Common use of Rule Against Perpetuities Clause in Contracts

Rule Against Perpetuities. Any right or option to acquire any interest in real or personal property under this Agreement must be exercised, if at all, so as to vest such interest in the acquirer within twenty-one (21) years after the effective date of this Agreement.

Appears in 3 contracts

Samples: Joint Development Agreement (Idaho Consolidated Metals Corp), Agreement (Idaho Consolidated Metals Corp), Joint Venture Agreement (Idaho Consolidated Metals Corp)

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Rule Against Perpetuities. Any right or option to acquire any interest in real or personal property under this Agreement must be exercised, if at all, so as to vest such interest in the acquirer within twenty-one (21) 21 years after the effective date of this AgreementEffective Date.

Appears in 3 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Contango ORE, Inc.), Joint Venture Agreement (Vista Gold Corp)

Rule Against Perpetuities. Any right or option to acquire any interest in real or personal property under this Agreement must be exercised, if at all, so as to vest such interest in the acquirer within twenty-one (21) 21 years after the effective date of this Agreement.

Appears in 3 contracts

Samples: Mining Venture Agreement (Novagold Resources Inc), Operating Agreement (Hecla Mining Co/De/), Stock Purchase Agreement (Vista Gold Corp)

Rule Against Perpetuities. Any right or option to acquire any interest in real or personal property under this Earn-in Agreement must be exercised, if at all, so as to vest such interest in the acquirer within twenty-one (21) years after the effective date of this AgreementEffective Date.

Appears in 2 contracts

Samples: In Agreement (Hecla Mining Co/De/), Hecla Mining Co/De/

Rule Against Perpetuities. Any right or option to acquire any interest in real or personal property under this Earn - in Agreement must be exercised, if at all, so as to vest such interest in the acquirer within twenty-twenty - one (21) years after the effective date of this AgreementEffective Date.

Appears in 1 contract

Samples: Earn in Agreement (Great Basin Gold LTD)

Rule Against Perpetuities. Any right or option to acquire any interest in real or personal property under this Agreement must be exercised, if at all, so as to vest such interest in the acquirer within twenty-one (21) 89 years after the effective date of this Agreement.

Appears in 1 contract

Samples: Mining Venture Agreement (Teryl Resources Corp)

Rule Against Perpetuities. Any right or option to acquire any interest in real or personal property under this Agreement must be exercised, if at all, so as to vest such interest in the acquirer within twenty-one (21) 21 years after the effective date of this AgreementAgreementEffective Date.

Appears in 1 contract

Samples: Venturelimited Liability Company Agreement

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Rule Against Perpetuities. Any right or option to acquire any interest ------------------------- in real or personal property under this Agreement must be exercised, if at all, so as to vest such interest in the acquirer within twenty-one (21) 21 years after the effective date of this Agreement.

Appears in 1 contract

Samples: Mining Venture Agreement (Western Goldfields Inc)

Rule Against Perpetuities. Any right or option to acquire any interest in real or personal property Claims under this Agreement must be exercised, if at all, so as to vest such interest in the acquirer within twenty-one (21) years after the effective date of this Agreement.. 101

Appears in 1 contract

Samples: Joint Venture Agreement (Can Cal Resources LTD)

Rule Against Perpetuities. Any right or option to acquire any interest in real or personal property under this Agreement must be exercised, if at all, so as to vest such interest in the acquirer within twenty-one (21) 21 years after the effective date Effective Date of this Agreement.

Appears in 1 contract

Samples: Option Agreement (Apollo Gold Corp)

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