Timberlands Sample Clauses

Timberlands. (a) The term
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Timberlands. The term "Timberlands" shall mean all of the timberlands in the states of Maine, Vermont, and New Hampshire owned by Boise Cascade or Oxford as further described in summary fashion in Schedule 1.60 hereof.
Timberlands. All of Seller’s right, title and interest in and to certain real property owned by Seller in Xxxxx County, Washington, as further described on Exhibit “A” attached hereto and incorporated herein by this reference (“Real Property”), together with all other rights and interests related or appurtenant thereto, including but not limited to all of Seller’s right, title, and interest (i) in and to the merchantable and unmerchantable timber, growing, lying, standing or felled, timber interests and timber rights located on or appurtenant to the Real Property; (ii) in and to any mineral, sand, oil, gas, hydrocarbon substances and gravel and other hard rock rights on and under the Real Property not previously severed by Seller’s predecessors in interest; and (iii) in and to any development rights, air rights, water, water rights, ditch and ditch rights appurtenant to the Real Property (collectively, all property described in this Paragraph 1.1 is herein called the “Timberlands”).
Timberlands. On or before May 15, 2009 as to the third quarter of Year One, and on or before August 15, 2009 as to the fourth quarter of Year One, TNC and PCM shall meet and TNC shall supply in writing to PCM a schedule of the quantities and species of Xxxxxx Logs, Studlogs and Sawlogs to be delivered during the third and fourth quarters of Year One, which shall total 3.2MMBF as provided in the FSA, from the Phase I Timberlands. At this meeting, TNC shall also supply in writing estimates of its out-of-pocket expenses to be paid or incurred in harvesting and delivering the Logs to PCM, including without limitation the fees paid to TNC’s third party contractors and fuel costs and road construction and maintenance costs only to the extent necessary to harvest Logs, but not including TNC’s costs of purchase of the Timberlands and stumpage thereon, and not including costs incurred by TNC which are not reasonable and customary in the timber production industry (“Out-of-Pocket Expenses”). At each meeting, the parties shall agree upon the Log Price for the ensuing quarter. If TNC’s estimated Out-of-Pocket Expenses exceed the Log Price for the ensuing calendar quarter, at PCM’s sole discretion, either (i) TNC shall be relieved of its obligation to harvest and deliver the volume of Logs that would have otherwise been delivered in such ensuing quarter; or (ii) PCM shall agree to pay TNC’s actual Out-of-Pocket Expenses incurred during such quarter within fifteen (15) days of TNC’s submission to PCM of documentation of the Out-of-Pocket Expenses. The terms of this Paragraph 5.1 shall apply only to timber harvest in Year One.
Timberlands. The real property held by Seller or the Seller Subsidiaries in fee simple depicted on the section maps attached hereto as Schedule 1-A (but excluding the Identified REC Parcels and Identified Title Carveouts), together with all of Seller’s or Seller Subsidiaries’ right, title and interest in and to (i) all timber, biomass and other organic products growing, standing or lying thereon (collectively, the “Timber”), (ii) all buildings thereon, (iii) all roads, rights of way, bridges and other improvements and fixtures thereon, (iv) all subsurface rights and all rights to oil, gas and other minerals of any kind (including, without limitation, all sand, rock, fill dirt and gravel) therein, thereon or thereunder, (v) all water and water rights of any kind appurtenant thereto and/or used thereon, and all riparian rights, ground water rights, stock in water companies, xxxxx, and well rights related to the Timberlands, (vi) all other privileges, appurtenances, easements (including the Purchaser Easements in respect thereof), rights of access and other rights appertaining thereto (including, without limitation, carbon sequestration, development and air rights or credits, if any); and (vii) all rights to inject or store substances in caverns, reservoirs or other formations and horizons lying beneath the surface thereof (collectively, the “Timberlands”), subject only to the Permitted Exceptions; provided, however, that Seller reserves for itself and its successors and assigns the Reserved Easements described in Section 1.2(a) of Seller’s Disclosure Letter; provided, further, that as promptly as practicable after the Effective Date, Seller and Purchaser shall revise Schedule 1-A to contain appropriate legal descriptions for the Timberlands (based on the legal descriptions attached to the Completed Title Commitments as verified and adjusted by the parties to include all of the real property depicted on Schedule 1-A as of the date hereof but excluding the Identified REC Parcels, the Identified Title Carveouts and any other real property which is part of the Excluded Assets).
Timberlands. The Timberlands consist of (i) approximately 12,759 acres, collectively located in Xxxxxx and Clackamas Counties, Oregon and referred to herein as the Copper Creek Block; and (ii) approximately 9,119 acres located in Xxxxx County, Washington, all as described in Exhibit A, as shown on maps furnished by Borrower to Lender and as described in the Deeds of Trust.
Timberlands. The Timberlands include all of the Purchased Assets.
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Timberlands. Section3(f) of the Disclosure Schedule lists all Timberlands and other real property that is part of the Acquired Assets. With respect to each such parcel of owned real property, and except for matters which would not have a material adverse effect on the Acquired Assets as a whole:
Timberlands. All of Seller's right, title and interest in and to the Timberlands (defined below) and other rights related or appurtenant thereto, including but not limited to all of Seller's right, title, and interest (i) in and to the merchantable and unmerchantable timber, growing, lying, standing or felled, timber interests and timber rights located on or appurtenant to the Timberlands; (ii) in and to any cutting rights under public or private timber deeds; (iii) in and to any mineral, sand, oil, gas, hydrocarbon substances and gravel and other hard rock rights on and under the Timberlands; and (iv) in and to all improvements, including without limitation the office building and related improvements of Seller located in Newport, Washington ( "Building"). The "Timberlands" are defined as certain real property owned by Seller in Stevxxx, Xxnd Oreille and Ferry Counties, Washington and Kootenai, Boundary and Bonnxx Xxxnties, Idaho, as further described on EXHIBITS "A" through "F" attached hereto and incorporated herein by this reference and timber rights only with respect to the properties described on EXHIBIT "G" attached hereto and incorporated herein by this reference ("Timber Rights"). The legal description of the Building is contained on EXHIBIT "H" attached hereto and incorporated herein by this reference.
Timberlands. The real property presently encumbered by the 1992 Deed of Trust and the property described in the attached legal descriptions covering other property in Jefferson, Kitsap, Xxxxx, and Clallam Counties, Washington. PARCEL 1: Government Lot 3, EXCEPT the West 1/2 of the North 660 feet thereof and All of Government Lot 4 and the South 1/2 of the Northwest 1/4 in Section 3; Government Xxx 0 xxxxxxx 0, Xxxxx 0/0 xx xxx Xxxxx 0/0 and the North 1/2 of the South 1/2, and the Southwest 1/4 of the Southwest 1/4 of Section 4; Government Lots 1 and 5 and the West 3/4 of Section 5; The Northeast 1/4 and the North 1/2 of the Northwest 1/4 and the Southeast 1/4 of the Northwest 1/4 of Section 16; Government Lot 3 in Section 20; South 1/2 of the Northwest 1/4 and the North 1/2 of the Southwest 1/4 of Section 29, EXCEPT the East 30 feet of the Northeast 1/4 of the Southwest 1/4; ALSO EXCEPT the following described tract:
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