Timber Adjustment Period definition

Timber Adjustment Period means the period beginning on January 1, 2009 through the Effective Time.
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Timber Adjustment Period means the period beginning on April 17, 2015 through the Effective Time.
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Timber Adjustment Period means the period from January 1, 2006 through the Closing Date.
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Examples of Timber Adjustment Period in a sentence

  • From the Effective Date until the Closing Date, Seller shall promptly give notice to Purchaser of any Casualty Loss occurring during the Timber Adjustment Period and having a fair market value in excess of $250,000, as determined in good faith by Seller, together with a written estimate of the acreage affected (location and amount) and the fair market value of the damaged or lost Timber, as determined in good faith by Seller, resulting from such Casualty Loss.

  • Purchaser shall have until the thirtieth (30th) day after the Closing Date to deliver to Seller written notice of any Casualty Loss that occurred during the Timber Adjustment Period but was not identified by Seller in accordance with the previous sentence of this Section 1.6(d)(i), together with a written estimate of the fair market value of the damaged or lost timber, as determined in good faith by Purchaser, resulting from such Casualty Loss.

  • Subject to the provisions of Section 2.3(a)(iv) below, the Parties acknowledge and agree that the Purchase Price shall be reduced by the amount of any condemnation proceeds or awards received by the Company and its Subsidiaries in connection with any Condemnations during the Timber Adjustment Period, net of all reasonable third party costs incurred by the Sellers and/or Company to recover such proceeds (the “Condemnations Amount”).

  • Parent shall have until the 60th day after the Closing Date to deliver to Seller written notice of any Casualty Loss that occurred during the Timber Adjustment Period but was not identified by Seller in accordance with the previous sentence of this Section 2.3(c)(i) and that affected more than 250 acres as determined in good faith by Parent, together with a written estimate of the fair market value of the damaged or lost timber, as determined in good faith by Parent, resulting from such Casualty Loss.

  • From the date of this Agreement until the Closing Date, Seller shall promptly give notice to Parent upon obtaining Seller’s Knowledge of any Casualty Loss occurring during the Timber Adjustment Period and affecting more than 250 acres as determined in good faith by Seller, together with a written estimate of the fair market value of the damaged or lost timber, as determined in good faith by Seller, resulting from such Casualty Loss.

  • From the date of this Agreement until the Closing Date, Seller shall promptly give notice to Purchaser upon obtaining Seller’s Knowledge of any Casualty Loss occurring during the Timber Adjustment Period, together with a written estimate of the fair market value of the damaged or lost timber, as determined in good faith by Seller, resulting from such Casualty Loss.

  • Subject to the provisions of Section 2.3(a)(iv) below, the Purchase Price shall be reduced by the net proceeds received by the Company and its Subsidiaries in connection with any Land Sales during the Timber Adjustment Period (the “Land Sales Amount”).

  • Not later than fifteen (15) days, but in no case more than thirty (30) days prior to the Closing Date, the Sellers shall provide to the Buyer (A) a report setting forth the aggregate dollar amount of net proceeds received with respect to Condemnations during the Timber Adjustment Period, together with such supporting data as Buyer may reasonably request and (B) the estimated calculation of the Condemnations Amount (the “Estimated Condemnations Amount”).

  • The Timber Adjustment Value of all Casualty Losses incurred during the Timber Adjustment Period shall be less than $50,000,000 in the aggregate.


More Definitions of Timber Adjustment Period

Timber Adjustment Period means the period beginning on August 1, 2013 through the Closing Date.
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Timber Adjustment Period is hereby deleted from the first sentence of Section 2.1(c)(i) and replaced with: “the period of time starting on April 17, 2015 and ending on December 31, 2015”.
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Related to Timber Adjustment Period

  • SOFR Adjustment means 0.10% (10 basis points).

  • Term SOFR Adjustment means a percentage equal to 0.10% per annum.

  • LIBOR Adjustment Date With respect to any Payment Date, the second business day before the related Accrual Period begins. For this purpose, a “business day” is a day on which banks are open for dealing in foreign currency and exchange in London, New York City and Washington, D.C.

  • Adjustment Period means the period from the Effective Date up to and including the Expiry Time;

  • Adjustment Time means 22:30 hrs (local time Zurich, Switzerland).

  • True-Up Adjustment means any Semi-Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Contract Term Adjustment means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph (b) in this Subsection. To qualify for such adjustment, Purchaser shall give written notice of the lost time not later than 30 days after end of Normal Operating Season in which time was lost and at least 10 days before Termination Date. Contracting Officer shall make prompt written acknowledgment of such notice, indicating concurrence with the number of days in the notice or the number of days Forest Service considers as qualifying for the adjustment. Lost portions of days shall be disregarded in computing time lost. The three circumstances qualifying for a Contract Term Adjustment are:

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.04(c).

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Buy In Adjustment Amount shall have the meaning specified in Section 6.

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Working Capital Adjustment Amount has the meaning set forth in Section 2.1(b)(ii). Section 1.2

  • Net Working Capital Adjustment Amount means an amount, which may be a positive or negative number, equal to the Net Working Capital as of the Effective Time minus the Net Working Capital Threshold.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.8(a).

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • Lot line adjustment means the relocation of the property boundary line in a

  • Closing Sales Price means, for any security as of any date, the last sales price of such security on the principal trading market where such security is listed or traded as reported by Bloomberg Financial Markets (or a comparable reporting service of national reputation selected by the Corporation if Bloomberg Financial Markets is not then reporting closing sales prices of such security) (collectively, “Bloomberg”), or if the foregoing does not apply, the last reported sales price of such security on a national exchange or in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg, or, if no such price is reported for such security by Bloomberg, the average of the bid prices of all market makers for such security as reported in the “pink sheets” by the National Quotation Bureau, Inc., in each case for such date or, if such date was not a trading day for such security, on the next preceding date that was a trading day. If the Closing Sales Price cannot be calculated for such security on any of the foregoing bases, the Closing Sales Price of such security on such date shall be the fair market value as reasonably determined by an investment banking firm selected by the Corporation, with the costs of such appraisal to be borne by the Corporation.

  • Taxable value per membership pupil means each of the following divided by the district’s membership:

  • Adjustment Spread means either (a) a spread (which may be positive, negative or zero) or (b) a formula or methodology for calculating a spread, in each case to be applied to the Successor Rate or the Alternative Rate (as the case may be) and is the spread, formula or methodology which:

  • Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Level in respect of such day.

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.