RECOGNITION AGREEMENT (Fiber Supply Agreement) (Alabama)
Exhibit 10.20
[Form
— Alabama]
THIS INSTRUMENT PREPARED BY,
AND RECORDING REQUESTED BY:
AND RECORDING REQUESTED BY:
Xxxxxx X. Xxxxx
Xxxxxxxxxx Xxxxxx & Xxxxxxx LLP
000 Xxxxxxxxx Xxxxxx XX
Xxxxxxx, Xxxxxxx 00000
(000) 000-0000
Xxxxxxxxxx Xxxxxx & Xxxxxxx LLP
000 Xxxxxxxxx Xxxxxx XX
Xxxxxxx, Xxxxxxx 00000
(000) 000-0000
RECOGNITION AGREEMENT, dated as of October 9, 2007 (as amended, restated, supplemented or
otherwise modified from time to time, the “Agreement”), among XXXXX TRS HARVESTING
OPERATIONS, LLC, a Delaware limited liability company (together with such company and with any
assignee or delegate of any of its rights and/or responsibilities under the Fiber Supply Agreement
(as defined below), the “Supplier”), TIMBERLANDS II, LLC, a Delaware limited liability
company (“Xxxxx Timberland”; together with any future owner of the Timberlands (as defined
below), the “Owner”), MEADWESTVACO COATED BOARD, INC., a Delaware corporation
(“MW”), MEADWESTVACO CORPORATION, a Delaware corporation (the “Parent”), COBANK,
ACB, as administrative agent (in such capacity, the “Senior Administrative Agent”) for the
2007 Senior Lenders (as defined below), and WACHOVIA BANK, N.A., as administrative agent (in such
capacity, the “Subordinated Administrative Agent”) for the 2007 Subordinated Lenders (as
defined below).
W I T N E S S E T H:
WHEREAS, the Supplier, the Parent, and MW have entered into the Fiber Supply Agreement, dated
as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time,
the “Fiber Supply Agreement”), and Xxxxx Timberland, the Supplier, the Parent and MW have
entered into the Master Stumpage Agreement, dated as of the date hereof (as amended, restated,
modified or otherwise supplemented from time to time, the “Master Stumpage Agreement”),
each of which Agreements affects certain land with the timber thereon and appurtenances thereto
more particularly described in Exhibit A attached hereto (collectively, the “Timberlands”);
WHEREAS, Xxxxx Timberland and Xxxxx Timberland Acquisition, LLC, a Delaware limited liability
company (“Xxxxx Acquisition”; together with Xxxxx Timberland, the “Borrowers”),
various financial institutions (collectively, the “2007 Senior Lenders”) and the Senior
Administrative Agent are parties to the Credit Agreement, dated as of the date hereof (as amended,
restated or otherwise modified from time to time, the “Senior Credit Agreement”), pursuant
to which the 2007 Senior Lenders will make certain loans (the “Senior Loans”) in favor of
the Borrowers;
WHEREAS, Xxxxx Timberland and Xxxxx Acquisition, various financial institutions (collectively,
the “2007 Subordinated Lenders”) and the Subordinated Administrative Agent are parties to
the Subordinated Credit Agreement, dated as of the date hereof (as amended, restated or otherwise
modified from time to time, the “Subordinated Credit Agreement”), pursuant to which the
2007 Subordinated Lenders will make certain loans (the “Subordinated Loans”) in favor of
the Borrowers;
WHEREAS, as security for the Senior Loans and all other obligations of the Borrowers and the
other loan parties under the Senior Credit Agreement and the other Loan Documents (as defined in
the Senior Credit Agreement), Xxxxx Timberland has executed first priority perfected mortgages,
security agreements, assignments of leases and rents and financing statements (collectively, the
“2007 Senior Mortgages”) in favor of the Senior Administrative Agent for the benefit of the
2007 Senior Lenders with respect to all of the Timberlands;
WHEREAS, as security for the Subordinated Loans and all other obligations of the Borrowers and
the other loan parties under the Subordinated Credit Agreement and the Subordinated Debt Documents
(as defined in the Senior Credit Agreement), Xxxxx Timberland has executed second priority
perfected mortgages, security agreements, assignments of leases and rents and financing statements
(collectively, the “2007 Subordinated Mortgages”) in favor of the Subordinated
Administrative Agent for the benefit of the 2007 Subordinated Lenders with respect to all of the
Timberlands;
WHEREAS, the Supplier has guaranteed the repayment of the Senior Loans, the Subordinated Loans
and of all other obligations of the Borrowers and the other loan parties under the Loan Documents
and the Subordinated Debt Documents;
WHEREAS, as security for the Senior Loans and all other obligations of the Borrowers and the
other loan parties under the Loan Documents, each of the Supplier and Xxxxx Timberland has
collaterally assigned, and granted a first priority security interest in, among other things, all
of its right, title and interest in, to and under, the Fiber Supply Agreement to the Senior
Administrative Agent for the benefit of the 2007 Senior Lenders;
WHEREAS, as security for the Subordinated Loans and all other obligations of the Borrowers and
the other loan parties under the Subordinated Debt Documents, each of the Supplier and Xxxxx
Timberland has collaterally assigned, and granted a second priority security interest in, among
other things, all of its right, title and interest in, to and under, the Fiber Supply Agreement to
the Subordinated Administrative Agent for the benefit of the 2007 Subordinated Lenders;
WHEREAS, the Senior Administrative Agent and the 2007 Senior Lenders require, as a condition
to the 2007 Senior Lenders’ making the Senior Loans pursuant to the Senior Credit Agreement, that
the parties hereto execute and deliver this Agreement;
WHEREAS, the Subordinated Administrative Agent and the 2007 Subordinated Lenders require, as a
condition to the 2007 Subordinated Lenders’ making the Subordinated Loans
pursuant to the Subordinated Credit Agreement, that the parties hereto execute and deliver
this Agreement; and
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WHEREAS, all of the parties hereto wish for any person or party (a “Lender,” and
collectively, the “Lenders”), to which, now or in the future, any fee or leasehold interest
owner of all or any of the Timberlands grants or conveys any mortgage, deed to secure debt or
security agreement or other collateral interest of or in all or any of the Timberlands and/or of
or in the Owner or the Supplier’s rights under the Fiber Supply Agreement (any such mortgage, deed
to secure debt or security agreement is herein called a “Mortgage,” and collectively, and
including the 2007 Senior Mortgages and the 2007 Subordinated Mortgages, the “Mortgages”),
to have the benefits and burdens of this Agreement.
NOW, THEREFORE, in consideration of the premises set for the herein and for good and valuable
consideration, the receipt and sufficiency of which is hereby confirmed, the parties hereto hereby
agree as follows:
ARTICLE I
MORTGAGES RESPECTING TIMBERLANDS
MORTGAGES RESPECTING TIMBERLANDS
SECTION 1.1 Consents to Current and Future Mortgages. Each of MW and the Parent
consents to the 2007 Senior Mortgages and the 2007 Subordinated Mortgages and to the exercise by
the Senior Administrative Agent, the Subordinated Administrative Agent, the 2007 Senior Lenders and
the 2007 Subordinated Lenders of any and all of their rights under such 2007 Senior Mortgages and
2007 Subordinated Mortgages, respectively. In addition, and notwithstanding any term of the Fiber
Supply Agreement or any other agreement or instrument to which MW and/or the Parent is or may be a
party, at any time and from time to time, the Owner and/or the Supplier, without the consent of, or
review by, MW or the Parent, may grant, convey, or otherwise create Mortgages, so long as (a) each
such Mortgage is effectively subject to the Fiber Supply Agreement, (b) any subsequent Transfer (as
defined in the Fiber Supply Agreement) of Timberlands upon the enforcement by any such Lender of
any rights under such Mortgage or other similar liens is subject to the Fiber Supply Agreement so
that the transferee from such Lender takes the Timberlands subject to the Fiber Supply Agreement
and (c) MW and the Parent are given written notice of any such Mortgage (other than the 2007 Senior
Mortgages and the 2007 Subordinated Mortgages) at least ten days prior to the effective date
thereof.
SECTION 1.2 Mortgage Protective Provisions. The following shall apply to each
Mortgage:
(a) Upon (i) the occurrence and during the continuance of any default by the Supplier or the
Owner under the Fiber Supply Agreement, (ii) any event that would allow MW or the Parent to
exercise remedies under the Fiber Supply Agreement or (iii) any event that would allow MW to accept
assignment of the Supplier’s rights under the Master Stumpage Agreement, MW shall provide the
Lenders with immediate written notice (a “Default Notice”) thereof; provided, that the
obligation of MW to provide any Default Notice shall not arise until MW has, or should have had
(with the exercise of reasonable business due diligence), actual notice of any of the items
specified in Section 1.2 (a) (i), (ii), or (iii) above. No Default Notice shall be effective
unless and until a copy of the Default Notice is provided to the Lenders in accordance with the
provisions of Section 2.2.
(b) After receipt by the Lenders of a Default Notice, the Lenders shall have the right, in
their sole discretion, but not the obligation, for a period (the “Cure Period”) of 180
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days
following the Lenders’ receipt of the Default Notice, to cure the default specified in the Default
Notice within such time as the Lenders, through the exercise of reasonable diligence, may
reasonably require to cure or cause to be cured such default, including any time required to obtain
possession of and title to the interest in the Timberlands by foreclosure or otherwise. During the
Cure Period, MW shall not be permitted to terminate the Fiber Supply Agreement, but shall be
permitted to exercise any other right or remedy available to it under the Fiber Supply Agreement,
including the rights and remedies set forth in Section 7.2 of the Fiber Supply Agreement. If
during a Cure Period (i) MW exercises its right under Section 7.2 of the Fiber Supply Agreement to
cause the Supplier’s rights, interests and obligations in and under the Master Stumpage Agreement
to be assigned to it and (ii) the Lenders cure the default specified in the applicable Default
Notice on or prior to the expiration of the Cure Period, MW shall assign such Section 7.2 rights,
interests and obligations to the Lenders or their designee, which may, at the sole election of the
Lenders, be the Supplier. MW shall accept performance and enforcement of the Supplier’s
obligations and rights under the Fiber Supply Agreement by the Lenders and their assigns and
designees.
(c) In the event of (i) the institution of any foreclosure, trustee’s sale or other like
proceeding, (ii) the appointment of a receiver for the Supplier or the Timberlands, (iii) the
exercise of rights to collect rents under any Mortgage or assignment of rents, (iv) the recording
by any Lender of a deed in lieu of foreclosure for the Timberlands or (v) any transfer or
abandonment of possession of the Timberlands to a Lender in connection with any case or proceedings
affecting the Supplier under the Bankruptcy Code, 11 U.S.C. § 101 et seq. (any such
action in the preceding clauses is herein called a “Specified Transfer”, and the Lender or
any party taking title to the Timberlands in connection with a Specified Transfer is herein called
the “Transferee”), upon any such Transferee succeeding to the interest of the Supplier
under the Fiber Supply Agreement, MW shall attorn to the Transferee and recognize it as the
applicable party under the Fiber Supply Agreement for its remaining term.
(d) In no event shall any Lender or any Transferee have any liability with respect to, or be
subject to, any of the following: (i) any amendment, modification, termination or subordination of
the Fiber Supply Agreement to which the Lender has not given its prior written consent; (ii) any
prepayment made by MW under the Fiber Supply Agreement; (iii) any default under the Fiber Supply
Agreement that occurred prior to the Transferee’s obtaining title to an interest in the
Timberlands, except to the extent said default continues thereafter; (iv) any such default that is
impossible or impractical for Lenders or the Transferee to cure; and (v) any offsets or defenses
that MW or the Parent may assert against Xxxxx Timberland or the Supplier as a result of any
events, actions, or omissions that occurred prior to the Transferee’s obtaining title to an
interest in the Timberlands. MW and the Parent hereby jointly and severally agree to execute and
deliver such instruments and agreements as may be reasonably requested by any Lender to confirm the
provisions of this Agreement. Notwithstanding anything to the contrary appearing in this
Agreement, nothing in this Agreement, including, without limitation, the provisions of this Section
1.2(d), shall limit the recourse of MW and Parent against, or the obligations to MW or Parent of,
Supplier, Owner or their respective successors and assigns.
SECTION 1.3 Limitations on Assignment and Substitution. Notwithstanding any terms of
any agreement, including, without limitation, the assignment and substitution rights
provided to MW under Section 10.2 of the Fiber Supply Agreement, MW and/ or the Parent shall
not, without the prior written consent of the Lenders, which consent may be withheld by the
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Lenders
in their sole discretion, assign or delegate to, or cause to be assumed by, any other party any of
the rights or responsibilities of MW and/or the Parent under the Fiber Supply Agreement.
ARTICLE II
MISCELLANEOUS
MISCELLANEOUS
SECTION 2.1 Administrative Agents Act for All 2007 Lenders. So long as there are any
obligations outstanding or unpaid under the Senior Credit Agreement, the Subordinated Credit
Agreement, the other Loan Documents or the other Subordinated Debt Documents, respectively, all
references in this Agreement to a “Lender” or the “Lenders” shall be deemed to refer to the Senior
Administrative Agent and the Subordinated Administrative Agent, respectively, who, individually, on
behalf of all Lenders under the Loan Documents and Subordinated Debt Documents, respectively, shall
receive all notices, provide all communications, and take all other actions taken pursuant to this
Agreement. Additionally, in the case of any Mortgage (other than the 2007 Senior Mortgages and the
2007 Subordinated Mortgages) securing loans and other obligations under or in connection with a
loan agreement or credit agreement having or providing for multiple Lenders, all references in this
Agreement to a “Lender” or the “Lenders” thereunder shall be deemed to refer to the administrative
agent (or the functional equivalent) thereunder, who, individually and on behalf of all such
Lenders under such loan or credit agreement, shall receive all notices, provide all communications,
and take all other actions on behalf of such Lenders pursuant to this Agreement.
SECTION 2.2 Notices. All notices and other communications provided to any party
hereto under this Agreement shall be in writing, shall be delivered by hand or overnight courier
service, mailed by certified or registered mail or sent by telecopier, and addressed as specified
by the Lenders and the parties hereto, with the current parties to be addressed as follows:
If to the Supplier: | Xxxxx TRS Harvesting Operations, LLC | |||
c/x Xxxxx REIT, Inc. | ||||
0000 Xxx Xxxxxxx Xxxxxxx | ||||
Xxxxxxxx, Xxxxxxx 00000-0000 | ||||
Attention: Xxx Xxxxxx | ||||
Facsimile No.: 000-000-0000 | ||||
If to Xxxxx Timberland: | Timberlands II, LLC | |||
c/x Xxxxx REIT, Inc. | ||||
0000 Xxx Xxxxxxx Xxxxxxx | ||||
Xxxxxxxx, Xxxxxxx 00000-0000 | ||||
Attention: Xxx Xxxxxx | ||||
Facsimile No.: 000-000-0000 | ||||
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With a copy to: | ||||
Xxxxxx Xxxxxxxxx LLP | ||||
One Atlantic Center, Fourteenth Floor | ||||
0000 Xxxx Xxxxxxxxx Xxxxxx, X.X. | ||||
Xxxxxxx, Xxxxxxx 00000-0000 | ||||
Attention: Xxxx Xxxxxxx, Esq. | ||||
Facsimile No.: 000-000-0000 | ||||
If to MW or the Parent: | Corporate Secretary | |||
MeadWestvaco Corporation | ||||
0000 Xxxx Xxxxx Xxxxxx | ||||
Xxxx Xxxxx, Xxxxxxxx 00000 | ||||
With a copy to, if by courier: | ||||
MeadWestvaco Corporation | ||||
Plant Manager, Xxxxx Xxxx | ||||
Xxxxxxx 000 Xxxxx | ||||
Xxxxxxxxx, Xxxxxxx 00000 | ||||
With a copy to, if by US Post Office: | ||||
MeadWestvaco Corporation | ||||
Plant Manager, Xxxxx Mill | ||||
X.X. Xxx 000 | ||||
Xxxxxxx Xxxx, Xxxxxxx 00000 | ||||
If to the 2007 Senior Lenders, to the Senior Administrative Agent: |
||||
CoBank, ACB | ||||
0000 X. Xxxxxx Xxxxxx | ||||
Xxxxxxxxx Xxxxxxx, Xxxxxxxx 00000 | ||||
Attention: Syndications Coordinator, Corporate Finance Division | ||||
Facsimile No.: 000-000-0000 | ||||
If to the 2007 Subordinated Lenders, to the Subordinated Administrative Agent: |
Wachovia Bank, National Association | |||
000 Xxxxx Xxxxxxx Xxxxxx, XX0000 | ||||
Charlotte, North Carolina 28288-01741 | ||||
Attention: Xxxxx Xxxxxxx, Structured Asset Finance | ||||
Facsimile No.: (000) 000-0000 |
The above parties may, by notice given hereunder, designate any further or different addresses to
which subsequent notices or other communications shall be sent. Notices sent by hand or overnight
courier service, or mailed by certified or registered mail, shall be deemed to have been given when
received; notices sent by telecopier shall be deemed to have been given when sent
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(except that, if not given during normal business hours for the recipient, shall be deemed to have
been given at the opening of business on the next business day for the recipient).
SECTION 2.3 Applicable Law; Successors and Assigns. THIS RECOGNITION AGREEMENT SHALL
BE GOVERNED AND CONSTRUED ACCORDING TO THE LAWS OF THE STATE OF NEW YORK AND SHALL BE BINDING UPON
THE PARTIES AND THEIR RESPECTIVE SUCCESSORS AND ASSIGNS.
SECTION 2.4 Forum Selection and Consent to Jurisdiction. ANY LITIGATION BASED HEREON,
OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS RECOGNITION AGREEMENT, OR ANY COURSE OF
CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF THE PARTIES HERETO
SHALL BE BROUGHT AND MAINTAINED EXCLUSIVELY IN THE FEDERAL OR STATE COURTS OF NEW YORK LOCATED IN
THE BOROUGH OF MANHATTAN AND IN THE COUNTY OF NEW YORK. THE PARTIES HERETO HEREBY EXPRESSLY AND
IRREVOCABLY SUBMIT TO THE JURISDICTION OF SUCH COURTS FOR THE PURPOSE OF ANY SUCH LITIGATION AS SET
FORTH ABOVE AND IRREVOCABLY AGREE TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY IN CONNECTION WITH
SUCH LITIGATION. THE PARTIES HERETO FURTHER IRREVOCABLY CONSENT TO THE SERVICE OF PROCESS BY
REGISTERED MAIL, POSTAGE PREPAID, OR BY PERSONAL SERVICE WITHIN OR WITHOUT THE STATE OF NEW YORK.
THE PARTIES HERETO HEREBY EXPRESSLY AND IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY LAW,
ANY OBJECTION WHICH THEY MAY HAVE OR HEREAFTER MAY HAVE TO THE LAYING OF VENUE OF ANY SUCH
LITIGATION BROUGHT IN ANY SUCH COURT REFERRED TO ABOVE AND ANY CLAIM THAT ANY SUCH LITIGATION HAS
BEEN BROUGHT IN AN INCONVENIENT FORUM. TO THE EXTENT THAT ANY PARTY HERETO HAS OR HEREAFTER MAY
ACQUIRE ANY IMMUNITY FROM JURISDICTION OF ANY COURT OR FROM ANY LEGAL PROCESS (WHETHER THROUGH
SERVICE OR NOTICE, ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION OR OTHERWISE) WITH
RESPECT TO ITSELF OR ITS PROPERTY, SUCH PARTY HEREBY IRREVOCABLY WAIVES SUCH IMMUNITY IN RESPECT OF
ITS OBLIGATIONS UNDER THIS RECOGNITION AGREEMENT AND THE OTHER LOAN DOCUMENTS.
SECTION 2.5 Waiver of Jury Trial, etc. EACH PARTY HERETO HEREBY KNOWINGLY,
VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHTS IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY
LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS RECOGNITION
AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS
(WHETHER ORAL OR WRITTEN) OR ACTIONS OF THE PARTIES HERETO. THE PARTIES HERETO ACKNOWLEDGE AND
AGREE THAT THEY HAVE RECEIVED FULL AND SUFFICIENT CONSIDERATION FOR THIS PROVISION AND THAT THIS
PROVISION IS A MATERIAL INDUCEMENT FOR THE SENIOR ADMINISTRATIVE
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AGENT AND THE SUBORDINATED ADMINISTRATIVE AGENT TO ENTER INTO THIS AGREEMENT.
SECTION 2.6 Counterparts. This Agreement may be executed by the parties hereto in
several counterparts, each of which shall be deemed to be an original and all of which shall
constitute but one and the same agreement.
SECTION 2.7 Headings Descriptive. The headings of the several sections and
subsections of this Agreement are inserted for convenience only and shall not in any way affect the
meaning or construction of any provision of this Agreement.
SECTION 2.8 Severability. Any provision of this Agreement which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining provisions of this
Agreement or affecting the validity or enforceability of such provisions in any other jurisdiction.
SECTION 2.9 Amendment, Waiver. Neither this Agreement nor any of the terms hereof may
be terminated, amended, supplemented, waived or modified except by an instrument in writing signed
by the Owner, MW, and all Lenders holding a Mortgage on any portion of the Timberlands on the date
of the instrument.
SECTION 2.10 Survival. All agreements, statements, representations and warranties
made by the parties herein shall be considered to have been relied upon by the Senior
Administrative Agent, the Subordinated Administrative Agent, the 2007 Senior Lenders and the 2007
Subordinated Lenders and shall survive the execution and delivery of this Agreement.
SECTION 2.11 No Waiver; Remedies Cumulative. No failure or delay on the part of any
Lender in exercising any right, power or privilege hereunder, and no course of dealing between a
Lender and any other party, shall operate as a waiver thereof, nor shall any single or partial
exercise of any right, power or privilege hereunder preclude any other exercise, or the further
exercise, of any other right, power or privilege hereunder. The rights and remedies herein
expressly provided are cumulative and not exclusive of any rights or remedies which the Lender or
any party would otherwise have.
[Signature Pages to Follow]
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IN WITNESS WHEREOF, the parties have executed or caused this Agreement to be executed by
persons authorized to sign on their respective behalf, all as of the day and date first above set
out.
XXXXX TRS HARVESTING
OPERATIONS, LLC, a Delaware limited liability company |
||||||
By: Forest Resource Consultants, Inc., a Georgia corporation, | ||||||
Its Manager | ||||||
By: | /s/ Xxxxx Foil | |||||
Name: Title: |
Xxxxx Foil President |
STATE OF |
Georgia | |||
COUNTY OF |
Xxxxxx | |||
Before me, the undersigned Notary Public in and for the State and County aforesaid, personally
appeared the following person, with whom I am personally acquainted: Xxxxx Foil, who acknowledged
himself to be the President of Forest Resource Consultants, Inc., a Georgia corporation, as Manager
of Xxxxx TRS Harvesting Operations, LLC, a Delaware limited liability company. Xxxxx Foil, of such
corporation, being authorized to do so, executed the foregoing instrument for the purposes therein
contained by signing his name as the aforementioned officer of such corporation as his free act and
deed and the free act and deed of said corporation.
Xxxxx
X. Xxxxx |
||
/s/ Xxxxx
X. Xxxxx |
||
Signature of Notary
|
[NOTARY SEAL] | |
My commission expires: |
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8/23/11 |
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Recognition
Agreement (Fiber Supply Agreement) - Alabama
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TIMBERLANDS II, LLC, a Delaware limited | ||||||
liability company | ||||||
By: Xxxxx Timberland Management | ||||||
Organization, LLC, a Georgia limited | ||||||
liability company, Its Manager | ||||||
By: | /s/ Xxxx X. Xxxxxxx | |||||
Name: | Xxxx X. Xxxxxxx | |||||
Title: | President |
STATE OF |
Georgia | |||
COUNTY OF |
Xxxxxx | |||
Before
me, the undersigned Notary Public in and for the State and County aforesaid, personally
appeared the following person, with whom I am personally acquainted: Xxxx X. Xxxxxxx, who
acknowledged himself to be the President of Xxxxx Timberland Management Organization, LLC, a
Georgia limited liability company, as Manager of Timberlands II, LLC, a Delaware limited liability
company. Xxxx X. Xxxxxxx, of such limited liability company, being authorized to do so, executed
the foregoing instrument for the purposes therein contained by signing his name as the
aforementioned officer of such limited liability company as his free act and deed and the free act
and deed of said limited liability company.
Xxxxx X. Xxxxx |
||
/s/ Xxxxx X. Xxxxx |
||
Signature of Notary |
[NOTARY SEAL] | |
My commission expires: |
||
8/23/11 |
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Agreement (Fiber Supply Agreement) - Alabama
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MEADWESTVACO COATED BOARD, INC., | ||||||
a Delaware corporation | ||||||
By: | /s/ Xxxxx X. Xxxx | |||||
Name: | Xxxxx X. Xxxx | |||||
Title: | Vice President — Forestry |
STATE OF |
Georgia | |||
COUNTY OF |
Xxxxxx | |||
Before me, the
undersigned Notary Public in and for the State and County aforesaid, personally
appeared the following person, with whom I am personally acquainted: Xxxxx X. Xxxx, who
acknowledged [himself/herself] to be the Vice President — Forestry of MeadWestvaco Coated Board, Inc., a
Delaware corporation. Xxxxx X. Xxxx, of such corporation, being authorized to do so, executed
the foregoing instrument for the purposes therein contained by signing [his/her] name as the
aforementioned officer of such corporation as [his/her] free act and deed and the free act and deed
of said corporation.
Xxxxxxxx X. Xxxxxxx |
||
/s/ Xxxxxxxx X. Xxxxxxx |
||
Signature of Notary |
[NOTARY SEAL] | |
My commission expires: |
||
9/20/10 |
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MEADWESTVACO CORPORATION, a Delaware corporation |
||||||
By: | /s/ Xxxxx X. Xxxx | |||||
Name: | Xxxxx X. Xxxx | |||||
Title: | Vice President — Forestry |
STATE OF |
Georgia | |||
COUNTY OF |
Xxxxxx | |||
Before me, the undersigned Notary Public in and for the State and County aforesaid, personally
appeared the following person, with whom I am personally acquainted:
Xxxxx X. Xxxx, who
acknowledged [himself/herself] to be the Vice
President—Forestry of MeadWestvaco Corporation, a Delaware
corporation. Xxxxx X. Xxxx, of such corporation, being authorized to do so, executed the
foregoing instrument for the purposes therein contained by signing [his/her] name as the
aforementioned officer of such corporation as [his/her] free act and deed and the free act and deed
of said corporation.
Xxxxxxxx
X. Xxxxxxx
Printed Name of Notary
|
||
/s/
Xxxxxxxx
X. Xxxxxxx |
||
Signature of Notary
|
[NOTARY SEAL] | |
My commission expires: |
||
9/20/10 |
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Agreement (Fiber Supply Agreement) - Alabama
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COBANK, ACB, as administrative agent for
the lenders under the Senior Credit Agreement |
||||||
By: | /s/ Xxxxxxx Xxxxxxxxxx | |||||
Name: | Xxxxxxx Xxxxxxxxxx | |||||
Title: | VP |
STATE OF |
Colorado | |||
COUNTY OF |
Arapahoe |
Before me, the undersigned Notary Public in and for the State and County aforesaid, personally
appeared the following person, with whom I am personally acquainted: Xxxxxxx Xxxxxxxxxx, who
acknowledged [himself/herself] to be the
VP of CoBank, ACB. Xxxxxxx Xxxxxxxxxx, of such bank, being
authorized so to do, executed the foregoing instrument for the purposes therein contained by
signing [his/her] name as the aforementioned officer of such bank as [his/her] free act and deed
and the free act and deed of said bank.
Xxxxxxx
XxXxxxx III
Printed Name of Notary
|
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/s/
Xxxxxxx XxXxxxx III |
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Signature of Notary
|
[NOTARY SEAL] | |
My commission expires: |
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5/02/08 |
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WACHOVIA BANK, N.A., as | ||||||
administrative agent for the lenders under | ||||||
the Subordinated Credit Agreement | ||||||
By: | /s/ Xxxxx X. Xxxxxxxx | |||||
Name: | Xxxxx X. Xxxxxxxx | |||||
Title: | Director | |||||
STATE OF |
North Carolina | |||
COUNTY OF |
Forsyth | |||
Before me, the undersigned Notary Public in and for the State and County aforesaid, personally
appeared the following person, with whom I am personally acquainted:
Xxxxx X. Xxxxxxxx, who
acknowledged [himself/herself] to be the Director of
Wachovia Bank, N.A. Xxxxx X. Xxxxxxxx, of such bank, being
authorized so to do, executed the foregoing instrument for the purposes therein contained by
signing [his/her] name as the aforementioned officer of such bank as [his/her] free act and deed
and the free act and deed of said bank.
Xxx Xxxxxx |
||
/s/ Xxx Xxxxxx |
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Signature of Notary |
[NOTARY SEAL] | |
My commission expires: |
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5/26/2010 |
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Agreement (Fiber Supply Agreement) - Alabama
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EXHIBIT A
LEGAL DESCRIPTION OF TIMBERLANDS
LEGAL DESCRIPTION OF TIMBERLANDS