Common use of Retention of Producer’s Personal Information Clause in Contracts

Retention of Producer’s Personal Information. The Producer acknowledges and agrees that the Administrator and AAFC will retain information provided by the Procedure in connection with any Application or Advance for at least six years after the date of full repayment of said Advance by the Producer; provided that in the event of a default by the Producer, such information will be retained for a minimum of ten years from the day on which the payment is made by AAFC under the Act and the rights of the Administrator are subrogated to AAFC. Such information will be retained by AAFC for a period of at least six years after repayment of the Advance, the last financial transaction, or the last action taken to recover the Advance, whichever occurs last.

Retention of Producer’s Personal Information. The Producer acknowledges and agrees that the Administrator and AAFC will retain information provided by the Procedure in connection with any Application or Advance for at least six (60 years after the date of full repayment of said Advance by the Producer; provided that in the event of a default by the Producer, such information will be retained for a minimum of ten then (10) years from the day on which the payment is made by AAFC under the Act and the rights of the Administrator are subrogated to AAFC. Such information will be retained by AAFC AAFV for a period of at least six (6) years after repayment of the Advance, the last financial transaction, or the last action taken to recover the Advance, whichever occurs last.