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 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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Timberland Property means each parcel of realty identified as such on Schedule 4.21(c).
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Examples of Timberland Property in a sentence

  • Purchaser shall be solely responsible for determining how and under what conditions the Timberland Property can be used.

  • All the Timberland Property set forth on Schedule 4.21(c) is owned in fee by the Borrower or, a Subsidiary of Borrower.

  • Prior to Closing, Seller shall operate the Timberland Property consistent with past practices except that Seller shall not knowingly take any action or inaction that would violate any term, condition, or provision of this Agreement.

  • On or before Closing, Seller shall cause to be deeded to Timber LLC all of the Timberland Property, and shall assign to Timber LLC, as provided above, the Land-Related Agreements and Permits (collectively, the “Timber LLC Assets”).

  • Except as disclosed on Exhibit C, to Seller’s Knowledge, there are no current contracts, liens, agreements, easements, licenses, encumbrances, leases, or tenancies affecting or pertaining to the Timberland Property or any portion thereof.

  • This Option shall be fully vested and immediately exercisable as to all of the Shares and shall be exercisable in whole or in part from time to time throughout the term of this Option through the Expiration Date.

  • 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.

  • The transfer of the Timberland Property and the purchase and sale of the Timber LLC Interests shall close on or before sixty (60) days following the expiration of the Inspection Period, but in no event later than December 14, 2007, at a time selected by Purchaser Parent upon reasonable notice to the Seller at the offices of Purchaser Parent’s Counsel, M▇▇▇▇▇ ▇▇▇▇, LLP, 240 Third Street, Macon, Georgia, or at such other location as may be mutually agreeable to Seller and Purchaser Parent.

  • Purchaser Parent may verify the information provided by Seller or other information furnished to or discovered by Purchaser Parent with regard to the acreage of the Timberland Property.

  • Seller shall be solely responsible for any assessments, taxes, expenses, or contract obligations pertaining to the Timberland Property and Timber LLC arising, accruing, or incurred prior to Closing.


More Definitions of Timberland Property

Timberland Property means tangible real property that has as its primary use the
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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 any real property on which Timber is located.
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Related to Timberland Property

  • Timberlands means any real property of the Issuer or any Restricted Subsidiary which contains standing timber which is (or upon completion of a growth cycle then in process is expected to become) of a commercial quantity and of merchantable quality, excluding, however, any such real property which at the time of determination is held primarily for development or sale, and not primarily for the production of any lumber or other timber products.

  • 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.

  • DOCPROPERTY DocID" \* MERGEFORMAT 22518942.2 238213-10001

  • 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.