Prohibited Amendments. After the Closing, no amendment may be made to any provision of this Agreement that would: (a) increase the power of the Trust, or the Delaware Trustee or the Trustee on its behalf, to engage in business or investment activities; (b) alter the rights of the Trust Unitholders vis-a-vis each other, including by altering the Incentive Threshold (except as provided in Section 3.16), the Subordination Threshold, or the percentage of the Quarterly Cash Distribution Amount payable as Incentive Distributions; (c) permit the Trust to distribute the Royalty Interests in kind to the Trust Unitholders; or (d) unless consented to in writing by ▇▇▇▇▇▇▇▇▇, have the effect of amending Sections 3.02, 6.02, 7.02, 9.02, 9.03, 10.01 or 10.02 hereof.
Appears in 4 contracts
Sources: Trust Agreement (SandRidge Permian Trust), Trust Agreement (SandRidge Permian Trust), Trust Agreement (SandRidge Mississippian Trust I)
Prohibited Amendments. After the Closing, no amendment may be made to any provision of this Agreement that would:
(a) increase the power of the Trust, or the Delaware Trustee or the Trustee on its behalf, to engage in business or investment activities;
(b) alter the rights of the Trust Unitholders vis-a-vis each other, including by altering the Incentive Threshold (except as provided in Section 3.163.17), the Subordination Threshold, or the percentage of the Quarterly Cash Distribution Amount payable as Incentive Distributions;
(c) permit the Trust to distribute the Royalty Interests in kind to the Trust Unitholders; or
(d) unless consented to in writing by ▇▇▇▇▇▇▇▇▇, have the effect of amending Sections 3.02, 6.02, 7.02, 9.02, 9.03, 10.01 or 10.02 hereof.
Appears in 3 contracts
Sources: Trust Agreement (SandRidge Mississippian Trust II), Trust Agreement (SandRidge Mississippian Trust II), Trust Agreement (SandRidge Mississippian Trust II)
Prohibited Amendments. After the Closing, no amendment may be made to any provision of this Agreement that would:
(a) increase the power of the Trust, or the Delaware Trustee or the Trustee on its behalf, to engage in business or investment activities;
(b) alter the rights of the Trust Unitholders vis-a-vis each other, including by altering the Incentive Threshold (or the Subordination Threshold, except in either case as provided in Section 3.16), the Subordination Threshold, or alter the percentage of the Quarterly Cash Distribution Amount payable as Incentive Distributions;
(c) permit the Trust to distribute the Royalty Interests in kind to the Trust Unitholders; or
(d) unless consented to in writing by ▇▇▇▇▇▇▇▇▇Chesapeake, have the effect of amending Sections 3.02, 6.02, 7.02, 9.02, 9.03, 10.01 or 10.02 hereof.
Appears in 2 contracts
Sources: Trust Agreement (Chesapeake Granite Wash Trust), Trust Agreement (Chesapeake Granite Wash Trust)