Common use of Timber Clause in Contracts

Timber. The Obligor does not own, or expect to acquire, any property which constitutes, or would constitute, timber. If at any time after the Effective Date, the Obligor owns, acquires or obtains rights to any timber, the Obligor shall furnish the Collateral Agent with prompt written notice thereof (which notice shall describe in reasonable detail the timber and the locations thereof) and shall take all actions as may be deemed reasonably necessary or desirable by the Collateral Agent to perfect the security interest of the Collateral Agent therein.

Timber. The Obligor does not own, or expect to acquire, any property which constitutes, or would constitute, timber. If at any time after the Effective Datedate hereof, the Obligor owns, acquires or obtains rights to any timber, the Obligor shall furnish the Collateral Agent with prompt written notice thereof (which notice shall describe in reasonable detail the timber and the locations thereof) and shall take all actions as may be deemed reasonably necessary or desirable by the Collateral Agent to perfect the security interest of the Collateral Agent therein.