Title to Timber Sample Clauses

Title to Timber. During the period of this contract, and any extension, PURCHASER shall have the right to cut and remove the timber. Such right shall be conditioned upon PURCHASER complying with the provisions of this contract. The ownership of and title to the timber shall pass to PURCHASER as the timber is paid for and removed from the timber sale area. Any right of PURCHASER to cut and remove the timber shall expire and end at the time this contract, or any extension, terminates. All rights and interests of PURCHASER in and to the timber and logs remaining on the timber sale area shall, at that time, automatically revert to and revest in STATE, without compensation to PURCHASER.
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Title to Timber. Title to timber cut under this Contract shall remain with the Seller until payment as required in this Contract is received by the Seller or written authorization to cut or remove the timber or forest products has been given by the Seller. The Seller shall bear the risk of loss or damage to the timber until payment to the Seller for the timber or authorization to cut or remove the Timber has been granted by the Seller, or damage is caused by the Purchaser or the Purchaser's agents or employees.
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Title to Timber. Title to the timber herein sold shall remain with Seller until payment in full therefor has been made.
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Title to Timber. (a) The title to all marked and/or designated timber stumpage shall remain with the University until it has been paid for by Buyer as herein provided.
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Title to Timber. Title to timber cut under this Contract shall remain in the Seller until the timber or forest products have been removed from the Seller’s property in full accordance with all terms, conditions, and stipulations in this contract. The Seller shall not compensate the purchaser in any manner for the damage or loss to standing or decked timber. In the event of catastrophic damage occurring on a sale and less than 2/3 of the sale area has been harvested, the purchaser may exercise the option of withdrawing from the contract without penalty within 60 days of being notified of the event. Catastrophic damage will be determined by a systematic random survey of yet to be harvested areas within the contract. Catastrophic damage shall be defined as: 1/3 of the plots having greater than 50% of the merchantable trees damaged. The termination option for the purchaser shall not be applicable during contract extensions.
Sample 1
Title to Timber. During the period of this Contract, and any extension, PURCHASER shall have the right to cut and remove the timber. Such right shall be conditioned upon PURCHASER complying with the provisions of this Contract. The ownership of and title to the timber shall pass to PURCHASER as the timber is paid for following removal from the Timber Sale Area. Any right of PURCHASER to cut and remove the timber shall expire and end at the time this Contract, or any extension, terminates. All rights and interests of PURCHASER in and to timber and logs remaining on the Timber Sale Area shall, at that time, automatically revert to and revest in the U.S. Forest Service, without compensation to PURCHASER. Section 1040. Quality and Quantity of Timber. STATE makes no guarantee or warranty to PURCHASER as to the quality or quantity of the Designated Timber. PURCHASER shall be liable to STATE for the Total Purchase Price set forth in Section 1710, "Purchase Price," or 1740, "Log Prices," even if the quantity or quality of Designated Timber actually cut, removed, or designated for taking is more or less than that estimated by STATE to be available for harvesting on the Timber Sale Area. Further, STATE makes no representation, warranty, or guarantee of the accuracy of any information either provided by STATE or made available by STATE under the Public Records Law with respect to this Contract. PURCHASER agrees to bear exclusive responsibility for, and to accept all risks associated with, the actual conditions on the Areas of Operations and PURCHASER's computation of its bid for this Contract.
Sample 1
Title to Timber. During the period of this Contract, and any extension, PURCHASER shall have the obligation to cut and remove the Designated Timber in the Timber Sales Area in compliance with all terms and conditions of this Contract. The ownership of and title to the Designated Timber shall pass to PURCHASER after the Designated Timber is paid for following removal from the Timber Sale Area. Any right or obligation of PURCHASER to cut and remove the Designated Timber shall expire and end at the time this Contract, or any extension, terminates, or when the Contract is terminated, whichever is earlier. All rights and interests of PURCHASER in and to Reserved Timber and logs remaining on the Timber Sale Area shall, at that time, remain with the STATE, without compensation to PURCHASER.
Sample 1
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Related to Title to Timber

  • Title to Property The Company and its Subsidiaries have good and marketable title in fee simple to all real property and good and marketable title to all personal property owned by them which is material to the business of the Company and its Subsidiaries, in each case free and clear of all liens, encumbrances and defects except such as are described in Schedule 3(t) or such as would not have a Material Adverse Effect. Any real property and facilities held under lease by the Company and its Subsidiaries are held by them under valid, subsisting and enforceable leases with such exceptions as would not have a Material Adverse Effect.

  • Title to Properties The Company and each Subsidiary have good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of their respective businesses, except for such defects in title as could not, individually or in the aggregate, have a Material Adverse Effect. As of the Closing Date, the property of the Company and its Subsidiaries is subject to no Liens, other than Permitted Liens.

  • Title to Goods passes to Buyer upon receipt of the Goods at the Buyer- designated location, whether it is an address of the Buyer or of any third party designated by Buyer.

  • Title to Equipment Title shall vest in the Contractor to all equipment purchased hereunder.

  • Title to Assets The Company and the Subsidiaries have good and marketable title in fee simple to all real property owned by them and good and marketable title in all personal property owned by them that is material to the business of the Company and the Subsidiaries, in each case free and clear of all Liens, except for (i) Liens as do not materially affect the value of such property and do not materially interfere with the use made and proposed to be made of such property by the Company and the Subsidiaries and (ii) Liens for the payment of federal, state or other taxes, for which appropriate reserves have been made therefor in accordance with GAAP and, the payment of which is neither delinquent nor subject to penalties. Any real property and facilities held under lease by the Company and the Subsidiaries are held by them under valid, subsisting and enforceable leases with which the Company and the Subsidiaries are in compliance.

  • Title to Data All materials, documents, data or information obtained from the County data files or any County medium furnished to the Contractor in the performance of this Contract will at all times remain the property of the County. Such data or information may not be used or copied for direct or indirect use by the Contractor after completion or termination of this Contract without the express written consent of the County. All materials, documents, data or information, including copies, must be returned to the County at the end of this Contract.

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