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.
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Samples: Underwriting Agreement (Chesapeake Granite Wash Trust), Underwriting Agreement (Chesapeake Granite Wash Trust)
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.
Appears in 2 contracts
Samples: Underwriting Agreement (VOC Energy Trust), Underwriting Agreement (VOC Brazos Energy Partners, LP)
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.
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