Common use of Power to Contract for Services Clause in Contracts

Power to Contract for Services. In the administration of the Trust, the Trustee is empowered to employ oil and natural gas consultants (which may include the Independent Reserve Engineers), accountants (with the consent of Trustors, which consent shall not be unreasonably withheld or delayed), attorneys (who may, but need not be, counsel to Trustors or any of their Affiliates) and other professional and expert Persons, to employ or contract for clerical and other administrative assistance (including assistance from Trustors or any of their Affiliates), to delegate to agents, employees, officers, directors, custodians or nominees (individually, an “Agent” and collectively, “Agents”) any matter, whether ministerial or discretionary, and to act through such Agents and to make payments of all fees for services or expenses in any manner thus incurred out of the Trust Estate.

Appears in 3 contracts

Samples: Trust Agreement (Whiting Petroleum Corp), Trust Agreement (Whiting Petroleum Corp), Trust Agreement (Whiting Usa Trust I)

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Power to Contract for Services. In the administration of the Trust, the Trustee is empowered to employ oil and natural gas consultants (which may include the Independent Reserve Engineers), accountants (with the consent of TrustorsTrustor, which consent shall not be unreasonably withheld or delayed), attorneys (who may, but need not be, counsel to Trustors Trustor or any of their its Affiliates) and other professional and expert Persons, to employ or contract for clerical and other administrative assistance (including assistance from Trustors Trustor or any of their its Affiliates), to delegate to agents, employees, officers, directors, custodians or nominees (individually, an “Agent” and collectively, “Agents”) any matter, whether ministerial or discretionary, and to act through such Agents and to make payments of all fees for services or expenses in any manner thus incurred out of the Trust Estate.

Appears in 2 contracts

Samples: Trust Agreement (Whiting USA Trust II), Trust Agreement (Whiting USA Trust II)

Power to Contract for Services. In the administration of the Trust, the Trustee is empowered to employ oil and natural gas consultants (which may include the Independent Reserve Engineers), accountants (with the consent of TrustorsMV Partners, which consent shall not be unreasonably withheld or delayed), attorneys (who may, but need not be, counsel to Trustors MV Partners or any of their its Affiliates) and other professional and expert Persons, to employ or contract for clerical and other administrative assistance (including assistance from Trustors MV Partners or any of their its Affiliates), to delegate to agents, employees, officers, directors, custodians or nominees (individually, an “Agent” and collectively, “Agents”) any matter, whether ministerial or discretionary, and to act through such Agents and to make payments of all fees for services or expenses in any manner thus incurred out of the Trust Estate.

Appears in 1 contract

Samples: Trust Agreement (MV Oil Trust)

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Power to Contract for Services. In the administration of the Trust, the Trustee is empowered to employ oil and natural gas consultants (which may include the Independent Reserve Engineers), accountants (with the consent of TrustorsMV Partners, which consent shall not be unreasonably withheld or delayed), attorneys (who may, but need not be, counsel to Trustors MV Partners or any of their its Affiliates) and other professional and expert Persons, to employ or contract for clerical and other administrative assistance (including assistance from Trustors MV Partners or any of their its Affiliates), to delegate to agents, employees, officers, directors, custodians or nominees (individually, an "Agent" and collectively, "Agents") any matter, whether ministerial or discretionary, and to act through such Agents and to make payments of all fees for services or expenses in any manner thus incurred out of the Trust Estate.

Appears in 1 contract

Samples: Trust Agreement (MV Oil Trust)

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