Common use of Transfer of Trust Property to the Trust Clause in Contracts

Transfer of Trust Property to the Trust. Upon the formation of the Trust, Trustors paid good and valuable consideration to the Trust, in trust, for the uses and purposes provided in the Organizational Trust Agreement and in this Agreement. At (and subject to the occurrence of) the Closing, Trustors shall grant, bargain, sell, convey and assign to the Trust for the uses and purposes provided herein the Net Profits Interest and Pre-Effective Time Payment pursuant to the Conveyance in consideration for 13,863,889 Trust Units to be issued by the Trust to Trustors, which Trust Units shall collectively represent the entire Beneficial Interest in accordance with Section 4.01. The issuance of the 13,863,889 Trust Units is hereby duly authorized and, upon issuance at the Closing, such Trust Units shall be duly and validly issued and outstanding and, upon receipt by the Trust at the Closing of the consideration described in the preceding sentence, the Trust Units will be fully paid and non-assessable without the requirement of any further consideration.

Transfer of Trust Property to the Trust. Upon the formation of the Trust, Trustors Trustor paid good and valuable consideration to the Trust, in trust, for the uses and purposes provided in the Organizational Trust Agreement and in this Agreement. At (and subject to the occurrence of) the Closing, Trustors Trustor shall grant, bargain, sell, convey and assign to the Trust for the uses and purposes provided herein the Net Profits Interest and Pre-Effective Time Payment pursuant to the Conveyance in consideration for 13,863,889 18,400,000 Trust Units to be issued by the Trust to TrustorsTrustor, which Trust Units shall collectively represent the entire Beneficial Interest in accordance with Section 4.01. The issuance of the 13,863,889 18,400,000 Trust Units is hereby duly authorized and, upon issuance at the Closing, such Trust Units shall be duly and validly issued and outstanding and, upon receipt by the Trust at the Closing of the consideration described in the preceding sentence, the Trust Units will be fully paid and non-assessable without the requirement of any further consideration.

Transfer of Trust Property to the Trust. Upon the formation of the Trust, Trustors paid good and valuable consideration to the Trust, in trust, for the uses and purposes provided in the Organizational Trust Agreement and in this Agreement. At (and subject to the occurrence of) the Closing, Trustors shall grant, bargain, sell, convey and assign to the Trust for the uses and purposes provided herein the Net Profits Interest and Pre-Effective Time Payment pursuant to the Conveyance in consideration for 13,863,889 Trust Units to be issued by the Trust to Trustors, which Trust Units shall collectively represent the entire Beneficial Interest in accordance with Section 4.01. The issuance of the 13,863,889 Trust Units is hereby duly authorized and, upon issuance at the Closing, such Trust Units shall be duly and validly issued and outstanding and, upon receipt by the Trust at the Closing of the consideration described in the preceding sentence, the Trust Units will be fully paid and non-assessable without the requirement of any further consideration.

Transfer of Trust Property to the Trust. Upon the formation of the Trust, Trustors Trustor paid good and valuable consideration to the Trust, in trust, for the uses and purposes provided in the Organizational Trust Agreement and in this Agreement. At (and subject to the occurrence of) the Closing, Trustors Trustor shall grant, bargain, sell, convey and assign to the Trust for the uses and purposes provided herein the Net Profits Interest and Pre-Effective Time Payment pursuant to the Conveyance in consideration for 13,863,889 Trust Units to be issued by the Trust to TrustorsTrustor, which Trust Units shall collectively represent the entire Beneficial Interest in accordance with Section 4.01. The issuance of the 13,863,889 Trust Units is hereby duly authorized and, upon issuance at the Closing, such Trust Units shall be duly and validly issued and outstanding and, upon receipt by the Trust at the Closing of the consideration described in the preceding sentence, the Trust Units will be fully paid and non-assessable without the requirement of any further consideration.