Timberland Investment definition

Timberland Investment means, in general, all interests (including fee ownership, leasehold interests or management rights) in Timberland; timber deeds, timber cutting contracts and other rights, contracts or agreements relating to the ownership, cutting and/or use of Timber; options to acquire or sell Timber or Timberland or interests therein; mineral rights (including oil and gas rights), biomass or carbon credits attendant to the ownership of Timberland; and personal property, both tangible and intangible, directly associated or connected with the use of Timberland.
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Timberland Investment means the Initial Timberland Investment, less any dispositions of the same that may occur from time to time, together with any Qualified Timberland Investments made by or on behalf of USTK by the Servicer while this Agreement is in effect.
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Examples of Timberland Investment in a sentence

  • PC Timberland Investment Company Plum Creek Investment Company Plum Creek Land Company Plum Creek Maine Marketing, Inc.

  • Notwithstanding the foregoing, Purchaser shall have the right to assign its rights and obligations in whole, but not in part, under this Agreement to any party controlling, controlled by, or under common control with Purchaser or managed directly or indirectly by Timberland Investment Resources, LLC, provided that no such assignment shall relieve Hubble Timber, LLC of any liability hereunder unless such assignment takes place concurrently with the Closing.

  • After the effective termination date, the Servicer shall continue to cooperate with USTK to facilitate the smooth transition of the management of the Timberland Investment to USTK or another servicer or advisor, including without limitation attending such post-termination meetings as USTK may reasonably request.

  • Each annual report shall also describe the status of all pending acquisitions and dispositions and any changes to the Long-Term Management Plan for the Timberland Investment recommended by the Servicer.

  • The Servicer will maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate records evidencing the Timberland Investment in the event of the destruction or loss of the originals thereof) and keep and maintain, all documents, books, records and other information reasonably necessary or advisable for the operation of the Timberland Investment.

  • The Servicer shall use it best efforts to insure that Hazardous Materials are not permitted on the Timberland Investment, other than in the ordinary, customary and lawful course of timberland management activities.

  • All approvals, authorizations, permits, consents, orders or other actions of, and all registration, qualification, designation, declaration, notice to or filing with, any person or of any governmental body or official required in connection with (a) the execution and delivery of this Agreement, (b) the performance of and the compliance with the terms hereof and (c) the operation of the Timberland Investment, have been obtained and are in full force and effect.

  • Upon receiving (or giving) notice of termination, the Servicer shall continue to manage the Timberland Investment in accordance with this Agreement until the effective date of the termination; except if USTK terminates this Agreement and wishes to assume responsibility itself for all the Services performed by the Servicer under this Agreement (in which case the pro-rated fees owed the Servicer for partial years under Section 8.02 shall still be determined using the tenth day following receipt of notice).

  • To the extent permitted under the rights afforded the holder of the securities, or as otherwise obtained in acquiring the securities, the Servicer shall periodically review the management performance of the entity managing a Qualified Timberland Investment that was acquired through an acquisition of securities and advise USTK as to the performance of the managing entity.

  • If and as directed to do so from time to time by USTK, the Servicer shall use all commercially reasonable efforts to identify available Qualified Timberland Investments and generate Qualified Timberland Investment opportunities that are consistent with the Investment Guidelines for consideration by USTK, which acquisition, in the view of the Servicer would be accretive in value to the current Timberland Investment of USTK.