Stumpage definition

Stumpage means the quantity of merchantable tim- ber by product and species as listed in s. NR 46.30.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Stumpage means the value of timber as it exists, uncut, within a harvest unit, expressed in terms of dollars per thousand board feet, dollars per ton, or other appropriate value per unit designation.

Stumpage means the value of timber as it exists uncut within a harvest unit, expressed in terms

Examples of Stumpage in a sentence

Stumpage fees and Forest Improvement fees are not subject to a downward adjustment under this clause.
Stumpage rates for any volume cut, skidded or hauled during the extension period will be escalated a minimum of 10% to reflect the interest lost to the trust beneficiaries.
Stumpage price shall be adjusted under D.3.1 to account for differences between replacement timber and timber deleted.
In the event of a default by PURCHASER for failure to make payments of Stumpage Fees, or Performance Bond, or for failure to obtain or maintain insurance as required herein, Timber Operations must cease immediately upon PURCHASER’s knowledge of the default or upon notice from the STATE, whichever is earlier.
Stumpage fees are not subject to a downward adjustment under this clause.

More Definitions of Stumpage

Stumpage means the trees standing on the ▇▇▇▇▇ prior to harvest activities.

Stumpage means standing tree.

Stumpage means the value of chiplogs as they stand in the pine plantations immediately before being cut;

Stumpage means timber in unprocessed form as it is found in the woods.

Stumpage means the price payable for Pulpwood under Schedule 9 which excludes other costs and charges as detailed in Schedule 10.

Stumpage means the amount as determined by the Minister which is payable to the Crown for timber harvested on Crown lands;

Stumpage means the price payable to the Province of British Columbia per m3 as stumpage pursuant to the Licence.