Master Stumpage Agreement definition

Master Stumpage Agreement means the Master Stumpage Agreement, dated as of the October 9, 2007, among MW, WestRock MWV, LLC (f/k/a MeadWestvaco Corporation), Timberlands II and CatchMark TRS Subsidiary.

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Master Stumpage Agreement means the Master Stumpage Agreement, dated as of the October 9, 2007, among MW, MeadWestvaco Corporation, ▇▇▇▇▇ Timberland and ▇▇▇▇▇ TRS Subsidiary, as amended, restated or otherwise modified from time to time in accordance with clause (l) of Section 7.1.11.

Master Stumpage Agreement means the agreement, substantially in the form attached hereto as Exhibit B, between Series One and Series Two to be executed on the Initial Property Closing Date.

Examples of Master Stumpage Agreement in a sentence

Timberlands II shall cause and direct all amounts that are payable to it under the Master Stumpage Agreement from the harvesting of Timber to the Revenue Account.
CatchMark TRS Subsidiary shall pay or credit directly into the Revenue Account, as and when due, all amounts owing by it to Timberlands II pursuant to the Master Stumpage Agreement.
In addition CatchMark TRS Subsidiary shall not fail to pay into the Revenue Account, as and when due, all amounts owing by it to Timberlands II pursuant to the Master Stumpage Agreement or otherwise.
Each of the Borrower, CatchMark TRS Subsidiary and each other Loan Party acknowledges and confirms that, pursuant to the terms of this Agreement and the Master Stumpage Agreement, each of Timberlands II and CatchMark TRS Subsidiary and the other Loan Parties has and will give proper notice of the Revenue Account to the parties to the Master Stumpage Agreement.
CatchMark TRS Subsidiary shall pay directly into the Revenue Account, as and when due, all amounts owing by it to Timberlands II pursuant to the Master Stumpage Agreement.
In addition, CatchMark TRS Subsidiary shall not fail to pay into the Revenue Account, as and when due, all amounts owing by it to Timberlands II pursuant to the Master Stumpage Agreement or otherwise.
The Loan Parties shall not fail to cause their account debtors and other Persons owing money to them to deposit or credit the same into either (a) in the case of account debtors and other Persons under the Master Stumpage Agreement, in the Revenue Account, or (b) in the case of account debtors and other Persons under the Fiber Supply Agreement, in the CatchMark TRS Subsidiary Account, or (c) in the case of all other account debtors and other Persons, a Pledged Account.
The Sale is being conducted pursuant to and in accordance with the applicable restrictions contained in any Material Agreement including, if applicable to such Real Property, the Master Stumpage Agreement, in each case, without giving effect to any waivers with respect to such restrictions that have not been approved by the Required Lenders.
The Loan Parties other than CatchMark Timber shall not fail to cause their account debtors and other Persons owing money to them to deposit the same into either (a) in the case of account debtors and other Persons under the Master Stumpage Agreement, in the Revenue Account, or (b) in the case of account debtors and other Persons under the Fiber Supply Agreement, in the CatchMark TRS Subsidiary Account, or (c) in the case of all other account debtors and other Persons, a Pledged Account.
Each of the Borrowers, CatchMark TRS Subsidiary and each other Loan Party acknowledges and confirms that, on or before the date hereof and pursuant to the terms of this Agreement and the Master Stumpage Agreement, each of Timberlands II and CatchMark TRS Subsidiary and the other Loan Parties has and will give proper notice of the Revenue Account to the parties to the Master Stumpage Agreement.

More Definitions of Master Stumpage Agreement

Master Stumpage Agreement means the agreement to sell timber on the s▇▇▇▇ among a Timber LLC, as seller, Supply Designee, as purchaser, and Seller, which will provide for the sale of stumpage sufficient to permit Supply Designee to meet the volume requirements set forth in the Fiber Supply Agreements. The form of the Master Stumpage Agreement will be in a form reasonably acceptable to each of Parent and Seller.

Master Stumpage Agreement means, collectively, those certain Master Pulpwood Stumpage Agreements dated October 31, 2007, by and between Seller and each entity constituting Landowner, with respect to the Property.

Master Stumpage Agreement means, collectively, those certain Master Sawtimber Stumpage Agreements dated October 31, 2007, by and between Seller and each entity constituting Landowner, with respect to the Property.

Master Stumpage Agreement shall have the meaning set forth in the recitals to this Agreement.

Master Stumpage Agreement has the meaning specified in Section 3.2(a)(viii).