Timber Price definition
Examples of Timber Price in a sentence
At the Closing, the Installment Note Purchase Price (and, as appropriate, the Timber Price and the Land Price) shall be reduced (in the form of a reduction to the aggregate principal amount of the Timber Notes) by an amount equal to the aggregate fair market value of the Timberlands subject to such Title Failure Carveouts or Title Objection Carveouts, if any, as calculated in accordance with Exhibit B, or, in the case of Leasehold Interests, this Section 2.3(b)(iv).
Separate Timber Notes shall be issued in payment of the Timber Price and the Land Price, and each Timber Note shall indicate on its face whether it is issued in payment of the Timber Price or the Land Price.
Timber values will be based upon the current OSU Ohio Timber Price Report.