Examples of Timber Deed in a sentence
Each Landholder shall, from time to time, use its best efforts to obtain from the lessor under any Timber Lease or any grantor or current owner of the property encumbered by any Timber Deed such certificates of estoppel with respect to compliance by such Landholder with the terms of the Timber Lease as may be requested by the Administrative Agent.
Buyer will pay to Seller a single lump sum amount for all trees designated for harvest by the Sellers’ agent in full at the time the Contract and Timber Deed are both executed.
Closing Costs Paid by Purchaser: Purchaser shall pay all recording costs of the Statutory Warranty Timber Deed and one-half (1/2) of the escrow fee (not to exceed $950.00) in connection with the closing.
The Released Party shall have no further obligations under the Timber Deed to the Releasing Party with respect to the Released Property, and the Releasing Party shall have no further rights in or to the Released Property except for access rights over existing roads herein reserved.
Ad valorem real property taxes and special assessments against the Property and the Timber shall be paid by the Seller during the term of the Timber Deed, and Seller shall indemnify and hold Purchaser harmless from any claim of payment of ad valorem real property taxes and assessments against the Property and/or the Timber during said period of time.
Timber Deed, dated June 20, 2014, between Silco Timber LLC, as grantor, and Rayonier Performance Fibers, LLC, as grantee, with respect to the right to harvest timber located in Camden County, Georgia.
Except as otherwise provided herein, the provisions of this Timber Deed shall inure to the benefit of, and shall be binding upon, the parties, their heirs, successors, representatives and assigns.
The Timber Deed conveys to Defendant (and its successors and assigns) timber and rights to remove and harvest the same—specifically, all timber on Tract I “which timber must be not less than 14 inches in diameter at a point not less than one foot from the ground,” (Timber Deed [DN 1-3] 1), and all timber on Tract II “which timber must be not less than 14 inches in diameter at the stump,” (id.
The Timber and the Timber Rights created hereunder shall be freely assignable by Grantee, subject to the terms of this Timber Deed, provided that Grantee has delivered prior written notice to Grantor of any transfer, in whole or in part, of the Timber Rights.
Based on the Rule 12(b)96) record, ITC has not established that it timely exercised the termination clause of the Timber Deed, thus precluding it from claiming reimbursement.