Common use of PACA Clause in Contracts

PACA. Directly or indirectly (a) modify any payment terms or requests for payment with respect to produce or other perishable agricultural commodities capable of being subject to PACA in any manner to void PACA rights and benefits available to any Loan Party, or (b) take any other action to void the rights or benefits available to any Loan Party under PACA with respect to produce or other perishable agricultural commodities capable of being subject to PACA.

Appears in 2 contracts

Sources: Credit Agreement (Mission Produce, Inc.), Credit Agreement (Mission Produce, Inc.)