Sustainable Forestry Initiative. Seller shall continue to manage the Timberlands in accordance with the Sustainable Forestry Initiative during the Term of this Agreement. From time to time it may be necessary to agree upon a recognized successor or alternative standard to the Sustainable Forestry Initiative, which shall be negotiated in good faith to reflect changes or developments in the evolution of widely accepted industry standards. In the future, Seller agrees to provide from time to time at Buyer’s request third-party verification of its compliance with such a standard on the portion of the Actual Designated Tracts from which Timber is then being harvested.
Sustainable Forestry Initiative. Seller shall continue to manage the Timberlands in accordance with the Sustainable Forestry Initiative during the Term of this Agreement. From time to time it may be necessary to agree upon a recognized successor or alternative standard to the Sustainable Forestry Initiative, which shall be negotiated in good faith to reflect changes or developments in the evolution of widely accepted industry standards. In the future, Seller agrees to provide from time to time at Buyer’s request third-party verification of its compliance with such a standard on the portion of the Actual Designated Tracts from which Timber is then being harvested. Executed under seal as of the date first set forth above. WICKLIFFE PAPER COMPANY By: /s/ Xxxxx X.Xxxxx Name: Xxxxx X. Xxxxx Title: President CLYNELISH, LLC By: SCIOTO LAND COMPANY, LLC, its sole member By: Xxxxxxxx-Xxxx Land Management Company, LLC, Manager By: /s/ Xxxxxx X. Xxxxxxxx Name: Xxxxxx X. Xxxxxxxx Title: Executive Vice President
Sustainable Forestry Initiative. Upon execution of this agreement, L-P is acknowledging that X-X xxxx procurement personnel and such subcontractors as deemed necessary to fulfill this agreement, shall be trained in appropriate SFI State Implementation Committee approved training and will encourage suppliers to adhere to all Forestry Best Management Practices (BMP’s) in the states where they perform the activities of this agreement. L-P hereby acknowledges that it has achieved SFI third party certification and has an ongoing SFI program meeting AF&PA standards. Documentation is maintained and available for inspection. BLUE RIDGE PAPER PRODUCTS INC. By: /s/ Xxxxx X. Xxxxxxxx Xxxxx X. Xxxxxxxx XxXxx Xxxxxx, C.P.M LOUISANA-PACIFIC By: /s/ Xxxx X. Xxxxxxx SCHEDULE 1 Intention The intention of this schedule is to provide a mechanism for adjusting price quarterly if roundwood costs fluctuates up or down. Annually, a baseline for roundwood and processing cost as well as a roundwood cost range is determined. Any quarterly price adjustment will be plus or minus the change in roundwood cost as long as it is within the roundwood cost range established. Base Line for Processing $7.00 per chip ton (Price does not change) Base Line Roundwood Cost in Chip Tons • Hardwood $27.00/Ton of Delivered Chips Movement From The Base Line Cost Within A Year • Hardwood $ 26.50/Ton - $27.50/Ton Cost Review – Quarterly • During a quarterly review, the parties shall review the rates paid under this Agreement, and if market conditions have changed, may renegotiate the rate for the upcoming quarter within the stated annual brackets. • The parties intend that the rate to be paid for each Product shall be no greater than fair market value for the designated Product for similar contract term, volume, quality and species.
