Common use of Reliance on Experts Clause in Contracts

Reliance on Experts. To perform any act required or permitted by this Trust Agreement the Trustees may, but shall not be required to, consult with counsel, accountants, geologists, engineers, and other parties deemed by the Trustees to be qualified as experts on the matters submitted to them, who may be employees of the Trustee. The Trustees are authorized to make payments of all reasonable fees for services or expense thus incurred out of the Trust Estate.

Appears in 6 contracts

Samples: Working Interest Trust Agreement (Clayton Williams Energy Inc /De), Working Interest Trust Agreement (Clayton Williams Energy Inc /De), Working Interest Trust Agreement (Clayton Williams Energy Inc /De)

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