Distributor Members shall be business entities (such as corporations, partnerships, etc.) that: i: Are engaged in the distribution of fluid sealing products and/or fluid sealing services to industry, institutions, end users, and/or original equipment manufacturers, and who have engaged in such business for a period of at least one year prior to application for membership in this Corporation; and, ii: Are not subsidiaries or affiliates of any fluid sealing manufacturer; and, iii: Act as distributors for products manufactured by two or more manufacturers of fluid sealing products; and, iv: Maintain their own inventory of at least $50,000 at cost of fluid sealing products. Fluid sealing products are defined as mechanical or hydraulic seals, packings or gaskets; and, v: Maintain a minimum annual gross sales of at least $250,000 of fluid sealing products and fluid sealing services.
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