Common use of Obtaining the Producer’s Personal Information Clause in Contracts

Obtaining the Producer’s Personal Information. The Producer hereby authorizes and consents to each of the Administrator and AAFC (and each of their respective agents, representatives, and employees) obtaining and using personal, credit, business and financial information, including, without limiting the generality of the foregoing, information relating to credit history, bureaus and reports, financial information, and supply/inventory levels from or through various agencies, banks, credit unions, trust companies, financial institutions, creditors, guarantors, lenders, grain elevators, producer organizations, suppliers of the Producer, government ministries, departments and agencies (federal, provincial or territorial) and such other entities as the Administrator or AAFC may deem necessary (collectively, "Providers") for the purposes of (i) assessing the eligibility and entitlements of the Producer under the APP; (ii) monitoring the continuing eligibility for Advances under the APP (including, without limitation, the verification of inventory levels, sales information, and buyers of Eligible Products); (iii) verifying and determining the status of Advances; (iv) facilitating any assignment or realizing upon any security provided by the Producer or any Guarantors in respect of the Agreement; (v) verifying, determining, and assessing the indebtedness and creditworthiness of Producers and/or Guarantors, (vi) obtaining and or registering security over the property of the Producer or Guarantors, (vii) administering any priority agreements or other security contemplated within the Agreement, (viii) facilitating and ensuring the repayment of all Advances under the Act; (ix) statistical and evaluation purposes; and (x) as otherwise required for the proper administration of the APP and the carrying out of the Administrator’s obligations under the Act (collectively, the "Purpose"). The Producer authorizes the Administrator and AAFC (and each of their respective agents, representatives, and employees) to contact any Providers for such Purpose. Without limiting the generality of the foregoing, the Producer agrees that a credit check and an inspection of the Agricultural Products may be performed by the Administrator (respective any of its agents, representatives, and employees) at any time while an Application is pending or during the period in which any Advance is outstanding.

Appears in 7 contracts

Samples: Advance Payments Program Application and Repayment Agreement, Advance Payments Program Application and Repayment Agreement, Advance Payments Program Application and Repayment Agreement

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