Common use of Income and Principal Clause in Contracts

Income and Principal. The Trustees may, but shall not be required to, keep separate accounts or records for income and principal. To the extent that such separate accounts or records are kept, the Trustees may allocate the receipts, disbursements and reserves of the Trust between income or principal in the discretion of the Trustees, and the Trustees’ discretion need not accord with the provisions of any requirement of applicable law which may be lawfully negated by this Trust Agreement. Regardless of any such characterization, however, the Trustees shall not make any distribution, accumulate any funds, or maintain any reserve except as expressly provided in this Trust Agreement. The Trustees shall not maintain a reserve for depletion of the assets represented in the Trust Estate.

Income and Principal. The Trustees Trustee may, but shall not be required to, keep separate accounts or records for income and principal. To the extent that such separate accounts or records are kept, the Trustees Trustee may allocate the receipts, disbursements disbursements, and reserves of the Trust between income or and principal in the discretion of the TrusteesTrustee, and the Trustees’ Trustee's discretion need not accord with the provisions of any requirement of applicable law which may be maybe lawfully negated by this Trust Agreement. Regardless of any such characterization, however, the Trustees Trustee shall not make any distribution, accumulate any funds, or maintain any reserve except as expressly provided in this Trust Agreement. The Trustees Trustee shall not maintain a reserve for depletion of the mineral assets represented in the Trust Estatecorpus.

Income and Principal. The Trustees may, but Trustee shall not be required to, to keep separate accounts or records for income and principalprincipal or maintain any reserves for depletion of any mineral assets in the Trust Estate. To the extent that such separate accounts or records are kept, the Trustees Trustee may allocate the receipts, disbursements and reserves of the Trust between income or and principal in the discretion of the TrusteesTrustee, and the Trustees’ Trustee’s discretion need not accord with the provisions provision of any requirement of applicable law which may be lawfully negated by this Trust Agreementlaw. Regardless of any such characterization, however, the Trustees Trustee shall not make any distribution, accumulate any funds, funds or maintain any reserve except as expressly provided in this Trust Agreement. The Trustees shall not maintain a reserve for depletion of the assets represented in the Trust Estate.

Income and Principal. The Trustees may, but Trustee shall not be required to, to keep separate accounts or records for income and principalprincipal or maintain any reserves for depletion of any mineral assets in the Trust Estate. To the extent that such separate accounts or records are kept, the Trustees Trustee may allocate the receipts, disbursements and reserves of the Trust between income or and principal in the discretion of the TrusteesTrustee, and the Trustees’ Trustee's discretion need not accord with the provisions provision of any any, requirement of applicable law which may be lawfully negated by this Trust Agreementlaw. Regardless of any such characterization, however, the Trustees Trustee shall not make any distribution, accumulate any funds, funds or maintain any reserve except as expressly provided in this Trust Agreement. The Trustees shall not maintain a reserve for depletion of the assets represented in the Trust Estate.

Income and Principal. The Trustees may, but Trustee shall not be required to, to keep separate accounts or records for income and principalprincipal or maintain any reserves for depletion of any mineral assets in the Trust Estate. To the extent that such separate accounts or records are kept, the Trustees Trustee may allocate the receipts, disbursements and reserves of the Trust between income or and principal in the discretion of the TrusteesTrustee, and the Trustees’ Trustee’s discretion need not accord with the provisions of any requirement of applicable law which may be lawfully negated by this Trust Agreementlaw. Regardless of any such characterization, however, the Trustees Trustee shall not make any distribution, accumulate any funds, funds or maintain any reserve except as expressly provided in this Trust Agreement. The Trustees shall not maintain a reserve for depletion of the assets represented in the Trust Estate.