Grower Payables means all amounts owed from time to time by the Company to any Person on account of the purchase price of agricultural products or services (including poultry and livestock) if the Agent reasonably determines that such Person is entitled to the benefits of any grower's lien, statutory trust or similar security arrangements to secure the payment of any amounts owed to such Person.
Grower Payables means all amounts owed from time to time by the Company to any Person on account of the purchase price of agricultural products or services (including poultry and livestock) if the Agent reasonably determines that such Person is entitled to the benefits of any grower’s lien, statutory trust or similar security arrangements to secure the payment of any amounts owed to such Person.
Grower Payables means (i) amounts payable by Borrower to growers of agricultural products which have been purchased by Borrower for processing or which are otherwise used by Borrower in the production of wine or wine products and shall include "grower payables," as referenced in Borrower's financial records, and (ii) amounts payable by Borrower to wine processors or other persons who have delivered notice to Borrower under California Civil Code Section 3051a of the assertion of a lien under California Civil Code Section 3051.
Examples of Grower Payables in a sentence
Borrower shall pay all Grower Payables as -------------------------- and when due under the terms of Borrower's agreements with Borrower's account debtors, except to the extent otherwise agreed by such account debtors and except for Grower Payables being contested by Borrower in good faith.
Borrower shall pay all Grower -------------------------- Payables as and when due under the terms of Borrower's agreements with Borrower's account debtors, except to the extent otherwise agreed by such account debtors and except for Grower Payables being contested by Borrower in good faith.
More Definitions of Grower Payables
Grower Payables means, in respect of the Borrower or any Subsidiary Guarantor, the aggregate amount due from the Borrower or such Subsidiary Guarantor to any other Person on account of any crops, produce, or other farm products supplied by such Person to the Borrower or such Subsidiary Guarantor as to which crops, produce or other farm products such Person has statutory lien rights.
Grower Payables all amounts owed by the Loan Parties from time to time to any Person on account of agricultural products or services (including the purchase price of sugar beets).
Grower Payables means the aggregate amount due from Borrower to any other Person on account of any crops, produce, or other farm products supplied by such Person to Borrower as to which crops, produce or other farm products such Person has statutory lien rights.
Grower Payables means, collectively, all unpaid amounts payable by Borrowers (or any of them), in the aggregate, for the purchase of inventory from any “Producer” as defined in Article 20 of the New York Agriculture and Markets Law, from any “Producer” as defined in the Food and Agricultural Code of California or from any other Person engaged in a farming operation, or from any broker or agent selling on behalf of any such Producer or other Person, or from any cooperative whose owners/members consist of any such Producer or other Persons.
Grower Payables means accounts payable that may give rise to a statutory trust in favor of the grower, pursuant to the Perishable Agricultural Commodities Act, 7 U.S.C. Section 499a et seq. In determining the value of Acceptable Inventory to be included in the Borrowing Base, the Bank will use the lowest of (i) the Borrower's cost, (ii) the Borrower's estimated market value, or (iii) the Bank's independent determination of the resale value of such inventory in such quantities and on such terms as the Bank deems appropriate.
Grower Payables means, as of any date of determination, all amounts then payable by any Borrower to growers of agricultural products which such Borrower has purchased, whether for processing, for use in producing inventory or otherwise.
Grower Payables means, without duplication, all accounts payable for agricultural products of the Borrowers owed to the original producers of agricultural products and all account payables which are subject to the Perishable Agricultural Commodities Act (or any successor or supplementary statute).