Perpetuity Period definition

Perpetuity Period means the period of 80 years commencing on the date of this Lease being the perpetuity period for the purposes of Section 1 of the Perpetuities and Accumulations Xxx 0000 applicable to this Lease

Perpetuity Period means the period of 80 years from 2 December 1974 plus such further period as may be lawful, including any period during which the trusts of the scheme are exempt from the application of the rule against perpetuities. The entire such period shall be the perpetuity period for the purposes of the scheme under the rule against perpetuities for the purposes of section 1 of the Perpetuities and Accumulations Act 1964.

Perpetuity Period means a period of eighty years from the date hereof

Examples of Perpetuity Period in a sentence

• The Perpetuity Period is the period of 80 years from the date of this deed (being the maximum perpetuity period under the Perpetuities Act 1964).

• No powers or discretions which are subject to the rule against perpetuities will be capable of being exercised or prolonging vesting after the expiry of the Perpetuity Period.

• Disputes Committee means the committee appointed in accordance with clause 19.4. Distribution Date means the date that occurs 80 years less one day from the date of this deed or such earlier or later date within the Perpetuity Period applicable to this deed from time to time as provided in clause 2.3. Election Closing Date has the meaning set out in clause 4.8 of Schedule One.

• A Fund shall not terminate automatically on the expiry of the Perpetuity Period.

• Upon the expiration of the Perpetuity Period, or if the Individual Trustees determine that the Purpose of the Trust can no longer be fulfilled, the Corporate Trustee shall distribute the TrustEstate outright to one or more organizations that will further the protection of free expression as appointed by the Settlor, Corporate Trustee and the Individual Trustees.

More Definitions of Perpetuity Period

Perpetuity Period means the period beginning on the date hereof and expiring on the sooner of eighty years from the date hereof and the Termination of the Term

Perpetuity Period means the period that commences on the date of this Deed and ends eighty (80) years less one (1) day after the date of this Deed, that period being the period spe- cified for the purposes of section 6 of the Perpetuities Act 1964, or (if another period is specified in legislation) that other period;

Perpetuity Period means the period commencing today and expiring EIGHTY (80) years after today

Perpetuity Period means the period commencing on the date of this Lease and ending on the expiration of twenty one years from the day of the death of the last survivor of the issue living of His Late Britannic Majesty King Xxxxxx X. INTERPRETATION:-

Perpetuity Period means the period commencing on the date of this Lease and ending at the expiration of twenty years from the date of the death of the last survivor of the issue now living of the late President of Ireland Xxxxx xx Xxxxxx.

Perpetuity Period eighty years from the date hereof;

Perpetuity Period means the period commencing on the date of this Lease and ending on the expiration of twenty one years from the day of the death of the last survivor of the issue living of His Late Britannic Majesty King George V.