rule against perpetuities definition

rule against perpetuities means the rule against remoteness of vesting commonly known as the modern rule against perpetuities, as modified by the Perpetuity Act;
Sample 1Sample 2
rule against perpetuities means the rule found in Section 112.036 of the Texas Trust Code requiring that an interest is not good unless it must vest, if at all, no later than 21 years after some life in being at the time of the creation of the interests, plus a period of gestation.
Sample 1
rule against perpetuities. Any right or interest granted under this Deed (including but not limited to Grantor’s obligations under Sections 5.5 and 5.6) that would violate any applicable Rule Against Perpetuities or any similar rule of law, shall terminate twenty-one (21) years after the death of the last survivor of the children and grandchildren of Rxxxxx X. Xxxxxxx who are alive on the Effective Date.
Sample 1

Related to rule against perpetuities

  • Applicable Anti-Money Laundering Law shall have the meaning assigned to such term in Section 6.11.

  • Law" or "Laws means any federal, state or local government law, rules or regulations applicable to the Project.

  • Anti-Money Laundering Laws means any law or regulation in a U.S. or any non-U.S. jurisdiction regarding money laundering, drug trafficking, terrorist-related activities or other money laundering predicate crimes, including the Currency and Foreign Transactions Reporting Act of 1970 (otherwise known as the Bank Secrecy Act) and the USA PATRIOT Act.

  • Anti-Money Laundering Law means applicable laws or regulations in any jurisdiction in which any Loan Party or any Subsidiary is located or doing business that relates to money laundering, any predicate crime to money laundering, or any financial record keeping and reporting requirements related thereto.

  • Anti-Money Laundering and Anti-Terrorism Laws shall have the meaning assigned thereto in Section 3.1(f)(i).

  • insolvency practitioner means any receiver, administrator or liquidator appointed in respect of the Tenant;

  • Intimidating, threatening, abusive, or harming conduct means, but is not limited to, conduct that does the following:

  • criminal laws means all criminal laws designated as such under domestic law irrespective of whether contained in the tax laws, the criminal code or other statutes.

  • Insolvency Legislation means legislation in any applicable jurisdiction relating to reorganization, arrangement, compromise or re-adjustment of debt, dissolution or winding-up, or any similar legislation, and specifically includes for greater certainty the Bankruptcy and Insolvency Act (Canada), the Companies’ Creditors Arrangement Act (Canada), the Winding-Up and Restructuring Act (Canada) and the Bankruptcy Code (United States).

  • Money Laundering Laws has the meaning set forth in Section 3.25.

  • Bribery means the act of unduly offering, giving, receiving or soliciting anything of value to influence the process of procuring goods or services, selecting consultants, or executing contracts.

  • Attack directed against any civilian population means a course of conduct involving the multiple commission of acts referred to in paragraph 1 against any civilian population, pursuant to or in furtherance of a State or organizational policy to commit such attack;

  • Victim or target of Nazi persecution means any individual persecuted or targeted for persecution by

  • Criminal drug statute means a Federal or non-Federal criminal statute involving the manufacture, distribution, dispensing, possession or use of any controlled substance.

  • Anticorruption Laws means the US Foreign Corrupt Practices Act of 1977, as amended and any other anticorruption or anti-bribery Applicable Law applicable to the Company or any of its Subsidiaries.

  • the 1996 Act means the Education Act 1996;

  • Necessary Personal Effects means items such as clothing and toiletry items, which are included in the Insured’s Baggage and are required for the Insured’s Trip.

  • Administration of criminal justice means performance of any activity directly involving the

  • Bankruptcy Act means the Bankruptcy Act or Title 11 of the United States Code.

  • Anti-Corruption and Anti-Bribery Laws means the Foreign Corrupt Practices Act of 1977, as amended, any rules or regulations thereunder, or any other applicable United States or non-U.S. anti-corruption or anti-bribery laws or regulations.

  • Emissions means the total emissions in tCO2 equivalent for a target period; “EU ETS Directive” means Directive 2003/87/EC of the European Parliament and of the Council establishing a scheme for greenhouse gas emissions allowance trading within the Community and amending Council Directive 96/61/EC, as amended from time to time;1

  • NICs Legislation means the Social Security (Categorisation of Earners) Regulations 1978;

  • the 1998 Act (“Deddf 1998”) means the Teaching and Higher Education Act 1998;

  • corrupt and fraudulent practice means the offering, giving, receiving, or soliciting, of anything of value to influence the action of a public official or the contractor in the procurement process or in contract execution to the detriment of the procuring agency; or misrepresentation of facts in order to influence a procurement process or the execution of a contract, collusive practices among applicants/bidders (prior to or after bid submission) designed to establish bid prices at artificial, non-competitive levels and to deprive the procuring agency of the benefits of free and open competition and any request for, or solicitation of anything of value by any public official in the course of the exercise of his duty;

  • Corrupt and Fraudulent Practices means either one or any combination of the practices given below;

  • Anti-Corruption Laws means all laws, rules, and regulations of any jurisdiction applicable to the Borrower or its Subsidiaries from time to time concerning or relating to bribery or corruption.