Common use of Maintenance of Timber Tenures Clause in Contracts

Maintenance of Timber Tenures. The Borrowers will maintain, and will cause the Material Subsidiaries to maintain, in good standing and not be in material breach of any of the terms or conditions of any of their material Timber Tenures, and the Borrowers will forthwith upon receipt thereof deliver to the Administration Agent, for delivery to the Lenders, a copy of any notice from the Minister of Forests cancelling or suspending or purporting to cancel or suspend or impair the rights of either of the Borrowers or any Material Subsidiary (including any reduction of allowable annual cut) pursuant to any of such Timber Tenures.