Perishable Agricultural Commodities Act definition

Perishable Agricultural Commodities Act means the Perishable Agricultural Commodities Act of 1930.
View Source

Examples of Perishable Agricultural Commodities Act in a sentence

  • All perishable agricultural commodities sold under this Agreement are sold subject to the statutory trust authorized by Section 5(c) of the Perishable Agricultural Commodities Act, 1930 (7 U.S.C. 499e(c)).

  • Contractor represents and warrants that Contractor possesses and shall keep current during the term of this Contract all required licenses, certifications, permits, authorizations, and approvals necessary for Contractor’s proper performance of this Contract, including a valid Perishable Agricultural Commodities Act (PACA) license.

  • The Borrower will not purchase perishable agricultural products that are subject to the Perishable Agricultural Commodities Act.

  • All perishable agricultural commodities sold under this Agreement are sold subject to the statutory trust authorized by section 5(c) of the Perishable Agricultural Commodities Act of 1930 (7 U.S.C. 499e(c)).

  • Notwithstanding anything to the contrary contained in this Agreement, including but not limited to Section 5.4 hereof, all sales made under this Agreement of Products grown and delivered in the United States shall be subject to the United States Perishable Agricultural Commodities Act (“PACA”), and as such, payment of invoices from seller shall be made by buyer within ten (10) days of receipt of Product.

  • The Agent shall be satisfied with the applicability and effect of the Perishable Agricultural Commodities Act, the Packers and Stockyards Act and any similar statute, rule or regulation on the transactions contemplated hereby .

  • Buyer shall pay all invoiced amounts due to Supplier in accordance with the Perishable Agricultural Commodities Act (“PACA”).

  • All perishable agricultural commodities are sold subject to the statutory trust authorized by section 5(C) of the Perishable Agricultural Commodities Act, 1930 (7 U.S.C 499e(c)).

  • Sysco warrants that, subject to the statutory trust imposed by the Perishable Agricultural Commodities Act, all Customer Directed Products will be free and clear of any adverse lien or security interest.

  • PACA: the Perishable Agricultural Commodities Act, as amended, and any successor statute.