Filing of this Agreement. Neither this Agreement nor any executed copy hereof need be filed in any county in which any of the Trust Estate is located or elsewhere, but the same may be filed for record in any county by the Trustee. In order to avoid the necessity of filing this Agreement for record, the Trustee agrees that to the extent applicable for the purpose of vesting the record title to the Royalties in any successor Trustee, the succeeded Trustee will, upon appointment of any successor Trustee, execute and deliver to such successor Trustee appropriate assignments or conveyances.
Appears in 2 contracts
Sources: Royalty Trust Agreement (Gulf Coast Ultra Deep Royalty Trust), Royalty Trust Agreement (Gulf Coast Ultra Deep Royalty Trust)
Filing of this Agreement. Neither this Agreement nor any executed copy hereof need be filed in any county in which any of the Trust Estate is located or elsewherelocated, but the same may be filed for record in any county by the Trustee. In order to avoid the necessity of filing this Agreement for record, the Trustee agrees that to the extent applicable for the purpose of vesting the record title to the Royalties in any successor Trustee, the succeeded Trustee will, upon appointment of any successor Trustee, execute and deliver to such successor Trustee appropriate assignments or conveyances.
Appears in 1 contract
Sources: Royalty Trust Agreement (Newfield Exploration Co /De/)