Examples of PACA Trust in a sentence
Loyalty can be defined as the buying pattern of a customer which may be a person, a household or an organization (Mellens, Dekimpe, & Steenkamp, 1996).
The Debtors believe that the PACA Trust Assets are excluded from the Debtors' estates, and the Debtors therefore have not included such amounts in their responses to Statement Question 21.
Each Loan Party will comply with all payment instructions imposed on such Loan Party in any notification received by such Loan Party, whether pursuant to the UCC, the FSA, PACA, State Agricultural Law, or otherwise, and whether sent by a seller of farm products, a lender to such seller, the Secretary of State of any state or any other Person, of any FSA Lien or State Agricultural Lien or the imposition of a PACA Trust.
The Working Capital Borrowers have previously delivered to the Administrative Agent copies of all notifications received by any Loan Party, whether pursuant to the UCC, the FSA, PACA, State Agricultural Laws or otherwise, and whether sent by a seller of any "farm products" (as defined in the FSA), a lender to such seller, the Secretary of State of any State or any other Person, of any FSA Lien or State Agricultural Lien or the imposition of a PACA Trust.
As referred to in this Agreement, "PACA Trust" shall mean the statutory trust authorized by Section 499e(c) of PACA.
The administrator of TDI’s bankruptcy estate thus went about “identifying, recovering, and liquidating the PACA trust assets of [TDI] and preserving those funds for the benefit of all PACA trust creditors.” Stipulation for Order Establishing PACA Trust Claims Procedure and Surcharge for Administrative Expenses at 11, In re Tanimura Distrib., Inc., No. 2:08-bk- 22644-TD, (Bankr.
As the PACA Trust Assets were held in trust by the Debtors and were not property of the Debtors’ estates, the Debtors’ produce suppliers had priority ahead of all other secured and unsecured creditors of the Debtors’ estates as to those PACA Trust Assets.
On June 2, 1997, Idahoan and Advantage filed a Joint Status Report and Motion for an Order for the Distribution of PACA Trust Proceeds ("Joint Motion") identifying the following universe of qualified PACA trust creditors: Idahoan $ 116,684.26 CHR 36,004.80 Murphy 4,300.00 Alsum 10,708.00 Powerhouse 4,868.00 $ 172,565.06 App.
For all the reasons set forth above, Plaintiffs’ Joint Motion for Entry of an Order Determining Validity and Extent of PACA Trust Claims (Doc.
Photo courtesy Alexandra Morton, Raincoast Research.expected wild salmon were lost because of parasites from seacages.