HBU definition

HBU means higher-and-better use and refers to timberland properties that have a higher- value use beyond growing timber, such as properties that can be sold for development, conservation, recreational or other rural purposes at prices in excess of traditional timberland values;
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HBU shall have the meaning set out in Article IV, Section 10.
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Examples of HBU in a sentence

  • Retirees shall be notified by mail of the open enrollment period and new plan rates by the HBU.

  • Upon retirement and notification of discontinuance of benefits, retiree may contact the Health Benefits Unit (HBU) and completes appropriate enrollment documents for health care, no later than 30 days after retirement.

  • The Borrower waives as against HBU all defences and rights accruing to debtors with joint and several liability or to sureties (borg).

  • Unless otherwise stated, security provided to HBU shall rank first in priority.

  • The Borrower shall send HBU his balance sheet, profit and loss account and notes thereto for the past financial year immediately after they have been drawn up but in any event not later than six months after the end of the relevant financial year.

  • If a fixed interest rate is in effect, the interest shall be paid by the Borrower to HBU on the dates stated in the Credit Agreement.

  • If the Borrower does not agree to the new interest rate, he shall inform HBU thereof in writing at least one week prior to the interest refixing date.

  • Borrower will give HBU the time charter agreements for inspection.

  • HBU shall announce changes in the debit interest surcharge as well as any alterations in the composition or method of calculation of the HBU Euro Base Rate in at least three national daily newspapers in the Netherlands.

  • If the Borrower fails to respond to the written notice from HBU by that date, the Borrower shall be deemed to have agreed to the new rate.

Related to HBU

  • OPEC means the Organization of Petroleum Exporting Countries.

  • Matchmaker means an individual who is responsible for arranging individual contests of unarmed combat.

  • RTC means a regional training center.

  • ODA means the Ohio department of aging.

  • CTC means Canadian Tire Corporation, Limited together with its Subsidiaries (excluding the REIT and the REIT’s Subsidiaries), or, as the context requires, any of them.