Excess Harvest definition

Excess Harvest means a harvest of Timber to the extent that such harvest was not already reflected as depleted in the June 2011 Inventory. Any Timber cut down but not shipped off the applicable Timberlands or Leased Timberlands as of the end of the day prior to the Closing Date shall be deemed unharvested for purposes of this determination, unless such Timber has been sold to a third party.

Excess Harvest means a harvest of Timber (including timber deed, bulk, pay-as-cut and stumpage sales) in excess in the aggregate of the following limitations: (a) 150% of the Planned Volume during any fiscal year of the Company, (b) 140% of the Planned Volume during any period of two consecutive fiscal years of the Company, (c) 130% of the Planned Volume during any period of three consecutive fiscal years of the Company and (d) 120% of the Planned Volume during any period of four consecutive fiscal years of the Company. In the event that the Company or any of its Restricted Subsidiaries sells Timber pursuant to a timber deed, bulk, pay-as-cut or stumpage contract, the Timber shall be deemed harvested in equal monthly amounts over the life of the contract, regardless of when the purchaser actually xxxxxx the Timber.

Excess Harvest has the meaning specified in Section 1.6(a)(i).

Examples of Excess Harvest in a sentence

• Upon completion of such Excess Harvest Offer, the amount of Excess Harvest Proceeds shall be reset at zero.

• If the aggregate principal amount of the Installment Notes and other Senior Debt offered to be prepaid exceeds the amount of Excess Harvest Proceeds offered to be applied to prepay the same, the offer to prepay the Installment Notes and such other Senior Debt shall be made on a pro rata basis.

• When the aggregate amount of Excess Harvest Proceeds exceeds $100,000,000, RFR shall make an offer to the holders of the Installment Notes and an offer to all holders of other Senior Debt containing provisions similar to those set forth in this Section 5.04(d) (an “Excess Harvest Offer”), to prepay the aggregate outstanding principal amount of the Installment Notes and such other Senior Debt that may be prepaid out of the Excess Harvest Proceeds.

• It being understood that this Section 5.04(d) does not require RFR to make an offer to the Lenders when the aggregate amount of Excess Harvest Proceeds exceeds $100,000,000 and this Section 5.04(d) shall not be deemed to be a provision similar to Section 10.1 of the Installment Note Agreement.

• To the extent that the aggregate principal amount of the Installment Notes and other Senior Debt tendered pursuant to an Excess Harvest Offer is less than the Excess Harvest Proceeds, RFR may use such deficiency for general business purposes.

More Definitions of Excess Harvest

Excess Harvest is defined in Section 6.6.

Excess Harvest means a harvest of Timber (including timber deed, bulk, pay-as-cut and stumpage sales), to the extent in excess in the aggregate of the following limitations: (a) 140% of the Planned Volume during any fiscal year of RFR, (b) 135% of the Planned Volume during any period of two consecutive fiscal years of RFR, (c) 130% of the Planned Volume during any period of three consecutive fiscal years of RFR, (d) 125% of the Planned Volume during any period of four consecutive fiscal years of RFR, and (e) 120% of the Planned Volume during any period of five consecutive fiscal years of

Excess Harvest is defined in Section 4.12.

Excess Harvest means a harvest of Timber (including timber deed, bulk, pay-as-cut and stumpage sales), to the extent in excess in the aggregate of the following limitations: (a) 140% of the Planned Volume during any fiscal year of RTOC, (b) 135% of the Planned Volume during any period of two consecutive fiscal years of RTOC, (c) 130% of the Planned Volume during any period of three consecutive fiscal years of RTOC, (d) 125% of the Planned Volume during any period of four consecutive fiscal years of RTOC, and (e) 120% of the Planned Volume during any period of five consecutive fiscal years of RTOC. In the event that RTOC or any of its Restricted Subsidiaries sells Timber pursuant to a timber deed, bulk, pay-as-cut or stumpage contract, the Timber shall be deemed harvested in equal monthly amounts over the life of the contract, regardless of when the purchaser actually xxxxxx the Timber.

Excess Harvest means a harvest of Timber (including timber deed, bulk, pay-as-cut and stumpage sales), to the extent in excess in the aggregate of the following limitations: (a) 140% of the Planned Volume during any fiscal year of the Borrower, (b) 135% of the Planned Volume during any period of two consecutive fiscal years of the Borrower, (c) 130% of the Planned Volume during any period of three consecutive fiscal years of the Borrower, (d) 125% of the Planned Volume during any period of four consecutive fiscal years of the Borrower, and (e) 120% of the Planned Volume during any period of five consecutive fiscal years of the Borrower. In the event that the Borrower or any Subsidiary sells Timber pursuant to a timber deed, bulk, pay-as-cut or stumpage contract, the Timber shall be deemed harvested in equal monthly amounts over the life of the contract, regardless of when the purchaser actually sevexx xxx Timber.

Excess Harvest means a harvest of Timber (including timber deed, bulk, pay‑as-cut and stumpage sales), to the extent in excess in the aggregate of the following limitations: (a) 140%

Excess Harvest means a harvest of any merchantable timber described in a Merchantable Timber Category during the Timber Adjustment Period exceeding the Harvest Target (prorated for any portion of a calendar year) for such Merchantable Timber Category set forth in the applicable annual harvest plan.