Harvested Timber definition

Harvested Timber means all trees, timber and crops which have been severed, cut or harvested from the Company Timber Property (other than the Pacific Lumber Timber Rights Property), or any parcel thereof, and with respect to which title has not yet passed to a third party purchaser in compliance with the terms of the Indenture.
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Harvested Timber means all trees, timber and crops which have been severed, cut or harvested from the Company Timber Property, or any parcel thereof, and with respect to which title has not yet passed to a third party purchaser in compliance with the terms of the Indenture.
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Harvested Timber means Timber which has been cut pursuant to an Individual Timber Sale Agreement or down or wind thrown timber that has been bucked pursuant to an Individual Timber Sale Agreement.
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Examples of Harvested Timber in a sentence

  • This Deed of Trust covers Timber to be cut and Harvested Timber, as well as accounts resulting from the sale thereof, and this Deed of Trust upon being recorded in the real estate records shall operate also as a financing statement upon such of the Trust Property as constitute or may constitute Timber to be cut and Harvested Timber, as well as accounts resulting from the sale thereof, in accordance with Sections 8.9-402 and 8.9-403 of the Code.

  • Count Four charges Import of Illegally Harvested Timber, which under the facts of this case, is a misdemeanor under the Lacey Act, in violation of 16 U.S.C. §§ 3372(a)(2)(B)(IV), 3372(d)(2).

  • If Seller requests, Buyer agrees to execute financing statements, “effective financing statements,” and other documents which Seller may request for the purpose of perfecting a first priority security interest in the Harvested Timber and Products which are the subject of this Agreement and the products and proceeds thereof.

  • Title to and ownership of all Timber included in the Yearly Offering and any applicable Individual Timber Sale Agreement remains in Seller until (i) it has been cut, in the case of standing timber, or (ii) it has been bucked in the case of down or wind thrown timber, provided that consistent with Section 8.4 hereof, Seller shall retain a security interest in all Harvested Timber and Products until they have been scaled and paid for.

  • To capture this broader role, MFP is formally referred to as “Interventions to Enhance the Trade in Legally- Harvested Timber Products and Promote Community-Based Forest Management, Reducing the Impacts of Climate Change”.

  • Any award in any such proceedings with respect to Harvested Timber the title to which has passed to Buyer shall belong to Buyer.

  • All Harvested Timber and Products that are the property of the Buyer will be deemed in the possession of Seller, as secured party, for purposes of the security interested granted under this Section 8.4.

  • All proceeds from the Harvested Timber and Products will be held in trust by Buyer, for the benefit of Seller, until paid to Seller.

  • To secure sums payable from Buyer to Seller under this Agreement, plus interest thereon, and the performance of Buyer’s other obligations hereunder, Buyer grants Seller a security interest (and purchase money security interest) in the Harvested Timber and Products which are the subject of this Agreement and the products and proceeds thereof.

  • Any award in any such proceedings, and any payment in consideration of a voluntary transfer under threat of eminent domain, with respect to the Timberlands or Timber on the Timberlands shall belong to Seller insofar as such award is based upon the value of the property taken, except for awards for Harvested Timber the title to which has passed to Buyer.