Timber Business definition

Timber Business means that portion of the Business relating to the ownership, operation, maintenance and harvesting of the Timberlands and the use or sale of products derived therefrom.
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Timber Business means the commercial timberland operations of the Company to be acquired from Scotia Pacific Company LLC pursuant to its reorganization in bankruptcy.
Sample 1

Examples of Timber Business in a sentence

  • Purchaser and Seller acknowledge, understand and agree that, unless Purchaser otherwise notifies Seller in writing, it is Purchaser’s intention to operate the Paper Business and Timber Business as separate businesses from and following the Closing Date.

  • For the avoidance of doubt, in no event shall Seller or any of its Affiliates be entitled under this Agreement, the Exhibits or any other agreement or instrument referenced herein or therein to make any claim against, or seek recovery from, by or through (i) any of Purchaser’s Timber Entities for matters Related to the Paper Business or (ii) any of Purchaser’s Paper Entities for matters Related to the Timber Business.

  • All Governmental Authorizations and all other authorizations, approvals and consents of any other Person required by the Related Agreements or to consummate the Paper Business Acquisition and the Timber Business Acquisition (other than such authorizations, approvals and consents, the failure of which to so obtain could not reasonably be expected to have a Material Adverse Effect), have been obtained and are in full force and effect.

  • The Timber Business Investment Scheme (‘TBIS’) provides funding for capital investments that add value to forests by enabling woodland management activities, timber harvesting and/or timber processing.

  • For purposes of each of the Section 2.3 Deliverables, Escanaba shall control all calculations, determinations and resolution of all disputes relating to the Timber Business and NewPage shall control all calculations, determinations and resolutions of all disputes relating to the Paper Business.

  • Escanaba and NewPage agree that all fees, costs and expenses incurred by the Purchaser in connection with the negotiation, diligence, execution and financing of the transactions contemplated by the Purchase Agreement, to the extent related to the acquisition and financing of the Timber Business, shall be borne exclusively by Escanaba and, to the extent related to the acquisition and financing of the Paper Business, shall be borne exclusively by NewPage.

  • In the event any payments are to be made by MWV under Section 2.3 of the Purchase Agreement, Escanaba shall be entitled to all such payments as they relate to the Timber Business and NewPage shall be entitled to all such payments as they relate to the Paper Business.

  • Any statements or other items prepared and delivered to MWV that constitute Section 2.3 Deliverables shall include an allocation showing the classification of each item into two categories – one relating to the Timber Business and one relating to the Paper Business.

  • In the event any payments are to be made to MWV under Section 2.3 of the Purchase Agreement, Escanaba shall be solely responsible for such payments as they relate to the Timber Business and NewPage shall be solely responsible for all payments as they relate to the Paper Business.

  • Central staff functions of the Company were also relocated to Corporate Office in Johor Bahru in line with this review.The Group’s Intrapreneur Venture Business concept, which is now the Company’s corporate hallmark and has proven to be highly successful in sustaining the Group’s entrepreneurial drive, will therefore be extended as the corporate template for the restructuring of the Timber Business going forward.

Related to Timber Business

  • Former Business means any corporation, partnership, entity, division, business unit, business or set of business operations that has been sold, conveyed, assigned, transferred or otherwise disposed of or divested (other than solely in connection with the Restructuring), in whole or in part, or the operations, activities or production of which has been discontinued, abandoned, liquidated, completed or otherwise terminated, in whole or in part, in each case, by either Group prior to the Distribution Time.

  • Other Business(es means any business activity we or our Affiliates engage in, other than the licensing of the Hotel.

  • Micro Business means a company which either:

  • Other Business has the meaning set forth in Section 6.6.

  • Business concern or business means a business that has annual gross sales of less than $75,000,000 as evidenced by the federal income tax return of the business. A firm with gross sales in excess of this cap may apply to the Council for certification for a particular contract if the firm can demonstrate that the contract would have significant impact on businesses owned by minorities, women, or persons with disabilities as suppliers or subcontractors or in employment of minorities, women, or persons with disabilities.

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Business has the meaning set forth in the Recitals.

  • Minority Business means a business:

  • Similar Business means (1) any business conducted or proposed to be conducted by the Borrower or any of its Restricted Subsidiaries on the Closing Date, and any reasonable extension thereof, or (2) any business or other activities that are reasonably similar, ancillary, incidental, complementary or related to, or a reasonable extension, development or expansion of, the businesses in which the Borrower and its Restricted Subsidiaries are engaged or propose to be engaged on the Closing Date.

  • Target Business means any businesses or entity with whom the Company wishes to undertake a Business Combination;

  • Core Business means any material line of business conducted by the Company and its Subsidiaries as of the Closing Date and any business directly related thereto.

  • Qualified business means a for-profit business that obtains services relating to that business from 30 or fewer employees or employees of independent contractors performing services substantially similar to employees during a random week in the year ending on the tax day. If a person is a unified business group as that term is defined in section 117 of the Michigan business tax act, 2007 PA 36, MCL 208.1117, the number of employees from whom services are obtained includes all employees of the unitary business group and employees of independent contractors of the unitary business group rendering services to the qualified business.

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—

  • Company Business means the business of the Company as presently conducted.

  • Subject Business means the policy or policies that are

  • Business operations means engaging in commerce in any form, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal property, real property, or any other apparatus of business or commerce.

  • Engaging in business means commencing, conducting, or continuing in business, and liquidating a business when the liquidator thereof holds itself out to the public as conducting such business. Making a casual sale is not engaging in business.

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • Auto business means the business or occupation of selling, repairing, servicing, storing or parking "autos".

  • Primary sector business means an individual, corporation, limited liability company,

  • Branch business means any insurance business transacted by a branch captive insurance company in this State.

  • Specified Business means a business of a kind prescribed by the regulations to be a specified business; tenant, in relation to a lease, means the person who, under the lease, is or would be entitled to occupy the premises the subject of the lease; Tribunal means the State Administrative Tribunal;

  • Active business operations means all business operations that are not inactive business operations.

  • Eligible business means a business located within the counties of Cook, DuPage, Kane, Lake, McHenry or Will in the State of Illinois (the “Six County Region”), and as to which: (1) a majority of the business' fleet is located and used within the Six County Region; and (2) a majority of those vehicles located and used within the Six County Region are alternatively powered vehicles.

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which –