Qualifying Sales

Qualifying Sales. Shall mean per unit (as opposed to lump sum) sales of the type of Qualifying Timber at issue made during the three calendar quarters immediately prior to the calendar quarter month period in which the applicable Base Price Adjustment Date occurs (including sales that are subject to bona fide agreements with unaffiliated third parties, whether or not they have been harvested during such three calendar quarter period), provided such sales (i) are made within the Market Region,... and (ii) involve not less than 1,000 tons of the type of Qualifying Timber at issue as to each such sale. Qualifying Sales shall exclude sales of Qualifying Timber between Buyer and Seller under this Agreement. View More

Qualifying Sales. Shall mean per unit (as opposed to lump sum) sales of the type of Qualifying Timber at issue made during the six months immediately prior to the six month period in which the applicable Base Price Adjustment Date occurs, provided such sales (i) are made within the Market Region, and (ii) involve not less than 2,000 tons of the type of Qualifying Timber at issue as to each such sale.