Common use of Rule Against Perpetuities Clause in Contracts

Rule Against Perpetuities. The parties to this Operating Agreement intend that the Rule against Perpetuities (and any similar rule of law) not apply to any provisions of this Operating Agreement. However, notwithstanding anything to the contrary in this Operating Agreement, if any provision in this Operating Agreement would in invalid or unenforceable because of the Rule Against Perpetuities or any similar rule of law but for this Section 14.17, the parties to this Operating Agreement hereby agree that any future interest which is created pursuant to said provision shall cease if it is not vested within 21 years after the death of the survivor of the group composed of (all who are currently Members) and their issue who are living on the date of this Operating Agreement and their issue, if any, who are living on the effective date of this Operating Agreement.

Rule Against Perpetuities. The parties to this Operating Agreement hereto intend that the Rule against Against Perpetuities (and any similar rule of law) not apply be applicable to any provisions provision of this Operating Agreement. However, notwithstanding anything to the contrary in this Operating Agreement, if any provision in this Operating Agreement would in be invalid or unenforceable because of the Rule Against Perpetuities or any similar rule of law but for this Section 14.1712.12, the parties to this Operating Agreement hereto hereby agree that any future interest which is created pursuant to under said provision shall cease if it is not vested within 21 years after the death of the last survivor of the group composed of (all the individuals who are currently Members) own interests in the initial Members and their issue who are living on the date of this Operating Agreement and their issue, if any, who are living on the effective date of this Operating Agreement.

Rule Against Perpetuities. The parties to this Operating Agreement intend that the Rule against Perpetuities (and any similar rule of law) not apply to any provisions of this Operating Agreement. However, notwithstanding anything to the contrary in this Operating Agreement, if any provision in this Operating Agreement would in be invalid or unenforceable because of the Rule Against against Perpetuities or any similar rule of law but for this Section 14.17, section 12.14 the parties to this Operating Agreement hereby agree that any future interest which is created pursuant to said provision shall cease if it is not vested within 21 years after the death of the survivor of the group composed of (all who are currently Members) Members and their issue who are living on the date of this Operating Agreement and their issue, if any, who are living on the effective date of this Operating Agreement.

Rule Against Perpetuities. The parties to this Operating Agreement hereto intend that the Rule against Against Perpetuities (and any similar rule of law) not apply be applicable to any provisions of this Operating Agreement. However, notwithstanding anything to the contrary in this Operating Agreement, if any provision in this Operating Agreement would in be invalid or unenforceable because of the Rule Against Perpetuities or any similar rule of law but for this Section 14.17, the parties to this Operating Agreement hereto hereby agree that any future interest which is created pursuant to said provision shall cease if it is not vested within 21 twenty-one years after the death of the survivor of the group composed of (all the natural persons who are currently Members) Members and their issue who are living on the date of this Operating Agreement and their issue, if any, who are living on the effective date of this Operating Agreement.

Rule Against Perpetuities. The parties to this Operating Agreement hereto intend that the --------------------------------------- Rule against Perpetuities (and any similar rule of law) not apply be applicable to any provisions of this Operating Agreement. However, notwithstanding anything to the contrary in this Operating Agreement, if any provision in this Operating Agreement would in be invalid or unenforceable because of the Rule Against against Perpetuities or any similar rule of law but for this Section 14.1713.14, the parties to this Operating Agreement hereto hereby agree that any future interest which is created pursuant to said provision shall cease if it is not vested within 21 twenty-one years after the death of the survivor of the group composed of (all the initial Members who are currently Members) individuals and their issue who are living on the date of this Operating Agreement and their issue, if any, who are living on the effective date of this Operating Agreement.

Rule Against Perpetuities. The parties to this Operating Agreement intend that the Rule against Perpetuities (and any similar rule of law) not apply to any provisions of this Operating Agreement. However, notwithstanding anything to the contrary in this Operating Agreement, if any provision in this Operating Agreement would in be invalid or unenforceable because of the Rule Against against Perpetuities or any similar rule of law but for this Section 14.17section 12.15, the parties to this Operating Agreement hereby agree that any future interest which is created pursuant to said provision pro-vision shall cease if it is not vested within 21 years after the death of the survivor of the group composed com-posed of (all who are currently Members) [Member #1 and their issue who are living on the date of this Operating Agreement Member #2], and their issue, if any, who are living on the effective date of this Operating Agreement.

Rule Against Perpetuities. The parties to this Operating Agreement hereto intend that the Rule against Perpetuities Against perpetuities (and any similar rule of law) not apply be applicable to any provisions of this Operating Agreement. However, notwithstanding anything to the contrary in this Operating Agreement, if any provision in this Operating Agreement would in be invalid or unenforceable because of the Rule Against Perpetuities or any similar rule of law but for this Section 14.1725.19, the parties to this Operating Agreement hereto hereby agree that any future interest which is created pursuant to said provision shall cease if it is not vested within 21 twenty-one years after the death of the survivor of the group composed of the individuals listed in the original Exhibit A of this Agreement (all who are currently Members) and their issue who are living on the date of this Operating Agreement and their issue, if any, who are living on the effective date of this Operating Agreement.

Rule Against Perpetuities. The parties to this Operating Agreement hereto intend that the Rule against Against Perpetuities (and any similar rule of law) not apply be applicable to any provisions of this Operating Agreement. However, notwithstanding anything to the contrary in this Operating Agreement, if any provision in this Operating Agreement would in be invalid or unenforceable because of the Rule Against Perpetuities or any similar rule of law but for this Section 14.1713.15, the parties to this Operating Agreement hereto hereby agree that any future interest which is created pursuant to said provision shall cease if it is not vested within 21 twenty-one (21) years after the death of the survivor of the group composed of (all who are currently Members) the Members on the date hereof and their issue who are living on the date Effective Date of this Operating Agreement and their issue, if any, who are living on the effective date of this Operating Agreement.

Rule Against Perpetuities. The parties to this Operating Agreement hereto intend that the Rule against Against Perpetuities (and any similar rule of law) not apply be applicable to any provisions of this Operating Agreement. However, notwithstanding anything to the contrary in this Operating Agreement, if any provision in this Operating Agreement would in be invalid or unenforceable because of the Rule Against Perpetuities or any similar rule of law but for this Section 14.1714.16, the parties to this Operating Agreement hereto hereby agree that any future interest which is created pursuant to said provision shall cease if it is not vested within 21 twenty-one (21) years after the death of the survivor of the group composed of (all who are currently Members) the Members on the date hereof and their issue who are living on the date Effective Date of this Operating Agreement and their issue, if any, who are living on the effective date of this Operating Agreement.

Rule Against Perpetuities. The parties to this Operating Agreement hereto intend that the Rule against Against Perpetuities (and any similar rule of law) not apply be applicable to any provisions of this Operating Agreement. However, notwithstanding anything to the contrary in this Operating Agreement, if any provision in this Operating Agreement would in be invalid or unenforceable because of the Rule Against Perpetuities or any similar rule of law but for this Section 14.1713.15, the parties to this Operating Agreement hereto hereby agree that any future interest which is created pursuant to said provision shall cease if it is not vested within 21 twenty-one (21) years after the death of the survivor of the group composed of F. Xxxxxx Xxxxxx (all who are is currently Membersa Member) and their his issue who are living on the date of this Operating Agreement and their issue, if any, who are living on the effective date of this Operating Agreement.