Transfer of Trust Units. (a) Subject to the provisions of this Article 11, the Trust Units shall be fully transferable without charge as between persons, but no transfer of Trust Units shall be effective as against the Trustee or shall be in any way binding upon the Trustee until the transfer has been recorded on the register or one of the branch transfer registers maintained by the Trustee or Transfer Agent. No transfer of a Trust Unit shall be recognized unless such transfer is of a whole Trust Unit.
Appears in 4 contracts
Samples: Harvest Energy Trust (Harvest Energy Trust), Trust Indenture (Baytex Energy Trust), Valiant Trust (Harvest Energy Trust)
Transfer of Trust Units. (a) Subject to the provisions of this Article 1112, the Trust Units shall be fully transferable without charge as between persons, but no transfer of Trust Units shall be effective as against the Trustee or shall be in any way binding upon the Trustee until the transfer has been recorded on the register or one of the branch transfer registers maintained by the Trustee or Transfer Agent. No transfer of a Trust Unit shall be recognized unless such transfer is of a whole Trust Unit.
Appears in 2 contracts
Samples: Trust Indenture (Canetic Resources Trust), Enterra Energy Trust
Transfer of Trust Units. (a) 7.12.1 Subject to the provisions of this Article 11ARTICLE 7, the Trust Units shall be for all purposes of the Trust and this Contract of Trust, personal and moveable property, and the Trust Units shall be fully transferable without charge as between persons, but no transfer of Trust Units shall be effective as against the Trustee Trustees or shall be in any way binding upon the Trustee Trustees until the transfer has been recorded on the register or one of the branch transfer registers Register maintained by the Trustee Trustees, the Trust or the Transfer Agent. No transfer of a Trust Unit shall be recognized unless such transfer is of a whole Trust Unit.
Appears in 1 contract
Samples: Real Estate Investment Trust
Transfer of Trust Units. (a) Subject to the provisions of this Article 11, the Trust Units shall be fully transferable without charge as between persons, but no transfer of Trust Units shall be effective as against the Trustee or shall be in any way binding upon the Trustee until the transfer has been recorded on the register or one of the branch transfer registers maintained by the Trustee or Transfer Agent. No transfer of a Trust Unit shall be recognized unless such transfer is of a whole Trust Unit.
Appears in 1 contract
Samples: Enterra Energy Trust
