Common use of Outstanding Trust Units Clause in Contracts

Outstanding Trust Units. At the Initial Closing Date, after giving effect to the Transactions, the Trust will have outstanding 46,750,000 Trust Units; such Trust Units and the beneficial interests in the Trust represented thereby will be duly authorized and validly issued in accordance with the Trust Agreement, and will be fully paid and nonassessable and free from any preemptive or similar rights.

Outstanding Trust Units. At the Initial Closing Date, after giving effect to the Transactions, the Trust will have outstanding 46,750,000 [·] Trust Units; such Trust Units and the beneficial interests in the Trust represented thereby will be duly authorized and validly issued in accordance with the Trust Agreement, and will be fully paid and nonassessable and free from any preemptive or similar rights.

Outstanding Trust Units. At the Initial Closing Date, after giving effect to the TransactionsTransactions and assuming no exercise of the Underwriters’ over-allotment option, the Trust will have outstanding 46,750,000 17,000,000 Trust Units; such Trust Units and the beneficial interests in the Trust represented thereby will be duly authorized and validly issued in accordance with the Trust Agreement, and will be fully paid and nonassessable and free from any preemptive or similar rights.

Outstanding Trust Units. At the Initial Closing Date, after giving effect to the Transactions, the Trust will have outstanding 46,750,000 12,165,732 Trust Units; such Trust Units and the beneficial interests in the Trust represented thereby will be duly authorized and validly issued in accordance with the Trust Agreement, and will be fully paid and nonassessable and free from any preemptive or similar rights.

Outstanding Trust Units. At the Initial Closing Date, after giving effect to the Transactions, the Trust will have outstanding 46,750,000 [45,750,000] Trust Units; such Trust Units and the beneficial interests in the Trust represented thereby will be duly authorized and validly issued in accordance with the Trust Agreement, and will be fully paid and nonassessable and free from any preemptive or similar rights.