Farm Products Law definition

Farm Products Law means (a) the Food Security Act, (b) PACA, (c) the PSA, (d) PFPA, (e) Article 20 of the Agriculture and Markets Law of the State of New York or (f) any other federal, state, or local laws from time to time in effect that are applicable to the Loan Parties’ business and which regulate any matters pertaining to Farm Products, in each case, as the same now exists or may hereafter from time to time be amended, modified, recodified, or supplemented, together with all rules and regulations thereunder.
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Farm Products Law means (a) the Food Security Act, (b) PACA, or (c) any other federal, state, or local laws from time to time in effect which regulate any matters pertaining to Farm Products.
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Farm Products Law means (a) the Food Security Act of 1985, 7 U.S.C. Section 1631 et. seq., (b) the Perishable Agricultural Commodities Act of 1930, 7 U.S.C. Section 499A et seq., (c) Article 20 of the Agriculture and Markets Law of the State of New York or (d) any other federal, state, or local laws from time to time in effect which regulate any matters pertaining to Farm Products, in each case, as the same now exists or may hereafter from time to time be amended, modified, recodified, or supplemented, together with all rules and regulations thereunder.
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Examples of Farm Products Law in a sentence

  • Each Obligated Party shall comply with any payment of obligations in connection with the purchase of any Farm Products imposed by a secured party as a condition of the waiver or release of a trust or Lien effective under any Farm Products Law whether or not as a result of direct notice or the filing under any applicable central filing system.

  • Each Borrower and Subsidiary shall comply with any payment of obligations in connection with the purchase of any Farm Products imposed by a secured party as a condition of the waiver or release of a trust or Lien effective under any Farm Products Law, whether or not as a result of direct notice or the filing under any applicable central filing system.

  • Each Obligated Party shall also (i) promptly notify the Agent, in writing, of the receipt of any direct notice received pursuant to any Farm Products Law and provide the Agent with a true and complete copy of the same, and (ii) not later than the fifth (5th) day of each month, provide to the Agent true and correct copies of all state filings recorded in any such central filing system in respect of a Person from whom an Obligated Party has purchased Farm Products within the preceding 12 months.

  • Permitted Grower Lien: a Grower Lien which (a) secures an obligation that is not past due, (b) is paid in accordance with the applicable Farm Products Law, (c) has been disclosed to Agent in accordance with Section 10.1.11.

  • Each Obligated Party shall also (i) promptly notify the Agent, in writing, of the receipt of any direct notice received pursuant to any Farm Products Law and provide the Agent with true and complete copy of the same, and (ii) not later than the fifth (5th) day of each month, provide to the Agent true and correct copies of all state filings recorded in any such central filing system in respect of a Person from whom an Obligated Party has purchased Farm Products within the preceding 12 months.


More Definitions of Farm Products Law

Farm Products Law. (a) the Food Security Act of 1985, 7 U.S.C. Section 1631 et. seq., (b) the Perishable Agricultural Commodities Act of 1930, 7 U.S.C. § 499A et seq., or (c) any other federal, state, or local laws from time to time in effect which regulate any matters pertaining to Farm Products, in each case, as the same now exists or may hereafter from time to time be amended, modified, recodified, or supplemented, together with all rules and regulations thereunder.
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Related to Farm Products Law

  • Farm products means goods, other than standing timber, with respect to which the debtor is engaged in a farming operation and which are:

  • Consumer goods means goods that are used or bought for use primarily for personal, family, or household purposes.

  • Consumer-goods transaction means a consumer transaction in which:

  • Manufactured home dealer means any person, firm or

  • Farm use means used in farming, including use in a tractor or other farm machines used directly in farming, in a furnace heating a farm building, in providing lighting in farm buildings, and use in operating motors of machines used directly in farming.

  • Anti-Terrorism Law means the USA Patriot Act or any other law pertaining to the prevention of future acts of terrorism, in each case as such law may be amended from time to time.

  • Manufactured-home transaction means a secured transaction:

  • FIRM PROCUREMENT means the agreement between the parties for mutually agreed terms and conditions with commitment of Quantity Ordered.

  • Anti-Terrorism Laws are any laws relating to terrorism or money laundering, including Executive Order No. 13224 (effective September 24, 2001), the USA PATRIOT Act, the laws comprising or implementing the Bank Secrecy Act, and the laws administered by OFAC.

  • Perishable goods means personal property maintained under controlled conditions for its preservation, and susceptible to loss or damage if the controlled conditions change.

  • Manufactured home means a structure, transportable in one or more sections, which is built on a permanent chassis and is designed for use with or without a permanent foundation when attached to the required utilities. The term "manufactured home" does not include a "recreational vehicle".

  • Anti-Terrorism Order means Executive Order No. 13,224 of September 24, 2001, Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit or Support Terrorism, 66 U.S. Fed. Reg. 49, 079 (2001), as amended.

  • Farm equipment means equipment used directly for farming

  • Farm winery means an establishment (i) located on a farm in the Commonwealth with a producing

  • Anti-Money Laundering and Anti-Terrorism Laws shall have the meaning assigned thereto in Section 3.1(f)(i).

  • Farm machinery means all machines and tools that are used in the production, harvesting, and care of farm products, and includes trailers that are used to transport agricultural produce or agricultural production materials between a local place of storage or supply and the farm, agricultural tractors, threshing machinery, hay-baling machinery, corn shellers, hammermills, and machinery used in the production of horticultural, agricultural, and vegetable products.

  • Motor vehicle manufacturer means a person that:

  • Data Protection Act means Act CXII of 2011 on Informational Self-Determination and Freedom of Information.

  • Consumer fireworks means fireworks devices that are designed to produce visible effects by combustion, that are required to comply with the construction, chemical composition, and labeling regulations promulgated by the United States consumer product safety commission under 16 CFR parts 1500 and 1507, and that are listed in APA standard 87-1, 3.1.2, 3.1.3, or 3.5. Consumer fireworks does not include low-impact fireworks.

  • Anti-Corruption and Anti-Bribery Laws means the Foreign Corrupt Practices Act of 1977, as amended, any rules or regulations thereunder, or any other applicable United States or non-U.S. anti-corruption or anti-bribery laws or regulations.

  • undesirable practice means (i) establishing contact with any person connected with or employed or engaged by the Authority with the objective of canvassing, lobbying or in any manner influencing or attempting to influence the Bidding Process; or (ii) having a Conflict of Interest; and

  • Counterfeit drug means a drug that, or the container or

  • Dangerous Goods means Goods which are officially classified as hazardous as well as Goods which are or may become of a dangerous, inflammable, radioactive noxious or damaging nature.

  • Manufactured home community means the same as land-leased community defined in sections 335.30A and 414.28A.

  • Anti-Corruption Law means any Applicable Law relating to anti-bribery or anti-corruption (governmental or commercial), including the Foreign Corrupt Practices Act of 1977, as amended, and any other Applicable Law that prohibits the corrupt payment, offer, promise or authorization of the payment or transfer of anything of value (including gifts or entertainment), directly or indirectly, to any Person, including any Government Official.

  • Motor vehicle surface means any pervious or impervious surface that is intended to be used by “motor vehicles” and/or aircraft, and is directly exposed to precipitation including, but not limited to, driveways, parking areas, parking garages, roads, racetracks, and runways.