Commercial Market definition
Examples of Commercial Market in a sentence
Pro-Fac shall make payment of Commercial Market Value to its members pursuant to the applicable annual crop agreements in accordance with Section 1(d) of the General Marketing Agreement between Pro-Fac and each such member.
Such Preseason Materials shall include any change in the methodology for determining Commercial Market Value for any commodity in any growing region, including any changes arising from changes in the form of an annual crop agreement as contemplated by Paragraph 4(c) above to the extent such changes affect Commercial Market Value.
At such time and to the extent that the prior payments made in reliance on the Estimated CMV are found to have underestimated or overestimated the actual Commercial Market Value as later determined, the next required payment shall be adjusted upward to remedy any underpayment or downward to remedy any overpayment, as applicable.
If payments made in reliance on the Estimated CMV are found to have overestimated the actual Commercial Market Value by a margin greater than the amount remaining due to Pro-Fac for any Covered Crop, whether with respect to all remaining payments due for a particular growing season or the last payment due for that growing season, Pro-Fac shall reimburse Agrilink promptly for the aggregate amount of any such overpayments.
Pro-Fac hereby agrees that during the term of this Agreement it shall not amend the payment provisions of any existing annual crop agreements or General Marketing Agreement and that each General Marketing Agreement that it enters into in the future shall contain the Commercial Market Value payment provisions set forth in Exhibit 6(a), unless otherwise agreed to in writing by Agrilink.
Agrilink shall pay Pro-Fac the Commercial Market Value to be paid under this Agreement in installments corresponding to the payment by Pro-Fac to its members of Commercial Market Value for the crops delivered.
The final payment, to be made following the end of Agrilink's fiscal year, shall be made following the determination of the actual Commercial Market Value for the applicable year in accordance with Paragraph 7.
Doing so provides verification that an Investment accords with the Commercial Market Operator Principle (“CMOP”) but is not a prerequisite because the Manager was appointed on the basis that it would, and is required by the Fund’s Investment and Operational Guidelines to, complete Investments on commercial terms which ▇▇▇▇▇▇▇▇ returns.
Both the Commercial Market rate and the Floating Market rate were reported by the Central Bank on a daily basis.
Any Shortfall Adjustment amount payable under this Agreement shall be paid to Pro-Fac as part of the final Commercial Market Value payment made pursuant to this Agreement for the fiscal year subject to the applicable Raw Product Plan with respect to the applicable crop.