Retained Timber Tracts definition
Retained Timber Tracts has the meaning specified in Section 1.9.
Examples of Retained Timber Tracts in a sentence
In no case shall Seller engage or authorize TIN or its agents, employees or contractors to engage in any (i) harvesting on any of the Timberlands, except for thinnings on the Retained Timber Tracts, or (ii) clearcutting of Timber or Retained Timber from and after the date of this Agreement, except in connection with a casualty loss or the treatment or prevention of insects or disease, or in connection with any salvage operations related to a casualty loss, insects or disease.
The covenant contained in this Section 7.2(b) shall survive the Closing with respect to the Retained Timber Tracts and the Retained Timber.
TIN and its contractors have the right to harvest timber only on the Retained Timber Tracts.