Determination of Ownership of Certificates. In the event of any disagreement between persons claiming to be Transferees of any Unit, and in addition to any other rights it may have under applicable law, the Trustee shall be entitled, at its option, to refuse to recognize any such claim so long as such disagreement shall continue. In so refusing, the Trustee may elect to make no delivery or other disposition of the interest represented by the Certificate involved, or any part thereof, or of any sum or sums of money, accrued or accruing thereunder, and, in so doing, the Trustee shall not be or become liable to any Person for the failure or refusal of the Trustee to comply with such conflicting claims, and the Trustee shall be entitled to continue so to refrain and refuse so to act, until
Appears in 2 contracts
Samples: Hugoton Royalty Trust Indenture (Cross Timbers Oil Co), Cross Timbers Oil Co
Determination of Ownership of Certificates. In the event of any disagreement between persons Persons claiming to be Transferees of any Unit, and in addition to any other rights it may have under applicable law, the Trustee shall be entitled, at its option, to refuse to recognize any such claim so long as such disagreement shall continue. In so refusing, the Trustee may elect to make no delivery or other disposition of the interest represented by the Certificate involved, or any part thereof, or of any sum or sums of money, accrued or accruing thereunder, and, in so doing, the Trustee shall not be or become liable to any Person for the failure or refusal of the Trustee to comply with such conflicting claims, and the Trustee shall be entitled to continue so to refrain and refuse so to act, until
Appears in 1 contract
Samples: Royalty Trust Agreement (Newfield Exploration Co /De/)
Determination of Ownership of Certificates. In the event of any disagreement between persons claiming to be Transferees of any Unit, and in addition to any other rights it may have under applicable lawUnit Holder, the Trustee shall be entitled, entitled at its option, option to refuse to recognize any such claim claims so long as such disagreement shall continue. In so refusing, the Trustee may elect to make no delivery or other disposition of the interest represented by the Certificate involved, or any part thereof, or of any sum or sums of money, accrued or accruing thereunder, and, in so doing, the Trustee shall not be or become liable to any Person for the failure or refusal of the Trustee to comply with such conflicting claims, and the Trustee shall be entitled to continue so to refrain and refuse so to act, until
Appears in 1 contract
Samples: Royalty Trust Indenture (San Juan Basin Royalty Trust)
Determination of Ownership of Certificates. In the event of any disagreement between persons claiming to be Transferees of any Unit, and in addition to any other rights it may have under applicable lawCertificate Holder, the Trustee shall be entitled, entitled at its option, option to refuse to recognize any such claim claims so long as such disagreement shall continue. In so refusing, the Trustee may elect to make no delivery or other disposition of the interest represented by the Certificate involved, or any part thereof, or of any sum or sums of money, accrued or accruing thereunder, and, in so doing, the Trustee shall not be or become liable to any Person for the failure or refusal of the Trustee to comply with such conflicting claims, and the Trustee shall be entitled to continue so to refrain and refuse so to act, until
Appears in 1 contract
Samples: Kiewit Royalty Trust