Common use of PACA Clause in Contracts

PACA. The Agent shall have received evidence satisfactory to the ---- Agent that all contracts between the Borrower and any of its Subsidiaries that are subject to the benefits of PACA have payment terms of at least thirty-one (31) days and include language necessary to exclude the underlying sales transactions from the benefits of PACA.

Appears in 3 contracts

Samples: Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc)

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PACA. The Agent shall have received evidence satisfactory to the ---- Agent that all contracts between the Borrower and any of its Subsidiaries that are subject to the benefits of PACA have payment terms of at least thirty-one (31) days and include language necessary to exclude the underlying sales transactions from the benefits of PACA.

Appears in 2 contracts

Samples: Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc)

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PACA. The Receipt by the Agent shall have received of evidence satisfactory to the ---- Agent that all contracts between the Borrower CBI and any of its Subsidiaries that are subject to the benefits of PACA have payment terms of at least thirty-one (31) days and include language necessary to exclude the underlying sales transactions from the benefits of PACA.

Appears in 1 contract

Samples: Credit Agreement (Chiquita Brands International Inc)

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