Definition of Plum Creek Timber Deeds


Plum Creek Timber Deeds means (i) those certain timber deeds dated as of January 27, 2012, between Red Mountain TimberCo III LLC, a Delaware limited liability company and Plum Creek Timberlands, L.P., conveying certain timber located in Clark, Dallas, Grant, Hot Spring, and Saline Counties, Arkansas, (ii) those certain timber deeds dated as of January 27, 2012, between Red Mountain TimberCo III LLC, a Delaware limited liability company and Plum Creek Southern Timber, L.L.C., conveying certain timber located in Caldwell, Catahoula, and LaSalle Parishes, Louisiana, (iii) those certain timber deeds dated as of January 27, 2012 between Red Mountain TimberCo IV LLC, a Delaware limited liability company and Plum Creek South Central Timberlands, L.L.C. conveying certain timber located in Attala, Clairborne, Copiah, Franklin, Jefferson, Leake, Madison, Neshoba, Rankin and Scott Counties, Mississippi, and (iv) that certain timber deed dated as of March 15, 2013, between Red Mountain TimberCo IV LLC, a Delaware limited liability company and Plum Creek South Central Timberlands, L.L.C., conveying certain timber located in Winston County, Mississippi, as each may be affected, from time to time, by partial releases.
Sample 1

Examples of Plum Creek Timber Deeds in a sentence

Each of Exhibits A-2, B and C contains a list, and Seller has made available to Purchaser copies, of the following documents in effect on the date of this Agreement: (i) each Timberland Lease, (ii) each Assumed Contract, (iii) the Existing Supply Agreements; (iv) the Real Property Leases; (v) the Plum Creek Timber Deeds; (vi) the Timber Deeds; and (vii) each material amendment, supplement, and modification in respect of any of the foregoing.
The Parties acknowledge that, as of the date of this Agreement, the timber on a portion of the Timberlands located in Attala, Leake, Madison, Rankin and Scott Counties, Mississippi has been conveyed to Plum Creek pursuant to certain Plum Creek Timber Deeds listed on Schedule 7.8 attached hereto and hereby made a part hereof (said conveyed timber, the "Plum Creek Timber").
In the event that the Seller is unable to cause Plum Creek to enter into the New Plum Creek Timber Deeds, the Parties shall enter into such agreements as are necessary to put the parties in essentially the same position as though the New Plum Creek Timber Deeds had been executed.
Prior to Closing, Seller shall use its commercially reasonable efforts to (a) cause the Plum Creek Timber Deeds to be terminated or amended as of the Effective Time, such that the Plum Creek Timber located on the Timberlands conveyed to Purchaser shall no longer be subject to such Plum Creek Timber Deeds; and (b) execute and deliver, and cause to be executed and delivered, new Plum Creek Timber Deeds with respect to the Plum Creek Timber (the "New Plum Creek Timber Deeds").
The New Plum Creek Timber Deeds shall be in a form reasonably acceptable to Purchaser and shall allocate to Purchaser its allocable portion of the benefits under the Plum Creek Timber Deeds, including the rights to receive payments for extension rights exercised thereunder.