Common use of SECTION 1020 Clause in Contracts

SECTION 1020. Sale of Timber. Under the terms and conditions of this Contract, STATE sells to PURCHASER, and PURCHASER buys from STATE, that Federal timber designated and described in Section 2210, "Designated Timber," which for all purposes of this Contract is hereinafter referred to as "timber." The location of Designated Timber is shown on Exhibit A. PURCHASER shall pay STATE the Total Purchase Price for timber set forth in Section 1710, "Purchase Price," or 1740, "Log Prices." The Total Purchase Price shall be paid to STATE in accordance with the payment schedule in Section 1720, 1751, or 1752, "Payment Schedule." This is a sale of Federal Timber and timber harvested or sold under this Contract must not be exported from the United States. PURCHASER must comply with the provisions of the Forest Resources Conservation and Shortage Relief Act of 1990, as amended (16 USC 620, et seq.), which authorizes the U.S. Forest Service, Oregon and other western states to prohibit the export of unprocessed timber from public lands and prohibit export in disposing of timber from this timber sale.