Common use of Payment of Amounts Payable Clause in Contracts

Payment of Amounts Payable. Amounts payable to Unitholders pursuant to Sections 5.2 and 5.3 may be paid by the Trust on any date (the "Payment Date") specified by the Trustee as the applicable Distribution Record Date, or a day within 30 days after the applicable Distribution Record Date and in the same calendar year.

Appears in 3 contracts

Samples: Valiant Trust (Harvest Energy Trust), Harvest Energy Trust (Harvest Energy Trust), Harvest Energy Trust

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Payment of Amounts Payable. Amounts payable to Unitholders pursuant to Sections 5.2 and 5.3 may be paid by the Trust on any date (the "β€œPayment Date"”) specified by the Trustee as the applicable Distribution Record Date, or a day within 30 31 days after the applicable Distribution Record Date and in the same calendar yearyear as the applicable Distribution Record Date. Subject to Section 5.8, distributions shall be paid in cash.

Appears in 1 contract

Samples: Trust Indenture (Canetic Resources Trust)

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Payment of Amounts Payable. Amounts payable to Unitholders pursuant to Sections 5.2 and 5.3 5.4 may be paid by the Trust on any date (the "Payment DatePAYMENT DATE") specified by the Trustee as the applicable Distribution Record Date, or a day within 30 days after the applicable Distribution Record Date and in the same calendar year.

Appears in 1 contract

Samples: Trust Indenture (Baytex Energy Trust)

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