BRM Program definition

BRM Program means a Business Risk Management Program listed in the Schedule of the Act that can be used to secure an Advance and includes AgriStability.
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BRM Program means the Business Risk Management program(s) listed in the Agricultural Marketing Programs Act that can be used to secure an advance under the APP.
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BRM Program means the Business Risk Management program(s) listed in the Agricultural Marketing Programs Act that can be used to secure an advance under the APP. “Default” means, when used in relation to a Producer, that a Producer is considered in default under a Repayment Agreement according to Section 21 of the AMPA. “Repayment Agreement” means the agreement signed by the Assignor and the Administrator outlining the terms and conditions of the Assignor`s Advance under the APP AGREEMENT DATE: (YYYY-MM-DD). Between: (Producer) (Hereinafter referred to as the ‘Assignor’) And Manitoba Livestock Cash Advance Inc. (Hereinafter referred to as the ‘Administrator) This Assignment Agreement is for all proceeds, up to the amount set in Part 1.5.1. below, payable to the Assignor under AgriStability with respect to the BRM Contract Number(PIN # ), which is being used to secure Advances issued under the APP Repayment Agreement between the Assignor and the Administrator dated (YYYY-MM-DD) and pursuant to the Advance Payments Program and the Agricultural Marketing Program Act (AMPA). Advances have been issued on the following Agricultural Product(s):
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Examples of BRM Program in a sentence

  • The Producer must provide a BRM Program Coverage Report demonstrating participation in an eligible BRM Program.

  • The Producer acknowledges that all BRM Program repayments will be paid automatically to the Administrator until payment in full (as defined in 5.3) is received.

  • The Producer further agrees that the Producer has obtained all signed priority agreements such that the Administrator’s interest in the BRM Program payments shall rank prior to the interest of any other creditor or security holder.

  • For Producers using another eligible BRM Program (AgriStability) as security, the Producer must provide a signed declaration confirming acres planted as applicable and consent to an inspection at the discretion of the Administrator or otherwise be declared in Default.

  • PART 1 Complete this part if the Creditor HAS a lien or security on the Agricultural Product(s) or the BRM Program Proceeds related to the Agricultural Product(s).

  • The Producer hereby waives all rights to receive from the Administrator a copy of any financing statement or confirmation statement issued at any time respecting the Administrator’s security interest in these BRM Program payments.

  • The Producer declares that the assignment of these BRM Program payments to the Administrator takes priority over any other security interest.

  • The Producer agrees and understands that the Administrator may register financing statement(s) on these BRM Program payments at such provincial Property Security registries as the Administrator determines advisable.

  • For the purposes of giving effect to any of the Producer’s undertakings under this Priority Agreement, the Producer shall make, execute and deliver to the Creditor or the Administrator, any documents or Agreements as the BRM Program Administrator may reasonably request.

  • For producers using another eligible BRM Program (AgriStability) as security the producer must provide a signed declaration confirming acres planted as applicable and consent to an inspection at the discretion of the administrator otherwise be declared in Default.