Examples of Timber Manager in a sentence
The Administrative Agent shall have received a duly executed Timber Manager Subordination Agreement, or a duly executed Reaffirmation of Timber Manager Subordination Agreement, as applicable, dated as of the date hereof, together with a copy of each Timberland Operating Agreement and its corresponding Collateral Assignment of Material Agreement delivered to the Administrative Agent pursuant to Section 5.1.15.
Each such quarterly report shall be certified true and correct by a Financial Officer of the applicable Landholder and each Timber Manager, including a certification that such Landholder and the Timberland are in compliance with the Harvest Plan and the requirements of this Section.
Each such quarterly report shall be certified true and correct by a Financial Officer of the applicable Landholder and the Timber Manager, including a certification that such Landholder and the Timberland are in compliance with the Harvest Plan and the requirements of this Section.
The Manager of the Company and of each Series, in consultation with the Series One Property Manager and Series Two Timber Manager, as applicable, shall establish commercially reasonable procedures designed to ensure that all deeds, leases, contracts, title matters, surveys and other documentation, records and financial information relating to the ownership, maintenance, harvesting and sale of the Properties are maintained in safekeeping and organized and accessible to the Members.
Such updated Timberland inventory report shall, among other things, reflect volumes removed, destroyed or miscalculated pursuant to the records and/or knowledge of such Landholder and/or the Timber Manager, plus the then applicable added growth of the Timber volumes since the latest of either (i) the date of the last inventory report or (ii) such Landholder’s last proprietary internal inventory system volume estimate.
The business purposes of Series Two shall be to engage in any business activities permitted under the Act, including to enter into the Master Stumpage Agreement and the Series Two Timber Management Agreement and to receive the benefits therefrom, including, through the Series Two Timber Manager, logging, hauling, merchandising, and selling logs as permitted by the Master Stumpage Agreement, and to perform its obligations under the Master Stumpage Agreement and the Series Two Timber Management Agreement.
Upon request of any Member or the Series One Property Manager or the Series Two Timber Manager, the Manager shall provide such requesting Person with an appropriate certificate or other evidence of the above-described insurance.
The Advisor shall also engage a Timber Manager, which may include Affiliates of the Advisor, to manage, promote, and lease the Properties.
The Series One Property Management Agreement and the Series Two Timber Management Agreement each set forth the schedule for the preparation by the Series One Property Manager or Series Two Timber Manager, as applicable, of the Annual Plan, as well as for the preparation by the Series One Property Manager or Series Two Timber Manager, as applicable, of the three (3) year and fifteen (15) year informational plans described therein.
The PC Member and PC TRS are Members and Plum Creek Property Management Company, LLC is the Series One Property Manager pursuant to the Series One Property Management Agreement and the Series Two Timber Manager pursuant to the Series Two Timber Management Agreement.