Common use of Ownership of Units by Enduro, the Delaware Trustee and the Trustee Clause in Contracts

Ownership of Units by Enduro, the Delaware Trustee and the Trustee. Each of the Delaware Trustee and the Trustee, in its individual or other capacity, may become the owner or pledgee of Trust Units with the same rights it would have if it were not a trustee hereunder. Enduro is an owner of Trust Units, and each of Enduro and its Affiliates may become the owner of additional Trust Units, with the same rights and entitled to the same benefits as any other Trust Unitholder.

Appears in 5 contracts

Samples: Trust Agreement (Enduro Royalty Trust), Trust Agreement (Enduro Royalty Trust), Trust Agreement (Enduro Royalty Trust)

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