Hardwood Stringer Product Price

Hardwood Stringer Product Price. Shall mean the per ton price for Hardwood Stringers as set forth on Schedule 1.15 attached hereto (the "Base Price") adjusted up or down beginning January 1, 2006 on a quarterly basis pursuant to the price adjustment mechanism set forth in said Schedule 1.15. On each Base Price Adjustment Date during the Term of this Agreement, the Base Price for Hardwood Stringers shall be adjusted to equal the Fair Market Timber Value for such Product on the applicable Base Price Adjustment Date.