Repayment of the Advance. 3.1 Repayment of the Advance - Field Crops & Honey
Repayment of the Advance. 3.1 The Producer shall repay the amount of the eligible advance as specified in this Repayment Agreement to the Administrator by the end of the Program Year:
Repayment of the Advance. Subject to Clause 6.2 (Excess Utilisation Repayment) below, the Borrower shall repay the Advances in full in 21 equal instalments on each Repayment Date.
Repayment of the Advance. Livestock (Non-Continuous Flow and Continuous Flow)
Repayment of the Advance. (a) Borrower hereby unconditionally promises to pay to Lender for its account the then unpaid principal amount of the Advance in Euros on the Maturity Date.
Repayment of the Advance. (a) As set forth in the Fee and Ratio Letter.
Repayment of the Advance. Livestock
Repayment of the Advance. Proof of Sale documentation is required after February 1 of the program year or as requested by CCGA – see chart below. The total of advance funds issued, plus applicable interest, constitutes the amount required to be repaid to CCGA. Repayments for all advance accounts are applied in this order:
Repayment of the Advance. 4.1 The Producer shall repay the total amount of all Advance as specified in this Agreement to the Administrator by repaying the loan(s) under the Feeder Associations Guarantee Act by selling the cattle as per the terms of the Agreement signed by the P roducer under the Feeder Associations Guarantee Act with the Producer’s Feeder Association, and any extension granted, including all interest, all fees, and penalties pursuant to this Agreement. 4.2 The Producer agrees that the proceeds from the first sales of the cattle or lambs will be applied against the eligible amounts for interest reimbursement before applying the proceeds against other non-eligible amounts. 4.3 The minimum amount to be paid by the Producer when Eligible Agricultural Products on which an Advance has been made are sold or disposed of shall be no less than the Advance Rate for the Eligible Agricultural Product in effect at the time the Advance was issued to the Producer multiplied by the number of Production Units sold or disposed of, 4.4 For Continuous Flow Operations, Producers who receive an Advance for a Continuous Flow Operation are not required to make repayments from the sale proceeds of Livestock or to provide proof of sales for their livestock, so long as they maintain the permanent inventory set out in their Application, provided that if there is a reduction in the permanent inventory which is not immediately replaced: (a) if the reduction in permanent inventory is not attributable to a decision of the Producer to reduce their inventory, the Producer shall pay the amount of the Overpayment together with interest on that portion from the date of the Advance (other than the portion on which interest has been paid by the Government of Canada) within thirty (30) days of the date of the notice is provided to the Producer requiring the Overpayment to be made. If payment is not made, the Administrator may declare the Producer in Default, and (b) if the reduction in permanent inventory is made as a result of a decision of the Producer to sell or dispose of or otherwise reduce their permanent inventory, the Producer shall no longer be a Continuous Flow Operation, and shall provide Proof of Sale with respect to all Livestock sold or disposed of in relation to the reduction in permanent inventory, and also provide Proof of Sale for all future sales in accordance with this Agreement. The amount of the Overpayment shall be paid to the Administrator within thirty (30) days from the date noti...
Repayment of the Advance. Except as may otherwise be specifically provided herein or in the Credit Agreement, the Borrower or the Guarantor shall repay the principal amount of the Advance in one single installment, in the amount Fifteen Million United States Dollars (US$ 15,000,000). Such payment shall be due and payable on June 4th, 2003. The Borrower or the Guarantor shall direct payment to the Bank on that date of the amount of United States Dollars due hereunder (and under the Credit Agreement) with respect to the referenced Advance in accordance with Section 2.04 (b) of the Credit Agreement.
