LegalMay 6, 2026, 02:58 PM
Permian Basin Royalty Trust Hearing Time Changed for Indenture Modification
AI Summary
Permian Basin Royalty Trust announced a change in the scheduled time for a hearing before the 96th District Court of Tarrant County on May 8, 2026. The hearing, which relates to a unitholder's petition seeking judicial modification of the Trust's Indenture, has been rescheduled from 10:30 a.m. Central Time to 9:30 a.m. Central Time. The petition by SoftVest, L.P. aims to amend the Indenture to reduce the approval threshold for certain amendments and allow any provision to be amended by a majority unitholder vote.
Key Highlights
- Permian Basin Royalty Trust announced a change in the time of a court hearing scheduled for May 8, 2026.
- The hearing before the 96th District Court of Tarrant County is now set for 9:30 a.m. Central Time.
- The original scheduled time for the hearing was 10:30 a.m. Central Time.
- The hearing pertains to a petition by unitholder SoftVest, L.P. seeking judicial modification of the Trust's Indenture.
- SoftVest's petition aims to eliminate the 75% approval requirement for certain amendments in Section 8.03.
- The petition also seeks to allow any Indenture provision to be amended by a majority vote of unitholders.
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