Common use of Perpetuities Clause in Contracts

Perpetuities. To the extent that the rule against perpetuities is applicable thereto, but not otherwise, the rights granted to Tenant in Article 14 hereof shall expire upon the earlier to occur of (a) the date set forth for expiration of such rights in said Article 14 or (b) the date which is 21 years after the date of death of the last to die of the following parties: the last grandchild to survive of the presently living grandchildren of George H. Bush, former President of the United States of America.

Appears in 2 contracts

Samples: Lease Agreement (Group 1 Automotive Inc), Lease Agreement (Group 1 Automotive Inc)

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Perpetuities. To the extent that the rule against perpetuities is applicable thereto, but not otherwise, the rights granted to Tenant in Article 14 hereof shall expire upon the earlier to occur of (a) the date set forth for expiration of such rights in said Article 14 or (b) the date which is 21 years after the date of death of the last to die of the following parties: the last grandchild to survive of the presently living grandchildren of George H. BushGxxxxx X.X. Xxxx, former President of the United States of America.

Appears in 1 contract

Samples: Lease Agreement (Group 1 Automotive Inc)

Perpetuities. To the extent that the rule against perpetuities is applicable thereto, but not otherwise, the rights granted to Tenant in Article 14 hereof shall expire upon the earlier to occur of (a) the date set forth for expiration of such rights in said Article 14 or (b) the date which is 21 years after the date of death of the last to die of the following parties: the last grandchild to survive of the presently living grandchildren of George H. BushXxxxxx X. Xxxx, former President of the United States of America.

Appears in 1 contract

Samples: Lease Agreement (Group 1 Automotive Inc)

Perpetuities. To the extent that the rule against perpetuities is applicable thereto, but not otherwise, the rights granted to Tenant in Article 14 13 hereof shall expire upon the earlier to occur of (a) the date set forth for expiration of such rights in said Article 14 13 or (b) the date which is 21 years after the date of death of the last to die of the following parties: the last grandchild to survive of the presently living grandchildren of George H. BushGeorxx Xxxx, former xxrmer President of the United States of America.

Appears in 1 contract

Samples: Sublease Agreement (Group 1 Automotive Inc)

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Perpetuities. To the extent that the rule against perpetuities is applicable thereto, but not otherwise, the rights granted to Tenant in Article 14 hereof shall expire upon the earlier to occur of (a) the date set forth for expiration of such rights in said Article 14 or (b) the date which is 21 years after the date of death of the last to die of the following parties: the last grandchild to survive of the presently living grandchildren of George H. Bush, former President of the United States of America.

Appears in 1 contract

Samples: Lease Agreement (Group 1 Automotive Inc)

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