Monthly Cash Distributions. On (or, to the extent reasonably practicable, prior to) the Monthly Record Date, the Trustee shall, in the manner required by the rules of any securities exchange or quotation system on which the Trust Units are listed or admitted to trading, communicate to the Trust Unitholders the amount of the Monthly Cash Distribution for the relevant Monthly Period. On each Monthly Payment Date, the Trustee shall distribute pro rata to Trust Unitholders of record on the Monthly Record Date the Monthly Cash Distribution for the immediately preceding Monthly Period.
Appears in 10 contracts
Samples: Trust Agreement (Boaz Energy II, LLC), Trust Agreement (PermRock Royalty Trust), Trust Agreement (Pacific Coast Oil Trust)
Monthly Cash Distributions. On (or, to the extent reasonably practicable, prior to) the Monthly Record Date, the The Trustee shall, in the manner required by the rules of any securities exchange or quotation system on which the Trust Units are listed or admitted to trading, communicate to the Trust Unitholders the amount of the Monthly Cash Distribution for the relevant Monthly Period. On each Monthly Payment Date, the Trustee shall distribute pro rata to Trust Unitholders of record on the Monthly Record Date the Monthly Cash Distribution for the immediately preceding Monthly Period.
Appears in 2 contracts
Samples: Trust Agreement (PermRock Royalty Trust), Trust Agreement
