Timber LLC definition

Timber LLC means Boise Land & Timber, L.L.C., a Delaware limited liability company and wholly owned subsidiary of Timber Co., which as of the date hereof is treated as a disregarded entity and as a division of Timber Co. for federal income tax purposes. Timber LLC is a Permitted Affiliate Purchaser with respect to the Timberlands. At Holdings' option, and consistent with the LC Commitment Letters, Timber LLC may consist of two such Delaware limited liability companies, in order to accommodate multiple Credit Enhancement Banks, and collectively such limited liability companies will perform the obligations of Timber LLC hereunder.

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Timber LLC means Longview Timber LLC, a Delaware limited liability company.

Timber LLC means each Delaware limited liability company to be formed by the Selling Parties prior to the Closing, pursuant to organizational documents reasonably satisfactory to the Selling Parties and Buying Parties, for the purposes described in Section 1.2, and any successor to each such entity. Each Timber LLC will be wholly owned by one Selling Party.

Examples of Timber LLC in a sentence

Southern Timber, L.L.C. shall have executed and delivered the Southern Timber Assumption Agreement substantially in the form of Exhibit D hereto thereby becoming an obligor in respect of a portion of the indebtedness of the Company (all as more particularly described in Exhibit D).
Timber LLC shall have obtained the standby letter(s) of credit from the Credit Enhancement Banks as necessary to satisfy its obligations under Section 4.1.2.
Subsidiaries of Plum Creek Timberlands, L.P. Plum Creek Timber II, L.L.C. Plum Creek Manufacturing, L.P. Plum Creek Maine Timberlands, L.L.C. Plum Creek Southern Timber, L.L.C. Plum Creek South Central Timberlands, L.L.C. Plum Creek Manufacturing Holding Company, Inc.
Timber LLC shall have obtained one or more standby letters of credit from the Credit Enhancement Banks and entered into the related agreements substantially consistent with the terms of the LC Commitment Letters and shall have tendered delivery of the Timber Notes and the standby letter(s) of credit to Parent and Southern.
Twin Creeks Timber, LLC has caused this certificate to be signed by a duly authorized person on this 4th day of January A.D., 2016.
SECOND: The name of the surviving limited liability company is Twin Creeks Timber, LLC.
Plum Creek, Riverwood and New River Timber, LLC, a Delaware limited liability company and an affiliate of Riverwood ("New River"), are parties to the Asset Purchase Agreement dated as of August 6, 1996 (the "Asset Purchase Agreement").
Participation by the PC Member or any of its Affiliates in Southern Diversified Timber, LLC or any modification or restructuring of the investment structure of Southern Diversified Timber, LLC shall not violate this restriction unless such modified or restructured entity engages in a program of timberland acquisition and acquires additional property (i.e., property not currently owned by Southern Diversified Timber, LLC) meeting the Acquisition Criteria.
Sellers hereby acknowledge and agree that in no event shall the rights of the Purchaser under this Agreement (or any Affiliate which takes title to the assets of Boise Louisiana Land & Timber, L.L.C. hereunder and/or enters into the La Bokay Sublease) be diminished as a result of Purchaser having elected the Asset Purchase Option and not the Equity Purchase Option.
The Executive will serve in the capacity of Chief Executive Officer and President of NewPage Holding Corporation (“NewPage Holding”), Escanaba Timber LLC and the Company and shall serve as a member of the Board of Directors of NewPage Holding (the “Holding Board”) and of the Board of Directors of the Paper Series and the Timber Series of Maple Timber Acquisition LLC (the “Parent”).

More Definitions of Timber LLC

Timber LLC means any one of the Delaware limited liability companies listed on Schedule B attached hereto under the caption “Timber LLCs” (collectively, the “Timber LLCs”).

Timber LLC means up to two (2) Delaware limited liability companies to be formed by Seller prior to the Closing, pursuant to organizational documents reasonably satisfactory to Seller and Purchasing Parties, for the purposes described in Article 2.4, and any successor to such entity.