Timber Manager definition
Examples of Timber Manager in a sentence
Each such quarterly report shall be certified true and correct by a Financial Officer of the applicable Landholder and each Timber Manager, including a certification that such Landholder and the Timberland are in compliance with the Harvest Plan and the requirements of this Section.
Each such quarterly report shall be certified true and correct by a Financial Officer of the applicable Landholder and the Timber Manager, including a certification that such Landholder and the Timberland are in compliance with the Harvest Plan and the requirements of this Section.
The request shall be given not earlier than the delivery of the audited financial statements of the Borrower and its Subsidiaries for the Fiscal Year just ended nor later than the November 15 immediately following the last day of the Fiscal Year covered by the most recently delivered audited financial statements of the Borrower and its Subsidiaries.
The Manager of the Company and of each Series, in consultation with the Series One Property Manager and Series Two Timber Manager, as applicable, shall establish commercially reasonable procedures designed to ensure that all deeds, leases, contracts, title matters, surveys and other documentation, records and financial information relating to the ownership, maintenance, harvesting and sale of the Properties are maintained in safekeeping and organized and accessible to the Members.
The Series One Property Management Agreement and the Series Two Timber Management Agreement each set forth the schedule for the preparation by the Series One Property Manager or Series Two Timber Manager, as applicable, of the Annual Plan, as well as for the preparation by the Series One Property Manager or Series Two Timber Manager, as applicable, of the three (3) year and fifteen (15) year informational plans described therein.
The PC Member and PC TRS are Members and Plum Creek Property Management Company, LLC is the Series One Property Manager pursuant to the Series One Property Management Agreement and the Series Two Timber Manager pursuant to the Series Two Timber Management Agreement.
Such updated Timberland inventory report shall, among other things, reflect volumes removed, destroyed or miscalculated pursuant to the records and/or knowledge of such Landholder and/or the Timber Manager, plus the then applicable added growth of the Timber volumes since the latest of either (i) the date of the last inventory report or (ii) such Landholder’s last proprietary internal inventory system volume estimate.
The business purposes of Series Two shall be to engage in any business activities permitted under the Act, including to enter into the Master Stumpage Agreement and the Series Two Timber Management Agreement and to receive the benefits therefrom, including, through the Series Two Timber Manager, logging, hauling, merchandising, and selling logs as permitted by the Master Stumpage Agreement, and to perform its obligations under the Master Stumpage Agreement and the Series Two Timber Management Agreement.
Such updated Timberland inventory report shall, among other things, reflect volumes removed, destroyed or miscalculated pursuant to the records and/or knowledge of ▇▇▇▇▇ Timberland and/or the Timber Manager, plus the then applicable added growth of the Timber volumes since the latest of either (i) the date of the last inventory report or (ii) ▇▇▇▇▇ Timberland’s last proprietary internal inventory system volume estimate.
The Manager shall review and approve a combined annual plan prepared and proposed by the Series One Property Manager under the process set forth in the Series One Property Management Agreement and by the Series Two Timber Manager under the process set forth in the Series Two Timber Management Agreement (upon such approval, an “Annual Plan”).