Merchantable Timber definition

Merchantable Timber means standing trees by spe- cies and product which are because of size and quality, salable within a reasonable time period from the subject lands.

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Merchantable Timber means timber of acceptable quality of species identified in the appraisal completed for Lender, which are in excess of 35 years of age and which can be harvested without violation of applicable laws and regulations.

Merchantable Timber means timber that meets or exceeds the timber merchantability specifications that are described in Table 1-1. Timber that is graded dry Y or Z is not merchantable.

Examples of Merchantable Timber in a sentence

• The risk of loss by fire, windstorm, or other cause of any standing, decked or down Merchantable Timber within the Timber Sale Area shall be borne by the holder of title to the timber or logs.

• The PURCHASER may only use the Timber Sale Area for actions related to the harvest of Merchantable Timber.

• PURCHASER shall fell, yard, remove, scale, and pay the applicable stumpage fee for all Merchantable Timber harvested in association with the rights of entry and use granted herein.

• Upon the termination or expiration of this Contract, any claim or right PURCHASER may have in and to the Timber Sale Area, to any Merchantable Timber or logs remaining in the Timber Sale Area or to the Roads and Related Facilities and the Timber Sale Areas shall terminate.

• The risk of loss or damage to the Merchantable Timber shall be allocated as provided in Section 11 herein.

More Definitions of Merchantable Timber

Merchantable Timber means timber that meets or exceeds the timber merchantability specifications that are described in Table 1-1 for the Coast and in Table 1-2 for the Interior in this manual. Timber that is graded dry Y (5) or Z (Coast), graded dry 4, 6 or Z (Interior) is not merchantable.

Merchantable Timber means trees on a parcel of Crown Land which are of quality and in quantities sufficient to be commercially valuable in accordance with the policies of the Province then in effect in respect of the valuation and sale of Crown timber;

Merchantable Timber means Timber of all species within a Cutblock that is within Timber utilization specifications commonly used in the coastal forest industry in British Columbia;

Merchantable Timber means that portion of the Timber meeting the specifications for “Merchantable Timber” as described in Exhibit B.

Merchantable Timber is all timber, harvested or unharvested, which contains at least one Merchantable Sawlog, all Utility Logs, or other sawlogs harvested or unharvested located within the Timber Sale Unit(s) designated by the State within the Timber Sale Area as depicted in Exhibit A that will be harvested in accordance with the approved Operating Plan. This excludes all timber in designated retention areas.

Merchantable Timber means Timber that will produce at least one (1) Merchantable Sawlog or Merchantable Pulpwood.

Merchantable Timber means timber stands that are 25 or more years old.