Common use of RE-PURCHASE OF INITIAL TRUST UNITS BY TRUST Clause in Contracts

RE-PURCHASE OF INITIAL TRUST UNITS BY TRUST. Immediately after the Closing, the Trust will repurchase the initial Trust Units from the Trustee, and the Trustee shall sell the initial Trust Units to the Trust for a purchase price of one hundred dollars and, upon the completion of such purchase and sale, the initial Trust Units shall be cancelled and shall no longer be outstanding for any of the purposes of this Indenture.

Appears in 3 contracts

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

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RE-PURCHASE OF INITIAL TRUST UNITS BY TRUST. Immediately after the Closing, the Trust will repurchase the initial Trust Units from the TrusteeSettlor, and the Trustee Settlor shall sell the initial Trust Units to the Trust for a purchase price of one two hundred dollars and, upon the completion of such purchase and sale, the initial Trust Units shall be cancelled and shall no longer be outstanding for any of the purposes of this Indenture.

Appears in 1 contract

Samples: Trust Indenture (Baytex Energy Trust)

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