Common use of Timber Clause in Contracts

Timber. Lessee shall notify Lessor in writing at least forty-five (45) calendar days prior to any removal by Lessee of marketable timber (marketability to be within the discretion of Lessor). At Lessor’s option, Lessor may choose to harvest timber, or Lessor may require an appraisal of the timber by a qualified independent appraiser, at Lessee’s expense, and Lessee shall pay Lessor the appraised value for the timber identified prior to its removal by Lessee.

Appears in 2 contracts

Samples: Oil and Gas Lease, Oil and Gas Lease

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Timber. Lessee shall notify Lessor in writing at least forty-five (45) calendar days prior to any removal by Lessee of marketable timber (marketability to be within the discretion of Lessor). At Lessor’s option, Lessor may choose to harvest timber, or Lessor may require an appraisal of the timber by a qualified certified independent appraiserconsulting forester who is a member of the Society of American Foresters (SAF) or American Consulting Foresters (ACF), at Lessee’s expense, and Lessee shall pay Lessor the appraised value for the timber identified prior to its removal by Lessee.

Appears in 1 contract

Samples: oilandgas.ohiodnr.gov

Timber. Lessee shall notify Lessor in writing at least forty-five (45) calendar days prior to any removal by Lessee of marketable timber (marketability to be within the discretion of Lessor). At Lessor’s option, Lessor may choose to harvest timber, or Lessor may require an appraisal of the timber by a qualified independent appraiser, at Lessee’s expense, and Lessee shall pay Lessor the appraised value for the timber identified prior to its removal by Lessee.

Appears in 1 contract

Samples: And Gas Lease

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Timber. Lessee shall notify Lessor in writing at least forty-five (45) calendar days prior to any removal by Lessee of marketable timber (marketability to be within the discretion of Lessor). At Lessor’s option, Lessor may choose to harvest timber, or Lessor may require an appraisal of the timber by a qualified independent appraiser, at Lessee’s expense, and Lessee shall pay Lessor the appraised value for the timber identified prior to its removal by LesseeXxxxxx.

Appears in 1 contract

Samples: Oil and Gas Lease

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