Establishment of Reserves. With respect to any liability which is contingent or uncertain in amount or which otherwise is not currently due and payable, the Trustee in its sole discretion may, but is not obligated to, establish a cash reserve for the payment of such liability.
Appears in 3 contracts
Samples: Royalty Trust Indenture (Cross Timbers Oil Co), Royalty Trust Indenture (San Juan Basin Royalty Trust), Royalty Trust Indenture (Cross Timbers Oil Co)
Establishment of Reserves. With respect to any liability which that is contingent or uncertain in amount or which that otherwise is not currently due and payable, the Trustee in its sole discretion may, but is not obligated to, establish a cash reserve for the payment of such liability.
Appears in 2 contracts
Samples: Royalty Trust Agreement (Gulf Coast Ultra Deep Royalty Trust), Royalty Trust Agreement (Gulf Coast Ultra Deep Royalty Trust)
Establishment of Reserves. With respect to any liability that which is contingent or uncertain in amount or which that otherwise is not currently due and payable, the Trustee in its sole discretion may, but is not obligated to, establish a cash reserve for the payment of such liability.
Appears in 1 contract
Samples: Royalty Trust Agreement (Newfield Exploration Co /De/)
