Trust Units and Uncertificated Beneficial Interest. Section 4.01 Creation and Distribution. Ownership of the entire Beneficial Interest shall be divided into [•] Trust Units. The Trust Units shall be uncertificated and ownership thereof shall be evidenced by entry of a notation in an ownership ledger maintained for such purpose by the Trustee or a transfer agent designated by the Trustee. The Trust Unitholders from time to time shall be the sole beneficial owners of the Trust Estate.
Appears in 4 contracts
Samples: Trust Agreement (Pacific Coast Energy Co LP), Trust Agreement (Pacific Coast Energy Co LP), Trust Agreement (Enduro Royalty Trust)
