Common use of Perpetuities Clause in Contracts

Perpetuities. It is not the intent of Assignor or Assignee that any provision herein violate any applicable law regarding the rule against perpetuities, the suspension of the absolute power of alienation, or other rules regarding the vesting or duration of estates, and this Conveyance shall be construed as not violating such rule to the extent the same can be so construed consistently with the intent of the parties. In the event, however, that any provision hereof is determined to violate such rule, then such provision shall nevertheless be effective for the maximum period (but not longer than the maximum period) permitted by such rule that will result in no violation. To the extent that maximum period is permitted to be determined by reference to "lives in being", Assignor and Assignee agree that "lives in being" shall refer to the lifetime of the last to die of the living lineal descendants of the late Xxxxxx X. Xxxxxxx (father of the late President of the United States of America).

Perpetuities. It is not the intent of Assignor Grantor or Assignee Grantee that any provision herein violate any applicable law regarding the rule against perpetuities, the suspension of the absolute power of alienation, or other rules regarding the vesting or duration of estates, and this Conveyance shall be construed as not violating such rule to the extent the same can be so construed consistently consistent with the intent of the parties. In the event, however, event however that any provision hereof is determined to violate such rule, then such provision shall nevertheless be effective for the maximum period (but not longer than the maximum period) permitted by such rule that will result in no violation. To the extent that the maximum period is permitted to be determined by reference to "lives in being", Assignor ," Grantors and Assignee Grantee agree that "lives in being" shall refer to the lifetime of the last to die of the living lineal descendants of the late Xxxxxx X. Xxxxxxx (father of the late President of the United States of America). SECTION 3.06.

Perpetuities. It is not the intent of Assignor Grantor or Assignee Grantee that any provision herein violate any applicable law regarding the rule against perpetuities, the suspension of the absolute power of alienation, or other rules regarding the vesting or duration of estates, and this Conveyance shall be construed as not violating such rule to the extent the same can be so construed consistently consistent with the intent of the parties. In the event, however, event however that any provision hereof is determined to violate such rule, then such provision shall nevertheless be effective for the maximum period (but not longer than the maximum period) permitted by such rule that will result in no violation. To the extent that the maximum period is permitted to be determined by reference to "lives in being", Assignor ," Grantors and Assignee Grantee agree that "lives in being" shall refer to the lifetime of the last to die of the living lineal descendants of the late Xxxxxx Josexx X. Xxxxxxx (father xxther of the late President of the United States of America).

Perpetuities. It is not the intent of Assignor Grantor or Assignee Grantee that any provision herein violate any applicable law regarding the rule against perpetuities, the suspension of the absolute power of alienation, or other rules regarding the vesting or duration of estates, and this Conveyance shall be construed as not violating such rule to the extent the same can be so construed consistently consistent with the intent of the parties. In the event, however, event however that any provision hereof is determined to violate such rule, then such provision shall nevertheless be effective for the maximum period (but not longer than the maximum period) permitted by such rule that will result in no violation. To the extent that the maximum period is permitted to be determined by reference to "lives in being", Assignor ," Grantor and Assignee Grantee agree that "lives in being" shall refer to the lifetime of the last to die of the living lineal descendants of the late Xxxxxx X. Xxxxxxx (father of the late President of the United States of America).. SECTION 3.05

Perpetuities. It is not the intent of Assignor Grantor or Assignee Grantee that any provision herein violate any applicable law regarding the rule against perpetuities, the suspension of the absolute power of alienation, or other rules regarding the vesting or duration of estates, and this Conveyance shall be construed as not violating such rule to the extent the same can be so construed consistently consistent with the intent of the parties. In the event, however, event however that any provision hereof is determined to violate such rule, then such provision shall nevertheless be effective for the maximum period (but not longer than the maximum period) permitted by such rule that will result in no violation. To the extent that the maximum period is permitted to be determined by reference to "lives in being", Assignor ," Grantor and Assignee Grantee agree that "lives in being" shall refer to the lifetime of the last to die of the living lineal descendants of the late Xxxxxx Josexx X. Xxxxxxx (father xxther of the late President of the United States of America).