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

  • Section 60.124 is revised to read as follows:§ 60.124 Retailer.Retailer means any person subject to be licensed as a retailer under the Perishable Agricultural Commodities Act of 1930 (7 U.S.C. 499a(b)).For the reasons set forth in the preamble, 7 CFR part 65 is proposed to be amended as follows:PART 65—COUNTRY OF ORIGIN LABELING OF BEEF, PORK, LAMB, CHICKEN, GOAT MEAT, PERISHABLE AGRICULTURAL COMMODITIES, MACADAMIA NUTS, PECANS, PEANUTS, AND GINSENG■ 1.

  • Courts have held that the third PACA element is satisfied where “the commodities involved are the type typically sold in interstate commerce” and where the seller involved is “the type that Congress intended to PERISHABLE AGRICULTURAL COMMODITIES ACT protect by implementing PACA.” Greenfield Fresh, Inc.

  • Location map showing the location of the property in reference to other areas of the city.

  • SUBCHAPTER B—MARKETING OF PERISHABLE AGRICULTURAL COMMODITIES PART 46—REGULATIONS (OTHER THAN RULES OF PRACTICE) UNDER THE PERISHABLE AGRICULTURAL COMMODITIES ACT, 1930 DEFINITIONS .

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

  • DiSalle Government Center, 640 Jackson Street, Toledo, Ohio 43604 and Vern Riffe Center for Government and the Arts, 77 S.

  • 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 In re: J&R FRESH PRODUCE, LLC.Docket No. 17-0224.

  • PERISHABLE AGRICULTURAL COMMODITIES ACT balance.26 Respondent’s general denial is not an acceptable defense to liability in a case such as this, where a complaint has been filed alleging the violation of section 2(4) of PACA due to the failure to make full payment promptly.

  • PERISHABLE AGRICULTURAL COMMODITIES ACT The Answer filed on May 29, 2013 denied that it purchased Produce from Eddy Produce for which that vendor had not been paid, admitted that it owed some funds to the other six vendors, and denied any willful violation of the PACA.

Related to PERISHABLE AGRICULTURAL COMMODITIES

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

  • Agricultural , in reference to use, means land, buildings or structures used, designed or intended to be used solely for an “agricultural operation” as that term is defined in section 1 of the Farming and Food Production Protection Act, 1998, S.O. 1998, c. 1;

  • 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 the products listed in Annex I to the Treaty, with the exception of fishery products, as well as cotton;

  • 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 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.

  • Commodities means positions in Commodity Contracts, forward contracts, foreign exchange positions and traded physical commodities, as well as cash commodities resulting from any of the foregoing positions.

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