Transfer of Trust Property to the Trust. Upon the formation of the Trust, Enduro paid good and valuable consideration to the Trust, in trust, for the uses and purposes provided in the Organizational Trust Agreement and in this Agreement. At (and subject to the occurrence of) the Closing the following transactions will occur:
Transfer of Trust Property to the Trust. Upon the formation of the Trust, Trustors paid good and valuable consideration to the Trust, in trust, for the uses and purposes provided in the Organizational Trust Agreement and in this Agreement. At (and subject to the occurrence of) the Closing, Trustors shall grant, bargain, sell, convey and assign to the Trust for the uses and purposes provided herein the Net Profits Interest and Pre-Effective Time Payment pursuant to the Conveyance in consideration for 13,863,889 Trust Units to be issued by the Trust to Trustors, which Trust Units shall collectively represent the entire Beneficial Interest in accordance with Section 4.01. The issuance of the 13,863,889 Trust Units is hereby duly authorized and, upon issuance at the Closing, such Trust Units shall be duly and validly issued and outstanding and, upon receipt by the Trust at the Closing of the consideration described in the preceding sentence, the Trust Units will be fully paid and non-assessable without the requirement of any further consideration.
Transfer of Trust Property to the Trust. Upon the formation of the Trust, Boaz Energy paid good and valuable consideration to the Trust, in trust, for the uses and purposes provided in the Organizational Trust Agreement and in this Agreement. At (and subject to the occurrence of) the Closing the following transactions will occur:
Transfer of Trust Property to the Trust. Upon the formation of the Trust, PCEC paid good and valuable consideration to the Trust, in trust, for the uses and purposes provided in the Organizational Trust Agreement and in this Agreement. At (and subject to the occurrence of) the Closing the following transactions will occur:
Transfer of Trust Property to the Trust. (a) Upon the formation of the Trust, XxxxXxxxx paid good and valuable consideration to the Trust, in trust, for the uses and purposes provided in the Initial Trust Agreement and in this Agreement. At (and subject to the occurrence of) the Closing the following transactions will occur:
Transfer of Trust Property to the Trust. Upon the formation of the Trust, MV Partners paid good and valuable consideration to the Trust, in trust, for the uses and purposes provided in the Organizational Trust Agreement and in this Agreement. At (and subject to the occurrence of) the Closing, MV Partners shall, or shall cause its Affiliates to, grant, bargain, sell, convey and assign to the Trust for the uses and purposes provided herein (i) the Net Profits Interest pursuant to the Conveyance and (ii) the Hedge Agreements Assignment in consideration for 11,500,000 Trust Units to be issued by the Trust to MV Partners, which Trust Units shall collectively represent the entire Beneficial Interest in accordance with Section 4.01 of this Agreement. The issuance of the 11,500,000 Trust Units is hereby duly authorized and, upon issuance at the Closing, such Trust Units shall be duly and validly issued and outstanding and, upon receipt by the Trust at the Closing of the consideration described in the preceding sentence, the Trust Units will be fully paid and non-assessable without the requirement of any further consideration.
Transfer of Trust Property to the Trust. Upon the formation of the Trust, ECA paid good and valuable consideration to the Trust, in trust, for the uses and purposes provided in the Organizational Trust Agreement and in this Agreement. At (and subject to the occurrence of) the Closing the following transactions will occur:
Transfer of Trust Property to the Trust. (a) Depositor has paid to the Original Trustees, in trust, and concurrently with the execution and delivery of this Agreement the Original Trustees have transferred to the Trustee, and the Trustee has accepted and agreed to hold in trust, for the uses and purposes provided herein, the sum of Ten Dollars ($10.00). Pursuant to the Merger Agreement, Depositor has agreed to cause Company and/or its Affiliates, effective as of the Effective Time, to enter into the Master Conveyance as of the Closing and to grant, bargain, sell, convey and assign the Royalties to the Trust as provided for in the Master Conveyance, for the uses and purposes provided herein and for the benefit of the Unitholders, pursuant to the Conveyances.
Transfer of Trust Property to the Trust. Upon the formation of the Trust, VOC Brazos paid good and valuable consideration to the Trust, in trust, for the uses and purposes provided in the Organizational Trust Agreement and in this Agreement. At (and subject to the occurrence of) the Closing, VOC Brazos shall, or shall cause its Affiliates to, grant, bargain, sell, convey and assign to the Trust for the uses and purposes provided herein the Net Profits Interest pursuant to the Conveyance in consideration for 17,000,000 Trust Units to be issued by the Trust to VOC Brazos, which Trust Units shall collectively represent the entire Beneficial Interest in accordance with Section 4.01. The issuance of 17,000,000 Trust Units is hereby duly authorized and, upon issuance, such Trust Units shall be duly and validly issued and outstanding and, upon receipt by the Trust at the Closing of the consideration described above, the Trust Units will be fully paid and nonassesable without the requirement of any further consideration.
Transfer of Trust Property to the Trust. Grantor has (a) paid to the Trustee, in trust, and the Trustee has accepted, for the uses and purposes provided herein, the sum of One Hundred Dollars ($100) in consideration for 42,574,298 Units to be issued by the Trust to Grantor, which Units shall collectively represent the entire Beneficial Interest in accordance with Section 4.1 of this Agreement and (b) pursuant to the Merger Agreement, agreed to cause EEX and/or its Affiliates, after the Effective Time but on or before the Issuance Date to enter into the Master Conveyance and to grant, bargain, sell, convey and assign the Royalties to the Trust as provided for in the Master Conveyance, effective as of the Effective Time, for the uses and purposes provided herein and for the benefit of the Unitholders, pursuant to the Conveyances.
