TIMBER CRUISES Clause Samples

TIMBER CRUISES. Prior to Tract designation by Seller, an Independent Consultant mutually selected by Buyer and Seller shall conduct a cruise of each Tract selected by Seller to determine the species and product mix and estimated volume of Timber on the Tract. Such Independent Consultant shall deliver all such cruise data for each cruised Tract to both Seller and Buyer upon completion of the cruise of the Tract. The cost of all such timber cruises shall be divided and paid equally by Seller and Buyer.