Common use of Payment of Liabilities of Trust Clause in Contracts

Payment of Liabilities of Trust. The Trustee shall, to the extent that funds of the Trust are available therefor (which shall not include funds previously set aside for payment of a Monthly Distribution Amount), make payment of all liabilities of the Trust, including, but without limiting the generality of the foregoing, all expenses, taxes, liabilities of all kinds, including compensation to it for its services hereunder, and compensation to such parties as may be employed as provided for in Section 3.06 hereof.

Appears in 2 contracts

Samples: Royalty Trust Indenture (Cross Timbers Oil Co), Royalty Trust Indenture (Cross Timbers Oil Co)

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Payment of Liabilities of Trust. The Trustee shall, to the extent that funds of the Trust are available therefor (which shall not include funds previously set aside for payment of a Monthly Distribution Amount)therefor, make payment of all liabilities of the Trust, including, but without limiting the generality of the foregoing, all expenses, taxes, liabilities incurred of all kinds, including compensation to it for its services hereunder, and compensation to such parties as may be employed consulted as provided for in Section 3.06 hereof.

Appears in 1 contract

Samples: Royalty Trust Indenture (San Juan Basin Royalty Trust)

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Payment of Liabilities of Trust. The Trustee shall, to the extent that funds of the Trust are available therefor (which shall not include funds previously set aside for payment of a Monthly Quarterly Distribution Amount), make payment of all liabilities of the Trust, including, but without limiting the generality of the foregoing, all expenses, taxes, liabilities of all kinds, including compensation to it for its services hereunder, and compensation to such parties Persons as may be employed as provided for in Section 3.06 3.6 hereof.

Appears in 1 contract

Samples: Royalty Trust Agreement (Newfield Exploration Co /De/)

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