DECLARATION OF SECURED CREDITORS. ✓ List all secured creditors who have a security interest that includes the Agricultural Product(s) and/or the BRM program payments whether such security was given under the authority of the Bank Act or under the authority of a personal property security legislation in force in the province or by operation of any other law. ✓ Examples may include, but are not limited to: o a lien taken by an input supplier on the agricultural product to be used for the APP advance. o a lien taken by your financial institution o a General Security Agreement. ✓ Attach a separate sheet if required. A signed Priority Agreement is needed for each secured creditor listed below. Name of Secured Creditor: Address and/or Phone Number: Security Interest is on: Value (if applicable):
DECLARATION OF SECURED CREDITORS. List all secured creditors who have a security interest that includes the Agricultural Product(s) and/or the BRM program payments whether such security was given under the authority of the Bank Act or under the authority of a personal property security legislation in force in the province or by operation of any other law. Examples may include, but are not limited to: o a lien taken by an input supplier on the agricultural product to be used for the APP advance; o a lien taken by your financial institution; or o a General Security Agreement. Attach a separate sheet if required. A signed Priority Agreement is needed for each secured creditor listed below. Name of Secured Creditor: Address and/or Phone Number: Security Interest is on: Value (if applicable): I certify the above to be true and correct. I agree to report any future changes in the producer’s structure. I am aware that to make a false statement is an offence. SIGNATURE OF PRODUCER DATE BCBFA BC BREEDER & FEEDER ASSOCIATION AGRICULTURAL MARKETING PROGRAMS ACT (AMPA), ADVANCE PAYMENTS PROGRAM (APP) LIABILITY AGREEMENT Producer Name: APP ID: INSTRUCTIONS This form is to be used where the Administrator and signatories agree to a Liability Agreement that covers only one program year. The dollar amount entered below should be the amount of the advance taken for the program year as stated in Part 2 of the Repayment Agreement. Complete one of the four following subsections, as applicable: o Part A – If you are the Sole Shareholder of a corporate farming business. o Part B – For Members, Partners or Shareholders of a Cooperative, Partnership or Corporation, as the case may be. o Part C – If a Letter of Guarantee will be obtained in lieu of signing to be personally or jointly & severally, or solidarily, liable. Note: For a sole proprietor of a non-corporate farming business, the sole proprietor agrees to be personally liable by signing the Application and Repayment Agreement. Therefore, the signing of this form is not required in such circumstances.
DECLARATION OF SECURED CREDITORS. List all secured creditors who have a security interest in the Agricultural Product(s), the Business Risk Management program payments whether such security was granted under the authority of the Bank Act or under the authority of a personal property security legislation in force in the province or by operation of any other law. Attached separate sheet if required. An executed Priority Agreement is required for each secured creditor.
