timber rights definition

timber rights means the right to harvest trees and extract timber from a specified area of land under a timber utilization contract;
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timber rights means the rights to fell, cut, remove, sell and dispose of growing or dead trees, whether standing or fallen, and any part of such trees, and any other vegetable growth, and includes the right to remove gravel and other roadmaking materials;
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timber rights in relation to land means any (or any combination) of the following interests in the land granted by the landholder to another person pursuant to a valid legal agreement —
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Examples of timber rights in a sentence

  • The Trustee and each of the Noteholders and the Liquidity Providers acknowledge that a release of Company Owned Timberlands (or timber rights thereon), Company Timber Rights or Company Timber, as the case may be, in accordance with the terms of the Deed of Trust and this Indenture will not be deemed for any purpose to be an impairment of the Lien of the Deed of Trust in contravention of the terms of this Indenture and the Deed of Trust.

  • The Issuer shall not create, incur, assume, suffer or permit to exist any Lien on the Company Owned Timberlands or Company Timber Rights or any portion thereof or any interest therein other than (x) the Lien of the Deed of Trust or (y) other Permitted Encumbrances.

  • In the case of the preceding clauses (i) to (iv) (other than a recovery in the Takings Litigation), Deemed Production shall be in respect of the number of Mbfe (as set forth in an Officer's Certificate delivered to the Trustee) of Company Timber (or Company Timber located on the Company Owned Timberlands or on the Company Timber Rights Property that is subject to the Company Timber Rights, as applicable) sold, condemned, taken, damaged or destroyed.

  • In order for the Manager to fulfill its --------------------------------- duties, the Board shall, to the extent it deems proper, authorize the Company to provide the Manager with full information concerning the Company, its capitalization and investment policies and the intentions of the Board with respect to future acquisitions of Timber Rights.

  • Nothing herein shall restrict Grantor’s right to transfer, in whole or in part, its rights in and to the Property, provided that any such transfer (other than transfers of rights in and to any portion of the Released Property) prior to the expiration of the Timber Rights shall be subject to this Timber Deed.

  • The Contribution has not held the Property or the Timber Rights as inventory primarily for sale to customers in the ordinary course of a trade or business of the Contributor.

  • Upon each tenth anniversary of the Original Issue Date, the Board shall ascertain the fair market value of the Timber Rights contributed by such Preferred Member (the "Revalued Fair Market Value").

  • The Company has good record and marketable title in fee simple to, or valid leasehold interests in, or Company Timber Rights (as defined in the Indenture) in, all real property necessary or used in the ordinary conduct of its business, except for Permitted Encumbrances and such defects in title as could not, individually or in the aggregate, have a Material Adverse Effect.

  • The Contributor acknowledges that he or it is not ---------------------- relying upon any Member of the Forest Bank other than the Manager in making his or its decision to contribute Timber Rights to the Forest Bank.

  • Grantor hereby reserves, for the benefit of Grantor and its successors and assigns (including all lessees and licensees of Grantor), all rights in and to the Property not expressly granted to Grantee in this Timber Deed, provided that Grantor’s exercise of its retained rights shall not unreasonably interfere with the Timber Rights.


More Definitions of timber rights

timber rights has the meaning set forth in the fourth Whereas Clause.
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timber rights means the rights to fell, cut, remove and dispose of growing or dead trees, whether standing or fallen, and any part of such trees, and any other vegetable growth, and the right to plant, grow and manage trees and to carry out regeneration and reforestation work, and in a National forest includes the right to remove gravel and other roadmaking materials;
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timber rights means the rights evidenced by the Forest Bank ------------- Management and Conservation Easements and the Forest Bank Management Easements contributed by Members to the LLC.
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timber rights means an interest in a property’s timber that allows a Person to buy or sell the interest in the timber separately from such property.
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timber rights means the rights to manage, harvest and replant the present and any future standing timber on the Property and all rights ancillary to such rights, as evidenced by the Easement and Management Agreement.
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timber rights or "Rights" shall mean the rights to maintain, conserve, selectively cut, manage, sell, retain the proceeds from and regenerate the trees located on each Member's property in exchange for Units of membership interest the Company.
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Related to timber rights

  • Water Rights means water rights, water concessions, water leases and water supply agreements, ditch rights or other interests in water or water conveyance rights owned or leased by the relevant Person.

  • Water right means a permit, claim, or other authorization, on record with or accepted by the department of ecology, authorizing the beneficial use of water in accordance with all applicable state laws.

  • Use Rights means the license terms and terms of service for each Product published on the Licensing Site and updated from time to time. The Use Rights supersede the terms of any end user license agreement that accompanies a Product. License terms for all Products are published in the Product Terms. Terms of service for Online Services are published in the Online Services Terms.

  • Existing Transfer Restrictions means Transfer Restrictions existing with respect to any securities by virtue of the fact that Counterparty may be an “affiliate” of the Issuer (as such term is defined in Rule 144 under the Securities Act).

  • Intangible Property shall have the meaning given to such term in Section 2.1(c) hereof.

  • Special declarant rights means rights reserved for the benefit of a declarant to:

  • Membership Rights means all of the rights of a Member in the Company, including a Member’s: (a) Interest; (b) right to inspect the Company’s books and records; (c) right to participate in the management of and vote on matters coming before the Company; and (d) unless this Operating Agreement or the Certificate of Formation provide to the contrary, right to act as an agent of the Company.

  • Real Property Deliverables means each of the following agreements, instruments and other documents in respect of each Facility, each in form and substance reasonably satisfactory to the Collateral Agent:

  • Mining Rights means all interests in the surface of any lands, the minerals in (or that may be extracted from) any lands, all royalty agreements, water rights, patented and unpatented mining and millsite claims, fee interests, mineral leases, mining licenses, profits-a-prendre, joint ventures and other leases, rights-of-way, inurements, licenses and other rights and interests used by or necessary to mining and related processing operations.

  • Timber means forest trees, standing or down, of a commercial species, including Christmas trees. However, "timber" does not include Christmas trees that are cultivated by agricultural methods, as that term is defined in RCW 84.33.035.

  • Rights-of-Way means easements, licenses, rights-of-way, permits, servitudes, leasehold estates, instruments creating an interest in real property, and other similar real estate interests.

  • Shareholder Rights Plan means the amended and restated shareholder rights plan agreement dated as of November 10, 2015 between Parent and American Stock Transfer and Trust Company, LLC, as rights agent, as amended and restated as of April 18, 2016 as further amended, restated, succeeded or replaced from time to time, and any similar plan adopted from time to time;

  • Default Rights has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

  • Title Documents shall have the meaning set forth in Section 4.1.

  • Property Notice means any order, notice, proposal, demand or other requirement issued by any competent authority (including the Landlord) which materially affects the Academy Trust’s ability to use the Land for the purposes of the Academy. Restrictions on Land transfer

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • Title Report has the meaning set forth in Section 5.4(b).