Timber Assets definition

Timber Assets means, collectively, the Timber and the Timber Lands.
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Timber Assets means the timber and all Real Property described on Schedule 1.1(f) and any timberlands purchased solely using the proceeds from the sale of timber or the disposition of other timberlands or acquired in exchange for such Real Property, provided that "Timber Assets" shall not include timber solely for purposes of subsection 8.2(l).
Sample 1
Timber Assets means (a) any and all timber, crops and other farm products and forest products in which Trustor has any interest, now owned or existing or hereafter acquired or arising, located on the Land, (b) all products and natural increase thereof and all replacements and additions thereto, located on the Land, and (c) any and all of the foregoing property covered by clauses (a) and (b) of this definition now or hereafter located, growing, to be grown, standing, lying, cut or to be cut, but not yet removed from, the Land.
Sample 1

Examples of Timber Assets in a sentence

  • Consequently, Ernst & Young did not comply with GAAS by failing to obtain reasonable assurance that the Material Financial Statements were not materially misstated as it did not obtain sufficient appropriate audit evidence with respect to the ownership and existence of the BVI Standing Timber Assets.

  • One of the audit procedures that Ernst & Young performed relating to the ownership of the BVI Standing Timber Assets was to vouch all purchase transactions to the underlying Purchase Contracts and associated survey reports and forestry bureau confirmations (“Confirmations”) for each fiscal year that it audited.

  • The audit procedures performed by, and the audit evidence obtained by Ernst & Young with respect to Sino-Forest’s ownership of the BVI Standing Timber Assets, were deficient in a number of respects, as outlined below.

  • Although ForesTree IP does not currently invest through such Holding Entities, if it were to do so, it is represented that Resources Group would likely be appointed the investment manager of such entity, or that Resources Group (or an employee) would be appointed as an officer of the entity that holds the Timber Assets.

  • Our firm does not sponsor or serve as a portfolio manager for an investment program involving wrapped (bundled) fees.CCR Section 260.235.2 DisclosureFor Clients who receive our Financial Planning services, we must state when a conflict exists between the interests of our firm and the interests of our Client.

  • ForesTree IP is one of the ForesTree Separate ForesTree IP was 6.5 percent (6.5%) (after John Hancock’s fees).4 ForesTree IP was established with an intended allocation of $25 million to be invested in Timber Assets.

  • Ernst & Young did not obtain sufficient appropriate audit evidence with respect to the ownership and existence of the BVI Standing Timber Assets, defined below, recorded in the Material Financial Statements.

  • The Bergen County One- Stop Career System and the various partner agencies will have knowledgeable staff that will provide information on careers, post-secondary educational opportunities, and job readinessskills.

  • It is ORDERED that pursuant to the Statutory Authority of the NNTRC under 2 N.N.C., §§ 3451-55 and 21 N.N.C. §§ 501-529, this Recommendation is HEREBY ADOPTED.

  • Ernst & Young failed to conduct its audit work relating to the existence and ownership of the BVI Standing Timber Assets recognized in the Material Financial Statements with a sufficient level of professional skepticism.

Related to Timber Assets

  • Customer Assets means the Customer’s infrastructure, data, software, materials, assets, equipment or other property owned by and/or licensed or leased to the Customer and which is or may be used in connection with the provision of the Services;

  • Other Assets means any assets (or interests therein) (other than the Trust Estate) conveyed or purported to be conveyed by the Seller to another Person or Persons other than the Issuer, whether by way of a sale, capital contribution or by virtue of the granting of a lien.

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Transfer Assets means the assets of the Company which the WFOE or its designated entity or individual is entitled to purchase from the Company at the request of the WFOE upon its exercise of the Assets Call Option in accordance with Section 3 hereof, the amount of which may be all or part of the assets of the Company and shall be determined by the WFOE at its sole discretion in accordance with the then effective PRC Law and its commercial needs.

  • Portfolio Assets means all Loan Assets owned by the Borrower, together with all proceeds thereof and other assets or property related thereto, including all right, title and interest of the Borrower in and to:

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

  • Timberlands means, as of any date of determination, all real property owned by or leased to the Borrower or any Subsidiary that is suitable for Timber production, natural resource development or real estate development. For the avoidance of doubt, “Timberlands” shall exclude property, plant and equipment of the Borrower and its Subsidiaries associated with their manufacturing activities.

  • Timber means forest trees, standing or down, of a commercial species, including Christmas trees. However, "timber" does not include Christmas trees that are cultivated by agricultural methods, as that term is defined in RCW 84.33.035.

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

  • Subject Assets is defined in Section 2.2(c).

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Fixed Assets means Equipment and Real Estate.

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

  • Specified Assets the following property and assets of such Grantor:

  • Midstream Assets means (i) assets used primarily for gathering, transmission, storage, processing or treatment of natural gas, natural gas liquids or other hydrocarbons or carbon dioxide and (ii) equity interests of any Person that has no substantial assets other than assets referred to in clause (i).

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • IP Assets means all Intellectual Property owned or used by or purported to be owned or used by the Group Companies.

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Assets and Properties of any Person means all assets and properties of every kind, nature, character and description (whether real, personal or mixed, whether tangible or intangible, and wherever situated), including the goodwill related thereto, operated, owned or leased by such Person.

  • Retained Assets has the meaning set forth in Section 2.2.

  • Project Assets means all physical and other assets relating to and forming part of the Site including:

  • Qualified Assets means any of the following assets: (i) interests, rights, options, warrants or convertible or exchangeable securities of the Partnership; (ii) Debt issued by the Partnership or any Subsidiary thereof in connection with the incurrence of Funding Debt; (iii) equity interests in Qualified REIT Subsidiaries and limited liability companies (or other entities disregarded from their sole owner for U.S. federal income tax purposes, including wholly owned grantor trusts) whose assets consist solely of Qualified Assets; (iv) up to a one percent (1%) equity interest in any partnership or limited liability company at least ninety-nine percent (99%) of the equity of which is owned, directly or indirectly, by the Partnership; (v) cash held for payment of administrative expenses or pending distribution to security holders of the General Partner or any wholly owned Subsidiary thereof or pending contribution to the Partnership; and (vi) other tangible and intangible assets that, taken as a whole, are de minimis in relation to the net assets of the Partnership and its Subsidiaries.

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • surplus assets means the assets after payment of the debts and liabilities remaining on a winding-up of the incorporated association and the costs, charges and expenses of the winding-up;

  • Timberland means land, other than land owned by the federal government and land designated by the board as experimental forest land, which is available for, and capable of, growing a crop of trees of a commercial species used to produce lumber and other forest products, including Christmas trees. Commercial species shall be determined by the board on a district basis.