Common use of Creation and Distribution Clause in Contracts

Creation and Distribution. The entire Beneficial Interest shall be divided into 40,000,000 Units. The ownership of the Units shall be evidenced by Certificates in substantially the form of Schedule 1 attached to this Indenture, containing such changes or alterations of form, but not substance, as the Trustee shall from time to time, in its discretion, deem necessary or desirable.

Appears in 2 contracts

Sources: Royalty Trust Indenture (Cross Timbers Oil Co), Royalty Trust Indenture (Cross Timbers Oil Co)

Creation and Distribution. The entire Beneficial Interest shall be divided into 40,000,000 42,574,298 Units. The ownership of the Units shall be evidenced by Certificates in substantially the form of Schedule 1 attached to this IndentureAgreement, containing such changes or alterations of form, but not substance, as the Trustee shall from time to time, in its discretion, deem necessary or desirable.

Appears in 1 contract

Sources: Royalty Trust Agreement (Newfield Exploration Co /De/)