Producer Payables definition

Producer Payables means all amounts at any time payable by Borrower and its consolidated subsidiaries for the purchase of Inventory.

Producer Payables means with respect to any Person, all amounts at any time payable by such Person for the purchase of cattle, feed, grain or other farm products.

Producer Payables means all amounts at any time payable by Borrower (whether or not the subject of a deferred payment arrangement) for purchases of perishable agricultural commodities that are the subject of the Perishable Agricultural Commodities Act, or that are payable by Borrower for the purchase of Inventory that is secured by any lien, security interest or imposition of trust, in each case that are not the subject of a lien waiver or subordination agreement in form and substance acceptable to U.S. Bank.

Examples of Producer Payables in a sentence

• All Producer Payables which are owing to suppliers of any of the Collateral have been paid when due, other than those being contested in good faith by Borrower, and no Person to whom such Producer Payables are owed has demanded turnover of any Collateral or proceeds thereof.

• All Producer Payables which are owing to suppliers of any of the Inventory have been paid when due, other than those being contested in good faith by Borrower and its consolidated subsidiaries, and no Person to whom such Producer Payables are owed has demanded turnover of any Inventory or proceeds thereof.

• Borrower shall pay all Producer Payables within 10 days after such accounts payable are invoiced.

• The Borrower and each of its Subsidiaries shall pay all cattle Producer Payables for livestock priced on a grade and yield matrix and those which have deferred payment terms, in accordance with the terms governing the same.

• The Borrower and NBC each shall pay, within two (2) Business Days after the Borrower's purchase of the related Inventory, all cattle Producer Payables other than (a) those not yet due for livestock priced on a grade and yield matrix, and (b) those which are not yet due and have deferred payment terms.

More Definitions of Producer Payables

Producer Payables means accounts payable with are subject to a Producer’s Lien.

Producer Payables means all amounts at any time payable by the Company for the purchase of Inventory. Proposal Letter shall mean the Proposal Letter dated March 20, 2006 issued by CIT and accepted by Parent on behalf of the Company.

Producer Payables means accounts payable with are subject to a Producer’s Lien. “Professional Fee Variance” has the meaning ascribed to such term in Section 8.3(b). “Properly Contested” means, with respect to any obligation of any Loan Party, (a) the obligation is subject to a bona fide dispute regarding amount or such Loan Party’s liability to pay; (b) the obligation is being properly contested in good faith by appropriate proceedings promptly instituted and diligently pursued; (

Producer Payables means all amounts at any time payable by the Borrower to producers of Farm Products.

Producer Payables means all amounts at any time payable by Borrower ----------------- for the purchase of Inventory that are, in the reasonable determination of FBS Ag Credit, secured by a lien.

Producer Payables of a Borrower shall mean all amounts at any time payable by such Borrower for the purchase of Inventory.

Producer Payables. All amounts at any time payable by Borrower for the purchase of Inventory or other products from producers of agricultural products and which are subject to PACA laws.