieu of patronage dividends. The term does not include deposits or loans from members.
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Membership capital means those funds of the association derived from the members generally either as a requirement of membership or in lieu of patronage dividends. Deposits and loans from members shall not be construed as "membership capital."
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Membership capital means that capital paid to a nonstock association by a member in order to be a member and have the rights of membership in the association.
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Examples of Membership capital in a sentence

  • Membership capital is available to cover losses that exceed retained earnings and paid-in capital.

  • Membership capital funds may be in the form of a term cer- tificate or an adjusted balance account.(2) Disclosure.

  • Membership capital may not be released due solely to the merg- er, charter conversion or liquidation of a member credit union.

  • It was reported that modern surveys of coral areas were required to optimise the operation of fish sonar.

  • Membership capital accounts issued be- fore January 18, 2011, are payable only after satisfaction of all liabilities of the liquida- tion estate including uninsured obligations to shareholders and the NCUSIF, but not in- cluding perpetual capital accounts issued be- fore January 18, 2011.

  • Membership capital funds may be in the form of a term certificate or an adjusted balance account.(2) Disclosure.

  • Membership capital is refundable to owners, by request, upon termination of their ownership, pro- vided that the total membership capital remaining is adequate to meet current and projected needs of the Co-op as determined by the Board of Directors and subject to offset by any debt owed by the owner to the Co-op.

  • Membership capital maynot be released due solely to the merger, charter conversion or liquidation of a member credit union.

  • Membership capital accounts issued on or after January 18, 2011 are payable only after satisfaction of all liabilities of the liq- uidation estate including uninsured obliga- tions to shareholders and the NCUSIF, but not including contributed capital accounts issued before January 18, 2011 and perpetual capital accounts issued on or after January 18, 2011.

  • Membership capital including capital provided by way of member loans or investment shares must be returned to withdrawing members, or in the case of dissolution, to members at the time of dissolution, subject to the ability of the cooperative to pay as set out in the act.There is no provision in the act requiring or permitting that contributions to the cooperative be tied to the proportional volume of transactions.

Related to Membership capital

  • Membership Card means a card issued by the Club to indicate membership of a Membership Scheme.

  • Unit Capital means the aggregate of the face value of units issued under the scheme and outstanding for the time being.

  • Net Capital Net Capital shall mean "net capital" as defined in Rule 15c3-1.

  • Membership Units means membership interests in the Company.

  • CD&R Investors means, collectively, (i) CD&R Fund VIII, (ii) CD&R Friends & Family Fund VIII, L.P., a Cayman Islands exempted limited partnership, and any successor in interest thereto, and (iii) any Affiliate of any CD&R Investor identified in clauses (i) and (ii) of this definition.

  • Contributed Capital at any time, the aggregate amount which shall theretofore have been received by the Borrower as a contribution to its capital or as consideration for the issuance of partnership interests in the Borrower; Contributed Capital shall in any event exclude the proceeds of any Specified Affiliate Debt and any Restricted Equity.

  • PIPE Investors means those certain investors participating in the PIPE Investment pursuant to the Subscription Agreements.

  • Equity Capital means capital invested in common or preferred stock, royalty rights, limited partnership interests, limited liability company interests, or any other security or rights that evidence ownership in a private business.

  • Minimum capital or "minimum required capital" means the capital that must be constantly maintained by a stock insurance corporation as required by statute.

  • Partnership Percentage means the percentage share of each Partner in the Net Income or Net Loss of the Partnership. The Partners’ initial Partnership Percentages shall be proportionate to the Partners’ initial Capital Contributions to the Partnership. Thereafter, subject to Section 1.68(g), such Partnership Percentages shall be adjusted only to reflect a disproportionate Capital Contribution by one or more Partners or a disproportionate distribution to one or more Partners, with disproportion being determined in accordance with Sections 4.2(a) and 4.5(b), except as set forth in Section 1.68(f).

  • Carlyle means Carlyle Investment Management, LLC.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • Blackstone means Blackstone Capital Partners V L.P. and its Affiliates.

  • SLP means Silver Lake Management Company III, L.L.C., Silver Lake Management Company IV, L.L.C. and their respective affiliated management companies and investment vehicles.

  • Membership Unit means a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.

  • General Partner Interest means the ownership interest of the General Partner in the Partnership (in its capacity as a general partner) and includes any and all benefits to which the General Partner is entitled as provided in this Agreement, together with all obligations of the General Partner to comply with the terms and provisions of this Agreement.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • BRS means Behavior Rehabilitation Services.

  • CET1 Capital means, as of any Balance Sheet Date, the aggregate amount, in Swiss francs, of items that constitute common equity tier 1 capital of the Group as of such Balance Sheet Date, less any deductions from common equity tier 1 capital required to be made, in each case as determined by the Group Holding Company pursuant to the BIS Regulations applicable to the Group Holding Company as of such Balance Sheet Date, and as (i) disclosed in the Quarterly Financial Accounts published on the relevant Ordinary Publication Date or (ii) may be disclosed as a component of the Reviewed Interim Measurement published upon the instruction of the FINMA on the relevant Extraordinary Publication Date, as applicable. For the avoidance of doubt, the term "common equity tier 1 capital" as used in this definition has the meaning assigned to such term in the BIS Regulations in effect as of the relevant Balance Sheet Date.

  • Membership means the definition of that term under section 6 as in effect for the particular fiscal year for which a particular calculation is made.

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Charter Capital means Charter Communications Holdings Capital Corporation, a Delaware corporation, and any successor in interest thereto.

  • Warburg means Warburg, Xxxxxx Capital Partners, L.P., and/or any of its affiliates.

  • Management Investors means the officers, directors, managers, employees and members of management of the Borrower, any Parent Company and/or any subsidiary of the Borrower (including, on the Closing Date, those of the Target and its subsidiaries).

  • Initial Common Units means the Common Units sold in the Initial Offering.