Perpetuity Sample Clauses
Perpetuity. The Tenant shall hold the rights under this Addendum in perpetuity (endless duration) without the option of being revoked by the Landlord. ☐ - Other. [OTHER TERM].
Perpetuity. This clause remains effective in perpetuity even if the Agreement is terminated under the provisions of Clause 5.
Perpetuity. If any term or provision of this Indenture would but for this provision be void in whole or in part under the rule against perpetuities then such term or provision or part shall to that extent be read and construed as if there had been included therein a restriction limiting the vesting of future interest in property thereby purported to be vested to the Perpetuity Period.
Perpetuity. If the perpetuity rules apply to the Plan, the perpetuity period applicable to the Plan shall be 125 years from the date of commencement of the Plan or such other period as may be permitted by law.
Perpetuity. At the expiry of the Royalty Term, the rights and licenses granted to Marathon under Section 3 shall automatically convert into royalty-free, fully paid-up and non-assessable rights and licenses.
Perpetuity. 1) The Subrecipient agrees the Project is being acquired or developed with Land and Water Conservation Fund assistance and shall be maintained in perpetuity for public outdoor recreation. If Subrecipient removes the Project from outdoor public recreation either through the sale of the project area or a conversion to a non-outdoor public recreation, the Subrecipient acknowledges it is responsible for all costs associated with the replacement of the converted Project area and the subsequent construction of a new facility. Any replacement of the Project, in whole or in part, must be completed in compliance with the Manual and the Act. All conversion/replacement processes must be coordinated through and with the approval of the Department and NPS.
2) The Department shall approve such conversion only if it is in accord with the then existing State Comprehensive Outdoor Recreation Plan and only upon such conditions as deemed necessary to assure the substitution of other recreation properties of at least equal fair market value and of reasonable equivalent usefulness and location pursuant to Title 36 Part 59.3 of the Code of Federal Regulations. This replacement becomes subject to Section 6(f)(3)
Perpetuity. 9.1 The term of this Agreement and the license granted hereunder shall commence on the Effective Date and shall continue in force in perpetuity.
9.2 The following sections shall survive termination of this Agreement and shall remain in full force and effect thereafter: 4, 5, 7, 8, 9, 10, 11.
9.3 Notwithstanding any other provision of this Agreement, either Party may terminate this Agreement upon giving notice to the other, should the other commit an act of bankruptcy, declare bankruptcy, be declared bankrupt, enter into an arrangement for the benefit of creditors, or enter into a procedure of winding up or dissolution.
Perpetuity. OAM will continue to make payments to the IA as long as the client remains a client of OAM.
Perpetuity. (A) The Options shall cease to be exercisable on the eightieth anniversary of the date of this agreement.
(B) Without prejudice to the efficacy of clause 19.2(A), following the eightieth anniversary of the date of this agreement and in consideration of the parties’ prospective mutual rights and obligations the Options shall, to the extent permitted by law, be renewed on the same terms (unless the parties agree otherwise).