Timber Rights Clause Samples
The Timber Rights clause defines the legal authority to harvest, use, or sell timber from a specified property. Typically, this clause outlines who holds the rights to the timber, any limitations on harvesting methods or quantities, and the duration for which these rights are granted. For example, it may specify that only certain tree species can be cut or that reforestation obligations must be met after harvesting. The core function of this clause is to clearly allocate ownership and usage rights over timber resources, thereby preventing disputes and ensuring responsible management of forested land.
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Timber Rights. As of the date hereof and as of the Closing Date:
(a) PTL is the sole and exclusive licensee under the Timber Tenures, and true and complete copies thereof will be provided to the Purchaser by February 20, 2008, and PTL is listed in the records of Ministry of Forests as the holder thereof; each of the Timber Tenures is validly subsisting and in good standing, no notice of suspension or cancellation of any of the Timber Tenures is outstanding, and no rights of any of the Sellers under any of the Timber Tenures are under suspension, in whole or in part, under Section 76 or 78 of the Forest Act and, to the Knowledge of the Seller, no fact or event that has occurred and could reasonably be expected to result in any such suspension or cancellation;
(b) PTL has not received any notice or advice from any Governmental Authority indicating that the annual allowable cut of any Timber Tenure may be reduced, and, to the Knowledge of the Seller, there is no reason to believe that such a reduction may be forthcoming; and
(c) there are no contracts or agreements that commit the use or disposition of timber or logs harvested under any Timber Tenure.
Timber Rights. To the extent permissible under the federal mining laws, Hanover shall have the right to use timber on the Property for mining purposes and buildings on this Property and other property held by Hanover or its affiliates.
Timber Rights. The Vendor shall retain title to all harvestable timber on the Purchased Line for ten (10) years after the Closing, and the Purchaser shall use all reasonable efforts to cooperate with the Vendor in connection therewith. The transfer of the Purchased Line shall be made subject to the reservation of timber rights in the form set out in Schedule R.
Timber Rights. The lnuit Community Corporations of Kuudjuak (Fort Chimo) and Kangirsualujuak (▇▇▇▇▇▇ River) shall have exclusive timber rights on those tracts of land identified in Schedule 2 attached to this Section. Such rights shall be for personal and community use and shall be exercised in accordance with management plans to be agreed upon with the Department of Lands and Forests. However, such timber rights shall be subject to the right to develop the lands over which the timber rights are granted herein. Where, in accordance with the said plans, additional forestry operations are permitted, the said lnuit Community Corporations shall be permitted to supply timber to other lnuit Community Corporations.
Timber Rights. Notwithstanding the above exclusive possession and control rights granted to Coeur, Lessor, if it so elects, shall have the right to manage and harvest the standing timber situated upon the Leased Premises so long as Lessor’s activities do not conflict in any way with Coeur’s activities and interests.
Timber Rights. The Inuit Community Corporations of Kuudjuaq (Fort Chimo) and Kangirsualujuak (▇▇▇▇▇▇ River) shall have exclusive timber rights on those tracts of land identified in Schedule 2 attached to this Section. Such rights shall be for personal and community use and shall be exercised in accordance with management plans to be agreed upon with the Department of Lands and Forests. However, such timber rights shall be subject to the right to develop the lands over which the timber rights are granted herein. Where, in accordance with the said plans, additional forestry operations are permitted, the said Inuit Community Corporations shall be permitted to supply timber to other Inuit Community Corporations.
Timber Rights. Allocation The logger held a TUC issued by the Minister and ratified by Parliament following the specified competitive process or Logger held a SP issued by the Forestry Commission.
CRITERION 2.2 Salvage permit1 Issuance of Salvage Permit. RESPONSIBILITY FC-HQ. PROCEDURE Enterprise applies to FC; FSD conducts inspection and submits a report to CEO of FC about the justification for commercial trees in a defined location to be salvaged; FC issues salvage permit; FSD enters details of salvage permit into the central database. OUTPUT Applicant's application; FSD's inspection report; Salvage permit.
Timber Rights. Owner shall retain the rights to the timber on the Property and to manage its Engelmine Forest, California Tree Farm #2611, pursuant to its Non-Industrial Timber Management Plan, together with an easement for ingress and egress to the Property. Such easement shall not interfere with the operations of Sheffield and shall be moveable to accommodate the needs of Sheffield. At such time as Sheffield, at its sole election, requires the use of any surface covered by timber for mining, milling, or other mining-related -4- activities, Sheffield shall give Owner notice in writing, and Owner shall remove the timber from the needed land. If Owner should fail to remove the timber in a timely manner, Sheffield shall have the right to remove the timber and reimburse Owner for the market value of the timber less the cost of harvesting and marketing the same. If Owner disputes the value received from Sheffield, the market value of the timber will be established by a mutually acceptable forestry engineering firm. If the parties cannot agree upon a mutually acceptable firm, each party shall nominate its own firm, who shall select a third engineering firm and the three shall make the appropriate valuation. Both parties shall be bound by the decision of the three firms. This retained right shall continue after exercise of the option to purchase pursuant to Section 3.1 below.