Creation and Distribution. Ownership of the entire Beneficial Interest shall be divided into 17,605,000 Trust Units, of which 13,203,750 shall be Common Units and 4,401,250 shall be Subordinated Units. The Trust Units shall be uncertificated and ownership thereof evidenced by entry of a notation in an ownership ledger maintained for such purpose by the Trustee or a transfer agent designated by the Trustee. The holders of the Trust Units from time to time shall be the sole beneficiaries of principal and interest of the Trust.
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Samples: Trust Agreement (ECA Marcellus Trust I), Trust Agreement (ECA Marcellus Trust I)
Creation and Distribution. Ownership of the entire Beneficial Interest shall be divided into 17,605,000 46,750,000 Trust Units, of which 13,203,750 35,062,500 shall be Common Units and 4,401,250 11,687,500 shall be Subordinated Units. The Trust Units shall initially be uncertificated and ownership thereof evidenced by entry of a notation in an ownership ledger maintained for such purpose by the Trustee or a transfer agent designated by the TrusteeTransfer Agent. The holders of the Trust Units from time to time Unitholders shall be the sole beneficiaries beneficial owners of principal the Trust Estate and interest of the Trust.
Appears in 2 contracts
Samples: Trust Agreement (Chesapeake Granite Wash Trust), Trust Agreement (Chesapeake Granite Wash Trust)
Creation and Distribution. Ownership of the entire Beneficial Interest shall be divided into 17,605,000 13,863,889 Trust Units, of which 13,203,750 shall be Common Units and 4,401,250 shall be Subordinated Units. The Trust Units shall be uncertificated and ownership thereof shall be evidenced by entry of a notation in an ownership ledger maintained for such purpose by the Trustee or a transfer agent designated by the Trustee. The holders of the Trust Units from time to time shall be the sole beneficiaries of principal and interest of the Trust.
Appears in 2 contracts
Samples: Trust Agreement (Whiting Petroleum Corp), Trust Agreement (Whiting Usa Trust I)
Creation and Distribution. Ownership of the entire Beneficial Interest shall be divided into 17,605,000 16,540,000 Trust Units, of which 13,203,750 shall be Common Units and 4,401,250 shall be Subordinated Units. The Trust Units shall be uncertificated and ownership thereof shall be evidenced by entry of a notation in an ownership ledger maintained for such purpose by the Trustee or a transfer agent designated by the Trustee. The holders of the Trust Units from time to time shall be the sole beneficiaries of principal and interest of the Trust.
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Creation and Distribution. Ownership of the entire Beneficial Interest shall be divided into 17,605,000 33,000,000 Trust Units, of which 13,203,750 shall be Common Units and 4,401,250 shall be Subordinated Units. The Trust Units shall be uncertificated and ownership thereof shall be evidenced by entry of a notation in an ownership ledger maintained for such purpose by the Trustee or a transfer agent designated by the Trustee. The holders of the Trust Units Unitholders from time to time shall be the sole beneficiaries of principal and interest beneficial owners of the TrustTrust Estate.
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Creation and Distribution. Ownership of the entire Beneficial Interest shall be divided into 17,605,000 28,000,000 Trust Units, of which 13,203,750 21,000,000 shall be Common Units and 4,401,250 7,000,000 shall be Subordinated Units. The Trust Units shall initially be uncertificated and ownership thereof evidenced by entry of a notation in an ownership ledger maintained for such purpose by the Trustee or a transfer agent designated by the Trustee. The holders of the Trust Units from time to time Unitholders shall be the sole beneficiaries beneficial owners of principal the Trust Estate and interest of the Trust.
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Creation and Distribution. Ownership of the entire Beneficial Interest shall be divided into 17,605,000 18,400,000 Trust Units, of which 13,203,750 shall be Common Units and 4,401,250 shall be Subordinated Units. The Trust Units shall be uncertificated and ownership thereof shall be evidenced by entry of a notation in an ownership ledger maintained for such purpose by the Trustee or a transfer agent designated by the Trustee. The holders of the Trust Units from time to time shall be the sole beneficiaries of principal and interest of the Trust.
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Creation and Distribution. Ownership of the entire Beneficial Interest shall be divided into 17,605,000 52,500,000 Trust Units, of which 13,203,750 39,375,000 shall be Common Units and 4,401,250 13,125,000 shall be Subordinated Units. The Trust Units shall initially be uncertificated and ownership thereof evidenced by entry of a notation in an ownership ledger maintained for such purpose by the Trustee or a transfer agent designated by the Trustee. The holders of the Trust Units from time to time Unitholders shall be the sole beneficiaries beneficial owners of principal the Trust Estate and interest of the Trust.
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Creation and Distribution. Ownership of the entire Beneficial Interest shall be divided into 17,605,000 17,000,000 Trust Units, of which 13,203,750 shall be Common Units and 4,401,250 shall be Subordinated Units. The Trust Units shall be uncertificated and ownership thereof shall be evidenced by entry of a notation in an ownership ledger maintained for such purpose by the Trustee or a transfer agent designated by the Trustee. The holders of the Trust Units from time to time shall be the sole beneficiaries of principal and interest of the Trust.
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Samples: Trust Agreement (VOC Energy Trust)
Creation and Distribution. Ownership of the entire Beneficial Interest shall be divided into 17,605,000 11,500,000 Trust Units, of which 13,203,750 shall be Common Units and 4,401,250 shall be Subordinated Units. The Trust Units shall be uncertificated and ownership thereof shall be evidenced by entry of a notation in an ownership ledger maintained for such purpose by the Trustee or a transfer agent designated by the Trustee. The holders of the Trust Units from time to time shall be the sole beneficiaries of principal and interest of the Trust.
Appears in 1 contract
Samples: Trust Agreement (MV Oil Trust)
Creation and Distribution. Ownership of the entire Beneficial Interest shall be divided into 17,605,000 49,000,000 Trust Units, of which 13,203,750 36,750,000 shall be Common Units and 4,401,250 12,250,000 shall be Subordinated Units. The Trust Units shall initially be uncertificated and ownership thereof evidenced by entry of a notation in an ownership ledger maintained for such purpose by the Trustee or a transfer agent designated by the TrusteeTransfer Agent. The holders of the Trust Units from time to time Unitholders shall be the sole beneficiaries beneficial owners of principal the Trust Estate and interest of the Trust.
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