Producer Payables means all amounts at any time payable by Borrower and its consolidated subsidiaries for the purchase of Inventory.
Producer Payables means with respect to any Person, all amounts at any time payable by such Person for the purchase of cattle, feed, grain or other farm products.
Producer Payables means accounts payable with are subject to a Producer’s Lien.
Examples of Producer Payables in a sentence
All Producer Payables which are owing to suppliers of any of the Collateral have been paid when due, other than those being contested in good faith by Borrower, and no Person to whom such Producer Payables are owed has demanded turnover of any Collateral or proceeds thereof.
All Producer Payables which are owing to suppliers of any of the Inventory have been paid when due, other than those being contested in good faith by Borrower and its consolidated subsidiaries, and no Person to whom such Producer Payables are owed has demanded turnover of any Inventory or proceeds thereof.
Borrower shall pay all Producer Payables within 10 days after such accounts payable are invoiced.
The Borrower and each of its Subsidiaries shall pay, within five (5) Business Days after the Borrower’s or any of its Subsidiaries’ purchase of the related Inventory, all grain Producer Payables.
The Borrower and each of its Subsidiaries shall pay all cattle Producer Payables for livestock priced on a grade and yield matrix and those which have deferred payment terms, in accordance with the terms governing the same.
More Definitions of Producer Payables
Producer Payables means all amounts at any time payable by Borrower ----------------- for the purchase of Inventory that are, in the reasonable determination of FBS Ag Credit, secured by a lien.
Producer Payables means all amounts at any time payable by Borrower for the purchase of Inventory that could in the reasonable determination of the Agent result in a security interest, lien, claim or encumbrance in or upon any Collateral.
Producer Payables means all amounts at any time payable by Borrower (whether or not the subject of a deferred payment arrangement) for purchases of perishable agricultural commodities that are the subject of the Perishable Agricultural Commodities Act, or that are payable by Borrower for the purchase of Inventory that is secured by any lien, security interest or imposition of trust, in each case that are not the subject of a lien waiver or subordination agreement in form and substance acceptable to U.S. Bank.
Producer Payables means with respect to any Person, all amounts at any time payable by the such Person for the purchase of cattle, feed, grain or other farm products. 1-B-5 Exhibit 2A to Sixth Amended and Restated Credit Agreement Line of Credit Note $______________ Greenwood Village, Colorado ___________, 2007 FOR VALUE RECEIVED, the undersigned National Beef Packing Company, LLC, a Delaware limited liability company (together with its successors as permitted in the Credit Agreement, the "Borrower"), promises to pay to the order of ______________ (hereinafter referred to as "Lender"), at such place as the Agent (as hereinafter defined), may from time to time designate, in lawful money of the United States of America and in immediately available funds, the principal sum of ____________________ ($_______________) or, if less, the unpaid principal amount of the Line of Credit Loans from the Lender to the Borrower outstanding under the Credit Agreement (as hereinafter defined), together with interest on any and all principal amounts outstanding calculated in accordance with the provisions set forth below. This note is issued under that certain Sixth Amended and Restated Credit Agreement dated as of July 25, 2007 (as the same may be amended, replaced, restated and/or supplemented from time to time, the "Credit Agreement") between the Borrower, CoBank, ACB, an agricultural credit bank, as agent (in such capacity, together with its successors and assigns in such capacity, the "Agent"), Lender and the other lenders identified therein (collectively the "Lenders"). Capitalized terms used and not defined herein shall have the meanings given to such terms in the Credit Agreement. This note is the one of the Line of Credit Notes referred to in the Credit Agreement, and is a replacement and substitute for, but does not constitute payment of, one or more Line of Credit Notes that may have been previously issued by the Borrower. This note is secured, is subject to scheduled payments and certain permissive and mandatory prepayments, and is subject to acceleration, in each case upon the terms provided in the Credit Agreement and in the Security Documents referenced therein. Borrower shall pay interest on the unpaid principal amount of each Loan made by the Lender from the date of such Loan until such principal amount shall be paid in full, at the times and at the rates per annum set forth in the Credit Agreement. In addition to the repayment requirements imposed upon the Borrower under the ...
Producer Payables means accounts payable with are subject to a Producer’s Lien. “Professional Fee Variance” has the meaning ascribed to such term in Section 8.3(b). “Properly Contested” means, with respect to any obligation of any Loan Party, (a) the obligation is subject to a bona fide dispute regarding amount or such Loan Party’s liability to pay; (b) the obligation is being properly contested in good faith by appropriate proceedings promptly instituted and diligently pursued; (c) appropriate reserves have been established in accordance with GAAP; (d) non-payment could not reasonably be expected to have a Material Adverse Change, nor could reasonably be expected to result in forfeiture or sale of any assets of such Loan Party; and (e) no Lien is imposed on assets of such Loan Party, unless bonded and stayed to the satisfaction of Xxxxxx. “Protective Advance” has the meaning prescribed to such term in Section 11.18. “Related Company” means, as to any Person, any (a) corporation which is a member of the same controlled group of corporations (within the meaning of Section 414(b) of the Code) as such Person, (b) partnership or other trade or business (whether or not incorporated) under common control (within the meaning of Section 414(c) of the Code) with such Person, or (c) member of the same affiliated DIP Loan and Security Agreement 0000-0000-0000 v.3.docx
Producer Payables of a Borrower shall mean all amounts at any time payable by such Borrower for the purchase of Inventory.
Producer Payables means all amounts at any time payable by the Company for the purchase of Inventory. Proposal Letter shall mean the Proposal Letter dated March 20, 2006 issued by CIT and accepted by Parent on behalf of the Company.