Common use of No Requirement of Diversification Clause in Contracts

No Requirement of Diversification. The Trustees shall be under no obligation to diversify the Trust Estate or to dispose of any wasting assets.

Appears in 6 contracts

Samples: Working Interest Trust Agreement (Clayton Williams Energy Inc /De), Working Interest Trust Agreement (Clayton Williams Energy Inc /De), Working Interest Trust Agreement (Clayton Williams Energy Inc /De)

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No Requirement of Diversification. The Trustees Trustee shall be under no obligation to diversify the Trust Estate Trust’s assets or to dispose of any wasting assets.

Appears in 3 contracts

Samples: Royalty Trust Agreement (Sabine Royalty Trust), Royalty Trust Agreement, Trust Agreement (Bp Prudhoe Bay Royalty Trust)

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No Requirement of Diversification. The Trustees Trustee shall be under no obligation to diversify the Trust Estate Trust's assets or to dispose of any wasting assets.

Appears in 2 contracts

Samples: Royalty Trust Agreement (Bp Prudhoe Bay Royalty Trust), Trust Agreement (Gasco Energy Inc)

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