Conduct of Timber Business. The Company and each of its Subsidiaries will (a) conduct Timber harvesting in a professional, businesslike manner consistent with good forestry practices, and no waste shall be committed or allowed to occur that materially affects the Timber Market Value (it being understood that reasonable Timber harvesting hereunder does not constitute waste); (b) comply with all current federal, state, and local laws, regulations and ordinances concerning the harvesting of Timber; (c) implement all reasonable measures that are necessary to protect the Timberlands from loss by fire, disease and blight (such measures shall be consistent with generally accepted standards of fire protection practices generally followed on timberland in the same general area, including the maintenance of fire-fighting equipment customary within the industry, proper disposal of slash, maintenance of roads to permit access of fire-fighting equipment to all parts of the Timberlands, and full cooperation with state and federal agencies on matters of fire prevention and control); (d) ensure that all Timber harvested from the Timberlands via pay-as-cut type Timber sales (sales where each load is paid for as it is harvested and delivered to a facility) is scaled (weighed) and monitored pursuant to practices then customary in the industry; and (e) cause Timber harvested from the Timberlands via lump sum Timber sales (sales where Timber is sold standing and full payment is made in advance of harvest) to be scaled or measured using customary Timber inventory techniques while the Timber is standing and prior to sale and harvest.
Conduct of Timber Business. Borrower will (a) conduct Timber harvesting in a professional, businesslike manner consistent with good forestry practices, and no waste shall be committed or allowed to occur that materially affects the value of the Mortgaged Property (it being understood that reasonable Timber harvesting hereunder does not constitute waste);
