Agricultural Contractor definition
Examples of Agricultural Contractor in a sentence
The trustee shall maintain within the trust fund a separate account for each Agricultural Contractor that signs the trust agreement to hold deposits made pursuant to this article.
However, the Cap shall not be reduced below an aggregate of $150,000,000 for all Agricultural Contractor accounts.
No reimbursement of the trust fund by the Agricultural Contractor for such payments shall be required.
However, an Agricultural Contractor may direct the trustee to make the disbursement to that Agricultural Contractor which shall in turn make the payment to the State as required by other provisions of this contract.
Any amount to be disbursed pursuant to subdivisions (h)(4)(i) and (h)(4)(ii) shall be paid by the trustee to the State on July 1 of the year involved and shall be credited by the State toward any amounts owed by such respective Agricultural Contractor to the State as of that date.
However, each Agricultural Contractor shall continue to make deposits to the trust fund matching the amount of each year’s reductions as provided in subdivision (d) of this article so long as the amount in that contractor’s account is less than its share of the Cap.
Reductions to contractors shall be used to reduce the payments due from the contractors on each January 1 and July 1; Provided, however, that to the extent required pursuant to subdivision (h) of this article, each Agricultural Contractor shall pay to the Agricultural Rate Management Trust Fund an amount equal to the reduction allocated to such Agricultural Contractor.
In any year in which a supplemental ▇▇▇▇ has been submitted to an Agricultural Contractor pursuant to subdivision (c)(4) of this article, such supplemental ▇▇▇▇ shall be treated as reducing by an equal amount the obligation of such contractor for that year to make payments into the Agricultural Rate Management Trust Fund.
Reductions to Contractors shall be used to reduce the payments due from the Contractors on each January 1 and July 1; provided, however, that to the extent required pursuant to subdivision (h) of this article, each Agricultural Contractor shall pay to the Agricultural Rate Management Trust Fund an amount equal to the reduction allocated to such Agricultural Contractor.
However, each Agricultural Contractor shall continue to make deposits to the trust fund matching the amount of each year's reductions as provided in subdivision (d) of this article so long as the amount in that Contractor's account is less than its share of the Cap.