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Grower Liens
Last Updated: Jun 7, 2019
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Liens attached to the assets (typically perishable, ie from a "grower") of the Borrower for which payment has not been made to the vendor. Lien mechanics can vary by state, but in general will prime Asset Based Lenders and therefore a reserve is typically held in the BB. Grower liens are usually associated with the Perishable Agricultural Commodities Act ("PACA") in the context of ABL transactions.