Timber Deed definition
Examples of Timber Deed in a sentence
Each Landholder shall, from time to time, use its best efforts to obtain from the lessor under any Timber Lease or any grantor or current owner of the property encumbered by any Timber Deed such certificates of estoppel with respect to compliance by such Landholder with the terms of the Timber Lease as may be requested by the Administrative Agent.
Title to the Timber shall pass to Kinzua upon Pioneer's execution and delivery of the Timber Deed.
Grantor and Grantee each agree to promptly notify the other in the event of notice or actual knowledge that injury or damage has occurred, is occurring, or will occur in the future to the Property, the Timber or any other property of Grantor as a result of any activity by a third party, including any violation of this Timber Deed.
If Grantor determines that Grantee is not conducting such operations in compliance with the terms and conditions of this Timber Deed, Grantor shall notify Grantee of such non-compliance in writing, describing such non-compliance with reasonable specificity.
The policy shall contain a specific endorsement affording coverage to all “non-owned and hired“ vehicles used by Grantee or the contractor or agent in conducting operations under this Timber Deed.
Furthermore, no relationship of employer-employee or master and servant is intended, nor shall it be construed, to exist between the parties, or between any party and any servant, agent, contractor, customer, employee and/or supplier of any other party, by reason of this Timber Deed.
Timber Deed, dated June 20, 2014, between Silco Timber LLC, as grantor, and Rayonier Performance Fibers, LLC, as grantee, with respect to the right to harvest timber located in Camden County, Georgia.
All risk of loss to the Timber shall pass from Grantor to Grantee concurrently with the execution and delivery of this Timber Deed.
Nothing herein shall restrict Grantor’s right to transfer, in whole or in part, its rights in and to the Property, provided that any such transfer (other than transfers of rights in and to any portion of the Released Property) prior to the expiration of the Timber Rights shall be subject to this Timber Deed.
Grantor and Grantee have caused this Timber Deed to be executed as of the date first above written.