Timberland Property definition

Timberland Property means tangible real property that has as its primary use the Bona Fide Production of Trees for commercial uses.
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Timberland Property means each parcel of realty identified as such on Schedule 4.21(c).
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Timberland Property means tangible real property that has as its primary use the bona fide production of trees for the primary purpose of producing timber for commercial uses.
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Examples of Timberland Property in a sentence

  • As consideration for the Timberland Property, Southside paid an aggregate sum of $1,406,202 on closing, which occurred October 31, 2007.

  • Purchasing Parties and Seller further agree that Purchasing Parties shall be entitled to use the information set forth on Exhibit B-2, in its efforts to market the Timberland Property or the timber thereon; provided, however, that Purchasing Parties’ use and disclosure of such information shall not identify the information as being furnished by Seller and shall identify the information as being furnished by Purchasing Parties or Purchaser Assignee.

  • To Seller’s Knowledge, there are no outstanding or uncorrected written notices from any Governmental Authority having jurisdiction over the Timberland Property of violations of federal, state or local laws, rules or regulations applicable to Seller’s operations on the Timberland Property.

  • By proceeding with this transaction following the expiration of the Inspection Period, Purchaser Parent shall be deemed to have made its own independent investigation of the Timberland Property and the presence of Hazardous Materials on, in or under the Timberland Property as Purchaser Parent deems appropriate.

  • Contractor shall agree to disclose to the City all incidents or occurrences of accident, injury, and/or property damage that occur as a result of fulfilling the provisions of this contract.

  • Except as disclosed on Exhibit I, to Seller’s Knowledge, there are no boundary disputes and no encroachments affecting any of the Timberland Property or portion thereof; nor to Seller’s knowledge is any person adversely possessing or using any of the Timberland Property or any portion thereof.

  • However, almost all property is subject to competing uses, and in time, the highest and best use of a property may change.9 In classifying property as Qualified Timberland Property for appraisal by the Department at fair market value using this manual, the subject property should have both its ‘existing use’ and reasonably determined ‘highest and best use’ as the good faith, real, actual, and genuine production of trees for commercial uses where such use is demonstrated with evidence.

  • During Seller’s ownership of the Timberland Property, Seller may have applied pesticides or herbicides to some or all of the Timberland Property.

  • This development proposal should contribute towards improvement measures at local road junctions to mitigate the impact on the network.

  • Except as disclosed on Exhibit I or Exhibit C, to Seller’s Knowledge, there are no unrecorded documents affecting the Timberland Property.


More Definitions of Timberland Property

Timberland Property any real property on which Timber is located.
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Timberland Property means certain unimproved timberland listed on Exhibit A, together with timber (standing and downed), reproduction, any improvements thereon.
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Timberland Property means tangible real property that has as its primary use the
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Related to Timberland Property

  • Timberlands means all the timberlands from time to time owned by the Loan Parties.

  • the Property means the Property more particularly described in Condition 2 of the Conditions of Sale (as defined in 1.6 below);

  • Hotel Property means a Property on which there is located an operating hotel.

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  • Timberland means land, other than land owned by the federal government and land designated by the board as experimental forest land, which is available for, and capable of, growing a crop of trees of a commercial species used to produce lumber and other forest products, including Christmas trees. Commercial species shall be determined by the board on a district basis.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • The Properties means and refer to all such existing properties, and additions thereto, as are subject to this Declaration or any Supplemental Declaration under the provisions of Article II hereof.

  • Income Property means, in respect of each Sub-Fund, (a) all interest, dividends and other sums deemed by the Trustee, (after consulting the auditors either on a general or case by case basis), to be in the nature of income (including taxation repayments, if any) received or receivable by the Trustee in respect of the Deposited Property of the relevant Sub-Fund (whether in cash or, without limitation, by warrant, cheque, money, credit or otherwise or the proceeds of sale or transfer of any Income Property received in a form other than cash); (b) all interest and other sums received or receivable by the Trustee in respect of (a), (c) or (d) of this definition; (c) all cash payments received or receivable by the Trustee for the account of the relevant Sub-Fund in respect of an Application; and (d) all Cancellation Compensation received by the Trustee for the account of the relevant Sub-Fund; (e) any payments to be received or are receivable by the Trustee under any contractual agreements in the nature of investments for the benefit of the relevant Sub-Fund but excluding (i) the Deposited Property; (ii) any amount for the time being standing to the credit of the distribution account for the account of the relevant Sub-Fund or previously distributed to Unitholders; (iii) gains for the account of the relevant Sub-Fund arising from the realisation of Securities; and (iv) any sums applied towards payment of the fees, costs and expenses payable by the Trust from the Income Property of the relevant Sub-Fund;

  • Assets and Properties of any Person means all assets and properties of every kind, nature, character and description (whether real, personal or mixed, whether tangible or intangible, whether absolute, accrued, contingent, fixed or otherwise and wherever situated), including the goodwill related thereto, operated, owned, licensed or leased by such Person, including cash, cash equivalents, Investment Assets, accounts and notes receivable, chattel paper, documents, instruments, general intangibles, real estate, equipment, inventory, goods and Intellectual Property.

  • Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.

  • Leasehold Property means any leasehold interest of any Credit Party as lessee under any lease of real property.

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Release Property has the meaning set forth in Section 2.5.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Adjacent Property means all land adjoining and surrounding the Stadium Site on which will be located any public streets, sidewalks, plazas, or bridges and any public or private parking facilities or other accoutrements to be developed by Authority or other parties in connection with the Project.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 1 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Real Property Assets means as to any Person as of any time, the real property assets (including, without limitation, interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • Transferred Real Property means (a) the Transferred Owned Real Property and (b) the premises that is subject to the Transferred Real Property Leases.

  • Personal Property means any machinery, equipment, tools, vehicles, furniture, leasehold improvements, office equipment, plant, parts and other tangible personal property.

  • Private property means any dwelling and its curtilage which is being used by a natural person or natural persons for habitation and which is not open to the public and privately owned real property which is not open to the public. "Private property" shall not include:

  • Leased Properties have the meaning set forth in Section 3.16 herein.

  • Owned Property has the meaning set forth in Section 4.10(a).