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Timberland Property definition

Timberland PropertyÌýmeans tangible real property that has as its primary use the Bona Fide Production of Trees for commercial uses.
Timberland PropertyÌýmeans each parcel of realty identified as such on Schedule 4.21(c).
Source 1Source 2Source 3
Timberland PropertyÌýmeans 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.

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.

  • 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 useâ€� and reasonably determined ‘highest and best useâ€� as the good faith, real, actual, and genuine production of trees for commercial uses where such use is demonstrated with evidence.

  • Purchaser Parent, at its option, may elect to obtain an ALTA standard coverage owner’s and/or lender’s title insurance policy (the “Title Policyâ€�) issued by the Title Insurer dated as of the Closing Date in the amount of the Purchase Price and showing title to the Timberland Property vested in the name of Timber LLC.

  • Seller shall be solely responsible for any contract obligations pertaining to the Timberland Property arising, accruing, or incurred prior to Closing and shall be entitled to all payments accruing under the Land-Related Agreements for the period prior to and including the Closing Date.

  • 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.

  • IMPAIRMENT OF INTANGIBLE ASSETS This relates to the group`s share of the impairment of the Sparks brand recorded in MillerCoors.

  • Qualified Timberland Property is not subject to 10-year covenants or tax penalties and is appraised by the Department using a table of per acre fair market values based on ecoregion and soil productivity relative to properties bought and sold for use as commercial timberland.

  • 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 Assetsâ€�).

  • For the purposes of this Agreement, any parcel of the Timberland Property that lacks insurable access to and from a public road shall be viewed as lacking access.

  • Five-year returns for timberland, as measured by the NCREIF Timberland Property Index, have followed the U.S. Consumer Price Index (CPI) at a 60 percent correlation, well above the 21 percent for real estate and the 2 percent for farmland.


More Definitions of Timberland Property

Timberland PropertyÌýany real property on which Timber is located.
Source 1
Timberland PropertyÌýmeans tangible real property that has as its primary use the
Timberland PropertyÌýmeans certain unimproved timberland listed on Exhibit A, together with timber (standing and downed), reproduction, any improvements thereon.
Source 1

Related to Timberland Property

  • Timberlands means, as of any date of determination, all real property owned by or leased to the Borrower or any Subsidiary that is suitable for Timber production, natural resource development or real estate development. For the avoidance of doubt, “Timberlandsâ€� shall exclude property, plant and equipment of the Borrower and its Subsidiaries associated with their manufacturing activities.

  • 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 4894-7632-2147.1

  • 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.