PERISHABLE AGRICULTURAL COMMODITIES definition

PERISHABLE AGRICULTURAL COMMODITIES shall have the meaning assigned to such term by PACA.
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PERISHABLE AGRICULTURAL COMMODITIES. (as defined in PACA). “Project Consultant” means a project consultant appointed or retained by the Lender and approved by the Company (such approval not to be unreasonably withheld or delayed) to review, on behalf of the Lender, Construction Budgets, Construction Schedules, ongoing construction of any Farm Project, and/or other matters related to any Farm Project. To the extent a Project Consultant has not been appointed or retained, the references in this Agreement to Project Consultant and related provisions shall have no force and effect and any required approvals, consents or other actions of the Project Consultant which are required or to be performed shall be deemed given or performed, as the case may be. “Project Costs” means the following costs and expenses incurred by the Borrowers or any other Loan Party or Subsidiary in connection with a Farm Project and set forth in the applicable Construction Budget or otherwise approved by the Lender (and, in the discretion of the Lender, after consultation with the Project Consultant): (a) costs incurred by a Borrower or any other Loan Party or Subsidiary under any Project Documents with respect to the acquisition (including the acquisition of a Farm Project Site), site preparation, design, engineering, procurement of equipment, construction, installation, start-up, mobilization and testing of a Farm Project (including costs associated with structural matters, piping, labor, electrical, design and management and contingency matters); (b) fees and expenses incurred by or on behalf of a Borrower or any other Loan Party or Subsidiary in connection with any Farm Project and the consummation of the transactions contemplated by this Agreement and the other Loan Documents with respect to financing such Farm Project, including financial, working capital, accounting, legal, surveying and consulting fees, and the costs of engineering; (c) interest and fees on the Term Loans with respect to a Farm Project; (d) insurance premiums with respect to any Mortgages for a Farm Project and as otherwise required pursuant to this Agreement; and (e) without duplication of the foregoing, Taxes, salaries, rent and general administrative and overhead costs that are incurred by a Borrower or any other Loan Party or Subsidiary in connection with a Farm Project. “Project Documents” means the Material Project Documents, all other contracts or subcontracts entered into in connection with a Farm Project and any other agreement, instrument ...
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Examples of PERISHABLE AGRICULTURAL COMMODITIES in a sentence

  • PERISHABLE AGRICULTURAL COMMODITIES ACT The PACA license issued to Respondent Supreme Cuts, LLC is hereby revoked.

  • PERISHABLE AGRICULTURAL COMMODITIES ACT [O]ne of the primary remedial purposes of the PACA [is] the financial protection of sellers of perishable agricultural commodities.

  • PERISHABLE AGRICULTURAL COMMODITIES ACT Secretary’s order, the complainant...may within three years of the date of the order file in the district court of the United States for the district...in which is located the principal place of business of the commission merchant, dealer, or broker...a petition setting forth briefly the causes for which he claims damages.

  • PERISHABLE AGRICULTURAL COMMODITIES ACT PACA requires payment by a buyer of perishable agricultural commodities within ten (10) days after the date on which produce is accepted.

  • Furthermore, Plaintiff alleges that Booth controlled or was in a position to control the disposition of Organic Alliance’s assets so as to ensure that there were sufficient assets to satisfy all outstanding PACA trust obligations such as the obligation PERISHABLE AGRICULTURAL COMMODITIES ACT allegedly owed to Plaintiff.

  • ERRATA PERISHABLE AGRICULTURAL COMMODITIES ACT REPARATION DECISIONS68 Agric.

  • PERISHABLE AGRICULTURAL COMMODITIES ACT while produce sellers remain unpaid.44 Because there can be no debate over the appropriate sanction, a decision may be entered in this case based upon the admitted facts.45 Having carefully considered pleadings, relevant authorities, and arguments of the parties, the following Findings of Fact, Conclusions, and Order are entered without further procedure or hearing pursuant to section1.139 of the Rules of Practice (7 C.F.R. § 1.139).

  • As discussed above, PERISHABLE AGRICULTURAL COMMODITIES ACT paragraph (e)(1) of § 46.46 provides for a ten-day statutory default for prompt accounting and prompt payment and explains that parties that agree to other payment schedules must reduce their agreements to writing.

  • PERISHABLE AGRICULTURAL COMMODITIES ACT Court does not disagree with these statements, they do not cure the deficiencies in S & S Packing’s invoices.

  • PERISHABLE AGRICULTURAL COMMODITIES ACT S & S Packing was incorporated in 2009 and is a licensed “grower’s agent” under PACA, see 7 U.S.C. § 499c.1 A “grower’s agent” is defined as “any person operating at shipping point who sells or distributes produce in commerce for or on behalf of growers or others and whose operations may include the planting, harvesting, grading, packing, and furnishing containers, supplies, or other services.” 7 C.F.R. § 46.2(q).

Related to PERISHABLE AGRICULTURAL COMMODITIES

  • Raw agricultural commodity means any food in its raw or natural state including fruits that are washed, colored, or otherwise treated in their unpeeled natural form before marketing.

  • Agricultural commodity means all agricultural, aquacultural, silvicultural, horticultural, floricultural, or viticultural products, livestock or livestock products, Christmas trees, bees, maple syrup, honey, commercial fish or fish products, and seeds produced in this state, either in their natural state or as processed by the producer of the commodity. The kinds, types, and subtypes of products to be classed together as an agricultural commodity for the purposes of this act shall be determined on the basis of common usage and practice.

  • Agricultural waste means biomass waste materials capable of decomposition that are produced from the

  • Bulk commodities means the following commodities, when shipped in rail tank cars, tanker trucks, trailers, other bulk wheeled conveyances, or pipelines:

  • Agricultural equipment includes but is not limited to equipment associated with livestock or crop production, horticulture, or floriculture. “Agricultural equipment” includes but is not limited to tractors; trailers; combines; tillage, planting, and cultivating implements; balers; irrigation implements; and all-terrain vehicles.

  • agricultural holding means a portion of land not less than 0.8 hectares in extent used solely or mainly for the purpose of agriculture, horticulture or for breeding or keeping domesticated animals, poultry or bees;

  • Agricultural burning means open outdoor fires used in agricultural operations in the growing of crops or raising of fowl or animals, or open outdoor fires used in forest management, range improvement, or the improvement of land for wildlife and game habitat, or disease or pest prevention.

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

  • agricultural products means an animal or plant or a product, including any food or drink that is wholly or partly derived from an animal or plant, and includes all after acquired Agricultural Products of the Producer, or any proceeds therefore.

  • Agricultural producer means a person that engages or wishes to engage or intends to engage in the business of producing and marketing agricultural produce in this state.

  • Agricultural production means the commercial production of food or fiber.

  • Agricultural operations means the growing and harvesting of crops or the raising of fowl or animals for the primary purpose of making a profit, providing a livelihood, or conducting agricultural research or instruction by an educational institution. Agricultural operations do not include activities involving the processing or distribution of crops or fowl.

  • agricultural produce means any produce, whether of the soil or otherwise of stock-farming or of fisheries;

  • Agricultural product means the products listed in Annex I to the Treaty, except fishery and aquaculture products listed in Annex I to Regulation (EU) No 1379/2013 of the European Parliament and of the Council of 11 December 2013;

  • Physical Commodities means any physical commodity with respect to which a Commodity Interest is traded on a market specified in the definition of Commodity Shares above.

  • Qualified agricultural property means that term as defined in section 1211 of the revised school code, MCL 380.1211.

  • Commodities means the Commodities , raw materials, machines, equipments and/or other materials that should be provided by the Supplier to the Buyer under the Contract.

  • Agricultural purposes ’ means purposes normally or otherwise reasonably associated with the use of land for agricultural activities, including the use of land for structures, buildings and dwelling units reasonably necessary for or related to

  • agriculturist means an individual or a Hindu Undivided Family who undertakes cultivation of land—

  • Agricultural property means property that is used primarily for agricultural purposes but, without derogating from section 9 of the Act, excludes any portion thereof that is used commercially for the hospitality of guests, and excludes the use of the property for the purpose of eco-tourism or for the trading in or hunting of game;

  • Agricultural operation means an agricultural operation as defined in the Agricultural Operation Practices Act;

  • Agricultural employer means any person, including the state and its political subdivisions, who engages the services of any employee to perform agricultural labor. If any employee is present at the workplace of an agricultural employer under an agreement between that agricultural employer and another agri- cultural employer or employer, “agricultural employer” means the agricultural employer with control or custody of a pesticide. An agricultural employer who engages some employees to per- form agricultural labor and other employees for other purposes is only an agricultural employer with respect to the employees engaged to perform agricultural labor.

  • Perishable food means any food that the manufacturer, packer, or retailer, in conjunction with the department, determines to have a significant risk of spoilage, loss of value, or loss of palatability within 90 days of the date of packaging.

  • International air transportation means transportation by air between a place in the United States and a place outside the United States or between two places both of which are outside the United States.

  • Agricultural purpose means a purpose related to the production, harvest, exhibition, marketing, transportation, processing, or manufacture of agricultural products by a natural person who cultivates, plants, propagates or nurtures the agricultural products. "Agricultural products" includes agricultural, horticultural, viticultural, and dairy products, livestock, wildlife, poultry, bees, forest products, fish and shellfish, and any products thereof, including processed and manufactured products, and any and all products raised or produced on farms and any processed or manufactured products thereof.

  • Commodity means any material, article, supply, goods, or equipment.