Common use of Payment of Amounts Payable Clause in Contracts

Payment of Amounts Payable. Amounts payable to Unitholders pursuant to Sections 5.2 and 5.3 may be paid by the Trust on any date (the "Payment Date") specified by the Trustee as the applicable Distribution Record Date, or a day within 30 days after the applicable Distribution Record Date and in the same calendar year.

Appears in 3 contracts

Sources: Trust Indenture (Harvest Energy Trust), Trust Indenture (Harvest Energy Trust), Trust Indenture (Harvest Energy Trust)

Payment of Amounts Payable. Amounts payable to Unitholders pursuant to Sections 5.2 and 5.3 may be paid by the Trust on any date (the "β€œPayment Date"”) specified by the Trustee as the applicable Distribution Record Date, or a day within 30 31 days after the applicable Distribution Record Date and in the same calendar yearyear as the applicable Distribution Record Date. Subject to Section 5.8, distributions shall be paid in cash.

Appears in 1 contract

Sources: Trust Indenture (Canetic Resources Trust)

Payment of Amounts Payable. Amounts payable to Trust Unitholders pursuant to Sections 5.2 5.02, 5.03, 5.04 and 5.3 5.05 may be paid by the Trust Fund on any date (the "Payment DatePAYMENT DATE") specified by the Trustee as which is the day that is the applicable Distribution Record Date, or a day within 30 days after the applicable Distribution Record Date and in the same calendar yearyear as the applicable Distribution Record Date. Subject to Section 5.08, distributions shall be paid in cash.

Appears in 1 contract

Sources: Trust Indenture (Enerplus Resources Fund)

Payment of Amounts Payable. Amounts payable to Unitholders pursuant to Sections 5.2 and 5.3 5.4 may be paid by the Trust on any date (the "Payment DatePAYMENT DATE") specified by the Trustee as the applicable Distribution Record Date, or a day within 30 days after the applicable Distribution Record Date and in the same calendar year.

Appears in 1 contract

Sources: Trust Indenture (Baytex Energy Trust)