Common use of Rule Against Perpetuities Clause in Contracts

Rule Against Perpetuities. The parties hereto do not intend any interest created by this Ground Lease to be a perpetuity or to be subject to invalidation under the perpetuities rule, however, if the rule is to be applied, then the perpetuities period shall be twenty-one (21) years after the last to die of the

Appears in 1 contract

Samples: Ground Lease Agreement (Ultramar Diamond Shamrock Corp)

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Rule Against Perpetuities. The parties hereto do not intend any interest created by this Ground Lease to be a perpetuity or to be subject to invalidation under the perpetuities rule, however, if the rule is to be applied, then the perpetuities period shall be twenty-one (21) years after the last to die of thethe currently living great-grandchildren and/or grandchildren of Xxxxxx X. X. Xxxx.

Appears in 1 contract

Samples: Ground Lease Agreement (Randalls Food Markets Inc)

Rule Against Perpetuities. The parties hereto do not intend any interest created by this Ground Facilities Lease to be a perpetuity or to be subject to invalidation under the perpetuities rule, however, if the rule is to be applied, then the perpetuities period shall be twenty-one (21) years after the last to die of thethe currently living great-grandchildren and/or grandchildren of Xxxxxx X. X.

Appears in 1 contract

Samples: Facilities Lease Agreement (Randalls Food Markets Inc)

Rule Against Perpetuities. The parties hereto do not ------------------------- intend any interest created by this Ground Lease to be a perpetuity or to be subject to invalidation under the any applicable perpetuities rule, ; however, if the rule is to be applied, then the perpetuities period shall be twenty-one (21) years after the last to die of thethe currently living great-grandchildren and/or grandchildren and/or children of former United States President Xxxxxx X. X.

Appears in 1 contract

Samples: Ground Lease (Mobil Corp)

Rule Against Perpetuities. The parties hereto do not intend any interest created by this Ground Facilities Lease to be a perpetuity or to be subject to invalidation under the perpetuities rule, however, if the rule is to be applied, then the perpetuities period shall be twenty-one (21) years after the last to die of thethe currently living great-grandchildren and/or grandchildren of Georxx X. X.

Appears in 1 contract

Samples: Facilities Lease Agreement (Ultramar Diamond Shamrock Corp)

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Rule Against Perpetuities. The parties hereto do not intend any interest created by this Ground Lease to be a perpetuity or to be subject to invalidation under the perpetuities rule, however, if the rule is to be applied, then the perpetuities period shall be twenty-one (21) years after the last to die of thethe currently living great-grandchildren and/or grandchildren of Xxxxxx X. X.

Appears in 1 contract

Samples: Ground Lease Agreement (Vari Lite International Inc)

Rule Against Perpetuities. The parties hereto do not intend any interest created by this Ground Lease to be a perpetuity or to be subject to invalidation under the perpetuities rule, however, if the rule is to be applied, then the perpetuities period shall be twenty-one (21) years after the last to die of thethe currently living great-grandchildren and/or grandchildren of Georxx X. X. Xxxx.

Appears in 1 contract

Samples: Ground Lease Agreement (Monro Muffler Brake Inc)

Rule Against Perpetuities. The parties hereto do not intend any interest created by this Ground Facilities Lease to be a perpetuity or to be subject to invalidation under the perpetuities rule, however, if the rule is to be applied, then the perpetuities period shall be twenty-one (21) years after the last to die of thethe currently living great-grandchildren and/or grandchildren of Georxx X. X. Xxxx.

Appears in 1 contract

Samples: Facilities Lease Agreement (Monro Muffler Brake Inc)

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