Common use of Rule Against Perpetuities Clause in Contracts

Rule Against Perpetuities. The Parties do not intend nor desire for this Agreement to violate the common law Rule Against Perpetuities or any analogous statutory provision or any other statutory or common law rule imposing time limits on the vesting or termination of estates in land. If any provision of this Agreement does or would violate the Rule Against Perpetuities or any analogous statutory provision or any other statutory or common law rule imposing time limits on the vesting or termination of estates in land, then this Agreement shall not be deemed void or voidable. but shall be interpreted in such a way as to maintain and carry out the Parties' objectives to the fullest extent possible by law.

Appears in 5 contracts

Samples: Lease Agreement With Option to Purchase (Bonanza Goldfield Corp.), Assignment of Contract (Steele Resources Corp), Assignment of Contract (Steele Resources Corp)

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Rule Against Perpetuities. The Parties do not intend nor desire for this Agreement to violate the common law Rule Against Perpetuities or any analogous statutory provision or any other statutory or common law rule imposing time limits on the vesting or termination of estates in land. If any provision of this Agreement does or would violate the Rule Against Perpetuities or any analogous statutory provision or any other statutory or common law rule imposing time limits on the vesting or termination of estates in land, then this Agreement shall not be deemed void or voidable. , but shall be interpreted in such a way as to maintain and carry out the Parties' objectives to the fullest extent possible by law.

Appears in 3 contracts

Samples: Mineral Lease (Prophecy Development Corp.), Mineral Lease Agreement (Prophecy Development Corp.), Mineral Lease Agreement (Newgold Inc)

Rule Against Perpetuities. The Parties parties do not intend nor desire for this Agreement to violate the common law Rule Against Perpetuities rule against perpetuities or any analogous statutory provision or any other statutory or common law rule imposing time limits on the vesting or termination of estates in landland (the “Rule Against Perpetuities”). If any provision of this Agreement does or would violate the Rule Against Perpetuities or any analogous statutory provision or any other statutory or common law rule imposing time limits on the vesting or termination of estates in landPerpetuities, then this Agreement shall not be deemed void or voidable. , but shall be interpreted in such a way as to maintain and carry out the Parties' parties objectives to the fullest extent possible by law.

Appears in 2 contracts

Samples: Option Over Mogollon Property Agreement (Santa Fe Gold CORP), Option Over Mogollon Property Agreement (Santa Fe Gold CORP)

Rule Against Perpetuities. The Parties do not intend nor desire for this Agreement to violate the common law Rule Against Perpetuities or any analogous statutory provision or any other statutory or common law rule imposing time limits on the vesting or termination of estates in land. If any provision of this Agreement does or would violate the Rule Against Perpetuities or any analogous statutory provision or any other statutory or common law rule imposing time limits on the vesting or termination of estates in land, then this Agreement shall not be deemed void or voidable. , but shall be interpreted in such a way as to maintain and carry out the Parties' objectives to the fullest extent possible by law. .

Appears in 2 contracts

Samples: Mineral Lease Agreement and Option to Purchase (Midway Gold Corp), Mineral Lease Agreement and Option to Purchase (Midway Gold Corp)

Rule Against Perpetuities. The Parties do not intend nor desire for this Agreement to violate the common law Rule Against Perpetuities or any analogous statutory provision or any other statutory or common law rule imposing time limits on the vesting or termination of estates in land. If any provision of this Agreement does or would violate the Rule Against Perpetuities or any analogous statutory provision or any other statutory or common law rule imposing time limits on the vesting or termination of estates in land, then this Agreement shall not be deemed void or voidable. , but shall be interpreted in such a way as to maintain and carry out the Parties' objectives to the fullest extent possible by law. .

Appears in 2 contracts

Samples: Mineral Lease Agreement and Option to Purchase (Midway Gold Corp), Mineral Lease Agreement and Option to Purchase (Midway Gold Corp)

Rule Against Perpetuities. The Parties do not intend nor or desire for this Agreement to violate the common law Rule Against against Perpetuities or any analogous statutory provision or any other statutory or common law rule imposing time limits on the vesting or termination of estates in land. If any provision of this Agreement does or would violate the Rule Against against Perpetuities or any analogous statutory provision or any other statutory or common law rule imposing time limits on the vesting or termination of estates in land, then this Agreement shall not be deemed void or voidable. , but shall be interpreted in such a way as to maintain and carry out the Parties' objectives to the fullest extent possible by law.

Appears in 1 contract

Samples: Surface Use Agreement (Ivanhoe Electric Inc.)

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Rule Against Perpetuities. The Parties parties do not intend nor desire for this Agreement to violate the common law Rule Against Perpetuities rule against perpetuities or any analogous statutory provision or any other constitutional, statutory or common law rule imposing time limits on the vesting or termination of rights or estates in land. If any provision of this Agreement does or would violate the Rule Against Perpetuities or any analogous statutory provision or any other statutory or common law rule imposing time limits on the vesting or termination of estates in landsuch rule, then this Agreement shall not be deemed void or voidable. voidable or terminated, but shall be interpreted in such a way as to maintain and carry out effect the Parties' parties’ objectives to the fullest extent possible permitted by law.

Appears in 1 contract

Samples: Asset Purchase Agreement

Rule Against Perpetuities. The Parties parties do not intend nor desire for this Agreement to violate the common law Rule Against Perpetuities or any analogous statutory provision or any other statutory or common law rule imposing time limits on the vesting or termination of estates in land. If any provision of this Agreement does or would violate the Rule Against Perpetuities or any analogous statutory provision or any other statutory or common law rule imposing time limits on the vesting or termination of estates in land, then this Agreement shall not be deemed void or voidable. , but shall be interpreted in such a way as to maintain and carry out the Parties' parties’ objectives to the fullest extent possible by law.

Appears in 1 contract

Samples: Mining Lease (Endeavor Uranium, Inc.)

Rule Against Perpetuities. The Parties do not intend nor desire for this Agreement to violate the common law Rule Against Perpetuities or any analogous statutory provision or any other statutory or common law rule imposing time limits on the vesting or termination of estates in land. If any provision of this Agreement does or would violate the Rule Against Perpetuities or any analogous statutory provision or any other statutory or common law rule imposing time limits on the vesting or termination of estates in land, then this Agreement shall not be deemed void or voidable. voidable but shall be interpreted in such a way as to maintain and carry out the Parties' objectives to the fullest extent possible by law.. H

Appears in 1 contract

Samples: Purchase Agreement (Steele Resources Corp)

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