Rayonier definition
Examples of Rayonier in a sentence
The Administrative Agent, the Lenders and the Borrowers hereby agree that, with the prior written consent of Rayonier (such consent not to be unreasonably conditioned, withheld or delayed), the Administrative Agent and/or any Lender may, in their respective discretion, place advertisements in financial and other newspapers and periodicals, and on a home page or similar place for dissemination of information on the Internet or worldwide web.
If an Event of Default under Section 6.01(a) shall have occurred and be continuing, Rayonier shall not make, and shall not permit any of its Subsidiaries to make, any Restricted Payments whatsoever.
The obligations and undertakings of the Borrowers and the Qualified ECP Guarantors under this Section 21 shall remain in full force and effect until the Revolving Credit Obligations, the Rayonier Term Loan Obligations and the Potlatch Term Loan Obligations have been indefeasibly paid and performed in full.
Reference is made to that certain Amended and Restated Credit Agreement, dated as of August 15, 2025, among Rayonier, TRS, ROC and RLP as borrowers, the Lenders (as defined therein) party thereto and CoBank, ACB, as an Issuing Bank, Swing Line Lender and Administrative Agent for the Lenders (each as defined therein) (the “Existing Rayonier Credit Agreement”).
In addition, any indebtedness of any Rayonier Term Loan Borrower now or hereafter held by any Rayonier Term Loan Guarantor is hereby subordinated in right of payment to the prior payment in full of the Rayonier Term Loan Obligations during the existence of an Event of Default.
Make, or permit any of its Subsidiaries to make, any material change in the nature of the business of Rayonier and its Subsidiaries taken as a whole as carried on at the Closing Date (exclusive of, for the avoidance of doubt, engaging in businesses reasonably related, ancillary or complementary thereto or reasonable extensions thereof).
Reference is made to the Second Amended and Restated Credit Agreement dated as of January 30, 2026 (as amended, supplemented or otherwise modified, the “Credit Agreement”), among the Rayonier Borrowers and the Potlatch Borrowers, as borrowers, the lenders from time to time party thereto (the “Lenders”) and CoBank, ACB, as an Issuing Bank (the “Issuing Bank”), as Swing Line Lender (the “Swing Line Lender”) and as Administrative Agent.
Each Rayonier Term Loan Guarantor further agrees that the Rayonier Term Loan Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee notwithstanding any extension or renewal of any Rayonier Term Loan Obligation.
If any Event of Default (other than an Event of Default under Section 6.01(a)) shall have occurred and be continuing or would immediately result therefrom, make, or permit any of its Subsidiaries to make, any Restricted Payments, other than Restricted Payments necessary for each of Rayonier and any of its Subsidiaries that are REITs to maintain their respective tax status as a REIT.
Pursuant to applicable law, each of the Rayonier Term Loan Guarantors waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of such Rayonier Term Loan Guarantor against any Rayonier Term Loan Borrower, any other Rayonier Term Loan Guarantor or guarantor, as the case may be, or any collateral security.